The Andhra Pradesh High Court has ordered the release of realtor Syed Allabakshu, who was detained for three years by a consumer commission without proper legal procedure. The High Court emphasized that individual liberty requires strict procedural safeguards before detention. Allabakshu's company, Vijaya Saradhi Housing, failed to hand over plots after receiving advance payments. The Guntur commission had ordered refunds and compensation, leading to his detention in 2022. The High Court clarified its ruling does not prevent further inquiry if due process is followed.Read more

India has offered its full support to Bangladesh in restoring the ancestral home of iconic filmmaker Satyajit Ray, following reports of its demolition in Mymensingh. The house, once owned by Ray's grandfather and literary figure Upendra Kishor Ray Chowdhury, has been identified as being in a state of neglect. The Indian government has called the property a cultural landmark and proposed its transformation into a literary museum, reflecting the deep-rooted cultural ties between the two nations.Read more

TGRERA has fined Hyderabad-based Bhuvanteza Infra Projects INR 6.45 lakh for illegally marketing and selling units in its "Happy Homes" project in Shamirpet without RERA registration or necessary approvals. Buyers had alleged that the developer collected advances between 2020 and 2023, often without issuing receipts. Following an inquiry, the regulator declared the project unauthorised and ordered a halt to all sales, marketing, and construction activities. Bhuvanteza must now refund the buyers with 11% annual interest within 90 days. This isn't the firm's first violation-TGRERA had earlier penalised it INR 14.9 lakh for similar issues in another project, where 62 homebuyers were also owed refunds.Read more

The Lucknow Development Authority (LDA) has launched an e-auction of 50 residential plots and two multi-storey commercial complexes, with a combined estimated value of INR 310 crore. The residential plots, located in Sector G of the Basant Kunj Scheme near Gau Ghat and the Green Corridor, measure 252 sqm each and are priced at a reserve rate of INR 32,955 per sqm. The auction also includes a 2.5-hectare land parcel in Gomti Nagar Extension, a 1,800 sqm commercial-cum-nursing-home plot in Vishal Khand, and two ready-built complexes in Ratan Khand and Mansarovar. These offerings were identified through a recent land audit.Read more

Home interiors brand HomeLane has launched a new experience studio on 100ft Road, Gandhipuram, marking its twelfth store in Tamil Nadu. The Coimbatore studio enhances the company's presence in a key South Indian market, offering tech-driven home interior solutions with a 45-day delivery guarantee. Inaugurated by political figures K. Annamalai and Vanathi Srinivasan, the studio provides services such as AI-powered 3D visualisation, flat pricing, and project management support.Read more

The Enforcement Directorate (ED) has accused Unitech Group and its promoters of diverting nearly half of INR 16,000 crore received from homebuyers and financial institutions, allegedly using funds for personal gains and routing them into "benami" companies. The ED filed its third chargesheet on July 10, naming Unitech promoter Ramesh Chandra. Over 29,800 homebuyers did not receive houses. The probe, ongoing since June 2018, claims INR 7,794.35 crore was diverted. ED has arranged 105 entities and attached INR 1,621.91 crore in assets.Read more

Property registrations in Maharashtra, including Pune, remained steady in Q1 FY26 (April-June 2025), despite a 3.9% ready reckoner (RR) rate hike on April 1. The state registered 11.33 lakh properties, a 4.51% increase year-on-year, generating INR 12,783.77 crore in revenue, up 2.3%. This indicates the market absorbed the hike without disruption. High-value transactions in urban centers supported revenue. The state revenue minister set a target of INR 60,000 crore for the department this financial year, building on last year's INR 55,000 crore collections.Read more

The Delhi Development Authority (DDA) is set to launch its Premium Housing Scheme 2025, offering 177 residential flats and 67 garages via e-auction in prime Delhi locations. Concurrently, the DDA has approved reforms for commercial real estate, including reducing amalgamation charges from 10% to 1% of the circle rate and lowering the auction multiplication factor from twice to 1.5 times. These changes aim to boost investment and make Delhi more competitive. Additionally, the DDA approved rent facilitation for Signature View Apartments residents during reconstruction, and is developing an education hub and sports complex in Narela.Read more

The Andhra Pradesh government has introduced the Self-Certification Scheme (SCS) 2025 to streamline building permissions. The scheme allows instant online approvals for non-high-rise residential projects on plots up to 4,000 sq.m, and for White Category industries up to 500 sq.m. Under SCS 2025, construction can begin immediately after fees are paid, with licensed technical personnel (LTPs) responsible for compliance. This aims to boost real estate growth by fostering a trust-based mechanism, reducing compliance burdens, and is integrated into state building rules, aligning with central government capital investment initiatives.Read more

The Allahabad High Court has asked the Noida Authority to explain why occupancy certificates (OCs) were issued for towers at Lotus Boulevard in Sector 100 despite incomplete sewage treatment systems. A petition by the Apartment Owners' Association revealed that only 1.5 out of 4 required sewage treatment plants (STPs) were built when OCs were granted in 2012 and 2016. The court has demanded a sworn affidavit detailing the required and existing STPs, who approved the OCs, and whether any fixes have been made. A senior Noida Authority official must also appear in the next hearing, which is scheduled for mid-July.Read more

Dwarka Expressway in Gurugram has witnessed a remarkable 153% jump in property prices over the past five years, with average high-rise rates now touching INR 14,342 per sq. ft., as per MagicBricks. The stretch's strategic connectivity-linking Delhi to Gurugram-alongside robust infrastructure upgrades such as tunnels, metro corridors, and expressway links, is drawing heightened demand from homebuyers. Developers plan to introduce over 25,000 residential units in the next three years. A series of multimodal transport initiatives are further boosting its prospects as a high-growth investment zone.Read more

Residential property prices in micro-markets near operational and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have registered a substantial increase of 70-120% over the last four years, as reported by Square Yards. The real estate consultancy attributed this surge to improved connectivity and infrastructure in airport-adjacent corridors. Residential plots in these areas experienced even sharper hikes, reaching up to 118% growth, significantly outperforming city-wide averages. The findings underscore the growing influence of airports in shaping real estate appreciation across India.Read more

Delhi-NCR witnessed a substantial surge in luxury housing transactions, recording sales of 3,960 homes priced at INR 6 crore and above during the first half of 2025, marking a threefold increase compared to the same period last year. A CBRE-Assocham report highlighted a broader 85% year-on-year rise in high-end residential sales across India's top seven cities, with nearly 7,000 units sold. Mumbai and Delhi-NCR remained the frontrunners, with noteworthy contributions also from Bengaluru, Chennai, and Kolkata, despite minor dips in Hyderabad and Pune.Read more

Following a 2023 petition, the GDA has demanded demolition of 172 homes in Rajendra Nagar, alleging that the long-standing colony occupies former parkland. The NGT has required a detailed action report by late July, with the next hearing scheduled for 29 August. While authorities defend their actions based on a government-directed survey, residents argue that official approvals were granted decades earlier. The development highlights ongoing tensions between urban growth, environmental mandates, and housing rights in Ghaziabad.Read more

Dubai's residential property market witnessed unprecedented momentum in the first half of 2025, led by a sharp rise in villa demand. The total value of villa sales climbed 65% year-on-year to AED 118.5 billion (USD 32.27 billion), with transaction volume rising 55% to 20,415 deals. Apartment sales also recorded double-digit growth, with value increasing 21% to AED 144.2 billion (USD 39.27 billion). Overall, the combined residential sales value reached AED 262.7 billion (USD 71.52 billion), marking a 38% surge over the previous year.Read more