In a landmark move set to benefit thousands of property owners across Bengaluru, the Karnataka Cabinet has approved the regularization of B-Khata properties issued by the Bruhat Bengaluru Mahanagara Palike (BBMP) up to September 30, 2024. These properties will now be eligible for A-Khata recognition, bringing long-awaited legal clarity and opening access to civic amenities like electricity, water, and sewage connections. access to civic amenities like electricity, water, and sewage connections. following the cabinet meeting. “This step has been taken to bring discipline to the city’s property development ecosystem and control illegal or unregulated constructions,” he stated. B-Khatas have long been a source of legal ambiguity. Originally issued since 2009 for properties that didn’t meet BBMP’s planning or zoning norms, B-Khatas effectively excluded these properties from receiving occupancy certificates (OC), completion certificates (CC), and utility connections. With the issuance of B-Khatas halted from September 30, 2024, the government faced mounting pressure to resolve the status of properties issued such documents in the interim years. Together, these measures represent a significant restructuring of Bengaluru’s urban management framework. By resolving B-Khata disputes and decentralizing municipal governance, the Karnataka government aims to bring greater accountability, better service delivery, and legal clarity to property ownership in one of India’s fastest-growing real-estate markets.
 

Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500 crore ($58 million) as growth capital to support geographic expansion and enhance digital capabilities of Niwas. Founded in 2017, Niwas provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 47,000 low income homeowners and small businesses, it said. Niwas has AUM of over Rs 3000 crore as of 31 March 2025, comprising granular, retail, and secured loans. K.R. Kamath, Chairperson of the newly constituted Board  of Niwas Housing Finance, added: “Niwas is well-positioned to expand access to home ownership in India. As we embark on this renewed journey of Niwas, I am confident that the new board’s collective experience will provide valuable strategic guidance and oversight to the Company, ensuring Niwas scales responsibly, with customer-centricity and prudence at its core.” 
 

Soon, residents can look forward to living closer to work, more housing options, and better civic infrastructure. CMDA's upcoming third master plan is considering a higher FSI in key zones, mixed-use development, and phased upgrades to support compact, vertical growth across the city. Chennai Metropolitan Development Authority (CMDA) is preparing the third master plan (TMP) for the 1,189 sq km of Chennai Metropolitan Area. To reshape Chennai's skyline, the plan proposes higher FSI in targeted zones such as metro corridors, entertainment zones, commercial centres, and industrial belts to boost vertical growth. "We need to make better use of city space — increasing FSI near metros, malls, green zones, and industrial areas in a planned manner, rather than blindly, will help more people live closer to work and transport, while making the most of existing infrastructure, Meanwhile, CMDA is also planning to improve underground amenities to  support vertical growth. "We understand that increasing FSI without adequate infrastructure upgrades — particularly underground sewage, water supply, and roads — could strain already overstretched civic services. We recommend phasing utilities based on carrying capacity," the official. That strategy is valid even today and can be pursued. Another critical issue is the inter-institutional coordination. The onus to make other functional agencies have a sense of ownership for the master plan lies with CMDA," he added. CMDA minister P K Sekarbabu said that the master plan will be rolled out on time.
 

Hoembyers in the city may face delayed possessions as technical glitches and approval baclogs in the chennai Metropolitan Development Authority CMDA portal stall real estates projects. Developers cite repeated processing of Completion Certificates CC particularly for high rise buildings. Builders have raised concerns over persistant technicals issues and administrative delays hampering the apparoval and completion process. The major problem, they say lies in uploading large project flies on CMDA  online portal. Even after obtaining approvals, the release of the sanction plan is often delayed. This affects critical project activities such as bank funding, legal clearances, and on-site work, creating uncertainty for developers, investors, and homebuyers alike. Completion Certificates — essential for handing over finished units — are also delayed, despite developers meeting all clearance requirements. We understand checks for buildings or setback violations, but CMDA staff are now raising objections even for minor architectural fins, claiming they affect setback areas, said a builder. "It now takes 60 to 90 days to get the CC. Even in a clean case, it takes 45 days. Homebuyers are forced to pay EMI without taking possession of their homes," said a builder. A senior CMDA official acknowledged the issue, stating, "We are studying the DTCP software, which seems to be more efficient. The glitches will be addressed." He, however, said that there are issues pertaining to incomplete documentation done by certain architects. "This is a major hurdle. We are planning to conduct training sessions again. 
 

Housing finance companies (HFCs) are expected to post modest earnings for the June quarter, as industry-wide loan disbursals rose about 8% year-on-year, analyst estimates show. However, margins are likely to come under pressure due to heightened competition from banks and the impact of recent rate cuts. Additionally, provisioning costs may rise amid slower recoveries, potentially resulting in flat growth in profit after tax. According to estimates by brokerage firm PL Capital, the assets under management (AUM) of HFCs are expected to surpass ?3.7 lakh crore as of the end of the June quarter, marking a 1% sequential growth. However, loan disbursals may decline by over 26% quarter-on-quarter due to seasonally weak demand. "Bank credit to HFCs has been slowing due to weaker demand, decelerating from 13.0% YoY in July 2024 to 9.0% in May 2025," said Gaurav Jani, analyst at PL Capital. "While banks' housing credit growth was tepid at 0.9% in May 2025, the increased liquidity in the system could lead to a slight pickup in housing credit, further intensifying competition for HFCs." Five Star Business Finance, meanwhile, is expected to report subdued loan growth and disbursements, as the company maintains a cautious approach amid ongoing asset quality and collection challenges.
 

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.