Real Estate News

Ludhiana civic body urges residents to pay property tax as deadline looms

ET Realty Residential
31st Aug, 2025

The Ludhiana municipal corporation is making a final push to collect outstanding property tax by offering a one-time settlement (OTS) policy, which waives all penalties and interest. The deadline for the scheme is August 31st. To facilitate last-minute payments, suvidha kendras will remain open on Saturday and Sunday, providing residents a golden opportunity to clear their dues.

Ghaziabad has 300 more hectares where illegal colonies may come up

ET Realty Infrastructure
31st Aug, 2025

Ghaziabad faces a growing challenge as non-conforming land use has expanded by 301 hectares in the latest Master Plan 2031, signaling a surge in unplanned development and potentially fueling the proliferation of illegal colonies. The city now has 1,391 hectares classified as non-conforming land, prompting GDA to conduct a survey of these zones.

Over 140 unauthorised structures in Vasai-Virar region will be demolished post Ganpati festival: Maharashtra minister

ET Realty Infrastructure
31st Aug, 2025

Following the tragic building collapse in Virar East that resulted in 17 fatalities, Maharashtra Minister Ganesh Naik announced the demolition of 141 unauthorized buildings across the Vasai-Virar region after the Ganpati festival. Naik emphasized the need for strict action against illegal constructions and promised to address the rehabilitation of affected residents with the Chief Minister.

Stamp duty rebate extended to ex-servicemen and PwDs: Uttar Pradesh CM

ET Realty Residential
30th Aug, 2025

Chief Minister Yogi Adityanath extended stamp duty concessions to ex-servicemen and persons with disabilities, mirroring benefits for women, offering a 1% relief up to Rs 1 lakh on properties valued up to Rs 1 crore. E-payment for fees exceeding Rs 20,000 will be mandatory, and Aadhaar authentication will be implemented to curb fraud.

States to be soon ranked on land record quality, ease of land acquisition for road projects

ET Realty Infrastructure
30th Aug, 2025

The government is set to rank states based on their land record quality, land acquisition ease, and highway project support. Delays in land acquisition and poor records significantly hinder road project execution. This ranking aims to address issues like 'missing plots' discovered post-approval, causing project standstills and prolonging completion timelines, as highlighted by the road transport and highways secretary.

Telangana government prepares for forensic audit of land records

ET Realty Infrastructure
30th Aug, 2025

Telangana is gearing up for a forensic audit of its land records, with Telangana Technology Services Limited (TGTS) expected to sign an agreement with a Kerala-based security audit agency within a week. The audit will initially focus on suspicious land transactions in districts like Rangareddy and Hyderabad.

Property prices rise in 45 of 50 cities in Q1 FY26: NHB report

ET Realty Residential
29th Aug, 2025

NHB data reveals that property prices in 45 out of 50 cities increased in the first quarter of 2025-26, with the 50-city Housing Price Index rising by 5.7%. Bengaluru saw the highest appreciation at 9.1%, while Howrah experienced the maximum decline at 6.1%. Home loan interest rates also moderated by 100 basis points in February 2025.

Expedite OC nod for 18 floors in south Mumbai highrise, residents urge CM & BMC chief

ET Realty Residential
29th Aug, 2025

Thirty-four flat occupants vacated the top eighteen floors of Willingdon View in Tardeo. This followed a Bombay High Court deadline. Residents, led by Mangal Prabhat Lodha, met Chief Minister Devendra Fadnavis and BMC Commissioner Bhushan Gagrani. They requested a quick Occupation Certificate for the upper floors. The society claims compliance with fire safety norms. They are willing to pay penalties.

Bhubaneswar: Residents accuse builder of occupying common areas, neglecting safety issues

ET Realty Residential
29th Aug, 2025

Residents of a Rasulgarh real estate project have accused the builder of illegally occupying common areas for commercial use, causing parking issues and safety concerns. They've filed a grievance citing unauthorized construction, an incomplete compound wall, and water stagnation in the basement. Authorities have been urged to investigate these violations of the Odisha Apartment Act.

Ludhiana development body razes illegal colony, warns builders against fleecing residents

ET Realty Infrastructure
29th Aug, 2025

Greater Ludhiana Area Development Authority (Glada) has taken strong action against unauthorized colonies, demolishing illegal constructions in Bhadla village. This special drive aims to protect residents from fraudulent developers offering cheap plots without proper approvals. Glada advises the public to verify colony approvals on their website before investing, warning that unauthorized areas will lack essential services.

CapitaLand to sell Chennai unit leased to Apple supplier

ET Realty Commercial
29th Aug, 2025

CapitaLand is divesting a 750,000 sq ft industrial unit in Chennai leased to Pegatron, a key Apple supplier, with potential bids reaching ₹600 crore. Brookfield, Hines, and Hillhouse Capital are among the interested parties. The facility is significant for iPhone manufacturing in India, producing around 750,000 units, including refurbished models.

To attract companies, Greater Noida may double FAR

ET Realty Commercial
29th Aug, 2025

Greater Noida Industrial Development Authority (GNIDA) has proposed increasing the floor area ratio (FAR) for IT, ITES, and Biotech Park plots from 2 to 4, seeking state government approval. This decision follows demands from existing allottees and new investors, aiming to accommodate the region's growth as an investment hub.

Haryana abolishes stamp duty on purchase of 50 sq yards, 100 sq yards plots

ET Realty Residential
28th Aug, 2025

Haryana Chief Minister Nayab Saini has abolished stamp duty on small residential plots in urban and rural areas, benefiting those under various housing schemes. This decision came in response to opposition concerns about increased collector rates, which Saini defended as a data-driven and transparent process. He also criticized the previous government's handling of collector rates, alleging favoritism towards builders.

Mundhwa society residents question inclusion in slum rehabilitation plan in Pune

ET Realty Residential
28th Aug, 2025

Residents of Sarvodaya Cooperative Housing Society in Mundhwa are protesting their society's inclusion as a slum in the 2017 development plan. They claim their land was wrongly classified, and residents falsely listed as slum dwellers. A complaint has been filed with the Slum Rehabilitation Authority (SRA). Residents fear the SRA project will reduce their living space.

Jet Airways to transfer Mumbai office space lease for ₹370 crore

ET Realty Commercial
28th Aug, 2025

Jet Airways, currently in liquidation after ceasing operations in 2019, has agreed to transfer the lease of its Mumbai office space to Parthos Properties Pvt Ltd for Rs 370.25 crore. This transfer, part of the Insolvency and Bankruptcy Code process following a Supreme Court order in November 2024, is pending approval from the Mumbai Metropolitan Region Development Authority.

Noida: Over 120 families asked to vacate Janta flats after roof collapse

ET Realty Residential
27th Aug, 2025

In Noida's Sector 31, approximately 130 families face displacement after a roof collapse exposed critical structural flaws in Janta and EWS flats. Years of seepage, neglect, and unauthorized modifications have rendered the buildings unsafe, prompting an evacuation advisory. Redevelopment plans offer long-term solutions, but residents grapple with immediate housing concerns and financial constraints.

Chandigarh administration maintains status quo on group housing society property issues

ET Realty Residential
27th Aug, 2025

Chandigarh administration will maintain the current regulations on property matters. This impacts group housing and cooperative societies. Issues include conversion charges and unearned increase. The administration has responded to the Ministry of Home Affairs. Need-based changes will not be allowed due to planning concerns. The decision affects thousands of flats in the city. GST on conversion fees is under consideration.

Chandigarh power company warns to pull the plug on 805 houses

ET Realty Infrastructure
27th Aug, 2025

Chandigarh Power Distribution Limited (CPDL) has issued disconnection notices to 805 homeowners for unauthorized constructions dangerously close to electric infrastructure across various sectors and colonies. These violations, including extended buildings and encroachments, breach safety regulations. Residents are instructed to remove these hazards to avoid electricity disconnection and legal action, ensuring public safety.

HYDRAA reclaims encroached land worth ₹100 crore in Hyderabad’s Jubilee Hills

ET Realty Infrastructure
27th Aug, 2025

HYDRAA reclaimed a 2,000 square yard plot in Jubilee Hills, valued at ₹100 crore, after over two decades of encroachment. The land, originally designated for community use by the Jubilee Hills Cooperative Housing Society, was illegally occupied by an individual running a nursery.

Navsari civic body serves notices to 40 illegal under-construction sites

ET Realty Infrastructure
27th Aug, 2025

Navsari Municipal Corporation has initiated a crackdown on illegal construction. Notices were issued to 40 commercial and residential sites lacking valid permissions. The town planning department inspected 200 sites, demanding document submission within five days. Structures without approvals may face demolition. Ward-10 recorded the highest number of suspected illegal constructions.

Transit-oriented development could transform Bengaluru traffic system

ET Realty Infrastructure
27th Aug, 2025

The state government will engage world-class private agencies through international bidding, moving away from relying solely on state-run institutions. Covering BBMP limits and beyond, over 500 sq km, the plan will utilise drone surveys, updated land-use maps, high-resolution images, and digital elevation models.

Six districts to join Lucknow to form state capital region

ET Realty Infrastructure
27th Aug, 2025

Lucknow is poised for significant expansion with the launch of the State Capital Region (SCR) project, drawing inspiration from Delhi-NCR. The LDA has submitted a detailed report to the state government, encompassing six districts for integrated development.

REIT penetration in Indian office market can hit 30% by 2030: Colliers India

ET Realty Commercial
27th Aug, 2025

A Colliers India report projects India's office REIT penetration to reach 25-30% by 2030, up from the current 16%. Approximately 500 million sq ft of office assets are REIT-worthy, with significant potential in secondary business districts. Bengaluru, Hyderabad, and Delhi NCR hold the largest share of future REITable stock.

Hrithik Roshan rents sea-facing Juhu flat to partner Saba Azad at fraction of going rate

ET Realty Residential
26th Aug, 2025

Hrithik Roshan has leased a sea-facing apartment in his Juhu property to his partner, Saba Azad, for a monthly rent of Rs 75,000. This is significantly lower than the prevailing market rates in the Mannat Apartments, where Roshan owns three floors. A comparable unit in the same building was leased for Rs 10 lakh per month earlier this year.

TCS inks ₹2,130 crore, 15-year lease for 1.4 million sq ft in Bengaluru

ET Realty Commercial
26th Aug, 2025

Tata Consultancy Services (TCS) has leased 1.4 million sft of office space at 360 Business Park in Bengaluru's Electronic City, marking a significant real estate deal. The agreement with Labzone Electronics City Pvt Ltd covers two towers with a 15-year lease. TCS will pay a monthly rent of Rs 9.

DDA to e-auction over 200 properties including festival event sites, cafes

ET Realty Retail
25th Aug, 2025

The Delhi Development Authority (DDA) has launched an e-auction featuring over 200 premium properties, including function sites, kiosks, and cafes, available on a license-fee basis. This initiative aims to provide additional event spaces during the upcoming festive season. Registration begins August 26, with e-auctions starting September 30, offering opportunities for various commercial ventures across Delhi.

360 ONE Asset acquires 50% stake in Bluegrass Business Park in Pune for ₹2,400 crore

ET Realty Commercial
25th Aug, 2025

360 ONE Asset procured a 50% stake in Bluegrass Business Park. The acquisition was made from Brookfield Asset Management. The business park is a two million sq ft office development. It is located in Kalyani Nagar, Pune. The deal was valued at approximately ₹2,400 crore. Brookfield will continue to manage the asset. They will also oversee development and leasing.

Microsoft takes up 2.64 lakh sq ft office in Hyderabad at ₹5.4 crore per month

ET Realty Commercial
25th Aug, 2025

Microsoft India (R&D) has leased 264,000 sq ft in Hyderabad's financial district from Table Space Technologies, commencing July 2025. The five-year lease at Phoenix Centaurus involves a monthly rent of ₹1.77 crore, escalating annually by 4.8%. This expansion highlights Hyderabad's appeal to large tech companies due to its talent pool and infrastructure.

Fit-outs now key revenue engine for flexible offices

ET Realty Commercial
22nd Aug, 2025

Flexible workspace operators are increasingly benefiting from office fit-outs, which have become a significant revenue stream. India's cost-effective fit-out market, coupled with rising demand for customized workspaces, attracts businesses. Companies like Awfis and Carbon Guardians are expanding their fit-out services, driven by growth in gross leasing and the expansion of global capability centers, contributing significantly to their revenues.

Microchip picks up office space in Bengaluru for ₹176 crore

ET Realty Commercial
22nd Aug, 2025

Microchip Technology, through its Indian arm, has acquired 1.72 lakh sq ft of office space in Whitefield, Bengaluru, for ₹176 crore. The purchase from Ascendum Solution India includes two commercial blocks in the EPIP Zone. This significant transaction, valued at ₹10,230 per sq ft, marks one of the largest office space buyouts in the city this quarter.

Indore civic body seals 36 shops for non-payment of property tax

ET Realty Retail
21st Aug, 2025

Indore Municipal Corporation took action against tax defaulters. IMC sealed thirty-six shops in Siddhi Vinayak Market 2 on Jail Road. The reason was non-payment of property tax and garbage collection fees. Shopkeepers must provide registration documents and pay dues to get the seals removed.

Gujarat RERA seeks govt help to finish stalled World Trade Centre project at GIFT City

ET Realty Commercial
21st Aug, 2025

GujRERA has urged the Urban Development Department to find a solution for the stalled World Trade Centre project at GIFT City, where investor funds are stuck. This intervention follows the ED's arrest of the promoter for real estate fraud and the allottees' inability to complete the project.

CCI approves Phoenix Mills acquisition of CPP Investments' 49% stake in ISMDPL

ET Realty Retail
20th Aug, 2025

The Competition Commission of India (CCI) has approved The Phoenix Mills' (PML) proposal to acquire Canada Pension Plan Investment Board's (CPP Investments) 49% stake in Island Star Mall Development (ISMDPL). PML will gain full ownership of ISMDPL for ₹5,449.16 crore.

DDA's land licensing model bags ₹10,000 crore deal

ET Realty Hospitality
17th Aug, 2025

The Delhi Development Authority (DDA) has awarded its first Special License Property (SLP) project to Fleur Hotels, a Lemon Tree Hotels subsidiary, projecting a revenue of Rs 10,000 crore over 55 years. Fleur Hotels secured the 2-acre Nehru Place land parcel, earmarked for a five-star hotel, with an annual license fee of Rs 27.19 crore.

Amazon leases six lakh sq ft warehousing at Kolkata's Oswal Logistics Park

ET Realty Retail
13th Aug, 2025

Amazon is expanding its Indian supply chain with a 600,000 sq ft built-to-suit facility at Oswal Logistics Park in Kolkata, expected by 2027-2028. This move, part of a larger leasing spree including 800,000 sq ft in Delhi NCR, highlights Amazon's bullish outlook on India's consumption growth and its strategy to enhance last-mile delivery capabilities.

Brigade Hotel Ventures posts profit of ₹7 crore in Q1 FY26

ET Realty Hospitality
13th Aug, 2025

Brigade Hotel Ventures Limited announced a consolidated net profit of Rupees 7.16 crore for the first quarter. This follows a net loss in the same period last year. Total income increased to Rupees 125.03 crore. The company plans to open nine new hotels using IPO funds and internal cash flow.

Mohali development body to hold draw for Aerocity’s SCOs, bay shops on Aug 14

ET Realty Retail
9th Aug, 2025

Gmada will conduct a numbering draw on August 14 for commercial SCOs and bay shops in Aerocity allotted under the land pooling scheme. The draw is for eligible Letter of Intent holders, with the list available on the Gmada website.

Tesla India takes on lease 8,200 sq ft commercial space in Delhi's Aerocity

ET Realty Retail
8th Aug, 2025

Tesla is expanding its Indian footprint, leasing 8,200 sq ft of commercial space in Delhi's Aerocity for Rs 17.22 lakh monthly, with a 9-year lease and rent increases every three years.

ITC Hotels to develop Fortune Select hotel in Lucknow

ET Realty Hospitality
8th Aug, 2025

ITC Hotels is expanding its Fortune Hotels portfolio with a new agreement with CEM Hospitality for a hotel in Lucknow, slated to open in 2026. This addition strengthens ITC's presence in Uttar Pradesh to seven operational properties, with six more in development. The new hotel will feature 93 modern rooms and diverse dining options.

Prestige Hospitality Ventures get Sebi's nod for IPO

ET Realty Hospitality
7th Aug, 2025

Prestige Hospitality Ventures, an arm of realty firm Prestige Estates Projects, is aiming to raise Rs 2,700 crore through its IPO, comprising a fresh issue of equity shares valued at Rs 1,700 crore, and an offer-for-sale (OFS) of equity shares worth Rs 1,000 crore, according to the draft red herring prospectus (DRHP).

Tesla leases 33,000 sq ft commercial space in Gurugram

ET Realty Retail
5th Aug, 2025

Tesla has leased a 33,000 sq ft space in Gurugram's Orchid Business Park for nine years, intended as a service, delivery, and retail center. The lease, registered on July 28, commences immediately with a starting rent of Rs 40 lakh, escalating annually by 4.75%.

Lucknow development body to sell vacant shops on first-come-first-served basis

ET Realty Retail
1st Aug, 2025

The Lucknow Development Authority plans to sell long-vacant commercial units on a first-come-first-serve basis after failed auctions, aiming to revive spaces and generate revenue. Additionally, LDA will revise land use for 40 unclaimed plots in seven housing schemes for residential and commercial purposes. A significant budget increase of Rs 12,504.

SC dismisses Zostel's appeal against Oyo

ET Realty Hospitality
31st Jul, 2025

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court order. The dispute traces back to 2015, when Oyo considered acquiring Zostel’s business including Zo Rooms.

Brigade Hotel Ventures shares drop nearly 10% in market debut trade

ET Realty Hospitality
31st Jul, 2025

Brigade Hotel Ventures Ltd shares debuted on the stock exchanges with a nearly 10% discount to the issue price of Rs 90. The IPO, which was subscribed 4.48 times, involved a fresh issue of shares worth Rs 759.6 crore. The company intends to use the proceeds to reduce debt, acquire land, and support strategic initiatives.

Nexus Select Trust net operating income up 11.65% in Q1 FY26

ET Realty Retail
30th Jul, 2025

Nexus Select Trust announced a robust 11.65% surge in net operating income, reaching ₹460.20 crore for Q1 FY26. Distributions of ₹2.230 per unit were declared. While total income grew by 11.92% to ₹647.89 crore, net profit saw a 14.32% dip, settling at ₹119.58 crore. The company's net worth stood strong at ₹13,955.38 crore.

LuLu Group allotted land in Visakhapatnam and Vijayawada

ET Realty Retail
29th Jul, 2025

The Andhra Pradesh government has allocated land to LuLu Group for mega malls in Vijayawada and Visakhapatnam. APIIC facilitated the 99-year lease. Laurus Labs received 532 acres for a pharma park, investing Rs 5,630 crore and creating jobs. LuLu's Visakhapatnam project, initially cancelled, is revived on the same land. Vijayawada's mall will be built on APSRTC land, facing opposition.

Brigade Hotel Ventures' IPO subscribed 1.19 times on day 2 of offer

ET Realty Hospitality
25th Jul, 2025

Brigade Hotel Ventures Ltd's IPO saw a subscription of 1.19 times on its second day, with strong retail interest at 4.65 times. The IPO aims to raise ₹759.6 crore, using proceeds for debt repayment, land acquisition, and strategic initiatives. The company, a subsidiary of Brigade Enterprises, operates nine hotels across India with 1,604 keys.

IHCL, Ambuja Neotia Group ink pact for 15 new hotels, focus on east, northeast region

ET Realty Hospitality
22nd Jul, 2025

Indian Hotels Company (IHCL) and Ambuja Neotia Group have partnered to develop 15 new hotels, primarily in east and northeast India. Ambuja Neotia Group will invest between Rs 1,500 crore to Rs 2,000 crore in greenfield, brownfield, and conversion projects across West Bengal, Sikkim, and Himachal Pradesh.

Brigade Hotel Ventures' ₹750-crore IPO to open on July 24

ET Realty Hospitality
20th Jul, 2025

Brigade Hotel Ventures, a South India hotel owner, will launch its IPO on July 24. The IPO aims to raise Rs 749.6 crore. It will close on July 28. Anchor investor bidding opens on July 23. Funds will be used for debt payment and land purchase. The company has nine operating hotels across multiple cities.

Indian Hotels net profit rises 26.56% to ₹329 crore in Q1 FY26

ET Realty Hospitality
18th Jul, 2025

Indian Hotels Company Limited (IHCL) reported a 26.56% increase in net profit, reaching Rs 329.32 crore in Q1 FY26, driven by a 14% growth in hotel segment revenue. Despite geopolitical headwinds and recent incidents impacting topline by 2.5-3%, IHCL continues expansion with 12 new signings and 6 hotel openings.

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