Mr. Aditya N. Shah, Director of Mayfair Housing.

Mira Road has evolved from a peripheral suburb into a fast-developing luxury real estate destination, attracting homebuyers and investors seeking premium living at more reasonable rates than central Mumbai. Backed by improved infrastructure, expansive residential projects, and growing connectivity via highways and the metro, the area now combines affordability with sophistication. Its strategic location, proximity to IT parks, and inclusion in upcoming developments like the Mumbai-Ahmedabad bullet train and coastal road extension have significantly raised its desirability. Mira Road is now emerging as a prime residential zone with strong growth prospects and superior value for investment.Read more

A local court ordered the immediate transfer of maintenance duties at Parkview Residences in Mohali's Sector 66 to its Resident Welfare Association (RWA). The judgment followed ongoing allegations against the developer and its agency for imposing inflated maintenance charges, obstructing RWA elections, and disrupting basic services. Despite all units being sold, the developer had continued to exert control through a private firm. The court found these actions coercive and unlawful under the Punjab Apartment Ownership Act.Read more

Telangana RERA has penalised Ashritha Group with a fine of INR 3 lakh after two homebuyers complained about irregularities in its "Jewels County" project in Jubilee Hills, Hyderabad. The buyers alleged the builder failed to register their flats or issue receipts and threatened to cancel agreements without valid reasons. RERA found that despite executing sale agreements, the builder didn't register the units, violating RERA norms. The authority has now ordered Ashritha to complete registrations, subject to payment milestones. This is among several recent actions by RERA, including penalties against developers of "Happy Homes-1", "Aura Velimala Phase-1" and "Shrivari's Brundavanam" for non-compliance and unregistered sales.Read more

Taylor Wimpey España has revealed that British and Irish nationals remain a dominant force in Spain's second-home market, with 45% of them aged between 45 and 59. Over the past two years, 80% of these buyers opted for properties in the Costa del Sol, particularly favouring apartments with two or three bedrooms. Developments such as Solana Village, Sunny Golf, and Emerald Greens have seen significant traction, with an average purchase price of EUR 497,000. Key-ready homes and off-plan units continue to be available at select locations.Read more

China's housing market continues to face mounting pressure as new-home prices fell 0.3% month-on-month in June, the steepest drop in eight months. This extended the decline that began mid-last year, despite a series of stimulus efforts introduced by the government to stabilize the property sector. Compared to the same month last year, prices fell 3.2%. Investment, home sales, and new construction all remain under stress, and analysts now warn that unless stronger and more targeted policy measures are adopted, the downturn could persist well into 2026.Read more

Thane's residential property market has recorded a steep 46% surge in average prices over the past three years, with rates reaching INR 19,800 per sq. ft. by the end of Q2 2025. The transformation, driven by infrastructure development and affordability, has seen a 103% spike in new housing supply and 78% rise in absorption since FY 2020. ANAROCK's latest report notes that compact homes, particularly 1BHK and 2BHK units, dominate the market. Approximately 44% of housing falls within the INR 80 lakh to INR 1.6 Cr range, attracting buyers priced out of core Mumbai.Read more

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

Goldman Sachs' Urban Investment Group has committed USD 270 million to support the development of Innovative Urban Village in East New York, Brooklyn. Spearheaded in partnership with the Christian Cultural Center, Gotham Organization, and Monadnock Development, this large-scale housing initiative aims to provide 385 affordable homes in its first phase, along with essential retail and community spaces. The project, which leverages a mix of public tax credits, private capital, and brownfield redevelopment incentives, is part of a broader plan to create over 2,000 homes in the coming years.Read more

The Uttar Pradesh government has granted a 14-year 'zero period' waiver to Sunworld City's stalled township project in Noida, Sector 22D. This relief covers penal interest and dues for approximately 20 unacquired acres that YEIDA failed to provide in 2011. The decision aims to reduce Sunworld City's financial burden and revive the project, which faced issues with fragmented land parcels and legal cases. YEIDA is now required to recalculate dues and issue a fresh demand notice, reflecting government efforts to address administrative lapses in stalled real estate projects.Read more

Telangana has received INR 1,500 crore in Central funding under the PMAY-Urban 2.0 initiative, facilitating the construction of 1.13 lakh houses across the state. The sanctioned homes fall under the revived Indiramma urban housing scheme, which aims to deliver 20 lakh homes in five years. The approval makes Telangana the top beneficiary of PMAY-Urban 2.0, overtaking other major states. Beneficiaries will receive INR 5 lakh per unit, combining Central and state support. An additional proposal for rural housing is being finalised for future submission.Read more

MahaRERA has blocked public access to details of projects placed under abeyance. This includes crucial information like project approvals, timelines, and legal orders. Visitors now only see a message saying the project is suspended and its account frozen. MahaRERA says the move targets developers who fail to upload mandatory progress updates. Data can still be accessed through written requests. Over 2,100 projects across Maharashtra have been suspended recently, with accounts frozen and a verification drive launched to check the authenticity of occupancy certificates.Read more

UK housebuilder Barratt Redrow delivered 16,565 homes in the past year, falling short of its target due to delays in London handovers, especially for international and rental investors. The housing market remains fragile as high living costs and slow mortgage rate drops deter buyers. Following the news, the company's stock dropped over 9%. Despite this, forward sales rose to £2.9 billion, and the average selling price increased to £344,000. The company is offering buyer incentives and has identified £69 million in merger-related cost savings. It aims to build up to 17,800 homes this year, though planning delays and high borrowing costs remain key concerns.Read more

Gurugram's residential property market has witnessed a substantial 67% increase in average prices between Q2 2023 and Q2 2025, according to the latest MagicBricks PropIndex. The average rate reached INR 16,186 per sq ft during the April-June quarter of 2025, up from INR 9,718 two years prior. Key micro-markets such as Dwarka Expressway, Golf Course Road Extension, Sohna Road, and New Gurugram are experiencing heightened demand. Dwarka Expressway led the growth, supported by major infrastructure enhancements and improved airport connectivity, making it the top choice for premium buyers and investors alike.Read more

Godrej Properties Ltd has forayed into the Raipur market with the acquisition of approximately 50 acres of land earmarked for premium plotted residential development. The project is expected to offer around 9.5 lakh square feet of saleable area. This strategic land purchase aligns with the company's broader vision to strengthen its presence in emerging real estate markets across India. The expansion highlights Godrej Properties' continued focus on diversifying its footprint beyond metropolitan hubs and into high-potential tier-2 cities.Read more

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

Punjab Real Estate Regulatory Authority (RERA) has issued an interim order against Chandigarh-based Motiaz Builders for illegally advertising and selling flats at its "The Royale" project in Sector 39 (Extension), Mohali. The builder violated Section 3 of the RERA Act by launching and promoting the project without obtaining mandatory registration or opening an escrow account. Despite being served multiple notices, the developer failed to respond. RERA has now prohibited all marketing, booking, and sales activities related to the project. A final response has been sought by next month, with a detailed hearing scheduled in the coming weeks.Read more

The Kerala government has approved a waiver for registration and stamp duty charges for beneficiaries acquiring land under the Life Mission housing scheme. This exemption also extends to nine flood-affected individuals. Beyond housing, the cabinet approved a tripartite agreement for the Wayanad Township and established a tribal supply office in Attapadi. It also sanctioned financial aid for natural calamity victims. Other key decisions include implementing Telecom (Right of Way) Rules and significantly increasing the government guarantee for Kerala Social Security Pension Ltd from INR 6,000 crore to INR 14,000 crore.Read more