Real Estate News

Bhubaneswar: Handover of plots in Vasudev Vihar delayed as buyers await development

ET Realty Residential
2nd Dec, 2025

Buyers who secured plots in Bhubaneswar's Vasudev Vihar scheme are grappling with prolonged delays, with the Odisha State Housing Board still lagging in development two years post-booking closure. Promised infrastructure remains incomplete, and many of these frustrated buyers, mainly retired government officials, find themselves burdened by loan interests.

Hyderabad: GHMC expansion plan likely to double wards of civic body to 300

ET Realty Infrastructure
2nd Dec, 2025

Hyderabad's municipal body is set for a significant expansion, potentially doubling its wards to nearly 300 and covering over 2,000 sq km with the proposed merger of 27 municipalities. This move would make GHMC India's largest municipal body by geographical spread and the largest elected one.

Sans master plan, Gaya fast becoming a concrete jungle

ET Realty Infrastructure
2nd Dec, 2025

Gaya's growth is in limbo, hindered by an aging master plan from the 1960s that has long outlived its usefulness. This unbridled expansion has resulted in significant gaps in vital services for the community. A revitalizing new plan is on the horizon, but the wait extends to another year, alongside a distinct strategy for Bodh Gaya.

Bengaluru to add 25 million sq ft of new office supply in H2 FY27: ICRA

ET Realty Commercial
2nd Dec, 2025

Bengaluru's office market is set for substantial growth. Over 25 million sq ft of new office space is expected in the latter half of FY27. Occupancy levels are projected to climb to over 92% by March 2027.

Maharashtra govt seeks SRA’s response on affordable housing for first-floor slum residents

ET Realty Residential
1st Dec, 2025

Maharashtra government is seeking a report from SRA on making first-floor slum dwellers eligible for free/affordable housing. The finance department is assessing the potential financial burden on the state if developers receive concessions. This move, pushed by BJP, could influence upcoming BMC polls by potentially benefiting a significant population previously excluded from SRA schemes.

Sushmita Sen, mother buy two apartments worth ₹16.89 crore in Mumbai

ET Realty Residential
1st Dec, 2025

Sushmita Sen' and her mother have acquired two luxury apartments in Mumbai's Goregaon East. The properties in Elysian by Oberoi Realty were bought for a combined ₹16.89 crore. Both deals were registered in November 2025.

Delhi: Vasant Kunj residents protest against nod for group housing project on Morphological Ridge

ET Realty Residential
1st Dec, 2025

Residents of B-1, Vasant Kunj, protested at Jantar Mantar against a group housing project approved for the Morphological Ridge. Despite clearances from multiple authorities, protestors argue the construction of three 10-storey luxury towers violates norms and endangers Delhi's green lungs. They claim statutory safeguards for citizens and the Ridge were ignored.

Hyderabad: Amid big ticket land auctions, 40% of Neopolis homes struggling for buyers

ET Realty Residential
30th Nov, 2025

Despite high-stakes land auctions, Neopolis faces a significant real estate challenge with 40% of launched homes unsold, particularly larger units. Developers are resorting to steep price cuts and innovative payment plans to attract buyers, while some larger projects face doubts about completion.

Registration of properties in Mumbai region up 20% in November at 12,219 units

ET Realty Residential
30th Nov, 2025

Mumbai's property market experienced a remarkable surge in November. The volume of registered real estate soared by 20% compared to last year, marking the highest level for November since 2013. Additionally, stamp duty revenues enjoyed a substantial boost.

Drone-based urban land survey launched in Panchkula

ET Realty Infrastructure
30th Nov, 2025

Panchkula municipal corporation is implementing the NAKSHA program to digitize urban land records using advanced mapping technologies. Specially appointed survey teams are conducting ground verification, collecting ownership data, and capturing imagery. Residents are urged to cooperate by providing property documents to ensure accurate and transparent digital land records.

Nagpur civic body inks ₹129 crore deal to redevelop Sokta Bhavan

ET Realty Commercial
30th Nov, 2025

Nagpur Municipal Corporation has finalized a Rs129 crore deal to redevelop the dilapidated Sokta Bhavan into a modern commercial complex and Citizen Facilitation Centre. Awarded on a DBFOS basis, this project marks a significant boost to the civic body's non-tax revenue after multiple failed attempts to attract bidders.

Eight years late, Ghaziabad development body now starts to hand over PMAY houses

ET Realty Residential
29th Nov, 2025

After an eight-year delay, Ghaziabad Development Authority (GDA) has commenced handing over flats to Pradhan Mantri Awas Yojana-urban (PMAY) beneficiaries in Madhuban Bapudham, with over 300 registries completed. Work is also finished in other zones, with possessions expected soon, despite initial funding and infrastructure challenges.

Hyderabad: Seven years on, no funds yet for 27 merging urban bodies

ET Realty Infrastructure
29th Nov, 2025

Seven years after their formation, 27 municipalities approved for merger with GHMC are struggling with basic amenities and financial support, relying heavily on meager property tax collections. Despite the merger approval, these urban local bodies may continue functioning separately as GHMC faces its own financial crunch, delaying a wider reorganization.

Central government plans to develop Belgaria in Jharkhand as model township: Coal secretary

ET Realty Infrastructure
29th Nov, 2025

Dhanbad's Belgaria is undergoing a remarkable transformation into a model township. The government's new initiative will ensure all essential amenities such as clean water, reliable electricity, and job opportunities for its residents. Displaced families will be offered homes in this modern community, aimed at providing a sanctuary away from the dangers of fire and subsidence.

Mindspace REIT acquires assets in Mumbai & Pune from K Raheja Corp for ₹29.2 billion

ET Realty Commercial
29th Nov, 2025

Mindspace REIT is acquiring three central business district assets for ₹29.2 billion from K Raheja Corp. The acquisition is set to enhance net operating income and distribution per unit. The deal involves properties in Mumbai and Pune, strengthening the REIT's market presence.

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.

Ratan Tata's beach villa in Seychelles up for sale

ET Realty Residential
28th Nov, 2025

Ratan Tata's Seychelles beachfront villa, bequeathed to his fund, is reportedly being eyed by Aircel founder C Sivasankaran for $6.2 million. Valued at Rs 85 lakh, the property's sale proceeds will fund Tata's trusts. Sivasankaran, a Seychelles citizen who aided Tata's acquisition, denies knowledge of the deal amidst his own bankruptcy proceedings.

Buy booklet for Devpur Para scheme by November 30: Lucknow development body

ET Realty Residential
28th Nov, 2025

The registration booklet for the LDA's Atal Nagar Housing Scheme in Devpur Para is available until November 30. Only those who purchase the booklet can complete their registration on the LDA website by December 2. The scheme offers 2,496 flats, including 1 BHK and 2 BHK units. Prices start from Rs 9.82 lakh.

Pucca house approval letters worth ₹2.5 crore distributed to beneficiaries in Khanauri

ET Realty Residential
28th Nov, 2025

Cabinet minister Barinder Kumar Goyal distributed approval letters worth Rs 2.55 crore to 102 beneficiaries under Pradhan Mantri Awas Yojana in Khanauri. He also announced upcoming development works totaling Rs 5 crore, including a sports stadium and a water treatment plant, aiming to ensure housing and development reach all sections of society.

BHIVE leases 15,000 sq ft workspace in Jayanagar, Bengaluru

ET Realty Commercial
28th Nov, 2025

BHIVE Workspace has secured a new 15,000 sq ft office space in Bengaluru's Jayanagar 4th Block. This marks a second collaboration with Garuda Group. The new center has a capacity for over 650 seats.

GRAP Stage-3 curbs revoked in Delhi-NCR amid slight improvement in air quality

ET Realty Infrastructure
27th Nov, 2025

Delhi-NCR is breathing a little easier these days as air quality shows improvement, prompting the lifting of Stage-3 restrictions mandated by the Graded Response Action Plan. Although the most severe pollution measures are now a thing of the past, Stage-1 and Stage-2 protocols remain in effect.

Panchkula gets C&D waste policy; now pay & get debris cleared

ET Realty Infrastructure
27th Nov, 2025

Panchkula Municipal Corporation has launched a comprehensive plan to manage construction and demolition waste, including hiring an agency for collection and transportation to a designated site. The Rs 2.13 crore one-year contract will involve door-to-door services for residents and bulk generators, with strict penalties for non-compliance. The initiative aims to curb illegal dumping and explore future waste processing opportunities.

Pune: PCMC likely to release red zone map around defence structures next week

ET Realty Infrastructure
27th Nov, 2025

Pimpri Chinchwad Municipal Corporation is set to release a red zone map within a week, clarifying construction prohibitions around defence depots. This map will provide much-needed clarity for nearly 4,000 property owners in areas like Talawade and Nigdi, following a tragic fire that highlighted illegal activities in restricted zones.

Bhubaneswar: BMC plans survey to regulate commercial activities in residential areas

ET Realty Commercial
27th Nov, 2025

Bhubaneswar Municipal Corporation is launching a survey to tackle the growing parking and commercial activity problem in residential areas. Institutions and shops are contributing to lane congestion. The BMC plans to identify solutions, potentially developing market clusters or parking lots to ease the chaos plaguing various city zones.

Sunaina Rakesh Roshan buys two commercial units worth ₹6.42 crore in Mumbai

ET Realty Commercial
27th Nov, 2025

Sunaina Rakesh Roshan has acquired two commercial units in the luxurious Vaidya West World One Aeropolis, located in Andheri East, Mumbai, with a total investment of ₹6.42 crore. These properties span over 2,400 sq ft and come with four dedicated car parking spaces.

Cabinet nod for expansion of Pune Metro at cost of ₹9,858 crore

ET Realty Infrastructure
26th Nov, 2025

The government has approved a Rs 9,858 crore expansion for the Pune Metro rail network. This project will add two new lines, Line 4 and Line 4A, spanning over 31 km with 28 elevated stations. Construction is expected to be completed within five years.

Pune: PMRDA misses deadline for draft town planning schemes amid opposition from villagers

ET Realty Infrastructure
26th Nov, 2025

Pune Metropolitan Region Development Authority (PMRDA) failed to meet its extended deadline for 15 town planning schemes. Villagers opposed land acquisition, citing the stalled Maan-Mhalunge model scheme. This resistance prevented land demarcation and survey work. The task now shifts to the joint director of town planning for execution within a new timeline.

Sporta Technologies leases 1.69 lakh sq ft office space in Mumbai’s Worli

ET Realty Commercial
26th Nov, 2025

Sporta Technologies, the parent of Dream11, has secured a significant 169,250 sq ft office space in Mumbai's Worli for a long-term lease. The deal, valued at nearly Rs 300 crore over 60 months, includes exclusive parking and reflects growing corporate confidence in prime commercial markets.

UAE based DAMAC Group opens new GCC in Noida, plans second in Pune

ET Realty Commercial
25th Nov, 2025

DAMAC Group from the UAE has unveiled DAMAC Shared Services India, establishing a Global Capability Center in Noida with a team of over 250 professionals. Looking ahead, the company aims to launch another facility in Pune by 2026, intending to employ an additional 100 skilled individuals.

Rakesh Roshan, wife buy five commercial units worth ₹19.68 crore in Mumbai

ET Realty Commercial
24th Nov, 2025

Filmmaker Rakesh Roshan and his wife Pramila have acquired five commercial units in Mumbai's Vaidya West World One Aeropolis. The total transaction amounted to ₹19.68 crore. These deals were registered in November 2025.

Varanasi: FIR against hotel for housing foreigners sans permission

ET Realty Hospitality
23rd Nov, 2025

Varanasi police have filed an FIR against the operator and manager of Hotel Dayal Tower for illegally accommodating foreign guests. The hotel failed to obtain mandatory permissions and registration, and did not report guest details to the FRRO as required by law. Investigations are ongoing into the alleged violation of the Foreigners Act.

Luxury hotels in Ahmedabad to pay wastewater tax

ET Realty Hospitality
22nd Nov, 2025

Ahmedabad Municipal Corporation will implement a new wastewater user charge on over 20 luxury hotels, starting in the 2026-27 financial year. This move, mandated by a World Bank loan, will see hotels generating over 10 KL of wastewater daily charged Rs 8 per KL. The revenue will support the AMC's ongoing sewage treatment and drainage system upgrades.

Odisha approves policy to become hub for GCCs

ET Realty Commercial
22nd Nov, 2025

Odisha government has greenlit a policy that provides attractive incentives for multinational firms aiming to establish Global Capability Centres footprint in the region. This initiative promises to invigorate the local economy by creating numerous job opportunities.

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.

About 14 illegal PGs in Mahadevapura, KR Pura in Bengaluru sealed

ET Realty Hospitality
19th Nov, 2025

Bengaluru East city corporation has sealed 14 paying guest accommodations for operating without trade licences and violating standard operating procedures. The crackdown aims to protect public health and ensure legal compliance. This action follows inspections that found commercial PGs operating in residential zones without necessary approvals.

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.

Indore: Cops get cracking against violators of tenant and guest verification norms

ET Realty Hospitality
14th Nov, 2025

Indore police are cracking down on those not following tenant and guest verification rules. Surprise checks were conducted on hotels and lodges. Fourteen people were booked for not providing required information. Authorities warn of legal action for violations. Citizens are urged to cooperate with police for city safety and to prevent crime.

Indian Hotels, ITC, EIH, others in race for Pune's Crowne Plaza

ET Realty Hospitality
12th Nov, 2025

Indian Hotels, ITC Hotels, and EIH are among many companies interested in buying Crowne Plaza in Pune. The hotel is being sold through a bankruptcy court process. Over 40 companies have submitted expressions of interest. This sale is happening alongside another hotel, JW Marriott in Bengaluru, also under insolvency

Crackdown on illegal PGs, hostels in Bengaluru from November 12

ET Realty Hospitality
12th Nov, 2025

Bengaluru East city corporation is launching a major crackdown on illegal paying guest accommodations and hostels. Health officers are now nodal officers, supervising teams to inspect trade licenses, fire safety, and hygiene. This action follows a report highlighting numerous PGs operating without proper permits, posing risks to public health and safety within residential areas.

Total Environment Resorts raises ₹175 crore through NCDs

ET Realty Hospitality
11th Nov, 2025

Total Environment Resorts has successfully issued ₹175 crore in listed, rated, non-convertible debentures, with Standard Chartered as the sole arranger and green co-ordinator. The proceeds will fund a residential real estate project in Bengaluru, adhering to green bond principles and SEBI regulations.

Nexus Select Trust's NOI up 14% to ₹425 crore in Q2 FY26

ET Realty Retail
5th Nov, 2025

Nexus Select Trust experienced a robust growth of 14% in net operating income, climbing to Rs 424.9 crore for the second quarter. The company announced a generous distribution of Rs 333 crore to its stakeholders.

The Phoenix Mills' profit rises 39% to ₹304 crore in Q2 FY26

ET Realty Retail
1st Nov, 2025

Phoenix Mills Ltd has reported a significant 39 percent jump in its consolidated net profit. The company's net profit reached Rs 303.99 crore in the second quarter of this fiscal year. This growth was driven by a substantial increase in its total income. The company's total income rose to Rs 1,146.21 crore during the July-September period.

Strict action against PGs and hostels without licences in Bengaluru

ET Realty Hospitality
31st Oct, 2025

According to the BECC, a large number of PG accommodations and hostels are functioning in violation of civic norms and safety regulations.

Gstaad Hotels likely to raise ₹1,300 crore from sale of JW Marriott Bengaluru

ET Realty Hospitality
29th Oct, 2025

Gstaad Hotels is poised to generate ₹1,300 crore by offloading the JW Marriott Bengaluru, a notable event in the Indian hotel market. With more than 40 entities, ranging from corporate giants to private equity investors, expressing interest, this sale is part of Gstaad's efforts to navigate through bankruptcy.

Ikea leases 37,000 sq ft store in a Pune mall

ET Realty Retail
25th Oct, 2025

Swedish furniture giant Ikea is set to enter Pune. The company has leased a significant space in Phoenix Marketcity mall. The lease agreement is for 59 months. It already has a presence in several Indian cities.

Brigade Hotel Ventures' net profit up 58% in Q2 FY26

ET Realty Hospitality
25th Oct, 2025

Brigade Hotel Ventures (BHVL) reported a significant 57.97% jump in net consolidated profit for Q2 FY26, reaching ₹10.60 crore. The company's total income also grew by 19.70% to ₹129.80 crore. BHVL plans to double its hotel portfolio by FY30 with a ₹3,600 crore investment, adding 9 new properties.

Nexus Select Trust to double mall portfolio by FY30; plans ₹5,000-6,000 crore capex via debt-equity mix

ET Realty Retail
23rd Oct, 2025

Nexus Select Trust REIT plans to significantly expand its retail portfolio to 18-20 million sq ft across 30-35 malls by FY30. The REIT will fund its ₹5,000-6,000 crore capital needs through debt and equity, leveraging strong portfolio metrics like 98% occupancy and consistent rental growth.

Institutional-grade malls now form 30–35% of India’s 650 operational malls: Report

ET Realty Retail
21st Oct, 2025

India's retail malls are becoming more professional. Many now meet high standards, attracting significant investment. Developers are building larger, experience-focused malls. This trend is expanding beyond major cities into smaller hubs. New GST reforms are expected to boost transparency and investor confidence, further fueling growth in the organized retail sector.

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