MahaRERA has issued recovery warrants amounting to nearly INR 90 crore against Honest Shelters Pvt Ltd, the promoter of the long-delayed Palais Royale project in Mumbai. The action follows the developer's failure to comply with directives to hand over seven flats to IIFL Finance Ltd with an occupancy certificate and to pay interest for delayed possession. The orders, passed across multiple hearings, rejected the developer's objections on jurisdiction and firmly upheld IIFL's entitlement to interest until possession was formally transferred. The dispute stems from Honest Shelters taking over the stalled project in 2019 after a INR 705 crore auction by Indiabulls Housing Finance.Read more

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

The Telangana government is holding housewarming ceremonies for Indiramma housing beneficiaries across constituencies ahead of the local body elections. With INR 22,500 crore allocated per constituency and around 3,500 homes sanctioned in each, the program represents one of the largest housing efforts in the state. For the first time, Chenchu tribal families have been included, with more than 22,000 homes sanctioned in four ITDA regions. Building on pilot-phase progress, where 47,000 homes were already underway with INR 68 crore support, the state is also providing engineering aid during the monsoon to keep construction on track.Read more

Hyderabad's premium housing segment, comprising homes priced at INR 1.5 crore and above, saw a 17% increase in sales during the first half of 2025, according to a report by global real estate firm JLL. This growth is notable as it occurred despite a 6% dip in overall residential sales across all price categories in the city. The surge is primarily driven by the city's strong IT presence, a preference for larger homes with high-end amenities, and rising affluence among tech professionals.Read more

The Telangana government has approved a hike in property registration values across major urban areas, particularly inside the Outer Ring Road, where nearly two-thirds of registration revenue is generated. The increase is expected to range between 30 % and 50 %, aimed at narrowing the gap between market prices and official registration rates. Committees led by additional collectors and supported by municipal authorities are preparing proposals for cabinet approval. A public feedback process will follow before implementation. Authorities estimate that this revision could add INR 2,000-2,500 crore in annual revenue for the state.Read more

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

The Confederation of Real Estate Developers' Associations of India - Maharashtra Chamber of Housing Industry (CREDAI-MCHI) has appointed Nahar Group Chairman, Sukhraj Nahar, as its President for the 2025-2027 term. Announced earlier this week, the development also brought forward the appointment of a new management committee. The association, representing more than 2,200 real estate developers across the Mumbai Metropolitan Region (MMR), plays a crucial role in voicing the concerns of the industry and engaging with government authorities.Read more

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, by upholding a previous NCLT order. The NCLAT dismissed an appeal by promoter Ram Kishore Arora, whose settlement proposal was rejected by a consortium of banks with over INR 990 crore in dues. This decision allows for the formation of a Committee of Creditors to take over the project, which is 80% complete, a significant step towards a resolution for thousands of homebuyers waiting for possession in Noida.Read more

Mr. Jash Panchamia, Promoter, Suraksha Smart City

Integrated townships have increasingly become a sought-after option for homebuyers and investors as they offer a blend of lifestyle, connectivity, and long-term value. Unlike traditional housing complexes, they integrate residences with schools, healthcare facilities, retail hubs, and recreation areas. Developers are aligning them with major transport corridors and civic infrastructure, while sustainability, wellness, and community-building remain central themes. This fusion of convenience, inclusivity, and future appreciation makes them a secure long-term investment.Read more

The state development body has stepped in to complete a stalled township project after ending a decades-old agreement with the original developer, who failed to deliver promised infrastructure and became insolvent. The township spans over 2,000 homes in nine blocks, along with educational, commercial, and recreational facilities. With the developer no longer active on site since about 2010-11, residents have waited years for basic services. The authority now plans to fund completion of roads, drainage, parks and a community centre using assets still held by the builder, once necessary approvals and assessments are in order.Read more

Noida's Sector-150 has emerged as the top-performing housing micro-market in India, with property prices surging by 139% between late 2021 and mid-2025. This growth, far outpacing other top cities, is driven by a combination of large-scale township projects, strategic infrastructure upgrades like the Jewar International Airport and new expressways, and strong investor demand. The area's performance, along with other key micro-markets in Bengaluru and Hyderabad, highlights a wider trend of infrastructure-led real estate appreciation across the country.Read more

The state-launched digital portal for deemed conveyance-intended to modernise housing society document processes-encountered persistent technical failures that undermined its objective of dispensing with in-person visits. Users reported login issues and incomplete applications, prompting a return to deputy registrar offices. Authorities acknowledged the malfunction and are working to restore functionality. With over sixty per cent of housing societies still lacking legal land ownership, the system's limitations continue to hinder redevelopment and access to finance, prompting calls to simplify documentation requirements.Read more

The Lucknow Development Authority has made it clear that no map approvals will be granted for housing in 241 unauthorised colonies, unless the 7.5-metre-wide roads are built by the government and are at least 200 metres in length. Despite discussions of relaxed norms, privately built roads in these areas remain ineligible. These colonies, first identified nearly 25 years ago, continue to lack basic infrastructure. Over time, regularisation efforts have repeatedly fallen short due to the stringent infrastructure criteria embedded in city planning frameworks. The LDA asserts that approving plans without proper amenities would fuel unplanned urban sprawl.Read more

In a recent enforcement action, the Haryana Real Estate Regulatory Authority took strict measures against a Panipat property transaction involving cash payments, directing the builder to refund the amount along with significant interest. The case revolved around a homebuyer who had paid in cash, breaching legal thresholds. RERA also referred the matter to the Income Tax Department. The builder's refusal to provide verification documents further influenced the decision, underscoring the regulator's intent to eliminate illicit financial practices in the real estate sector.Read more

Uttar Pradesh's Rural Development Minister disclosed in the Assembly that over 1.3 million homes have been approved for the economically weaker sections under central and state housing schemes. She explained that these sanctions fall under the Pradhan Mantri Awas Yojana (PMAY) and the Mukhyamantri Awas Yojana (MAY), with the allocation process set to begin soon. A detailed survey has already covered more than 5.7 million residents, identifying beneficiaries eligible for assistance. The announcement underlines the government's ongoing efforts to address the state's housing needs.Read more