Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

The Supreme Court has ruled that leasing a residential property to a company that uses it as a hostel for students or working professionals does not attract GST. Upholding a Karnataka High Court decision, the Court said GST exemption depends on the property's actual use for long-term residential accommodation, not on whether the lessee personally lives there. The case involved a Bengaluru property leased to D Twelve Spaces Pvt Ltd, where earlier AAR and AAAR rulings had denied exemption. The Court noted that taxing such leases would burden students with higher costs and goes against the intent of the residential exemption. The judgment offers clarity and relief for property owners and hostel operators.Read more

The Himachal Pradesh state assembly has passed the RERA Amendment Bill amid opposition protests and a walkout. The bill shifts the authority to select the RERA chairperson and members from a committee led by the High Court Chief Justice to one headed by the State Chief Secretary. The new panel will include the Housing Department Secretary and the Law Secretary, with provisions for another senior official to step in if needed. The amendment also replaces the five-year term with a fixed, non-renewable four-year tenure. Opposition leaders argued the change reduces judicial oversight and violates the spirit of the central RERA Act, while the government said it will improve efficiency and speed up appointments.Read more

On the 41st anniversary of the Bhopal Gas Tragedy, Pithampur residents have voiced strong opposition to the state government's plan to dispose of 900 tons of ash from incinerated Union Carbide waste at a local plant. Despite assurances from authorities about safe storage and emissions within permissible limits, locals fear environmental contamination and health risks. The Madhya Pradesh High Court has rejected the landfill proposal and asked the government to identify alternative sites. Residents and activists are urging relocation to a safer location to prevent harm.Read more

Maulik Sheth, Managing Director, Sheth Realty

The luxury homebuyer of today has begun to prioritise sustainability as much as aesthetics, prompting developers to embed eco-friendly systems and future-ready technologies into high-end projects. Rising awareness about carbon footprints has pushed green homes from niche preferences to mainstream expectations among affluent buyers. Developers have increasingly incorporated solar installations, rainwater harvesting, reclaimed materials, biophilic architecture, and energy-efficient systems to meet evolving standards. With certifications such as LEED and IGBC Gold becoming modern markers of luxury, premium homes now align wellness, technology, environmental responsibility, and long-term value in a single offering.Read more

Subhra Sen, mother of actor Sushmita Sen, has purchased two apartments in Elysian by Oberoi Realty in Goregaon East for a combined value of INR 16.89 crore. Both units measure 163.59 sq metres (around 1,760 sq ft) and include one parking space each. For the first unit, she paid a stamp duty of INR 42.02 lakh and a registration fee of INR 30,000, while the second unit involved a stamp duty of INR 42.49 lakh and registration charges of INR 30,000. The purchases add to the steady demand seen in this project.Read more

UK house prices recorded a modest increase in November, rising by 0.3% on a seasonally adjusted basis, according to Nationwide. This followed a smaller rise in the previous month and came despite concerns linked to the finance minister's recent budget. The average house price reached 272,998 pounds (USD 360,739.56). Annual growth eased to 1.8%, the weakest since mid-2024, partly due to strong gains seen a year ago after interest rate cuts and policy changes. Supportive mortgage approvals and expectations of lower interest rates have given economists confidence that affordability may slowly improve.Read more

A new study by Anarock and 360 One Wealth shows Worli remains one of India's strongest ultra-luxury housing markets, with 14 apartments priced above INR 40 crore sold between January and August 2025, totalling around INR 2,800 crore. This already exceeds the full-year value of 2024. Worli accounts for nearly 40% of India's ultra-luxury market and has seen over 20 deals above INR 100 crore in the past three years, including two duplexes sold for more than INR 700 crore in 2025. Premium high-rises now command INR 65,000 to over INR 1,00,000 per sq ft, reinforcing Worli's position as Mumbai's most coveted luxury address.Read more

Retal Urban Development has formalized a development agreement with the National Housing Company to advance a significant residential project in Riyadh. The deal, valued at SAR 5.2 billion, will cover the construction of 4,839 residential units, reflecting ongoing efforts to meet the city's growing housing demand. The agreement highlights a continued partnership between private developers and government entities to enhance residential infrastructure. This initiative follows Retal's previous urban development projects and aligns with broader national plans to expand housing availability and support urban growth in Saudi Arabia.Read more

Punjab RERA has ordered a Mohali-based developer to hand over possession of a long-delayed SCO unit in Sunny Enclave after the buyers waited nearly a decade despite having paid the entire consideration and completing all formalities. The allottees, who booked the unit in the early 2010s and even registered the conveyance deed years ago, had been denied possession because the project remained unfinished and mandatory occupation-related approvals were never issued. Acting on the buyers' complaint, RERA directed the promoter to hand over possession within three months and pay interest for the prolonged delay.Read more

Piramal Realty has completed Phase 1 of Piramal Revanta, its 12-acre residential project in Mulund, after Tower 4 received its Occupation Certificate. All four towers in the phase are now delivered, with over 1,100 homes handed over. The developer has also opened Club RASA, a 20,000 sq. ft. wellness and community hub, along with amenities such as a pool, landscaped courts, an amphitheatre and play areas. Attention now shifts to Phase 2 (Vana), which includes Towers 5 and 6 and a second clubhouse, Club RAHA. Located beside Sanjay Gandhi National Park, Piramal Revanta offers strong connectivity and reflects the company's focus on thoughtful, community-driven design.Read more

Mahindra Lifespaces has been selected to redevelop a residential cluster in Matunga (West), Mumbai. The project covers nearly 1.53 acres and carries a gross development value of about INR 1,010 crore. It will replace the old housing structures with upgraded homes, improved infrastructure and modern community amenities. The redevelopment also aligns with the company's plan to scale its Mumbai Metropolitan Region portfolio, as it aims to increase new launches and redevelopment work over the next few years. The project reflects the wider demand for society-redevelopment in Mumbai's older localities.Read more

Sikka Group has entered into a co-development agreement with Birla Estates to develop a housing project in Greater Noida, valued at nearly INR 1,600 crore. The upcoming project, planned on a 5-acre land parcel owned by Sikka Group, will see Birla Estates investing around INR 500 crore. The partnership comes at a time when the Greater Noida Development Authority has been permitting co-developers to revive delayed real estate ventures. The collaboration aims to enhance financial strength, credibility and execution capacity for the long-pending development.Read more

The Kingdom of Bahrain has lowered the minimum real estate investment needed to obtain its Golden Residency from USD 530,555 (BHD 200,000) to USD 345,000 (BHD 130,000), signalling a bid to draw more foreign capital. The revised threshold broadens eligibility to property buyers, seasoned professionals, retirees and high-net-worth individuals, while retaining preferential residency perks. The move is part of a wider push to boost demand in luxury housing, foster long-term settlement, and position the country as an attractive hub for investment and living among Gulf nations.Read more

The Odisha Real Estate Appellate Tribunal (REAT) has rejected a public-sector bank's plea to auction a stalled housing project near Bhubaneswar. The project, mortgaged in 2014 for a loan of INR 4.6 crore, was taken over by the bank under the SARFAESI Act after repayments stopped, and auction notices were issued in 2020. Homebuyers had already paid significant amounts but never received their flats. REAT ruled that once the bank assumed control, it effectively became the promoter and remained bound by RERA regulations. The tribunal directed ORERA to find a way to complete the project, offering long-awaited relief to affected allottees.Read more

Bengaluru's civic authorities have introduced a rule requiring plinth-line marking and a foundation certificate before any construction can begin. Approved plans must be digitally accessible to ward engineers and field staff for verification, and inspections will monitor compliance. A formal complaint and inspection system has been established for unauthorised construction. Confirmed violations trigger time-bound demolition orders, with costs charged to property owners. Officials allowing illegal construction face departmental action, and appeals will not delay enforcement unless a court stay is obtained, aiming to ensure orderly and transparent urban development.Read more