New York City real estate industry asks judge to block new broker fee law

A coalition of real estate organizations has filed a lawsuit to block a New York City law requiring landlords to cover broker fees, arguing it will raise rents and harm low-income tenants. The law, effective June 11, aims to make housing more affordable but is claimed to violate constitutional rights regarding contracts and free speech. A court decision is pending.

Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report

Indian cities Bengaluru, Mumbai, and Delhi rank among top 15 global prime residential markets, with Bengaluru leading at 8.3% annual price growth, reflecting strong end-user demand and economic stability in Q1 2025.

Homebuyer promised free add-ons by the developer during flat purchase? Here’s why it must be mentioned in the agreement

A homebuyer in Pune discovered that promised add-ons like a modular kitchen and ACs must be documented in the sale agreement. Legal experts advise explicitly listing all amenities to ensure protection under RERA and enable potential compensation if developers default.

Bengaluru real estate market's rental listing with ₹8 lakh deposit for a 3BHK sparks debate on social media

A Bengaluru rental listing demanding ₹8 lakh deposit for a 3BHK apartment sparked social media debate. The city's high rental deposit norms, ranging from 6-10 months' rent, reflect landlords' leverage in a competitive real estate market with limited affordable housing.

Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai

Akshay Kumar sold six Mumbai properties in two months, earning over ₹103 crore. Transactions include luxury apartments and a commercial space in Borivali, Worli, and Lower Parel, with investments yielding 65-89% returns.

Princeton Digital Leases 1 million sq ft in Airoli Knowledge Park near Mumbai for ₹10.42 crore monthly rent

Princeton Digital Group leased 1 million sq ft in Airoli Knowledge Park near Mumbai from Gigaplex Estate for ₹10.42 crore monthly rent. The 20-40 year lease includes annual rent escalations and 81 parking spaces, marking a strategic data centre expansion.

Aamir Khan’s housing society will have luxury apartments priced above ₹1 lakh per sq ft post redevelopment

Aamir Khan's Bandra housing society in Mumbai will be redeveloped by MICL with ultra-luxury apartments priced above ₹1 lakh per sq ft by December 2025, targeting high-end real estate market despite current segment sluggishness.

Bengaluru records 15,340 units of housing sales in Jan-March 2025, down by 10% YoY: JLL report

Bengaluru's housing market saw 15,340 unit sales in Q1 2025, a 10% YoY decline, despite 20,484 new unit launches. Premium apartments dominated sales, with prices rising 13% driven by IT sector growth and infrastructure development.

Oswal Group-backed Vardhman Amrante to invest ₹1,350 crore in Punjab over next three years

Vardhman Amrant, backed by Oswal Group, plans to invest ₹1,350 crore in Punjab over three years, focusing on residential, commercial, and industrial sectors, primarily in Ludhiana, to redefine the region's urban landscape.

Oberoi Realty sells 2.1 lakh sq. ft. of apartments worth ₹970 crore in Mumbai's Goregaon

Oberoi Realty sold 2.1 lakh sq. ft. of apartments worth Rs 970 crore in Mumbai's Goregaon, launching Elysian Tower D at Oberoi Garden City. The mixed-use project spans 80 acres, offering 3- and 4-BHK residences amid varied amenities.

Supreme Court reaffirms that property shares become self-acquired after a joint family split, granting the right to sell

Supreme Court confirms that after joint family property partition, individual shares become self-acquired. Members can sell, transfer, or bequeath their specific property share without family approval, granting full ownership rights.

YEIDA steps in to revive 12 stalled Jaiprakash Associates Limited projects, bringing hope to thousands of homebuyers

Yeida will revive 12 stalled Jaiprakash Associates Limited housing projects using its own funds. A dedicated online portal will help homebuyers track progress, with a High Court-mandated committee overseeing completion and offering refund options.

Godrej Properties profit down 19 pc in Jan-Mar to ₹382 cr; plans to raise up to ₹2K cr

Godrej Properties reported a 19% decline in consolidated net profit to ₹381.99 crore for Q4, despite increased income. Total income rose to ₹2,681.06 crore. The company plans to raise up to ₹2,000 crore in debt and recorded a 93% net profit increase for FY25. It achieved record sales bookings of ₹29,444 crore, positioning itself as India's largest listed real estate developer.

RERA: Built for protection, undone by inaction

RERA, initially promising homebuyer protection, has failed to deliver. Despite a new digital platform, the regulatory body lacks effective enforcement, with low case resolution rates, prolonged legal proceedings, and ineffective compensation mechanisms for delayed or stalled projects.

N Saravana Kumar takes over as vice chairman of Delhi Development Authority

N Saravana Kumar, a senior IAS officer with 24 years of administrative experience, has taken charge as Delhi Development Authority's vice chairman, bringing expertise to crucial urban development initiatives and the upcoming Master Plan 2041.