Keir Starmer announced a £15bn defence investment plan, increasing spending to 2.7% of GDP by 2030, funded by diverting money from energy, transport, and housing projects. He warned his successor, likely Andy Burnham, against borrowing more for defence, despite calls for higher spending from former Defence Secretary John Healey and military chiefs.
The Stirchley Cooperative Development in Birmingham, a landmark community-owned housing project, faces collapse due to a £1.16m cost dispute with GreenSquareAccord (GSA), threatening 39 affordable homes and local businesses.
Xia Baolong, Beijing's point man on Hong Kong affairs, began a two-day visit inspecting housing and technology projects. He visited a public housing site using modular construction, highlighting Greater Bay Area manufacturing capabilities to address Hong Kong's housing shortage.
Odisha's government has introduced a Special Order to resolve long-pending registration issues for apartments in projects completed before RERA's implementation in 2016. The move aims to help buyers, landowners, and promoters overcome documentation and compliance hurdles, with specific eligibility criteria and conditions for registration.
King Salman Center for Relief and Humanitarian Aid signed an agreement to support farmers in Yemen's Hadramout and Socotra governorates. In Shabwah, a housing project for orphans was launched. Meanwhile, Kuwait International Airport was targeted by drones and missiles, causing damage and injuries, leading to the suspension of flights.
Thousands allegedly defrauded in a large housing project in Esenyurt, Istanbul, initiated in 2011. Buyers claim homes were not delivered, were incomplete, or had title deed issues, with some asked to repurchase their properties. An investigation is underway.
ShindongA Construction has been selected as the builder for a small-scale housing redevelopment project in Anyang, Gyeonggi Province, marking its first project win of the year. The project, valued at 50.4 billion won, involves constructing a 124-unit apartment building and commercial spaces.
Puravankara Ltd has acquired a 14.57-acre land parcel in Bengaluru for a new housing project expected to generate Rs 2,300 crore in revenue. The acquisition strengthens the company's presence in the Bengaluru market.
The Delhi Development Authority (DDA) has extended the payment deadline for its premium Towering Heights project in Karkardooma to June 30, 2026, due to delays in statutory approvals and physical possession. Allottees can pay without interest until June 30, 2026.
Lodha Developers Ltd will launch residential properties worth nearly Rs 22,000 crore during fiscal 2026-27, planning 15 million sq ft for sale with estimated revenue of Rs 21,800 crore. The company aims for 17% growth in sales bookings to Rs 24,000 crore, following 16% growth last fiscal to Rs 20,530 crore. Projects will span Mumbai Metropolitan Region, Pune, Bengaluru, and Delhi-NCR.
County Group has acquired two stalled housing projects in Gurgaon, adding 2.6 million sq ft of saleable area and bringing relief to nearly 400 homebuyers who have been waiting for over a decade.
