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• India may need 15 crore additional urban homes by 2047: CREDAI National President

  Speaking at ETRealty Realty and Beyond Ahmedabad, Shekhar G. Patel, managing director & CEO, Ganesh Housing Corporation and national president, CREDAI, said India’s urbanisation and economic growth could create demand for nearly 15 crore additional homes over the next two decades.

  

• Nirman-2 delays stall building approvals, Credai tells Belagavi civic body

  Credai Belagavi has urged the Belagavi City Corporation to expedite the renewal process for engineer licenses. Due to ongoing portal delays, many licensed engineers face challenges in submitting building permission applications. This delay adversely affects builders, engineers, and citizens in need of essential approvals. They specifically requested quicker renewals for alteration and G+4 permissions, ensuring improved civic service delivery and reducing potential disruptions.

  

• Odisha housing department speeds up hearings on building plan appeals

  The housing department of Odisha is making strides in addressing building plan violations and disputes by conducting intensified hearings. A significant number of appeals have been pending since 2002, yet the department is focusing on both older and recent issues pertaining to planning regulations. This initiative is essential for boosting transparency while tackling the considerable backlog of cases, crucial for adhering to urban planning standards and discouraging future violations.

  

• Ghaziabad development body set to clear stalled Ansal township map after SC intervention

  Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their flats.

  

• No Kolkata civic body's building panel meet in six months, over 300 realty projects stuck

  Kolkata's Municipal Building Committee has not convened for the past six months, causing a standstill for over 300 construction projects throughout the area. This lag has significantly impacted commercial, residential, hospital, and educational developments. Developers are left in limbo over timelines and financial investments, largely due to bureaucratic delays rooted in the approval processes and ongoing political shifts since the assembly elections.

  

• Maharashtra government lifts ban on state-owned land allotment to housing societies

  Maharashtra government has ended its long-standing freeze on state land allotments for housing societies after a decade. This innovative policy introduces a requirement for 20 percent of members to be from backward classes and 5 percent from disabled communities. Furthermore, land will now be auctioned openly, encouraging transparency, and includes specific reservations for artists and employees, ultimately aiming to enhance housing prospects for citizens.

  

• Kolte-Patil Developers appoints Hrishikesh Parandekar as CEO

  Kolte-Patil Developers has appointed Hrishikesh Parandekar as its new Chief Executive Officer. This significant leadership change will take effect on August 24, 2026. Parandekar brings over three decades of extensive experience in real estate and strategic leadership. He will now spearhead the company's future growth and operational expansion. Blackstone currently holds a substantial 40 percent stake in the realty firm.

  

• Arkade Developers adds four redevelopment projects in Mumbai

  Arkade Developers has added four redevelopment projects across Malad, Kandivali and Borivali in western Mumbai. The projects span 11.17 acres and have a projected saleable carpet area of about 15 lakh sq ft.

  

• Delhi: NDMC unlikely to roll out unit area property tax system this fiscal

  Property tax reforms by the New Delhi Municipal Council are currently stalled this financial year, much to the frustration of traders grappling with high tax bills based on unrealistic rental values. The central government’s green light and gazette notification for the unit area method, which aims to standardize property tax assessments, remain unresolved, indicating a protracted implementation process.

  

• MiC approves property tax framework for unauthorized colonies in Indore

  The Mayor-in-Council has given the green light for property tax reforms aimed at residents with legitimate ownership documents. In addition, significant infrastructure projects and public-private partnerships were sanctioned. A new link road will connect Kanadia Road to Khajrana Temple, improving traffic conditions. Plans have also been set for new commercial markets in Subhash Nagar and Vallabh Nagar.

  

• Four buildings in Gurugram DLF phase-III sealed for 'unauthorised construction'

  Four buildings were sealed in Gurugram for unauthorized construction and commercial activities. Unused stilt areas were demolished, and illegal PGs and guest houses were sealed. Approximately 1.5 kilometers of the Right of Way was cleared of encroachments. The enforcement wing of the Town and Country Planning Department led the drive. District Town Planner Amit Madholiya oversaw the operations.