Real Estate News

One accused, over 100 victims and ₹2 crore PMAY fraud in Ahmedabad

ET Realty Residential
6th Jan, 2026

A man, Neel Madhav Patel, is accused of duping over 100 women of more than Rs 2 crore. He allegedly promised them houses under the Pradhan Mantri Awas Yojana without any formal process. Victims paid large sums for direct allotments and upgrades. When questioned, Patel issued bounced cheques.

Karnataka government relaxes setback norms for small plots in Bengaluru

ET Realty Residential
6th Jan, 2026

Bengaluru's government has eased building regulations for small residential plots, amending the master plan to relax setback rules for properties up to 4,000 square meters. New norms offer reduced front and side setbacks, and eliminate rear setbacks for plots as small as 60sqm, unlocking buildable space while ensuring safety and rainwater percolation.

Kolkata civic body launches city-wide drive to demolish dilapidated, insecure buildings

ET Realty Infrastructure
6th Jan, 2026

Following a building collapse, the Kolkata Municipal Corporation is launching a city-wide demolition drive for dilapidated and insecure structures. The KMC Buildings Department will use special powers to raze buildings posing a threat to residents and pedestrians, with over 150 identified for immediate action. The civic body is also offering incentives for reconstruction to accommodate existing tenants.

Chimbel villagers harden stance against Unity Mall, to continue protest till govt scraps project

ET Realty Retail
5th Jan, 2026

Chimbel villagers are intensifying their agitation against the Unity Mall and Prashaasan Stambh projects, vowing to continue their hunger strike until the government scraps them. Political leaders and activists have voiced strong opposition, alleging corruption and environmental degradation, and urging the public to resist the projects.

Bengaluru development body asks Gunjur society to form an RWA within one week

ET Realty Residential
5th Jan, 2026

BDA notice directing formation of residents’ association within one week amidst lack of clarity on guidelines or registering authority leaves homeowners confused. Residents of BDA‑developed apartment complex say property still has pending work and various maintenance issues including lack of functioning lift, while urging authorities to look into matter

About 29 illegal colonies in Baghpat served notices; bulldozer action planned

ET Realty Infrastructure
5th Jan, 2026

Baghpat authorities have issued notices to 29 illegal colonies and a private school for unauthorized constructions. The school faces scrutiny for building without mandatory approvals, with demolition action threatened if violations aren't rectified. This drive aims to curb illegal constructions that hinder planned development and public safety.

Jaipur: LSG department to ask owners for demolition costs of 20 buildings in Chomu

ET Realty Infrastructure
5th Jan, 2026

Authorities in Chomu town are preparing to send recovery notices to owners of 20 buildings demolished following alleged stone-pelting incidents against police. This marks the first large-scale demolition by the local civic body, which also sealed three other structures for construction without proper documentation. The move aims to recover demolition costs from the property owners.

India office market posts net absorption of 61 million sq ft in 2025: Report

ET Realty Commercial
5th Jan, 2026

In 2025, India's office sector soared to new heights with an unprecedented net absorption of 61.4 million sq ft. Bengaluru took the lead in demand, closely trailed by the dynamic Delhi NCR. The surge was largely fueled by Global Capability Centres, highlighting their pivotal role in this flourishing market.

Delhi: DDA launches second phase of 'Towering Heights' project

ET Realty Residential
4th Jan, 2026

The Delhi Development Authority is rolling out the second phase of its ambitious Karkardooma housing scheme. With 741 flats available to eager homebuyers on a first-come, first-served basis, registrations kick off on January 8.

Goa: Town planning department opens green areas in Calangute, Anjuna for settlement

ET Realty Infrastructure
4th Jan, 2026

Goa's town and country planning department has approved land conversions in Calangute, Para, Anjuna, and Aldona. Over 35,000 square meters of orchards and natural cover will become settlement zones. Many areas are ecologically sensitive and in demand by developers. The department issued a gazette notification, allowing 30 days for objections before final recommendations are sent to the state government.

Nagpur Metro's phase III to be extended to New Nagpur and beyond Butibori MIDC

ET Realty Infrastructure
4th Jan, 2026

Nagpur Metro's Phase 3 expansion is set to extend significantly beyond its initial scope, with plans now including a route to New Nagpur and an additional 5km stretch past Butibori MIDC. This expansion aims to bolster connectivity to emerging residential and industrial hubs, broadening the city's mass transit network.

CRDA unit offices set up for Amaravati land pooling phase II

ET Realty Infrastructure
4th Jan, 2026

Amaravati's land pooling gears up for its second phase, with unit offices establishing in villages across Guntur and Palnadu districts. Meanwhile, construction of residential buildings for officials and public representatives is nearing completion, with many expected to be handed over by April. The seed access road land acquisition is also set to begin.

Yamuna Expressway authority sets aside 500 acres in sector 11 for AI & finance hub

ET Realty Infrastructure
3rd Jan, 2026

Yamuna Expressway Industrial Development Authority (YEIDA) is developing a 500-acre hub in Sector 11 for AI and financial services companies. Land acquisition is largely complete, and YEIDA will now invite expressions of interest from firms. The sector will also house data centers and companies in banking technology and financial software development.

Visakhapatnam: VMRDA to develop 25,000 plots in middle-income group layouts

ET Realty Infrastructure
3rd Jan, 2026

Visakhapatnam Metropolitan Region Development Authority (VMRDA) will develop 25,000 plots for middle-income groups in 2026. Ten major goals are set for this year, including master plan completion and road development. VMRDA will also launch 'Work with VMRDA' for direct citizen interaction. Initiatives like VIBE and digitisation will enhance transparency and efficiency.

Goa government set to start land survey five decades after previous one

ET Realty Infrastructure
3rd Jan, 2026

Goa is launching its first land survey in over 50 years to update records and issue urban property cards. The digital survey will begin in Panaji, Margao, and Cuncolim municipal areas, following the notification of the Goa (National Geospatial Knowledge Based) Land Survey of Urban Habitations Rules, 2025.

Gujarat to develop five satellite towns to ease pressure on cities by 2030

ET Realty Infrastructure
3rd Jan, 2026

By 2030, Gujarat is set to transform its urban landscape with the creation of five satellite towns: Sanand, Savli, Kalol, Bardoli, and Hirasar. Equipped with metro-like transit systems and complemented by electric buses, these towns will alleviate congestion in larger cities.

Six get commercial plots at sector 7 under land pooling in Pithampur

ET Realty Commercial
3rd Jan, 2026

MPIDC has allotted land to six owners under the land pooling scheme for Sector 7 industrial belt development in Pithampur. This process involved 47 commercial plots valued at Rs 47 crore, with remaining compensation to be settled through residential plot allotments. The initiative aims for fair compensation and planned industrial development.

About 300 houses for Wayanad landslide victims to be handed over in Feb: Kerala CM

ET Realty Residential
2nd Jan, 2026

In February, Kerala will unveil the first phase of its rehabilitation plan: 300 homes for the victims of the Wayanad landslide. This initiative is part of a larger township development, designed to provide essential facilities that promote a dignified lifestyle.

Fixed fee for property tax name transfers from January in Tambaram

ET Realty Residential
2nd Jan, 2026

Tambaram City Municipal Corporation has significantly reduced property tax name change charges, introducing a uniform fee of ₹500 for residential and ₹1,000 for commercial properties. This move, effective from January, replaces the previous system where charges were based on property market value, often costing residents thousands.

Alkem Laboratories' founder's parents buy penthouse for ₹63 crore in Bandra, Mumbai

ET Realty Residential
2nd Jan, 2026

Satish Kumar Singh and Premlata Singh, parents of Alkem Laboratories founder Sandeep Singh, have purchased a Rs 63 crore penthouse in Khar-Bandra. This 'villa in the sky' at S Raheja’s Evergreen tower boasts exclusive terraces and a double-height living room. The deal sets a new benchmark as the costliest non-sea-facing apartment in Bandra.

Uttar Pradesh plans to offer up to 25% discount to clear 10,000 unsold flats in Ghaziabad

ET Realty Residential
2nd Jan, 2026

The Uttar Pradesh government is offering discounts of up to 25% to clear a backlog of nearly 10,000 unsold flats in Ghaziabad. New guidelines aim to standardize pricing and reduce costs, with additional rebates for prompt payments. Premium charges for desirable units have also been capped.

Karnataka relaxes occupancy certificate rule for houses on 30x40 plots in rural areas

ET Realty Residential
1st Jan, 2026

Farmhouse and new property owners in rural Karnataka now have a significant reprieve. The government has exempted certain residential buildings, specifically those on 30x40 sqft plots and up to G+2 or Stilt+3 floors under gram panchayat limits, from obtaining occupancy certificates. This move aims to reduce administrative burden and expedite essential service connections.

Beed tops Maharashtra in rural housing drive as more than 50,000 families move into new homes

ET Realty Residential
1st Jan, 2026

Beed district has achieved the top spot in Maharashtra for its rural housing scheme implementation, with over 50,000 families moving into new homes. The district's success is attributed to meticulous planning, daily monitoring, and overcoming challenges like water scarcity and material constraints, ensuring timely completion of thousands of houses.

Retail leasing to hit nine million sq ft in 2025 on mall-led recovery: Cushman & Wakefield

ET Realty Retail
31st Dec, 2025

India’s retail real estate market is set to record its highest post-pandemic leasing at about nine million sq ft in 2025, driven by a strong year-end surge as new Grade A mall supply becomes operational. Improved availability of quality space has unlocked pent-up demand, while a robust supply pipeline is expected to push retail leasing further in 2026.

Bagmane Prime Office REIT files draft papers for ₹4,000 crore IPO

ET Realty Commercial
31st Dec, 2025

Bagmane Prime Office REIT is set to embark on an Initial Public Offering aiming to raise as much as ₹4,000 crore. The proceeds will be directed towards acquiring prime office assets and investing in a stake of another burgeoning business park.

Delhi-NCR office occupancy to cross 80% by FY27: ICRA

ET Realty Commercial
31st Dec, 2025

The office landscape in Delhi NCR is experiencing a robust transformation, with occupancy rates anticipated to surge dramatically by March 2027. The IT and consulting industries are fueling a leasing boom, while pre-leasing activity hints at sustained vigor despite new developments.

India office leasing holds steady at 75.2 million sq ft in 2025: Report

ET Realty Commercial
31st Dec, 2025

The year-end of 2025 saw India's office market thriving, achieving a remarkable 75.2 million sq ft in gross leasing amongst six major urban centers. Leading the charge were Bengaluru, Delhi-NCR, and Mumbai, spurred on by a wave of international firms and enhanced global capabilities.

Flexible workspace stock to cross 100 million sq ft by 2027: Report

ET Realty Commercial
31st Dec, 2025

The flexible workspace landscape in India is set to flourish, with expectations that total office space will surpass 100 million sq ft by 2027. The growth trajectory is largely influenced by enterprise and GCC demands. Leading the charge are Bengaluru and Delhi-NCR, followed closely by Pune's robust market share.

India’s retail real estate to attract $3.5 billion investments over next three years

ET Realty Retail
30th Dec, 2025

The future of India's retail real estate looks promising, with an estimated $3.5 billion in investments expected in the coming three years. As challenges mount for shopping centers in the West, international investors are turning their eyes to India.

Office vacancy levels likely to hit historic lows by FY27 as demand outpaces supply: ICRA

ET Realty Commercial
30th Dec, 2025

India's office landscape is on the brink of a transformation. By FY2027, vacancy rates are anticipated to plunge to their lowest levels in several years. The demand for leasing is outpacing new developments, fueled by the rise of global capability centers, flexible workspace providers, and the booming BFSI industry.

India’s office leasing crosses 70 million sq ft in 2025: Colliers

ET Realty Commercial
30th Dec, 2025

India's office market saw record leasing in 2025, surpassing 70 million sq ft. Bengaluru led demand, with strong contributions from Delhi NCR and Hyderabad. New office supply increased, but demand outpaced it, leading to lower vacancy and higher rentals.

REIT market in India crosses ₹2.3 lakh crore in asset value

ET Realty Commercial
30th Dec, 2025

India’s REIT market has grown into a mainstream asset class, with asset value of about ₹2.3 lakh crore and market capitalisation of nearly ₹1.66 lakh crore, surpassing Hong Kong. Supported by high occupancies, stable yields and strong returns, the sector is set for further growth as Sebi’s equity reclassification from 2026 is expected to broaden investor participation.

Net office leasing hits 55 million sq ft in 2025 across top cities: Anarock

ET Realty Commercial
29th Dec, 2025

In 2025, Indian office leasing set a new benchmark, totaling 55.16 million sq ft, marking a robust 10% increase. Bengaluru continued to lead the chart, although it saw a minor decline. In contrast, Pune experienced an astonishing 63% growth, fueled by a surge in demand from global capability centers, which accounted for 41% of the total.

Adani Group looks to build one of India’s largest hotel portfolios

ET Realty Hospitality
20th Dec, 2025

Gautam Adani's conglomerate is making a significant foray into hospitality, planning over 60 hotels across its airports and real estate. This ambitious move aims to diversify revenue streams beyond aeronautical income, positioning Adani Group as a major competitor to established players like Taj and ITC Hotels. Navi Mumbai is set to be a key development hub for these new ventures.

Bright Star Hotels served show-cause notice for violating building norms in Gurugram

ET Realty Hospitality
17th Dec, 2025

Bright Star Hotels faces serious allegations of violating urban development norms. The district town planner has issued a show-cause notice for allegedly subdividing a hotel-cum-commercial complex into multiple units and selling them without a mandatory license. The hotel could face demolition, sealing, or an FIR if violations are not explained.

Rates slashed, Chandigarh civic body begins process to rent out vacant shops

ET Realty Retail
15th Dec, 2025

The Municipal Corporation has reduced rents by 25% on hundreds of commercial properties to fill prolonged vacancies. This decision follows multiple failed auction attempts for various sites, including shops, booths, and kiosks. The move aims to generate revenue and reduce maintenance costs for the civic body.

Case filed in alleged resort land investment fraud in Udupi

ET Realty Hospitality
15th Dec, 2025

A Kerala-based transport professional and his associates were allegedly defrauded of several lakhs of rupees by individuals promising land for a resort development along the Udupi coast. The complainants were persuaded to invest in a venture, with payments made to various accounts and individuals before the deal soured and threats were allegedly issued.

Pride Hotels targets IPO by March 2026 to fund renovations

ET Realty Hospitality
14th Dec, 2025

Pride Hotels is gearing up for an IPO scheduled for March 2026, fueling its ambition to revamp its existing properties while also focusing on debt reduction. This strategic move aligns with its plan to broaden its reach by launching new hotels in key business areas, popular leisure destinations, and spiritual hubs.

Six restaurants sealed for operating without BU approval in Ahmedabad

ET Realty Retail
13th Dec, 2025

Ahmedabad Municipal Corporation is cracking down on illegal establishments, sealing six restaurants and cafes in the West Zone for operating without Building Use permission and Fire NOC. Popular eateries in Gota, Thaltej, and Bodakdev were among those shut down. The AMC also fined two construction sites for safety violations, emphasizing its commitment to enforcing regulations.

Chalet Hotels acquires resort property in Udaipur for ₹171 crore

ET Realty Hospitality
12th Dec, 2025

Chalet Hotels is set to acquire a 150-room resort in Udaipur for ₹171 crore, pending due diligence. The company also announced leadership changes, appointing Shwetank Singh as MD & CEO and Dr. Sanjay Sethi as a Non-Independent Non-Executive Director, both effective February 1, 2026.

Hyderabad: Auro Realty acquires Taj Banjara for ₹315 crore

ET Realty Hospitality
11th Dec, 2025

Aurobindo Group's realty arm, Auro Realty, has acquired the iconic Taj Banjara hotel in Hyderabad for ₹315 crore. The deal marks the end of operations for one of the city's first five-star hotels, which has been closed since its lease expired in 2023.

Uttarakhand cabinet okays proposal for resort building on farmland without land use change

ET Realty Hospitality
11th Dec, 2025

The Uttarakhand cabinet has taken significant steps towards enhancing the tourism sector by approving agricultural land for resort development without altering its designated use. The new regulations stipulate that roads in hilly areas must be at least six meters wide, while those in plains should be nine meters.

Ghost malls across 32 cities offer ₹357 crore annual rental potential: Report

ET Realty Retail
10th Dec, 2025

A striking report highlights that there are 74 ghost malls scattered across India, with 15 of them having the potential to generate a whopping ₹357 crore annually if they undergo revitalization. The highest rental returns can be found in Tier-1 cities, making these areas prime real estate havens.

Ridhira Group, Sumadhura sign MoUs with Telangana for projects worth ₹717 crore

ET Realty Hospitality
10th Dec, 2025

Telangana is gearing up for a transformative era as major investments take center stage. The Ridhira Group is allocating ₹117 crore to develop a premier hospitality project, while the Sumadhura Group has pledged an impressive ₹600 crore towards a vast industrial park.

Over 140 hotels & hostels in Nagpur play with fire, safety norms

ET Realty Hospitality
9th Dec, 2025

Nagpur faces a significant fire safety crisis with 143 hotels and hostels flagged for serious lapses, many operating without mandatory No Objection Certificates. Over 75% of establishments seeking temporary approval remain non-compliant, and 43 buildings are officially declared unsafe, yet most continue to operate, endangering lives.

Only 90 out of 1,000 hotels and clubs in Delhi have fire NOC

ET Realty Hospitality
9th Dec, 2025

Delhi Fire Service data reveals a stark reality: out of nearly 1,000 hotels and clubs, only 90 possess fire safety no-objection certificates. This comes as the city's excise department previously urged establishments to ensure safety measures, highlighting a significant gap in compliance despite regulations.

Nexus Select Trust evaluating three mall acquisitions in eastern India

ET Realty Retail
6th Dec, 2025

Nexus Select Trust is exploring the acquisition of three malls in eastern India. The REIT is dedicating upwards of Rs 10 crore to transform South City Mall, with an emphasis on modernizing infrastructure and leveraging the latest technology.

Nexus Select Trust buys 60,000 sq ft retail space in Elante Chandigarh for ₹253.7 crore

ET Realty Retail
5th Dec, 2025

Nexus Select Trust has bought 60,000 sq ft of retail space in Nexus Elante, Chandigarh. The acquisition cost ₹253.7 crore. This expansion will meet strong tenant demand. The new space is expected to boost income. This move aims to improve the mall's overall performance.

Ikea plans to add 4-5 stores every year

ET Realty Retail
28th Nov, 2025

Ikea is accelerating its expansion in India, aiming to open four to five stores each year. This move follows a successful strategy of localizing products and strengthening logistics in major cities. The company is focusing on a mix of leased and owned properties for faster growth.

Notice served to two developers in Gurugram for illegal construction in malls

ET Realty Retail
20th Nov, 2025

District town planner has issued show-cause notices to two prominent developers for extensive illegal constructions in Gurugram's commercial complexes after obtaining occupation certificates. Violations include structural modifications, illegal additions, and encroachments, prompting warnings of demolition and license cancellation if not rectified within 15 days.

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