Latest StoriesResidential

Karnataka Eases Occupancy Rules for 30×40 Rural Homes

BENGALURU: In a significant development for farmhouse and newly-constructed property owners in rural Karnataka, the government announced on Wednesday that certain types of houses under gram panchayat (GP) limits will be exempt from obtaining an occupancy certificate (OC). Officials from the rural development and panchayat raj (RDPR) department clarified that this exemption pertains to newly-built residential structures on 30×40 sqft plots in rural areas falling under gram panchayat jurisdiction. This change will be implemented immediately. The RDPR notification indicated, “Residential buildings that consist of a ground floor plus two additional floors (G+2) or stilt plus three floors (Stilt+3), constructed on…

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Telangana Registrations Drop 50,000, Revenue Rises ₹500 Crore

HYDERABAD: Despite the state’s government initiatives to boost the struggling real estate sector, including freezing market value revisions and fostering a more favorable developer sentiment, the industry still faces significant challenges. Registrations have sharply declined, dropping by approximately 50,000 documents in the 2025-26 financial year compared to the previous year (up until December). Although there has been a slight rise in total revenue, it remains well below the target of Rs 19,100 crore. For the fiscal year 2024-25, the registration and stamps (R&S) department generated Rs 14,230 crore in revenue. According to sources from the R&S department, their revenue target…

Latest StoriesResidential

Karnataka Housing Board Cautions Public on Fake Site Sales

Representative AI image BENGALURU: The Karnataka Housing Board (KHB) has issued a public notice warning against the purchase of sites in the Suryanagar Phase-4 housing project using ‘plot selection letters.’ These transactions are deemed illegal and may result in potential fraud and financial losses. The KHB Housing Commissioner clarified that the total area acquired consists of 1,498 acres and 39 guntas (1 acre = 40 guntas) across Indlawadi, Kadujakkanahalli, and Bagganadoddi villages in Anekal taluk, Bengaluru Urban district. This land was obtained under section 6(1) of the Land Acquisition Act for the development of Suryanagar Phase-4 residential layout. The project…

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Veegaland Developers Files ₹250-Crore IPO with Sebi

NEW DELHI: Veegaland Developers, a real estate firm under the V-Guard group, has submitted draft papers to market regulator Sebi to raise ₹250 crore through an initial public offering (IPO) aimed at fueling its expansion efforts. This IPO is a completely new issue of shares, with no Offer-for-Sale (OFS) element, as detailed in the draft red herring prospectus (DRHP) submitted on Tuesday. Funds from the IPO will be allocated to cover part of the ongoing and upcoming project costs, estimated at ₹111.60 crore, alongside ₹18.49 crore earmarked for purchasing specific land parcels for residential projects. The remainder will be utilized…

Latest StoriesResidential

Mumbai property registrations rise 6% to 1.5 lakh in 2025

NEW DELHI: Property registrations in Mumbai’s municipal region increased by 6% in 2025, totaling 150,231 units, marking a 14-year high due to improved demand. On Wednesday, real estate consultant Knight Frank India reported that Mumbai (under BMC jurisdiction) experienced its best housing market performance in 14 years in 2025. Citing state government data, Knight Frank noted that property registrations in the Mumbai municipal region reached 150,231 units in 2025, up from 141,202 in 2024. In December 2025, a total of 14,424 properties were registered, reflecting a 16% increase from 12,418 units registered in December of the previous year. Residential properties…

Latest StoriesRegulatory

Insolvency Cases Surge, Straining NCLT amid Infra Issues

NEW DELHI: The Insolvency and Bankruptcy Code (IBC) framework in 2025 faced increasing stress on timelines and capacity, with resolution processes often extending beyond statutory deadlines. This scenario persists despite the National Company Law Tribunal’s (NCLT) efforts to manage its limited resources. Senior advocates and legal experts have raised alarms over systemic delays, indicating that nearly 10,000 cases remain stuck at the admission stage, with over Rs 10 lakh crore in distressed assets at stake. Additionally, nearly 24 out of 30 NCLT courts are operating on half-day schedules. The delays can be attributed to a combination of limited capacity, repeated…

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RBI Report: Creditors Recovered ₹4 Lakh Cr via IBC by Sept 2025

MUMBAI: According to a Reserve Bank report released Wednesday, creditors have recovered ₹4 lakh crore under resolution plans initiated under the Insolvency and Bankruptcy Code (IBC) as of September 30, 2025. Since the introduction of corporate insolvency resolution processes in December 2016, a total of 8,659 Corporate Insolvency Resolution Processes (CIRPs) have been initiated, with 6,761 (or 78.1%) successfully completed by September 30, 2025. The IBC primarily aims to assist corporate debtors (CDs) in distress. During the period from April to September 2025, the code aided 187 CDs, bringing the total number of aided debtors to 3,865 since the IBC’s…

Latest StoriesResidential

Pune Sees 14,000+ Property Registrations in November 2025

NEW DELHI: In November 2025, Pune’s residential property market saw 14,234 registrations, representing a 6% year-on-year increase. Stamp duty collections also rose by 19% YoY to ₹565 crore, as per the data from Knight Frank India. Compared to the previous month, registrations increased by 12%, and stamp duty collections grew by 7%. From January to November 2025, Pune achieved 173,578 property registrations, marking the strongest performance during the first eleven months in the last four years. The distribution of ticket sizes remained consistent year-on-year. Homes priced below ₹1 crore still dominated, accounting for 85% of total registrations, while those priced…

Latest StoriesResidential

Lower Home Loan Rates Boost Housing Affordability in 2025

NEW DELHI: A reduction in home loan interest rates has enhanced housing affordability for buyers in seven of India’s eight major residential markets by 2025. According to Knight Frank India’s latest Affordability Index, Ahmedabad, Pune, and Kolkata rank as the most affordable cities. The index assesses the percentage of household income allocated for home loan EMIs, revealing that Ahmedabad has the most favorable market with an EMI-to-income ratio of 18%. Both Pune and Kolkata follow closely with a 22% ratio, indicating improved affordability. In Mumbai, India’s priciest housing market, affordability also saw a significant boost, with the EMI-to-income ratio decreasing…

Latest StoriesResidential

Residential Sales Growth to Hold Steady at 10-12%: ICRA

NEW DELHI: Residential real estate developers are projected to achieve stable sales growth of 10-12% in the current and upcoming financial year, as housing demand normalizes after a three-year post-pandemic recovery, according to an ICRA analysis. This growth is anticipated to stem from a combination of 5-7% volume increase and 4-6% escalation in average prices, supported by decreasing interest rates, improved affordability, and sustained demand for premium and luxury homes. ICRA’s findings are based on a sample of 75 developers, representing about 35% of residential sales nationwide. Over the three financial years leading up to FY2025, residential sales exhibited a…