Real Estate News

Arjun Sharma of Select City Walk buys South Delhi property for ₹125 crore

ET Realty Residential
25th Dec, 2025

Arjun Sharma, a co-founder of Select City Walk, has acquired a prime South Delhi bungalow for Rs 125 crore. The exclusive West End property, a rare offering, highlights the enduring demand for luxury real estate in the capital. This significant transaction underscores the robust activity among High-Net-Worth Individuals in the Delhi market.

Homebuyers in Tamil Nadu to get relief on stamp duty and registration fees

ET Realty Residential
25th Dec, 2025

Tamil Nadu homebuyers registering first-sale apartments and villas will now benefit from a new government order. Stamp duty and registration fees paid on construction agreements before December 1, 2023, can be set off against the composite value of land and building during sale deed registration. This move aims to prevent double payment for buyers and aligns with RERA regulations.

Bengaluru: HC order ignored, illegal construction continues in HAL III Stage

ET Realty Infrastructure
25th Dec, 2025

Residents have taken their fight to the High Court after over 40 complaints about alleged building norm violations in HAL III Stage went unaddressed. Despite a court order for the BCCC to issue notices and stop non-compliant construction, residents claim work continues, nearing inauguration and causing significant disruption and safety concerns.

Ahmedabad: Demolition of 25 houses at Thaltej society begins

ET Realty Infrastructure
25th Dec, 2025

Ahmedabad Municipal Corporation commenced demolishing 25 houses in Snehanjali Society, Thaltej, following prior demolition notices. Residents, after protesting a land dispute, have agreed to temporary relocation in Gujarat Housing Board flats in Naranpura. They've accepted the civic body's and housing board's decisions on rent and financial matters. Most homes have now been razed.

Union cabinet clears three new metro stretches in Delhi, including Central Vista corridor

ET Realty Infrastructure
25th Dec, 2025

Delhi's infrastructure receives a significant upgrade with the Union Cabinet's approval for three new Metro corridors. A key stretch will connect RK Ashram Marg to Indraprastha, enhancing access to Kartavya Bhavans and India Gate. Two other corridors will improve airport and south Delhi connectivity.

Gurugram: DTCP flags illegal subdivision at business complex, freezes sale deeds

ET Realty Commercial
25th Dec, 2025

Gurgaon's District Town Planner has taken action against Sewa Corporate Park for illegal subdivision and sale of units without a mandatory licence. The commercial complex, which received an occupation certificate in 2009, was later carved into multiple shops and offices without statutory approval.

J Estates enters into senior living housing segment

ET Realty Residential
24th Dec, 2025

J Estates is venturing into the senior living market, launching three major initiatives in Gurugram. Comprising approximately 450 units, these projects will embody luxury and comfort, with a total investment of ₹2,100 crore.

Ludhiana civic body chief orders quick recovery, crackdown on illegal constructions

ET Realty Infrastructure
24th Dec, 2025

MC Commissioner Aaditya Dachalwal has instructed building branch officials to speed up recovery of dues. He also ordered them to halt illegal constructions across Ludhiana. Officials must meet recovery targets or face departmental action. They must also certify that no illegal building is occurring in their areas. Residents are urged to get building plan approval before starting construction.

Navi Mumbai International Airport set to commence operations on December 25

ET Realty Infrastructure
24th Dec, 2025

The Navi Mumbai International Airport is set to begin commercial flights on Thursday. This new airport will significantly cut travel times and boost tourism. It will also attract major investments to the region.

Embassy REIT sells 3.76 lakh sq ft space in Manyata Park in Bengaluru for ₹530 crore

ET Realty Commercial
24th Dec, 2025

Embassy REIT has offloaded prime office space in Bengaluru for an impressive ₹530 crore. The acquisition by EAAA Alternatives' Rental Yield Plus fund strengthens their presence in the renowned Embassy Manyata Business Park.

A year on, no GR on abolition of NA tax; housing societies in Maharashtra seek clarity

ET Realty Residential
23rd Dec, 2025

Maharashtra housing societies face continued uncertainty over the abolition of non-agricultural (NA) tax in urban areas, despite a state cabinet decision over a year ago. The Maharashtra State Housing Federation has urged the government to issue a formal Government Resolution (GR) to end confusion and ensure uniform implementation, as many societies remain unsure whether to continue paying the levy.

Delhi civic body expedites work on its fifth C&D waste plant in Tehkhand

ET Realty Infrastructure
23rd Dec, 2025

Delhi is boosting its waste management with a new construction and demolition waste processing plant in Tehkhand, set to be operational within a year. This fifth plant, along with four existing ones, will significantly increase the city's daily processing capacity.

Ahmedabad: Auda clears transit oriented zone benefits for 4,604 hectares along 10 roads

ET Realty Infrastructure
23rd Dec, 2025

Ahmedabad Urban Development Authority has approved extending Transit Oriented Zone benefits to over 4,600 hectares of land. This includes higher floor space index and parking concessions along ten major city roads. These benefits will apply even where Bus Rapid Transit System corridors are not yet built. The decision aims to promote dense development along transport routes.

Notice served to 4,500 homes in Gurugram's DLF 1-5 for illegal construction

ET Realty Infrastructure
23rd Dec, 2025

Haryana government has identified 4,565 properties in DLF phases 1-5 for illegal constructions and commercial misuse of residential properties. Following a high court directive, a public notice has been issued, allowing owners to submit objections until January 16, 2026. The process aims for transparency and due process before further action.

Haryana pushes for Rajiv Chowk as start point of Gurugram-Faridabad-Noida RRTS corridor

ET Realty Infrastructure
23rd Dec, 2025

Haryana government wants Rajiv Chowk to be the start of the Gurgaon-Faridabad-Noida RRTS line. This aims to boost daily ridership and integration. However, NCRTC has concerns about higher construction costs and engineering issues. The project connects IGI Airport to Noida Airport, passing through Gurgaon and Faridabad. Officials believe Rajiv Chowk offers better connectivity and commuter access.

CRDA approves over ₹1,300 crore to develop layouts in Amaravati

ET Realty Infrastructure
23rd Dec, 2025

Amaravati's Capital Region Development Authority has approved significant funding for development projects. Over Rs 1,300 crore will be allocated for layout infrastructure. A Rs 444-crore flood pumping system is also planned.

Shapoorji Pallonji Real Estate enters plotted development

ET Realty Residential
22nd Dec, 2025

Shapoorji Pallonji Real Estate has entered plotted development. They launched Treetopia, a 105-acre project in Pune. The project has a revenue potential of ₹600 crore. It will offer 483 residential plots.

Lucknow development body waives backdate maintenance fee on vacant flats in old schemes

ET Realty Residential
22nd Dec, 2025

Homebuyers in Lucknow have received a significant reprieve as the Lucknow Development Authority (LDA) has waived three years of backdated maintenance charges for new purchasers of vacant flats in older housing schemes. This decision, approved by the LDA Board, aims to boost sales by removing a substantial financial burden, making the purchase of unsold inventory more attractive for prospective buyers.

Mumbai: Worli residents protest SRA move to terminate developer and warn of agitation

ET Realty Residential
22nd Dec, 2025

Worli residents are protesting the Slum Rehabilitation Authority's (SRA) move to terminate a developer, potentially jeopardizing 2,500 families. Residents threaten to boycott BMC elections if the decision stands. SRA officials cite project delays and lack of progress, while residents and their lawyer claim the developer is capable and supported, accusing the SRA of creating obstacles.

Haryana set to allot residential plots to 7,000 landless families

ET Realty Residential
21st Dec, 2025

Haryana CM Nayab Singh Saini announced significant welfare reforms, including allotting 100-sq-yard plots to 7,000 landless families and linking them with the Pradhan Mantri Awas Yojana. He also promised new government recruitment notifications and highlighted initiatives like free dialysis and subsidized LPG cylinders for women.

Mumbai: Redevelopment creeping in, yet Dadar Parsi Colony has retained its charm

ET Realty Residential
21st Dec, 2025

Dadar Parsi Colony, once a vision of open spaces, is now experiencing redevelopment with high-rise towers replacing older buildings. Despite this, the enclave retains its charm due to Parsi covenant properties, restricting ownership and sales. Efforts are underway to archive its history and seek UNESCO accreditation, balancing modernization with heritage preservation.

Fee fixed for transfer of common areas to apartment association during flat sale deed registration in Odisha

ET Realty Residential
20th Dec, 2025

Odisha has fixed a Rs 20,000 fee for transferring common areas in apartment projects to allottee associations, amending the Registration Act of 1908. This move aims to resolve ambiguities and facilitate smooth sale deed registrations, which had been stalled since May 2022. The notification clarifies ownership of common areas for associations, though resale implications remain unclear.

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.

Elon Musk's Starlink leases first office space with CorporatEdge in New Delhi

ET Realty Commercial
19th Dec, 2025

Elon Musk-owned Starlink has secured its first office space in northern India, leasing a 50-seater facility at Delhi's World Trade Center. This move, alongside OpenAI's similar decision, signals a strategic choice for proximity to the capital's power centers and a preference for flexible, premium workspace providers.

Gurugram: Property registrations blocked in Raheja Developers' commercial project

ET Realty Commercial
18th Dec, 2025

The district town planner has ordered the sub-registrar to halt property transactions for Raheja Developers' commercial project in Sector 84, Gurugram, as its development licence expired in May 2019 and was not renewed. The builder has also been directed to cease all site work immediately to protect buyers' interests.

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.

Concorde invests ₹125 crore to develop commercial block at Concorde Mayfair in Bengaluru

ET Realty Commercial
15th Dec, 2025

Bengaluru's Concorde has invested ₹125 crore to develop a commercial block at Concorde Mayfair. This new development in Yelahanka will feature retail spaces and office units.

360 ONE real assets platform raises ₹2,300 crore

ET Realty Commercial
15th Dec, 2025

In a remarkable feat, 360 ONE Asset's real assets platform has amassed ₹2,300 crore within just four months, showcasing its strong appeal to investors. This fund primarily focuses on acquiring infrastructure and income-generating commercial ventures.

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.

Gurugram: Owners of 32nd Avenue served notice for breaches in building code

ET Realty Commercial
13th Dec, 2025

Gurgaon authorities have issued a show-cause notice to 32nd Avenue owners. Inspections revealed violations of approved building and layout plans. These include encroachments and illegal conversions. Previous notices for similar breaches went unaddressed. Owners must appear on December 17, 2025, with relevant documents. Failure to comply could lead to demolition or sealing.

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.

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.

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.

MPIDC gets consent for 300 hectare for Indore-Pithampur economic corridor

ET Realty Commercial
11th Dec, 2025

Landowners have given consent for nearly 300 hectares for the Indore-Pithampur Economic Corridor. This vital infrastructure project will connect Indore and Pithampur, a major industrial hub. The corridor aims to improve freight movement and reduce travel times. It is expected to attract new industrial investments. Efforts are underway to complete land pooling formalities.

Karnataka government to open bids for IT Park project in Mangaluru next week

ET Realty Commercial
11th Dec, 2025

Karnataka will open bids on December 15 for a new IT Park in Mangaluru. This project, costing Rs 135 crore, is part of the state's 'Beyond Bengaluru' initiative. The government aims to boost IT and BT investments across various regions. Selected bidders will get government land on a 30-year lease.

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.

Brookfield India REIT raises ₹3,500 crore via QIP to fund expansion, debt reduction

ET Realty Commercial
10th Dec, 2025

Brookfield India REIT has made headlines by raising ₹3,500 crore via a qualified institutional placement, indicating a high level of investor interest. This capital will play a crucial role in expanding their portfolio, especially with the noteworthy acquisition of Ecoworld in Bengaluru on the horizon.

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.

Kajol Devgan lease out retail unit for ₹8.6 crore in Mumbai

ET Realty Retail
19th Nov, 2025

Kajol Devgan has secured a prime retail location in Goregaon West, Mumbai, covering 1,817 sq ft, complete with parking provisions. The leasing arrangement kicks off with a monthly rent of ₹6.9 lakh, spanning nine years.

Blackstone-backed REIT eyes Diamond Plaza mall buyout

ET Realty Retail
18th Nov, 2025

Nexus Select Trust, backed by Blackstone, is in advanced talks to acquire Diamond Plaza mall in Dum Dum for an estimated Rs 450-600 crore. This potential acquisition follows the REIT's recent purchase of South City Mall for Rs 3,250 crore. The deal signifies Nexus Select Trust's continued expansion in India's retail real estate market, particularly in the eastern region.

LuLu Group revives mall project in Visakhapatnam

ET Realty Retail
15th Nov, 2025

LuLu Group International will revive its Visakhapatnam shopping mall project after a hiatus, citing circumstances beyond their control during the previous government's tenure. Chief Minister N Chandrababu Naidu's invitation prompted the revival, with construction set to begin this week and completion expected within three years, creating thousands of jobs.

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