Keystone Realtors Ltd has secured a significant cluster redevelopment project in Andheri West, one of the city's most sought-after residential neighbourhoods. The developer has been appointed by eight housing societies for the redevelopment of a 4.75-acre parcel that currently houses 548 members. With development agreements already executed with five societies and Letters of Intent (LoIs) from the remaining three, the project is projected to create 10.6 lakh sq ft of saleable area, generating an estimated Gross Development Value (GDV) of INR 3,000 crore. This marks a major step in Keystone's strategy to strengthen its presence across high-potential suburban micro-markets in Mumbai.Read more

Odisha has launched a comprehensive reform to strengthen real estate regulation under the Odisha Real Estate Regulatory Authority (ORERA), following recent court directives and ongoing compliance issues. The state has mandated that all planning and development authorities must now relay project approval data to ORERA in real time, with full digital integration through platforms like Bhulekh and SUJOG. Enforcement has been overhauled to include monthly violation targets, inter-agency crackdowns, and recovery of penalties under the OPDR Act. The move builds on a series of High Court rulings that have reshaped buyer protections across the state, ushering in a more transparent and accountable real estate landscape.Read more

Thiruvananthapuram has emerged as Kerala's fastest-growing real estate hub, surpassing even Ernakulam in residential unit registrations under the Kerala Real Estate Regulatory Authority (K-RERA). The city registered 2,987 units in the past year, driven by increased demand from Non-Resident Indians (NRIs), IT professionals, and those returning to settle in their home state. Strong infrastructure, a thriving IT sector, accessible healthcare and education, and upcoming mega projects like Technocity and K-Space Park have made the capital city a preferred destination. Urban rejuvenation projects like the Smart City redevelopment are further enhancing liveability, offering both housing and long-term investment appeal.Read more

Odisha's housing department launched a vigorous campaign this past week to accelerate the verification of beneficiary-led PMAY-U 2.0 applications, which have been processing at a disappointing pace. With over 82,000 applications submitted since January, fewer than 17% have been verified and just 14.5% forwarded as proposals. The state has now instructed urban local bodies to boost public awareness in areas lagging behind and expedite both verification and sanctioning. The department is also ensuring that work orders follow quickly for approved units.Read more

Mumbai recorded 11,521 property registrations in June 2025, a 1% dip from previous year, yet revenue from these registrations rose to 2% by INR 1,031 crore. For the first half of 2025, total property sales reached 75,982 units, a 5% increase, with revenue surging 15% to INR 6,727 crore, marking the strongest half-yearly performance since 2013. June saw a buyer shift towards properties above INR 5 crore, increasing to 6% of registrations. Apartments up to 1,000 sq ft continued to dominate, representing 84% of transactions. Western and Central Suburbs accounted for 88% of registrations, while South Mumbai's share decreased to 6%.Read more

The Telangana government has changed its approach to urban housing by introducing G+3 Indiramma apartments directly within slum areas across Hyderabad and other cities. This shift comes after the previous model of relocating beneficiaries to the outskirts led to a low occupancy rate only 13,000 out of 42,000 flats were occupied. Sixteen slums in Hyderabad are part of the initial rollout, with Warangal, Nizamabad, Mahbubnagar, Nalgonda, and Karimnagar also identified for the vertical in-situ model. The government is also providing housing to tribal communities and has implemented support measures like free sand, discounted cement proposals, and INR 5 lakh unit grants to push stalled 2BHK completions.Read more

Bollywood actor Randeep Hooda has acquired a 1,530 sq ft apartment in Versova, Andheri West, Mumbai, for INR 5.63 crore. The transaction was registered on June 10, 2025, with stamp duty of INR 33.78 lakh and a registration fee of INR 30,000 paid. This purchase is part of a trend of celebrity real estate investments in Mumbai's luxury market, with other public figures also recently acquiring properties in the dynamic Andheri West area.Read more

A Vadodara-based developer was ordered by the State Consumer Disputes Redressal Commission earlier this week to refund INR 28.42 lakh along with 12 percent interest for failing to deliver a flat booked in 2012 with possession promised by 2016. The buyers had paid INR?6?lakh via cheque and INR 22.42 lakh through a bank loan that was prematurely disbursed. Their 2019 complaint cited deficiency of service and unfair trade practices. The commission also awarded INR 50,000 for mental anguish and their advocate confirmed that an execution application has been filed since the builder hasn't complied.Read more

The Noida Authority is challenging a state government order that lets Gardenia Aims Developers use auction proceeds from 122 sealed flats to meet its 25% upfront payment for dues on a stalled Sector 46 project. The May 29 directive also allows the restoration of a 150-acre commercial plot without fees. The Authority claims this contradicts its December 2023 policy, which requires builders to deposit dues first for relief eligibility. Gardenia owes INR 692 crore and hasn't paid the demanded INR 140.5 crore. The issue is now in court, with the Authority seeking a policy review to ensure alignment with its stalled project resolution framework.Read more

Property registrations in Mumbai municipal limits recorded a slight decline for June, closing at approximately 11,600 units, as per data released by Knight Frank India. The final tally reached 11,586 registrations by 8:15 pm on June 30, slightly below the 11,673 units recorded in June 2024. The figures encompass transactions from both the primary and secondary markets, reflecting the overall residential activity within the Brihanmumbai Municipal Corporation (BMC) jurisdiction.Read more

The Delhi Development Authority has announced a new residential plot auction for 118 plots in Sector D6, Vasant Kunj, a premium south Delhi locality developed by the agency in 2010. The move is part of a larger initiative to upgrade internal infrastructure and resolve long-standing parking issues. A specialised agency will be hired to demarcate plots and revamp roads, stormwater drains, and pipelines. Additionally, surface parking will be constructed for around 1,904 flats across four blocks. The entire project is expected to be completed within a year of awarding the contract and will follow strict CPWD and environmental norms.Read more

The Odisha High Court has passed a series of important rulings that have boosted homebuyer protection and tightened rules for developers. These include stopping illegal use of common areas, enforcing ORERA's rule on defect liability funds, and questioning approvals granted by BDA after its authority shifted to BMC. The court also addressed issues around phasing and buyer associations in large projects. These decisions, along with a recent Supreme Court ruling on property ownership, are expected to improve transparency, prevent misuse by builders, and ensure legal clarity. Together, they mark a turning point for Odisha's real estate sector and strengthen buyer confidence.Read more

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a state-level verification drive of over 3,600 occupancy certificates (OCs) submitted by developers across the state. This move aims to detect and prevent fraudulent practices, particularly in the aftermath of the Kalyan-Dombivli scam, where fake approvals had led to the demolition of illegal buildings. Planning authorities have been given a 10-day window to verify the authenticity of OCs, and their silence will be taken as confirmation. However, if certificates are later found to be false, the responsibility will rest with them. So far, only 136 OCs have been verified, revealing inefficiencies in the coordination between planning bodies and the regulator.Read more

Authorities in Pune have started relocating 34 tribal families from Pasarwadi, a landslide-prone village near Malin, after soil cracks and a recent rockfall blocked their only road. The tehsil office has secured two acres of safer land, guided by Geological Survey recommendations. Financial aid for new homes is being arranged through state and central housing schemes, with additional CSR support. So far, 18 families have homes under the Gharkul scheme; remaining construction will start post-monsoon. Residents welcomed the move but raised concerns about water shortages and lack of basic facilities. The relocation echoes past efforts after Malin's deadly 2014 landslide.Read more

Bollywood actor Jeetendra Kapoor and daughter Ekta Kapoor have sold their apartment in Mumbai's Omkar 1973 Worli project for INR 12.25 crore, or about INR 57,000 per square foot. The 2,149 sq ft flat includes two parking spaces and was officially registered on June 8, 2025. The Kapoors had bought it in 2017 for INR 11.52 crore. Omkar 1973 is a luxury residential project that has faced legal hurdles, including a stay order on new flat sales due to pending rent disputes with displaced residents. Despite this, resale activity continues. As of late 2021, less than half of the project's 136 launched apartments have been booked.Read more