The state urban development department has named the Slum Rehabilitation Authority (SRA) and Dharavi Redevelopment Project (DRP) as special planning authorities for the 42.51-acre Jamasp Salt Pan land in Mulund East and the 8.5-hectare Kurla Dairy land. These parcels form part of the 256-acre land approved by the Centre for the Dharavi redevelopment, aimed at housing ineligible residents through rental units. Navbharat Mega Developers Pvt Ltd, the special purpose vehicle for the project, paid INR 320 crore for the Salt Pan land, which it took possession of earlier this year.Read more

The UK's Competition and Markets Authority (CMA) has officially closed its investigation into seven leading housebuilders Barratt Redrow, Persimmon, Taylor Wimpey, Bellway, Berkeley Group, Bloor Homes, and Vistry Group after accepting binding commitments to address concerns of possible anticompetitive conduct. The firms have jointly agreed to contribute GBP 100 million (USD 134 million) to affordable housing schemes, stop sharing confidential pricing information, and strengthen compliance systems. The CMA decided to close the case without concluding whether competition law had been breached, marking the end of a months-long inquiry.Read more

Blue Dart Express Ltd reported a 30.8% rise in standalone net profit to INR 79.5 crore for the quarter ended 30 September 2025, with revenue from operations at INR 1,549 crore. For the first half of FY26, profit grew 12.6% to INR 126.43 crore, while sales rose 7.2% to INR 2,991.25 crore. The company credited its growth to network expansion, automation, and last-mile delivery enhancements. Managing Director Balfour Manuel said Blue Dart remains poised to benefit from GST 2.0 and rising logistics demand. The firm also launched a Digital Account Opening platform and inaugurated a Green Integrated Ground Hub in Haryana, highlighting its focus on digitalisation, sustainability, and scalable logistics infrastructure.Read more

The Bombay High Court has overturned the de-registration of a Borivli West housing society federation, ordering restoration of its registration under the Maharashtra Cooperative Societies Act. The federation, registered in January 2018, had been de-registered following an appeal filed in April 2025-almost seven years later-by another society claiming ignorance of its registration. However, the federation presented evidence showing that the appellant society had earlier applied for membership, proving prior knowledge. Justice Amit Borkar ruled that false claims cannot justify condonation of delay, quashing the registrar's order. The court stressed that statutory authorities must act within the law, reinforcing accountability and truthfulness in cooperative society proceedings across Maharashtra.Read more

With the rise in natural calamities, safeguarding one's home through adequate insurance coverage has become essential. Choosing the right sum insured is a critical step in ensuring full financial protection against potential losses. The sum insured generally represents the cost required to rebuild the home, though insurers also offer market value or agreed value options. By including essential clauses such as reinstatement, market value, escalation, and indemnity basis, homeowners can achieve comprehensive coverage for both structure and contents, ensuring financial security during unforeseen events.Read more

Shriram Properties Ltd has entered into a joint development agreement with a landowner to develop a premium residential project in Hinjewadi, Pune, with an estimated gross development value (GDV) of around INR 700 crore. The project, spread across 0.7 million sq ft, will be the company's second venture in Pune. The firm, which recently entered into another similar agreement in North Bengaluru, continues to expand its footprint in key urban markets, supported by strong demand from the city's IT and industrial sectors.Read more

The long-awaited redevelopment of Rajaji Nagar in Thiruvananthapuram is set to begin its first phase under the National Smart Cities Mission. The initial block, costing INR 9 crore, features 32 two-bedroom apartments of about 600 sq ft each and is ready for opening next month. Designed for expansion up to six floors, the project will eventually house 48 families. Spread across 12.6 acres, the larger redevelopment will upgrade drainage, roads, parking, and community spaces. Despite earlier delays and relocation challenges, around 20 families have already moved into temporary housing. The project marks a key step toward modernising Rajaji Nagar while preserving its long-established community fabric.Read more

Pending home sales in the U.S. remained unchanged in September, as economic uncertainty and a weak labour market outweighed the benefits of falling borrowing costs. The National Association of Realtors reported no monthly change, following a 4.2% rise in August, while sales were down 0.9% year-on-year. Regionally, contracts fell in the Midwest and West, but rose in the South and Northeast. The average 30-year mortgage rate eased to 6.30%, yet affordability issues kept buyers cautious. Analysts cited the ongoing government shutdown, rising unemployment, and job cuts as key drags on sentiment. While refinancing surged, new home purchases lagged, underscoring a fragile housing recovery amid persistent economic headwinds.Read more

In a landmark judgment, the Telangana Real Estate Appellate Tribunal (TREAT) set aside a penalty imposed on Sanali Housing Projects Pvt. Ltd., ruling that the Telangana RERA Authority had exceeded its jurisdiction. The case, involving the Sanali Pinnacle project in Shaikpet, Hyderabad, arose from a dispute with the family of Mohammed Mushtaq, who had entered a joint development agreement with the developer. The Tribunal held that landowners in such projects are co-promoters under the RERA Act and therefore cannot file complaints as aggrieved parties. It also clarified that name boards or project listings without sales information do not constitute advertising. The INR 4.27 lakh penalty was quashed, and a refund ordered.Read more

Hong Kong home prices rose 1.3% month-on-month, marking the sixth consecutive monthly gain and the strongest increase since March 2024, according to the Rating and Valuation Department. The property-price index has now turned positive for the year, up 1.1% since December. This follows a sharp 30% decline from the 2021 peak, driven by high mortgage rates and weak demand. Recent rate cuts by major banks and relaxed housing curbs have begun to stabilise the market. Analysts suggest prices may have reached a bottom, though recovery will hinge on further interest rate cuts and an easing of U.S.-China trade tensions.Read more

M-SANVI Real Estate Pvt. Ltd., a Delhi-NCR-based property consultancy, launched its latest campaign, Ghar Sahi Milega Yahi, earlier this week. The initiative aims to bridge the trust gap between developers and buyers by offering reliable property guidance, digital consultations, and on-ground assistance in areas such as Uttam Nagar, Dwarka Mor, and Dwarka. Through the campaign, the company seeks to address issues like inflated prices and misleading listings while helping families find homes that align with their budgets and lifestyles.Read more

Vaishnavi Group has announced a new luxury residential project in Bengaluru with an estimated gross development value of INR 1,200 crore. The project, named Vaishnavi AT-One Krishna Brindavan, spans 4.95 acres and will feature 359 upscale homes, with prices starting at INR 3.5 crore. While the company has not disclosed the overall project cost, it emphasized Bengaluru's growing appeal among high-net-worth individuals, driven by the city's strong business environment and premium lifestyle offerings.Read more

The Thiruvananthapuram City Corporation has revived the long-delayed Poonkulam housing project, which had been stalled since 2008 due to financial constraints. Originally planned to deliver 120 houses under the BSUP scheme, only two floors were completed at a cost of INR 2.96 crore, with total expenses later estimated at INR 9 crore. The revised plan now targets 32 families, fully funded by the Corporation. Following a structural and stability audit by the College of Engineering, Thiruvananthapuram, a fresh tender will be issued. With an expected completion timeline of 18-24 months, the initiative aims to provide affordable housing and restore confidence in the city's ability to deliver long-pending BSUP projects.Read more

Arvind SmartSpaces Ltd, a part of the Lalbhai Group, has entered the Vadodara residential market through a new joint development project valued at over INR 700 crore. The large-scale horizontal project marks the company's 23rd development in Gujarat, underscoring its focus on strengthening its state-wide presence. The company said the initiative aligns with its expansion strategy into high-potential markets, with further projects expected across Gujarat, Bengaluru, and the Mumbai Metropolitan Region amid a sustained positive outlook for India's real estate sector.Read more

The National Company Law Appellate Tribunal (NCLAT) has held that genuine allottees of Today Homes Noida developer of the Ridge Residency project in Sector 135, Noida whose payments are recorded in the company's books cannot be denied claim rights simply because they applied after the 90-day window under the corporate insolvency resolution process (CIRP). The tribunal directed the successful resolution applicant to issue an addendum and include such late-filed claims within 30 days, treating them on par with other homebuyers in the same class. The earlier National Company Law Tribunal (NCLT) bench had dismissed these claims as time-barred.Read more

Realty firm Shriram Properties Ltd has entered into a joint development agreement with a landowner to build a premium row-houses project on a 7-acre site in North Bengaluru, estimating a gross development value (GDV) of about INR 600 crore. The project is set to launch in the next financial year and is positioned in the Yelahanka area, near an upcoming biodiversity park. The company already has delivered 48 projects with 28.3 million sq ft of saleable area and maintains a pipeline of 39 projects totaling 36 million sq ft of development potential.Read more

To improve affordable housing availability, the Haryana government has introduced a new housing policy mandating that private developers in licensed residential colonies reserve 20% of plots and 15% of flats for economically weaker sections (EWS). The rule covers both plotted and group-housing projects approved under the state's town and country planning framework. EWS plots will range from 50 sq m to 125 sq m, priced at INR 600 per sq m, while flats between 200 sq ft and 400 sq ft will be priced up to INR 1.5 lakh. The Housing for All department will now oversee allotments digitally, with a mandatory five-year lock-in to prevent early transfers.Read more

Experion Developers has appointed Tata Projects as the main contractor for its luxury residential development, 'The Trillion', in Gurugram. The construction deal, valued at over INR 800 crore, forms part of a wider investment estimated at around INR 2,500 crore for the entire 25 lakh sq ft project. The company, a wholly owned subsidiary of Experion Holdings Pte Ltd, Singapore, is part of the AT Capital Group, which has a global footprint spanning real estate, renewable energy, structured credit, and public markets.Read more

U.S. existing home sales reached a seven-month high in September, driven primarily by higher-priced properties. Mortgage rates fell to one-year lows, but demand for new purchase loans remains modest, with many homeowners refinancing instead. Inventory increased by 14%, offering buyers more choice, though levels are still below pre-pandemic norms. First-time buyers accounted for 30% of sales. Economic uncertainty, a cautious labor market, and government shutdown-related delays continue to limit broad-based growth. Affordability challenges persist, particularly for lower and middle-income households, shaping the housing market.Read more

Sobha Ltd is preparing to introduce several new residential and commercial projects across key Indian markets to capitalise on sustained housing demand. The company, which currently holds unsold inventory worth around INR 13,000 crore, recorded significant sales growth in the recent quarter. With a pipeline of nearly 16 million sq ft for future launches and unrecognised revenue exceeding INR 18,000 crore, Sobha aims for strong pre-sales performance in the ongoing fiscal year.Read more