Real Estate News

Lucknow: 549 plots allotted under land pooling policy in LDA’s IT City scheme

ET Realty Residential
10th Mar, 2026

The Lucknow Development Authority (LDA) held a lottery to allot residential plots to farmers and landowners who contributed land for the IT City scheme. The draw, streamed live, allocated 549 plots of various sizes in sectors 15, 16, 17, 18, and 30. Around 350 landowners pooled nearly 550 acres for the project.

Mumbai: Flats for 252 Goregaon-Mulund Link Road project PAPs to be ready by March-end

ET Realty Residential
10th Mar, 2026

Rehabilitation buildings for 252 project-affected persons in the Goregaon-Mulund Link Road project's first phase are nearing completion by March end. These compact 300-square-foot apartments at Kanjurmarg West will feature modern amenities, with construction of seven buildings progressing. Underground tunnel excavation is slated to begin in June 2026.

Joint panel set up in Haryana to probe illegal tree felling, construction in Raisina Aravalis

ET Realty Infrastructure
10th Mar, 2026

Authorities are investigating illegal tree felling and construction in Gurugram's Aravali region. A joint committee will inspect the Raisina village area. The National Green Tribunal directed action following environmental concerns. Previous efforts to restore the Aravalis have faced challenges. The committee will recommend measures to address violations and protect the ecological zone.

CIDCO plans 120-acre commercial hub in Navi Mumbai, floats tender for 20-year development

ET Realty Commercial
10th Mar, 2026

CIDCO has invited bids to develop a 120-acre International Corporate Park in Navi Mumbai's Kharghar, aiming to create a new business district akin to BKC. This initiative, under the state's Theme-Based policy, seeks a private developer via competitive bidding to foster a world-class corporate ecosystem and boost Navi Mumbai's economic growth.

Kolkata civic body seals 15 shops at shopping arcade over property tax dues

ET Realty Retail
9th Mar, 2026

Kolkata Municipal Corporation officials raided Shreeram Arcade, sealing 15 shops for unpaid property taxes. Traders who settled dues reopened their businesses. The civic body recovered Rs 20 lakh and warned that shops not clearing dues by March 31 face auction. Similar drives targeted other areas, highlighting a growing trend of tax evasion by traders in central Kolkata.

Goa: Six months jail, ₹10,000 fine if owner fails to keep tenant records

ET Realty Residential
9th Mar, 2026

Goa has implemented the Goa (Verification of Tenants) Rules, 2026, mandating landlords to verify tenant identities and maintain records. Failure to comply can lead to imprisonment up to six months and a fine of Rs 10,000. Police will also maintain inspection records, with provisions for reporting and action against non-compliance or criminal involvement.

Jaipur: About 2,000 Sanganer residents march to protect homes

ET Realty Residential
9th Mar, 2026

Nearly 2,000 residents from 87 Sanganer colonies protested a housing board land acquisition, fearing for their homes. Families have lived in these colonies for years, built houses with bank loans, and developed civic facilities. Residents issued a 15-day ultimatum to the state government for a resolution, threatening intensified agitation if their concerns are not addressed.

Illegal mortgage on apartment land leaves homebuyers in legal limbo in Bengaluru

ET Realty Residential
9th Mar, 2026

Homebuyers in Bengaluru face a growing crisis as developers illegally mortgage land meant for apartment projects. This practice leaves buyers in prolonged legal disputes and financial uncertainty. One case on Anekal-Chandapura Road saw residents battling for ownership rights for years after their flats were mortgaged without their knowledge.

Jewar airport to be inaugurated soon: Civil aviation minister

ET Realty Infrastructure
9th Mar, 2026

Jewar airport in Uttar Pradesh has received its aerodrome licence and will begin operations shortly. The Civil Aviation Minister announced this development in the Rajya Sabha. The government is committed to expanding India's airport network, with plans for new airports and upgrades across the country. This initiative aims to boost regional connectivity and accommodate growing air travel demand.

Land levelled, trees felled, road to new buildings laid at Damdama basin in Aravalis

ET Realty Infrastructure
9th Mar, 2026

Construction and a new road are altering the Damdama Lake catchment, a protected Aravali area. Land has been levelled and fenced, with electricity extended to new structures. This activity threatens Gurgaon's groundwater recharge system. Forest officials will inspect the site for violations. Environmental groups are calling for joint inspections and removal of unauthorised constructions.

Ranchi civic body cracks down on unlicensed hostels, lodges

ET Realty Hospitality
9th Mar, 2026

Ranchi Municipal Corporation is cracking down on unlicensed hostels, lodges, and banquet halls, demanding mandatory licenses by March 15. Operators must comply with safety norms, building approvals, and civic regulations or face fines, sealing, and legal action. The RMC emphasizes essential safety features like fire equipment and designated parking for public safety.

Sort waste at home, get a 10% rebate on property tax: Ghaziabad civic body

ET Realty Residential
8th Mar, 2026

Ghaziabad Municipal Corporation announced property tax rebates following Allahabad High Court's order and public protests. Residents segregating waste will receive a 10% rebate, with additional discounts for timely payments and building age. Despite these measures, some former councillors argue the revised rates remain high.

Amid slump, Hyderabad builders offer Harleys, EVs & gold to push home sales

ET Realty Residential
8th Mar, 2026

Hyderabad developers are offering expensive gifts like Harley Davidsons, EVs, and gold coins to boost sluggish property sales. These incentives, ranging from Rs 3 lakh to Rs 8 lakh, aim to clear unsold inventory amid a market slowdown. While industry insiders see these as short-term sales tactics, realtors question their sustainability and impact on genuine buyer decisions.

Over 4,100 transit flats for Kashmiri migrant employees completed in Valley

ET Realty Residential
8th Mar, 2026

Construction of transit flats for Kashmiri migrant employees is progressing well. Over 4,100 of the 6,000 planned flats are now complete. The remaining units are anticipated to be finished by the end of next month. Essential services are being reviewed to ensure readiness for occupancy. Further flats are scheduled for completion by April 2026.

Lucknow development body's Park View apartments to have 364 premium flats

ET Realty Residential
8th Mar, 2026

Lucknow Development Authority is launching Park View apartments, a project featuring 364 premium 3BHK flats in Basant Kunj. Registration opens March 7th, with applications exclusively online. The complex will offer modern amenities and is expected to be completed within three years.

Haryana to set up panel to draft proposal for waste-to-energy projects in major cities

ET Realty Infrastructure
8th Mar, 2026

A committee has been formed to draft a model request for proposal for waste-to-energy projects. These projects will be undertaken in major municipal corporations like Gurugram, Faridabad, and Hisar. The initiative aims to strengthen scientific municipal solid waste management. The committee will assess feasibility, identify sites, and frame agreements.

PM inaugurates two new Delhi metro corridors

ET Realty Infrastructure
8th Mar, 2026

Prime Minister Narendra Modi inaugurated two new Delhi Metro corridors, the Majlis Park-Maujpur Babarpur (Pink Line) and Deepali Chowk-Majlis Park (Magenta Line), enhancing connectivity for several areas. He also laid the foundation stone for three new Phase V-A corridors, including routes to the airport and connecting Noida with south Delhi, as part of a Rs 33,500 crore infrastructure development.

IKEA aims to be profitable by FY28; to open 25 small & medium stores in next 4-5 years

ET Realty Retail
7th Mar, 2026

Swedish furniture giant IKEA is set to become profitable in India by FY28. The company plans to open 25 new stores across the country in the next four to five years. This expansion will focus on smaller formats to reach more customers. IKEA is also enhancing its operational efficiency and local sourcing to drive growth and improve margins.

DDA to take over day-to-day upkeep of flats from April

ET Realty Residential
7th Mar, 2026

Delhi Development Authority will now manage day-to-day maintenance of its housing complexes, including pre-2021 flats, to boost sales. Flat owners will pay quarterly charges for services like security, cleaning, and minor repairs. This initiative aims to ensure efficient upkeep until occupancy reaches 80% or an RWA is registered.

Maharashtra CM announces ₹23,487-crore metro line to Gateway of India, underground tunnel network

ET Realty Infrastructure
7th Mar, 2026

Maharashtra Chief Minister Devendra Fadnavis unveiled ambitious infrastructure plans. The Budget 2026-27 includes extensive underground tunnel networks in Mumbai and Pune. A Rs 23,487 crore metro line to the Gateway of India is also planned. The state aims for 1,200 km of metro lines and over 6,000 km of expressways by 2047, enhancing connectivity for passengers and freight.

West Bengal drafts plan for reuse of treated wastewater in housing units

ET Realty Infrastructure
7th Mar, 2026

West Bengal's urban development department has drafted a policy promoting safe reuse of treated wastewater for non-potable purposes. The policy aims to reuse at least 20% of treated wastewater by 2030 across various sectors, including industry, agriculture, and housing. It also suggests imposing user charges and commercializing treated water use for revenue generation.

About 195% more groundwater drawn by Gurugram than it replenished last year

ET Realty Infrastructure
7th Mar, 2026

Gurgaon's groundwater extraction is alarmingly high, exceeding permissible limits by 194.6%, a negligible improvement from last year. This over-exploitation, driven by urbanisation and industrial demand, depletes aquifers faster than they can replenish. Despite warnings, the city relies heavily on groundwater, highlighting a critical need for sustainable water management and increased rainwater harvesting.

Residents in Mohali protest over delay in PR-6 road construction

ET Realty Infrastructure
7th Mar, 2026

Residents protested a private builder's alleged role in delaying the PR-6 road construction in Mohali. The project, crucial for connectivity, is stalled due to a legal dispute over land compensation, impacting thousands of residents. Puda officials stated the case is sub judice and concerns public interest.

Maharashtra CM pushes for metro routes in newly developed areas of Pune

ET Realty Infrastructure
7th Mar, 2026

Pune's Metro expansion is set to receive a significant boost with the announcement of new lines under phase-II, connecting older city areas to developing regions. The Khadakwasla-Swargate-Hadapsar-Kharadi line, covering 32 km with 28 stations, is a key project expected to be executed by Maha Metro. Commuters, however, are concerned about the slow pace of construction and urge for expedited execution.

ICICI Prudential AIF acquires Pune IT park asset for about ₹520 crore

ET Realty Commercial
7th Mar, 2026

An investment fund managed by ICICI Prudential Asset Management has bought a large office space in Pune. This acquisition is part of a strategy to build a portfolio of income-generating commercial real estate. The fund aims to provide investors access to prime office assets. This move taps into India's growing commercial real estate market.

US-based Charles Schwab leases 3.45 lakh sq ft office space in Hyderabad for GCC

ET Realty Commercial
7th Mar, 2026

Charles Schwab is expanding its global operations in India. The US financial services firm has leased a significant office space in Hyderabad's Gachibowli. This move highlights Hyderabad's growing importance as a hub for multinational companies. The lease agreement includes phased commencement and rental escalations. This expansion is expected to boost the city's office market.

Nexus Select Mall Management settles allegations of REITs violation with Sebi

ET Realty Retail
6th Mar, 2026

Nexus Select Mall Management has resolved allegations of breaching REIT guidelines by settling with Sebi. The firm has agreed to pay Rs 24.37 lakh, addressing concerns over its inability to uphold essential net worth requirements and notify Sebi of pertinent alterations.

SAMHI Hotels to invest ₹470 million for 70% stake in RARE India

ET Realty Hospitality
6th Mar, 2026

SAMHI Hotels is acquiring a 70% stake in RARE India for approximately ₹470 million, marking its entry into the experiential leisure hospitality segment. This investment will bolster RARE India's capabilities and reach. Additionally, SAMHI and RARE India are exploring an affiliation with Marriott International to operate RARE's portfolio under Marriott's Outdoor Collection brand.

Embassy REIT acquires 0.3 million sq ft office space in Bengaluru for ₹852 crore

ET Realty Commercial
4th Mar, 2026

Embassy Office Parks REIT has bought a Bengaluru office property for ₹852 crore. The deal involved acquiring Eleanor Realty Holdings India, which owns the Pinehurst building. This grade-A office space is fully leased to a global investment firm. The transaction was completed at a discount to independent valuations. PwC and Trilegal provided advisory services for the deal.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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