real estate news
Office REITs in India Eye Portfolio Growth and Higher Occupancy
India's office real estate investment trusts (REITs) are set to expand their portfolios through acquisitions and development, aiming for higher occupancy and leasing. This growth is driven by strong demand from global capability centres (GCCs) and domestic occupiers.
Real Estate
India's Hotel Demand Exceeds Supply, Boosting Hospitality Sector: ICRA
India's hotel demand is expected to outpace supply over the next three years, according to rating agency ICRA. This positive demand-supply mismatch is driving higher occupancies and average room rates in the premium hotel segment.
Real Estate
Supreme Court Grants Conditional OCs to 400+ Noida Sports City Homebuyers
The Supreme Court has directed the Noida Authority to issue conditional occupancy certificates for six towers in the Godrej Nest project, providing relief to over 400 homebuyers in Noida’s Sector 150 Sports City.
Real Estate
Bengaluru Real Estate Update: No OC Required for Large Plots
The Karnataka Cabinet has decided to exempt residential buildings constructed on plots larger than 1,200 square feet within Bengaluru from the mandatory requirement of obtaining an Occupancy Certificate (OC). This move aims to address the issue of electricity connections being withheld for thousands of completed houses.
real estate news
Pune Deputy Registrar Declares 10% Extra Service Charge on Rented Flats Illegal
In a significant ruling, the Deputy Registrar of Cooperative Societies in Pune has declared that apartment management committees cannot impose an additional 10% service charge on rented flats, bringing relief to many flat owners and tenants.
real estate news
Odisha Government Mandates CC and OC for Real Estate Handovers
The Odisha Housing and Urban Development (H&UD) department has issued a notification, following a Supreme Court directive, mandating that realtors obtain a building’s Completion Certificate (CC) or Occupancy Certificate (OC) before handing possession over to buyers.
Real Estate
Odisha Government Enforces Strict New Rules for Real Estate Handovers
The Odisha government has introduced new regulations requiring real estate developers to obtain completion or occupancy certificates before handing over possession of buildings to buyers. This move, aligned with Supreme Court directives, aims to curb unauthorized constructions and ensure compliance with building standards.
Real Estate Mumbai
Mumbai Residents Evacuate Willingdon View Due to High Court Order
Residents of the top 18 floors of the 34-storey Willingdon View CHS in Tardeo, Mumbai, have vacated their flats following a high court order. The building lacks an occupancy certificate (OC) for the upper floors, and the BMC is planning to verify the evacuation.
Real Estate Mumbai
Cooperative Housing Society Cannot Charge Excess Fees from Rented Flats
A deputy registrar in Mumbai has ruled that the Chaitanya Cooperative Housing Society cannot charge additional fees beyond non-occupancy charges from members who rent out their flats.
Real Estate Mumbai
K Raheja Realty Launches Tower S at Raheja Residency in Malad East, Mumbai
K Raheja Realty is set to unveil Tower S at Raheja Residency in Malad East, Mumbai, featuring ready-to-move-in 2 BHK apartments with a host of amenities and excellent connectivity.
Real Estate
Supreme Court Ruling on Occupancy Certificates May Impact Older Buildings in Odisha
A recent Supreme Court judgment upholding a Bombay High Court ruling on occupancy certificates (OCs) is likely to affect the real estate sector in Bhubaneswar and the state, as many older buildings lack necessary legal documents.
real estate news
Brookfield India REIT Reports 13% Increase in Q1 Net Operating Income
Brookfield India Real Estate Trust has reported a 13% increase in its net operating income for the first quarter of the fiscal year 2025-26, driven by robust leasing and high occupancy levels.
Real Estate
Brookfield India REIT Reports 13% Q1 Net Operating Income Growth
Brookfield India Real Estate Trust has reported a 13% increase in its net operating income for the first quarter of the fiscal year, driven by strong leasing momentum and high occupancy levels.
Real Estate
Karnataka's Move to Exempt Small Plots from Occupancy Certificates: What It Means for Bengaluru's Real Estate
Karnataka's Urban Development Department proposes to exempt residential buildings on plots up to 1,200 square feet from obtaining Occupancy Certificates. This move could ease regulatory burdens but raises concerns about unregulated construction and infrastructure strain.
Real Estate
TGRERA Orders Prathima Infra to Register Pristine Estates and Obtain Occupancy Certificates
The Telangana Real Estate Regulatory Authority (TGRERA) has directed Prathima Infrastructure Limited to register their Gopanpally-based villa project, Pristine Estates, and obtain occupancy certificates within 30 days.
Real Estate Mumbai
NMMC Mandates Compliance for 2,111 Buildings Without Occupancy Certificates
The Navi Mumbai Municipal Corporation (NMMC) has identified 2,111 buildings operating without occupancy certificates (OCs). The civic body urges immediate compliance to avoid legal penalties and ensure public safety.
Real Estate Pune
MahaRERA Launches Verification of 2,600 Occupancy Certificates to Ensure Transparency
Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated a comprehensive verification of 2,600 occupancy certificates (OCs) submitted by developers to prevent fraudulent activities and protect homebuyers.
Real Estate Pune
MahaRERA Launches Statewide Verification of Developer-Submitted OCs
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated a comprehensive verification of 2,600 Occupancy Certificates (OCs) submitted by developers to ensure authenticity and prevent discrepancies or forgery.
real estate news
Bengaluru: Construction Sector Slams the Brakes as OC Mandate Takes Effect
The Karnataka government's new mandate for an Occupancy Certificate (OC) for new water and electricity connections is causing a significant slowdown in the construction and real estate sectors. The rule is affecting thousands of buildings and construction sites, leading to concerns about job losses and economic impacts.
real estate news
Developers Expand Senior Living Footprint as Occupancy and Lifestyle Preferences Drive Growth
Real estate industry leaders share their insights on key trends shaping India's senior housing market, highlighting the growing demand for high-quality, lifestyle-focused communities.