Real Estate News

Property tax of 5,000 households set to rise as 19 roads upgraded in Patna

ET Realty Residential
20th Dec, 2025

Patna residents face a significant property tax hike as 19 main roads are upgraded to 'principal main road' status. Over 5,000 households will see their residential property taxes increase by approximately 1.5 times. Commercial properties, including hotels and malls, will also experience substantial increases, with some facing up to double the previous tax.

Lucknow development body opens registration for plots in Anantnagar scheme

ET Realty Residential
20th Dec, 2025

The Lucknow Development Authority is opening online registrations for 637 residential plots in its Anantnagar housing scheme. The application window opens on December 20 and closes on January 12. Allotments will be conducted through a lottery system. The scheme offers plots ranging from 112.5 to 450 square metres. This phase includes plots in Akash Khand and Adarsh Khand.

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.

Telangana housing board announces sale of LIG flats in Hyderabad

ET Realty Residential
19th Dec, 2025

The Telangana Housing Board is selling 339 one-bedroom flats for the Lower Income Group in Gachibowli, Warangal, and Khammam. Priced below market rates, these homes are for individuals earning up to Rs 6 lakh annually. Lotteries for Gachibowli, Warangal, and Khammam flats are scheduled for January 6, 8, and 10 respectively.

Five roads along Jaipur metro are now transit-oriented development corridors

ET Realty Infrastructure
19th Dec, 2025

Jaipur Development Authority (JDA) has designated five key roads along the metro line as Transit-Oriented Development (TOD) corridors. These zones, extending 800 meters from metro stations, will mandate mixed land use, including residential, commercial, and industrial development, as per the state government's policy.

Backlog of 3,228 illegal construction cases overwhelms Goa's panchayat courts

ET Realty Infrastructure
19th Dec, 2025

Over 3,200 illegal construction cases are overwhelming Goa's panchayat judicial system, with experts citing a deliberate weakening of local governance. A flawed workflow, initiated by changes in 2010, allows the Town and Country Planning department to bypass panchayats, leading to appeals and indefinite delays that benefit the construction lobby.

Public transport must anchor urban mobility, says housing ministry

ET Realty Infrastructure
19th Dec, 2025

As Indian metropolises grapple with escalating pollution and relentless traffic congestion, prioritizing public transport has never been more crucial. Specialists recommend a smart urban planning strategy that promotes residential areas in proximity to workspaces.

Elon Musk's Starlink leases first office space with CorporatEdge in New Delhi

ET Realty Commercial
19th Dec, 2025

Elon Musk-owned Starlink has secured its first office space in northern India, leasing a 50-seater facility at Delhi's World Trade Center. This move, alongside OpenAI's similar decision, signals a strategic choice for proximity to the capital's power centers and a preference for flexible, premium workspace providers.

Hubballi smart city houses remain vacant as families wait for keys

ET Realty Residential
18th Dec, 2025

Smart City homes for families displaced by road expansion in Hubballi remain undelivered by the HDMC. Built in 2022, these houses are still unoccupied due to pending electrical and sanitation work. Beneficiaries, who were promised possession last September, continue to wait. The delay has led to the deterioration of the newly constructed buildings.

Police seek tenant data from apartments in Bengaluru

ET Realty Residential
18th Dec, 2025

Kumbalgodu Police asked residents’ welfare associations asked to share details of out-of-state residents, foreign nationals and private staff

Compound wall collapse prompts evacuation from 192 apartments in Surat

ET Realty Residential
18th Dec, 2025

Residents of 192 apartments at Shiv Residency were evacuated after a deep foundation pit's retaining wall collapsed, causing the compound wall to cave in. The Surat Municipal Corporation suspended licenses of four individuals for negligence, citing water accumulation and soil settlement as probable causes for the incident.

Vadodara civic body gets ₹235 crore grant for urban projects

ET Realty Infrastructure
18th Dec, 2025

Vadodara Municipal Corporation (VMC) received a Rs 235 crore grant under the Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana, bringing the total released to Rs 365 crore. The funds, part of a larger Rs 455 crore allocation, will be used for various urban development projects. The cheque was presented by Chief Minister Bhupendra Patel.

Acquire land for airport in four months: HC to Meghalaya

ET Realty Infrastructure
18th Dec, 2025

In a significant ruling, the Meghalaya High Court has mandated the Ri-Bhoi deputy commissioner and the transport department to hasten the acquisition of 11.75 acres required for the expansion of Shillong Airport, with a deadline set for January 10.

Gurugram-Noida RRTS route takes shape, six stations in draft detailed project report

ET Realty Infrastructure
18th Dec, 2025

A new rapid rail corridor is proposed between Gurgaon's IFFCO Chowk and Greater Noida's Surajpur, costing an estimated Rs 15,000 crore. This crucial link aims to connect IGI Airport with the upcoming Jewar Airport. Haryana government has suggested an underground route within Gurgaon, citing land costs and urban density, while NCRTC prefers an elevated line.

Gurugram: Property registrations blocked in Raheja Developers' commercial project

ET Realty Commercial
18th Dec, 2025

The district town planner has ordered the sub-registrar to halt property transactions for Raheja Developers' commercial project in Sector 84, Gurugram, as its development licence expired in May 2019 and was not renewed. The builder has also been directed to cease all site work immediately to protect buyers' interests.

Mumbai: Parel residents flag ‘polluting’ SRA building site

ET Realty Residential
17th Dec, 2025

A Parel residents' forum has complained to the MPCB about a Slum Rehabilitation Authority project violating pollution norms. Excavation and activities reportedly continue until 2 am, with a lack of dust control measures like sprinklers or tarpaulin. The MPCB will depute an officer to investigate the matter.

Mumbai: Few thousand Dharavi residents need to move to transit homes

ET Realty Residential
17th Dec, 2025

Dharavi redevelopment project will require thousands of residents to move to transit or rental accommodation, contradicting earlier key-to-key rehab promises. This relocation is deemed necessary for the project's smooth transition and to expedite construction. Eviction notices have been issued, with eligible residents offered rent, while others are being moved to previously permanent housing now designated as transit tenements.

Bhopal: 'Housing for all' draws public anger over delays

ET Realty Residential
17th Dec, 2025

Beneficiaries of Bhopal's Housing for All project expressed anger over significant delays in flat possession, with many waiting eight years. Mayor Malti Rai cited RERA approval delays and assured handover by May 2026, acknowledging the financial strain on residents. The project, launched in 2017, has seen repeated protests due to incomplete construction.

Indore eyes slum-free status in five years

ET Realty Residential
17th Dec, 2025

Indore aims to become slum-free in five years, with plans to construct over 16,000 houses under PMAY 2.0 in the next three years. This initiative, costing Rs 2,200 crore, will facilitate the rehabilitation of slum dwellers and clear encroachments hindering development. Detailed project reports for five of the ten selected locations have been submitted.

Gujarat govt tells civic bodies, urban development bodies to prepare draft development plans by June 30

ET Realty Infrastructure
17th Dec, 2025

Gujarat is accelerating urban development, aiming to finalize draft development plans and pending town planning schemes by June 30, 2025. This push follows the state's successful bid to host the 2030 Commonwealth Games and is also timed with upcoming local body elections in early 2026.

Chief vigilance officer orders action against illegal construction in Ludhiana’s BRS Nagar

ET Realty Infrastructure
17th Dec, 2025

A senior vigilance officer has ordered the Municipal Corporation to take action against illegal commercial construction in BRS Nagar. The building, located on a residential plot, is reportedly being built for commercial use, violating town planning rules. The construction of the second floor is ongoing. A complaint also alleges repeated tree cutting, a violation of state policy.

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.

GRAP IV restrictions go up in smoke, Gurugram chokes on dust as building sites flout norms

ET Realty Infrastructure
15th Dec, 2025

Gurugram's air quality plummets as construction sites flout pollution control norms under GRAP stage 4 restrictions. Despite a ban, many sites continue operations without basic dust mitigation, leaving residents gasping for breath amidst a pervasive haze. Authorities claim action, but visible dust and non-compliance paint a grim picture.

YEIDA to prepare future-ready service master plan

ET Realty Infrastructure
15th Dec, 2025

YEIDA is hiring a consultant to create a comprehensive service master plan for water supply, sewerage, and stormwater drainage. This plan will assess current infrastructure, identify gaps, and outline a roadmap for future development and integration with Master Plan 2041, ensuring the region's growth is supported by robust utility systems.

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.

360 ONE real assets platform raises ₹2,300 crore

ET Realty Commercial
15th Dec, 2025

In a remarkable feat, 360 ONE Asset's real assets platform has amassed ₹2,300 crore within just four months, showcasing its strong appeal to investors. This fund primarily focuses on acquiring infrastructure and income-generating commercial ventures.

Concorde invests ₹125 crore to develop commercial block at Concorde Mayfair in Bengaluru

ET Realty Commercial
15th Dec, 2025

Bengaluru's Concorde has invested ₹125 crore to develop a commercial block at Concorde Mayfair. This new development in Yelahanka will feature retail spaces and office units.

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.

Gurugram: Owners of 32nd Avenue served notice for breaches in building code

ET Realty Commercial
13th Dec, 2025

Gurgaon authorities have issued a show-cause notice to 32nd Avenue owners. Inspections revealed violations of approved building and layout plans. These include encroachments and illegal conversions. Previous notices for similar breaches went unaddressed. Owners must appear on December 17, 2025, with relevant documents. Failure to comply could lead to demolition or sealing.

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.

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.

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.

MPIDC gets consent for 300 hectare for Indore-Pithampur economic corridor

ET Realty Commercial
11th Dec, 2025

Landowners have given consent for nearly 300 hectares for the Indore-Pithampur Economic Corridor. This vital infrastructure project will connect Indore and Pithampur, a major industrial hub. The corridor aims to improve freight movement and reduce travel times. It is expected to attract new industrial investments. Efforts are underway to complete land pooling formalities.

Karnataka government to open bids for IT Park project in Mangaluru next week

ET Realty Commercial
11th Dec, 2025

Karnataka will open bids on December 15 for a new IT Park in Mangaluru. This project, costing Rs 135 crore, is part of the state's 'Beyond Bengaluru' initiative. The government aims to boost IT and BT investments across various regions. Selected bidders will get government land on a 30-year lease.

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.

Brookfield India REIT raises ₹3,500 crore via QIP to fund expansion, debt reduction

ET Realty Commercial
10th Dec, 2025

Brookfield India REIT has made headlines by raising ₹3,500 crore via a qualified institutional placement, indicating a high level of investor interest. This capital will play a crucial role in expanding their portfolio, especially with the noteworthy acquisition of Ecoworld in Bengaluru on the horizon.

Ranchi civic body to enforce strict regulations on commercial activities

ET Realty Commercial
10th Dec, 2025

In an effort to bolster city revenues and regulate commercial activities, Ranchi Municipal Corporation is intensifying its scrutiny of city advertising displays. A comprehensive review of all hoardings is underway, and those failing to meet regulations will face penalties.

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.

Smartworks leases 1.68 lakh sq ft in Kolkata; 91Springboard adds over one lakh sq ft in Bengaluru & Chennai

ET Realty Commercial
4th Dec, 2025

Smartworks Coworking Spaces has secured a 1.68 lakh sq ft in Kolkata for a global IT firm, which will operate across two distinct campuses. Concurrently, 91Springboard has launched two hubs in Bengaluru and Chennai, accommodating a total of 2,500 seats, with plans for them to be operational by February 2026.

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.

Kajol Devgan lease out retail unit for ₹8.6 crore in Mumbai

ET Realty Retail
19th Nov, 2025

Kajol Devgan has secured a prime retail location in Goregaon West, Mumbai, covering 1,817 sq ft, complete with parking provisions. The leasing arrangement kicks off with a monthly rent of ₹6.9 lakh, spanning nine years.

Blackstone-backed REIT eyes Diamond Plaza mall buyout

ET Realty Retail
18th Nov, 2025

Nexus Select Trust, backed by Blackstone, is in advanced talks to acquire Diamond Plaza mall in Dum Dum for an estimated Rs 450-600 crore. This potential acquisition follows the REIT's recent purchase of South City Mall for Rs 3,250 crore. The deal signifies Nexus Select Trust's continued expansion in India's retail real estate market, particularly in the eastern region.

LuLu Group revives mall project in Visakhapatnam

ET Realty Retail
15th Nov, 2025

LuLu Group International will revive its Visakhapatnam shopping mall project after a hiatus, citing circumstances beyond their control during the previous government's tenure. Chief Minister N Chandrababu Naidu's invitation prompted the revival, with construction set to begin this week and completion expected within three years, creating thousands of jobs.

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