Real Estate News

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.

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.

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.

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.

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.

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.

Ideal Cures’ promoters buy two apartments in Mumbai’s Worli for ₹190 crore

ET Realty Residential
7th Jan, 2026

Promoters of Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two luxury apartments in Mumbai's Worli for over Rs 190.1 crore. The combined 12,114 sq ft deal, registered on December 24, includes 10 car parking spaces and reflects continued demand for large-format premium homes from business families.

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.

One accused, over 100 victims and ₹2 crore PMAY fraud in Ahmedabad

ET Realty Residential
6th Jan, 2026

A man, Neel Madhav Patel, is accused of duping over 100 women of more than Rs 2 crore. He allegedly promised them houses under the Pradhan Mantri Awas Yojana without any formal process. Victims paid large sums for direct allotments and upgrades. When questioned, Patel issued bounced cheques.

Karnataka government relaxes setback norms for small plots in Bengaluru

ET Realty Residential
6th Jan, 2026

Bengaluru's government has eased building regulations for small residential plots, amending the master plan to relax setback rules for properties up to 4,000 square meters. New norms offer reduced front and side setbacks, and eliminate rear setbacks for plots as small as 60sqm, unlocking buildable space while ensuring safety and rainwater percolation.

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.

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.

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.

Bengaluru development body asks Gunjur society to form an RWA within one week

ET Realty Residential
5th Jan, 2026

BDA notice directing formation of residents’ association within one week amidst lack of clarity on guidelines or registering authority leaves homeowners confused. Residents of BDA‑developed apartment complex say property still has pending work and various maintenance issues including lack of functioning lift, while urging authorities to look into matter

About 29 illegal colonies in Baghpat served notices; bulldozer action planned

ET Realty Infrastructure
5th Jan, 2026

Baghpat authorities have issued notices to 29 illegal colonies and a private school for unauthorized constructions. The school faces scrutiny for building without mandatory approvals, with demolition action threatened if violations aren't rectified. This drive aims to curb illegal constructions that hinder planned development and public safety.

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.

Nagpur Metro's phase III to be extended to New Nagpur and beyond Butibori MIDC

ET Realty Infrastructure
4th Jan, 2026

Nagpur Metro's Phase 3 expansion is set to extend significantly beyond its initial scope, with plans now including a route to New Nagpur and an additional 5km stretch past Butibori MIDC. This expansion aims to bolster connectivity to emerging residential and industrial hubs, broadening the city's mass transit network.

Goa: Town planning department opens green areas in Calangute, Anjuna for settlement

ET Realty Infrastructure
4th Jan, 2026

Goa's town and country planning department has approved land conversions in Calangute, Para, Anjuna, and Aldona. Over 35,000 square meters of orchards and natural cover will become settlement zones. Many areas are ecologically sensitive and in demand by developers. The department issued a gazette notification, allowing 30 days for objections before final recommendations are sent to the state government.

CRDA unit offices set up for Amaravati land pooling phase II

ET Realty Infrastructure
4th Jan, 2026

Amaravati's land pooling gears up for its second phase, with unit offices establishing in villages across Guntur and Palnadu districts. Meanwhile, construction of residential buildings for officials and public representatives is nearing completion, with many expected to be handed over by April. The seed access road land acquisition is also set to begin.

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.

Bagmane Prime Office REIT files draft papers for ₹4,000 crore IPO

ET Realty Commercial
31st Dec, 2025

Bagmane Prime Office REIT is set to embark on an Initial Public Offering aiming to raise as much as ₹4,000 crore. The proceeds will be directed towards acquiring prime office assets and investing in a stake of another burgeoning business park.

Flexible workspace stock to cross 100 million sq ft by 2027: Report

ET Realty Commercial
31st Dec, 2025

The flexible workspace landscape in India is set to flourish, with expectations that total office space will surpass 100 million sq ft by 2027. The growth trajectory is largely influenced by enterprise and GCC demands. Leading the charge are Bengaluru and Delhi-NCR, followed closely by Pune's robust market share.

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.

Delhi-NCR office occupancy to cross 80% by FY27: ICRA

ET Realty Commercial
31st Dec, 2025

The office landscape in Delhi NCR is experiencing a robust transformation, with occupancy rates anticipated to surge dramatically by March 2027. The IT and consulting industries are fueling a leasing boom, while pre-leasing activity hints at sustained vigor despite new developments.

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.

Office vacancy levels likely to hit historic lows by FY27 as demand outpaces supply: ICRA

ET Realty Commercial
30th Dec, 2025

India's office landscape is on the brink of a transformation. By FY2027, vacancy rates are anticipated to plunge to their lowest levels in several years. The demand for leasing is outpacing new developments, fueled by the rise of global capability centers, flexible workspace providers, and the booming BFSI industry.

India’s office leasing crosses 70 million sq ft in 2025: Colliers

ET Realty Commercial
30th Dec, 2025

India's office market saw record leasing in 2025, surpassing 70 million sq ft. Bengaluru led demand, with strong contributions from Delhi NCR and Hyderabad. New office supply increased, but demand outpaced it, leading to lower vacancy and higher rentals.

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.

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.

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.

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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