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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Nashik Municipal Corporation (NMC) is outsourcing the identification of rented residential properties to private agencies due to manpower shortages.
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 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.
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.
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.
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.
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.
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.
Godrej Properties raised ₹64.6 crore through debentures to strengthen its capital base for project development, land acquisition, and debt refinancing.
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.
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.
Signature Global has awarded Ahluwalia Contracts the construction of its premium project, De-luxe DXP, offering modern living with advanced amenities in Gurugram.
The Gujarat government's new FSI incentives promote sustainable urban development by offering additional floor space for green buildings that meet environmental standards.
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.
CapitaLand Investment has plans to diversify its portfolio, tapping into emerging sectors such as data centres, logistics, industrial parks, and renewable energy.
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.
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.
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.
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.
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.
The Khurpia farm in Uttarakhand will be transformed into a smart industrial city with a Rs 6,180 crore investment, creating 75,000 jobs.
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.
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.
The Andhra Pradesh government has established District Command Centers (DCCs) to regulate sand sales and curb illegal activities, aiming to ensure transparency.
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 Ulhasnagar Municipal Corporation has ordered the demolition of a 16-storey illegal building that violated planning regulations.
Urban Vault has leased 100,000 square feet at Brigade Summit in Whitefield, marking its expansion into a key office market.
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.
HouseEazy, a prop-tech startup based in Noida, has successfully raised $7 million in a Series-A funding round.
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.
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.
The DDA’s new General and Dwarka Housing Schemes provide affordable and premium housing options, addressing diverse needs across Delhi.
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.
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 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.
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 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.
Colliers India successfully delivered two landmark projects for Fortius Infra in Bengaluru, showcasing the impact of strategic partnerships.
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.
Pratik Vira is facing charges for allegedly using forged documents to claim 71 properties and defraud his partners of ₹13.65 crore.
Kempegowda International Airport in Bengaluru won seven awards at the FAB + Hospitality Conference, including honors for its 080 Lounge and innovative restaurant designs. T
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.
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
The Greater Noida Authority raised ₹1,500 crore from selling five group housing plots, with bids exceeding reserve prices by 128%.
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.
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
Retired Police Officer Duped of Rs 14.70 Crore in Real Estate Investment Fraud
Gurugram Administration Orders Evacuation of Chintels Paradiso Tower J Citing Serious Structural Risks
Ahmedabad’s Sabarmati Riverfront Corporation Is Set To Auction of Prime Plots For Urban Transformation
RMZ Corp and CPP Investments Sell Chennai Office Space to Keppel Ltd for Over Rs 2,200 Crore
Understanding the Importance of Occupancy and Completion Certificates in Real Estate
Sanjeev Jain, CEO of Parsvnath Developers, Arrested After 60-Kilometre Police Chase
Gautam Adani Plans Retirement at 70: What’s The Group's Succession Plan?
UP to Build a New Township in Ghaziabad, Named Harnandipuram
Delays in Major GMADA Housing Projects Impact Mohali's Real Estate Market
Bharat Realty to Build Sixth Taj Hotel in Goa: ₹300 Crore Project to Begin in September 2024
Ambuja Cements to Invest Rs 1,600 Crore in Bihar Cement Grinding Unit
Ola Group Executive Amit Anchal Purchases ₹13.5-Crore Villa in Bengaluru
Lemon Tree Hotels to Open New Property in Nashik, Strengthening Maharashtra Presence
Puravankara Limited Plans To Expand Into Delhi-NCR Market in FY26
CBI Detains NBCC Deputy General Manager for Allegedly Taking Bribe
Prestige Estates Eyeing Four Project Launches Across Mumbai and Bengaluru in Q2 FY25
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
Mindspace Business Parks REIT Reports 9.2% Increase in Operating Income, Revenue Up 11% in Q1 FY25
Godrej Properties Expands into Indore with 46-Acre Land Acquisition
DLF To Enter Goa Market with Launch of Luxury Villas Priced at ₹40-50 Crore
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-GIC JV Firm DCCDL's Office Rental Income Rises 11% to Rs 942 Crore in Q1
L&T Realty, Valor Estate to Co-develop ₹20,000 Crore Project in Mumbai's BKC
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
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.
Dilip Kumar’s Apartment Redevelopment: Apco Infratech Pvt Ltd Acquires ₹155 Crore Sea-View Apartment in Mumbai's Pali Hill
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
Real Estate Stocks Decline as Budget 2024 Removes Indexation Benefit on Long Term Capital Gains Tax
Keppel Acquires Major Office Asset in Chennai for ₹2,100 Crore
Ayodhya Development Authority Releases Lists of Approved Realty Projects to Protect Investors
NCLT Begins Insolvency Resolution Process Against Supertech
JSW Group Buys Office Spaces Spanning 52,000 Sq Ft for ₹88 Crore in Mumbai
ASK Property Fund Invests ₹190 Crore in Kalpataru’s Mumbai Project
ED Attaches ₹300 Crore Worth of M3M India Properties in Gurugram Land Release Case
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
MHADA Auctions Five Plots in Mumbai for Over ₹192 Crore
DLF to Expand Housing and Commercial Property Business; Entering Goa and Mumbai
UrbanWrk Inaugurates Its New Flexi Space Centre At Baani The Statement, Gurugram
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
38 Builders in Greater Noida Face 1% Project Cost Fines for Unauthorized Groundwater Extraction
Rustomjee Group Launches Ocean Vista: 32 Luxury Sea View Apartments Worth ₹600 Crore in Mumbai's Versova
Builder Ordered to Pay Homebuyer ₹1.1 Lakh for Delay in Possession By Chandigarh State Consumer Disputes Redressal Commission
Resident Welfare Association (RWA) of Noida's Sector 145 Protest Against Delayed Plot Transfers
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
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
SEBI Set to Auction HBN Dairies' Properties in August 2024
Bombay High Court Denies Bail to Sanjay Chhabria in Yes Bank-DHFL Scam Case
Delhi High Court Issues Notice in Yuvraj Singh's Plea for Sole Arbitrator
Government Launches Aggressive Drive to Evict Land Encroachers in Odisha
Chhattisgarh Cabinet Announces Key Reforms: Affordable Housing for 47,000 Families and Procurement Overhaul
Haryana RERA Imposes 5 Crore Penalty on Vatika Limited for Registration Delay
Redbrick Offices’ Subsidiary Red Fox Acquires 22 Commercial Units in Mumbai, Andheri for ₹267 Crore
Lodha One's 'Emperor Palace' Penthouse Sold for ₹37 Crore: One Of The Most Expensive Luxury Property Deal in Pune
Actor Ronit Roy Buys apartment worth Rs 18.94 crore in Mumbai’s Versova
Madras High Court Orders Free House Site Pattas for 500 SC Families
Tata Realty Secures ₹825 Crore Loan from IFC for Ramanujan Intellion Park in Chennai
Experion Purchases 8-Acre Land Parcel in Gurugram Worth ₹400 Crore
Andhra Pradesh Government Aims to Complete 8 Lakh Houses by March 2025
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
Brigade Group to Develop 8-Acre Housing Project Worth ₹1,100 Crore in Bengaluru
Smart Cities Mission Deadline Extended Till March 2025, Allowing Cities to Complete Ongoing Projects
Puravankara Acquires 7.26 Acre Land in Bengaluru for ₹900 Crore Housing Project
ICICI Prudential AMC Purchases Commercial Office Space in Santacruz, Mumbai For ₹315 Crores
Tamannaah Bhatia Leases Commercial Property for ₹18 Lakh/Month and Mortgages Flats Worth ₹7.84 Crore
Haryana Government Approves Construction of Stilt and Four Floors in Few Specific Residential Sectors
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
Oberoi Realty Expands into NCR with Major Land Acquisition in Gurugram
Godrej Capital to Enter Affordable Home Loan Segment in Current Fiscal Year
Mindspace REIT Raises ₹650 Crore from IFC via Sustainability Linked Bonds
JK Cement Boosts Production Capacity with the Addition of New Grinding Unit at Prayagraj
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
Dalmia Bharat Aims To Achieve Interim Capacity Of 75 Million Tonnes By FY27
Municipal Corporation of Delhi (MCD) Offers 10% Rebate On Property Tax Payments Until June 30th
Prestige Estates' Board Approves Plan For ₹5000 Crore Fund Raising via QIP & Other Modes
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
L&T Secures Major Orders for Building Projects in Mumbai and Hyderabad
Nila Spaces Limited Buys Land in GIFT City for Rs 342 Crore for Residential Project
Jindal Stainless Acquires Remaining 46% Stake In Chromeni Steels For Rs 278 Cr, Secures Full Ownership
Mahindra Lifespace Aims for ₹8000-10,000 Crore in Housing and Industrial Sales by FY28
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
N. Chandrababu Naidu's recent win has caused a big surge in Amaravati's real estate market, with property prices skyrocketing by 50-100%.
Rustomjee Group, a prominent name in Mumbai’s real estate sector, has unveiled its latest venture, the ‘Rustomjee 180 Bayview’ project in Matunga West.
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.
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.
Extra 21 Acres Allocated to Dharavi Redevelopment Project by Maharashtra government.
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
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.
UK Consulate Acquires Office Space in Mumbai's Lower Parel Area for ₹101.2 Crore
Oberoi Realty Plans Twin Tower Development Near Mumbai's Three Sixty West
Real Estate Developers and Homebuyers Oppose UPRERA’s Occupancy Certificate Rule
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
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.
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.
Ashar Group Announces the Launch of Residential Project- ‘Ashar Merac' in Thane
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.
Explore how sustainability is reshaping the real estate industry. Discover insights from industry leaders on innovative practices, green building, and transformative trends.
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.
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.
Reliaable Developers Leading the Way in Bangalore's Plotted Development Market
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.
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.
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.
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.
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.
Google expands its presence in India with a new office lease in Bengaluru, renting 649,000 square feet for Rs 4 crore monthly.
YEIDA plans to acquire 6,000 hectares of land near Noida International Airport for urban development, focusing on residential, commercial, and industrial sectors.
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.
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.
Shriram Properties has signed a Joint Development Agreement for a 4-acre land parcel in Yelahanka, Bengaluru.
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.
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 the contentious issue of GST application on Joint Development Agreements (JDAs) in India's real estate domain.
Discover Vedanta's strategic initiatives as it announces plans to raise capital and distribute dividends.
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.
Nippon Paint, the No. 1 paint in Asia Pacific, launched its new product, Weatherbond 8, in Bengaluru.
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.
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.
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.
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.
The Greater Noida Authority has warned developers to complete flat registries promptly or face consequences.
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.
Nimbus Realty introduces a new residential project, Nimbus The Palm Village, situated along the Yamuna Expressway in Noida.
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.
Nexus Select Trust, a Blackstone-sponsored real estate investment trust, is actively expanding its portfolio by acquiring additional malls in key locations across India.
Lemon Tree Hotels is making a strategic expansion into Bareilly, Uttar Pradesh, with a new property scheduled to open in FY25.
The Navi Mumbai Municipal Corporation (NMMC) has enforced mandatory structural audits for buildings older than 30 years to uphold safety standards and mitigate risks.
Waaree Energies Limited and Ecofy have joined forces to offer affordable rooftop solar solutions in India.
DLF Ltd's luxury residency project, Privana West, has made headlines with its unprecedented sellout of ₹5590 crore within a mere 3 days.
Brigade Enterprises has finalized a lucrative ₹660 crore deal for a housing project in Bengaluru, demonstrating its proactive stance in the real estate market.
The Shimla Municipal Corporation has extended the property tax payment deadline to July 15th, 2024, addressing administrative hurdles amid staffing shortages.
NAREDCO To Host 2nd Management Development Program – “RERA & REAL ESTATE ESSENTIALS” – Under NIRED
The Municipal Corporation of Delhi (MCD) has initiated a comprehensive survey to identify dangerous buildings ahead of the monsoon season.
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.
Meta Description: TCG Real Estate has secured Rs 714 crore from State Bank of India to develop the World Trade Centre in Gurugram.
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.
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.
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.
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.
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.
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.
Prestige Ocean Towers, a prestigious project by Prestige Group, stands as a hallmark of luxury living in South Mumbai.
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.
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
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.
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.
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.
Navrattan Group's Green Cement is reshaping India's construction industry by offering sustainable and eco-friendly alternatives to traditional cement.
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.
Casagrand French Town introduces a new standard of luxury living in Chennai, blending French-inspired architecture with modern amenities
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.
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
Puravankara's entry into Mumbai's real estate scene is marked by the ambitious Pali Hill redevelopment project in Bandra West.
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.
UltraTech Cement, India's largest cement producer, announces plans to invest more than ₹800 crore in Maharashtra to enhance its market presence.
MahaRERA has raised concerns by flagging 212 projects in Maharashtra for failing to provide construction updates, highlighting challenges in the real estate sector.
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.
India's retail real estate sector is undergoing a significant transformation fueled by economic growth, changing consumer behaviors, and urbanization.
Century Real Estate secures ₹450 crore from Edelweiss for land acquisition and debt repayment.
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 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%.
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.
Ambuja Cements solidifies its position in the southern market with the acquisition of a cement grinding unit in Tamil Nadu from My Home Group.
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.
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.
Piramal Enterprises has invested in a diverse portfolio of real estate projects by Puravankara Group, covering commercial and residential developments across India.
The Noida Authority is taking proactive measures to address the backlog of pending registries and dues owed by developers in Gautam Budh Nagar.
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.
Raymond Realty, under the leadership of Gautam Singhania, is embarking on ambitious residential projects across Mumbai.
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.
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).
Ajmera Realty & Infra India Ltd announces a significant 21% increase in its sales booking for FY24, reaching Rs 1,017 crore.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
Rajkot Municipal Corporation (RMC) surpassed Rs 365 crore in property tax collection for FY24, marking a significant increase compared to previous years.
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.
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.
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.
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.
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.
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.
The Ahmedabad Municipal Corporation (AMC) has decided to extend the revised rates to plots rented out temporarily.
Blackstone, Sattva Group, and Panchshil Realty to launch India's fourth commercial REIT in FY25, projecting a portfolio exceeding 40 million square feet.
The Indian real estate market is witnessing a surge in land transactions, projected to reach 3,000 acres in FY24.
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
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.
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.
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.
The Maharashtra Real Estate Regulatory Authority (RERA) has proposed a system requiring real estate developers to open three separate bank accounts for each project.
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 property tax recovery cell of the Panvel City Municipal Corporation(PCMC) recovered over Rs 2.25 crore, highest in a single day.
Mysuru Urban Development Authority (Muda) is expecting to raise Rs 400 crore by auctioning off 200 premium sites and houses within its jurisdiction.
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
UP-RERA has adopted key real estate policies modeled after Maharashtra's MahaRERA, aiming to improve transparency and accountability.
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.
The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) launched a special drive to issue unique digital door number plates for properties within the municipal limits.
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 Tamil Nadu RERA Tribunal mandates House of Hiranandani to register its multi-tower township as a single project, rejecting attempts to bypass regulations.
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.
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.
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 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).
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 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.
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.
According to the MahaRERA, all real estate projects registered in Maharashtra since January 2023 will be evaluated starting in April 2024.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
