Secretary Srinivas Katikithala emphasized the need to shift from traditional ownership models to flexible housing solutions, such as rentals and shared accommodations, to align with the mobility and dynamic needs of India's youth. Discussions at the CII-MoHUA conference also highlighted reducing land costs, enhancing urban infrastructure, and addressing affordability challenges to support a mobile workforce.
PMAY-U has provided over 88 lakh homes to families across India since its launch, transforming lives and offering stability through affordable housing. The initiative’s second phase, PMAY-U 2.0, aims to build 10 million more homes, furthering the mission of Housing for All.
NeoLiv, a real estate startup, is closing its first Rs 1,000 crore fund to support plotted development projects, particularly villa communities in strategic locations like Alibaug and Sonepat, leveraging infrastructure growth and rising demand.
Vianaar has launched its first international project, Pol Vatta Estate, in Ahangama, Sri Lanka, offering exclusive villas surrounded by lush greenery. The company plans to invest ₹80-100 crore in the region over the next 2-3 years.
Microsoft has acquired a 25-acre land parcel in Mekaguda, Hyderabad, for ₹181.25 crore, marking another strategic investment to expand its operations in India.
The Uttar Pradesh government has introduced revised guidelines for the allotment of commercial plots in Noida to improve transparency and address procedural irregularities. T
The Enforcement Directorate conducted searches on Orris Infrastructure and its associates under the PMLA, seizing luxury cars, freezing assets worth ₹31.22 crore, and uncovering fund diversion in Gurugram's Greenpolis housing project.
IKIGAI Goa, India’s first luxury senior living community, offers a harmonious blend of comfort, care, and community in a scenic 7.5-acre setting. It reimagines senior living with a focus on dignity, independence, and social engagement.
The Economic Offence Wing of Mumbai Police has filed an FIR against individuals associated with Anchor Leasing Pvt. Ltd. and Shah Construction Company Ltd. for allegedly misappropriating ₹51 crore invested by the Ashwin Sheth Group in 2008, with the amount now exceeding ₹700 crore due to delays and damages. The investigation is ongoing, focusing on criminal breach of trust and financial misconduct.
The Government of India spends ₹2.3 crore monthly on 112 consultants, raising concerns about financial sustainability and the loss of institutional knowledge. Experts suggest focusing on developing government officers' skills to reduce dependency on external experts.
Ashar Group’s luxury project, The Legend by Ashar in Pali Hill, Bandra, has surpassed INR 500 crore in sales within 15 months, reflecting strong demand for high-end properties. T
Gopalan Enterprises plans to expand its residential portfolio by 2 msft in 2025, targeting ₹500 crore revenue.
MPCB has imposed strict regulations on RMC plants in MMR to curb air pollution, including bans on new plants and mandatory anti-dust measures for existing ones. Compliance is crucial to balancing urban growth and environmental health.
Shraddha Kapoor's decision to rent a luxury apartment in Juhu reflects a growing trend among Bollywood stars for flexibility, convenience, and high-end living. Renting offers celebrities access to prime locations without long-term ownership commitments.
IIT Bombay and HSBC India collaborate to incubate six innovative green hydrogen projects, advancing clean energy solutions and supporting India's net-zero vision.
Landmark Group launched Landmark Gardencity in Tohana, Haryana, a 26-acre premium DDJAY plotted development featuring 405 residential plots and top-tier amenities for community living.
Property Share Investment Trust (PSIT) has launched India's first Small and Medium Real Estate Investment Trust (SM REIT) IPO, offering a new way for retail and small-scale investors to access real estate.
M/s P K S Estate lost ₹85 lakh in a land fraud involving a fake sale of property in Goa. The fraud was uncovered when the company attempted to register the property, revealing forged documents and fake heirs.
Nuvoco Vistas Corp. Ltd. has launched the Nuvo Setu App to enhance the customer experience for its Cement and MBM customers, offering features like real-time order tracking, credit management, and seamless accessibility as part of its digital transformation journey.
The Uttar Pradesh government’s new bulk land allotment policy streamlines land acquisition and offers incentives to attract top global companies, aligning with its FDI Policy-2023. The initiative includes “plug-and-play” industrial zones to boost investments, create jobs, and enhance the state’s industrial ecosystem.
HoABL has acquired the American Center in South Mumbai for ₹56 crore, planning to redevelop it into a premium residential project, marking its entry into city-centric developments.
BCD Group has launched BCD City, a ₹500 crore integrated township in Hoskote near Bengaluru, offering 900 pre-leased residential units, villa plots, and commercial spaces. Strategically located near key infrastructure projects, it features modern amenities and eco-friendly design for sustainable urban living.
Godrej Properties has launched a QIP to raise Rs 6,000 crore, aiming to support land acquisitions, project financing, and sales growth targets while maintaining a strong financial position.
IITGNL's first group housing scheme in Greater Noida aims to generate over Rs 1,100 crore through e-auction of four plots.
Homversity secures $1 million in funding to expand its scalable student housing model, addressing the ₹58,000 crore student housing market in India by connecting students with secure, convenient accommodations.
India Sotheby’s International Realty, in collaboration with CNBC TV18 and Grant Thornton Bharat, hosted the Family Office Excellence Awards 2024, celebrating the contributions of family offices to governance, impact, and innovation.
Zapkey, a Mumbai-based proptech startup founded in 2020, guarantees home sales within 90 days or buys the property itself, offering a seamless, data-driven solution for India’s $30 billion resale market. By simplifying pricing, processes, and trust, it aims to transform home selling with transparency and convenience.
India's real estate sector is rapidly embracing sustainability, driven by environmental goals, policy incentives, and rising demand for eco-friendly living and working spaces, with green buildings offering significant economic and environmental benefits. This shift is reshaping urban development, enhancing property values, and aligning with India's net-zero emissions target for 2070.
Kalpataru Limited's SEBI-approved ₹1,590 crore IPO will reduce debt, fund growth, and strengthen its market presence, backed by an extensive project pipeline and experienced leadership.
The Aramghar to Zoo Park flyover in Hyderabad, spanning 4.04 kilometers, is nearing completion and aims to ease traffic congestion at five major junctions.
The MCD proposes a ₹1,144.3 crore project to replace 4 lakh outdated lights with energy-efficient LEDs across four zones in Delhi, aiming to enhance public lighting and reduce maintenance challenges.
Avighna Group has acquired Emaar Business Park–Building 3 in Dubai for AED 240 million, marking its entry into Dubai's thriving real estate market with a Grade-A commercial property in a prime location. The acquisition reflects growing investor confidence in Dubai’s premium commercial real estate, driven by limited supply and strong demand.
Nippon Life India Asset Management Ltd. has acquired two premium commercial properties in Lower Parel, Mumbai, for Rs. 486 crore, reinforcing its presence in the city’s growing office space market.
AltDRX strengthens its leadership with the appointment of Manisheel Gautam as CMO and Shikhar Daydar as CPO, aiming to innovate and expand the digital real estate investment platform in India.
tesa has opened new offices in Mumbai and Bengaluru as part of its strategic expansion in India, focusing on enhancing customer collaboration and sustainability in its operations.
Shishir Baijal, Chairman and MD of Knight Frank India, will assume the role of Non-Executive Chair for Knight Frank Asia-Pacific from April 1, 2025, overseeing business growth in this dynamic region while continuing his leadership in India. With nearly four decades of global experience, Baijal’s strategic vision aims to strengthen Knight Frank’s presence and drive success across Asia-Pacific.
Haryana CM Nayab Singh Saini announced the construction of five lakh houses and various welfare initiatives to uplift marginalized communities, including housing under Mukhyamantri Shehri Awas Yojana and financial assistance through other schemes.
Nithin Kamath, Co-founder of Zerodha, has proposed linking property prices to air and water quality, suggesting discounts for areas with poor environmental conditions to address the growing pollution crisis.
Signature Global sold ₹2,300 crore of properties at Daxin Vistas in just 10 days, with strong demand for both mid-income housing and industrial plots. T
Sundream Group's mixed-use project, Anthurium, has successfully leased 60% of its Phase 1 retail space, featuring global brands like McDonald's, Pizza Hut, and Costa Coffee.
The Mangaluru City Corporation (MCC) is preparing to introduce a revised building bylaw aimed at addressing construction violations and promoting the planned development of the city.
Mumbai's luxury real estate market thrives with high-net-worth individuals making significant investments, as seen in Jagdish Master's Rs 105 crore sea-view apartment purchase at Oberoi Three Sixty West.
A portion of a historic British-era bridge between Kanpur and Unnao collapsed early Tuesday, following years of deterioration.
The NCR luxury real estate market has experienced robust growth in H1 2024, driven by infrastructure developments like Dwarka Expressway and Yamuna Expressway, alongside rising demand for premium housing in regions like Gurugram and Noida.
Nine landlords in Samba district, Jammu and Kashmir, were booked for failing to comply with mandatory tenant verification, a measure aimed at streamlining security by monitoring the identities of non-local residents.
Godrej Properties Ltd has acquired a 53-acre land parcel in Joka, Kolkata, for a residential plotted development, with an estimated revenue potential of ₹500 crore. The
Indore is restoring the Kanh and Saraswati rivers by surveying encroachments with drone technology, removing obstructions, and addressing pollution through sewage treatment plants.
The GHMC demolished a five-storey illegal building in Gachibowli due to safety risks and regulatory violations, emphasizing its zero-tolerance policy on unauthorized constructions.
BHIVE Workspace has launched a 1,000-seater coworking space in Bengaluru's Old Airport Road, reflecting its strategy to meet the growing demand for flexible office spaces.
AkzoNobel India plans to sell non-productive properties as part of its strategy to optimize resources, while its Dutch parent evaluates collaborations to strengthen its position in India's competitive decorative paints market.
Provident Housing has launched Provident Bayscape in Chennai's southern suburbs, offering 676 residential units with modern amenities.
ANZ has renewed its lease for 6 lakh sq. ft. of office space at Embassy Manyata Business Park in Bengaluru, paying ₹6 crore monthly for the next four years.
NTPC's ‘Sukh’ Eco-House, showcased at IITF 2024, offers affordable, eco-friendly housing using 80% fly ash-based materials, promoting waste reuse and reducing construction emissions.
Prominent developers, including Lodha Group and K Raheja Corp, have applied for the deregistration of 19 projects in Maharashtra due to market challenges, with public objections invited by MahaRERA.
RMZ Corporation and Colt Data Centre Services have launched a $1.7 billion joint venture to develop three data centres in India, addressing the growing demand for AI-driven and cloud computing infrastructure.
A Chennai-based real estate businessman was arrested for allegedly defrauding a buyer of ₹1.1 crore by falsely selling a plot of land, with investigations revealing multiple similar scams. The case highlights the growing need for vigilance and stronger safeguards in the real estate sector.
Raheja Developers has appealed to the NCLAT to challenge insolvency proceedings initiated by the NCLT over delays in possession of flats in the Shilas project, following complaints of a ₹112.90 crore default. The NCLT had found the company at fault for failing to meet agreed timelines, rejecting its force majeure defense.
Royalti, a leading real estate consulting firm, achieved over ₹200 crores in sales within three days of launching Oberoi Garden City, contributing significantly to the project's ₹1,350 crores total sales. Their client-focused approach and strong market expertise set a benchmark in Thane's luxury real estate market.
Habitat for Humanity India and Max Estates completed 25 homes in Rewari, Haryana, marking the first phase of their affordable housing initiative, with plans to build 25 more in Bhudla village by 2025.
Bhubaneswar distributed 116 affordable housing allotments under AHP, showcasing efforts to uplift slum dwellers with modern infrastructure. Major housing projects, including 2,600 homes in Chandrasekharpur, highlight the city's commitment to inclusive urban development.
The Bombay High Court has directed Maharashtra's civic bodies to link their websites with MahaRERA for real estate verification and ensure the timely uploading of certificates.
The Indore Municipal Corporation (IMC) demolished 63 illegal structures in Tigaria Badshah, clearing the way for a 30-meter road-widening project to improve traffic flow and connectivity.
hBits has launched a Rs 54.66 crore Grade A commercial asset in Thane’s Wagle Estate, targeting the growing demand for premium office spaces, particularly in the BFSI sector. T
The Indian Hotels Company Limited (IHCL) plans to double its hotel portfolio to over 700 properties by 2030, with a ₹5,000 crore investment.
The Telangana government has approved ₹205 crore for acquiring 280 acres of land to redevelop Mamnoor Airport in Warangal, with AAI overseeing operations.
Sushma Group has partnered with Bayside Corporations to accelerate sales of its luxury projects in Kasauli, aiming for a Gross Transaction Value (GTV) of over Rs 350 crore.
Chennai-based real estate developer Casagrand is rewarding 1,000 employees with a week-long, all-expenses-paid trip to Barcelona as part of its "profit-share bonanza" programme, recognizing their contributions to the company’s success. This initiative reflects the company’s commitment to fostering employee growth and setting new standards in workplace appreciation.
Whiteland Corporation strengthens its leadership with the appointments of Sudeep Bhatt as Director Strategy and Suneet Singh as Senior VP Marketing, driving growth in sustainable luxury residential and retail spaces.
A 14,800 sq yard land in Vastrapur, Ahmedabad, was sold for Rs 400 crore to Godrej Properties Limited, marking a significant expansion in the city's luxury real estate sector.
India’s four listed REITs distributed ₹2,754 crore in H1 FY24, marking 14% growth, reflecting their rising appeal among investors. Recent government reforms, including reduced LTCG tax holding periods, are set to boost liquidity and attract more investments in the growing Indian REIT market.
Delhi’s record-breaking pollution crisis, marked by AQI levels soaring to 1000, has caused significant disruptions in the real estate sector, impacting construction, costs, and workforce.
UltraTech Cement plans to raise ₹3,000 crore via NCDs to strengthen its finances amid rising competition and raw material costs. Despite financial pressures, the company is pursuing strategic investments and sustainability initiatives to bolster market presence and long-term growth.
Amazon India is relocating its Bengaluru headquarters from the WTC in Malleswaram to a cost-efficient, state-of-the-art campus near the airport by 2026, aiming to enhance employee collaboration and cut operational costs. The move could impact real estate dynamics, with challenges for Brigade Enterprises and potential growth in the airport area as a business hub.
The National Housing Bank (NHB) signed MoUs with 116 Primary Lending Institutions (PLIs) to implement the Interest Subsidy Scheme (ISS) under PMAY-U 2.0, aimed at improving affordable housing access for urban poor and middle-class families.
Emaar India launches 'Amaris', a sustainable luxury residential project in Gurugram, offering eco-conscious 2, 3, and 4 BHK homes with modern amenities.
The GRAP Stage III restrictions in Delhi-NCR, aimed at curbing severe air pollution, have halted non-essential construction activities, raising concerns among real estate bodies about project delays, financial strain, and worker livelihoods. Developers urge exemptions for RERA-compliant projects to mitigate economic and social impacts.
Prestige Group has acquired 22,135 square meters of land in Mumbai for ₹291.6 crore to develop a 1-million-square-foot residential project, strengthening its presence in the city's high-demand luxury housing market. This move aligns with India's rising land transactions and urban demand for premium living spaces.
Man Infraconstruction Limited (MICL) is set to launch a luxury redevelopment project in Mumbai's Pali Hill area, featuring ultra-luxury apartments.
Onward Workspaces has expanded its presence by leasing 18,000 sq. ft. at Emaar Capital, Gurugram, catering to the growing demand for flexible, high-quality office spaces.
Century Real Estate is set to launch eight premium housing projects in Bengaluru, targeting ₹2,100 crore in revenue this fiscal year, with plans to diversify into senior living.
Experion Developers has launched Phase 2 of its luxury residential project, Experion Elements in Sector 45, Noida, following the success of Phase 1, which achieved sales over INR 950 crore.
Blox has acquired an 11% stake in real estate brokerage Guardians for $12 million, aiming to expand its influence in India by integrating digital solutions with Guardians' extensive industry network.
Awfis Space Solutions has partnered with the National Stock Exchange (NSE) to design, build, and manage a 1.65 lakh square feet office space at the Adani Inspire building in Mumbai’s Bandra-Kurla Complex.
Vatika Group has earned LEED certification for 17 projects across 9.5 million sq. ft., including 11 LEED Platinum-rated developments, showcasing its commitment to sustainable, eco-friendly spaces
In Ghaziabad, concerns have arisen as numerous unregistered flats have been handed over to buyers, causing significant revenue loss and legal issues for developers. The Uttar Pradesh government has initiated an investigation into the irregularities, with reports estimating a ₹12,000 crore financial loss.
The Uttarakhand government is investigating Bollywood actor Manoj Bajpayee’s land purchase in Almora, suspecting it may not comply with state land regulations, amid broader efforts to protect agricultural land from being acquired by outsiders.
A real estate developer in Coimbatore, M. Thangaraj, was arrested for allegedly deceiving over 35 investors through installment-based land schemes under his company, Gokulam Gardens, leading to a police investigation into questionable investment practices.
Bollywood actor Shahid Kapoor has leased out his luxurious apartment in the upscale Three Sixty West, Worli, Mumbai.
The Mukhyamantri Shehri Nikay Swamitva Scheme, launched by the Haryana government, aims to provide ownership rights to long-term municipal property renters.
The Kanpur Metro project is nearing completion of a key extension from Moti Jheel to Kanpur Central, which will enhance public transportation by reducing travel times and easing road congestion.
Industrial Investment Trust Limited (IITL) is launching a ₹500 crore Category I AIF to invest in residential and commercial real estate across Tier 1 and Tier 2 cities, alongside a Housing Finance Company to provide accessible home financing. These initiatives aim to leverage India’s real estate growth and support urban expansion.
Coworking spaces in India are rapidly growing, catering to freelancers, startups, and large enterprises with flexible, cost-effective work environments that support innovation and community. This trend is transforming India's work culture, especially in Tier-2 and Tier-3 cities.
Salesforce is expanding in India with the construction of its first tower in Bengaluru, focusing on AI training, sustainability, and supporting local talent.
Oberoi Realty is expanding its presence in Mumbai and Gurugram with luxury residential and retail developments, aiming to strengthen its position in India’s real estate market.
The Greater Noida Industrial Development Authority (GNIDA) has initiated a tender for Master Plan 2041 to enhance essential infrastructure—drinking water, sewage, and stormwater systems—to accommodate the city's projected growth.
HDFC Capital has partnered with Runwal Enterprises to establish a platform for affordable and mid-income housing in Mumbai, with a focus on sustainable development and addressing the city’s housing needs.
Gurugram authorities conducted a two-day demolition drive to dismantle illegal colonies across several areas, focusing on unauthorized structures in Bhondsi, Alipur, and Gwal Pahari. The
A Mumbai real-estate investor died by suicide due to financial pressures from multiple individuals involved in his business dealings.
Yatin Shah, co-founder of 360 One, has purchased a luxurious sea-facing penthouse in Worli, Mumbai, for Rs 158.5 crore, reflecting the city's booming demand for ultra-luxury real estate. This transaction highlights Mumbai's status as a prime market for high-end properties, attracting affluent buyers seeking both exclusivity and long-term investment value.
Signature Global has reported a significant 217% year-on-year growth in pre-sales, reaching INR 59 billion, with a 342% surge in revenue to INR 11.5 billion for H1FY25.
The Punjab and Haryana High Court has issued notices to Lalit Goyal, MD of Ireo Group, and the Enforcement Directorate following a petition alleging Goyal violated bail conditions by transferring assets and attempting to leave the country.
Mahindra Lifespaces, through a joint venture with GKW, is developing a 37-acre mixed-use project in Bhandup, Mumbai, focusing on residential, commercial, and retail spaces to create a large-scale, integrated community.
Brigade Enterprises is expanding its presence in Chennai with an ₹800 crore residential and mixed-use project in West Chennai.
Delhi-based DLF is set to launch its first Mumbai project in nearly a decade, expected by March FY25. This slum rehabilitation project in Andheri, developed in partnership with the Trident Group, will combine social responsibility with luxury residential offerings.
Chandigarh's rooftop solar installation mandate for homes on plots of 500 square yards or more has seen low compliance, with fewer than 20% of eligible homes participating.
Brookfield India REIT plans to raise ₹3,500 crore to strengthen its balance sheet, reduce debt, and support growth.
Prestige Group expands its presence in Bengaluru with a new 17.45-acre residential project in Whitefield.
India is set to become the largest hub for Trump Towers outside the U.S., with six new projects planned across major cities, including residential towers, offices, and luxury amenities, which are expected to bring significant economic benefits.
Supreme Universal has launched the second phase of its luxury villa project, Supreme Villagio, in Somatane, Pune, offering 70 exclusive 4 BHK villas with top-tier amenities and scenic views. This phase targets high-end buyers, leveraging its proximity to major hubs, the upcoming Navi Mumbai Airport, and the Eastern Ring Road.
CRC Group has launched its first ultra-luxury residential project, CRC Maesta, in Greater Noida West, investing ₹525 crore to offer 358 high-end 3 and 4 BHK apartments across five towers.
Rahul Vaidya recently purchased a luxury apartment worth Rs. 9 crore in Mumbai’s exclusive Bandra West, joining other celebrities in this prime residential area, as reported by Square Yards.
The Indore district administration has launched a crackdown on unauthorized developments, identifying 100 unapproved projects and taking legal action against four developers.
NBCC (India) recently secured a ₹500 crore BIS contract for nationwide construction projects, reflecting its growing role in India’s infrastructure sector.
Gaurav Trehan, CEO of KKR India, has acquired a luxurious sea-view apartment in Mumbai’s exclusive Malabar Hill for ₹88 crore, one of the priciest property deals in India.
Raymond Ltd has reported strong financial performance in its second quarter (Q2) of fiscal year 2025, demonstrating significant growth in its core business areas of real estate and engineering.
Innov8, a leading coworking startup in India, plans to double its centers to 100 by 2025, increasing capacity from 17,000 to over 50,000 seats across major cities.
The NTR district police have launched a comprehensive initiative to combat the illegal diversion of free sand intended for public use, implementing advanced surveillance and community engagement strategies
DLF is set to invest ₹8,000 crore in its ultra-luxury project, The Dahlias, located in Gurugram, featuring 420 spacious apartments and premium amenities.
Certus Capital has invested Rs 150 crore in two housing projects in the Mumbai Metropolitan Region, targeting high-revenue potential and addressing urban housing demand.
The Delhi Development Authority (DDA) will launch Phase 2 of the Sasta Ghar Housing Scheme on November 14, 2024, offering over 2,500 affordable flats across various locations in Delhi.
The Sattva Group plans to invest ₹12,000-14,000 crore to develop residential and commercial projects covering 80 million square feet over the next few years, while also expanding its co-living capacity through the acquisition of Colive.
Brigade Hotel Ventures Ltd plans to raise Rs 900 crore through an IPO to enhance its financial position and expand operations in South India’s growing hospitality sector. T
The Ahmedabad Municipal Corporation (AMC) plans to demolish 33,500 illegal structures that do not comply with the Impact Fee law shortly after Diwali.
GreatWhite Global Private Limited has acquired two luxury apartments worth ₹225 crore in Oberoi Three Sixty West, Worli, Mumbai, marking a strategic entry into the high-end real estate market.
JSW Group has partnered with South Korea’s Posco Group to establish an integrated steel plant in India, with an initial production capacity of five million tonnes per annum.
House of Hiranandani has announced a ₹12,500 crore expansion in the MMR, focusing on luxury residential and commercial projects across 7.3 million square feet.
Concorde has launched Concorde NEO, a residential project on Thanisandra Main Road in North Bengaluru, targeting ₹450 crore in revenue.
The Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to two construction sites in Vile Parle and JB Nagar for violating air pollution control guidelines.
Fracspace, a Hyderabad-based prop-tech startup founded by Unnath Reddy, is revolutionizing Indian real estate by making property investment accessible for middle-class families through its co-ownership model. With rapid growth and ambitious plans, Fracspace offers a blend of affordable ownership and secure returns, transforming property investment in India.
The Merlin Group plans to invest over Rs 10,000 crore in Bengal over the next seven to eight years, focusing on diverse sectors such as real estate, retail, and healthcare.
SEBI will auction seven properties of the Bishal Group on December 10 to recover funds allegedly mobilized illegally from investors, reinforcing its commitment to investor protection and regulatory compliance.
Telangana government plans to establish a steering committee to support Hyderabad's real estate sector, enhancing collaboration between industry leaders and government to drive growth and investor confidence.
CirclePe has launched the exclusive CirclePe Club, aiming to assist 10,000 tenants in securing zero deposit rentals while providing landlords with ₹100 crore in advance rent.
Signature Global's Titanium SPR in Gurugram, a premium residential project, spans 14.382 acres with luxury amenities, partnering with Capacit’e Infraprojects for its ₹1203 crore construction.
The Noida Authority has approved a ₹75 crore budget for a world-class sports complex spanning 26 acres in Sector 123, aimed at fostering athletic talent and enhancing community well-being.
Mahindra Lifespace Developers Ltd. (MLDL) significantly reduced its net loss in Q2 FY25, reflecting improved operational efficiency despite revenue declines. S
DLF Ltd. report Q2 results for fiscal year 2024-25, with net profit doubling to ₹1,381 crore and total revenue surging 48% to ₹2,181 crore
Mumbai's real estate market remains a prime investment choice for Bollywood celebrities, with recent acquisitions by Sunil Shetty and Amitabh Bachchan highlighting ongoing interest in upscale neighborhoods like Bandra.
Kansai Nerolac Paints Limited, India's leading industrial paint manufacturer, has successfully sold its land parcel in Lower Parel for Rs. 726 crore.
The Punjab government, under Governor Gulab Chand Kataria, has approved the Punjab Apartment and Property Regulation (Amendment) Act, 2024, eliminating the need for a no-objection certificate (NOC) to simplify property registration in unauthorized colonies.
The Uttar Pradesh government has approved the Master Plan-2031 for the Raya Urban Centre in Mathura, aiming to integrate residential, commercial, and tourism developments while preserving the area's cultural heritage.
The Bachchan father-son duo continues expanding their real estate portfolio, surpassing Rs. 100 crore in 2024 with a high-value property purchase in Mumbai's Mulund West.
Kalyani Developers is entering the residential housing market with a ₹4,500 crore investment in Bengaluru and Hyderabad, focusing on mid-range and luxury housing.
Urban Vault has expanded its office space portfolio in Bengaluru's central business district by leasing 1.2 lakh sq ft to meet the growing demand for managed workspaces among corporates
AltF Coworking, founded by Sarthak Chhabra and Yogesh Arora, offers flexible coworking solutions and supports young entrepreneurs through initiatives like "Year Zero," providing free office space for early-stage startups.
The Telangana government is devising a rehabilitation plan for families displaced by the Musi River rejuvenation project, offering house sites and 2BHK houses to ensure improved living conditions.
IndiQube plans to raise Rs 800 crore through a November 2024 IPO to fund its expansion in India's growing managed office space market, driven by the demand for flexible workspaces.
Elan Group has secured a ₹1,200 crore investment from Kotak Real Estate Fund to enhance its growth and expansion in Gurugram's competitive real estate market.
Tower 108, a premium commercial project in Balewadi, Pune, offers state-of-the-art office and showroom spaces with excellent connectivity and modern amenities.
Luxury home sales in India are surging, particularly in Delhi-NCR, driven by rising incomes, urbanization, and growing demand from millennials and affluent buyers. Recent reports highlight a significant increase in high-value transactions and a shift towards modern luxury properties.
On October 22, 2024, a six-story under-construction building collapsed in Bengaluru’s Hennur area, killing one person and leaving seven others missing.
The Lucknow Municipal Corporation plans to cap mutation charges at ₹15,000 to reduce the financial burden on property owners, but concerns remain as the limit surpasses the ₹10,000 cap set by other authorities.
Adani Group's Ambuja Cements acquires CK Birla's Orient Cement for Rs 8,100 crore, increasing Adani's cement capacity to 100 MTPA by FY25.
Emaar India announces its entry into the Maharashtra market with Casa Venero, an ultra-luxury villa project in Alibag. Spanning 25 acres, it features 84 exclusive villas within a gated community, offering premium amenities and serene coastal living.
Oberoi Realty sold luxury homes worth ₹1,348 crore in just three days after launching a new project in Thane, highlighting the growing demand for upscale residential properties in Mumbai's suburban areas.
Prestige Estates Projects Ltd is investing approximately ₹7,000 crore in developing "Prestige City," a large township project in Ghaziabad, Delhi-NCR, which aims to provide diverse residential and commercial spaces.
The Noida Authority has sealed Prateek Realtors' assets for failing to clear ₹50.49 crore in dues and suspended an official for negligence in addressing another developer's non-compliance.
The FPCE, led by Mr. Abhay Upadhyay, has urged the Consumer Affairs Ministry to implement sector-specific guidelines to address misleading advertisements, project delays, unfair contracts, and lack of consumer protection in the real estate sector.
Ajmera Realty & Infra India's shares reached a record high after the board approved a preferential share issuance to key investors, driving a 50% surge over two weeks. The company anticipates strong revenue growth from ongoing and future real estate projects.
Micromitti Real Estate Ventures is set to launch Real Estate Investment Trusts (REITs) and other investment vehicles aimed at democratizing real estate investment for individual investors, including those with limited capital
Micro Labs Ltd has made a strategic investment by acquiring a 3-acre plot in Hoodi, Bengaluru, for ₹111 crore, marking one of the city’s most significant land deals in recent years. T
Ranbir Kapoor and Alia Bhatt's new home in Bandra, valued at ₹250 crore, has received mixed reactions from fans, with some expressing disappointment over its design despite its sentimental significance.
Gautam Budh Nagar has formed a five-member Safety Committee to oversee the safety of lifts and escalators in high-rise buildings, following the implementation of the Uttar Pradesh Lift and Escalator Rules, 2024.
Unitech Limited has urged homebuyers to clear outstanding dues and update their contact information, with failure to comply potentially leading to the cancellation of property allotments.
The 7th Annual GreenPro Summit, hosted by the Confederation of Indian Industry in New Delhi, focused on advancing towards net-zero through the promotion of ecolabelled products, materials, and technologies.
The Adani Foundation has contributed Rs 100 crore to establish the Young India Skills University (YISU) in Telangana, aimed at providing industry-specific skill development for the region's youth.
Nirala World has acquired a 2.6-acre land parcel in Greater Noida West for ₹180 crore, with plans to develop a large-scale commercial project.
Minimalist Hotels has launched coworking spaces in Goa, Delhi, and Varanasi, merging café environments with flexible work areas for remote workers and digital nomads
HouseEazy celebrated the success of over 1,500 channel partners at a grand summit, highlighting its impressive ₹1,000 crore in transactions and future growth targets of ₹3,000 crore
Cushman & Wakefield has appointed Supriya Chatterjee as Managing Director for North India, where she will lead operations and focus on growth in the Delhi-NCR real estate market. Her experience in office leasing and client relationships will be key to the firm's regional success.
A recent audit by the Central Building Research Institute has declared Tower A of the Chintels Paradiso residential complex in Gurugram unsafe for habitation due to severe structural damage, joining eight other towers previously deemed unfit.
The Executive Centre (TEC) is investing ₹125 crore to expand its presence in India by opening eight new flexible workspace centres across key cities.
The Maharashtra government has approved the conversion of over 11,000 PCNTDA properties to freehold, allowing property holders full ownership rights and easing redevelopment and financing issues.
The Indian government is reviewing the Real Estate (Regulation and Development) Act (RERA) of 2016 to address challenges faced by homebuyers and regulatory authorities in enforcing rulings.
Shapoorji Pallonji has partnered with KREEVA to develop a luxury residential project in Gurugram's Sector 46, targeting Rs 1,200 crore in revenue. This
Haryana's real estate sector faces turmoil as HRERA intensifies action against non-compliant developers, issuing over 207 arrest warrants for delayed projects and regulatory violations.
The Allahabad High Court has stayed the Noida Authority's rejection of Satya Homes Pvt Ltd's construction permit in Sector 161, emphasizing that the Authority must provide solid, legally justifiable reasons for denying building applications.
The Brihanmumbai Municipal Corporation (BMC) plans to auction three prime plots in Mumbai to fund ongoing infrastructure projects, marking its first effort to lease out land assets.
Godrej Properties has expanded its portfolio by acquiring six new land parcels valued at ₹9,650 crore, aligning with its strategy to capitalize on rising housing demand in India.
UPSIDA is organizing an e-auction of 43 plots across Uttar Pradesh to promote industrial and commercial development, aligning with CM Yogi’s strategy to attract investment.
Private equity investments in India's real estate sector surged to $2.2 billion in Q3 2024, driven primarily by the industrial and logistics segment. Overall, PE inflows for the year reached $3.9 billion, reflecting strong investor confidence and a robust macroeconomic environment.
Puravankara Limited plans to expand its land bank to 45 million square feet over the next two years, focusing on key cities like Bengaluru, Chennai, Mumbai, and Pune, while also pursuing redevelopment projects in Mumbai.
DLF Ltd is launching The Dahlias, an ultra-luxury residential project in Gurugram, featuring over 400 apartments priced from ₹80 crore.
Under the Mukhyamantri Awas Yojana-Gramin, Uttar Pradesh has constructed 2.52 lakh houses since 2018-19, benefiting marginalized communities, with ongoing efforts to complete an additional 3,929 homes. The broader PMAY-G initiative has built 35.88 lakh houses since 2016-17, aiming for inclusive housing by 2024-25 despite some remaining incomplete projects.
The Enforcement Directorate (ED) has uncovered over Rs 200 crore in assets during raids at 15 locations tied to Vatika Limited, as part of a money laundering probe. The investigation, linked to investor complaints and financial irregularities, has revealed loans exceeding Rs 5,000 crore and approximately Rs 250 crore generated as Proceeds of Crime.
Innov8 has announced plans to expand its managed office space portfolio by developing 4 million square feet by 2027, backed by a ₹50 crore investment, with a focus on flexible workspace solutions in key metropolitan areas.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched 'Sampada 2.0', a digital platform aimed at streamlining property registration through e-services like e-KYC, digital signatures, and GIS mapping. The initiative seeks to enhance transparency, reduce delays, and provide citizens with a faster, more efficient property registration process.
Oberoi Realty's board has approved raising up to Rs 6,000 crore through various financial instruments, subject to shareholder and regulatory approvals. This follows their acquisition of Nirmal Lifestyle Realty and strong financial performance in Q1 FY25, positioning the company for continued growth in the Mumbai real estate market.
The Kerala government, led by Chief Minister Pinarayi Vijayan, is launching the Wayanad Township Project to construct 1,000 single-story homes for families affected by natural disasters, with provisions for future expansion.
Alka Bhatia Hiranandani, sister of Bollywood star Akshay Kumar, has made a significant impact in Mumbai’s real estate market by purchasing two luxury flats in Juhu for ₹72 crore, highlighting the area’s ongoing appeal among celebrities and high-net-worth individuals.
After a decade of delays, 51 homebuyers of Amrapali Dream Valley Enchante in Greater Noida finally received their keys, with 833 additional units set for handover soon. The NBCC, appointed by the Supreme Court in 2019, is working to complete the project, offering renewed hope to many homeowners.
RMZ Corp plans to invest over $2.2 billion in India's real estate market over the next five years, focusing on office spaces, hospitality, and residential developments across key metropolitan areas.
Brigade Enterprises is investing ₹620 crore to develop a high-rise residential project in Perambur, Chennai, featuring 1,368 units across five towers. This strategic move strengthens Brigade’s presence in the city's booming real estate market.
Hyderabad's water bodies are being lost to rapid urban encroachments, with over 386 acres affected in the past decade, causing significant environmental and political repercussions.
The Maharashtra government is considering allocating 100 acres of land in Madh Island for the Dharavi Redevelopment Project, led by the Adani group.
The Delhi government has imposed a ₹5 lakh fine on a construction firm for violating anti-dust regulations during the construction of a new block at RML Hospital, underscoring its commitment to environmental protection.
WeWork India has launched its latest premium workspace, WeWork 37 Cunningham, in Bengaluru, spanning 61,120 square feet and designed for large enterprises and C-suite executives. The facility features sustainable design, tailored services, and certifications like LEED and WELL, enhancing its appeal to high-profile clients.
Zepto is relocating its headquarters from Mumbai to Bengaluru, consolidating its workforce and enhancing collaboration with its tech teams. The move, which has been delayed to February, will save the company on rental costs while positioning it closer to competitors like Swiggy and Flipkart.
Eco-friendly paints in India, like those from Asian Paints, Berger, and Dulux, offer non-toxic, low-VOC alternatives that promote better indoor air quality and sustainability. These paints are increasingly popular for their health benefits and positive environmental impact.
KBC Global Ltd has launched a new construction project in Deolali, Nashik, as part of its growth strategy both domestically and internationally.
Hero Realty celebrated the unveiling of its new sales gallery for Phase 2 of Hero Homes Ludhiana during a Navratri event, featuring a traditional Havan Puja and a brunch for channel partners.
The Southern Regional Conference 2024, hosted by the IIA Kerala Chapter, will explore the theme "Bridging Binaries," focusing on the intersection of humanity, society, and innovation in architecture.
The Adani Group is in advanced talks to acquire Heidelberg's Indian cement division for $1.2 billion, expanding its footprint in the rapidly growing cement sector.
BDA's recent encroachment drive in Nagarabhavi reclaimed ₹460 crore worth of illegally occupied land, demolishing commercial structures on public land for planned urban development.
CREDAI's partnership with IIMA to launch the Real Estate Development Leadership (RED-L) Programme is set to enhance the professional growth of senior management in the real estate sector.
The ₹187 crore sale of Piramal Capital’s prime commercial asset in Santacruz to Shoquba Realty highlights the continued demand for premium properties in strategic Mumbai locations.
Paranjape Schemes has partnered with Empire Grand to launch the premium 'Lighthouse in the City' project in Thane, offering spacious homes with luxury amenities.
The National Real Estate Development Council (NAREDCO) and the Fire and Security Association of India (FSAI) signed an MoU to enhance fire safety and security systems in India's urban real estate sector.
BBMP's introduction of e-khatas simplifies Bengaluru's property registration by digitizing over 21 lakh records, enhancing transparency and convenience.
The Andhra Pradesh government is addressing sand shortages by allowing excavation from patta lands, operationalizing sand reaches, and initiating de-siltation points while ensuring compliance with environmental norms.
An NRI from Nigeria lost ₹3.6 crore in a Hyderabad real estate scam involving false promises of prime land, prompting a police investigation.
The Mumbai Metro Rail Corporation (MMRC) plans to monetize a 4.2-acre plot in Nariman Point, aiming to raise ₹5,173 crore through a long-term lease to fund metro projects.
The GHMC and HMDA have halted building permissions near Hyderabad's water bodies due to confusion over full tank levels (FTL) and buffer zones, stalling nearly 400-500 projects.
Birla Estates sold properties worth ₹600 crore within 24 hours of launching Phase II of its Birla Trimaya project in Devanahalli, Bengaluru, following the success of Phase I.
A recent ₹14 crore sale of a luxury 4 BHK apartment in Borivali highlights the area’s growing appeal for premium real estate, driven by improved infrastructure and increasing demand.
Kanakia Spaces Realty has secured redevelopment rights for two aging housing societies in Borivali, Mumbai, for ₹208.53 crore under Maharashtra's cluster redevelopment policy.
The Maharashtra Cabinet has approved the utilization of 255 acres of salt pan land in Mumbai for slum rehabilitation, with the Adani Group overseeing the project.
The SRFDCL has relaxed the qualification criteria for bidders and clarified parking regulations to encourage more participation in its riverfront development project in Ahmedabad.
The Maharashtra Cabinet has approved the use of 255 acres of salt pan land in Mumbai for slum rehabilitation, with Adani Group leading the redevelopment.
Aranyakaa Farms has launched H2O – Harvesting a Brighter Tomorrow, a 61-acre sustainable farmland project near Bangalore to address water scarcity. The initiative includes rainwater harvesting, recharging wells, and a man-made lake, aiming for long-term water security. Positioned in the Hosur Economic Corridor, it features eco-friendly community spaces like a green architecture clubhouse and organic farming Gaushala, promoting sustainability while offering investment potential.
Boodati Lakshminarayana, MD of Sahiti Infratec, was arrested by the ED for a ₹360 crore scam involving fraudulent "pre-launch offers" for residential units without regulatory approvals. Over 700 homebuyers were defrauded, with funds diverted for personal use and laundered. The ED seized assets worth ₹161.5 crore, and investigations continue.
Xanadu Realty has partnered with Delta Group, Bhagwati Group, and Pyramid Group to launch Celestria, a ₹1,800 crore residential project in Airoli, Navi Mumbai. Spanning 1 million square feet, it will offer nearly 1,000 units of two, three, and four-bedroom apartments priced from ₹1.4 crore to ₹4 crore. This development aims to meet the growing demand for high-quality housing in the region, combining luxury and modern amenities in an emerging residential hub poised for significant growth.
Kerala continues to struggle with illegal sand mining despite a statewide ban since 2016, with 425 cases reported in 2023-24.
TVS Emerald has acquired 4-acre land parcels in Thanisandra, North Bengaluru, and Padur, Chennai, aiming to expand its presence in high-demand residential markets with a combined potential revenue of ₹900 crore.
Signify has appointed Indian cricket legend Rahul Dravid as its brand ambassador for the next two years, aligning with its focus on innovation and consumer engagement in India. Dravid's values of integrity and dedication complement Signify's commitment to exceptional lighting solutions, aiming to strengthen the brand's connection with Indian consumers.
Bengaluru saw its second driest September in 2024, recording only 23.9 mm of rainfall, yet sudden downpours caused severe waterlogging. Poor urban planning and encroachment on water channels were blamed for the flooding despite near-normal monsoon levels.
A 35-year-old man from Pune has been arrested for allegedly defrauding buyers in a ₹100 crore real estate scam over four years. He lured victims with below-market offers on properties and misused their funds, prompting an investigation into potential complicity from a bank employee. Authorities emphasize the need for caution in the real estate market amid rising fraud cases.
Property Share Investment Trust has submitted draft papers for a ₹353 crore IPO, marking India's first small and medium real estate investment trust (SM REIT), aimed at enhancing public investment in commercial properties.
Ambuja Cements has become the first global cement company to join the Alliance for Industry Decarbonization, reinforcing its commitment to achieving net-zero emissions by 2050.
Maharashtra's new draft housing policy focuses on affordable housing for EWS, LIG, and MIG, aiming to address the state's housing shortage through initiatives like slum redevelopment, land banks, and rental housing zones.
Lucknow leads Uttar Pradesh in rooftop solar panel installations under the PM Surya Ghar Yojana, with significant contributions from cities like Kanpur, Agra, Varanasi, and Prayagraj.
Puravankara is targeting Dubai-based NRIs with property offerings, capitalizing on the 84.4% surge in NRI deposits in 2023-24.
Union Commerce Minister Piyush Goyal pledged to address financing challenges in the real estate sector during the CREDAI conference, emphasizing the need for improved access to bank loans and streamlined approval processes.
NBCC has proposed to take over and complete 17 stalled Supertech projects, offering relief to nearly 27,000 homebuyers stranded due to the developer's financial troubles.
91Springboard has expanded in Hyderabad with a 48,000-square-foot co-working space to meet the rising demand for flexible office solutions.
Shreyas Iyer and his mother recently purchased a ₹2.90 crore apartment in Mumbai's upscale Worli area, adding to his expanding real estate portfolio.
HYDRA's demolition drive in Hyderabad is focused on removing illegal structures and reclaiming public lands and water bodies to protect the city's resources and promote sustainable urban development.
Rising Sun Holdings, led by Adar Poonawalla, has acquired 1.75 lakh square feet of office space in Pune's Cerebrum IT Park for ₹395 crore, marking a significant investment in the city's commercial real estate sector.
Stand-up comedian Munawar Faruqui has purchased a ₹6.09 crore luxury apartment in the under-construction Lodha Aura project in Wadala, Mumbai.
India's Nifty index has reached new highs, driven by strong performance in the real estate and financial sectors, with a 2% weekly gain and 17% year-to-date rise.
Womeki Group launches the “Eye of Goa,” a luxury residential project at Kalavi Beach, Sindhudurg, offering premium plots and eco-friendly villa apartments
The Enforcement Directorate (ED) has seized over ₹42 crore in cash and jewellery during raids connected to retired NOIDA Authority CEO Mohinder Singh.
Inorbit Malls has acquired a 6.5 lakh square feet retail property, Akshay Sky Mall, in Hubballi, marking a significant investment in India's Tier II real estate market.
Goa CM Pramod Sawant has instructed an investigation into the controversial Bhutani project in Sancoale, with the potential to cancel the project if irregularities in approvals are found.
Morgan Stanley has leased 1 million sq. ft. of office space at Oberoi Commerze III in Mumbai for ₹15.96 crore per month, marking one of the city's largest rental deals. T
To secure Noida's future as a sustainable and livable city, proactive and immediate action is needed to address the mounting challenge of construction and demolition (C&D) waste.
The Noida Metro Rail Corporation (NMRC) has issued an expression of interest for three prime commercial plots near the Okhla Bird Sanctuary metro station, covering 44,151 square meters.
Awfis Space Solutions has expanded its footprint with a 30,221 square foot office in GIFT City, Gandhinagar, boosting its total built-up area in Ahmedabad to 83,500 square feet.
The Goa Coastal Zone Management Authority (GCZMA) has demolished illegal constructions in Anjuna's no-development zone to enforce Coastal Regulation Zone (CRZ) norms and protect the coastal ecosystem.
Deepika Padukone's company, KA Enterprises, purchased a luxury apartment in Bandra West for Rs. 17.78 crore, while her mother-in-law, Anju Bhavnani, acquired an adjacent property for Rs. 19.13 crore.
Table Space plans to invest ₹4,500 crore to add 9 million square feet of office space across major Indian cities, capitalizing on the rising demand for flexible and managed workspaces.
DLF is expanding its retail portfolio with three new malls in Delhi, Gurugram, and Goa, aiming to increase its managed retail space from 5 to 6.3 million square feet.
Prithviraj Sukumaran, the renowned Malayalam actor and filmmaker, has expanded his real estate portfolio with the purchase of a ₹30.6 crore luxury duplex in Mumbai’s exclusive Pali Hill.
The Goa government directed the House of Abhinandan Lodha to withdraw a controversial advertisement that offended locals by using the phrase "Conquer Goa," sparking widespread criticism.
Chief Minister N Chandrababu Naidu has taken a firm stance against illegal sand mining in the Chirala constituency, ordering an inquiry in response to widespread local complaints.
Gaurs Group has invested Rs 1,600 crore to develop 'Gaur NYC Residences,' a luxury residential project in Ghaziabad, with all 1,216 apartments sold out in just three days.
Maharashtra has launched a major affordable housing initiative in Mumbai for dabbawalas and charmakars, aiming to build 12,000 homes over the next three years under PMAY.
TREVOC Group has launched TREVOC Royal Residences in Gurugram, a 27-story ultra-luxury project with an estimated revenue potential of INR 1000 Crore.
The Nagpur Municipal Corporation (NMC) is facing significant property tax collection issues due to widespread delivery failures by India Post, with 33.53% of invoices returned undelivered.
The Nashik Municipal Corporation (NMC) is outsourcing the identification of rented residential properties to private agencies due to manpower shortages.
The Bangalore Development Authority (BDA) faces difficulties selling over 3,500 affordable flats due to Vastu Shastra concerns, location, and infrastructure issues.
Rambhav Gattu, Chief Manufacturing Officer of Adani-backed Ambuja Cement, was arrested in Odisha for allegedly attempting to bribe a government official with ₹2 lakh concealed in a box of sweets.
Track3D, an AI-focused startup, has secured $4.3 million in seed funding to advance its reality intelligence platform for construction, enhancing AI-driven progress monitoring.
Puravankara has acquired the redevelopment rights for Miami Apartments in the upscale Breach Candy area of South Mumbai, marking its entry into the city's luxury real estate market.
The MHADA Lottery 2024 has attracted over 68,000 applications for 2,030 affordable homes, following a price reduction of 10% to 25% for 370 units.
Over the past nine years, Gujarat has built over 14.25 lakh homes under the Pradhan Mantri Awas Yojana (PMAY), significantly improving housing for both urban and rural communities.
The Brigade Group's coworking brand, BuzzWorks, has expanded into Hyderabad with a 25,000 square feet office space, tapping into the city's growing demand for flexible workspaces.
Sumitomo Corporation has acquired an 8,054-square-meter plot in Mumbai's prime Worli area from Bombay Dyeing for ₹440 crore, highlighting Mumbai's continued appeal to global investors.
Godrej Properties raised ₹64.6 crore through debentures to strengthen its capital base for project development, land acquisition, and debt refinancing.
Microsoft's acquisition of a 16.4-acre land parcel in Pune's Hinjewadi for ₹520 crore highlights its commitment to expanding its footprint in India's technology sector.
Haryana RERA's new regulation mandates developers to obtain consent from at least two-thirds of homebuyers before making any changes to project layouts, enhancing transparency and protecting consumer rights.
The Gujarat government's new FSI incentives promote sustainable urban development by offering additional floor space for green buildings that meet environmental standards.
Signature Global has awarded Ahluwalia Contracts the construction of its premium project, De-luxe DXP, offering modern living with advanced amenities in Gurugram.
Incuspaze has leased 3.25 lakh square feet of office space in Bengaluru, capitalizing on the rising demand for flexible workspaces driven by hybrid work models and the growth of startups and SMEs.
Deloitte has signed a lease for 80,849 sq. ft. of premium office space in Mumbai’s Oberoi Commerz III, with a monthly rent of ₹2.09 crore and a 15% escalation after 36 months.
Arbour Investments has acquired a $7 million stake in Justo, a leading real estate mandate player, to enhance its market presence and service offerings in the mid-market developer segment.
CapitaLand Investment has plans to diversify its portfolio, tapping into emerging sectors such as data centres, logistics, industrial parks, and renewable energy.
Anupam Kher has purchased an 887 sq ft commercial office space in Mumbai’s Andheri area for ₹3.88 crore, marking his entry into the commercial real estate market.
Raymond Group, one of India's oldest and most diversified conglomerates, is set to undergo a significant transformation by the end of 2025, with plans to publicly list its real estate unit.
Prestige Exora Business Parks, a subsidiary of the Bengaluru-based Prestige Estates, has secured a prime 4.57-acre land parcel in the bustling Kharadi area of Pune.
Punjab government has announced that property registrations in unauthorized colonies across the state can now proceed without the previously mandatory No Objection Certificate (NOC).
AIPL, India’s leading real estate development and hospitality enterprise, is thrilled to announce the grand opening of Club Aqua at AIPL DreamCity, Ludhiana.
Godrej Properties has acquired two prime housing plots in Gurugram through an e- auction, with a potential revenue of ₹3,400 crore, further strengthening its NCR portfolio in the luxury real estate market.
Omaxe Group has announced the launch of "The Omaxe State," a groundbreaking project in Dwarka, New Delhi, with an investment of INR 2,500 crore.
Jio Financial Limited (JFL) is set to disrupt India's home loan market with competitive rates and a seamless digital experience via its JioFinance app.
PVR-INOX plans to close 70 underperforming screens in FY25 while adding 120 new ones, focusing on profitability and a capital-light growth model.
The Khurpia farm in Uttarakhand will be transformed into a smart industrial city with a Rs 6,180 crore investment, creating 75,000 jobs.
The NCDRC's landmark ruling empowers homebuyers to seek refunds if builders fail to deliver promised amenities, addressing longstanding issues in the real estate sector.
The Andhra Pradesh government has established District Command Centers (DCCs) to regulate sand sales and curb illegal activities, aiming to ensure transparency.
IBM has leased 8.3 lakh square feet of office space at Embassy GolfLinks in Bengaluru, reinforcing its long-term commitment to expanding operations in India.
Urban Vault has leased 100,000 square feet at Brigade Summit in Whitefield, marking its expansion into a key office market.
The Ulhasnagar Municipal Corporation has ordered the demolition of a 16-storey illegal building that violated planning regulations.
NBCC (India) Ltd successfully sold all office and commercial spaces in two major projects, World Trade Centre Nauroji Nagar and Downtown Sarojini Nagar.
SEBI Chair Madhabi Puri Buch highlighted the positive industry reception to new regulations for small and medium Real Estate Investment Trusts (SM REITs)
Kartik Aaryan has rented out his luxury Juhu apartment for ₹4.5 lakh per month, reflecting strong demand and high rental yields in Mumbai's competitive real estate market.
M3M India and Oravel Stays have announced a landmark MoU to launch India’s largest SUNDAY Hotel, featuring 220 keys at M3M SkyLoft, Gurugram. T
The Hive Hostels has secured Rs 11.5 crore in pre-IPO funding from prominent investors and is preparing for an IPO next year.
Kangana Ranaut's recent ₹1.56 crore acquisition of an office space in Andheri highlights her strategic investment in Mumbai's growing commercial real estate market.
JP Morgan has leased 5.6 lakh square feet of office space at Embassy TechVillage in Bengaluru, highlighting the city’s growing importance as a global business hub.
HouseEazy, a prop-tech startup based in Noida, has successfully raised $7 million in a Series-A funding round.
The Gujarat government has announced a policy shift to regularize unauthorized constructions in rural areas with up to 4.5 FSI, aligning with the Gujarat Regularisation of Unauthorised Development Act 2022.
Oberoi Realty is developing a 1.8 million sq ft mixed-use complex in Mumbai's Worli, featuring a mall, boutique hotel, and office space.
An Adani Group promoter entity sold a 2.76% stake in Ambuja Cement for ₹4,254 crore through a block deal, aiming to reduce overseas debt and invest in strategic projects like the Dharavi Slum Rehabilitation.
The Lucknow Development Authority (LDA) has secured over 12 hectares of land for the Edu City project, advancing its vision of a world-class educational hub.
The Supreme Court of India criticized Noida and Greater Noida authorities for prioritizing developers over homebuyers, urging greater accountability to protect buyers' rights.
Nadiadwala Grandson Entertainment Pvt Ltd has leased two flats on the 15th floor of Green Acres CHSL in Mumbai’s Lokhandwala Complex for ₹1.8 lakh per month.
The listing of a 4BHK apartment in Bengaluru's Kingfisher Towers for Rs 50 crore highlights the rising value of luxury real estate in the city.
Tribeca Developers is set to finalize agreements for four to five new Trump Tower projects in major Indian cities by September.
The Rustomjee Group has launched "Verdant Vistas," a luxury residential project in Thane with a GDV of ₹1,750 crore, in collaboration with Keppel.
Aranyakaa Farms leading in managed farmland, has reported a remarkable appreciation with an increase of up to 75% in farmland value across nine projects in just three years.
Prestige Group is set to invest Rs 10,000 crore by FY25 in land acquisition and project development, aiming to strengthen its market presence and achieve ambitious sales targets.
Sonakshi Sinha's Bandra apartment, listed for Rs 25 crore, has garnered attention due to its prime location, modern design, and celebrity ownership.
The Chintels Paradiso residential complex in Gurgaon faces a severe crisis, with Tower C declared unsafe due to rapid corrosion and structural failures.
Shapoorji Pallonji Group has consolidated its real estate assets under the new entity, Shapoorji Pallonji Real Estate (SPRE), to enhance operational efficiency a
The Mumbai Crime Branch arrested two men for creating a fake MHADA website, duping hopeful applicants in the 2024 lottery scheme.
KDMC's demolition of a 10-floor illegal building in Kalyan-Dombivli emphasizes the need for strict enforcement of urban regulations.
Axis Ecorp's collaboration with FOIC and Moneytree Realty introduces fractional ownership of luxury suites in North Goa, making high-end real estate investments more accessible.
The DDA’s new General and Dwarka Housing Schemes provide affordable and premium housing options, addressing diverse needs across Delhi.
Smartworks Coworking Spaces has filed with SEBI for an IPO to raise ₹550 crore, with plans for loan repayment, capital expenditures, and general corporate purposes.
The Swamitva Yojana is designed to address the longstanding issue of land tenure insecurity in rural areas by providing property cards to those residing in Abadi Deh areas.
In a recent move, Karnataka has temporarily banned any changes in land use within the Western Ghats while proposing a comprehensive master plan to ensure the area's long-term protection.
The Enforcement Directorate has attached ₹678 crore worth of assets from the Avantha Group as part of loan nvestigation involving Gautam Thapar and others.
Walplast Products Pvt. Ltd. has introduced HomeSure MasterTouch WaterLock, a new waterproofing solution designed to protect homes and buildings from water damage.
Deceptive website impersonating MHADA's lottery system have misled applicants into making unauthorized payments.
The Indian government has revised the Pradhan Mantri Awas Yojana (PMAY) to lower income eligibility for interest subsidies and reduce the maximum subsidy amount, enhancing inclusivity.
Reliance Infrastructure has established Reliance Jai Properties Private Limited to tap into India's expanding real estate market.
hBits has launched a ₹63-crore commercial space in Pune, offering investors fractional ownership with high returns, highlighting the growing trend in India's real estate sector.
Colliers India successfully delivered two landmark projects for Fortius Infra in Bengaluru, showcasing the impact of strategic partnerships.
Pratik Vira is facing charges for allegedly using forged documents to claim 71 properties and defraud his partners of ₹13.65 crore.
The Comptroller and Auditor General (CAG) criticized the Indian Railways for a ₹835 crore loss due to a flawed land development decision in Bandra East, Mumbai.
Kempegowda International Airport in Bengaluru won seven awards at the FAB + Hospitality Conference, including honors for its 080 Lounge and innovative restaurant designs. T
NBCC (India) Ltd has secured a ₹15,000 crore project to develop a 406-acre satellite township in Srinagar, including residential, commercial, and recreational spaces
Saugata Gupta and Reema Sen’s purchase of a ₹36.4 crore apartment in Mumbai’s Birla Niyaara reflects the strong demand in the city's luxury real estate market.
The Greater Noida Authority raised ₹1,500 crore from selling five group housing plots, with bids exceeding reserve prices by 128%.
Blackstone's ₹4,550 crore sale of Nexus Select Trust units reflects a strategic shift in India's REIT market, emphasizing the growing appeal of retail-focused REITs.
Yohan and Michelle Poonawalla have acquired a 30,000 sq. ft. mansion in Mumbai's Cuffe Parade, which they plan to transform into a luxurious secondary residence.
The Delhi Development Authority's Sasta Ghar Housing Scheme 2024 offers around 34,000 affordable flats to LIG and EWS residents in Delhi, aiming to alleviate housing shortages in the city.
Real Estate Stocks Surge as Government Proposes Amendments to LTCG Tax Rules
Civil Engineer's Social Media Post on Kolkata High-Rise Water Leaks Highlights Nationwide Issue
Centre Denies Metro City Status to Bengaluru, Impacting HRA Tax Exemptions
Haryana Cabinet Approves Amendments to Mukhya Mantri Shehri Awas Yojana
Gurugram Administration Orders Evacuation of Chintels Paradiso Tower J Citing Serious Structural Risks
Retired Police Officer Duped of Rs 14.70 Crore in Real Estate Investment Fraud
RMZ Corp and CPP Investments Sell Chennai Office Space to Keppel Ltd for Over Rs 2,200 Crore
Ahmedabad’s Sabarmati Riverfront Corporation Is Set To Auction of Prime Plots For Urban Transformation
Understanding the Importance of Occupancy and Completion Certificates in Real Estate
Delays in Major GMADA Housing Projects Impact Mohali's Real Estate Market
Gautam Adani Plans Retirement at 70: What’s The Group's Succession Plan?
UP to Build a New Township in Ghaziabad, Named Harnandipuram
Sanjeev Jain, CEO of Parsvnath Developers, Arrested After 60-Kilometre Police Chase
Bharat Realty to Build Sixth Taj Hotel in Goa: ₹300 Crore Project to Begin in September 2024
Lemon Tree Hotels to Open New Property in Nashik, Strengthening Maharashtra Presence
Ola Group Executive Amit Anchal Purchases ₹13.5-Crore Villa in Bengaluru
Ambuja Cements to Invest Rs 1,600 Crore in Bihar Cement Grinding Unit
Prestige Estates Eyeing Four Project Launches Across Mumbai and Bengaluru in Q2 FY25
Puravankara Limited Plans To Expand Into Delhi-NCR Market in FY26
CBI Detains NBCC Deputy General Manager for Allegedly Taking Bribe
Bhive Expands Footprint in Brigade Metropolis with New Lease of 42,000 Sq Ft
Whiteland Corporation Announces Early Delivery of Urban Cubes 71 with Focus on Quality and Sustainability
Godrej Properties Expands into Indore with 46-Acre Land Acquisition
Mindspace Business Parks REIT Reports 9.2% Increase in Operating Income, Revenue Up 11% in Q1 FY25
UltraTech Cement Plans to Acquire 32.72% Stake in India Cements for Rs 3,954 Crore
JMS Group Acquires Prime Land in Sector 95A, New Gurugram for Major Housing Project
DLF To Enter Goa Market with Launch of Luxury Villas Priced at ₹40-50 Crore
L&T Realty, Valor Estate to Co-develop ₹20,000 Crore Project in Mumbai's BKC
DLF-GIC JV Firm DCCDL's Office Rental Income Rises 11% to Rs 942 Crore in Q1
Aryan Khan Buys ₹37 Crore Property in Delhi with Special Family Connection
WeWork India Renews Lease for 1.4 Lakh Sq Ft Office Space in Mumbai
Tamara Leisure Expands with New Lilac Hotel in Kumbakonam, Enhancing Pilgrimage Tourism
Dilip Kumar’s Apartment Redevelopment: Apco Infratech Pvt Ltd Acquires ₹155 Crore Sea-View Apartment in Mumbai's Pali Hill
The Raipur Municipal Corporation (RMC) has directed all real estate developers to construct at least 50 rainwater harvesting pits using innovative technologies in their respective townships.
DLF Unveils Plans for ₹1.04 Lakh Crore Real Estate Projects in the Medium Term
Kerala Government to Reduce Building Permit Fees by Up to 60%
FONRWA Meets with CEO of Noida Authority to Demand Action on Civic Issues
Bhutani Group Acquires Stake in WTC Noida to Complete Stalled Projects
Keppel Acquires Major Office Asset in Chennai for ₹2,100 Crore
Real Estate Stocks Decline as Budget 2024 Removes Indexation Benefit on Long Term Capital Gains Tax
NCLT Begins Insolvency Resolution Process Against Supertech
Ayodhya Development Authority Releases Lists of Approved Realty Projects to Protect Investors
JSW Group Buys Office Spaces Spanning 52,000 Sq Ft for ₹88 Crore in Mumbai
ED Attaches ₹300 Crore Worth of M3M India Properties in Gurugram Land Release Case
ASK Property Fund Invests ₹190 Crore in Kalpataru’s Mumbai Project
Eldeco and Purvanchal Projects Secure Group Housing Plots Near Noida Airport for Rs 246 Crore
COWRKS Expands Flexible Workspace Footprint, Leases 1.4 lakh Sq Ft Across Major Cities
DLF to Expand Housing and Commercial Property Business; Entering Goa and Mumbai
MHADA Auctions Five Plots in Mumbai for Over ₹192 Crore
Altern Capital Launches Maiden Real Estate Fund with a Target of ₹250 Crore
Twinkle Khanna Rents Two Apartments for ₹1.85 Lakh Per Month in Mumbai
UrbanWrk Inaugurates Its New Flexi Space Centre At Baani The Statement, Gurugram
Rustomjee Group Launches Ocean Vista: 32 Luxury Sea View Apartments Worth ₹600 Crore in Mumbai's Versova
38 Builders in Greater Noida Face 1% Project Cost Fines for Unauthorized Groundwater Extraction
Builder Ordered to Pay Homebuyer ₹1.1 Lakh for Delay in Possession By Chandigarh State Consumer Disputes Redressal Commission
BCD Group Secures General Civil Contract of Rs 184 Crore for Major Housing Project in Bengaluru
Jammu Smart City Plans To Build Green Buildings Along Twai River
Resident Welfare Association (RWA) of Noida's Sector 145 Protest Against Delayed Plot Transfers
The Family Of Chairman Of Lloyds Group Buys Triplex Apartment For Rs 107-Crore Property in Worli
Signature Global to Launch Housing Projects Worth ₹13,000 Crore by March 2025
Brigade Group Launches New Housing Tower Near Bengaluru Airport, Expects Over ₹400 Crore Revenue
Haryana CM Nayab Singh Distributes Property Certificates to 5,000 Traders
Bombay High Court Denies Bail to Sanjay Chhabria in Yes Bank-DHFL Scam Case
SEBI Set to Auction HBN Dairies' Properties in August 2024
Chhattisgarh Cabinet Announces Key Reforms: Affordable Housing for 47,000 Families and Procurement Overhaul
Delhi High Court Issues Notice in Yuvraj Singh's Plea for Sole Arbitrator
Government Launches Aggressive Drive to Evict Land Encroachers in Odisha
Redbrick Offices’ Subsidiary Red Fox Acquires 22 Commercial Units in Mumbai, Andheri for ₹267 Crore
Haryana RERA Imposes 5 Crore Penalty on Vatika Limited for Registration Delay
Lodha One's 'Emperor Palace' Penthouse Sold for ₹37 Crore: One Of The Most Expensive Luxury Property Deal in Pune
Tata Realty Secures ₹825 Crore Loan from IFC for Ramanujan Intellion Park in Chennai
Madras High Court Orders Free House Site Pattas for 500 SC Families
Actor Ronit Roy Buys apartment worth Rs 18.94 crore in Mumbai’s Versova
Andhra Pradesh Government Aims to Complete 8 Lakh Houses by March 2025
Experion Purchases 8-Acre Land Parcel in Gurugram Worth ₹400 Crore
Whiteland Corporation and Marriott International sign an agreement to introduce Westin Residences to Gurugram
Raymond Ltd. Announces Demerger, Plans to List Realty Vertical Separately
GLADA Penalized for Unfair Practices and Service Deficiencies in Plot Allotment Case
Smart Cities Mission Deadline Extended Till March 2025, Allowing Cities to Complete Ongoing Projects
Brigade Group to Develop 8-Acre Housing Project Worth ₹1,100 Crore in Bengaluru
ICICI Prudential AMC Purchases Commercial Office Space in Santacruz, Mumbai For ₹315 Crores
Puravankara Acquires 7.26 Acre Land in Bengaluru for ₹900 Crore Housing Project
Haryana Government Approves Construction of Stilt and Four Floors in Few Specific Residential Sectors
Tamannaah Bhatia Leases Commercial Property for ₹18 Lakh/Month and Mortgages Flats Worth ₹7.84 Crore
BAF and RERI Sign MoU to Enhance Bengaluru's Residential Communities and Empower Homebuyers
Bombay High Court Criticizes Maharashtra Government and SRA Over Redevelopment Project Delay
Ashiana Housing Launches Third Phase of Premium Project Ashiana Ekansh In Jaipur
Aamir Khan Expands Real Estate Portfolio, Buys New Apartment in Pali Hill, Mumbai for ₹9.75 Crore
Maharashtra Budget 2024: ₹7425 Crore Allocated for Construction of 35 Lakh Affordable Homes
Godrej Capital to Enter Affordable Home Loan Segment in Current Fiscal Year
Oberoi Realty Expands into NCR with Major Land Acquisition in Gurugram
JK Cement Boosts Production Capacity with the Addition of New Grinding Unit at Prayagraj
Mindspace REIT Raises ₹650 Crore from IFC via Sustainability Linked Bonds
Sattva Group Announces ₹12,000-14,000 Crore Investment Plan, Eyes IPO for Simpliwork
Krisumi Group to Invest Rs 2,000 Crore in 1,051 Luxury Apartments in Gurugram
Prestige Estates Taps Four Investment Banks for Rs 5,000-Crore QIP
Developers of 195 Projects Set Up Grievance Redressal Cells to Handle Homebuyers' Complaints; MahaRERA Review
Birla Estates Acquires 16.5 Acres Land in Pune for Rs 2,500 Crore Housing Project
Prestige Estates' Board Approves Plan For ₹5000 Crore Fund Raising via QIP & Other Modes
Municipal Corporation of Delhi (MCD) Offers 10% Rebate On Property Tax Payments Until June 30th
Dalmia Bharat Aims To Achieve Interim Capacity Of 75 Million Tonnes By FY27
Nisus Finance Invests Rs 155 Crore in Dharmadev Group's Affordable Housing Project in Gujarat
Brigade Group to Develop Third World Trade Center Tower in Kochi
Experion Developers Launches Noida's First EV Parking Apartments
MHADA to Provide 11 Months' Rent in One Instalment to Eligible Tenants in BDD Chawl Redevelopment Project
Nila Spaces Limited Buys Land in GIFT City for Rs 342 Crore for Residential Project
L&T Secures Major Orders for Building Projects in Mumbai and Hyderabad
Mahindra Lifespace Aims for ₹8000-10,000 Crore in Housing and Industrial Sales by FY28
Jindal Stainless Acquires Remaining 46% Stake In Chromeni Steels For Rs 278 Cr, Secures Full Ownership
The Telangana government has announced significant changes to property registration charges, set to take effect from August 1.
MOHUA Urges Real Estate Sector to Prioritize Rainwater Harvesting for Sustainable Housing Projects at the 3rd NAREDCO Mahi convention
In a bid to expedite the sale of their under-construction and ready-to-move inventory, property developers in Gurugram have doubled broker commissions, according to a recent report by the Financial Express.
Rustomjee Group, a prominent name in Mumbai’s real estate sector, has unveiled its latest venture, the ‘Rustomjee 180 Bayview’ project in Matunga West.
N. Chandrababu Naidu's recent win has caused a big surge in Amaravati's real estate market, with property prices skyrocketing by 50-100%.
MC Securities Pvt Ltd, a subsidiary of global trading firm IMC Trading, has secured an office space in Mumbai's Bandra Kurla Complex (BKC) for Rs 700 per square foot.
Raymond Ltd announced that its real estate arm, Raymond Realty, has been chosen for the redevelopment of MIG VI CHS Ltd in Bandra East, Mumbai.
Tribeca Developers, the exclusive licensee for Trump Organization-branded luxury properties in India, is set to expand its portfolio with several new projects across the country.
Karnataka Deputy Chief Minister D K Shivakumar, who oversees Bengaluru Development, announced a significant initiative for property owners in Bengaluru, called The 'One Time Settlement' (OTS) scheme
Extra 21 Acres Allocated to Dharavi Redevelopment Project by Maharashtra government.
Brigade Group, one of the prominent real estate developers, has announced a substantial expansion plan in Chennai, targeting nearly 15 million square feet of residential, office, retail, and hospitality space by 2030.
Sobha Limited, a renowned real estate developer based in Bengaluru, has unveiled plans to raise ₹2,000 crore through a rights issue.
SIAM Cement BigBloc Construction Technologies Pvt Ltd, a joint venture between Gujarat based BigBloc Construction Ltd and Thailand's SCG International Corporation Co., Ltd., (SCG International) has initiated its India operations.
Oberoi Realty Plans Twin Tower Development Near Mumbai's Three Sixty West
UK Consulate Acquires Office Space in Mumbai's Lower Parel Area for ₹101.2 Crore
MahaRERA Suspends Registration of 1,750 Lapsed Real Estate Projects in Maharashtra
The Federation of Noida Residents Welfare Associations (FONRWA) Demands Regularisation of Unauthorised Construction
Real Estate Developers and Homebuyers Oppose UPRERA’s Occupancy Certificate Rule
Chandigarh's Municipal Corporation achieves a record-breaking property tax collection for the fiscal year 2024-25, highlighting effective tax administration and civic responsibility.
Explore the latest on RERA Gurugram's inspection of eight significant under-construction projects along the peripheral roads of Gurugram, led by Chairman Arun Kumar.
Ashar Group Announces the Launch of Residential Project- ‘Ashar Merac' in Thane
Phoenix Mills is embarking on a major expansion plan in Thane and Bengaluru, focusing on mixed-use developments that include retail, hospitality, and potentially residential components.
Birla Estates and Barmalt India Collaborate For Development Of Premium Residential Project Spread Across 13.27-Acre Land in Gurugram
A recent report by the Yamuna Expressway Industrial Development Authority (YEIDA) reveals that 17,000 out of 34,000 plot allottees in Greater Noida have not received possession due to ongoing court disputes.
Embassy REIT completes ₹1,200 crore debt-funded acquisition of Embassy Splendid TechZone in Chennai, adding 50 lakh sq ft to its office assets portfolio.
Explore how sustainability is reshaping the real estate industry. Discover insights from industry leaders on innovative practices, green building, and transformative trends.
Royal India Corporation Limited (RICL) Accelerates Real Estate Expansion Plans
Puravankara's recent acquisition of a sizable land parcel in Thane signals its ambitious foray into Mumbai's real estate market.
DLF, a Delhi NCR-based real estate developer, witnessed a significant increase in NRI investment, reaching 23% of total sales in FY24, the highest since FY21.
The Department of Town and Country Planning (DTCP) in Haryana has revoked occupancy certificates (OC) for 58 properties in Gurugram due to unauthorized construction of fourth floors, breaching building regulations.
Reliaable Developers Leading the Way in Bangalore's Plotted Development Market
The Karnataka Real Estate Regulatory Authority (KRERA) has ordered the owners' association to take over and complete the delayed Commune One project in Bangalore after the developer and financier violated regulatory orders.
The Maharashtra Housing and Area Development Authority (MHADA) has raised concerns over the safety of 20 residential buildings in South Mumbai.
Haryana's DTCP may demolish illegally built fourth floors on residential plots due to non-compliance with building approvals.
Oberoi Realty, a prominent Mumbai-based real estate firm, is set to expand its footprint with the launch of new projects in Gurugram, Worli, and Thane.
The Brihanmumbai Municipal Corporation (BMC) surpassed its property tax collection target for FY 2023-24, collecting Rs 4,856 crore, 8% over the revised target of Rs 4,500 crore.
Google expands its presence in India with a new office lease in Bengaluru, renting 649,000 square feet for Rs 4 crore monthly.
Rustomjee Group, also known as Keystone Realtors, is set to enter the data centres segment and initiate plotted development projects near Mumbai.
Godrej & Boyce Manufacturing Co. Ltd has recently sold two office spaces located in the prestigious Godrej One tower in Vikhroli, Mumbai, to Godrej Industries Ltd for a total of Rs 157 crore.
Indiabulls Real Estate and Fama Real Estate, a wholly-owned subsidiary, have acquired Embassy Property Developments (EPDPL)’s residential development projects in Bengaluru and Chennai.
YEIDA plans to acquire 6,000 hectares of land near Noida International Airport for urban development, focusing on residential, commercial, and industrial sectors.
Brigade Group has signed a Joint Development Agreement to develop a residential project on Old Madras Road, Bengaluru, featuring 0.8 million sq ft of premium living space.
Bengaluru Airport City is set to undergo a major transformation with the development of a two million square feet business park, a 775-room hotel, and a state-of-the-art concert arena.
The government has issued mandatory quality norms for asbestos and fibre cement products to curb sub-standard imports and boost domestic manufacturing.
YEIDA, the Yamuna Expressway Industrial Development Authority, is set to launch an affordable housing scheme near the Noida airport, offering residential plots suitable for middle-class homebuyers.
Kolkata is set to welcome its first-ever integrated business park, Intellia Business Park. The project is a joint venture between three real estate companies: Srijan Realty, PS Group, and Signum Group.
L&T Realty has entered into a joint development agreement with Jagdale Infrastructure Pvt Ltd for a significant slum rehabilitation project in Thane, near Mumbai.
Smartworks, a leading managed workspace platform, has significantly expanded its presence in Pune by adding 6 lakh sq. ft. of office space in a commercial tower named 43 EQ near Balewadi High Street.
:In fiscal year 2023-24, the Noida Authority surpassed its investment target by securing ₹103,000 crore, allocating land to 149 diverse projects such as IT, corporate houses, and housing.
Shriram Properties has signed a Joint Development Agreement for a 4-acre land parcel in Yelahanka, Bengaluru.
Columbia Pacific Communities is expanding its senior living projects to four new cities, including Pune, Hyderabad, Kottayam, and Kochi, aiming to provide quality living solutions for the aging population.
Godrej Properties has significantly bolstered its portfolio by acquiring 10 land parcels during FY24, with plans to develop residential projects valued at over ₹21,000 crore.
DLF Limited unveils two prestigious projects, The Camellias 2 in Gurugram and super-luxury villas in Goa, signaling a paradigm shift in luxury real estate.
Discover Vedanta's strategic initiatives as it announces plans to raise capital and distribute dividends.
Discover the contentious issue of GST application on Joint Development Agreements (JDAs) in India's real estate domain.
Certus Capital invests ₹125 crore in a new residential project in Chennai, spearheaded by Casagrand, aiming to fortify its presence in the real estate credit market through Earnnest.me.
Strata, a key player in India's commercial real estate sector, is set to apply for an SM REITs license as per SEBI's guidelines.
Dalmia Bharat Ltd has enhanced its cement production capacity by 1 million tons with a ₹204 crore investment in a new cement mill at its Ariyalur facility in Tamil Nadu.
YEIDA facilitated the execution of 4,000 registries, granting ownership rights to homebuyers across three projects.
Skootr, a managed office space provider, unveils ambitious expansion plans, targeting an addition of 5 million sqft to its portfolio by FY28.
Gurugram-based realty firm, Signature Global Ltd, is setting a target of selling housing properties worth ₹10,000 crore in 2024-25.
Nippon Paint, the No. 1 paint in Asia Pacific, launched its new product, Weatherbond 8, in Bengaluru.
JSW Cement has inaugurated its inaugural production unit in Nagaur, Rajasthan, marking its entry into Northern India.
DLF, a prominent real estate player, is set to introduce luxury projects in Gurugram, Mumbai, and Goa, with a combined sales potential of ₹36,000 crore.
The surge in Slum Transferable Development Rights (TDR) rates has disrupted Mumbai's real estate market, impacting developers' profit margins and construction timelines.
Brookfield India Real Estate Trust (BIRET) acquires a 50% stake in Grade A assets from Bharti Enterprises, valued at ₹6,000 crore.
By 2027, Delhi's Indira Gandhi International Airport's Aerocity is set to unveil India's largest mall, spanning over 2.8 million square feet.
MahaRERA introduces a draft regulation mandating self-certification for real estate projects, focusing on structural integrity, material quality, and fire safety.
Nimbus Realty introduces a new residential project, Nimbus The Palm Village, situated along the Yamuna Expressway in Noida.
Table Space, a prominent provider of premium managed workspace solutions, is expanding its office space portfolio across key Indian cities to meet the increasing demand from corporates.
The Greater Noida Authority has warned developers to complete flat registries promptly or face consequences.
Arihant Foundations and Housing, a Chennai-based real estate developer, is set to make significant investments in both Chennai and Bengaluru.
Avenue Supermarts Ltd, the parent company of the renowned D’Mart supermarket chain, has recently made a significant real estate investment in Mumbai.
The Navi Mumbai Municipal Corporation (NMMC) has enforced mandatory structural audits for buildings older than 30 years to uphold safety standards and mitigate risks.
Lemon Tree Hotels is making a strategic expansion into Bareilly, Uttar Pradesh, with a new property scheduled to open in FY25.
Nexus Select Trust, a Blackstone-sponsored real estate investment trust, is actively expanding its portfolio by acquiring additional malls in key locations across India.
Waaree Energies Limited and Ecofy have joined forces to offer affordable rooftop solar solutions in India.
Brigade Enterprises has finalized a lucrative ₹660 crore deal for a housing project in Bengaluru, demonstrating its proactive stance in the real estate market.
DLF Ltd's luxury residency project, Privana West, has made headlines with its unprecedented sellout of ₹5590 crore within a mere 3 days.
The Municipal Corporation of Delhi (MCD) has initiated a comprehensive survey to identify dangerous buildings ahead of the monsoon season.
NAREDCO To Host 2nd Management Development Program – “RERA & REAL ESTATE ESSENTIALS” – Under NIRED
The Shimla Municipal Corporation has extended the property tax payment deadline to July 15th, 2024, addressing administrative hurdles amid staffing shortages.
Meta Description: TCG Real Estate has secured Rs 714 crore from State Bank of India to develop the World Trade Centre in Gurugram.
In a bid to understand why many residents haven't claimed their property tax exemption, the Pune Municipal Corporation (PMC) has initiated a pilot survey programme.
Discover the latest trends in the real estate market as the Nifty Realty index plunges amidst a surge in profit bookings.
The Noida authority is grappling with significant financial issues as it attempts to collect ₹8,300 crore in dues from commercial project developers.
Embassy REIT announces a significant investment of Rs 3,800 crore to complete ongoing office complexes, reflecting its commitment to meeting the robust demand for premium workspace.
Birla Estates, a subsidiary of the Aditya Birla Group, has made waves in Mumbai's real estate scene with Silas at Birla Niyaara, boasting sales of Rs 2,500 crore.
Godrej & Boyce and Godrej Properties have joined forces in a strategic collaboration to market real estate projects, combining their expertise and resources for mutual growth.
Shriram Properties Ltd (SPL) is making waves in Bengaluru's real estate scene with its recent acquisition of a prime four-acre land parcel in Chandapura.
CapitaLand Investment Trust (CLINT) has entered a forward purchase agreement to acquire IT buildings in Hyderabad's Hitec City, signaling its strategic move to bolster its real estate portfolio in a thriving technology hub.
Max Estates Limited, a subsidiary of the Max Group, has entered into a binding agreement for a Group Housing Residential development opportunity in Gurugram.
Kalpataru Ltd has acquired redevelopment rights for a housing society in Mumbai's Lokhandwala, Andheri area, marking a significant step towards revitalising the neighbourhood.
Jindal Stainless has revealed a substantial Rs 5,400 crore expansion plan to bolster its capacity in the steel manufacturing sector.
The Greater Noida Industrial Development Authority (GNIDA) plans to conduct an e-auction of group housing plots in June 2024, following the Lok Sabha elections.
Prestige Ocean Towers, a prestigious project by Prestige Group, stands as a hallmark of luxury living in South Mumbai.
Discover how Tulip Infratech sets a new benchmark in Gurugram's luxury real estate sector with the sale of over Rs 300 crore worth of luxury apartments on the launch day of its latest project.
Nippon Paint, the leading manufacturer in Asia Pacific, expands its retail footprint with the launch of a brand new Nspire store in Bengaluru's Kaval Byrasandra area.
MahaRERA has proposed new regulations to address the lack of clarity surrounding amenities in housing projects.
Brookfield Asset Management has announced plans to inject over USD 10 billion into India within the next three to five years, aiming to double its real estate assets under management (AUM) in the country. T
Stonelam, a leading distributor of 100% natural surface materials driven by the ethos of ‘NATURE IS ABOVE ALL’, proudly announces the opening of its new experience centre in Mumbai.
White Lotus, a leading name in Bengaluru's bespoke luxury real estate space, announced the appointment of Chetan CI as its new Chief Operating Officer.
Marking a meteoric rise in the managed farmland sector, Aranyakaa Farms launches a new 61-acre project at Berigai, Sarjapur.
In collaboration with CREDAI, IGBC's initiative is poised to pave the way for millions to find purposeful work in a greener, more sustainable future, aligning closely with IGBC's mission while celebrating CREDAI's 25 years anniversary.
WeWork Global is in discussions to sell its entire 27% stake in WeWork India as part of its efforts to overcome financial challenges following its bankruptcy filing in the US.
Navrattan Group's Green Cement is reshaping India's construction industry by offering sustainable and eco-friendly alternatives to traditional cement.
JK Cement, one of India’s leading manufacturers of grey cement and a prominent white cement producer globally, proudly announces the inauguration of a new production line at its Panna Plant.
Casagrand French Town introduces a new standard of luxury living in Chennai, blending French-inspired architecture with modern amenities
Puravankara's entry into Mumbai's real estate scene is marked by the ambitious Pali Hill redevelopment project in Bandra West.
MahaRERA's recent mandate requires developers to include detailed parking information in sale agreements, aiming to address grievances from flat purchasers and enhance transparency in the real estate sector.
Lohia Global, a prominent player in exports, automotive, and renewable energy sectors, ventures into real estate with Lohia Worldspace
The Kolkata Municipal Corporation's innovative online portal revolutionizes transparency in real estate by offering vital details about buildings, legal sanctions, and compliance status.
Eldeco Infrastructure and Properties Limited (EIPL) has secured Rs 350 crore from HDFC Capital Advisors Limited, aimed at developing residential projects nationwide.
Reloy, a homeowner loyalty and referral platform for builders, unveils "Connectre 4.0," the latest version of its cutting-edge referral app.
Womeki Group has made waves in the real estate sector with its recent acquisition of a sprawling 34,000 sqft office space in Noida Sector 90, Alphathum.
Suraj Estate Developers has acquired freehold land spanning approximately 1,073.42 square meters, located off Lady Jamshedji Road in Mahim (West), Mumbai.
In response to recent security concerns, Goa's Director General of Police, Jaspal Singh, has directed law enforcement to conduct thorough verifications of laborers at all construction sites across the state.
MahaRERA has raised concerns by flagging 212 projects in Maharashtra for failing to provide construction updates, highlighting challenges in the real estate sector.
UltraTech Cement, India's largest cement producer, announces plans to invest more than ₹800 crore in Maharashtra to enhance its market presence.
RMZ Corporation, a Bengaluru-based real estate powerhouse, is venturing into global markets with a focus on diversification and sustainability.
Asian Paints has entered a new segment with the introduction of Neo Bharat Latex Paint, targeting the booming demand in India's paint industry.
Century Real Estate secures ₹450 crore from Edelweiss for land acquisition and debt repayment.
India's retail real estate sector is undergoing a significant transformation fueled by economic growth, changing consumer behaviors, and urbanization.
The Adani conglomerate, led by billionaire Gautam Adani, strengthens its position in Ambuja Cements with an Rs 8,339 crore investment, raising its stake to 70.3%.
Real estate firm Sundream Group has unveiled ambitious plans to infuse Rs 250 crore into its Anthurium Business Park project situated in Noida during the upcoming financial year of 2025.
The Karnataka High Court has pressed for the timely appointment of a chairman for the RERA Appellate Tribunal in Karnataka, highlighting concerns over vacancies and election-related delays.
In line with its growth strategy, Walplast has recently commercialised two new plants, reinforcing its manufacturing capabilities in the South.
Kanodia Group, renowned for its presence in the cement industry, has stepped into luxury real estate with a significant acquisition in Gurugram.
Ambuja Cements solidifies its position in the southern market with the acquisition of a cement grinding unit in Tamil Nadu from My Home Group.
Numax Realcon Consortium has received a license from the Muzaffarnagar Development Authority to develop a sprawling integrated township on 77 acres of land along the Delhi Dehradun Expressway.
Brigade Enterprises Limited unveils plans for a significant investment of ₹400 crore in developing Brigade Tech Boulevard, a commercial project in Chennai.
IndiaLand, a Dubai-based real estate firm, is set to inject Rs 1,500 crore into India's real estate sector over the next three years.
The Brihanmumbai Municipal Corporation (BMC) has issued a strict warning to property owners in Mumbai, emphasizing the importance of paying property taxes by the May 25 deadline for the fiscal year 2023-24.
The Noida Authority is taking proactive steps to resolve the issue of pending registries and outstanding dues owed by real estate developers in Gautam Budh Nagar.
The Brihanmumbai Municipal Corporation (BMC) has issued a strict warning to property owners in Mumbai.
The recent joint inspections by CPCB and HSPCB on brick kilns in Haryana show high compliance with environmental regulations, with 92% of inspected kilns in Hisar adhering to norms.
The Noida Authority is taking proactive measures to address the backlog of pending registries and dues owed by developers in Gautam Budh Nagar.
Piramal Enterprises has invested in a diverse portfolio of real estate projects by Puravankara Group, covering commercial and residential developments across India.
Migsun Group has acquired land from Medanta in Lucknow to launch 'Migsun Lucknow Central,' a mixed-use project at an investment of Rs 426 crore.
Raymond Realty, under the leadership of Gautam Singhania, is embarking on ambitious residential projects across Mumbai.
Godrej Properties achieves substantial sales growth in fiscal year 2024, driven by robust performance in the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR).
Omaxe has secured a landmark project from the Delhi Development Authority (DDA) to develop a sports complex and retail project in Dwarka, Delhi. Valued at ₹2,100.
Ajmera Realty & Infra India Ltd announces a significant 21% increase in its sales booking for FY24, reaching Rs 1,017 crore.
Keystone Realtors, renowned for their Rustomjee brand, showcased exceptional performance with a 41% surge in sales bookings, reaching Rs 2,266 crore amid robust housing demand.
Signature Global, renowned for its luxury projects in Gurugram, reported a remarkable surge in sales bookings to Rs 4,140 crore during the fourth quarter.
Macrotech Developers Ltd, a prominent player in the real estate sector, showcased commendable financial acumen in the fourth quarter of the fiscal year 2023-24 by significantly reducing its net debt by 55% to ₹3,010 crore.
TREVOC is poised to revolutionize the sector with its visionary approach and distinguished industrial heritage of over 75 years.
Government-backed and SBICAP Ventures-managed last-mile financing platform, SWAMIH I and realty credit fund Nisus Finance have invested a total over Rs 465 crore, across two projects of Aliens Developers.
The Hiranandani Group unveils a visionary roadmap for expansion, allocating Rs 3,000 crore towards residential projects to capitalize on a projected 25% growth.
MahaRERA's pivotal role in Maharashtra's real estate sector is evident as it approves 4,332 projects out of 5,471 applications, showcasing a thriving market
Embassy Office Parks REIT has announced a significant acquisition, purchasing the Embassy Splendid TechZone (ESTZ) in Chennai for Rs 1,269 crore.
In a remarkable feat, the GHMC sets a new benchmark in property tax collection by amassing Rs 1,917 crore in the fiscal year 2023-24.
Godrej Properties has achieved remarkable success with the sale of inventory worth Rs 2,690 crore in their Godrej Reserve project in Mumbai's Kandivali area.
Singapore-based The Ascott Limited, in collaboration with Paras Buildtech, marks its entry into North India's hospitality sector with the launch of Citadines Paras Square Gurugram.
Brigade Group, leading real estate developer in Bengaluru, has announced a significant development project to construct Grade A office space in the bustling IT corridor of Whitefield.
Indiabulls Real Estate has unveiled plans to raise Rs 3,911 crore through investments from Blackstone Group and Embassy Group.
Lucknow Municipal Corporation (LMC) achieved a significant milestone in FY24 by collecting property tax worth over Rs 650 crore, driven by a 26% increase in tax collection and non-tax revenue sources.
Rajkot Municipal Corporation (RMC) surpassed Rs 365 crore in property tax collection for FY24, marking a significant increase compared to previous years.
Blackstone Group announces its commitment to invest $2 billion annually in India, highlighting the country's economic potential.
Prestige Estates Projects, a Bengaluru-based real estate developer, secures a significant investment deal worth ₹2,001 crore with Abu Dhabi Investment Authority (ADIA) and Kotak AIF.
Sunteck Realty Ltd has leased out a prime commercial building in Mumbai's bustling Bandra Kurla Complex to Bennett Coleman & Co for a substantial period of 29 years.
In March 2024, the Greater Noida Industrial Development Authority (GNIDA) completed registries for 1,366 flats across 16 housing projects, following recommendations from the Amitabh Kant committee.
MANA Projects and Skanda introduce 'The Right Life,' an exceptional child-centric integrated township in Bengaluru.
The UPRERA conciliation forum in Uttar Pradesh successfully resolves real estate disputes, liberating assets valued at Rs 570 crore.
The Jain Group unveils plans for a Rs 500 crore investment in the hospitality sector, partnering with Sarovar Hotels Pvt Ltd for a new venture in Rajarhat.
Bengaluru-based real estate firm, Concorde, land acquisition, Thanisandra, residential project, revenue potential, strategic expansion, home automation, innovative features, trusted player, industry insights, urban living, sustainable growth, real estate sector.
DLF, a prominent realty firm, plans to raise Rs 600 crore through non-convertible debentures (NCDs) for debt refinancing.
CRIB Property Solutions, a pioneering startup based in Bengaluru, has successfully onboarded over 1,000 co-living spaces and hostels in Karnataka and Tamil Nadu onto their app.
NBCC (India) achieves a significant milestone by concluding the sale of 4.8 lakh square feet of commercial space in South Delhi's World Trade Centre through a successful e-auction, fetching Rs 1,905 crore on behalf of the government.
Magicrete has finalized the acquisition of a majority stake in Maxlite, a leading AAC blocks manufacturer in South India.
DRA Homes embarks on commercial development in Chennai with a groundbreaking 99-year lease agreement with RLDA.
Mahindra Zen, developed by Mahindra Lifespace Developers, introduces a paradigm shift in residential living in Bangalore.
In a landmark decision, the Karnataka Real Estate Regulatory Authority (KRERA) has ordered Provident Housing, part of Puravankara Ltd, to pay delayed interest for not delivering Provident Noera apartments in Yelahanka, north Bengaluru, on time.
The Ahmedabad Municipal Corporation (AMC) has decided to extend the revised rates to plots rented out temporarily.
Shriram Properties, a well known name in the residential development sector in South India, has unveiled its latest venture, the "Codename Ultimate" residential project near Electronic City, Bengaluru.
Uttar Pradesh Real Estate Regulatory Authority (UP RERA) directed promoters to maintain the same name for project brands as mentioned in their maps approved by local authorities and registered with RERA.
The Indian real estate market is witnessing a surge in land transactions, projected to reach 3,000 acres in FY24.
Blackstone, Sattva Group, and Panchshil Realty to launch India's fourth commercial REIT in FY25, projecting a portfolio exceeding 40 million square feet.
The Kolkata Municipal Corporation (KMC) has decided to deny water and drainage connections to the promoters of the illegally constructed buildings.
The Bidhannagar Municipal Corporation (BMC) has issued 174 stop-work notices to developers of illegal under-construction buildings in the past nine months.
UPRERA's new mandate requiring developers to prove land ownership or secure consent via a JDA for project registrations, enhancing transparency and protecting consumer rights in the real estate sector.
Prestige's NCR project to span over 10 mn sq ft of saleable area, with a projected GDV surpassing ₹10,000 cr. Likely to be launched within next two quarters
Tata Projects has taken a significant step in solidifying its presence in Mumbai by securing over 1.2 lakh square feet of office space in the bustling suburb of Powai.
The Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has approved approximately Rs 340 crore for the completion of a stalled real estate project by the Vatika group in Gurgaon.
The Pune real estate market witnessed a significant surge in property registrations, recording a 23% year-on-year increase in February 2024.
Starting May 1, 2024, commercial buildings in Chandigarh will be required to adhere to minimum energy performance standards outlined in the Energy Conservation Building Code (ECBC).
Trichy corporation has increased its net tax collection to 85% by targeting top tax defaulters who have not been paying property tax for years
The Indore district administration decided to inspect fire safety measures in buildings taller than G+3 with the help of other departments.
The Haryana Real Estate Regulatory Authority(H-RERA) has cancelled the registration of all five affordable housing projects launched by Mahira Infratech Pvt Ltd.
WeWork India expands its footprint with the launch of a new co-working facility in Chennai, catering to the growing demand for flexible workspaces in the city.
The Maharashtra Real Estate Regulatory Authority (RERA) has proposed a system requiring real estate developers to open three separate bank accounts for each project.
The property tax recovery cell of the Panvel City Municipal Corporation(PCMC) recovered over Rs 2.25 crore, highest in a single day.
UP-RERA has adopted key real estate policies modeled after Maharashtra's MahaRERA, aiming to improve transparency and accountability.
The Bruhat Bengaluru Mahanagara Palike (BBMP) has extended the last date to avail the 5% rebate on property tax payment till July 31, 2024.
Discover insights from CREDAI's report projecting the real estate sector to reach $1.3 trillion by FY2034, highlighting housing demand, GDP growth, and economic development opportunities
Mysuru Urban Development Authority (Muda) is expecting to raise Rs 400 crore by auctioning off 200 premium sites and houses within its jurisdiction.
Nexus Trust, backed by Blackstone, is strategically expanding its presence in southern India's retail sector.
Streamline real estate processes in Bengaluru with Karnataka Government's automated building plan approval system, 'Nambike Nakshe', enhancing transparency and efficiency.
The Delhi Development Authority (DDA) introduces a housing scheme providing discounted flats in Delhi, with options including 2BHK and 1BHK units.
TRIAD fosters collaboration through mentorship, scholarships, and networks, establishing educational centers to promote skill development in traditional Indian art, craft, and design.
DLF Ltd finalizes the sale of a 4.67-acre land parcel in Chennai to Cholamandalam Investment and Finance Company Limited for a staggering Rs 735 crore. Positioned near the renowned Madras Race Club,
The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) launched a special drive to issue unique digital door number plates for properties within the municipal limits.
Yamuna Expressway Industrial Development Authority (YEIDA) raises allotment rates by 5.14%, citing the growing demand driven by development projects like the Noida International Airport in Jewar.
The Tamil Nadu RERA Tribunal mandates House of Hiranandani to register its multi-tower township as a single project, rejecting attempts to bypass regulations.
DB Realty leases 186 acres of land in Mira Road to the BMC for an annual fee of Rs 248 crore, facilitating the Mumbai Coastal Road project.
Maharera cancels the registration of 13,785 real estate agents for failing to renew licenses. Agents must undergo training for reinstatement, reflecting the authority's commitment to professionalism in the sector.
In a strategic move to elevate professionalism and transparency in Uttar Pradesh's real estate sector, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) is gearing up to launch a training and certification program for both new and existing real estate agents.
CoRover.ai's BharatGPT has introduced AI Realtor, the world's first Video Bot tailored for the real estate sector, aiming to redefine the home-buying process. This innovative tool combines chat-like interactions with immersive visual tours, allowing users to find properties that precisely match their preferences.
In a significant regulatory move, the Securities and Exchange Board of India (SEBI) has announced amendments to the Real Estate Investment Trust (REIT) Regulations of 2014, introducing Small and Medium Real Estate Investment Trusts (SM REITs).
In a significant enforcement action, the Gurugram Real Estate Regulatory Authority (RERA) has imposed a Rs 50 lakh penalty on Coral Realtors Private Limited for failing to register its ongoing mall project as required by the RERA Act, 2016.
According to the MahaRERA, all real estate projects registered in Maharashtra since January 2023 will be evaluated starting in April 2024.
Well-known real estate consultants, Colliers, has won a significant assignment to construct the Artificial Intelligence and Technology Extension Hub in Ahmedabad for Infibeam Avenues. The Indian-based multinational fintech company plans to have an AI hub in GIFT City, Gujarat, and the Ahmedabad campus will be an extension of that, set to be up and running in 18 months.
Reloy, a homeowner loyalty and referral platform for builders, has achieved a significant milestone by surpassing Rs 1,200 Crores in referral sales in the calendar year 2023. This remarkable achievement underscores Reloy's commitment to fostering trust and nurturing enduring relationships with its clients and partners.
Leading real estate consulting firm, Colliers India, recently assisted Stans Buildtech Homes Pvt. Ltd. in securing financing of Rs. 160 crores from SWAMIH Fund, managed by SBICAP Ventures Limited, for its SRA project.
NPST ODR, a centralized dispute management solution, will help DCB Bank solidify customer relationships by optimizing the speed and the efficiency of its dispute redressal mechanisms
Amidst unwavering homebuyer confidence aided by a favourable interest rate cycle and positive economic outlook, housing demand scaled up and prices across the top eight cities in India surged by about 20% in the last two years (2021-2023). Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared to 2021 levels.
Godrej Properties has recently finalized agreements for a significant township project in North Bengaluru, covering 62 acres with an estimated value of ₹5,000 crore.
Marriott International, marking 25 years in India, reports a turnover exceeding ₹9,000 crore and a 32% revPAR. Their strategy involves premiumisation, targeting upscale brands like Fairfield and Courtyard in tier 2 and 3 cities. Surat's market transformation from Courtyard to JW Marriott reflects investor confidence. Marriott adds 4,600 rooms in South Asia, aligning with preferences for resorts and luxury experiences. Despite increased construction costs, the company emphasizes adaptability and resilience, showcasing success in the evolving industry.
In a noteworthy feat, NBCC (India) Ltd achieves a milestone by selling 2.05 lakh sq ft of commercial space at World Trade Centre, Delhi, valued at Rs 828 crore. The transaction, conducted through the 24th e-auction, witnesses major entities like Oil India Limited, NBCC, and Hamdard Laboratories as significant buyers. This success is part of NBCC's broader strategy, utilizing e-auctions to transparently sell over 26 lakh sq ft of commercial inventory, accumulating a sale value exceeding Rs 10,600 crore. The article emphasizes NBCC's market efficiency, diverse buyer appeal, and its strong standing in the real estate sector, paving the way for a promising future.
In the cusp of transformation, marching ahead with newer commitments, Bangalore’s leading plotted layout developers Reliaable Developers is delighted to announce the signing of a management agreement with Oakwood Hotels, a part of The Ascott Limited for the new property in the entire HSR- Sarjapur Road- Electronic City triangular belt. This strategic move reflects sharply on Reliaable Developers’ commitment to redefining their projects, combining luxury and an unparalleled experience for both business and travellers.
In an unprecedented move, Karnataka's Real Estate Regulatory Authority (KRERA) issues a directive empowering homebuyers to take charge and complete a delayed luxury villa project in Bengaluru. The regulatory intervention comes after eight years of construction without possession handover. KRERA utilizes section 8 of the RERA Act, allowing resident welfare associations to assume control when developers fail to meet obligations. With Bengaluru facing a significant backlog of 26,030 delayed projects, collectively worth over Rs 28,072 crore, KRERA's order underscores its commitment to resolving challenges, protecting homebuyers' rights, and ensuring the completion of long-delayed projects.
Crib, a property management app, unveils 'Crib Plus' with a $1 million investment to meet the specific needs of large-scale student housing and co-living brands in India. The move aligns with the projected exponential growth in these segments, as highlighted by IMF estimates and reports from Colliers. Crib's existing mobile app is already used by over 1000 landlords managing 2500+ properties and 1,50,000 beds. 'Crib Plus' promises advantages like lower costs and enhanced functionalities for enterprise customers, addressing their comprehensive expectations. The company has raised over $2 million from investors like PayTM's Vijay Shekhar Sharma and Cred's Kunal Shah. Crib, founded in 2022, has become a leading player in the real estate sector, managing over 1.5 lakh beds and facilitating yearly rents exceeding Rs 2,500 crores
Nippon Paint, marking 143 years, launches an on-road campaign featuring a WALLTRON PATROL for waterproofing and an LED roadshow van for product demos. Partnering with Shankara BuildPro, the initiative combines paints and coatings with construction materials. Executives express joy about the campaign, emphasizing customer trust. Nippon Paint, a Japanese brand with 142 years of experience, focuses on innovation and eco-friendliness, operating globally in 31 countries.
BHIVE Properties, the commercial real estate investment wing of BHIVE Group, marks a milestone with the launch of its inaugural sale of hard commercial real estate in Bengaluru's Brigade Metropolis. This move opens doors for retail investors to partake in Grade A commercial property and earn annual rentals up to 10.6%. The strategic location, pre-leased term, and the burgeoning office space market in Bengaluru amplify the appeal of this investment opportunity.
The housing market in India has witnessed substantial growth, particularly in Bengaluru, Kolkata, and Delhi NCR, where home prices have surged by over 30% since 2021. This significant rise is attributed to a combination of factors such as increased demand, economic developments, and regional dynamics.
Reliaable Developers is excited to announce a comprehensive rebranding initiative aimed at rejuvenating the company's brand image and fostering a new era of innovation.
