REAL ESTATE NEWS

Gurugram: DTCP issues show-cause notice to Mayfield Garden RWA over alleged encroachment

  • ET Realty Residential
  • 17th Jan, 2026

Gurugram's DTCP has issued a show-cause notice to Mayfield Garden's RWA and a private entity for encroaching on 1.25 acres designated for a public dispensary in Sector 51. Unauthorized structures, including shops and hutments, were found on land reserved in the approved layout plan, violating urban development regulations.

Chandigarh: 4,500 properties mapped in sectors 2-17 under pilot survey

  • ET Realty Infrastructure
  • 17th Jan, 2026

Chandigarh's NAKSHA pilot project is progressing well, with over 4,500 properties in Sectors 2-17 surveyed. Despite tough weather, 20 teams are working towards a January 31, 2026 completion. Deputy Commissioner Nishant Kumar Yadav praised the efforts, emphasizing accurate property records. Residents are urged to cooperate with survey teams for a smooth process.

Bhubaneswar: BDA progresses in town planning scheme no. 8 covering Andharua, Daspur

  • ET Realty Infrastructure
  • 17th Jan, 2026

The Bhubaneswar Development Authority (BDA) has initiated Town Planning Scheme (TPS) no. 8, covering 560.81 acres to facilitate systematic urban development and an inner ring road without compulsory land acquisition. This move aims to integrate infrastructure and ensure equitable land distribution, with similar schemes planned for other cities.

Homestay benefits in Uttarakhand reserved for locals after misuse of scheme flagged

  • ET Realty Hospitality
  • 17th Jan, 2026

Uttarakhand's cabinet has decided to restrict homestay scheme benefits exclusively to state residents to promote local investment and revenue. This move aims to prevent non-residents from availing subsidies and ensure the scheme's original purpose of strengthening hill economies is met. The state will now focus on ensuring benefits reach deserving locals, fostering authentic cultural experiences for visitors.

Karan Johar buys apartment in Mumbai for ₹8.05 crore

  • ET Realty Residential
  • 16th Jan, 2026

Karan Johar has purchased an apartment in the Pali Vintage area of Khar West, Mumbai. This residence, spanning over 1,060.13 sq ft, comes with a price tag of ₹8.05 crore, complete with two dedicated parking spots.

DDA's Karmayogi Awaas Yojana sells 60 per cent flats in first 24 hours

  • ET Realty Residential
  • 16th Jan, 2026

The DDA Karmayogi Awaas Yojana 2025 has seen a strong start. Sixty percent of the 684 flats offered were booked within the first 24 hours. This initiative is expected to generate Rs 450 crore. The scheme is open for government employees until March 31, 2026.

Virat Kohli, Anushka Sharma buy 21,000 sq metre land parcels for ₹38 crore at Alibag

  • ET Realty Residential
  • 16th Jan, 2026

Cricketer Virat Kohli and actor Anushka Sharma have purchased land in Alibag. The property spans 1.36 hectares and was bought for Rs 37.86 crore. The deal was registered on January 13, 2026.

Andhra Pradesh may follow Mumbai model for development of Vizag 2.0 project

  • ET Realty Infrastructure
  • 16th Jan, 2026

Andhra Pradesh officials studied Mumbai's development models to advance the Vizag Growth Hub initiative. They focused on CIDCO and MMRDA's self-sustaining financial strategies, particularly land monetization and FSI utilization, to guide the development of Bay City and Vizag 2.0 projects. These learnings aim to create a financially independent Visakhapatnam Economic Region.

Nagpur: Building material clogging Deo Nagar’s internal roads

  • ET Realty Infrastructure
  • 16th Jan, 2026

Unregulated dumping of construction material is creating daily traffic bottlenecks and safety hazards in Deo Nagar's inner lanes. Heaps of sand, gravel, and debris are blocking roads, forcing vehicles to navigate cautiously and leading to frequent snarls. Residents are calling for proactive enforcement to address the worsening situation.

Ludhiana civic body seals six commercial buildings

  • ET Realty Commercial
  • 16th Jan, 2026

Municipal Corporation Ludhiana sealed six commercial buildings for illegal construction and unpaid dues. The action followed directions from MC Commissioner Aaditya Dachalwal. Meanwhile, Atam Nagar MLA Kulwant Sidhu intervened to stop the MC tehbazaari team from removing roadside vends on Model Town Road. Civic officials stated they would return to clear encroachments.

Smartworks Coworking posts profit of ₹1.24 crore in Q3 FY26

  • ET Realty Commercial
  • 16th Jan, 2026

Smartworks Coworking Spaces Ltd achieved a net profit of Rs 1.24 crore in the third quarter of this fiscal year. This marks a strong turnaround from a net loss in the same period last year. Total income saw a rise of 34 percent.

Kolkata: 10 New Town residential plots up for e-auction

  • ET Realty Residential
  • 15th Jan, 2026

The West Bengal government is boosting residential development in New Town by e-auctioning 10 large plots, totaling approximately 4.7 acres, on a freehold basis. These plots, ranging from 1,500 to 2,000 sq m, are located in Action Area II and will be auctioned next month. This initiative aims to further expand housing options within the planned township.

Government to take call on housing board project at Cuncolim: Goa CM

  • ET Realty Residential
  • 15th Jan, 2026

The Goa government has not yet decided on a housing board project at Panzorconi in Cuncolim. Local opposition leader Yuri Alemao raised concerns about the project's impact on the village's social fabric, sports grounds, heritage, and environment. Chief Minister Pramod Sawant assured that all stakeholders will be consulted before any decision is made.

Mangaluru civic body conducts drives to clear illegal buildings in city

  • ET Realty Infrastructure
  • 15th Jan, 2026

Mangaluru City Corporation is actively demolishing illegal buildings. An unauthorized house in Alape village was torn down for violating building plans and using ground-floor parking space. Officials confirmed demolition drives will continue to clear unauthorized constructions. The corporation will take action against future violations that affect the city's well-being. Legal challenges may cause delays in future drives.

Rainwater harvesting mandatory for large buildings in Goa: Water resources minister

  • ET Realty Infrastructure
  • 15th Jan, 2026

Goa has introduced a new regulation mandating rooftop rainwater harvesting systems for substantial residential, commercial, and government structures. This initiative is set to bolster water conservation throughout the region.

Ludhiana civic body levels nine illegal buildings in Lohara area

  • ET Realty Infrastructure
  • 15th Jan, 2026

Ludhiana Municipal Corporation demolished nine illegal structures in Lohara, including five under-construction shops and four residential buildings, following Commissioner Aaditya Dachalwal's orders. This action is part of a zero-tolerance policy against unauthorized development, with officials now required to certify compliant jurisdictions. Residents are warned to obtain approved building plans to avoid demolition and legal action.

Construction workers in Uttar Pradesh urged to get registered for availing government benefits

  • ET Realty Infrastructure
  • 15th Jan, 2026

Uttar Pradesh government organized awareness and registration camps at three labour hubs to strengthen social security for construction workers. The initiative aims to ensure doorstep delivery of welfare benefits, including education, health protection, and financial assistance, for registered workers and their families.

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.

Punjab government makes registration of cooperative housing societies affordable, secure

  • ET Realty Residential
  • 14th Jan, 2026

The Punjab government is simplifying property registration processes in cooperative housing societies, making them more budget-friendly. Original allottees and their heirs are exempt from paying stamp duty, while non-original allottees enjoy reduced rates until March 2026.

Executive Centre India receives SEBI approval for ₹2,600-crore IPO

  • ET Realty Commercial
  • 14th Jan, 2026

Executive Centre India has obtained SEBI's approval for its Initial Public Offering, setting the stage to raise ₹2,600 crore via fresh equity shares. The funds are earmarked for acquiring TEC locations in Singapore and Dubai, demonstrating a bold internal restructuring strategy.

BA Continuum India inks ₹236-crore lease for office in Mumbai's Powai

  • ET Realty Commercial
  • 14th Jan, 2026

In a bold move that reflects the surging demand for commercial spaces, BA Continuum India, a subsidiary of Bank of America, has locked in a prime office location in the bustling district of Powai, Mumbai. The lease agreement extends over nearly 11 years, with an impressive rental obligation exceeding Rs 236 crore.

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.

About 548 families still awaiting allotments under Karnataka CM’s ₹1-lakh housing scheme

  • ET Realty Residential
  • 13th Jan, 2026

Administrative confusion between Greater Bengaluru Authority and Rajiv Gandhi Housing Corporation Limited has left 548 families in limbo, despite fully built homes being ready for allotment. Beneficiaries, who paid Rs 1 lakh years ago, staged a protest as officials cited delays in receiving the final allottee list from GBA. The list is now promised by January 31.

Anant Nagar plot registration till January 16: Lucknow development body

  • ET Realty Residential
  • 13th Jan, 2026

The Lucknow Development Authority has extended the online registration deadline for 637 residential plots in the Anant Nagar housing scheme to January 16 due to overwhelming public interest. This decision follows a strong response to the scheme, which is being developed over 785 acres and includes plans for parks and an Edutech City.

Tidco sets up model houses for villagers under Parandur airport resettlement plan

  • ET Realty Residential
  • 13th Jan, 2026

Tidco has built model houses for families to be relocated for the proposed Parandur greenfield airport in Kancheepuram district. Villagers can choose from different designs of 400 sqft houses, with options for cash compensation or alternative housing sites. The state government has also released a relief package for affected residents.

Tushar Infra Developers & Pantheon Buildcon sell property in Mumbai for ₹559.25 crore

  • ET Realty Commercial
  • 13th Jan, 2026

Tushar Infra Developers and Pantheon Buildcon have sold a commercial property in Chandivali, Mumbai. The deal for the Balaji IT Park property is valued at ₹559.25 crore. The property has a built-up area of approximately 30,195 square meters.

JP Morgan leases 2.71 lakh sq ft office space from Cowrks in Mumbai at ₹9 crore monthly rent

  • ET Realty Commercial
  • 13th Jan, 2026

JP Morgan has secured 2.72 lakh sq ft office space in Powai, Mumbai. This deal with Cowrks begins in April. The monthly rent is set at Rs 9.23 crore. The lease agreement spans 60 months. Rent will increase by 5 percent annually.

Honeywell leases four lakh sq ft office space at Ecoworld in Bengaluru

  • ET Realty Commercial
  • 12th Jan, 2026

Honeywell Technology Solutions Lab has leased a significant office space in Bengaluru. The technology firm will occupy 399,220 square feet at Ecoworld. This lease begins in January 2026 and spans seven years. The deal includes an expansion option for more space. This transaction highlights strong demand for quality office spaces in Bengaluru's tech corridor.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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