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The Union Housing and Urban Affairs Ministry has approved the construction of over 1.41 lakh new homes under the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0), taking the total number of sanctioned houses under the scheme beyond 10 lakh. The new projects cover 14 states and Union Territories, including Assam, Gujarat, Rajasthan, Tamil Nadu, and Uttar Pradesh. The ministry emphasized that these projects should be developed in areas with proper infrastructure, roads, and public transport. PMAY-U 2.0 also focuses on inclusivity, supporting vulnerable sections and promoting women's empowerment through joint or female-headed ownership of houses.Read more
Nikhil Nanda, son-in-law of Amitabh Bachchan and Chairman of Escorts Kubota Limited, has bought a luxury apartment in Juhu, Mumbai, for around INR 28 crore. The 3,550 sq ft apartment, part of K Raheja Corp's Maestro project, includes three parking spaces and a terrace, and the sale was executed through his sister Nitasha Nanda. The project, set for completion by the end of 2026, spans 1 lakh sq ft and offers panoramic views of Juhu Aerodrome and the Arabian Sea, catering to high-net-worth individuals and Bollywood personalities.Read more
The Delhi Development Authority (DDA) has opened registrations for its latest project, DDA Towering Heights in Karkardooma, East Delhi, from 31 October to 21 November. The first phase offers 1,026 premium 2BHK apartments priced between INR 1.78 crore and INR 3.09 crore, ranging from 142 to 250 sq m. Standing 155 metres tall with 48 storeys, it will be the tallest building in Delhi and part of the East Delhi Hub, a 30-hectare mixed-use development. Strategically located near Karkardooma Metro Interchange, the project offers excellent connectivity. Nearing completion under the Transit-Oriented Development initiative, handover is scheduled for July 2026.Read more
A technical team from the Kerala Coastal Zone Management Authority (KCZMA) recently conducted a detailed inspection at the sites in Maradu, Kochi, where apartment complexes had been demolished following Supreme Court orders. The visit aimed to review compliance with Coastal Regulation Zone (CRZ) norms, assess post-demolition land restoration and evaluate the ecological health of the adjoining water bodies. A comprehensive report will soon be presented to the central and state governments.Read more
Realty developer House of Hiranandani has announced its plans to invest about INR 500 crore in a new commercial project located in Andheri East, Mumbai. The company, known for its large-scale residential and commercial developments, has recently acquired a one-acre plot for this purpose. The project will feature a premium-grade commercial tower with a total leasable space of nearly 4 lakh sq ft. With this investment, the company intends to strengthen its foothold in Mumbai's rapidly evolving office market.Read more
South India's real estate market has shown notable resilience this year, led by Bengaluru, Chennai, and Hyderabad. Strong developer confidence, steady office space absorption, and increasing demand for premium homes above INR 1 crore are shaping the region's property growth. The market is also supported by infrastructure improvements such as expanding metro lines, smart city projects, and sustainable urban planning. South West Bengaluru, supported by the Metro Purple Line and the Peripheral Ring Road, has recorded 15-21 percent price appreciation over the past year, with areas like Kengeri, Banashankari, JP Nagar, and Mysore Road seeing strong buyer interest.Read more
Signature Global (India) Ltd. has made a remarkable entry into the Global Real Estate Sustainability Benchmark (GRESB), achieving a score of 84 and full marks in Leadership and Governance. The company's commitment to sustainability is evident through its transparent ESG framework, environmental policies, and responsible development practices. Its efforts have also been acknowledged through multiple industry awards celebrating its innovation, eco-friendly developments, and leadership in sustainable real estate.Read more
The Maharashtra government's 'Fourth Mumbai' initiative, centred around the Vadhavan Port region, is reshaping Vasai into a key hub of urban and economic growth beyond Greater Mumbai. Backed by large-scale infrastructure projects, including the Mumbai Metro extension, the Bullet Train corridor, and new road networks, Vasai is transitioning from a peripheral suburb into a planned, sustainable urban zone attracting strong private real estate investments and infrastructural innovation.Read more
New Zealand's central bank will relax mortgage LVR rules from December, allowing banks to lend a higher proportion of loans to buyers with deposits under 20%. Acting Assistant Governor Angus McGregor highlighted that the move will improve credit access, especially for first-time homebuyers, while supporting market efficiency. House prices are now roughly 16% below their 2021 peak, with moderate lending growth and limited high-risk lending. Debt-to-income restrictions introduced last year will remain, helping maintain borrower resilience and moderating the potential impact of future housing market adjustments.Read more
The National Real Estate Development Council (NAREDCO) has announced its new leadership, appointing Parveen Jain as President and Niranjan Hiranandani as Chairman. Jain, the founder and Managing Director of Tulip Infratech, assumes the role for the second time after previously serving from 2015 to 2017. He highlighted NAREDCO's commitment to transparency, progressive policy reforms, and sustainable growth aligned with India's economic priorities. Hiranandani, Co-Founder and Managing Director of the Hiranandani Group, expressed confidence in Jain's leadership, emphasizing NAREDCO's ongoing role in strengthening collaboration between the government and real estate developers while supporting industry credibility and national development objectives.Read more
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Shapoorji Pallonji Real Estate (SPRE) has partnered with Fortis Memorial Research Institute (FMRI) to provide comprehensive healthcare services to residents of its Gurugram projects, Joyville Gurugram and The Dualis. SPRE will supply infrastructure while FMRI will handle medical centres, staffing, and equipment. Residents will receive a range of complimentary services including vitals monitoring, first aid, injections, dressings, and fortnightly internal medicine consultations, along with discounts on diagnostics, health check-ups, and IPD services at Fortis Gurugram. Emergency ambulance support is also included, reflecting SPRE's commitment to integrating healthcare into community living.Read more
South Korea has imposed stricter mortgage limits on first-time buyers in Seoul and nearby areas due to rising apartment prices. Borrowing is now limited to 40% of a property's value, down from 70%, and the maximum loan is capped at 600 million won (around USD 421,000), regardless of income. These are the third set of restrictions since President Lee Jae Myung took office, targeting worsening affordability in the capital. With a price-to-income ratio of 21.3, Seoul now surpasses London and Sydney, highlighting the pressing challenges for new buyers in the city.Read more
The Fourth Mumbai initiative by the Maharashtra government is transforming urban development beyond central Mumbai, positioning Vasai as a key beneficiary. Major infrastructure projects like the Vasai-Virar elevated corridor, Metro Line 13, and the Vasai-Diva-Panvel railway extension are improving connectivity and easing travel to Mumbai and the upcoming Navi Mumbai International Airport. Alongside road upgrades, high-speed rail proposals, and port development, Vasai is attracting private real estate investments. Strategic planning, upgraded civic amenities, and industrial facilities are helping the suburb evolve into a sustainable economic, residential, and commercial hub.Read more
Goregaon is emerging as one of Mumbai's most dynamic real estate hubs, driven by cluster redevelopment projects that go beyond traditional building upgrades. Modern 2BHK and 3BHK apartments, lifestyle amenities, and preserved green spaces are reshaping the suburb for young families, working professionals, and investors. Improved connectivity through extended railway lines, metro expansions, and new link roads enhances accessibility and property value. Integrating residential, social, and commercial infrastructure, these projects embody holistic urban renewal, balancing growth with lifestyle convenience and retaining the area's unique film industry heritage.Read more
Rustomjee Group (Keystone Realtors Ltd.) has launched special festive offers across its luxury and premium residential projects in the Mumbai Metropolitan Region, allowing homebuyers to book by paying just 20% upfront. The remaining amount is linked to construction milestones through flexible plans like 20-80 and 20-30-50, easing financial pressure on buyers. Dr. Rakesh Setia, President of Sales, Marketing and CRM, said the initiative aligns with festive optimism and long-term investment goals. Early buyer response has been positive, reflecting growing confidence in Rustomjee's transparent and customer-focused approach. The limited-time offer aims to make homeownership more accessible and stress-free this festive season.Read more
Mumbai's ever-evolving skyline mirrors its unyielding ambition, yet behind the glitz lies a real estate sector grappling with financial unpredictability, policy instability, and bureaucratic hurdles. Despite contributing significantly to India's GDP, developers face higher borrowing rates, fluctuating premiums, and prolonged approval processes. Experts have urged the formal recognition of real estate as an industry, alongside regulatory stability, transparent approvals, and full digitisation to ensure investor confidence and market reliability in the long run.Read more
The South Goa District Administration appealed to people to notify municipal or block development offices about visibly deteriorating or structurally weak buildings to prevent risk to life and property. The collector stressed that owners bear primary responsibility for maintenance and warned against inhabiting such premises. In emergencies, residents were directed to contact the Collectorate's control room. The move underscores growing concern over building safety in the region and aims to promote proactive citizen vigilance.Read more
Signature Global (India) Ltd., a prominent real estate developer, expanded its global outreach through an exclusive showcase held in New Jersey earlier this week. The event, led by Director Bharti Aggarwal, brought together Non-Resident Indian (NRI) investors and customers, presenting Signature Global's flagship Gurugram projects. The session aimed to strengthen engagement with overseas homebuyers, reflecting the company's commitment to design excellence, transparency, and sustainable development.Read more
Omaxe Limited has received a three-year extension from the Patiala Development Authority (PDA) to complete its integrated township at Baran village, Patiala, following the return of 60 acres of land to the government. The township, launched under a public-private partnership in 2006, faced a 13-14 year-long dispute after the developer received a termination notice in 2011 for non-compliance. Around 500 allottees had already built homes. The extension allows Omaxe to resume development and maintenance, ensuring better amenities and services for residents.Read more
Max Estates Limited, a leading developer based in the NCR, has secured a dual 5-star rating in the 2025 Global Real Estate Sustainability Benchmark (GRESB), scoring a perfect 100 in the Development category and 92 in Standing Investments. The company ranked first globally among its peers, placing it within the top 20 per cent of real estate entities worldwide for its Environmental, Social and Governance (ESG) performance, anchored in its LiveWell and WorkWell philosophy.Read more
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