Gurugram's premium real estate sector is booming, even as national housing sales decline. Driven by strong infrastructure, seamless connectivity, and growing buyer interest, luxury projects along Golf Course Extension and SPR are seeing record-breaking demand. Trump Residences sold out in hours, while DLF's Privana North was fully booked during its soft launch. Despite a nationwide sales dip, Delhi-NCR posted 16% growth, led by Gurugram's vibrant launch pipeline. With branded homes and gated communities becoming the norm, the SPR corridor is fast emerging as the city's most sought-after real estate zone. Gurugram is no longer a satellite city-it's setting new benchmarks.Read more

Indian cricketer Shivam Dube has purchased two luxury apartments worth INR 27.5 crore in DLH Enclave, Oshiwara, Mumbai-spanning over 9,600 sq ft, including a 3,800 sq ft balcony. The deal was registered earlier this month with a INR 1.68 crore stamp duty. DLH Enclave is an ultra-premium complex, home to celebrities like Kapil Sharma and the late Irrfan Khan. The Oshiwara-Lokhandwala belt is a long-standing hub for entertainment industry professionals, known for upscale projects like Windsor Grand and Raheja Classic. With major redevelopment underway, led by builders like Puravankara and Rustomjee, the area is rapidly transforming into a modern luxury residential hotspot.Read more

Adani Group, Vedanta, Dalmia Bharat Cement, and Suraksha Group-controlled Jaypee Infratech have submitted resolution plans to acquire debt-laden Jaiprakash Associates Ltd (JAL), which is undergoing insolvency proceedings under NCLT's Allahabad Bench. JAL owes nearly INR 57,185 crore and must be resolved as a single entity. Patanjali Ayurveda, though shortlisted, did not bid. JAL's assets include major real estate projects like Jaypee Greens and Wishtown, hospitality properties, non-operational cement plants, and toll and power interests. Each bidder brings a unique strategic angle, with cement, real estate, and infrastructure assets attracting industry-wide attention. The outcome will shape the future of JAL's diverse portfolio.Read more

The Odisha High Court has ordered the Cuttack district administration to submit an immediate status report on over 700 structurally unsafe buildings across the city. The directive follows rising safety concerns in densely populated zones like Nimchouri, Nayasarak, and Buxi Bazar. A joint task force has identified 12 high-risk buildings needing urgent action, with the Sub-Collector instructed to act under the Bharatiya Nagarik Suraksha Sanhita, 2023. The court demanded an updated affidavit on survey progress and remedial measures. Despite surveys proposed as early as 2010, sustained action has lagged-prompting the court's push for accountability amid incidents of collapses and near-misses.Read more

The Bhopal Municipal Corporation has flagged over 1,200 buildings as structurally unsafe-up from 450 last year-prompting evacuation notices to around 700 households, especially in old city areas like Aishbagh. Legal disputes over property rights and political pushback have stalled repairs and demolitions, even as monsoon risks loom. Many unsafe buildings obstruct stormwater channels or sit atop drainage lines, worsening flood management in a city already prone to waterlogging. Experts warn that unchecked urbanisation and encroachments over historical water bodies have left Bhopal ill-equipped for seasonal rains. Despite annual warnings, slow enforcement and infrastructure neglect continue to hinder meaningful action.Read more

The Himachal Pradesh government has appointed retired IAS officer R D Dhiman as Chairman of the state's Real Estate Regulatory Authority (RERA), filling a leadership vacuum since December 2024. Dhiman, a former Chief Secretary and Chief Information Commissioner, is expected to restore efficiency and oversight. Former IAS officer Amit Kashyap has also been appointed as a RERA member. Their appointments aim to boost transparency, project approvals, and homebuyer protection amid rising real estate activity in cities like Shimla and Dharamshala. These strategic moves signal the state's commitment to strengthening real estate governance under the Real Estate (Regulation and Development) Act, 2016.Read more

MO Alternates, the alternative investment arm of Motilal Oswal, has fully exited all 14 investments under its India Realty Excellence Fund II (IREF II), realising INR 1,050 crore and delivering an 18.3% gross IRR. Launched with a INR 489 crore corpus, IREF II focused on structured capital in mid-income housing projects across urban centres. Including reinvestments, the fund deployed INR 680 crore. The exits, completed last week, underscore the firm's strong asset management and timely exit strategy.Read more

U.S. existing-home sales saw an unexpected, slight uptick in May, increasing by 0.8% month-on-month to a seasonally adjusted annual rate of 4.03 million units. However, the pace remains historically slow for this time of year, the weakest May performance since 2009. High mortgage rates, ranging between 6.6% and 6.9%, continue to strain affordability, especially for first-time buyers who only made up 30% of transactions. Inventory rose over 20% from a year ago to 1.54 million homes, while the median price hit a record USD 422,800. Despite more listings, affordability and borrowing costs remain key concerns for buyers and sellers alike.Read more

The Andhra Pradesh government has widened its relaxed building norms to benefit low-rise and small-scale construction projects. Developers can now mortgage 10% of their plot area or use affidavits for government land. Balconies up to 1.5 metres, mandatory CCTV, and clear road width and sewage plant placement norms have been established. TDR bonds will compensate for road widening, while licence validity extends to three years. Small buildings under 50 sqm can be approved for just INR-1. These reforms follow earlier streamlining efforts like single-window clearances and are targeted at reducing red tape and supporting affordable development.Read more

Mumbai, long regarded as India's most expensive housing market, has witnessed a slight improvement in affordability for the first time, following a cumulative 100 basis point reduction in the RBI's repo rate since February. Knight Frank India's latest Affordability Index reveals Mumbai's EMI-to-income ratio dropped to 48%, just below the 50% unaffordability threshold. While affordability improved across most major cities, Delhi-NCR saw a minor dip, and Bengaluru and Hyderabad remained unchanged. Experts believe the softer home loan rates will boost buyer sentiment and potentially drive up sales.Read more

Embassy Developments has signed a Joint Development Agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to launch a premium residential project spanning 1.6 million sq ft with around 1,000 units. Valued at INR 1,600 crore, this marks a major residential initiative post its merger and rebranding from Indiabulls Real Estate earlier this year. Whitefield remains a hotbed for housing demand, driven by proximity to IT hubs like TCS, IBM, and SAP, and home to projects like Prestige Raintree Park and Sobha Neopolis. With average rental yields at 4% and projected price appreciation of 25-30% by 2030, the area offers strong investment potential.Read more

Chembur is swiftly emerging as one of Mumbai's most promising growth corridors, propelled by the soon-to-be-operational Metro Line 2B that connects DN Nagar to Mandale. Spanning 23.6 km with 20 stations, this corridor enhances the suburb's accessibility to key business hubs and integrates it with Mumbai's wider infrastructure web. Supported by major road and rail networks, Chembur's mobility appeal is attracting homebuyers and investors alike. Property rates have already appreciated by 8% in the past year, and with Phase 1 of the metro nearing completion, a further price increase of 15-20% is anticipated.Read more

MHADA has slashed prices for 6,248 affordable homes in its Shirgaon and Khoni housing projects in Thane. The Shirgaon units now cost INR 19.28 lakh (down INR 1.43 lakh), while Khoni units are priced at INR 19.11 lakh (down INR 1.01 lakh). Available under a First-Come, First-Served model, the revised prices aim to boost homeownership. Separately, MBRRB is concluding its biometric survey of residents in Mumbai's transit camps. The survey, crucial for official registration, began in February. Non-participating residents risk being labeled unauthorized, risking eviction under MHADA Act Section 95(A)(3). The board urges full cooperation to avoid disqualification from future housing benefits.Read more

YEIDA has commissioned a detailed audit of 12 long-stalled housing projects by Jaiprakash Associates Ltd. (JAL) along the Yamuna Expressway, aiming to assess work progress, unit counts, and pending construction. The review, led by consultant firm Currie & Brown, is expected by mid-July. The stalled projects stem from a 2008 land allotment for a sports city, later cancelled in 2020 due to unpaid dues. The Allahabad High Court upheld YEIDA's move, instructing it to safeguard homebuyers' interests.Read more

The Supreme Court has ruled that builders must refund the purchase amount with agreed interest in case of delayed possession but are not liable to reimburse buyers' home-loan interest. The case involved a Mohali project where buyers withdrew due to a 2-3 year delay and sought both the refund with 8% contractual interest and their SBI loan interest. The Court allowed only the contractual interest, stating that developers are not responsible for buyers' private financing. The decision overturns earlier consumer forum rulings and affirms that builders' obligations stem from contracts and statutory terms-not from individual loan burdens taken by buyers.Read more

Actor R. Madhavan and his wife Sarita have leased their 4,182 sq. ft. luxury apartment in Signia Pearl, BKC, Mumbai, to BP Exploration for INR 6.5 lakh per month. The two-year lease, registered on June 11, totals INR 1.60 crore. Signia Pearl, developed by Sunteck Realty, is home to celebrities and top business figures. Located in the Bandra Kurla Complex-Mumbai's premium commercial hub and BFSI hotspot-the area sees high rental demand from senior executives.Read more