Real Estate News
Stay updated with the latest developments in the Indian real estate market.
Mangaluru development body eases land approvals, cuts regularisation fee to 1%
Oct. 30, 2026, 6:21 a.m.
Mangaluru's property owners rejoice! New government measures have significantly reduced regularisation fees for unauthorised land subdivisions and simplified the approval process for both old and new subdivisions. The necessity for separate land conversion orders in Muda’s master plan has been lifted. To enhance clarity, a public helpdesk is being established at the Muda office, designed to facilitate a smoother approval experience for property owners.
Read MoreMumbai: Dharavi building residents to get 500-sq-ft rehabilitation flats
Oct. 30, 2026, 4:28 a.m.
Residents of Dharavi are on the brink of transformation through the Dharavi Redevelopment Project. A recent announcement from the state urban development department details the criteria for receiving rehab flats. Each qualifying resident will be allocated a 300 sq-foot space at no charge, with an extra 35% fungible area accessible for some. This strategic project focuses on tackling housing challenges and elevating living conditions in the bustling locality.
Read MoreConsumer court orrders Ghaziabad's Krishna Infocom to refund buyer's money over delay
Oct. 30, 2026, 4:06 a.m.
The consumer disputes commission has mandated Krishna Infocom to refund Rs 3.7 lakh to Sushma Gupta, who had booked a flat in 2013 but never received possession by the promised January 2020 date. Despite her efforts for resolution, Gupta only received a partial refund of Rs 1 lakh. The ruling against Shyam Builders highlights prevalent issues in property transactions and consumer rights protection within India.
Read MoreMumbai: Developers of sea-facing projects rattled as SRA revises permissions shrinking construction area for CRZ projects
Oct. 30, 2026, 3:59 a.m.
Mumbai builders are grappling with new challenges as the Slum Rehabilitation Authority revises permissions, shifting the calculation of the floor space index from gross to net plot areas. This significant change influences more than 45 redevelopment projects, especially in prime locations like Bandra and Juhu. Developers express apprehension over financial losses due to diminished construction rights, while the Brihanmumbai Municipal Corporation raises concerns about potential revenue declines f
Read MoreEuropean property slump deepens as higher borrowing costs force price cuts
Oct. 30, 2026, 3:51 a.m.
Europe's commercial property landscape is facing mounting pressure as rising borrowing costs complicate debt refinancing endeavors. In fact, quarterly sales have plummeted to their lowest point in three years. To navigate this tough climate, leading investors are adjusting their agreements, often accepting over ten percent price cuts. Notably, several London projects have hit pause due to soaring costs and wavering investor confidence.
Read MoreUK lenders approve fewest mortgages since 2023 as borrowing cost rises
Oct. 30, 2026, 3:39 a.m.
In September 2023, British mortgage approvals plunged to a record low, falling to 53,443 from 54,814 the previous month, driven by escalating borrowing costs. This dip surpassed economists' predictions. Conversely, unsecured lending surged at the fastest pace since 2018, reflecting changing consumer preferences. As mortgage repayments are anticipated to rise steeply over the next five years, affordability worries are mounting, echoed by recent retail sales declines and shifting consumer sentimen
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