Real Estate News

About 25 acres of Aravali forest cleared of farmhouses, walls

ET Realty Infrastructure
8th Nov, 2025

Forest officials in Gurugram cleared approximately 25 acres of encroached land in the Raisina Hills of Sohna on Friday. This demolition drive targeted illegal farmhouses and structures built on protected Aravali land, aiming to restore ecological integrity. Further actions are planned following public notices.

Qatar National Bank renews office lease at ₹775 per sq ft per month at Mumbai's BKC

ET Realty Commercial
8th Nov, 2025

Qatar National Bank (QNB) has renewed its lease for office space at Mumbai's Bandra Kurla Complex (BKC), at a monthly rent of Rs 775 per sq ft, making it one of the highest commercial lease rentals recorded anywhere in the country. The 5-year agreement includes an escalation clause to increase rentals by 4.5% every year.

Zomato leases 2.7 lakh sq ft office space in Gurugram

ET Realty Commercial
8th Nov, 2025

Zomato has leased 270,000 sq ft at Tata Realty's Intellion Park in Gurugram and is in talks for an additional 1 million sq ft, signaling significant office space expansion. This move highlights robust demand for commercial real estate in India's top cities, driven by GCCs, flexible workspaces, and tech firm growth.

Property tax camps in Gurugram zone III from Nov 8 to help clear dues

ET Realty Residential
7th Nov, 2025

Gurugram's Municipal Corporation (MCG) is organizing property tax camps across Zone 3 colonies from November 8 to November 30. These camps aim to help residents clear dues, correct property details, and obtain on-site self-certification. Citizens are advised to bring Aadhaar, PAN cards, and property ownership documents for verification.

Five societies in Thane claim Rajshila Construction LLP used their FSI for new towers

ET Realty Residential
7th Nov, 2025

Petition before high court says Rajshila Construction misused their property rights and Thane municipality wrongly approved the developer’s new project plans without verifying whether existing housing societies had given consent

Unauthorised layouts mushroom near Mulapeta port

ET Realty Infrastructure
7th Nov, 2025

The under-construction Mulapeta Port in Srikakulam has fueled a real estate boom, leading to numerous unauthorized land layouts. Realtors are allegedly converting agricultural land into plots without proper permissions, often failing to provide basic amenities. Many buyers are being lured by promises of high returns on plots in these unapproved ventures.

Mumbai: MMRDA invites bids to lease ₹1,629-crore Wadala plot

ET Realty Commercial
7th Nov, 2025

MMRDA has invited bids for a 10,860 sq m commercial plot in Wadala, with a reserve price of Rs 1,629 crore, aiming to monetize land outside the saturated Bandra-Kurla Complex. This move marks a significant step in developing Wadala as Mumbai's third central business district, boosting non-fare revenue for infrastructure projects.

Smartworks' loss narrows to ₹3 crore in Q2 FY26

ET Realty Commercial
7th Nov, 2025

Smartworks Coworking Spaces Ltd is turning the tide, reporting a diminished net loss of Rs 3.13 crore for Q2, despite facing higher expenses. The company experienced a remarkable 22 percent jump in total income.

Kolkata: 1,000 slum dwellers off Golf Club Road move to Banglar Bari

ET Realty Residential
6th Nov, 2025

Nearly 1,000 residents from Jhoro Bustee have relocated to the newly constructed 'Banglar Bari' housing. The project, costing Rs 13.4 crore, features 220 five-storey blocks with 220 flats. Most families have already moved in, expressing satisfaction with the amenities. This development marks a significant change for the area, replacing a slum with modern housing.

Delhi: Signature View residents to get rent from July 2023

ET Realty Residential
6th Nov, 2025

Delhi Development Authority (DDA) will pay facilitation fees to Signature View Apartments residents displaced due to structural damage. The monthly compensation, starting at Rs 50,000 for HIG and Rs 38,000 for MIG flats, will increase by 10% annually until 2026. This decision follows a Delhi High Court order and aims to alleviate the financial burden on affected families.

Twelve illegal houses demolished in Begambagh area of Ujjain

ET Realty Infrastructure
6th Nov, 2025

Ujjain Development Authority, with administrative and municipal support, demolished 12 illegal houses in Begambagh. These structures were built on plots leased for residential use but were utilized commercially, and their leases had expired. The peaceful demolition, unlike previous protests, involved over 200 personnel.

Tamil Nadu: Half the land bought for new Parandur airport

ET Realty Infrastructure
6th Nov, 2025

The Parandur airport project in Kancheepuram district has seen significant progress with the state government acquiring 1,100 acres and disbursing ₹680 crore in compensation. While most landowners have accepted the compensation, villagers in Ekanapuram continue to oppose the project, planning to file a PIL to protect water bodies.

Ghaziabad: GDA set to seek objections before acquiring land for Indirapuram extension

ET Realty Infrastructure
6th Nov, 2025

Ghaziabad Development Authority will now seek public objections for land acquisition for its Indirapuram Extension scheme following an Allahabad High Court order. The court directed GDA to pay up to twice the 2014 circle rate to 35 farmers for 153 acres of unacquired land, after a prolonged legal battle spanning over 18 years.

Trichy: Work on for Tidel Park at Panjapur

ET Realty Commercial
6th Nov, 2025

Tidel Park Limited and Trichy Corporation have formed a special purpose vehicle, Tidel Park Trichy Limited. This entity will develop office space for IT and ITES companies at Panjapur. The corporation has leased 14.1 acres of land to the SPV. Pile foundation work has commenced, with 10% completion. The facility is anticipated to open in 2027.

Chennai development body to construct co-working spaces in George Town

ET Realty Commercial
6th Nov, 2025

Chennai Metropolitan Development Authority (CMDA) is constructing a three-storey Chief Minister's co-working space on Wall Tax Road, George Town, to support the growing office workforce from lower-income neighborhoods. The facility will offer 150 work desks, internet-connected computers, and competitive exam reading material, aiming for operational status by December.

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.

Over 160 illegal PGs found in Bengaluru east, civic body mandates compliance by Nov 5

ET Realty Residential
5th Nov, 2025

Bengaluru East city corporation has launched a crackdown on 165 unlicensed paying guest accommodations, issuing a seven-day ultimatum for owners to obtain trade licenses and comply with safety norms. Violations include operating in residential zones, lacking fire safety, poor hygiene, and no CCTV. A new certification system is proposed to ensure regulated and safe PG accommodations for residents.

Citizens’ groups demand scrapping of Pune civic body's amnesty scheme for tax defaulters

ET Realty Residential
5th Nov, 2025

Citizens' groups in Pune are calling for the cancellation of the Pune Municipal Corporation's property tax amnesty scheme. They argue that past schemes have failed to collect dues and have led to significant revenue losses. Many who benefited from discounts later defaulted again. The civic body plans to study the scheme's effectiveness before any decision is made.

Amitabh Bachchan sells two luxury apartments in Mumbai for ₹12 crore

ET Realty Residential
5th Nov, 2025

Amitabh Bachchan has sold two adjacent luxury apartments in Mumbai's Goregaon for a combined Rs 12 crore. The 3,640 sq ft property, located on the 47th floor, was sold in two separate deals. Each apartment included two car parking spaces.

Registrars, sub-registrars have no authority to issue NOC to housing societies for redevelopment

ET Realty Residential
5th Nov, 2025

In a pivotal directive, Maharashtra's Cooperation Commissioner Deepak Taware has underscored that registrars and sub-registrars do not possess the power to issue No Objection Certificates for the redevelopment of housing societies. Instead, the ultimate authority resides with the cooperative housing society's general body, marking a significant step towards clarity in the state's redevelopment processes.

Complete pending stations on Pune metro line III, meet March 2026 deadline: CM to PMRDA

ET Realty Infrastructure
5th Nov, 2025

Chief Minister Devendra Fadnavis has directed PMRDA to expedite work on the pending 13 stations of the Hinjewadi–Shivajinagar Metro Line 3, aiming for a March 2026 completion. While 90% of the work is done, IT industry representatives are pushing for a phased opening to provide immediate commuter relief.

Ghaziabad development body to draft a master plan for 61 villages near expressways

ET Realty Infrastructure
5th Nov, 2025

Ghaziabad Development Authority (GDA) will create a separate master plan for 61 villages along the Delhi Meerut Expressway and Eastern Peripheral Expressway to regulate growth. These villages, previously governed by gram panchayats, are experiencing exponential and unregulated development due to the expressways.

Nagpur satellite towns face urban challenges

ET Realty Infrastructure
5th Nov, 2025

Municipal council towns surrounding Nagpur are facing urban challenges like congested roads and strained infrastructure, mirroring issues within the Nagpur Municipal Corporation. Residents demand planned development and modern civic facilities as rapid urbanization blurs the lines between council and corporation responsibilities, despite smaller budgets.

Indore: Parts of 140 houses demolished in Malviya Nagar to pave way for master plan roads

ET Realty Infrastructure
5th Nov, 2025

Indore Municipal Corporation demolished sections of 140 homes in Malviya Nagar. This action clears the path for a new 60-foot wide road. The road will connect MR-9 to LIG square, serving as a vital link. Residents received prior notice and some voluntarily removed parts of their houses. This development is part of the city's Master Plan to manage future traffic.

Brookfield India REIT plans to acquire 7.7 million sq ft business park for over ₹13,000 crore

ET Realty Commercial
5th Nov, 2025

Brookfield India Real Estate Trust is on the verge of enhancing its business landscape with a notable asset acquisition in Bengaluru. By committing Rs 13,125 crore for 7.7 million square feet, BIRET is making its mark in a major office hub, amplifying its REIT size by more than a third.

Lucknow development body extends deadline for Atal Nagar housing scheme

ET Realty Residential
4th Nov, 2025

The Lucknow Development Authority has extended the registration deadline for its Atal Nagar Housing Scheme to November 21, offering 2,496 1-BHK and 2-BHK flats for low and middle-income groups. Meanwhile, the Sardar Vallabhbhai Patel Housing Scheme in Dalibagh, featuring 72 flats on land recovered from illegal possession, saw an overwhelming response and concluded its registration on November 3.

Indore: Portions of 11 houses demolished in Guru Govind Colony

ET Realty Infrastructure
4th Nov, 2025

Indore Municipal Corporation demolished front portions of 11 residential structures and its own waste transfer station boundary wall to facilitate road widening under the Master Plan. The action, aimed at easing traffic congestion and preparing for Simhastha 2028, followed prior notices to residents. The IMC is also filing a caveat in the high court regarding 23 roads slated for widening.

Qualcomm India leases 2.56 lakh sq ft office space in Bengaluru

ET Realty Commercial
4th Nov, 2025

Qualcomm India has leased a significant office space in Bengaluru. This expansion adds to the technology giant's growing presence in India. The new lease at Constellation Business Park is for five years. This move highlights the strong demand for large office spaces by tech firms in India. Qualcomm continues to invest in key tech hubs across the country.

Khata clarity sought for properties in dispute in Bengaluru

ET Realty Residential
3rd Nov, 2025

The original landowner is said to have repeatedly appealed to the BBMP not to issue any form of Khata, citing a temporary court injunction on the land. Citizens demand scrutiny of records, transparent process to verify authenticity before granting regularisation to properties, especially those under litigation.

Smartworks leases over 8.15 lakh sq ft workspace at Eastbridge, Mumbai

ET Realty Commercial
3rd Nov, 2025

Smartworks Coworking Spaces has secured a significant lease of over 8.15 lakh sq ft at Regalia Office Parks' Eastbridge development in Vikhroli West, Mumbai. This new center is slated to open in Q4 2026. This expansion follows a recent 5.57 lakh sq ft lease at Tata Realty's Intellion Park in Navi Mumbai.

Motorola leases over 200 seats with Smartworks in Kolkata

ET Realty Commercial
3rd Nov, 2025

Motorola Solutions has secured over 200 seats with a 60-month lease at Smartworks' Kolkata center. This expansion contributes to Smartworks' significant growth, having leased over one million sq. ft. across four cities in the last quarter. The managed office operator now boasts a portfolio of 10.08 million sq. ft. of leased space.

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.

Brigade Hotel Ventures' net profit up 58% in Q2 FY26

ET Realty Hospitality
25th Oct, 2025

Brigade Hotel Ventures (BHVL) reported a significant 57.97% jump in net consolidated profit for Q2 FY26, reaching ₹10.60 crore. The company's total income also grew by 19.70% to ₹129.80 crore. BHVL plans to double its hotel portfolio by FY30 with a ₹3,600 crore investment, adding 9 new properties.

ITC Hotels' profit up 74% at ₹133 crore in Q2 FY26

ET Realty Hospitality
24th Oct, 2025

ITC Hotels announced a significant 74 percent increase in its second-quarter net profit. This growth was driven by higher revenues from operations. The company's revenue from operations increased to Rs 839.48 crore.

Nexus Select Trust to double mall portfolio by FY30; plans ₹5,000-6,000 crore capex via debt-equity mix

ET Realty Retail
23rd Oct, 2025

Nexus Select Trust REIT plans to significantly expand its retail portfolio to 18-20 million sq ft across 30-35 malls by FY30. The REIT will fund its ₹5,000-6,000 crore capital needs through debt and equity, leveraging strong portfolio metrics like 98% occupancy and consistent rental growth.

TTDC takes possession of its land housing private hotel in Trichy

ET Realty Hospitality
23rd Oct, 2025

Tamil Nadu Tourism Development Corporation (TTDC) has taken possession of a private star hotel in Trichy for non-payment of lease dues. The hotel, leased on TTDC land since 1994, owed ₹38 crore upon lease expiry. Despite legal challenges, the hotel failed to pay the directed ₹20 crore, leading to the takeover.

India’s retail sector records 2.4 million sq ft of leasing volume in Q3 2025: Report

ET Realty Retail
21st Oct, 2025

India's retail sector demonstrated robust growth in Q3 2025, with gross leasing volume reaching 2.41 million sq ft across top cities, a 7.6% quarter-on-quarter increase. Year-to-date volumes surged 25.2% year-on-year, indicating strong occupier demand and positioning the sector to surpass 2024's full-year GLV. Malls and high streets both saw increased absorption, with domestic retailers dominating leasing activity.

Institutional-grade malls now form 30–35% of India’s 650 operational malls: Report

ET Realty Retail
21st Oct, 2025

India's retail malls are becoming more professional. Many now meet high standards, attracting significant investment. Developers are building larger, experience-focused malls. This trend is expanding beyond major cities into smaller hubs. New GST reforms are expected to boost transparency and investor confidence, further fueling growth in the organized retail sector.

Indian retail REITs may touch ₹80,000 crore by 2030: Report

ET Realty Retail
21st Oct, 2025

Retail REITs are projected to become a significant ₹60,000–80,000 crore opportunity by 2030, potentially forming 30-40% of India's total REIT market. This growth is driven by maturing Grade A malls, rising urban incomes, and steady consumption, with tier-II cities emerging as key growth hotspots for new retail developments.

No OC but shop leased out to bank, Bombay HC slaps ₹50 lakh on owner

ET Realty Retail
20th Oct, 2025

Bombay HC fined a businessman Rs 50 lakh for leasing a shop in a redeveloped building lacking an occupation certificate (OC) to a bank. The court emphasized the businessman's obligation to ensure lawful occupation, even when subletting. The bank's officers were also directed to investigate lapses leading to the unlawful operation.

HC summons Uttarkashi DM over illegal construction in eco-sensitive zone

ET Realty Hospitality
18th Oct, 2025

The Uttarakhand High Court has taken a firm stance, summoning officials from Uttarkashi district in response to a petition that raises alarms over unauthorized hotel and resort projects in the Bhagirathi Eco-Sensitive Zone. These constructions purportedly breach regulations set by the National Green Tribunal, prompting the court to request a detailed compliance report.

DLF denies claims of water supply issues in its malls in Vasant Kunj

ET Realty Retail
14th Oct, 2025

DLF has denied reports of water supply issues at DLF Promenade and DLF Emporio malls in Vasant Kunj. The real estate company stated that both malls have adequate water supply and robust contingency measures. Teams are working with authorities to ensure uninterrupted services during the festive season. Delhi Jal Board officials confirmed the issue has been resolved.

Unplanned construction, climate fury wreck Darjeeling

ET Realty Hospitality
13th Oct, 2025

Unregulated construction and deforestation, exacerbated by climate change, have caused widespread devastation in Darjeeling's hills, particularly Mirik. Incessant rains triggered massive landslides, claiming over 30 lives and displacing numerous families. The Chief Minister is reviewing restoration efforts and providing aid to affected communities.

Banks to seek competing bid for ₹729-crore Sahara Star Hotel debt

ET Realty Hospitality
9th Oct, 2025

Banks led by Union Bank of India are seeking competing bids for the ₹729 crore debt of the Sahara Star Hotel, after JC Flowers ARC offered ₹279 crore. The lenders will initiate a Swiss Challenge auction with a minimum bid of ₹293 crore, aiming for an all-cash sale of the debt secured by the hotel.

Parsvnath Developers, Unity Group lease entire three lakh sq ft retail space at upcoming Delhi mall

ET Realty Retail
8th Oct, 2025

Parsvnath Developers and Unity Group have fully leased the 3 lakh sq ft retail space in their joint shopping mall, 'Unity One Elegante', at Netaji Subhash Place, Delhi. The Occupancy-Cum-Completion Certificate has been received, and the mall is set to open soon. This development marks a significant step for the joint venture.

Noida administration puts brakes on B&Bs operating from highrise flats

ET Realty Hospitality
8th Oct, 2025

Noida district administration has issued notices to over 100 homeowners at Supernova towers for operating unregistered short-term rentals. Acting on complaints of nuisance and security risks, authorities are enforcing the Sarai Act, 1867, requiring properties offering hotel-like accommodations to register. This crackdown aims to regulate these operations and address concerns raised by residents.

Ventive Hospitality plans to acquire 76% stake in Hilton Goa owner Soham Leisure

ET Realty Hospitality
27th Sep, 2025

Pune-based Ventive Hospitality plans to acquire a 76% stake in Soham Leisure Ventures, owner of the 104-key Hilton Goa Resort and a 4-acre land parcel, for Rs 320 crore. This move aims to double Ventive's room portfolio and enter the Goa leisure market, with an initial Rs 120 crore outlay for the resort and villa development.

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