Category: Latest Stories

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Latest StoriesResidential

Housing Sales Drop 14% in Major Cities: Report

NEW DELHI: Housing sales in the top seven cities experienced a 14% decline year-on-year, totaling approximately 3.96 lakh units in 2025, according to a report from the Indian Chamber of Commerce (ICC) and Anarock. Despite the drop in sales volume, the overall transaction value grew by 6%, exceeding ₹6 lakh crore. This trend highlights a significant shift in urban housing demand. After a period of stagnant price growth from 2015 to 2019, residential prices surged nearly 54% from 2019 to 2024 due to post-pandemic recovery, infrastructure enhancements, and consolidation among major developers. In 2025, price growth moderated to an estimated…

Latest StoriesResidential

Pune stamp duty collections surpass ₹7,100 crore in 2025

NEW DELHI: In 2025, Pune’s real estate market achieved over ₹7,100 crore in stamp duty revenue, marking its highest level in four years, according to Knight Frank India. Although property registrations dipped slightly, they still totaled 1,85,657 for the year, a 2.3% decrease compared to the previous year. Despite this, stamp duty collections saw a minor increase of 0.3%, reaching ₹7,119 crore, reflecting a consistent demand for high-value homes. In December 2025, property registrations plummeted 30% year-on-year to 12,079 units, while stamp duty revenue dropped by 28%. However, this significant decline is attributed to a high base from December 2024.…

InfrastructureLatest Stories

Delhi Government Aiming to Boost Slum Residents’ Living Standards

NEW DELHI: On Republic Day, Delhi Chief Minister Rekha Gupta hosted a lunch for slum residents at her residence, ‘Jan Sewa Sadan,’ and inaugurated development projects worth ₹327 crore in Jhuggi Jhopri (JJ) clusters. During the event, she reaffirmed her government’s dedication to the development of these areas, announcing an allocation of ₹144 crore for various initiatives. The Delhi government has granted administrative approval of ₹225 crore for the construction of 476 public convenience complexes, with ₹81 crore already issued for 214 projects, according to a statement from the Chief Minister’s Office (CMO). Additionally, administrative approval of ₹102 crore has…

Latest StoriesResidential

HNIs Expect India’s Luxury Housing Market to Cool by FY27

NEW DELHI: A recent survey by property consultant India Sotheby’s International Realty indicates that demand and prices for luxury homes may decline in major cities in the upcoming fiscal year, with 56% of wealthy respondents agreeing. The survey, conducted amongst nearly 700 high net worth individuals (HNIs) and ultra HNIs, aimed to evaluate their perspectives on India’s economic growth, investment strategies, and the luxury housing market. In its report, ‘The India Luxury Residential Outlook 2026’, released on Sunday, India Sotheby’s International Realty (ISIR) revealed that 67% of HNIs and UHNIs remain optimistic about India’s economic prospects despite facing global challenges.…

CommercialLatest Stories

Gurugram: DTCP Issues Notice to Developer After License Lapse

GURUGRAM: The Directorate of Town and Country Planning (DTCP) has issued a regulatory notice to a developer for alleged non-compliance with regulations relating to a commercial colony project in Sector 65. The developer received licenses in 2011 and 2012 for a 3.2-acre project within the Badshapur revenue estate, part of the Gurgaon-Manesar Urban Complex. These licenses expired in January 2019 and February 2020. The developer did not apply for renewal in the specified timeframe, nor did they submit the required renewal fee and accompanying documentation. The department has pointed out the failure to transfer land designated for master plan roads…

InfrastructureLatest Stories

3,400 Bighas Allocated for Chandigarh City Project in Baddi

SHIMLA: A total of 3,428 bighas of land has been earmarked for residential development in the proposed Him Chandigarh City at Baddi, located in the Solan district. Additionally, around 5,000-6,000 bighas from the common pool have also been identified for the project. This information was disclosed during a cabinet sub-committee meeting held on Thursday, led by Himachal Revenue Minister Jagat Singh Negi, which aimed to assess the progress of the Him Chandigarh City initiative. Housing and Town and Country Planning Minister Rajesh Dharmani was also present. Solan Deputy Commissioner Manmohan Sharma provided a comprehensive update on land availability and revenue…

InfrastructureLatest Stories

MDDA Recovers 10,000 Bighas of Encroached Land in Dehradun

Representative AI image DEHRADUN: The Mussoorie Dehradun Development Authority (MDDA) has reported that it removed encroachments from over 10,000 bighas in Dehradun and sealed more than 1,000 illegal constructions in the last three years. Officials characterized this initiative as the most comprehensive and decisive campaign against unauthorized construction and plotting within its jurisdiction. “This action is not only historic in scale but has also instilled fear among those participating in illegal activities and rule violations,” stated MDDA vice-chairperson Bansidhar Tiwari. Officials noted that illegal constructions are regularly identified, leading to strict legal enforcement through sealing and demolitions. Tiwari emphasized that…

IndustryLatest Stories

13 Builders Fined for Water Extraction; Noida Claims Legality

NOIDA: Contradictory statements have surfaced from the Uttar Pradesh Pollution Control Board (UPPCB) and Noida Authority in two separate affidavits filed with the National Green Tribunal (NGT) regarding a plea for action against builders for illegal groundwater extraction in Greater Noida. The case is set for hearing on Tuesday. In an affidavit dated January 23, UPPCB referenced a letter from the Greater Noida Authority imposing a penalty of 1% of the project cost on 22 builders. Conversely, Noida Authority’s affidavit from January 24 stated that 13 of the builders purchased 3.80 lakh KL of STP-treated water worth Rs 19 lakh…

IndustryLatest Stories

Illegal Ads Removed from Barricades in Noida Sector 150

NOIDA: A commercial plot in Sector 150, where software engineer Yuvraj Mehta drowned on January 16, is now under scrutiny for civic lapses. The plot’s owner, Wiztown Planners, claims that the Noida Authority ordered the removal of barricades at the site in July 2021. “The area was previously barricaded. The Noida Authority intervened and instructed Wiztown to take down the barricades, which included advertisements for their project named Artham,” Wiztown’s counsel stated to TOI on Monday. Last week, Wiztown’s director, Abhay Kumar, was arrested and named in two FIRs—one for culpable homicide not amounting to murder and negligence, and the…

IndustryLatest Stories

What Real Estate Stakeholders Want from Budget 2026

NEW DELHI: With the Union Budget 2026 on the horizon, real estate developers and stakeholders are advocating for policy changes aimed at enhancing housing affordability, increasing liquidity, rationalizing taxes, and fostering long-term urban development. They are urging revisions in homebuyer incentives, adjustments in GST, and support for institutional capital and infrastructure initiatives to alleviate demand-side stresses and supply-side constraints. Industry leaders suggest that Budget 2026 is a key moment to realign housing policies with the realities of escalating land and construction costs, shifting buyer preferences, and the expanding role of real estate in India’s economic growth. Pradeep Aggarwal, the founder…