Real Estate News

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.

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.

Rising land prices push Visakhapatnam towards vertical housing

ET Realty Residential
27th Feb, 2026

Visakhapatnam's residential market is witnessing a surge in vertical housing, with developers opting for 40-50 storey complexes due to rising land prices and dwindling plot availability. This shift offers buyers lower per-square-foot costs and enhanced amenities, while improving land-use efficiency and project viability.

Finally, Chandigarh housing board allottees can make need-based changes

ET Realty Residential
27th Feb, 2026

Chandigarh Housing Board allottees are set to benefit from approved need-based changes. UT administrator Gulab Chand Kataria sanctioned relaxations on construction norms. These changes cover lifts, internal modifications, courtyards, and water tank capacity. Over 4.5 lakh residents in CHB-allotted houses are expected to gain from these policy updates. The decision aims for clarity and adherence to planning.

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.

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.

Path to Viksit Bharat runs through strong, sustainable cities: Housing minister

ET Realty Infrastructure
27th Feb, 2026

As India approaches 2047, its future will be decided in its cities. The urban population is set to reach 80 crore, driving a major portion of national economic output. To harness this potential, the government is prioritizing stronger urban infrastructure, reliable public services, and better quality of life.

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.

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.

Residential sales growth to slow to 5-7% in FY27 amid high base: India Ratings and ETRealty whitepaper

ET Realty Residential
26th Feb, 2026

India's housing market is set for slower growth in FY27 after a strong post-pandemic boom. Sales are expected to rise 5-7%, driven by premium and mid-market segments. Elevated prices and a high base will temper expansion. While demand remains positive, IT hiring slowdown poses a watchpoint for tech hubs. Developers focus on higher-value segments.

Shraddha Kapoor renews Juhu apartment lease at ₹6 lakh per month

ET Realty Residential
26th Feb, 2026

Shraddha Kapoor has renewed her Juhu apartment lease for another year, with rent starting at ₹6 lakh per month. The spacious 3,929 sq ft property in Prime Beach includes four parking spots. This renewal, registered in February 2026, follows her previous lease from October 2024, highlighting her continued presence in the upscale locality.

Lucknow: RWA protests against sale of clubhouse by Emaar India

ET Realty Residential
26th Feb, 2026

Residents of Emaar Gomti Green protested the alleged illegal sale of their clubhouse by Emaar India, which is now used for commercial activities, raising security concerns and disturbing peace. They also highlighted ongoing issues with electricity, water, and sewer systems, urging authorities for resolution and clubhouse handover.

More constructions to be brought under ambit of pollution monitoring system norms: Pune civic body

ET Realty Infrastructure
26th Feb, 2026

Pune Municipal Corporation plans to mandate pollution monitoring systems for smaller construction projects, expanding current norms. Mayor Manjusha Nagpure announced that government and civic projects will also be required to monitor pollution levels, with ready-mix concrete plants to be included. This move aims to curb air pollution from construction activities across the city.

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.

Suryakumar Yadav’s wife buys apartment in Mumbai for ₹7.18 crore

ET Realty Residential
25th Feb, 2026

Devisha Yadav, wife of cricketer Suryakumar Yadav, has acquired a 1,402 sq ft apartment in Godrej Sky Terraces, Chembur, Mumbai, for ₹7.18 crore. The property, registered in February 2026, includes two parking spaces and incurred ₹35.90 lakh in stamp duty. This follows a previous purchase of two apartments by the couple in the same building for ₹21.

Mumbai affordability index at 50%; cluster redevelopment to unlock 800-1,000 acres: MHADA CEO

ET Realty Residential
25th Feb, 2026

Mumbai is embracing large-scale cluster redevelopment to tackle housing challenges. MHADA plans to open vast land parcels for integrated projects. This strategy aims to create planned residential areas with better infrastructure. The goal is to deliver millions of affordable homes by 2030. This approach will generate significant housing stock for lower-income groups.

Nine multi-storey buildings among 100 structures razed on KMP link in Gurugram

ET Realty Infrastructure
25th Feb, 2026

Authorities in Gurugram successfully cleared nearly 100 encroachments along a 1.5-km stretch of the Farrukhnagar–Daboda road, restoring its sanctioned width. The five-day demolition drive aimed to ease traffic congestion and improve safety on this vital link to the KMP Expressway. Redevelopment of the reclaimed stretch is planned to enhance traffic flow and connectivity.

Telangana plans debt revamp, land monetisation as it moves to acquire Hyderabad metro phase I from L&T

ET Realty Infrastructure
25th Feb, 2026

Telangana is taking over the Hyderabad Metro Rail network from L&T. This ₹15,000 crore deal marks a significant state government acquisition. The state will formally assume control in April. Key areas include financial restructuring, asset transfer, and ensuring uninterrupted operations. Discussions are underway for a ₹13,000 crore loan from Indian Railway Finance Corporation.

Visakhapatnam: GVMC begins zone-wise development plan preparation after administrative reorganisation

ET Realty Infrastructure
25th Feb, 2026

Visakhapatnam's municipal corporation has reorganized into 10 zones, aligning with Assembly constituencies to improve local governance. Consultations are underway to develop comprehensive zonal and ward-level plans, addressing issues like drainage, water supply, and infrastructure gaps. This move aims to streamline service delivery and boost decentralized development across the city.

Ahmedabad: Illegal constructions removed from Vadu lake in Chandkheda’

ET Realty Infrastructure
25th Feb, 2026

Ahmedabad Municipal Corporation's estate department carried out demolitions in Chandkheda and Vejalpur. Illegal structures were removed from Vadu Lake and Ropda Lake. A new road was opened in Ghatlodia after demolishing shops and houses. Actions were also taken regarding LIG scheme houses in Thaltej, with one sealed and others issued notices. A construction site was fined for air pollution.

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.

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.

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.

Rajkot: Residents in tears after losing homes in demolition drive; seek rehabilitation

ET Realty Residential
24th Feb, 2026

Rajkot Municipal Corporation's extensive demolition drive in Jangleshwar has displaced over 1,400 families, leaving many without shelter. While residents lament the lack of rehabilitation, authorities claim the action is crucial for removing encroachments and curbing a significant rise in crime, including weapon possession and drug-related offenses.

Cabinet approves extension of Gujarat metro from GIFT City to Shahpur

ET Realty Infrastructure
24th Feb, 2026

The Union Cabinet has approved a new 3.33-km extension for the Gujarat Metro. This new route will connect GIFT City to Shahpur. The project is expected to be completed in four years. It will feature three elevated stations. This extension will significantly improve connectivity between Ahmedabad and the GIFT region. The project will also create jobs during construction and operation.

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.

US-based ICE Mortgage Tech leases nearly two lakh sq ft in Pune to set up GCC

ET Realty Commercial
19th Feb, 2026

Intercontinental Exchange is expanding its presence in India. Its subsidiary, ICE Mortgage Technology India, has leased a significant office space in Pune's Magarpatta Cybercity. This move aims to establish a global capability centre. The company will utilise the space for product engineering and technology operations.

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.

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.

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