MahaRERA recently pulled up a Mumbai-based real estate developer after homebuyers complained about being allotted parking spaces in a wing different from where their flats were located. Despite having paid for puzzle car parking slots, the buyers were not provided with marked or numbered spaces. When residents formed separate housing societies, access to the assigned parking was denied. MahaRERA deemed this a deficiency in service and ordered corrective action.Read more

Actor Aamir Khan has leased four luxury apartments in Mumbai's upscale Wilnomona building on Nargis Dutt Road, Pali Hill, at a reported monthly rent of INR 24.5 lakh. The five-year lease includes a 45-month lock-in and 5% annual rent escalation. He paid a security deposit of INR 1.46 crore, along with stamp duty and registration charges. The move comes as his existing residences in the Virgo Cooperative Housing Society undergo redevelopment by Atmosphere Realty (Wadhwa Group, MICL, Chandak Group). The upcoming tower is set to feature ultra-luxury, sea-facing units priced above INR 1 lakh/sq ft, with some expected to cross INR 100 crore.Read more

Shweta Tripathi, the acclaimed actress best known for her role in the hit series "Mirzapur," has made a significant real estate investment in Mumbai. She purchased a new 3 BHK apartment in the city's prime residential locality of Chembur for INR 3 crore. The property, located in the Supreme Boulevard building, spans 938 square feet. The transaction, registered in early July, included two dedicated car parking spaces and saw Tripathi benefit from a special stamp duty relaxation for women homebuyers.Read more

The Supreme Court has ruled in favor of CREDAI-MCHI in a key environmental clearance case, unlocking over 493 previously stalled housing projects in the Mumbai Metropolitan Region and Pune. The verdict restores the authority of state-level environmental bodies, benefiting over 70,000 housing units primarily in the affordable and mid-income segments. The decision overturns earlier notifications that caused regulatory confusion, marking a major win for developers and homebuyers. The legal intervention by CREDAI-MCHI brings long-awaited clarity and momentum to real estate growth in Maharashtra.Read more

The Andhra Pradesh government's NTR Smart Townships scheme, aimed at the middle-income group (MIG), has seen a poor response with just 29% of the plots sold and only 23% of the expected revenue collected. Despite initial interest from nearly 3.9 lakh applicants, various issues like pricing, eligibility restrictions, and lottery-based allotment discouraged buyers. The government has now paused fresh applications, plans to auction unsold plots, revise fee structures, and convert unlaunched layouts into commercial zones under the Urban Development Authority.Read more

The Department of Town and Country Planning (DTCP), Gurugram, recently demolished an unauthorized structure constructed by the Resident Welfare Association (RWA) of Emaar Palm Hills in Sector 77. The RWA had built a meeting hall in the society's open area, which violated the approved layout plan. Despite earlier notices, the association failed to act, leading to the enforcement. DTCP clarified that RWAs are not permitted to carry out construction in common or green areas, regardless of internal resolutions. The demolition received support from residents and planning experts.Read more

The Ghaziabad Development Authority (GDA) has filed a new FIR against Ansal Properties after a severe basement cave-in incident at Sushant Aquapolis township near Crossings Republik. Heavy rainfall led to water collecting in an unfenced 15-foot-deep pit, submerging vehicles parked near Tower 7. The builder had reportedly handed over possession without securing a completion certificate and failed to install key infrastructure. This comes as the latest in a string of FIRs against the company over project delays, forgery, cheating, and regulatory violations across Ghaziabad and Lucknow.Read more

Work under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Mysuru and Chamarajanagar has slowed due to a sharp increase in construction material and labour costs. In Mysuru, of the 20,908 sanctioned houses, work has begun on around 13,442, while in Chamarajanagar, approvals have been issued for just 10,712 of the 39,317 houses. The government grant of INR 1.2 lakh for general category and INR 1.8 lakh for SC/ST beneficiaries is no longer enough to cover construction expenses. Many beneficiaries have not yet received allotment letters, delaying the start of construction.Read more

A newly built high-rise residential complex comprising 184 expansive flats for Members of Parliament is set to be inaugurated by Prime Minister Shri Narendra Modi. Located on Baba Kharak Singh Marg, the four-tower project was completed within two years by Sam India Infrastructure under the Central Public Works Department (CPWD). Designed with enhanced space and modern construction techniques, the flats offer generous amenities, including offices, helper rooms, and a community centre. With solar panels and sustainable features, the project aims to achieve a GRIHA 4-star rating.Read more

Auto-component manufacturer Anand Automotive has purchased a 1,550-square-yard bungalow on Kautilya Marg in Delhi for INR 195 crore. With an additional stamp duty of around INR 13.65 crore, the total deal value comes close to INR 209 crore. The high-value transaction adds to a recent string of big-ticket bungalow deals in the capital. Earlier, Endurance Technologies MD Anurag Jain and Aakash Chaudhry of Aakash Educational Services had acquired similar properties in the same area for over INR 130 crore.Read more

Pune Municipal Corporation has doubled its property-tax discounts for green features over the past six years from about 86,000 beneficiaries in 2019-20 to roughly 1.5 lakh now offering 5-10% relief to owners with functional solar panels and vermicomposting systems. The corporation claims surprise inspections and cancellations if installations go offline, but local activists and experts challenge the enforcement's consistency. While this incentive is part of broader efforts to promote sustainability, questions remain over actual performance and oversight. The scheme coincides with a wider push in Maharashtra municipalities for green-rated buildings through fiscal, not built-area, perks.Read more

Following a Bombay High Court directive, MahaRERA has reinstated hybrid hearings, allowing litigants to choose between physical and virtual appearances. The court found the earlier virtual-only format hindered access to justice and noted that other tribunals had already adopted hybrid models. Complaints cited unclear schedules, delays, and no mechanism for urgent matters. The court instructed MahaRERA to revise its procedures, including creating a register for urgent mentions, publishing timestamped orders, setting fixed hearing dates, and providing transparent cause-lists and contact details. MahaRERA has confirmed that both hearing modes are now active and is expected to submit a compliance report soon.Read more

Australia's residential property market continued its upward trajectory, recording new national price peaks despite a visible deceleration in growth. Limited housing supply and steady auction activity have sustained the upward pressure on prices. Major cities including Darwin, Perth and Sydney witnessed notable gains, although the pace was more tempered compared to earlier trends. Analysts suggested that improved consumer sentiment, coupled with expectations of interest rate cuts, may help maintain modest price increases in the months ahead.Read more

The National Real Estate Development Council (NAREDCO) urged the government to expedite the approval processes for real estate developments, highlighting the resulting benefits of lower input costs and accelerated supply of housing and commercial properties. NAREDCO also called attention to the pressing need for skilled construction labour and proposed greater collaboration between the government and industry bodies for workforce training. Challenges such as high land costs, regulatory delays, and inadequate rental policies were flagged as obstacles affecting affordable housing and overall sectoral growth.Read more

India's housing sector witnessed a shift in buyer preferences in the first half of 2025, with overall home sales across eight major cities declining by 5%, but the total transaction value rising by 9% to INR 3.59 lakh crore. A joint report by CREDAI and CRE Matrix highlighted that higher property prices and demand for larger, better-located homes have driven this surge. Despite fewer units being sold, cities like Delhi-NCR saw a notable jump in market value share, especially in premium segments led by Gurugram and Noida.Read more

Bhubaneswar Development Authority conducted a transparent draw to allocate flats to urban poor under Affordable Housing Projects and in-situ slum redevelopment schemes. A total of 38 beneficiaries were assigned units across multiple sites, each required to contribute a specified beneficiary share. The Vice-Chairman reaffirmed the authority's focus on inclusive urban development and emphasised that infrastructure and basic services are integral to the housing effort. The initiative reflects a continuing commitment to relocate slum-dwellers into formal dwellings and enhance living conditions citywide.Read more