Real Estate News

AAI's high-frequency radar to be relocated, will unlock land for affordable housing in Dahisar: Aviation minister

ET Realty Residential
15th Dec, 2025

Dahisar, Mumbai is set to unveil vast tracts of land dedicated to affordable housing solutions. By relocating the Airports Authority of India's radar to Gorai, the region opens its gates to thousands of new homes. This vital redevelopment will breathe new life into aging buildings, fostering improved living standards and economic vitality.

Capital Gateway homebuyers protest delay in Gurugram, seek probe into regulatory lapses

ET Realty Residential
15th Dec, 2025

Hundreds of homebuyers protested prolonged delays and regulatory lapses at the Capital Gateway housing project in Gurugram. Allottees are urging HRERA to review project approvals and ensure strict enforcement of RERA provisions, demanding clarity on completion timelines and accountability from the developer.

YEIDA to prepare future-ready service master plan

ET Realty Infrastructure
15th Dec, 2025

YEIDA is hiring a consultant to create a comprehensive service master plan for water supply, sewerage, and stormwater drainage. This plan will assess current infrastructure, identify gaps, and outline a roadmap for future development and integration with Master Plan 2041, ensuring the region's growth is supported by robust utility systems.

GRAP IV restrictions go up in smoke, Gurugram chokes on dust as building sites flout norms

ET Realty Infrastructure
15th Dec, 2025

Gurugram's air quality plummets as construction sites flout pollution control norms under GRAP stage 4 restrictions. Despite a ban, many sites continue operations without basic dust mitigation, leaving residents gasping for breath amidst a pervasive haze. Authorities claim action, but visible dust and non-compliance paint a grim picture.

Mumbai civic body conducts lottery draw for 426 houses

ET Realty Residential
14th Dec, 2025

The Brihanmumbai Municipal Corporation held an online draw for 426 homes. 373 applicants were successful in securing housing. Another 362 applicants have been placed on a waiting list. A further lottery for 296 residential units is planned soon.

NDMC launches cleanliness drive across key residential, commercial zones

ET Realty Infrastructure
14th Dec, 2025

The New Delhi Municipal Council is igniting a transformation with its latest cleanliness campaign. Different departments are uniting efforts to sweep away dust, remove silt, and elevate the beauty of green areas. This initiative specifically targets high-traffic residential and commercial zones, striving to minimize pollution and improve public health.

Land acquisition issues nearing closure in Andhra Pradesh capital region villages

ET Realty Infrastructure
14th Dec, 2025

Capital region farmers' land acquisition issues are nearing resolution, with most of the 47 pending cases expected to be finalized within a week. Infrastructure development in capital villages is set to accelerate, as detailed project reports for 29 villages are being prepared. Pension for landless poor has been reinstated, benefiting thousands.

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.

Delhi: DDA demolishes illegal farmhouses in Sainik Farms, recovers 4.5 acres

ET Realty Infrastructure
13th Dec, 2025

The Delhi Development Authority has successfully executed a demolition operation in Tilpath Valley, Sainik Farms, focusing on illegal structures that intruded upon designated green land for an upcoming biodiversity park. Numerous farmhouses and a vacant lot have been cleared, allowing the DDA to reclaim around 4.5 acres of land.

Ludhiana civic bodu's Dhandhari C&D waste plant operational but starved of waste

ET Realty Infrastructure
13th Dec, 2025

Ludhiana's long-awaited construction and demolition waste processing plant is finally operational but faces a critical shortage of incoming waste. Despite overcoming numerous hurdles, the plant is underutilized as waste isn't reaching the site. Civic officials are now scrambling to establish new designated dumping points across the city to ensure a steady supply and combat illegal dumping.

Six illegal constructions sealed in Jaipur's Adarsh Nagar zone

ET Realty Infrastructure
13th Dec, 2025

Jaipur Municipal Corporation sealed six illegal constructions in Adarsh Nagar zone during a special drive. The action targeted unauthorized commercial establishments and plots found without mandatory approvals. Officials emphasized the importance of obtaining proper permissions to prevent disruptions and safety risks.

Chandigarh administration estimates and plans optimal use of available land for future development

ET Realty Infrastructure
13th Dec, 2025

Chandigarh faces a land crunch with less than 10% remaining for expansion. The UT administration is mapping all vacant and earmarked plots for housing, commercial, and institutional use to optimize land utilization. Major land parcels are available in Phase III and the IT Park, with further development planned in peripheral areas.

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.

AIPL to invest ₹987.25 crore to develop residential project along Dwarka Expressway

ET Realty Residential
12th Dec, 2025

AIPL is gearing up to unveil Riviera, a remarkable new residential venture with an investment exceeding ₹987 crore. Situated in the heart of Gurugram's AIPL LakeCity, the project will comprise two soaring 43-floor towers, providing luxurious 3 and 4 BHK living spaces.

Given ‘slum to rehab’ assurance, Dharavi locals face eviction

ET Realty Residential
12th Dec, 2025

Dharavi residents, promised direct relocation to new flats, are now facing eviction notices. Forty-two families in Ganesh Nagar, Meghwadi, received orders to vacate within seven days for a crucial sewerage pipeline project. Residents express distress over shifting rent promises and demand alternative housing, not just monetary compensation.

Free land regularisation to benefit 70,000 Marathwada families

ET Realty Residential
12th Dec, 2025

Nearly 70,000 families in Marathwada and Chandrapur district received relief. The Hyderabad Inam and Cash Grants Abolition (Amendment) Bill, 2025, was passed. Residential houses on Madat Mash inam lands are now regularised free of cost. Occupants receive full Occupant Class-1 ownership rights. This resolves a long-pending issue for many families.

Lucknow development body to resume registration for plots on Mohan Road

ET Realty Residential
12th Dec, 2025

Lucknow Development Authority is set to reopen registrations for approximately 1,487 developed plots under its Anantnagar residential scheme on Mohan Road. These plots, designated for middle and upper-income groups across various colonies, will be available for registration soon. The process for securing these plots, ranging in size from 112.5 to 450 sq m, will be conducted online.

Vadodara civic body razes 350 dwellings near Dashama pond in Gorwa

ET Realty Infrastructure
12th Dec, 2025

Vadodara Municipal Corporation, at the Gujarat Housing Board's request, razed 350 shanties near Dashama pond in Gorwa. The demolition, spanning two days, targeted dwellings occupied by labourers. GHB plans a housing scheme on the cleared land, having sought VMC's help due to their limited resources for encroachment removal. Residents were previously asked to vacate.

Gurugram: Illegal colonies razed near KMP Expressway in DTCP crackdown

ET Realty Infrastructure
12th Dec, 2025

The Department of Town and Country Planning (DTCP) in Gurugram conducted a demolition drive targeting major unauthorized colonies near the KMP Expressway. Officials razed two illegal colonies spanning 6 acres and 2.3 acres, including structures and internal roads, to curb unplanned settlements. This action aims to deter illegal plotting and construction in the rapidly developing KMP zone.

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.

Residents accuse Ahmedabad civic body of delay in action against illegal building in society

ET Realty Residential
11th Dec, 2025

Residents of Adhikar Co-operative Housing Society in Sabarmati have complained to the Ahmedabad Municipal Corporation about an illegal five-storey building. The structure, intended for paying-guest accommodation, was built without approvals. Despite repeated complaints over 18 months and AMC issuing notices and sealing the site, construction continued. Residents allege builder influence is causing the inaction. The building is now complete.

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.

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.

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.

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.

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.

About 7,000 returnable plots in Amaravati yet to be registered: Andhra Pradesh municipal minister

ET Realty Residential
10th Dec, 2025

Ongoing efforts are being made to register returnable plots for farmers in Amaravati, with Minister P Narayana revealing that 7,000 plots have not yet been registered. However, the government is committed to facilitating these registrations and promises to have infrastructure in place within two years.

Telangana looks at PPP model for providing affordable housing

ET Realty Residential
10th Dec, 2025

Telangana aims to provide every family with a decent home by 2047, with a new housing policy focusing on economic viability, environmental responsibility, and technology. Experts urge a return to smaller, low-cost homes and development beyond the Outer Ring Road to address a significant housing shortage. Developers call for regulatory adjustments and government support to make affordable housing a reality.

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.

Ranchi civic body to enforce strict regulations on commercial activities

ET Realty Commercial
10th Dec, 2025

In an effort to bolster city revenues and regulate commercial activities, Ranchi Municipal Corporation is intensifying its scrutiny of city advertising displays. A comprehensive review of all hoardings is underway, and those failing to meet regulations will face penalties.

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.

About 10 hotels, resorts near Alwar’s Siliserh Lake sealed

ET Realty Hospitality
6th Dec, 2025

Alwar Urban Improvement Trust (UIT) sealed 10 hotels and resorts operating without permission and land conversion in the Siliserh Lake area. Bulldozers demolished encroachments as the anti-encroachment squad, accompanied by police, took action against illegal constructions after issuing notices. Criminal cases will be filed if seals are removed.

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.

Smartworks leases 1.68 lakh sq ft in Kolkata; 91Springboard adds over one lakh sq ft in Bengaluru & Chennai

ET Realty Commercial
4th Dec, 2025

Smartworks Coworking Spaces has secured a 1.68 lakh sq ft in Kolkata for a global IT firm, which will operate across two distinct campuses. Concurrently, 91Springboard has launched two hubs in Bengaluru and Chennai, accommodating a total of 2,500 seats, with plans for them to be operational by February 2026.

JPMorgan Chase leases 1.76 lakh sq ft office space in Hyderabad

ET Realty Commercial
4th Dec, 2025

JPMorgan Chase has sub-leased a significant 176,000 sq ft facility in Hyderabad, marking one of the largest financial services deals in the city this year. This expansion underscores the company's growing investment in India's global capability center ecosystem and its commitment to supporting global operations through its Indian hubs.

Sonu Nigam lease out commercial unit for ₹19 lakh per month in Mumbai

ET Realty Commercial
4th Dec, 2025

Singer Sonu Nigam has leased a commercial space in Mumbai's Trade Centre BKC. The monthly rent is ₹19 lakh for the first year. The lease agreement spans five years. The total rental cost over five years is ₹12.62 crore. This deal was registered in December 2025.

Cheaper fitout costs keep office leasing on growth path

ET Realty Commercial
4th Dec, 2025

India's office leasing is breaking records. This is due to lower costs for office rentals and fitouts. Global companies are choosing India to expand. They are creating modern workplaces focused on employee well-being and technology. This trend is expected to continue, boosting the office fitout market. India's affordability and evolving workplace designs are key factors.

Embassy REIT to invest Rs 3,700 crore to develop 7.2 million sq ft office space: CEO

ET Realty Commercial
3rd Dec, 2025

Amit Shetty, CEO, Embassy Office Parks REIT outlines how the company is gearing up for its next growth cycle with a ₹3,700 crore development pipeline, while maintaining a 51 million sq ft portfolio with 93% value occupancy and strong leasing metrics.

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.

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.

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.

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.

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