Real Estate News

Indore: Office space sales in IT Park 3 & 4 to start this year

ET Realty Commercial
11th Jan, 2026

Indore's IT Park-3 and IT Park-4 are slated for office space sales in 2026, with MPIDC investing significantly in technology infrastructure. These upcoming parks aim to attract IT and services companies by offering plug-and-play facilities and high-speed connectivity, fostering job creation and economic growth in the region.

Odisha to complete 48,000 unfinished PMAY-U houses

ET Realty Residential
10th Jan, 2026

Odisha will complete over 48,000 incomplete PMAY-U houses. The Union ministry clarified that states must bear any spillover costs after the Dec 31, 2025, scheme deadline. Odisha has already completed 1.36 lakh houses under the scheme, with a 73% success rate, driven by initiatives like the '100 Days Challenge'.

Chandigarh administration's 2023 notification set to ease norms for CHB residents

ET Realty Residential
10th Jan, 2026

Chandigarh residents living in CHB houses will soon get relief. The administration plans to reintroduce a notification allowing regularisation of need-based changes. This move will benefit over 3.5 lakh people. A fresh notification is expected by the end of January. Compoundable violations will be permitted. Residents must adhere to safety rules. A committee is reviewing the notification for approval.

Ghaziabad: Illegal colonies on 13 hectares of Yamuna floodplain razed

ET Realty Infrastructure
10th Jan, 2026

Ghaziabad administration conducted a major demolition drive in Loni tehsil, razing illegal colonies spread over 13.5 hectares on Yamuna floodplains. District Magistrate Ravindra Kumar Mandar directed task forces to curb land mafia, following violations of land-use norms and previous warnings to defaulters.

Lemon Tree rejigs group structure; Warburg Pincus to invest up to ₹960 crore in Fleur Hotels

ET Realty Hospitality
10th Jan, 2026

Lemon Tree Hotels is restructuring into two focused businesses. One will manage hotels, the other will own and develop them. Warburg Pincus is investing significantly in the ownership arm, Fleur Hotels. Fleur Hotels will be listed separately. The entire process is expected to conclude within 12 to 15 months.

Delhi: ITC Hotels gets land allotment on lease basis at Yashobhoomi in Dwarka

ET Realty Hospitality
10th Jan, 2026

ITC Hotels will develop a new five-star hotel at Yashobhoomi in Dwarka. The company has leased land for 91 years and will pay a premium of Rs 326.50 crore. This new property will offer hospitality and banqueting facilities.

Three buildings in Jaipur sealed for illegal construction

ET Realty Commercial
10th Jan, 2026

Jaipur Municipal Corporation sealed properties in Ramganj Bazaar and Johari Bazaar for illegal construction and unauthorized commercial activities. Despite prior notices, property owners and shopkeepers failed to comply, leading to strict enforcement action. The JMC reiterated its stance against such violations in the city.

Uttar Pradesh notifies subsidy SOPs to attract GCCs

ET Realty Commercial
10th Jan, 2026

Uttar Pradesh has notified detailed standard operating procedures offering front-end land subsidies to eligible Global Capability Centres (GCCs). Incentives range from 30% to 50% based on region, aiming to attract investment, create jobs, and reduce disparities. The policy promotes long-term infrastructure development and includes safeguards for timely project execution.

Lucknow development body conducts lottery for 1,665 1BHK flats under Atalnagar Yojana

ET Realty Residential
9th Jan, 2026

The Lucknow Development Authority held a lottery for 1BHK flats in Atalnagar Yojana. 1,665 flats were allotted through a transparent, live-streamed process. Applicants expressed relief and joy at securing a permanent home. The draw for 2BHK flats is scheduled for Friday. The scheme received over 5,700 applications for the 2,496 flats.

Bengaluru development body razes ‘illegal’ houses in Saraipalya

ET Realty Infrastructure
9th Jan, 2026

Bangalore Development Authority (BDA) demolished approximately 22 'illegal' properties, including godowns and residential sheds, on two acres of notified BDA land in Saraipalya, Thanisandra. Residents, however, claim over 60 structures were torn down, with some presenting property documents and questioning the sudden action.

CapitaLand sells Gurugram office asset to EAAA Alternatives for ₹2,050 crore

ET Realty Commercial
9th Jan, 2026

CapitaLand has sold a major Gurugram commercial property for ₹2,050 crore. This move is part of its strategy to free up capital and invest in new areas. The company previously sold other IT park assets. EAAA Alternatives, part of Edelweiss Group, made the acquisition. This deal highlights ongoing activity in India's real estate market.

Windsor Realty acquires four office units in Mumbai’s Santacruz tower for ₹283 crore

ET Realty Commercial
9th Jan, 2026

The acquisition involved the purchase of two commercial units from corporate entities including Prism Johnson Ltd and two from the developer's partner. The transactions effectively bring the entire asset under a single ownership, streamlining control and management of the property.

About 16,000 Chandrapur families to get permanent land titles: Maharashtra revenue minister

ET Realty Residential
8th Jan, 2026

Maharashtra Revenue Minister Chandrashekhar Bawankule announced that nearly 16,000 Chandrapur families will receive permanent land ownership rights for their slum settlements. This initiative, fulfilling a commitment made in the assembly, aims to accelerate inclusive urban development.

Rohit Sharma’s wife buys apartment in Mumbai for ₹26.30 crore

ET Realty Residential
8th Jan, 2026

Ritika Sajdeh, wife of cricketer Rohit Sharma, has acquired a luxurious apartment in Mumbai's Ahuja Towers. The property, located in Prabhadevi, spans 2,760.40 sq ft and includes three car parking spaces. The deal was valued at ₹26.30 crore.

Himachal Pradesh govt promoting planned development for affordable, eco-friendly housing: Minister

ET Realty Residential
8th Jan, 2026

In Himachal Pradesh, a thoughtful approach to development is underway, emphasizing both affordability and environmental sustainability in housing. The Real Estate Regulatory Authority (RERA) plays a crucial role in safeguarding the rights of homebuyers, effectively mediating disputes and fostering a climate of trust within the real estate market.

Buying homes in Ghaziabad could become costly as city sees hike in development fee

ET Realty Residential
8th Jan, 2026

Ghaziabad homebuyers face a significant blow as the UP government has drastically increased development fees by over 66%, the steepest hike in the state. This substantial rise, from Rs 2,500/sqm to Rs 4,170/sqm, will inevitably push up plot and flat prices, impacting affordability for many aspiring homeowners.

Chhattisgarh launches PMAY houses powered with solar power for tribal households

ET Realty Residential
8th Jan, 2026

Chhattisgarh has launched a pioneering initiative, installing rooftop solar plants on PM Janman Awas homes for Pahadi Korwa families. This unique model, the first of its kind in India, aims to provide vulnerable tribal households with both pucca houses and virtually zero electricity bills, ensuring assured solar power for the poorest.

Gurugram: Dubbed unsafe to live four years ago, four NBCC Green View towers to be razed

ET Realty Residential
8th Jan, 2026

Gurgaon administration has approved the demolition of four unsafe towers at NBCC Green View, clearing the path for reconstruction. The decision follows structural audits deeming the buildings unsafe for habitation, with demolition deemed the only viable option after considering allottee views. Strict safety and environmental norms will govern the phased demolition and rebuilding process.

Patna civic body imposes strict measures to curb construction dust pollution

ET Realty Infrastructure
8th Jan, 2026

In response to alarming air quality levels, Patna’s authorities have introduced stringent guidelines for managing construction debris. The Municipal Corporation is enforcing the use of designated disposal areas and green mesh at all construction sites, aiming to tackle the escalating dust pollution.

Navi Mumbai: 19 construction sites get stop-work notices for flouting anti-pollution norms

ET Realty Infrastructure
8th Jan, 2026

The Navi Mumbai Municipal Corporation has halted construction at 19 sites noted for their subpar air quality. In conjunction, 173 developers have been slapped with penalty notices for violating pollution control regulations.

NGT seeks report on four encroached ponds in Gurugram, cites SC order on restoration

ET Realty Infrastructure
8th Jan, 2026

The National Green Tribunal has given the Haryana government two months to respond to a petition alleging encroachment on four city ponds, including one with a three-storey office built over it. The tribunal emphasized Supreme Court rulings mandating the protection and restoration of ponds, with the next hearing scheduled for April 10.

Kochi Metro’s Infopark extension likely to miss June 2026 deadline

ET Realty Infrastructure
8th Jan, 2026

Kochi Metro's Pink Line faces a June 30 deadline for its first stretch. Construction progress is slow, impacting the target. A foreign loan approval delay adds to the challenge. Completion is crucial for thousands of IT professionals commuting to Infopark. Authorities are urged to expedite work for improved public transport.

Residential sales in top eight cities hold steady in 2025 at 3.48 lakh units: Report

ET Realty Residential
7th Jan, 2026

In 2025, the Indian housing market saw a modest decline in sales compared to the previous year. Yet, a turnaround was evident in the latter half, marking the strongest performance since 2013. Developers launched more new homes than they sold, reflecting a surge in confidence.

Illegal construction rampant in Raisina hill; boundary walls, roads razed & borewells sealed

ET Realty Infrastructure
7th Jan, 2026

Forest officials in Gurgaon demolished illegal structures and boundary walls spanning 25 acres in the protected Aravalis, following National Green Tribunal directives. A borewell was sealed, and roads accessing the forest were blocked. Despite repeated drives and court orders, construction persists, with environmentalists questioning the administration's commitment to enforcement.

Wipro leases over 1.45 lakh sq ft office space in Navi Mumbai’s Mindspace Airoli

ET Realty Commercial
7th Jan, 2026

Wipro has secured a large office space in Navi Mumbai's Mindspace Airoli East. The IT major will occupy 1.45 lakh sq ft on a long-term lease. This move highlights sustained demand for cost-efficient offices in peripheral business districts. The lease agreement includes a rent-free period for fit-outs. Rentals will escalate annually. This expansion reinforces Wipro's diversified office footprint.

India office leasing touches 86.4 million sq ft in 2025: Report

ET Realty Commercial
7th Jan, 2026

In 2025, India's office market achieved 86.4 million sq ft in gross leasing volumes, marking a 20% increase compared to 2024. Bengaluru emerged as the frontrunner, witnessing a surge in leasing activities, while Global Capability Centres significantly fueled the demand.

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.

Construction work banned in Bhubaneswar, Cuttack from 6 pm to 10 am to curb pollution

ET Realty Infrastructure
6th Jan, 2026

In a bid to combat soaring air pollution levels, Bhubaneswar and Cuttack have introduced a night-time construction ban. Effective from 6 PM to 10 AM, this regulation applies to both public and private construction projects. To comply, builders are required to securely cover materials and regularly dampen work sites.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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