Real Estate News

Cafes, restaurants on Noida abadi land bypassing fire NOCs, building bylaws, parking norms

ET Realty Retail
3rd Mar, 2026

Popular Noida nightlife hubs, built on abadi lands, are operating without fire safety clearances, posing a significant risk. Despite warnings from residents about narrow access and overloaded connections, authorities face limitations due to relaxed norms for establishments under 500 sq m, creating a dangerous regulatory gap.

Ghaziabad development body to take help of brokers, marketing cell to sell 1,700 flats

ET Realty Residential
3rd Mar, 2026

Ghaziabad Development Authority plans to sell over 1,700 unsold houses. Professional brokers will be hired to find buyers. A marketing cell will also be established. This strategy aims to generate over Rs 500 crore. The initiative will not apply to EWS flats. This follows a similar state government scheme.

Delhi mayor urges residents to clear dues under property tax amnesty scheme before March 31

ET Realty Residential
3rd Mar, 2026

Delhi Mayor Raja Iqbal Singh is encouraging property owners to use the SUNIYO 2025-26 property tax amnesty scheme. This scheme offers a waiver on past interest and penalties for dues before the financial year 2020-21. The deadline for this opportunity is March 31, 2026. Over 1.8 lakh taxpayers have already benefited.

Land to be acquired for 24-metre roads in private colonies, developers to pay cost in Gurugram

ET Realty Infrastructure
3rd Mar, 2026

Haryana government will acquire land for 24-metre roads in city colonies. Builders will bear the acquisition and development costs. This move aims to resolve long-standing issues of narrow access roads. The plan is set for implementation in 2026-27. Residents welcome the intervention, anticipating improved connectivity and structured development.

Prime Offices Fund acquires 51% stake in 1.1 million sq ft office asset in Pune

ET Realty Commercial
3rd Mar, 2026

PRIME Offices Fund has acquired a significant stake in a large office development in Pune. This move expands PRIME's office portfolio to nearly 3.8 million square feet. The fund manager, NCW, is a joint venture between Nuvama Asset Management and Cushman & Wakefield. This follows a recent major acquisition in Chennai.

Wayanad landslide survivors move into new homes as Kerala CM opens model township

ET Realty Residential
2nd Mar, 2026

178 families of Wayanad landslide survivors received new homes as Chief Minister Pinarayi Vijayan inaugurated the Wayanad Model Township. The project delivers housing plus amenities and marks a pivotal step in rehabilitation, aiming to rebuild lives with dignity. The government also provided financial assistance and land titles, with a commitment that all survivors will be rehabilitated before the next monsoon.

After HC setback, Ghaziabad residents seek political fix to property tax hike

ET Realty Residential
2nd Mar, 2026

Ghaziabad residents and former councillors are exploring political avenues and a potential Supreme Court challenge after the Allahabad High Court upheld the Municipal Corporation's property tax hike. The revision, which aligns tax slabs with district magistrate circle rates, has led to a significant increase in property taxes for many households, sparking widespread protests.

Sushmita Sen and her mother lease out Mumbai apartment for ₹1.95 lakh per month

ET Realty Residential
2nd Mar, 2026

Actress Sushmita Sen and her mother Subhra Sen have leased their Mumbai apartment. The rental agreement begins at ₹1.95 lakh monthly. This deal includes two car parking spaces. The lease spans 36 months with rent increments. The total rental value over three years is ₹73.76 lakh. This transaction was registered in February 2026.

Mumbai: BMC House seeks property tax relief for 700 sq ft homes

ET Realty Residential
2nd Mar, 2026

Mumbai's civic body has passed a motion to raise the property tax exemption for residential units from 500 to 700 sqft. This move aims to ease the financial burden on middle-class families, particularly those in redeveloped slum properties. While the proposal requires administrative approval, it reflects a key election promise to retain original Mumbaikars in the city.

Ambala Cantonment to become a metropolis, seven new sectors planned: Haryana minister

ET Realty Infrastructure
2nd Mar, 2026

Ambala Cantonment is set for a major expansion. Haryana minister Anil Vij announced plans for seven new sectors. This development will significantly increase the city's size. It will also upgrade residential and civic facilities. The project aims to transform Ambala Cantt into a metropolitan hub. Landowners can apply to sell land for this ambitious urban growth initiative.

YEIDA plans FinTech hub on 500 acres near Noida airport

ET Realty Infrastructure
2nd Mar, 2026

Yamuna Expressway Industrial Development Authority is proposing a 500-acre FinTech Hub in Sector 11, near Noida International Airport, inviting expressions of interest for development. This world-class financial ecosystem aims to attract core financial services, IT, and digital operations. The project, slated for development through various models, will position Noida as a significant FinTech destination.

Prayagraj: Fixed fee system for property mutation to ease financial burden on buyers

ET Realty Residential
1st Mar, 2026

Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, replacing the previous percentage-based charges. This move significantly reduces the financial burden on property owners, with a cap of Rs 10,000 for properties valued above Rs 50 lakh. The new structure aims to simplify civic services and make the mutation process more affordable for residents.

Kerala CM to provide keys of 178 houses on March 1

ET Realty Residential
1st Mar, 2026

Chief Minister Pinarayi Vijayan will inaugurate a model township for Mundakkai-Chooralmala landslide survivors in Wayanad on Sunday. The first phase provides homes to 178 families who lost everything. These 1000 sq ft single-storey houses are built with provisions for a second floor. Beneficiaries will receive title deeds, land ownership, and utility connections.

About 120 unsafe buildings found across 18 districts in Odisha: Government survey

ET Realty Infrastructure
1st Mar, 2026

Odisha's government has identified 120 unsafe buildings across 18 districts, including schools, hospitals, and government offices. Cuttack leads with 22 such structures. Local bodies are instructed to survey and propose demolition or reconstruction for these aging and fragile buildings, following a recent tragedy where a balcony collapse claimed lives.

Chandigarh set to amend its master plan 2031

ET Realty Infrastructure
1st Mar, 2026

Chandigarh is set to amend its Master Plan-2031 for the first time in over a decade, aiming to modernize urban planning and optimize land use. These reforms, driven by the central government's 'Deregulation 2.0' initiative, will allow for higher building heights, increased FAR, and greater flexibility in industrial zones, while preserving the city's heritage.

Master plan 2041 to get nod soon: Delhi CM

ET Realty Infrastructure
1st Mar, 2026

Delhi's Master Plan 2041 is nearing approval, according to Chief Minister Rekha Gupta, who presented her government's one-year report card. This plan aims to guide the capital's development for the next two decades, addressing a policy gap left by the lapsed Master Plan 2021.

Kukatpally housing board plots, flats sold at record prices

ET Realty Residential
28th Feb, 2026

Telangana Housing Board's auction in Kukatpally Housing Board saw land sold for a record 2.65 lakh per square yard. Open plots and flats were auctioned. The board earned 24.26 crore from the sale. This event highlights significant property value appreciation in the area.

Master plan of Bhopal & Indore on hold for metropolitan region

ET Realty Infrastructure
28th Feb, 2026

Master plans for Bhopal and Indore are on hold as the Madhya Pradesh government finalizes metropolitan region plans. The existing plans, completed 18 months ago, may be redrafted to align with the newly established metropolitan planning committees and development authorities. This decision follows a CAG report criticizing the lack of current master plans for managing population growth.

Hubballi-Dharwad civic body to act against buildings lacking mandatory parking space

ET Realty Infrastructure
28th Feb, 2026

The Hubballi-Dharwad Municipal Corporation will demolish unauthorized basement structures in commercial complexes and apartment buildings to restore designated parking spaces. This action follows concerns about widespread violations of building norms, leading to severe traffic congestion and bottlenecks across the twin cities. The corporation will scrutinize completion certificates issued over the past five years.

MCD recovers ₹11.69 crore in property tax from Delhi hotel

ET Realty Hospitality
28th Feb, 2026

A Delhi hotel owner settled Rs 11.69 crore in overdue property tax after the Municipal Corporation of Delhi initiated action. The firm utilized the Sumpattikar Niptaan Yojana (SUNIYO) amnesty scheme, which waives interest and penalties before 2020-21. This scheme requires payment of the principal for current and five preceding years. The deadline is now February 28.

State Bank of India picks up 1.35 lakh sq ft office space in Navi Mumbai

ET Realty Commercial
28th Feb, 2026

The agreed rental stands at Rs 125.05 per sq ft per month, translating into a monthly outgo of over Rs 1.68 crore. The rent is inclusive of fit-outs, indicating that the space will be delivered in a ready-to-use format, reducing upfront capital expenditure and speeding up operational readiness.

Andhra Pradesh CM promises housing for all poor by 2029

ET Realty Residential
27th Feb, 2026

Andhra Pradesh will provide housing for every poor family by 2029, with landless individuals receiving housing plots through expansive welfare housing programs. The government will drive agriculture forward through a five-pronged strategy, including enhanced financial support for farmers, backing for natural farming and food processing, and prioritized irrigation projects to boost productivity and rural livelihoods.

Action against illegal floor, office, colonies in Pataudi

ET Realty Infrastructure
27th Feb, 2026

As part of the drive, an illegal floor at Enkay Town Plaza in Palam Vihar was sealed following a complaint received through the CM Window grievance portal. Officials said the action targeted violations flagged through complaints and unauthorised plotting in peripheral urban areas.

Goa: 50% of land conversions under town planning act mainly in five villages

ET Realty Infrastructure
27th Feb, 2026

Over 51% of the total land converted under Section 39A is concentrated in just five villages, indicating a sharp geographic clustering of development pressure.

Executive Centre leases over two lakh sq ft in Hyderabad's HITEC City

ET Realty Commercial
27th Feb, 2026

The Executive Centre India has secured a substantial office footprint in Hyderabad's HITEC City, signaling robust demand for flexible workspaces in India's IT corridors. The lease covers a large area with a long-term commitment, and TEC plans further centers across major Indian cities, underscoring Hyderabad's growing appeal to multinational corporations seeking agile office solutions.

WeWork India to add 7,700 desks across Hyderabad, Pune and Bengaluru; to invest ₹110 crore

ET Realty Commercial
27th Feb, 2026

WeWork India is expanding its presence in Hyderabad, Pune, and Bengaluru. The company will add approximately 7,700 desks across these cities. New centers in Hyderabad and Pune are expected to open by July and August 2026 respectively. Bengaluru's expansion is targeted for completion by September 2026.

Lucknow: IT City plot allotment via lottery on February 28

ET Realty Commercial
26th Feb, 2026

The Lucknow Development Authority is launching its IT City housing scheme on Sultanpur Road on February 28. In the first phase, 870 developed plots will be allotted to 336 farmers through a lottery system as part of the land pooling policy. These plots, ranging from 35 to 288 sq m, will be free of cost for landowners.

GCCs, flex to drive office leasing to 85-90 million sq ft in FY27: India Ratings and ETRealty whitepaper

ET Realty Commercial
26th Feb, 2026

India's office market anticipates strong growth in FY27. Gross leasing is projected to increase by 12% to 14%. Global capability centers and flexible workspaces are driving demand. Supply additions remain disciplined. Rentals are expected to see moderate growth. This indicates a steady, quality-led expansion for the sector.

Mindspace REIT to invest ₹350 crore to develop hotel in Hyderabad

ET Realty Hospitality
25th Feb, 2026

Mindspace Business Parks REIT will develop a luxury hotel in Hyderabad. The project involves a 5.3 lakh sq ft building and a 330-key hotel. Chalet Hotels will manage the hotel operations. This development is expected to be completed by Q4 FY28.

REITs moving from niche to mainstream as capital deepens exposure to commercial real estate

ET Realty Commercial
25th Feb, 2026

At ET Realty Conclave 2026, the REIT ecosystem flags total-return expectations, a deep “REIT-ready” pipeline beyond offices, and the need for education, governance and valuation discipline as REIT participation broadens.

GCC-led demand, flex models may mark structural reset for India’s office market in 2026: Industry leaders

ET Realty Commercial
25th Feb, 2026

India's office market is undergoing a significant shift. Global Capability Centres are now innovation hubs, driving demand for quality spaces. Flexible workspaces are becoming a core strategy for businesses. Integrated business districts, offering a live-work-play environment, are also gaining importance. This evolution points towards an experience-driven phase for the Indian office sector.

Nexus Select Trust to pick 50% stake in Runwal Enterprises' upcoming mall in Mumbai for ₹434 crore

ET Realty Retail
23rd Feb, 2026

Nexus Select Trust will acquire a 50 percent stake in a new mall in Mumbai. This deal is valued at Rs 434 crore. The upcoming mall is located in Dombivli. It will be operated in partnership with Runwal Enterprises. This acquisition is part of Nexus Select Trust's growth strategy.

Google expands Bengaluru footprint, secures rights to 2.6 million sq ft at Alembic City

ET Realty Commercial
23rd Feb, 2026

Google is significantly expanding its presence in Bengaluru's Whitefield, securing rights to approximately 2.6 million square feet at Alembic City. This move highlights the tech giant's sustained commitment to the region, with the landlord obligated to reserve additional office blocks exclusively for Google.

GCCs may account for up to 50% of India’s office demand: Report

ET Realty Commercial
20th Feb, 2026

Global Capability Centres are set to fuel India's office space market. These centres will account for half of the demand in major cities. Annual leasing by GCCs is predicted to reach 35 to 40 million square feet. This growth signifies a significant shift in office space absorption.

Bhopal: Lakeview Residency to be razed & rebuilt as five-star hotel

ET Realty Hospitality
17th Feb, 2026

A consortium including Genex Hotels, Dilip Buildcon, and IHCL will redevelop the MPT Lake View Residency Hotel. The project aims to create a minimum 5-star property with a convention center. This development is expected to significantly boost Bhopal's tourism and its standing as a MICE destination.

The Leela Palaces takes over Centaur Hotels in Srinagar

ET Realty Hospitality
10th Feb, 2026

The Centaur Srinagar, one of the last two Centaur Hotels, has been taken over by The Leela Palaces, Hotels and Resorts for a 60-year lease. Leela is investing Rs 300 crore in a major renovation, aiming to reopen the property with 170 larger rooms and branded houseboats by the end of next year.

About 90 hotels in Lucknow don’t have fire safety NOC: Fire department

ET Realty Hospitality
8th Feb, 2026

Nearly 90 hotels in Lucknow are operating without mandatory fire safety no-objection certificates (NOCs). Following a recent hotel fire, the fire department is set to begin enforcement action, with compliance checks starting Monday. Hotels failing to meet safety norms face potential sealing, fines, or closure.

Nexus Select Trust raises ₹7 billion via 10-year sustainability-linked bond

ET Realty Retail
4th Feb, 2026

Nexus Select Trust has secured ₹7 billion from a 10-year sustainability-linked bond issuance. The International Finance Corporation is the anchor investor. This issuance will help refinance existing debt, leading to significant interest savings. The bonds are linked to ambitious sustainability targets, including net-zero emissions by 2030.

Nexus Select Trust declares ₹359 crore distribution to unitholders for Q3 FY26

ET Realty Retail
2nd Feb, 2026

Nexus Select Trust will distribute Rs 358.60 crore to its unitholders for the quarter ending December 2025. The real estate investment trust reported a consolidated net profit of Rs 139.40 crore for the October-December period. Total income also rose to Rs 691.93 crore.

Villagers protest against construction of resorts, luxury villas in Bittangala

ET Realty Hospitality
30th Jan, 2026

Villagers in Bittangala, Virajpet, are protesting a resort and luxury villa project, deeming it illegal and a threat to their landslide-prone community. Environmentalists and activists claim authorities granted permissions in violation of rules and a high court order. They warn of potential destruction and urge local MLAs to intervene.

The Phoenix Mills' profit rises 4% to ₹276 crore in Q3 FY26

ET Realty Retail
29th Jan, 2026

Phoenix Mills reported a 4 percent increase in its consolidated net profit for the third quarter of the current fiscal year, reaching Rs 275.79 crore. This marks an improvement from the Rs 264.76 crore profit recorded in the same period last year.

Found three illegal borewells at Lalit hotel, sealed one of them, NDMC tells NGT

ET Realty Hospitality
28th Jan, 2026

New Delhi Municipal Council informed the National Green Tribunal about sealing one of three illegal borewells at The Lalit hotel. The hotel has applied for permission for the remaining two, with environmental compensation to be assessed. The tribunal is hearing a plea regarding illegal groundwater extraction by hotels.

Lucknow civic body to bring proposal to hike licence fee for hotels, commercial units

ET Realty Hospitality
26th Jan, 2026

The Lucknow Municipal Corporation is set to propose a significant hike in licence fees for hotels, restaurants, nursing homes, and commercial units, with increases potentially reaching five times the current rates. This revision, aimed at enhancing revenue and ensuring compliance, will be presented for approval on January 27 and is slated for enforcement from April 1, 2026.

Pride Hotels gets Sebi nod to raise ₹1,000 crore via IPO

ET Realty Hospitality
24th Jan, 2026

Pride Hotels has received the green light from Sebi for its upcoming Initial Public Offering, aiming to raise Rs 1,000 crore. This influx of funds will be used to revamp existing hotels, settling debts, and catering to corporate endeavors.

NGT orders probe into ‘illegal resorts, hotels’ in Pilibhit Tiger Reserve

ET Realty Hospitality
22nd Jan, 2026

The National Green Tribunal has formed a committee to investigate alleged illegal construction of resorts and hotels near the Pilibhit Tiger Reserve. This action follows concerns about environmental damage and increased human-wildlife conflict. The committee will inspect sites and report findings to the NGT. The NGT's next hearing is scheduled for April 9.

Unity Mall project not in wetland zone, has all clearances: Goa goverment

ET Realty Retail
14th Jan, 2026

In an encouraging update for the Unity Mall project in Chimbel, Goa’s government has confirmed that it is moving forward with all necessary approvals. Tourism Minister Rohan Khaunte reassured legislators that the project site is clear of any designated wetland conservation zones.

Omaxe to invest ₹500 crore to develop mixed-use Omaxe Chowk project in Ludhiana

ET Realty Retail
13th Jan, 2026

Omaxe is investing ₹500 crore in Omaxe Chowk, a new mixed-use project in Ludhiana. This development will offer convenient walk-to-shop options. The project is set to be delivered by June 2030.

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.

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’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.

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