Real Estate News

Uttar Pradesh government sanctions ₹736 crore for PMAY urban housing

ET Realty Residential
13th Sep, 2025

The Uttar Pradesh government has approved the budget for Pradhan Mantri Awas Yojana. This is for the financial year 2025-26. A fund of Rs 736 crore is allocated. The aim is to provide housing for urban poor families across the state. The central and state governments jointly run the scheme. Eligible families receive grants and subsidies.

No new rooftop construction atop residential buildings: West Bengal government

ET Realty Residential
13th Sep, 2025

The urban development department in West Bengal has prohibited new rooftop construction on residential buildings, mandating the restoration of existing rooftop establishments for common residential use. Commercial rooftop establishments in non-residential buildings can continue if they occupy only half the space for emergency refuge.

Tenant verification neglected in Ranchi: Police urge landlords to comply

ET Realty Residential
13th Sep, 2025

Tenant verification in Ranchi remains neglected, raising safety concerns after recent criminal incidents. Despite directives from the city SP to collect tenant details, many police stations admit to minimal or no verifications. Police cite landlord negligence in reporting new tenants, allowing criminals to exploit rental accommodations.

Hyderabad business duo buys Delhi bungalow for ₹140 crore

ET Realty Residential
13th Sep, 2025

Sasidhar Chinta and Lakshmi Priyadarshini Chinta of Vishwa Samudra Group acquired a sprawling 883-square metre bungalow in Delhi's Jor Bagh for ₹140 crore, with the sale registered in June. This transaction highlights the enduring demand for high-value properties in the prestigious Lutyens' Bungalow Zone, known for its exclusive residences and central location.

Rudrapur: Registry ban remains on 790 illegal colonies in Udham Singh Nagar

ET Realty Residential
13th Sep, 2025

Udham Singh Nagar administration continues its ban on property registrations in 790 illegally developed colonies identified in May. A detailed report suggesting solutions has been sent to the state government. The crackdown revealed misuse of agricultural land, with many colonies backed by influential figures, awaiting further directives from the state government.

Jaipur: JMC-H demolishes two rickety buildings, seals one in Walled City

ET Realty Infrastructure
13th Sep, 2025

Jaipur Municipal Corporation Heritage initiated a demolition drive, razing two unsafe buildings in the Walled City's Johari Bazaar, while also providing temporary housing for affected residents. Simultaneously, the JMC-H mayor led a plantation drive, adding 201 Champa saplings to the Kishanpole market's green belt. Furthermore, a 'Swachhata Ki Paathshala' was organized to educate students on cleanliness and waste management.

Panchkula's Gandhi Colony faces bulldozers before Navratras

ET Realty Infrastructure
13th Sep, 2025

Authorities are preparing to clear Gandhi Colony, a slum settlement near Mata Mansa Devi Mandir, before Navratras. A recent survey revealed around 1,000 illegal structures on encroached land, prompting concerns among residents facing potential eviction.

Over 100 illegal shops razed near Majri Chowk, Panchkula

ET Realty Retail
12th Sep, 2025

In a significant anti-encroachment operation, HSVP and MC officials demolished approximately 100 illegal structures near Majri Chowk, including dhabas and shops. The cleared land will be used to rehabilitate eligible families from Gandhi Colony, where many residents live in slum-like conditions.

Jaipur: 18 houses in Lal Dungri caught between JDA and JMC-H

ET Realty Residential
12th Sep, 2025

Lal Dungri residents are in a difficult situation. Jaipur Development Authority and Jaipur Municipal Corporation-Heritage are in conflict. JMC-H issued demolition notices for dilapidated homes. Illegal land excavation weakens home foundations. Residents complain about inaction against land mafia. JDA says they will cordon off the area. JMC-H will demolish homes after seven days if JDA does not respond.

Mohali development body to issue clearance certificates to allottees, builders

ET Realty Residential
12th Sep, 2025

Gmada is set to host a one-day camp at PUDA Bhawan on Saturday, September 13, to distribute clearance certificates to allottees, promoters, and developers. The initiative aims to streamline processes, address stakeholder issues, and improve service delivery. Officials from various departments will be present to assist applicants and resolve queries, ensuring efficient and convenient service.

Jaipur unveils draft policy for ‘transit oriented development’ zones

ET Realty Infrastructure
12th Sep, 2025

Jaipur's urban development department has proposed a Transit Oriented Development (TOD) policy to promote mixed-use areas near transit stations. The policy aims to reduce reliance on private vehicles, ease congestion, and encourage smart urban growth by establishing TOD zones within an 800-meter radius of metro, railway, and regional transit stations.

No government nod, 32 flats razed by Gurugram civic body

ET Realty Residential
11th Sep, 2025

Gurugram authorities cracked down on illegal construction in Anamika Enclave, Sector 14, demolishing and sealing 32 unauthorized flats. The buildings lacked mandatory map approval from MCG and fire safety NOCs, including essential fire escape doors. MCG officials emphasized their commitment to preventing illegal construction, highlighting the strain it places on city infrastructure and services.

Redevelopment of housing societies in Mumbai to add supply homes worth ₹1.3 lakh crore: Report

ET Realty Residential
11th Sep, 2025

Mumbai's housing society redevelopment is set to surge, adding over 44,000 new homes by 2030, valued at Rs 1.3 lakh crore. Since 2020, 910 societies have signed redevelopment agreements, unlocking significant land. Western Suburbs will see the most growth, while the state government anticipates substantial revenue from these projects.

Bengaluru: No OC needed for 1,200 sq ft homes; government eases rules for small plots

ET Realty Residential
11th Sep, 2025

The Karnataka government has exempted individual houses on 30x40 sites (1,200 sqft) within Greater Bengaluru Authority limits from needing an occupancy certificate (OC). This decision, announced Tuesday, applies to ground-plus-two or stilt-plus-three floor constructions. The move aims to reduce red tape for smaller residential projects following concerns about mandatory OCs.

Delhi metro revisits 2011 plan: Dwarka-IFFCO Chowk route back on drawing board; DPR awaited

ET Realty Infrastructure
11th Sep, 2025

Delhi Metro Rail Corporation is reconsidering a plan to extend metro connectivity from Dwarka to Gurgaon, potentially linking Yashobhoomi station to IFFCO Chowk. This would provide seamless access to key employment hubs and the airport. While a previous plan was shelved, a fresh proposal for a 12km corridor is under discussion, alongside another overlapping route.

CAG flags under-utilisation of welfare fund for construction workers

ET Realty Infrastructure
11th Sep, 2025

A CAG audit reveals that Gujarat collected over Rs 4,700 crore in welfare cess from developers over 16 years, but only utilized Rs 808 crore for worker welfare. The unspent funds are attributed to the non-constitution of a Welfare Fund and a single-member board lacking employer and worker representatives.

Bhubaneswar's new city project gets cabinet nod

ET Realty Infrastructure
11th Sep, 2025

The Odisha cabinet has approved the development of a 'New City' near Bhubaneswar, spanning 800 acres. With a projected investment of Rs 8,179 crore over 15 years, the project aims to create a multi-economic growth zone aligned with Viksit Odisha 2036. The city will prioritize public transport, affordable housing, and cutting-edge infrastructure, including innovation hubs and green spaces.

Mumbai: BMC releases proposed ESZ plan for SGNP

ET Realty Infrastructure
11th Sep, 2025

Draft management plan lists 184.5 hectares of slums, quarries, and ready-mix plants as threats, yet leaves scope for industries and real estate to come up

No registry or power: How Ghaziabad development body plans to check illegal colonies

ET Realty Infrastructure
11th Sep, 2025

Ghaziabad Development Authority seeks to halt property registrations in unauthorized colonies to curb their growth, citing a recent survey revealing a significant increase. This directive clashes with existing registration laws, but GDA argues it's supported by a 2024 Supreme Court order concerning unauthorized constructions and the necessity of completion certificates for essential services.

Commercial use of properties along 42 major roads to be allowed in Prayagraj

ET Realty Commercial
11th Sep, 2025

Prayagraj has implemented its Master Plan 2031, permitting commercial activities along 42 major roads, including Mahatma Gandhi Marg and Tashkent Marg. This expansion from the previous plan, which only covered 29 roads, allows buildings up to two floors to be used for commercial purposes. The Prayagraj Development Authority will conduct surveys and enforce compounding rules to ensure compliance.

Chandigarh: Drone survey done, field verification to begin on September 20

ET Realty Infrastructure
10th Sep, 2025

The Chandigarh administration's NAKSHA pilot program has completed its drone survey, with field verification of property features set to begin on September 20. Twenty survey teams have been formed to systematically conduct the exercise across five villages and fifteen sectors. Deputy Commissioner Nishant Kumar Yadav emphasized the importance of surveyor training and adherence to project timelines during a review meeting.

Maharashtra cabinet clears plan to borrow ₹2,000 crore from Hudco for urban infra projects

ET Realty Infrastructure
10th Sep, 2025

The Maharashtra state cabinet has approved a Rs 2,000 crore loan from HUDCO to fund urban infrastructure projects across various municipal corporations, including water supply and sewage initiatives in Chhatrapati Sambhajinagar, Nagpur, and Mira Bhayandar.

Amazon leases 2.2 lakh sq ft office space in Chennai

ET Realty Commercial
10th Sep, 2025

Amazon Development Centre India has leased 220,000 sq ft from WeWork in Chennai, marking the largest office transaction in the city this year. The 40-month lease will accommodate over 3,500 work units, highlighting Amazon's expansion in southern India and the growing demand for flexible workspaces. This deal positions Chennai as a key real estate market alongside Bengaluru and Hyderabad.

Major push to attract GCCs, Andhra Pradesh constitutes a 360-degree advisory council

ET Realty Commercial
10th Sep, 2025

Andhra Pradesh is aggressively pursuing Global Capability Centres (GCCs) to become a major digital economy hub. The state government has formed a 360-degree GCC advisory council, led by Nara Lokesh, to attract investments and create a strategic roadmap. This initiative aims to foster innovation, develop infrastructure, and create a future-ready talent pool through collaborations and global outreach.

Uttarakhand to limit homestay scheme to permanent residents

ET Realty Hospitality
9th Sep, 2025

Uttarakhand's tourism department is planning to restrict its homestay scheme to permanent residents due to misuse by outsiders operating commercial properties. The proposed changes aim to support local families and preserve the state's culture, addressing concerns about unregistered homestays and exploitation of residential resources. Amendments to regulations will include tax exemptions, registration periods, and stricter oversight to ensure compliance.

NBCC inks pact with NMRDA to build Naveen Nagpur

ET Realty Commercial
9th Sep, 2025

NBCC (India) and NMRDA have partnered to develop Naveen Nagpur, an International Business & Finance Center (IBFC) spanning 1,710 acres. NBCC will act as the project management consultant for the 1,000-acre business district, focusing on commercial establishments, residential areas, and mixed-use developments. The project will be executed in three phases over 15 years.

Mumbai: BKC saturated, Wadala central business district auction to begin soon

ET Realty Commercial
8th Sep, 2025

MMRDA is set to auction plots in Wadala, Mumbai's third CBD, within the next two months, following the successful sale of its BKC land bank. This development, included in the MMR's economic master plan, aims to capitalize on Wadala's strategic location and connectivity via Eastern Freeway, Atal Setu, and various transit lines.

Japanese companies home in on India for GCCs

ET Realty Commercial
8th Sep, 2025

Facing a rapidly aging population and shrinking workforce, Japanese companies are increasingly establishing global capability centers (GCCs) in India to tap into its vast tech talent pool and innovation ecosystem. This surge is driven by the need for digital modernization, cost optimization, and access to specialized skills, with projections indicating significant growth in Japanese GCCs in India by 2028.

DDA invites bids for five-star hotel in Dwarka’s Sector 23

ET Realty Hospitality
7th Sep, 2025

The Delhi Development Authority (DDA) is seeking a licensee for a five-star hotel in Dwarka's Sector 23, following the successful leasing of a site in Nehru Place. This 2.5-acre land parcel will be leased for 55 years, with the selected agency responsible for developing and managing a 200-room hotel.

Goa: GIDC seeks to double FAR for four lakh sq meter Verna IT park

ET Realty Commercial
6th Sep, 2025

The Goa Industrial Development Corporation (GIDC) is planning to double the permissible floor area ratio (FAR) for its proposed 'Hello World' IT Park in Verna, pending government approval. This move aims to attract developers and boost the project's financial viability.

Applied Materials leases 8.06 lakh sq ft office space for ₹855 crore over 10 years

ET Realty Commercial
4th Sep, 2025

Applied Materials has leased 8.06 lakh sq ft of office space in Bengaluru for Rs 855 crore over 10 years. This expansion will accommodate their growing operations and support their new Innovation Center for Semiconductor Manufacturing. The R&D fab represents a Rs 4,851 crore investment and is expected to create approximately 1,500 jobs, boosting Karnataka's semiconductor industry.

UrbanVault leases 80,000 sq ft space at Manyata Tech Park, Bengaluru

ET Realty Commercial
2nd Sep, 2025

UrbanVault has expanded its presence by leasing 80,000 sq ft at Manyata Tech Park in Bengaluru, offering over 2,000 seats with prices starting at Rs 10,000 per month. The workspace provider, which reported a ₹120 crore turnover in FY25, has secured clients like Cloud Odyssey and SRM Tech. This move increases UrbanVault's portfolio to over 2.

WeWork India lease out 22,700 sq ft to Chargebee in Chennai

ET Realty Commercial
2nd Sep, 2025

WeWork India has leased 22,000 sq ft of space to Chargebee at WeWork Ramanujan Intellion Park in Chennai, following Chargebee's move of its Ireland office to WeWork in Dublin earlier in 2025. WeWork India had leased two centers in July 2025, one in Pune and the other in Chennai, expanding its presence across eight cities with over one lakh desks.

Tathastu Realty to invest ₹200 crore on high-street retail project in Haryana's Rewari

ET Realty Retail
1st Sep, 2025

Tathastu Realty is set to invest Rs 200 crore in developing 'Swarnim', a six-acre high-street retail project in Rewari, Haryana. The project, featuring 1,200 shops priced at Rs 14,000 per sq ft, anticipates a total sales realization of approximately Rs 400 crore.

DDA to e-auction over 200 properties including festival event sites, cafes

ET Realty Retail
25th Aug, 2025

The Delhi Development Authority (DDA) has launched an e-auction featuring over 200 premium properties, including function sites, kiosks, and cafes, available on a license-fee basis. This initiative aims to provide additional event spaces during the upcoming festive season. Registration begins August 26, with e-auctions starting September 30, offering opportunities for various commercial ventures across Delhi.

Indore civic body seals 36 shops for non-payment of property tax

ET Realty Retail
21st Aug, 2025

Indore Municipal Corporation took action against tax defaulters. IMC sealed thirty-six shops in Siddhi Vinayak Market 2 on Jail Road. The reason was non-payment of property tax and garbage collection fees. Shopkeepers must provide registration documents and pay dues to get the seals removed.

CCI approves Phoenix Mills acquisition of CPP Investments' 49% stake in ISMDPL

ET Realty Retail
20th Aug, 2025

The Competition Commission of India (CCI) has approved The Phoenix Mills' (PML) proposal to acquire Canada Pension Plan Investment Board's (CPP Investments) 49% stake in Island Star Mall Development (ISMDPL). PML will gain full ownership of ISMDPL for ₹5,449.16 crore.

DDA's land licensing model bags ₹10,000 crore deal

ET Realty Hospitality
17th Aug, 2025

The Delhi Development Authority (DDA) has awarded its first Special License Property (SLP) project to Fleur Hotels, a Lemon Tree Hotels subsidiary, projecting a revenue of Rs 10,000 crore over 55 years. Fleur Hotels secured the 2-acre Nehru Place land parcel, earmarked for a five-star hotel, with an annual license fee of Rs 27.19 crore.

Amazon leases six lakh sq ft warehousing at Kolkata's Oswal Logistics Park

ET Realty Retail
13th Aug, 2025

Amazon is expanding its Indian supply chain with a 600,000 sq ft built-to-suit facility at Oswal Logistics Park in Kolkata, expected by 2027-2028. This move, part of a larger leasing spree including 800,000 sq ft in Delhi NCR, highlights Amazon's bullish outlook on India's consumption growth and its strategy to enhance last-mile delivery capabilities.

Brigade Hotel Ventures posts profit of ₹7 crore in Q1 FY26

ET Realty Hospitality
13th Aug, 2025

Brigade Hotel Ventures Limited announced a consolidated net profit of Rupees 7.16 crore for the first quarter. This follows a net loss in the same period last year. Total income increased to Rupees 125.03 crore. The company plans to open nine new hotels using IPO funds and internal cash flow.

Mohali development body to hold draw for Aerocity’s SCOs, bay shops on Aug 14

ET Realty Retail
9th Aug, 2025

Gmada will conduct a numbering draw on August 14 for commercial SCOs and bay shops in Aerocity allotted under the land pooling scheme. The draw is for eligible Letter of Intent holders, with the list available on the Gmada website.

Tesla India takes on lease 8,200 sq ft commercial space in Delhi's Aerocity

ET Realty Retail
8th Aug, 2025

Tesla is expanding its Indian footprint, leasing 8,200 sq ft of commercial space in Delhi's Aerocity for Rs 17.22 lakh monthly, with a 9-year lease and rent increases every three years.

ITC Hotels to develop Fortune Select hotel in Lucknow

ET Realty Hospitality
8th Aug, 2025

ITC Hotels is expanding its Fortune Hotels portfolio with a new agreement with CEM Hospitality for a hotel in Lucknow, slated to open in 2026. This addition strengthens ITC's presence in Uttar Pradesh to seven operational properties, with six more in development. The new hotel will feature 93 modern rooms and diverse dining options.

Prestige Hospitality Ventures get Sebi's nod for IPO

ET Realty Hospitality
7th Aug, 2025

Prestige Hospitality Ventures, an arm of realty firm Prestige Estates Projects, is aiming to raise Rs 2,700 crore through its IPO, comprising a fresh issue of equity shares valued at Rs 1,700 crore, and an offer-for-sale (OFS) of equity shares worth Rs 1,000 crore, according to the draft red herring prospectus (DRHP).

Tesla leases 33,000 sq ft commercial space in Gurugram

ET Realty Retail
5th Aug, 2025

Tesla has leased a 33,000 sq ft space in Gurugram's Orchid Business Park for nine years, intended as a service, delivery, and retail center. The lease, registered on July 28, commences immediately with a starting rent of Rs 40 lakh, escalating annually by 4.75%.

Lucknow development body to sell vacant shops on first-come-first-served basis

ET Realty Retail
1st Aug, 2025

The Lucknow Development Authority plans to sell long-vacant commercial units on a first-come-first-serve basis after failed auctions, aiming to revive spaces and generate revenue. Additionally, LDA will revise land use for 40 unclaimed plots in seven housing schemes for residential and commercial purposes. A significant budget increase of Rs 12,504.

SC dismisses Zostel's appeal against Oyo

ET Realty Hospitality
31st Jul, 2025

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court order. The dispute traces back to 2015, when Oyo considered acquiring Zostel’s business including Zo Rooms.

Brigade Hotel Ventures shares drop nearly 10% in market debut trade

ET Realty Hospitality
31st Jul, 2025

Brigade Hotel Ventures Ltd shares debuted on the stock exchanges with a nearly 10% discount to the issue price of Rs 90. The IPO, which was subscribed 4.48 times, involved a fresh issue of shares worth Rs 759.6 crore. The company intends to use the proceeds to reduce debt, acquire land, and support strategic initiatives.

Brigade Hotel Ventures' IPO subscribed 1.19 times on day 2 of offer

ET Realty Hospitality
25th Jul, 2025

Brigade Hotel Ventures Ltd's IPO saw a subscription of 1.19 times on its second day, with strong retail interest at 4.65 times. The IPO aims to raise ₹759.6 crore, using proceeds for debt repayment, land acquisition, and strategic initiatives. The company, a subsidiary of Brigade Enterprises, operates nine hotels across India with 1,604 keys.

IHCL, Ambuja Neotia Group ink pact for 15 new hotels, focus on east, northeast region

ET Realty Hospitality
22nd Jul, 2025

Indian Hotels Company (IHCL) and Ambuja Neotia Group have partnered to develop 15 new hotels, primarily in east and northeast India. Ambuja Neotia Group will invest between Rs 1,500 crore to Rs 2,000 crore in greenfield, brownfield, and conversion projects across West Bengal, Sikkim, and Himachal Pradesh.

NEW PROJECTS

Malad West, Mumbai

1 RK, 1 BHK Flats Flats

Carpet Area: 240 Sq.ft - 386 sq.ft

56 Lacs Onwards

+91 7977640320

Goregaon East, Mumbai

3 BHK & 4 BHK Apartments Flats

Carpet Area: 2010 Sq.ft - 3050 Sq.ft

7 Cr Onwards

+91 9769025551

Khopoli, Raigad

Residential Villa Plots Plots

3000 Sq.ft - 12000 Sq.ft

1.80 Cr Onwards

+91 97690 25551

Gorwa, Vadodara

Villas Villas

4750 Sq.ft - 6500 Sq.ft Built-up Area

8 Cr Onwards

+91 98197 02366

Gorwa, Vadodara

3 BHK, 4 BHK Flats Flats

2833 Sq.ft - 4084 Sq.ft Carpet Area

3.50 Cr Onwards

+91 98197 02366

Nepean Sea Road, Mumbai

4 BHK & 5 BHK Duplex Flats

2762 Sq.ft - 4418 Sq.ft

35 Cr*

+91 97690 25551

Altamount Road, Mumbai

4 BHK & 7 BHK Duplex Flats

3080 - 5300 Sq.ft

50 Cr*

+91 9769025551

Goregaon West, Mumbai

2 BHK Flats Flats

566-590 Sq.ft Carpet Area

1.26 Cr Onwards*

+91 7977640320

Wadala East, Mumbai

2 BHK & 3 BHK Flats Flats

750 Sq.ft - 1122 Sq.ft Carpet Area

2.37 Cr Onwards*

+91 97690 25551

Goregaon West, Mumbai

1 RK, 1 BHK & 1.5 BHK Flats Flats

280 Sq.ft - 530 Sq.ft Carpet Area

65 Lacs Onwards*

+91 7977640320

Goregaon West, Mumbai

1 BHK & 2 BHK Flats Flats

405 - 618 Sq.ft Carpet Area

1.05 Cr Onwards*

+91 7977640320

Goregaon West, Mumbai

2 BHK, 3 BHK Flats Flats

713 - 998 Sq.ft Carpet Area

2.02 Cr Onwords*

+91 9769025551