Real Estate News

A year on, no GR on abolition of NA tax; housing societies in Maharashtra seek clarity

ET Realty Residential
23rd Dec, 2025

Maharashtra housing societies face continued uncertainty over the abolition of non-agricultural (NA) tax in urban areas, despite a state cabinet decision over a year ago. The Maharashtra State Housing Federation has urged the government to issue a formal Government Resolution (GR) to end confusion and ensure uniform implementation, as many societies remain unsure whether to continue paying the levy.

Ahmedabad: Auda clears transit oriented zone benefits for 4,604 hectares along 10 roads

ET Realty Infrastructure
23rd Dec, 2025

Ahmedabad Urban Development Authority has approved extending Transit Oriented Zone benefits to over 4,600 hectares of land. This includes higher floor space index and parking concessions along ten major city roads. These benefits will apply even where Bus Rapid Transit System corridors are not yet built. The decision aims to promote dense development along transport routes.

Haryana pushes for Rajiv Chowk as start point of Gurugram-Faridabad-Noida RRTS corridor

ET Realty Infrastructure
23rd Dec, 2025

Haryana government wants Rajiv Chowk to be the start of the Gurgaon-Faridabad-Noida RRTS line. This aims to boost daily ridership and integration. However, NCRTC has concerns about higher construction costs and engineering issues. The project connects IGI Airport to Noida Airport, passing through Gurgaon and Faridabad. Officials believe Rajiv Chowk offers better connectivity and commuter access.

Notice served to 4,500 homes in Gurugram's DLF 1-5 for illegal construction

ET Realty Infrastructure
23rd Dec, 2025

Haryana government has identified 4,565 properties in DLF phases 1-5 for illegal constructions and commercial misuse of residential properties. Following a high court directive, a public notice has been issued, allowing owners to submit objections until January 16, 2026. The process aims for transparency and due process before further action.

CRDA approves over ₹1,300 crore to develop layouts in Amaravati

ET Realty Infrastructure
23rd Dec, 2025

Amaravati's Capital Region Development Authority has approved significant funding for development projects. Over Rs 1,300 crore will be allocated for layout infrastructure. A Rs 444-crore flood pumping system is also planned.

Mumbai: Worli residents protest SRA move to terminate developer and warn of agitation

ET Realty Residential
22nd Dec, 2025

Worli residents are protesting the Slum Rehabilitation Authority's (SRA) move to terminate a developer, potentially jeopardizing 2,500 families. Residents threaten to boycott BMC elections if the decision stands. SRA officials cite project delays and lack of progress, while residents and their lawyer claim the developer is capable and supported, accusing the SRA of creating obstacles.

Shapoorji Pallonji Real Estate enters plotted development

ET Realty Residential
22nd Dec, 2025

Shapoorji Pallonji Real Estate has entered plotted development. They launched Treetopia, a 105-acre project in Pune. The project has a revenue potential of ₹600 crore. It will offer 483 residential plots.

Lucknow development body waives backdate maintenance fee on vacant flats in old schemes

ET Realty Residential
22nd Dec, 2025

Homebuyers in Lucknow have received a significant reprieve as the Lucknow Development Authority (LDA) has waived three years of backdated maintenance charges for new purchasers of vacant flats in older housing schemes. This decision, approved by the LDA Board, aims to boost sales by removing a substantial financial burden, making the purchase of unsold inventory more attractive for prospective buyers.

MIDC likely to allocate ₹6,000 crore for Purandar airport land acquisition

ET Realty Infrastructure
22nd Dec, 2025

Maharashtra Industrial Development Corporation plans to allocate Rs 6,000 crore for acquiring land for the Purandar airport. The Pune district administration has submitted a proposal for clearance. Farmers are demanding higher compensation and better rehabilitation benefits than what has been offered.

Haryana set to allot residential plots to 7,000 landless families

ET Realty Residential
21st Dec, 2025

Haryana CM Nayab Singh Saini announced significant welfare reforms, including allotting 100-sq-yard plots to 7,000 landless families and linking them with the Pradhan Mantri Awas Yojana. He also promised new government recruitment notifications and highlighted initiatives like free dialysis and subsidized LPG cylinders for women.

Mumbai: Redevelopment creeping in, yet Dadar Parsi Colony has retained its charm

ET Realty Residential
21st Dec, 2025

Dadar Parsi Colony, once a vision of open spaces, is now experiencing redevelopment with high-rise towers replacing older buildings. Despite this, the enclave retains its charm due to Parsi covenant properties, restricting ownership and sales. Efforts are underway to archive its history and seek UNESCO accreditation, balancing modernization with heritage preservation.

Rainwater harvesting norms for homes eased in Punjab, composting must

ET Realty Infrastructure
21st Dec, 2025

Punjab's new building rules significantly ease rainwater harvesting requirements for residential properties, raising the threshold to 250 sqm. However, commercial and industrial sectors maintain a 100 sqm limit to address water depletion. Additionally, on-site composting of organic waste is now mandatory for all plots of 500 sqm and above, promoting a 'Zero Waste' vision.

Delhi civic body slaps fines worth ₹33.95 lakh on construction sites for GRAP-IV violations

ET Realty Infrastructure
21st Dec, 2025

The Municipal Corporation of Delhi is taking a strong stance against air pollution by imposing fines totaling more than Rs 33 lakh on construction sites that have flouted air quality regulations. During the implementation of GRAP-IV, all construction and demolition activities are halted.

Delhi minister warns of strict action against construction ban violations

ET Realty Infrastructure
21st Dec, 2025

Delhi's air quality crisis has prompted Environment Minister Manjinder Singh Sirsa to take decisive action against industries that pollute and violators of construction regulations. As GRAP 4 restrictions kick in, private vehicles failing to meet the BS-VI benchmark are barred from city entry, and the 'No PUC, No Fuel' mandate is rigorously enforced.

Fee fixed for transfer of common areas to apartment association during flat sale deed registration in Odisha

ET Realty Residential
20th Dec, 2025

Odisha has fixed a Rs 20,000 fee for transferring common areas in apartment projects to allottee associations, amending the Registration Act of 1908. This move aims to resolve ambiguities and facilitate smooth sale deed registrations, which had been stalled since May 2022. The notification clarifies ownership of common areas for associations, though resale implications remain unclear.

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.

Crackdown on seven illegal buildings in Ludhiana

ET Realty Infrastructure
20th Dec, 2025

Ludhiana Municipal Corporation's building branch demolished and sealed seven illegal structures across the city on Friday, acting on orders from MC Commissioner Aaditya Dachalwal. The crackdown targets properties built without sanctioned plans or in violation of zoning regulations, with further action planned to deter unapproved construction.

Fear associated with S+4 rule relaxation: Ludhiana core city’s density ‘might topple livability’

ET Realty Infrastructure
20th Dec, 2025

Punjab's new building rules permit increased density and commercial flexibility, allowing stilt parking and habitable basements. However, urban planners and activists warn these changes will strain aging infrastructure and worsen congestion, particularly in historic areas. Opponents plan to challenge the rules in court, citing environmental concerns and insufficient infrastructure.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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