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Pioneer Urban Land and Infrastructure Ltd has recently purchased a 9,419 sq ft apartment in DLF's premium residential project, The Camellias, located in Gurugram. The deal, valued at INR 95 crore, was confirmed by real estate analytics firm CRE Matrix after reviewing the registration documents. The registration took place in the past month. Alongside this purchase, three additional residential properties, collectively worth about INR 176 crore, were also registered during the same period, highlighting the continued strength of Gurugram's ultra-luxury housing segment.Read more
State-run Housing and Urban Development Corporation Ltd (Hudco) reported a moderate rise in profit for the September quarter, supported by robust income growth and improved loan performance. The firm witnessed increased interest income and loan disbursements, while maintaining a healthy asset quality with reduced NPAs. Management indicated optimism for continued expansion through the government's infrastructure focus and the upcoming PMAY 2.0 initiative, projecting a healthy CAGR and steady margins for the remainder of the fiscal year.Read more
Dubai's property sector, which has witnessed soaring prices and record investment in recent years, is heading towards a new phase as a massive residential supply pipeline approaches completion between 2026 and 2028. With over 200,000 new units expected, analysts are assessing how this surge will affect market equilibrium. While some foresee moderate corrections, experts suggest that strong rental demand, immigration, and economic growth may cushion the impact. Investors are now re-evaluating strategies amid predictions of selective price adjustments and steady yields.Read more
Godrej Properties remains confident of achieving or surpassing its FY26 pre-sales target of INR 32,500 crore, driven by sustained housing demand across major cities. Executive Chairperson Pirojsha Godrej said the firm met 48% of its annual target in the first half, with pre-sales rising 13% year-on-year to INR 15,587 crore. The company also reported a 21% increase in quarterly net profit to INR 402.99 crore and total income of INR 1,950.05 crore. A major Worli project with over INR 10,000 crore revenue potential is expected to boost results. Supported by strong cash flow and a INR 6,000 crore equity base, the firm remains focused on growth across key metros.Read more
NVT Quality Lifestyle has announced an ambitious plan to triple its growth by developing three million sq. ft. of premium housing in Bengaluru over the next three years, targeting annual sales of INR 1,200�1,500 crore. Leveraging its strong land reserves in Whitefield and Sarjapur, the company aims to expand its footprint in the city�s fast-growing luxury housing market. Founding Director Dr Vivek Garg said two major villa projects will launch within six months, with further expansion planned in North Bengaluru. Established in 2010, NVT has delivered over 1,000 villa homes and built a reputation for quality, transparency, and design-led, professional development.Read more
As India's property sector continues to evolve, redevelopment is being seen as a key driver of value creation for homeowners. CREDAI MCHI Thane is preparing to host its Redevelopment Exhibition and Convention at the Raymond Trade Show Hall in Thane to help housing societies navigate the redevelopment process with greater ease. The event, scheduled for the coming week, aims to educate residents on how the revised FSI norms and policy changes can turn ageing structures into modern, high-value assets that enhance community living and long-term property worth.Read more
The Appellate Tribunal of the Odisha Real Estate Appellate Tribunal (OREAT) affirmed an earlier order by the Odisha Real Estate Regulatory Authority (ORERA) in favour of a buyer who alleged delayed possession, absence of valid occupancy and fire-safety certificates, and non-provision of amenities promised under the sale agreement. The developer was ordered to pay interest, obtain a proper occupancy certificate and hand over promised amenities. The ruling reinforces protections under the Real Estate (Regulation and Development) Act, 2016 (RERA) and signals greater accountability for developers.Read more
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has reinstated 22 stalled real estate projects, allowing construction to resume across seven districts. These projects, comprising 8,856 flats, plots, and commercial units, were earlier placed on the abeyance list due to non-compliance with documentation requirements. After verifying updated records, UP-RERA cleared them for continuation. The move aims to ease homebuyer concerns, improve transparency, and strengthen developer accountability. Officials said the decision will help reduce project delays and restore confidence in the state's housing market. The revival marks a significant step in UP-RERA's efforts to accelerate housing delivery and enforce regulatory discipline.Read more
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As part of the government's ambitious Fourth Mumbai Plan, Boisar is set to become the nucleus of a new integrated urban cluster within the Mumbai Metropolitan Region. Backed by large-scale infrastructure including the Vadhavan Port, a greenfield international airport, and the Mumbai-Ahmedabad bullet train, Boisar is evolving from an established industrial hub into a global investment and residential destination offering employment, connectivity, and lifestyle advantages.Read more
Veteran actor Amitabh Bachchan has sold two adjoining luxury apartments on the 47th floor of Oberoi Exquisite in Goregaon, Mumbai, for a combined INR 12 crore. Each 1,820 sq ft unit fetched INR 6 crore and included two car-parking spaces, with total stamp duty payments of INR 60 lakh. The Oberoi Realty project is known for its upscale amenities and strategic location near key business hubs. Both buyers are reportedly Mumbai-based professionals. The sale reflects a broader trend of high-net-worth individuals reorganising their real-estate portfolios. Bachchan, who owns multiple properties across Mumbai, has been actively balancing his investments in recent years.Read more
Earlier this week, the Economic Offences Wing in Hyderabad registered a case against a Jubilee Hills-based construction company for allegedly defrauding nine flat buyers of a total of INR 4.41 crore. The complainants stated they were promised homes in Tellapur under a special pre-launch offer that included assured buy-back, but neither approvals nor construction ever materialised. The company had even conducted a symbolic ground-breaking event two years ago, yet no development followed. When the project was cancelled, buyers demanded refunds.Read more
The Maharashtra Cooperation Commissioner, Deepak Taware, has clarified that registrars and sub-registrars do not have the authority to issue no objection certificates (NOCs) to housing societies for redevelopment projects. The order emphasizes that the general body of each cooperative housing society is the highest decision-making authority in such matters. Citing a 2019 government resolution and a Bombay High Court petition, the commissioner noted that the role of registrars and cooperative departments is limited to supervision, with no statutory provision under the Maharashtra Cooperative Societies Act, 1960, granting them power to issue NOCs.Read more
Omaxe Ltd. has appointed Indian women�s cricket team captain Harmanpreet Kaur as its brand ambassador, marking a significant step towards promoting sports-led development and youth empowerment. The collaboration highlights Omaxe�s long-term vision of creating world-class infrastructure that supports athletes and communities alike. The company�s latest initiatives, including The Omaxe State and BeTogether, align with its broader philosophy of combining lifestyle, commerce, and sports infrastructure to foster inclusive growth and local development.Read more
Residential property sales across India's eight major cities rose slightly in the July-September quarter, reaching 96,827 units compared to 96,544 a year earlier, according to a Housing.com report by REA India. New housing launches also increased marginally to 94,419 units. REA India CEO Praveen Sharma said rising prices have dampened affordable housing demand, even as premium and high-end segments remain strong. He urged a dual focus on boosting affordable supply and improving buyer access. City-wise, Bengaluru, Chennai, and Kolkata recorded notable growth, while Delhi-NCR, Pune, and Mumbai saw declines. Overall, the sector showed steady momentum, with affordability remaining a key challenge.Read more
The Jaipur Smart City Limited (JSCL) has been given responsibility to develop six additional towns Mandawa, Khatushyamji, Alwar, Bhiwadi, Bharatpur and Bikaner under Rajasthan's Clean and Green Eco Cities plan. The decision comes even as many of JSCL's projects in Jaipur remain incomplete or poorly maintained, including smart roads, underground cabling, and multi-level parking. While officials say the agency's role is limited to project completion and handover, concerns persist over whether JSCL can manage new developments effectively without addressing unresolved issues in the state capital.Read more
India's luxury housing market has transitioned from a niche catering to ultra-wealthy individuals to a mainstream segment attracting a broader base of affluent buyers. Driven by rising incomes, economic growth, and changing lifestyle priorities, the segment has witnessed remarkable momentum across major cities such as Delhi-NCR, Mumbai, and Hyderabad. High-end buyers now seek not only exclusivity and space but also properties that prioritise wellness, sustainability, and long-term capital appreciation, prompting developers to focus on bespoke designs and experience-driven living environments.Read more
Empiric Student Property Plc, a UK-based student accommodation operator, has reported a decline in occupancy to 89% for the ongoing academic year, compared with 95% a year ago, and expects to miss its 97% target. The drop is mainly due to fewer Chinese student tenants, slower booking activity, and supply-demand imbalances in certain regional cities. UK students now make up 43% of the total occupancy. The company, currently being acquired by Unite Group Plc, still expects rental growth of around 4.5% this year.Read more
The Delhi Development Authority (DDA) has approved monthly rent compensation for residents of Signature View Apartments, who vacated their homes after severe structural damage was discovered. HIG flat occupants will receive INR 50,000 per month, while MIG residents will get INR 38,000, with a 10% annual increase starting July 2024. Arrears will be paid monthly. The DDA also cleared key urban projects, including redevelopment of old staff quarters in Safdarjung and Old Rajinder Nagar, a multi-sports stadium in Narela, and Delhi's first TOD housing project in Karkardooma. These initiatives reflect the DDA's push to modernise housing, enhance infrastructure, and support displaced residents fairly.Read more
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