Real Estate News
Stay updated with the latest developments in the Indian real estate market.
Bhubaneswar development body amends Ekamra Residency project to comply with RERA regulations
Nov. 2, 2026, 3:29 a.m.
The Bhubaneswar Development Authority has introduced crucial changes to the Ekamra Residency housing project's regulations. Notable adjustments include shortening the refund period for earnest money deposits from 60 days to 45 days. Additionally, the interest on late payments will now reference the State Bank of India's lending rate instead of a previously fixed rate.
Read MoreOC amnesty scheme in Mumbai sees poor response; less than 10 applications filed in nearly two months
Nov. 2, 2026, 3:18 a.m.
Nearly 19,000 buildings in Mumbai are reportedly operating without Occupation Certificates as a civic amnesty scheme continues. The Brihanmumbai Municipal Corporation launched this scheme to assist eligible property owners. Despite widespread need, fewer than ten applications have been submitted since its initiation. A public seminar has been organized to clarify the scheme's provisions for housing societies and individual owners.
Read MoreBhubaneswar development body extends Ekamra Residency application deadline to November 30
Nov. 2, 2026, 3:15 a.m.
Bhubaneswar Development Authority has announced a one-month extension for applications to the Ekamra Residency project. This initiative seeks to boost participation from eligible homebuyers amid concerns over affordability, given that only under 200 applications have been filed for the 496 flats. The authority plans to ramp up its outreach strategies to better connect with prospective buyers during this extended timeframe.
Read MorePharma company Gufic buys duplex apartment in Mumbai’s Juhu for over ₹236 crore
Nov. 2, 2026, 3:12 a.m.
Gufic has made a significant real estate purchase with the acquisition of a luxury apartment in Mumbai. The duplex is located in the upscale Lodha Avalon project on Juhu Tara Road, featuring 19,694 square feet of space. This transaction, valued at Rs 236.33 crore, highlights the ongoing demand for luxury residential properties in the city. The purchase also involved a considerable stamp duty of Rs 14.18 crore for registration.
Read MoreAustralian home prices fall 2.8% year-on-year in October 2026, looming rate hike adds to pain
Nov. 2, 2026, 3:01 a.m.
Australian home prices fell 1.2% in October, reflecting a 6.7% decline from their peak. The downturn has been the steepest in the past 40 years, with values decreasing 8.1% in seven months. Capital cities such as Brisbane and Perth experienced significant declines, unwinding prior gains. Property sales have decreased by 23% compared to last year, with Sydney transactions down 30%.
Read MoreEnforcement directorate searches Prayag Developers premises in Nagpur; seizes ₹1.95 crore cash
Nov. 1, 2026, 7:57 a.m.
Recently, the Enforcement Directorate raided two sites in Nagpur that are tied to Prayag Developers & Builders. During these searches, they uncovered a whopping ₹1.95 crore in cash. Moreover, they froze over ₹40 lakh in bank accounts and discovered some properties that they believe are linked to illegal money-making activities.
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