TGRERA has suspended operations on the Shrivaris Brundavanam housing project due to stalled construction-around 35 percent complete and unfulfilled possession promises. All promotional and sales activity has ceased, and the developer must provide full buyer lists, financials and a detailed completion schedule ahead of a tribunal. This reflects TGRERA's broader enforcement approach: ordering refunds with interest for non-delivery in unregistered projects, penalising promoters and real estate agents, and mandating completion of delayed developments. The authority is taking firm action to hold developers accountable and protect homebuyer interests.Read more

The Telangana Real Estate Regulatory Authority (TG RERA) has fined real estate agent Jakkepalli Sri Lakshmi INR 6.17 lakh for promoting an unregistered project and impersonating the builder in transactions. The case involved a buyer couple who transferred over INR 1.2 crore for two flats, but only INR 44.9 lakh reached developer Aaditri Housing. RERA found fabricated receipts and directed Aaditri Housing to complete and register the flats, warning of further penalties for delays. This action underscores RERA's crackdown on fraudulent real estate practices.Read more

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more

Peninsula Land Ltd. has acquired 28 acres of land in Alibaug and 3.5 acres in Karjat, Maharashtra, for residential developments, expecting to generate a combined revenue of INR 1,500 crore. These acquisitions align with the company's strategy to expand its land bank in key Mumbai Metropolitan Region (MMR) peripheral locations. The move capitalizes on the growing demand for second homes and plotted developments in these popular weekend destinations. The company aims to develop projects in high-growth corridors, building on recent acquisitions like 55 acres in Panvel.Read more

Actor Mahesh Babu has been served a notice by a consumer court over alleged fraud in a real estate scheme he endorsed. A city-based doctor claims she was defrauded of INR 34.8 lakh after buying a non-existent plot, influenced by his endorsement. The Rangareddy District Consumer Disputes Redressal Commission has directed all respondents, including Sai Surya Developers and its owner, to appear on August 7. Previous reports suggest the actor received INR 5.9 crore for promoting the firm, which allegedly sold plots in unauthorized layouts and made multiple sales.Read more

Seven major UK housebuilders have committed GBP 100 million (USD 136 million) to affordable housing initiatives following a Competition and Markets Authority (CMA) investigation. The probe addressed concerns that builders exchanged sensitive information on sales, pricing, and buyer incentives. As part of the commitment package, firms will also stop sharing information with rivals. While not admitting wrongdoing, they engaged proactively with CMA. The CMA will consult on these proposals, aiming to ensure compliance with competition law and support housing programs.Read more

KVN Properties is partnering with Assetz Group to develop a residential project in North Bengaluru, with an estimated Gross Development Value (GDV) of INR 1,000 crore. KVN Properties will invest INR 500 crore in the project, which spans nearly 6 acres and covers 10 lakh sq ft of developable area. This marks KVN Properties' second project, following a tie-up with Puravankara Ltd for a INR 3,300 crore GDV project.Read more

The Bank of England has eased mortgage lending rules to stimulate home ownership in the UK. Individual lenders can now exceed loan-to-income limits, though the sector retains a 15% cap on high loan-to-income lending. This move is expected to generate about 36,000 new higher loan-to-income mortgages annually. The change aims to support government initiatives to increase home ownership, balancing economic growth with financial stability. While property sales have slowed, rising wages and slow construction may keep prices up. The bank will review capital requirements, with an update due in December.Read more

NAREDCO Mahi hosted its 4th Convention in New Delhi, themed 'Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow'. The event focused on women's influence in driving sustainable and inclusive real estate, aligned with Viksit Bharat 2047. Key sessions covered affordable housing design, policy-industry collaboration, and women's leadership in urban planning. Speakers included government officials and industry leaders. The convention also launched NAREDCO NEXTGEN - North for young professionals and honored women achievers, reflecting efforts to foster professionalism, ethics, and global engagement in the sector.Read more

Mittal Builders has partnered with House of Abhinandan Lodha (HoABL) to develop an 11-acre housing project in Naigaon, Mumbai Metropolitan Region (MMR), with a planned investment of INR 2,000 crore. The project, launching in Q2 FY26, is expected to yield over INR 3,000 crore in Gross Development Value (GDV) over 3-5 years. It includes over 4,600 apartments and high-street retail. This Joint Development Agreement (JDA) combines both firms' strengths in what Mittal Builders calls a fast-growing center, marking HoABL's entry into group housing.Read more

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

Zomato co-founder Deepinder Goyal purchased a premium apartment spanning nearly 11,000 sq ft in DLF's ultra-luxury residential development, 'Camellias', located on Golf Course Road, Gurugram, for INR 52.3 crore. The transaction was executed in August 2022 and formally registered a few months ago, according to data analytics platform Zapkey. Industry experts now estimate the property's current market value to be between INR 125 crore and INR 150 crore, reflecting the sharp appreciation in Gurugram's luxury housing segment. DLF has since launched another high-end project in the vicinity, titled "The Dahlias".Read more

Himachal Pradesh Chief Minister Shri Sukhvinder Singh Sukhu visited flood-affected areas in Mandi district, assuring support and assessing damage. He urged MPs to help secure Union Government permission to rehabilitate families on forest land, as 68% of the state is forest area. The state plans to provide INR 7 lakh compensation for rebuilding homes. Over 1,184 houses, 710 cowsheds, and 201 shops were affected, with 15 fatalities. Rescue efforts are ongoing, with relief camps and road restoration prioritized.Read more

The Telangana government has sanctioned over 13,200 homes for Chenchu tribals under the Indiramma housing scheme. This initiative aims to provide dignity and security, particularly for Chenchu tribal women, by issuing housing sanction letters in their names. Revenue Minister Ponguleti Srinivas Reddy stated the scheme includes free sand and other construction assistance, with funds released weekly based on progress. This step seeks to provide permanent housing for the Chenchu tribals, who have historically lived in temporary shelters, and uplift marginalized communities.Read more

Ireland has decided to reduce minimum apartment sizes and requirements for open space to address its housing crisis. This move aims to cut unit costs by EUR 50,000-EUR 100,000 and boost supply, following a 24% drop in apartment building last year. The government targets 50,000 new homes annually by 2030, despite homebuilding stalling at 30,000 units last year. While the Housing Minister states essential regulations are not compromised, opposition parties argue it will lead to substandard conditions. The government also adjusted rent controls to encourage development.Read more

Manglam Group has partnered with The Fern Hotels & Resorts to launch a new 200+ key serviced apart'otel under the Fern Habitat brand in Jaipur. The property will be a part of Pinkwalk, Manglam's flagship mixed-use development in Jagatpura. Featuring a blend of hotel services and apartment-style living, the project aligns with Manglam's INR 1,000 crore investment plan to develop premium hospitality assets across Rajasthan and Goa.Read more

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more