Real Estate News

Cidco offers 4,508 tenements on first come first serve basis in Navi Mumbai

ET Realty Residential
22nd Nov, 2025

Cidco has launched a housing scheme offering 4,508 ready-to-move tenements in Navi Mumbai on a first-come, first-served basis. Online registration opens Saturday, November 22, with applicants able to select their preferred homes from December 28. The scheme includes 1,115 EWS tenements under PMAY with a Rs 2.5 lakh subsidy and 3,393 LIG tenements.

Homebuyers move HC against Noida authority's nod to luxury tower on society land

ET Realty Residential
22nd Nov, 2025

A Noida condominium's AOA has moved the Allahabad High Court against the developer's plan to build a 46-floor luxury tower, challenging the Noida Authority's approval of additional FAR. Residents argue this violates their rights to common areas, a claim previously dismissed by the state government. The High Court has ordered the Noida Authority to produce consent records for review.

Andhra Pradesh CM sets target of 17 lakh houses in three years

ET Realty Residential
22nd Nov, 2025

Chief Minister N. Chandrababu Naidu has set an ambitious target of completing 17 lakh houses in three years under the Housing for All scheme, with mass housewarming ceremonies planned quarterly. He also directed officials to establish food processing units in MSME parks to boost farmer incomes through value addition and promote technology adoption.

Redevelopment policy revamp for housing societies on Maharashtra govt land gets all-party nod

ET Realty Residential
22nd Nov, 2025

Revenue Minister Chandrashekhar Bawankule secured all-party approval for a stalled redevelopment policy for housing societies on government land. The proposal, set for cabinet clearance, aims to unlock hundreds of projects by scrapping the PMAY-linked condition for land tenure conversion and mandating time-bound resolution of disputes, benefiting around 3,000 societies.

Public action committee warns Punjab government against housing policy in Shivalik belt

ET Realty Residential
21st Nov, 2025

The Public Action Committee has urged the Punjab government to halt its proposal to regularise farmhouses in the Shivalik-Kandi region. They argue the policy is legally flawed, scientifically indefensible, and risks contempt of Supreme Court orders, potentially destabilising fragile terrain and violating forest conservation laws.

Fines worth ₹2.36 crore imposed, 48 construction sites shut in Delhi

ET Realty Infrastructure
21st Nov, 2025

In a crackdown on pollution, Delhi authorities have imposed hefty fines totaling Rs 2.36 crore, while shutting down 48 construction sites for inadequate dust control measures. Over 200 notices have been served as part of this initiative, which has seen an escalation in inspections since mid-October.

Construction sites in Mumbai to be shut down if AQI stays above 200: BMC

ET Realty Infrastructure
21st Nov, 2025

In a decisive move to combat air pollution, Mumbai's civic authority, the BMC, is on high alert. Industrial facilities and construction sites could be shut down if air quality levels remain perilously high. Under the GRAP-4 regulations, swift action will follow should pollution levels not improve.

Residents want villages on periphery under Mohali civic body

ET Realty Infrastructure
21st Nov, 2025

Punjab government held a public hearing on expanding Mohali MC limits, with residents strongly supporting the inclusion of new sectors and villages. Officials aim to finalize the expansion before 2025 for better civic planning and infrastructure, despite potential marginal tax increases. The move is expected to integrate developing areas into Mohali's framework, ensuring equal services and governance.

Mindspace REIT to deploy ₹4,185 crore capex for expansion

ET Realty Commercial
21st Nov, 2025

With plans to invest upwards of ₹4,185 crore in the next two financial years, Mindspace Business Parks REIT is charting a bold course for expansion from FY26 to FY28. The company is targeting double-digit increases in both net operating income and cash flow.

Japan’s Nishitetsu, Runwal Enterprises partner for ₹2,000-crore Mumbai office development

ET Realty Commercial
21st Nov, 2025

According to industry experts, for Runwal Enterprises, the partnership underscores its intent to attract institutional capital and strengthen its position in Mumbai’s premium commercial real estate segment. The company has expanded from its initial focus on affordable and mid-income housing into premium and luxury developments.

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.

Maharashtra offers incentives to boost rental housing development in Mumbai Metropolitan Region

ET Realty Residential
20th Nov, 2025

Maharashtra Housing Area Development Authority (Mhada) is offering significant incentives, including tax waivers and extra floor space, to developers for building rental housing in the Mumbai Metropolitan Region. This initiative aims to provide affordable accommodation for various groups and address the large number of unoccupied homes.

Lucknow development body extends deadline for Atal Nagar housing scheme to December 2

ET Realty Residential
20th Nov, 2025

The Lucknow Development Authority (LDA) has extended the registration deadline for its Atal Nagar housing scheme to December 2, offering 2,496 flats for low and middle-income families. The scheme, featuring 1BHK and 2BHK units, has already received over 4,000 applications, prompting the extension for public convenience.

Prayagraj development body plans Aero City township for modern, affordable housing

ET Realty Residential
20th Nov, 2025

The Prayagraj Development Authority is launching Aero City, a large-scale residential project near Airport Road, offering plots and flats within an integrated township. Planned across 90 acres, the scheme aims to provide modern housing and commercial spaces, with land acquisition expected to cost Rs 3,300 crore starting next financial year.

Property sales of over ₹425 crore in Lucknow development body's e-auction

ET Realty Residential
20th Nov, 2025

Lucknow Development Authority's e-auction saw property sales exceeding Rs 425 crore, with bids reaching nearly three times the reserve price in several instances. Key sales included a residential plot in Sector 5, which sold for Rs 1.5 crore against a reserve of Rs 28 lakh, and a group housing plot in Gomtinagar Extension fetching Rs 47 crore.

DDA's Karkardooma tower project in Delhi draws 1,500 bids, overshoots flat availability

ET Realty Residential
20th Nov, 2025

Delhi Development Authority's new housing project, DDA Towering Heights, is seeing huge demand. Over 1,500 bids were submitted for 1,026 flats. The project is part of Delhi's first Transit Oriented Development policy.

Tests done, DGCA & UP to check Noida airport readiness before launch date

ET Realty Infrastructure
20th Nov, 2025

Noida International Airport is nearing operational readiness. Directorate General of Civil Aviation officials will review the airport's preparedness for an aerodrome licence. This crucial step will allow commercial flights to commence from December. The airport is set to handle domestic and cargo flights initially. Ticket bookings will open at least 30 days before flights begin.

State approves revised estimate of ₹290 crore for Kolhapur Airport expansion

ET Realty Infrastructure
20th Nov, 2025

The Maharashtra government has approved a revised administrative sanction of Rs 290 crore for the expansion of Kolhapur Airport. This funding will cover land acquisition for runway extension and the construction of the Kolhapur-Hupari road. The project aims to extend the runway to accommodate larger aircraft and improve connectivity.

Bhubaneswar: Another 201 'illegal' houses demolished in Salia Sahi for road project

ET Realty Infrastructure
20th Nov, 2025

As part of a broader urban development plan, officials in Bhubaneswar executed the second day of a comprehensive eviction operation, resulting in the demolition of 201 illegal residences in Salia Sahi. To date, more than 280 homes have been removed, with an ambitious goal to relocate the remaining 510 families by Friday to a newly established neighborhood offering fundamental facilities.

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.

Structures in CRZ must be contained: Goa CZMA on mundkarial house expansion

ET Realty Infrastructure
19th Nov, 2025

The Goa Coastal Zone Management Authority has ordered the demolition of a house in the Sal river no-development zone. The structure was illegally expanded by mundkars. The authority stated that while existing structures were tolerated, growth beyond original dimensions was not permitted. The original hut was demolished and reconstructed as a ground-plus-one structure without approvals.

Eviction drive at biggest slum in Bhubaneswar to construct road

ET Realty Infrastructure
19th Nov, 2025

Salia Sahi, the largest slum in Bhubaneswar, is currently at the center of a significant eviction campaign led by the Bhubaneswar Municipal Corporation and Development Authority. This operation involves the demolition of more than 550 unauthorized homes to pave the way for a new road intended to alleviate traffic congestion.

Maharashtra's cabinet approves concept-based iconic city development, MHADA redevelopment policies

ET Realty Infrastructure
19th Nov, 2025

Maharashtra's cabinet has greenlit groundbreaking strategies for urban development and the revitalization of MHADA colonies. The innovative city development policy emphasizes efficient land utilization by CIDCO and other bodies, paving the way for a more organized urban landscape.

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.

Saif Ali Khan buys commercial property worth ₹30.75 crore in Mumbai

ET Realty Commercial
19th Nov, 2025

Saif Ali Khan has secured a commercial property in the bustling city of Mumbai, with the transaction amounting to ₹30.75 crore. This purchase comprises two office units alongside six valuable car parking slots.

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.

RWAs ask Mohali development body to build road promised in masterplan

ET Realty Infrastructure
18th Nov, 2025

Residents of Mohali's Sectors 123, 124, and 125, along with market associations, protested Gmada's delay in constructing the 200ft masterplan road. Over 20,000 families face daily hardships, including accidents and flooding, due to the missing crucial connectivity. MP Malvinder Singh Kang assured residents he would prioritize the project.

Cochin development body passes resolution to pool land for Infopark phase-III

ET Realty Commercial
18th Nov, 2025

Greater Cochin Development Authority (GCDA) has passed a resolution to pool 500 acres for Infopark's Phase III, an integrated AI township. Land pooling notifications will be issued post-local body elections, with a dedicated officer appointed to coordinate the process. Landowners can voice grievances after the official notice.

Jaguar Land Rover leases 1.46 lakh sq ft space at Brigade Tech Gardens, Bengaluru

ET Realty Commercial
18th Nov, 2025

Jaguar Land Rover India has leased a significant office space in Bengaluru. This expansion at Brigade Tech Gardens marks a major deal driven by global capability centers. The automaker's presence in the city grows substantially. This move highlights the continued demand for specialized talent hubs in automotive research and development.

Puravankara lease out over 1.2 lakh sq ft retail space to Ikea at Purva Zentech Park, Bengaluru

ET Realty Commercial
17th Nov, 2025

Puravankara has signed a significant agreement with Ikea India to lease over 1.2 lakh sq ft of retail space at its Purva Zentech Park in Bengaluru. This mixed-use development, slated for completion in early 2026, will see IKEA occupy the first two floors.

Greater Noida authority launches ₹3,600-crore commercial plot scheme

ET Realty Commercial
17th Nov, 2025

Greater Noida Industrial Development Authority has launched a major commercial land scheme, offering 37 plots with a combined reserve price of Rs 3,604 crore. These plots, designated for commercial complexes, retail hubs, and mixed-use developments, are available through e-auction. Registrations are open until December 5, with plot sizes and prices varying across several key sectors.

Smartworks lease out 1.66 lakh sq ft space to Wolters Kluwer in Pune

ET Realty Commercial
17th Nov, 2025

Smartworks Coworking Spaces has leased 1.66 lakh sq ft to Wolters Kluwer in Pune, highlighting a significant shift in their business model. The company now sees over 35% of its rental revenue from large enterprise clients, a substantial increase from three years ago. This growth is further evidenced by a 21% year-on-year revenue increase and a positive net-debt position.

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.

Swiggy to shift headquarters to Whitefield as Bellandur lease expires

ET Realty Commercial
15th Nov, 2025

Food-delivery platform Swiggy is relocating its headquarters from Bellandur to Whitefield within the next couple of months. The move aims to offer employees better connectivity, including proximity to two Metro stations. This decision stems from the expiry of their Bellandur lease, not infrastructure concerns.

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.

91Springboard leases one lakh sq ft workspaces in Mumbai & Gurugram

ET Realty Commercial
13th Nov, 2025

Workspace solutions provider 91Springboard has expanded its footprint with two new centers in Mumbai and Gurugram, totaling approximately one lakh sq ft. These new hubs, set to be operational next quarter, contribute to the company's significant space addition this year, further bolstering its extensive network of 43 centers across India.

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.

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

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.

ITC Hotels' profit up 74% at ₹133 crore in Q2 FY26

ET Realty Hospitality
24th Oct, 2025

ITC Hotels announced a significant 74 percent increase in its second-quarter net profit. This growth was driven by higher revenues from operations. The company's revenue from operations increased to Rs 839.48 crore.

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.

TTDC takes possession of its land housing private hotel in Trichy

ET Realty Hospitality
23rd Oct, 2025

Tamil Nadu Tourism Development Corporation (TTDC) has taken possession of a private star hotel in Trichy for non-payment of lease dues. The hotel, leased on TTDC land since 1994, owed ₹38 crore upon lease expiry. Despite legal challenges, the hotel failed to pay the directed ₹20 crore, leading to the takeover.

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.

Indian retail REITs may touch ₹80,000 crore by 2030: Report

ET Realty Retail
21st Oct, 2025

Retail REITs are projected to become a significant ₹60,000–80,000 crore opportunity by 2030, potentially forming 30-40% of India's total REIT market. This growth is driven by maturing Grade A malls, rising urban incomes, and steady consumption, with tier-II cities emerging as key growth hotspots for new retail developments.

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