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New Delhi, 3rd August 2026: The Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory asking all State Real Estate Regulatory Authorities (RERAs) to grant a four-month extension to eligible real estate projects affected by recent global supply chain disruptions. The advisory, issued on July 31, 2026, cites the ongoing West Asia situation as a Force Majeure event that has disrupted the availability of construction materials and delayed project execution. The Ministry referred to a Finance Ministry memorandum issued on April 29, 2026, which treated the West Asia situation as a “war” for the purpose of invoking the Force Majeure clause. Under Section 6 of the Real Estate (Regulation and Development) Act, 2016 (RERA), project registrations can be extended in such circumstances. According to the advisory, State RERAs have been requested to extend the registration and completion timelines of projects whose original, revised or extended completion dates fall on or after February 28, 2026. The extension will be applicable for four months. Commenting on the development, Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Ltd., said, “We wholeheartedly welcome this pragmatic and timely advisory from the Ministry of Housing & Urban Affairs. The recent global supply chain disruptions stemming from the West Asia situation have posed unprecedented, unforeseen challenges for the entire real estate sector, severely impacting the availability of critical construction materials. By invoking the Force Majeure clause and granting a four-month extension, the Government has demonstrated remarkable foresight and a deep understanding of on-ground realities. This crucial relief safeguards the industry from external shocks, allowing us to navigate these shortages without compromising on quality. Above all, it reinforces our ability to stay focused on our primary goal: delivering exceptional projects and fulfilling our promises to our valued homebuyers.” To simplify the process, the Ministry has also suggested that State RERAs issue a single common order covering all eligible projects instead of asking developers to submit separate applications for each project. The move is expected to provide relief to developers facing delays due to shortages of key construction materials while helping ensure projects are completed without unnecessary regulatory hurdles. Industry experts believe the advisory will also benefit homebuyers by allowing projects impacted by circumstances beyond developers’ control to move forward under a clear regulatory framework.

Mumbai, 3rd August 2026: Mumbai’s luxury housing market has recorded its strongest-ever half-year performance, with homes priced at ₹10 crore and above clocking sales worth ₹18,512 crore during the first six months of 2026. According to the latest Mumbai Luxury Housing Report (H1 CY’26) by India Sotheby’s International Realty and CRE Matrix, this is the highest half-yearly transaction value recorded in the city’s luxury residential market across both primary and secondary sales. The report states that 957 luxury homes were sold between January and June 2026, marking a 26% year-on-year increase from 761 units in H1 2025. Compared to the first half of 2023, sales volumes have risen by 71%, highlighting sustained demand for premium residences in the country’s financial capital. The primary market continued to dominate, while the secondary market also touched a record ₹4,840 crore in transaction value, accounting for nearly 30% of the luxury housing market. Overall, luxury housing sales have almost doubled since H1 2021, reflecting growing demand from affluent buyers. Among price brackets, homes priced between ₹20 crore and ₹40 crore witnessed the fastest growth. Sales in this segment increased from 66 units in H1 2023 to 156 units in H1 2026, representing a 136% jump. The report attributes this to rising buyer appetite for premium residences and gradual price appreciation in the luxury segment. Homes priced above ₹40 crore also maintained healthy demand, with 41 units sold during the period. Worli emerged as Mumbai’s most active luxury housing market, recording 159 primary sales during the six-month period—more than four times the 35 units sold during the same period last year. The locality also generated ₹4,493 crore in transaction value, a 79% year-on-year increase, driven by a steady pipeline of new luxury launches since 2023. Lower Parel also witnessed strong momentum, with transaction value rising 79% to ₹1,113 crore. The report found that apartments measuring between 2,000 and 4,000 sq. ft. remained the preferred choice among buyers, accounting for 58% of primary luxury home sales. Meanwhile, homes larger than 4,000 sq. ft., although representing just 11% of units sold, contributed more than a quarter of the total transaction value, reflecting continued demand for ultra-spacious residences. Commenting on the findings, Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said Mumbai’s luxury housing market has reached a new benchmark, with nearly ₹34,000 crore worth of luxury transactions recorded over the last 12 months. He added that the sustained momentum in the ₹20–40 crore segment reflects a buyer who remains confident but is becoming increasingly selective about where to invest. Sudershan Sharma, Executive Director at India Sotheby’s International Realty, said the first half of 2026 reaffirmed Mumbai as one of India’s most resilient luxury housing markets. He noted that established micro-markets such as Worli, Tardeo, Lower Parel and Bandra West continue to lead demand, supported by infrastructure improvements and quality project launches. He also said developers have largely avoided aggressive pricing, helping sustain long-term buyer confidence despite strong sales momentum. The report notes that while H1 2026 has set a new benchmark for luxury housing sales, the exceptional performance may moderate in the coming quarters as the market adjusts to a higher base and a more cautious economic outlook. However, demand from high-net-worth buyers and confidence in Mumbai’s premium residential market are expected to remain strong.

Pune, 26th July 2026: Lodha Developers has started FY27 with its strongest quarterly performance ever, reporting record profit and revenue as demand for premium homes remained strong and project deliveries gathered pace. The Mumbai-based real estate developer posted a net profit of ₹1,372.1 crore for the quarter ended June 30, up 103.4 per cent from the same period last year. This is the highest quarterly profit in the company’s history. Revenue from operations also rose sharply by 43.1 per cent year-on-year to ₹4,996.7 crore, supported by higher construction progress and stronger customer payments. The results were ahead of market expectations, highlighting the continued strength of India’s premium housing market even after several years of strong growth. One of the biggest positives during the quarter was cash collections from homebuyers, which increased 46 per cent year-on-year to ₹4,205 crore. Pre-sales, or the total value of homes sold during the quarter, rose 4 per cent to ₹4,629 crore. While both collections and sales were lower than the previous quarter, the company said home prices across its projects have increased by around 3 per cent so far this financial year, reflecting steady demand. The company’s earnings also improved because it earned more from every rupee of revenue. Operating profit (EBITDA) increased 79 per cent to ₹2,150 crore, while the operating margin expanded to 43 per cent, compared with 34 per cent a year ago. The improvement was helped by higher earnings from land sales as well as better project execution. Although total expenses rose 22.1 per cent due to increased construction and project costs, revenue grew at a much faster pace, leading to stronger profitability. Lodha further strengthened its financial position during the quarter by reducing its net debt by ₹446 crore to ₹4,931 crore. Its net debt-to-equity ratio stood at 0.2 times, well below the company’s internal limit of 0.5 times, giving it financial flexibility for future expansion. During the quarter, the company added a new residential project in Pune with a gross development value (GDV) of ₹2,300 crore. GDV refers to the estimated total revenue that can be generated from selling all the units in a project. Lodha also continued expanding its portfolio of assets that generate regular rental and lease income. Another notable development was the completion of the sale of land at its Green Data Center Park in Palava to Digital Edge India. According to the company, the transaction demonstrates the significant increase in the value of its land holdings over the past few years. Despite the record quarter, Lodha has not changed its guidance for the full financial year. It continues to target pre-sales of ₹24,000 crore and profit after tax (PAT) of ₹4,100 crore for FY27. On the profit front, the company said it has already achieved 33 per cent of its full-year PAT target in the first quarter itself. With ₹1,372.1 crore in net profit during the April-June period, Lodha has completed roughly one-third of its ₹4,100 crore profit goal for FY27. Looking beyond this year, the developer has reiterated its long-term plan to grow profit after tax at a compound annual growth rate (CAGR) of around 20 per cent, with the aim of crossing ₹8,500 crore in annual profit by FY31. Management believes demand for quality housing will remain healthy as more buyers prefer established developers with a strong execution record. Alongside its residential business, Lodha also expects its portfolio of income-generating commercial assets to become a much larger contributor over the coming years. The company projects annual annuity income from businesses such as data centres, warehousing, industrial parks and high-street retail properties to grow more than tenfold, exceeding ₹3,000 crore within the next six years.

Mumbai, 21th July 2026: Bollywood actor John Abraham has expanded his real-estate portfolio with the purchase of a luxury bungalow in Bandra West, Mumbai, for ₹84 crore, according to property registration documents. The property, located on St. Martin Road in Bandra West, spans a 1,017.60-square-metre plot and includes an existing bungalow with a built-up area of approximately 193.12 square metres, along with an outhouse measuring around 31.50 square metres. The transaction was officially registered on July 14, 2026, with John Abraham paying ₹5.04 crore in stamp duty. The freehold property was acquired through a registered conveyance deed from Naushir Eruch Divitre, Fredon Eruch Divitre, Crystal Firoz Divitre, and Eruch Firoz Divitre. Neither the actor nor the sellers have commented on the transaction. This marks another significant addition to the actor’s growing property portfolio. In December 2023, John Abraham purchased another luxury bungalow in Mumbai’s Khar locality for ₹70.83 crore, further strengthening his investments in the city’s premium real-estate market. The latest acquisition comes as Mumbai’s luxury housing segment continues to witness a rise in high-value bungalow transactions, particularly in prime locations such as Bandra and Khar. On the professional front, John Abraham is set to portray former Mumbai Police Commissioner Rakesh Maria in an upcoming biographical film based on the senior police officer’s life and career.

Mumbai | 17 July 2026: Bollywood actor Arshad Warsi has sold a commercial shop in Mumbai’s prime Lokhandwala Complex, Andheri West, for ₹6.25 crore, according to property registration documents. The transaction underscores the strong appreciation witnessed in Mumbai’s premium commercial real estate market over the past decade. Commercial Property in Lokhandwala Commands Premium Valuation The property is a ground-floor commercial shop with a carpet area of approximately 684 sq. ft., located in the highly sought-after Lokhandwala Complex in Andheri West one of Mumbai’s busiest retail and commercial destinations. The sale was registered through the Maharashtra Inspector General of Registration. Based on the carpet area, the transaction translates to an impressive valuation of nearly ₹91,400 per sq. ft., highlighting the continued demand for premium commercial spaces in established business hubs. Investment Delivers Strong Capital Appreciation Property records indicate that Arshad Warsi had purchased the shop in 2012 for approximately ₹2.12 crore. With the latest sale valued at ₹6.25 crore, the actor has realized a gain of over ₹4 crore, representing nearly a threefold increase in the property’s value over the holding period. The buyer reportedly paid a stamp duty of ₹37.50 lakh as part of the transaction, reflecting the high-value nature of the deal. Andheri West Continues to Attract Commercial Investment Andheri West, particularly the Lokhandwala Complex, remains one of Mumbai’s most prominent commercial and retail destinations. The locality benefits from excellent connectivity, a high concentration of residential catchments, entertainment hubs, restaurants, corporate offices, and retail establishments, making it a preferred destination for businesses and investors alike. Real estate experts believe that limited availability of quality commercial spaces and consistently strong footfall continue to support premium valuations in the micro-market. Premium high-street retail properties in established locations have demonstrated resilient appreciation despite changing market conditions. Celebrity Real Estate Deals Spotlight Market Trends Transactions involving celebrity-owned properties often attract widespread attention and provide insight into broader real estate trends. While celebrity ownership generates public interest, industry experts maintain that the key drivers of long-term value remain location, commercial viability, infrastructure, and sustained market demand. Arshad Warsi’s latest transaction is another example of how strategically located commercial properties in Mumbai continue to deliver substantial long-term returns, reinforcing investor confidence in the city’s premium commercial real estate segment. Source: Property registration documents and media reports based on official registration records.

Pune, 15th July 2026: In a major policy decision expected to simplify the development approval process across the Pune Metropolitan Region, the Maharashtra Government has directed the implementation of the Unified Development Control and Promotion Regulations (UDCPR) throughout the jurisdiction of the Pune Metropolitan Region Development Authority (PMRDA). The decision also covers areas where the Maharashtra State Road Development Corporation (MSRDC) functions as the Special Planning Authority (SPA) for the Pune Ring Road project. The Urban Development Department issued the order on Wednesday by exercising its powers under Section 154(1) of the Maharashtra Regional and Town Planning (MRTP) Act, 1966. Signed by Deputy Secretary Pranav Karpe, the directive states that the state-wide UDCPR, notified in December 2020, will now govern development permissions in these areas, replacing the PMRDA Development Control and Promotion Regulations (DCPR) 2018. The move follows the withdrawal of PMRDA’s Draft Development Plan. The authority had published the draft plan in August 2021, but after receiving a large number of objections and representations, the state government cancelled the entire planning process through a gazette notification issued on September 27, 2025. Since then, PMRDA had continued to process development proposals under its 2018 regulations, creating uncertainty over future planning and approvals. To address the situation, PMRDA resolved during its 12th General Body meeting, chaired by the Chief Minister on February 12, 2025, to request the state government to extend the UDCPR to its jurisdiction. The authority subsequently submitted its formal proposal to the Urban Development Department on April 8, 2025. According to the government order, several planning authorities across Maharashtra are already following the UDCPR. Applying the same regulations to PMRDA is expected to bring consistency in development norms, reduce regulatory differences between neighbouring planning authorities and support coordinated urban growth across the metropolitan region. The directive also includes the area under the Pune Ring Road planning jurisdiction. In October 2024, the state government had appointed MSRDC as the Special Planning Authority for a two-kilometre-wide corridor along the proposed ring road, covering 117 revenue villages spread across about 668 sq km. Development permissions in this zone were also being processed under PMRDA’s DCPR 2018 until now. With the implementation of UDCPR, both PMRDA and the Ring Road planning area will follow a common set of development regulations. The decision is expected to provide greater clarity for developers, landowners and planning authorities while helping speed up approvals for residential, commercial and infrastructure projects in Pune’s rapidly growing suburban areas. Urban planning professionals believe the adoption of uniform development regulations will improve consistency in building norms, simplify the approval process and encourage planned growth across the Pune Metropolitan Region. The government order has been published on the Maharashtra Government’s official legal portal for public reference.