Warehousing and logistic parks developer KSH Infra is planning to invest more than Rs 550 crore to build its second industrial and logistics (I&L) park in the state to more than Rs 1,000 crore. The company forayed into south India last year, with an investment of more than Rs 450 crore to develop its first park on a 50-acre land parcel in Hosur. The second warehousing facility spanning 60 acres will be built in the Sriperumbudur-Oragadam corridor with a development potential of 1.6 million sq ft, adding to the 1.25 million sq ft at Hosur park. At KSH Infra, we began with a vision to build Industrial & Logistics parks across four key cities like Pune, Mumbai, Bangalore, and Chennai,” said Rohit Hegde, managing director, KSH Infra. “With our presence established in three of these markets, we are on our way to realising that vision. Over the next 2 to 3 years, our goal is to scale up to over 10 million square feet of high-quality, sustainable infrastructure across these high-growth corridors.Construction of the new park is likely to begin by March-April 2026, and the development is estimated to generate over 1,500 jobs. The project will cater to evolving needs of global and domestic manufacturers, particularly across the automotive, electronics, and engineering sectors. A favourable regulatory backdrop along with the government’s support through policy and reforms are further expected to boost infrastructure spending, and in turn overall demand for modern logistics facilities. Confidence among developers, owners, operators, and investors in this asset class has remained high, owing to the rapidly increasing need for last-mile deliveries and logistics.
 

Life Insurance Corporation (LIC) has reported a 14.60 per cent year-on-year (YoY) increase in individual premium in June 2025, higher than 12.12 per cent growth in premium income of private life insurers, Life Insurance Council data showed on Thursday. In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for Rs 8,408 crore. During the month of June 2025, total policies issued by LIC stood at 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC issued 12.48 lakh polices for June 2025 from 14.62 lakh policies in 2024, Group policies stood at 1,290 in the last month from 2,827 for June 2024. In group premium income, LIC earned Rs 22,087 crore, a 7 per cent decline over June last year. The private sector reported a degrowth of 19 per cent in group premium income at Rs 5,315 crore. The total premium income of LIC during the month declined 3.43 per cent to Rs 27,395 crore. Private sector players reported 2.45 per cent decline at Rs 13,722 crore in total premium income.

Madras high court has imposed 1 lakh cost on Greater Chennai Corporation (GCC) commissioner J Kumaragurubaran, upset over his inaction over unauthorized construction in Royapuram zone. The first bench of Chief Justice K R Shriram and Justice Sundar Mohan directed the state govt to deduct the amount from the commissioner's salary and deposit it into account of Adyar Cancer Institute. The court passed the order on a contempt petition moved by advocate N Rukmanganthan saying the corporation failed to comply with a court order dated April 8, 2022, to remove unauthorized construction in Zone 5. On April 26, when the plea came up for hearing, the court censured the GCC for not doing enough against illegal buildings and unauthorized constructions in the city. The court observed that it gave an impression that the GCC did not want to take action against the violators. The bench accused Kumaragurubaran of intentionally not providing adequate details of action taken against such violations. "Strangely and we would say intentionally, the commissioner has chosen not to give details of the notices issued, state whether those notices were responded to, state what action was taken thereafter, and state whether those unauthorized deviated buildings were demolished. In paragraph 14 of the affidavit filed by the commissioner, it is only stated that the corporation also took further action and locked and sealed unauthorised/deviated buildings, and around 242 buildings were locked and sealed. Responding to the observations, counsel for the corporation submitted that he would file all the details and also make available for inspection the documents for the petitioner's advocate within a week. Since the corporation failed to provide the details as promised, the bench imposed the cost on the commissioner.
 

After deep and large cracks developed on roads and buildings at Velachery, Greater Chennai Corporation (GCC) issued stop-work notice to Iyra Properties for causing damage due to improper construction work. In a notice under the Town and Country Planning Act, 1971, GCC asked the realtor to stop construction at Seshadripuram First Main Road, where cracks appreared on roads, buildings, stormwater drains, and sewerage lines. GCC said the road and SWD collapsed because of improper piling and shoring work done at the construction site. The corporation said IIT Madras will study the damage and suggest rectifications. GCC will take legal action if you fail to comply with the notice, including locking and sealing of the premises, seizure and confiscation of construction materials, auction of materials seized, prosecution of the owner and discontinuance of usage, recovery of all costs for restoration owner and discont inuance of usage, recovery of all costs for restoration work. Several houses on Seshadripuram First Street developed cracks on buildings, parking lots, corridors, and causeways. M C Shrikkanthan, a resident of Anmol Abinandan gated community, said their complex developed cracks a week ago. "We took it up with the builder and they promised rectification. The cracks eventually worsened. Every day, the vibrations were unbearable and residents feared a collapse. We learned 200 piles were being laid. Officials said the 50,000sqft construction site is currently in the basement stage. The stretch, with more than 1,000 houses, has been cordoned off. There must be a five-ft setback for a three-storey housing to a 24-foot setback for multi-storey housing. 
 

Plots and houses only three kilometres from Kilambakkam and two  kilometres from GST Road, with hundreds of amenities — ads with such claims have become all too common, flooding social media feeds and highway hoardings. But under a recent order by TNRERA (Tamil Nadu Real Estate Regulatory Authority), builders showcasing ads with vague, exaggerated, and misleading claims are set to get pulled up. With this crackdown, TNRERA has sent a strong message to the real estate industry: promotional gimmicks and half-truths will no longer be tolerated. The era of unchecked advertising is over. And buyers, finally, have the right to clarity. TNRERA has made it mandatory for all real estate advertisements whether in print, on television, outdoor hoardings, digital platforms, or social media to prominently display the project's RERA registration number, a scannable QR code (as per form-C), the official website of the authority, the approved location of the project, and complete promoter contact details. The guidelines, which came into effect on July 1, also prohibit the use of vague disclaimers such as "terms and conditions apply", and prevent promoters from using inflated phrases such as "100+ amenities" that are not backed by actual, verifiable offerings. The order by chairperson Shiv Das Meena, states that the directive is aimed at curbing misleading practices and ensuring that buyers can easily verify the authenticity and legal status of real estate projects before making decisions. The rules specify that RERA details must appear at the top right corner of all advertisements, including hoardings and print material, with a minimum font size to ensure visibility. "The mandate also extends to the finer details. Every ad must mention the promoter's name, office address, and contact information. If a landmark is cited, only the actual distance via the most commonly used route is allowed no reference to travel time, which can vary with traffic, is permitted. The location must match the officially approved plan submitted for registration," said S Ramprabhu, chairman of the DTCP committee at the Builders Association of India. To support these changes, Regulation 8(3) of Tamil Nadu Real Estate Regulatory Authority (General) Regulations, 2018, has been amended to make it clear that all real estate publicity whether through press, banners, pamphlets, or social media must carry RERA registration details as prescribed under the revised Regulation 6.
 

Housing sales declined by an estimated 20% to 96,285 units during the April–June quarter across seven major cities down from 1,20,335 units in the same period last year, according to a report by Anarock. Sales dropped in Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Pune, and Kolkata. Chennai was the only city to have bucked the trend, recording an increase in demand.Of all the cities, only Chennai witnessed an 11% year-on-year rise in housing sales, with approximately 5,660 units sold in Q2 2025, compared to 5,100 units in Q2 2024. On a quarter- on-quarter basis, the city saw a sharp 40% jump in sales. New supply across cities continued to be dominated by luxury and ultra-luxury housing (priced above ?1.5 crore), accounting for 46% of overall launches. The mid-segment ( ?40 lakh– ?80 lakh) and premium segment ( ?80 lakh– ?1.5 crore) each held a 21% share, while affordable housing comprised just 12% of the new supply, it noted. Average residential prices across the top cities rose 11% year-on-year, led by NCR with a 27% surge, followed by Bengaluru (12%) and Hyderabad (11%). However, on a quarterly basis, price growth moderated to just 1%, the report noted.The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. “The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. Now, with domestic tensions easing and the RBI’s repo rate cut injecting fresh optimism, buyer sentiment is rebounding,” said Anuj Puri, chairman, ANAROCK Group.Bengaluru added approximately 15,345 units in Q2 2025, declining quarterly by 26%. On a yearly basis, there was a 4% decline. 

The Yamuna Expressway Industrial Development Authority has given Greenbay Infrastructure a final deadline to deposit dues amounting to Rs 118 crore by the end of July, failing which it will cancel the allotment of land for a 100-acre township in Sector 22D. YEIDA officials said on Friday this was the final ultimatum for the developer. Before this, YEIDA had given the developer a deadline of June 30 to pay its dues. Last month, Greenbay had sought an extension of two months to make the deposit, citing problems with securing full possession of land allotted to it. In response, Greenbay's management said on Friday it has deposited Rs 40 crore and is committed to paying the full amount. We are committed to paying all land dues, but we need the Authority's support to ensure full possession of the allotted land and permission to sublease the commercial part of the project," said Amit Sharma, project director of Greenbay Golf Village — the 100-acre township launched in 2011. According to the developer, approximately 30-35% of the 100-acre site is still under cultivation by farmers, and this has made it difficult to carry out construction and raise funds through sales. The policy recalculated the developer's total dues to Rs 441 crore, of which Rs 110 crore (25%) was to be paid upfront. Greenbay paid this amount the first time but missed the subsequent installments despite extensions. But the authority rejected this request and said that the policy only permits subleases to homebuyers, and not for commercial use. Cultivation by farmers in the middle of the allotted plot gives homebuyers a sense of insecurity about their investment. Possession of the complete land and permission to sublease would help speed up development and sales. The proceeds would go towards paying the remaining dues. 

The National Housing Bank (NHB) has introduced stricter guidelines for refinancing home loans in under-construction properties. In an order to home financiers, the NHB said it would now provide refinance only for loans where less than half the construction is complete during the first disbursement. This rule specifically applies to loans taken for construction on plots or for building homes on self-owned land, said the order. "In cases where HFCs extend loans to individuals for ongoing construction, refinance from NHB will be available only in respect of loans where not more than one-half of the construction has been completed at the time of disbursement of first tranche of the loan by the HFC," said the NHB order. NHB has also mandated that the stage of construction be clearly verified through a technical evaluation report when the first tranche of the loan is disbursed. HFCs have been instructed to ensure only eligible loans are flagged for NHB refinance. Many HFCs argue the new rule could affect low-income borrowers, particularly those who start construction on self-owned land using informal credit from vendors or family. Often, these borrowers' approach HFCs for loans only after construction is nearly complete, primarily to repay those debts. HFCs believe such applicants should still qualify for funding under the home loan category. In March, the regulator took further action by reprimanding HFCs for mis-selling insurance policies bundled with home loans. NHB directed HFCs to immediately cease the practice of selling insurance products without clearly disclosing the terms and conditions to borrowers.
 

Starting July 1, the state govt rolled out a time-bound 'deemed NOC' system to streamline the process of obtaining No Objection Certificates (NOCs) for planning permissions. This step is expected to reduce red tape, bring transparency, and speed up project clearances, especially for the housing and infrastructure sector. "This is the first time a state has introduced this system. This GO was released on Oct 24, but norms for deemed NOCs have been released now. This is a welcome step for housing and other industries. This will save three to six months for getting NOCs," said S Sridharan, executive committee member, CREDAI National. Under the new framework, 11 key departments — including district collectorates, fire services, water resources, forest, CMRL, TNHB — department of agriculture, which has a 21-day deadline. Once deemed approval is triggered, departments get a final seven-day objection window. If no objection is raised, or if objections are not resolved within the system-defined periods, the NOC is marked as ‘deemed approved' and can be downloaded by the applicant. Officials said that if an objection is raised within time, there's no fixed limit for the applicant to respond. In coastal regulation zones, approval from the competent authority must be secured before applying for planning clearance. The department of agriculture engineering has been exempted from issuing NOCs, as HACA validation is already considered sufficient. For power infrastructure, a separate NOC from Tangedco is not required for HT/LT lines passing through a site, as these will be verified by CMDA or DTCP. However, Tangedco approval is still necessary for Extra High Tension (EHT) lines such as transmission towers.
 

In an effort to tighten the regulation of real estate activities, the housing and urban development department will collaborate with the revenue and disaster management department to enforce the decisions of Odisha Real Estate Regulatory Authority (ORERA). The decision was taken at a high-level meeting chaired by chief secretary Manoj Ahuja recently. As per the decision, authorities have been asked to invoke the Odisha Public Demand Recovery (OPDR) Act to recover penalties from defaulters, ensuring compliance with ORERA's directives. To bolster enforcement in the real estate sector, especially in To bolster enforcement in the real estate sector, especially in Development Authority (BDA) and Bhubaneswar Municipal Corporation (BMC). The institutionalisation of monthly coordination meetings among ORERA, the revenue and disaster management department, and the housing and urban development department was also approved during the meeting. These measures aim to streamline efforts and enhance communication between the departments involved in real estate regulation. All district collectors and tehsildars have been instructed to identify and report  unauthorised real estate developments to ORERA on a monthly basis.
 

More than 3,000 residents flocked to the Sahakaranagar playground in Byatarayanapura assembly constituency Sunday for the mega e-khata mela that surpassed expectations. Originally slated to end by 2pm, the event has now been extended until 8pm on Monday, due to the sheer volume of applicants. Bengaluru development minister DK Shivakumar inaugurated the door-to-door distribution drive by handing over draft e-khatas to local households. Urging residents to either collect their documents online or attend the mela, he said: "Final e-khatas will be delivered to homes within 100 days. Please verify details and complete the process at the earliest." He also announced plans to replicate such mega camps across other zones. The event primarily attracted citizens who struggled with online applications owing to limited digital literacy or time constraints. With e- khata mandatory from July 1 for any property registration, sale, or transfer in Bengaluru, the mela got an overwhelming response. BBMP officials said the mela enabled the generation of around 1,500 e-khatas in a single day, with each document processed within three to four hours. Of the 1.8 lakh properties in Byatarayanapura, over 51,000 have received final e-khatas. MLA Krishna Byre Gowda said: "Many still think getting an e-khata is hard or unnecessary. But if 5 lakh people have managed, so can others. We'll continue the mela on Monday too." Residents were effusive in their praise. "I came at 7.30am, and by 11pm, my e-khata was ready," said Anil Kumar. Others like Ramalingam, an auto driver, highlighted how such one-stop events help those unable to navigate the online system or avoid bribes. "We've tried for months. Today, we got it in three hours. Over 4k tokens issued, 1,679 processed and 677 final e-khatas were given on spot on the first day.
 

Once seen as the gritty industrial edge of the city, North Chennai is turning into one of the hottest new address in real estate, espically plotted development. Areas such as Red Hills, Puzhal, and Karanodai are fast turning into favourite hubs for plotted development due to various development projects planned by the govt. According to developers, North Chennai is what Anna Nagar was in the 1970s or Besant Nagar in the 1980. From key connectivity upgrades such as Chennai Outer Ring Road (ORR) to the expansion of social infrastructure such as metro, schools, colleges and healthcare facilities, the region is rapidly evolving into a vibrant residential zone. Chennai, Hyderabad and Bengaluru lead in plotted development when compared to the rest of India. These plots are created in all futuristic locations, where the govt has planned future development projects and where investments can grow," said Ranjeeth Rathod, executive committee member, Credai-Chennai. G Square's latest land acquisition aligns with this momentum. The firm has acquired a total 62.38 acres of land to develop 1,091 ready-to-construct villa plots spread across Red Hills, Puzhal, and Karanodai. The total investment across these projects stands at 230 crores. The new projects are strategically located with excellent access to major transit corridors, prominent educational institutions, healthcare hubs and other developments like Madhavaram Mofussil Bus Terminus (MMBT), fintech city at Madhavaram, Chennai Peripheral Ring Road," said Bala Ramajeyam, managing director, G Square Realtors Private Limited.