Real Estate News

Pune civic body to frame guidelines for PGs as residents flag issues

ET Realty Residential
7th Dec, 2025

Pune Municipal Corporation will survey abhyasikas and paying guest accommodations in old city areas to address overcrowding, safety, and hygiene concerns. Guidelines will be issued for minimum space per student, sanitation, and safety, with potential commercial tax enforcement for PGs. The move aims to ensure basic student needs are met, though some express skepticism about enforcement.

About 52% of housing societies in Pune lack legal land ownership

ET Realty Residential
7th Dec, 2025

Over half of Pune's housing societies lack legal land ownership, hindering redevelopment and property rights. Despite a legal mandate for developers to transfer land titles, bureaucratic hurdles and incomplete documentation cause significant delays. Authorities are now pushing to expedite the process through nodal officers and area-wise camps.

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.

Lucknow development body clears seven housing projects, 1,100 EWS homes

ET Realty Residential
6th Dec, 2025

Lucknow Development Authority approved land acquisition for seven residential projects near Gomtinagar Extension, totaling 385 acres. The board also decided to keep LDA-built flat prices unchanged for a year and introduced graded discounts for gallantry awardees. Over 1,100 EWS houses were approved in Shardanagar, and shopkeepers from Sahara Market will be relocated.

Sanjali Bajaj buys sea-view apartment in Mumbai’s Worli for ₹66 crore

ET Realty Residential
6th Dec, 2025

Sanjali Bajaj, daughter of Bajaj Group’s Sanjiv Bajaj, has bought a ₹66.41-crore sea-view luxury apartment in Mumbai’s Worli. The 5,510 sq ft home includes a 430 sq ft balcony and additional podium-level spaces for parking. She paid ₹3.32 crore in stamp duty for the November 14 deal.

Greater Bengaluru authority to hire urban designers & planners for city development

ET Realty Infrastructure
6th Dec, 2025

Bengaluru's Greater Bengaluru Authority (GBA) is establishing specialised Urban Design Cells, formally appointing urban designers and planners for the first time. This move aims to address long-standing civic issues by embedding design expertise into infrastructure development, focusing on streetscapes, public spaces, and mobility networks. The GBA is also preparing to white-top 488km of roads between 2025 and 2028.

Ghaziabad: Harnandipuram launch in five months, 336 hectares to be developed in phase-I

ET Realty Infrastructure
6th Dec, 2025

Ghaziabad Development Authority has begun a satellite survey for its Harnandipuram township, with the first phase slated to commence in five months. This initial phase will cover 336 hectares, primarily acquired from three villages. GDA is utilizing its website to facilitate land acquisition and address farmer concerns.

About 10 hotels, resorts near Alwar’s Siliserh Lake sealed

ET Realty Hospitality
6th Dec, 2025

Alwar Urban Improvement Trust (UIT) sealed 10 hotels and resorts operating without permission and land conversion in the Siliserh Lake area. Bulldozers demolished encroachments as the anti-encroachment squad, accompanied by police, took action against illegal constructions after issuing notices. Criminal cases will be filed if seals are removed.

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.

OSHB, BDA allot 1,600-plus plots in Bhubaneswar

ET Realty Residential
5th Dec, 2025

Over the past three decades, the Odisha State Housing Board and Bhubaneswar Development Authority have collectively allocated more than 1,600 plots and houses in Bhubaneswar. These allotments were made under various housing schemes, including Satyasai Enclave, Dharma Vihar, Pokhariput, Ananta Housing Scheme, and Lingaraj Vihar. Both authorities are also undertaking new projects to further address housing needs in the city.

Ahmedabad: 11 tenements sealed for running illegal PG units in Thaltej area

ET Realty Residential
5th Dec, 2025

Ahmedabad Municipal Corporation (AMC) has sealed eleven paying guest (PG) tenements in Thaltej for operating without necessary permissions. This action follows a city-wide operation identifying 401 PG units, with 385 issued notices for lacking police and society NOCs. The AMC plans further sealing actions against unauthorized PG units in societies.

Rajasthan government stops society ‘patta’ registrations after years of ignoring red flags

ET Realty Residential
5th Dec, 2025

Rajasthan government has halted property registrations based on housing society 'pattas' to curb unregulated real estate and unauthorized colonies. This move aims to protect buyers misled by informal documentation, mandating a 90-A conversion for legal recognition. However, lawyers are protesting, claiming it unfairly impacts low-income citizens and empowers land mafias.

Minister promises OC relief for rural properties in Bengaluru

ET Realty Residential
4th Dec, 2025

Bengaluru residents in gram panchayat areas are set to receive relief from the Occupancy Certificate (OC) rule, mirroring exemptions granted within Greater Bengaluru limits. MLAs urged Energy Minister KJ George to extend the waiver, particularly for properties around GBA outskirts, with assurances that the process is underway.

Only 20% of housing projects in Noida have cleared their dues

ET Realty Residential
4th Dec, 2025

Noida Authority faces a staggering Rs 34,283 crore in unrecovered dues from 116 group housing projects. A significant Rs 26,000 crore is effectively unrecoverable due to insolvency or ongoing litigation, including major liabilities from Amrapali and Unitech projects under Supreme Court supervision.

Illegal water connections found in Rajasthan housing board colony

ET Realty Infrastructure
4th Dec, 2025

Public Health Engineering Department officials found seventy illegal water connections in Ratnagiri Apartment. This discovery is expected to lead to a broader inquiry into unauthorized water usage across Rajasthan Housing Board colonies. Many residents in Indira Gandhi Nagar and Pratap Nagar reportedly have illegal connections. PHED plans a crackdown on these unauthorized links.

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.

Sonu Nigam lease out commercial unit for ₹19 lakh per month in Mumbai

ET Realty Commercial
4th Dec, 2025

Singer Sonu Nigam has leased a commercial space in Mumbai's Trade Centre BKC. The monthly rent is ₹19 lakh for the first year. The lease agreement spans five years. The total rental cost over five years is ₹12.62 crore. This deal was registered in December 2025.

JPMorgan Chase leases 1.76 lakh sq ft office space in Hyderabad

ET Realty Commercial
4th Dec, 2025

JPMorgan Chase has sub-leased a significant 176,000 sq ft facility in Hyderabad, marking one of the largest financial services deals in the city this year. This expansion underscores the company's growing investment in India's global capability center ecosystem and its commitment to supporting global operations through its Indian hubs.

Cheaper fitout costs keep office leasing on growth path

ET Realty Commercial
4th Dec, 2025

India's office leasing is breaking records. This is due to lower costs for office rentals and fitouts. Global companies are choosing India to expand. They are creating modern workplaces focused on employee well-being and technology. This trend is expected to continue, boosting the office fitout market. India's affordability and evolving workplace designs are key factors.

Ghaziabad: NBCC to oversee revamp of ‘unsafe’ Tulsi Niketan flats

ET Realty Residential
3rd Dec, 2025

NBCC will lead the redevelopment of Ghaziabad's unsafe Tulsi Niketan colony, signing an MoU with GDA. The project, to be completed in two phases within three years, aims to rebuild dilapidated flats. Despite previous failed attempts due to resident reluctance, NBCC is now set to manage the construction.

All unsafe buildings in Cuttack to be demolished: Odisha housing minister

ET Realty Infrastructure
3rd Dec, 2025

Cuttack's unsafe buildings will be demolished to ensure public safety, announced Housing Minister Krushna Chandra Mahapatra. A special committee is surveying all 59 wards to identify vulnerable residential and commercial structures. Owners will receive notices before demolition, a move prompted by a recent balcony collapse that claimed three lives.

Six buildings sealed in Ludhiana’s push against illegal structures

ET Realty Infrastructure
3rd Dec, 2025

Ludhiana Municipal Corporation has sealed six buildings for non-compliance with demands for pending dues and rectification of illegal structures. This stern crackdown follows directives from MC Commissioner Aaditya Dachalwal to expedite civic fee recovery and enforce strict measures against unauthorized constructions. Residents are urged to obtain official approval before commencing any construction work.

Andhra Pradesh government launches phase-II of Amaravati land pooling scheme

ET Realty Infrastructure
3rd Dec, 2025

The Andhra Pradesh government has launched the second phase of its Land Pooling Scheme in Amaravati. The CRDA will now acquire over 6,600 acres across seven villages. This move aims to expand the capital city area. The government previously acquired around 33,000 acres in the first phase. This new acquisition will further bolster land holdings for Amaravati's development.

Embassy REIT to invest Rs 3,700 crore to develop 7.2 million sq ft office space: CEO

ET Realty Commercial
3rd Dec, 2025

Amit Shetty, CEO, Embassy Office Parks REIT outlines how the company is gearing up for its next growth cycle with a ₹3,700 crore development pipeline, while maintaining a 51 million sq ft portfolio with 93% value occupancy and strong leasing metrics.

IL&FS could get 25% rise in valuation for its headquarters in BKC

ET Realty Commercial
3rd Dec, 2025

IL&FS headquarters in BKC may see a 25% price increase. The NCLT allowed a valuation revision due to Mumbai's real estate growth. Brookfield's subsidiary Chronos must renew its performance guarantee within 30 days. This follows a dispute over the original bid terms from 2022. New valuations could reach ₹2,000-2,500 crore.

Kartik Aaryan's parents buy office unit in Mumbai for ₹10.8 crore

ET Realty Commercial
3rd Dec, 2025

Kartik Aaryan's family has secured an office space in Vile Parle, Mumbai. Priced at ₹10.83 crore and finalized in November, the property offers a carpet area of 1,228 sq ft along with two parking spots.

Thiruvananthapuram: QUAD project at Technopark gets environmental clearance

ET Realty Commercial
3rd Dec, 2025

Technopark's ambitious QUAD project in Thiruvananthapuram has received formal environmental clearance. This integrated IT and office campus, spanning 8.5 lakh sq ft, will feature a green IT building and aims to be a live-work-play environment for 6,000 IT professionals. Construction is expected to proceed swiftly as Technopark will own the building, with co-developer selection nearing completion.

Embassy REIT acquires office asset in Bengaluru for ₹8,520 million

ET Realty Commercial
3rd Dec, 2025

Embassy REIT has acquired a prime office property in Bengaluru. The deal is valued at over ₹850 crore. This grade-A asset is fully leased, ensuring steady income. This move is expected to boost the company's portfolio and cash flow visibility.

HRX Digitech LLP buy four commercial units worth ₹10.90 crore in Mumbai

ET Realty Commercial
3rd Dec, 2025

Rakesh and Hrithik Roshan's company HRX Digitech LLP has acquired four commercial properties in Andheri West, Mumbai. The total deal amounted to ₹10.90 crore. These transactions were registered in November 2025. The properties are located in Yura Business Park Phase 2.

Hyderabad: GHMC expansion plan likely to double wards of civic body to 300

ET Realty Infrastructure
2nd Dec, 2025

Hyderabad's municipal body is set for a significant expansion, potentially doubling its wards to nearly 300 and covering over 2,000 sq km with the proposed merger of 27 municipalities. This move would make GHMC India's largest municipal body by geographical spread and the largest elected one.

Telangana CM seeks Hudco loans for Hyderabad metro and Future City

ET Realty Infrastructure
2nd Dec, 2025

Telangana Chief Minister Revanth Reddy has requested Hudco Chairman Sanjay Kulshrestha to provide loans at reduced interest rates for key state development projects. These include the proposed Bharat Future City, Hyderabad Metro Rail expansion, and the Indiramma housing program. Kulshrestha has agreed to review high-interest loans taken by the previous government and expedite funds for additional housing units.

Sans master plan, Gaya fast becoming a concrete jungle

ET Realty Infrastructure
2nd Dec, 2025

Gaya's growth is in limbo, hindered by an aging master plan from the 1960s that has long outlived its usefulness. This unbridled expansion has resulted in significant gaps in vital services for the community. A revitalizing new plan is on the horizon, but the wait extends to another year, alongside a distinct strategy for Bodh Gaya.

Drone-based urban land survey launched in Panchkula

ET Realty Infrastructure
30th Nov, 2025

Panchkula municipal corporation is implementing the NAKSHA program to digitize urban land records using advanced mapping technologies. Specially appointed survey teams are conducting ground verification, collecting ownership data, and capturing imagery. Residents are urged to cooperate by providing property documents to ensure accurate and transparent digital land records.

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.

Varanasi: FIR against hotel for housing foreigners sans permission

ET Realty Hospitality
23rd Nov, 2025

Varanasi police have filed an FIR against the operator and manager of Hotel Dayal Tower for illegally accommodating foreign guests. The hotel failed to obtain mandatory permissions and registration, and did not report guest details to the FRRO as required by law. Investigations are ongoing into the alleged violation of the Foreigners Act.

Luxury hotels in Ahmedabad to pay wastewater tax

ET Realty Hospitality
22nd Nov, 2025

Ahmedabad Municipal Corporation will implement a new wastewater user charge on over 20 luxury hotels, starting in the 2026-27 financial year. This move, mandated by a World Bank loan, will see hotels generating over 10 KL of wastewater daily charged Rs 8 per KL. The revenue will support the AMC's ongoing sewage treatment and drainage system upgrades.

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.

About 14 illegal PGs in Mahadevapura, KR Pura in Bengaluru sealed

ET Realty Hospitality
19th Nov, 2025

Bengaluru East city corporation has sealed 14 paying guest accommodations for operating without trade licences and violating standard operating procedures. The crackdown aims to protect public health and ensure legal compliance. This action follows inspections that found commercial PGs operating in residential zones without necessary approvals.

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.

Indore: Cops get cracking against violators of tenant and guest verification norms

ET Realty Hospitality
14th Nov, 2025

Indore police are cracking down on those not following tenant and guest verification rules. Surprise checks were conducted on hotels and lodges. Fourteen people were booked for not providing required information. Authorities warn of legal action for violations. Citizens are urged to cooperate with police for city safety and to prevent crime.

Indian Hotels, ITC, EIH, others in race for Pune's Crowne Plaza

ET Realty Hospitality
12th Nov, 2025

Indian Hotels, ITC Hotels, and EIH are among many companies interested in buying Crowne Plaza in Pune. The hotel is being sold through a bankruptcy court process. Over 40 companies have submitted expressions of interest. This sale is happening alongside another hotel, JW Marriott in Bengaluru, also under insolvency

Crackdown on illegal PGs, hostels in Bengaluru from November 12

ET Realty Hospitality
12th Nov, 2025

Bengaluru East city corporation is launching a major crackdown on illegal paying guest accommodations and hostels. Health officers are now nodal officers, supervising teams to inspect trade licenses, fire safety, and hygiene. This action follows a report highlighting numerous PGs operating without proper permits, posing risks to public health and safety within residential areas.

Total Environment Resorts raises ₹175 crore through NCDs

ET Realty Hospitality
11th Nov, 2025

Total Environment Resorts has successfully issued ₹175 crore in listed, rated, non-convertible debentures, with Standard Chartered as the sole arranger and green co-ordinator. The proceeds will fund a residential real estate project in Bengaluru, adhering to green bond principles and SEBI regulations.

Nexus Select Trust's NOI up 14% to ₹425 crore in Q2 FY26

ET Realty Retail
5th Nov, 2025

Nexus Select Trust experienced a robust growth of 14% in net operating income, climbing to Rs 424.9 crore for the second quarter. The company announced a generous distribution of Rs 333 crore to its stakeholders.

The Phoenix Mills' profit rises 39% to ₹304 crore in Q2 FY26

ET Realty Retail
1st Nov, 2025

Phoenix Mills Ltd has reported a significant 39 percent jump in its consolidated net profit. The company's net profit reached Rs 303.99 crore in the second quarter of this fiscal year. This growth was driven by a substantial increase in its total income. The company's total income rose to Rs 1,146.21 crore during the July-September period.

Strict action against PGs and hostels without licences in Bengaluru

ET Realty Hospitality
31st Oct, 2025

According to the BECC, a large number of PG accommodations and hostels are functioning in violation of civic norms and safety regulations.

Gstaad Hotels likely to raise ₹1,300 crore from sale of JW Marriott Bengaluru

ET Realty Hospitality
29th Oct, 2025

Gstaad Hotels is poised to generate ₹1,300 crore by offloading the JW Marriott Bengaluru, a notable event in the Indian hotel market. With more than 40 entities, ranging from corporate giants to private equity investors, expressing interest, this sale is part of Gstaad's efforts to navigate through bankruptcy.

Ikea leases 37,000 sq ft store in a Pune mall

ET Realty Retail
25th Oct, 2025

Swedish furniture giant Ikea is set to enter Pune. The company has leased a significant space in Phoenix Marketcity mall. The lease agreement is for 59 months. It already has a presence in several Indian cities.

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