Real Estate News Roundup: 10 September 2026

The Supreme Court has told the Noida Authority it cannot bill homebuyers for a builder's delay, the same authority has raised what it pays farmers for land by up to 53%, and the DDA's 25% discount on Narela flats runs out in three weeks. Here is what moved in Indian real estate today, and what each item changes for someone actually buying.

Key takeaways

• Supreme Court, 3 September: NOIDA's time-extension charges of 4%, 5% and 6% of the lease premium cannot be treated as insolvency resolution costs or passed to homebuyers.
• Noida land compensation is now Rs 6,459 per sq m — a 53% jump in one category and 21% in another, which raises the input cost for every future project in New Noida.
• IT and ITeS plots in Noida now cost a flat Rs 86,000 per sq m, replacing phase rates that ran from Rs 27,560 to Rs 77,620.
• DDA's Nagrik Awaas Yojana closes on 30 September with a flat 25% discount, EWS units under Rs 10 lakh and LIG around Rs 15 lakh in Narela.
• Rates are still on hold. The repo rate is 5.25% after a fourth straight pause, and the next MPC meets 5 to 7 October.
• The quarter's data does not agree with itself. One consultancy has top-seven sales down 6% year on year; another has top-eight sales at 91,729 units and running ahead of new supply.

National

Two houses, two versions of the same quarter. PropTiger's read of the June quarter puts sales across the top eight cities at 91,729 units against 89,161 launches, with both down about 4% on the March quarter and the sales-weighted average price at Rs 10,153 per sq ft, a second straight quarter above Rs 10,000. Anarock, covering seven cities, reports sales about 6% lower year on year at 90,715 units with launches up 7% at roughly 106,000. The city sets differ and so do the methods, so treat the direction, not the decimal, as the finding: volumes have flattened and prices have not.

Offices are the stronger half of the market. CBRE recorded an all-time quarterly high of about 24.6 million sq ft of gross leasing in the June quarter, with global capability centres taking 42% of it at a record 10.3 million sq ft, and first-half leasing at 45.5 million sq ft. Colliers expects GCC leasing to grow 15% to 20% over the next two years and to account for as much as half of India's office take-up this year. Grade A demand is being talked about at close to 70 million sq ft for the full year, with 80% to 90% of new supply green-certified. If you own commercial space, that is the demand pool you are letting into — our office space listings track where it is being absorbed.

Borrowing costs have not moved since the spring. The repo rate stands at 5.25% after the August review, the fourth consecutive hold. Advertised home loan floors sit between roughly 7.10% and 7.25% at public sector lenders for borrowers with a credit score above 800. Private lenders' published numbers are less consistent — one large private bank shows 7.15% on its own rate page while comparison sites list its lowest slab at 7.75%. Ask for your sanctioned spread over the repo in writing rather than trusting a headline rate.

Delhi NCR

The Supreme Court has drawn a line on who pays for a builder's delay. In a judgment delivered on 3 September, a bench of Justices J.B. Pardiwala and K. Vinod Chandran set aside an NCLAT direction that had treated NOIDA's time-extension charges as resolution costs in the insolvency of Granite Gate Properties, the developer of Lotus Boulevard in Sector 100 and Lotus Panache in Sector 110. The lease terms charged 4%, 5% and 6% of the lease premium for the first, second and third years of delay, and the authority had sought extension charges over a period running to about ten years. The court's reasoning was blunt: the buyers did not cause the delay and cannot be made to fund it. Our full report is at the Supreme Court ruling on delay penalties.

Noida's land is about to get more expensive to buy. At its 223rd board meeting on 5 September, chaired by Infrastructure and Industrial Development Commissioner Deepak Kumar, the authority set farmer compensation at Rs 6,459 per sq m. Reports describe the increase two ways — 53% for land given up with a 5% developed abadi plot, and 21% in the category without one — because the two categories started from different base rates. The rates for DNGIR, the New Noida project, have been brought in line with Greater Noida and Yamuna Expressway authority norms. Higher acquisition cost feeds through to allotment rates and eventually to flat prices, which is the part buyers should be watching. Detail in our piece on the compensation hike.

Stalled-project registries are moving, slowly. The same board reviewed the stalled-project policy: across 57 projects, 21,034 flats were identified as unregistered, and 6,807 of them had been registered as of 31 August. The authority reports collections of about Rs 872 crore, with registration permitted once a builder deposits the required 25%. Notices have gone to 23 developers still short of that mark. If your flat is in one of those towers, the payment status of your builder, not your own paperwork, is what decides when you get a registry.

Circle rates remain the split story in NCR. Gurugram's collector rates for 2026-27 took effect on 1 April with increases of 15% to 30% across most categories and as much as 75% in the Dwarka Expressway and Southern Peripheral Road belts, while about 51% of areas in the district saw no change at all — the area-wise list is in our Gurgaon collector rate guide. Delhi, meanwhile, is still working off the 2014 schedule; a revision committee's proposals have not been notified, so the category-wise rates in force are the ones your sub-registrar will apply.

Launches and schemes to watch

• DDA Nagrik Awaas Yojana, closing 30 September. First-come-first-served booking with a flat 25% discount on Narela and Siraspur stock. Counts of the flats on offer vary by report between roughly 1,183 and 1,712, so check the live inventory on the DDA portal rather than a news figure. Our walkthrough is at the Narela discount scheme.
• County Group, Sector 88A Gurugram. Announced on 9 September: about 24 acres, 844 homes across nine towers, an estimated gross development value of Rs 4,500 crore. No HARERA registration number, price list or possession date has been published yet. Wait for all three.
• Noida IT and ITeS plots at Rs 86,000 per sq m. The uniform rate replaces phase-wise pricing of Rs 77,620 in Phase 1, Rs 39,580 in Phase 2 and Rs 27,560 in Phase 3. Phase 2 and Phase 3 land has effectively more than doubled in price for fresh allotments.
• The festive quarter. October to December is historically the heaviest launch window in NCR, and Gurugram has been carrying roughly three-quarters of the region's new launches. Expect choice, and expect payment-plan sweeteners rather than headline price cuts.

RERA and policy

The insolvency ruling matters beyond Noida. Several stalled NCR projects are working through resolution processes where an authority is also a creditor. The court's position — that a statutory dues claim arising from the old promoter's default cannot be recovered from allottees or the incoming resolution applicant — removes a cost item that had been quietly loaded onto buyers in resolution plans. It does not, however, touch your separate RERA remedies for a delayed flat, which are set out in our guide to possession delay and refund rights.

Noida's board also cleared civic items with a longer tail: a 100 tonne-per-day waste-to-energy plant in Sector 145, solarisation along the Noida Expressway, and a standard operating procedure for the one-time lease rent corpus fund. None of these change a price today. The lease rent SOP is the one to read if you own a plot or a commercial unit on Noida Authority land.

The next rate decision is 5 to 7 October. With four holds behind it and the repo at 5.25%, the committee's language on inflation and growth matters more to your EMI than the decision itself. If your existing loan carries a spread of more than about 2.50% over the repo, that gap is worth a conversation with your own lender before you shop for a transfer.

What it means for you

• If your project is in insolvency: read the resolution plan for any line item recovering authority dues, extension charges or penalties from allottees. That head of claim is now much harder to sustain after 3 September.
• If you are buying in Noida or Greater Noida: the compensation hike raises the floor under future land costs, so today's launch prices are unlikely to be the cheap ones later. Compare the two authorities carefully — our Noida against Greater Noida comparison sets out the per sq ft gap.
• If Rs 15 lakh to Rs 75 lakh is your budget in Delhi: the DDA discount closes on 30 September, and Narela's problem is commute, not price. Visit before you book; first-come-first-served means no second look.
• If you are buying in Gurugram: the circle rate rise has already lifted your stamp duty bill in the Dwarka Expressway and SPR belts, and about half the district is untouched. Check your specific village or sector rate before you budget — the Gurugram market guide has the corridor-level context.

Where this sits against the summer: our roundups of 1 July and 2 July are the same daily record a quarter back, and the record FY26 presales the listed developers reported is the supply-side story running underneath all of it.

We publish this roundup every day. If you want a specific project, sector or authority scheme checked against the current numbers rather than the marketing sheet, ask us.