Real Estate News

Two years on, club in Gurugram’s Malibu Towne shut, residents seek reopening

ET Realty Residential
7th Feb, 2026

Malibu Towne residents are urging the DTCP to de-seal the country club, shut for two years due to compliance issues. The developer has rectified deficiencies and renewed the township license, with an occupation certificate application pending. Reopening the club will restore vital community and recreational spaces for over 10,000 residents.

Puducherry government implementing housing subsidy scheme to ensure concrete structures for poor: CM

ET Realty Residential
7th Feb, 2026

Puducherry Chief Minister N Rangasamy is implementing a housing scheme to replace huts with concrete homes for the poor. Enhanced pensions are being provided to the elderly and destitute. The Union Territory aims to become hut-free soon.

Delhi slum dwellers await improved housing, public amenities as government looks to revamp 18,000 flats

ET Realty Residential
7th Feb, 2026

Residents of Delhi's JJ clusters will soon see improved living conditions. The Delhi government, with NBCC, plans to refurbish 18,000 flats. This initiative aims to address long-standing issues and enhance the quality of life for thousands of families.

Land acquisition for Gurugram metro picks up

ET Realty Infrastructure
7th Feb, 2026

The land acquisition process for the Gurgaon Metro project has accelerated with the first Land Purchase Committee meeting. The committee, chaired by the deputy commissioner, reviewed land requirements and prioritized ownership verification for corridor-1. Notifications for both corridors are expected soon, with compensation based on higher norms as per the new policy.

In two weeks, Greater Noida seals 100 illegal flats, frees over 54,000 sq metres on Hindon floodplains

ET Realty Infrastructure
7th Feb, 2026

Greater Noida Industrial Development Authority has reclaimed over 54,000 sqm of encroached land in five villages, demolishing illegal structures and sealing eight residential towers. This enforcement drive, targeting environmentally sensitive areas along the Hindon floodplain, aims to curb unauthorized construction and protect restricted zones. Action continues against illegal plotting and construction without proper approvals.

Standard Chartered Bank sells office in Mumbai’s BKC for ₹197 crore

ET Realty Commercial
7th Feb, 2026

Standard Chartered Bank has sold a commercial property in Mumbai's Bandra Kurla Complex. Advanced Realty acquired the office space for Rs 197 crore. The transaction highlights a trend of corporates rebalancing their real estate portfolios. This move allows for capital unlocking and a shift towards asset-light strategies. BKC remains a prime office location.

YEIDA reclaims 62 acres in Mathura demolition drives

ET Realty Infrastructure
6th Feb, 2026

The Yamuna Authority reclaimed approximately 62 acres of encroached land valued at Rs 1,000 crore in Mathura district, targeting illegal hotels and eateries within Heritage City project limits. This action follows a separate drive that cleared 25 acres worth Rs 400 crore. These efforts aim to combat land mafias active in the region.

Hyderabad office market to add 18–19 million sq ft supply by FY27: ICRA

ET Realty Commercial
6th Feb, 2026

Hyderabad's office market anticipates substantial new grade-A supply by FY2027. Occupancy levels are projected to remain strong, supported by consistent demand from IT-BPM and BFSI sectors. Rental growth is expected to be gradual, with key micro-markets like Hitec City seeing tighter vacancy.

Angel investor Radha Tanti buys ₹123-crore apartment in Mumbai’s Worli

ET Realty Residential
5th Feb, 2026

Angel investor Radha Tanti has purchased a luxury apartment in Mumbai's Worli for Rs 123.5 crore. The 6,772 sq ft residence is located on the 44th floor of the Artesia tower. This high-value transaction highlights the continued strength of Mumbai's luxury housing market, driven by limited supply and strong buyer demand.

MHADA to redevelop four unsafe buildings at Sion Pratiksha Nagar, Mumbai

ET Realty Residential
5th Feb, 2026

MHADA has greenlit the redevelopment of four precarious transit buildings in Sion Pratikshanagar, directly impacting 261 families and four business owners. The new project will bring forth two modern buildings equipped with 322 transit tenements, poised to uplift living conditions.

Implement OTS scheme for disposal of pending housing allotment cases: Uttar Pradesh CM

ET Realty Residential
5th Feb, 2026

Uttar Pradesh Chief Minister Yogi Adityanath has ordered the launch of a new One Time Settlement scheme, OTS-2026. This initiative aims to quickly resolve old disputes and pending cases related to residential and commercial property allotments. The government plans to offer incentives and publicize the scheme to encourage participation.

Glada razes three illegal colonies in Ludhiana’s Manakwal, Mehmoodpura areas

ET Realty Infrastructure
5th Feb, 2026

Greater Ludhiana Area Development Authority (Glada) demolished three unauthorized colonies in Manakwal and Mehmoodpura, enforcing a zero-tolerance policy against urban sprawl. Developers ignored legal notices, leading to the action. Glada warned the public against investing in such high-risk zones, stating no basic amenities will be provided.

HYDRAA reclaims park land, seals two five-storied buildings in Hyderabad

ET Realty Infrastructure
5th Feb, 2026

Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has reclaimed a 2,100 square yard park site in Meerpet and sealed two illegal five-storey buildings in Manikonda. These actions were taken following resident complaints about encroachments and constructions on public utility land, some using forged documents.

Knowledge Realty Trust's net operating income up 19% in Q3 FY26

ET Realty Commercial
5th Feb, 2026

Knowledge Realty Trust's net operating income grew 19% year-on-year to ₹10,407 million for the quarter ending December 31, 2025. Revenue increased 21% to ₹11,787 million. The company declared distributions of ₹6,953 million.

DTCP bars sale, lease, conveyance deeds for commercial colony in Gurugram

ET Realty Commercial
5th Feb, 2026

The Department of Town and Country Planning (DTCP) has halted property registrations for a commercial colony in Sector 53, Gurugram, due to expired and unrenewed licence conditions. Licence holders Arenas Infotech Pvt. Ltd. and Senior Builders Pvt. Ltd. failed to renew their licence, leading to unpaid dues of approximately Rs 87.6 lakh.

Nexus Select Trust raises ₹7 billion via 10-year sustainability-linked bond

ET Realty Retail
4th Feb, 2026

Nexus Select Trust has secured ₹7 billion from a 10-year sustainability-linked bond issuance. The International Finance Corporation is the anchor investor. This issuance will help refinance existing debt, leading to significant interest savings. The bonds are linked to ambitious sustainability targets, including net-zero emissions by 2030.

Nashik: NMC sets March 10 deadline for property taxpayers to file objections to assessment details

ET Realty Residential
4th Feb, 2026

Nashik Municipal Corporation (NMC) has set a March 10 deadline for property taxpayers to register objections regarding their property tax assessments. Property owners are urged to verify details in the 'property registers' available at divisional offices. Unresolved objections will result in the current registry details being retained, and all tax dues must be cleared before filing.

Chandigarh administration amends paying guest policy

ET Realty Residential
4th Feb, 2026

Chandigarh's PG policy now mandates completion certificates for registration, ending conditional approvals. Residential properties must be sanctioned and free of unauthorized construction post-certificate. Occupation certificates are now a requirement, with no grace period for pending documents.

Rivers, groundwater under threat as STPs in societies fall into disuse in Pune & Pimpri Chinchwad

ET Realty Infrastructure
4th Feb, 2026

Rivers in Pune and Pimpri Chinchwad face severe pollution from untreated sewage. Inefficient sewage treatment plants are a major cause. A Bombay High Court order mandates occupancy certificates only for buildings with functional STPs. This issue impacts public health, as seen in past outbreaks. Authorities are urged to ensure accountability from builders, societies, and civic bodies to protect water sources.

YEIDA razes illegal colony, clears 25 acres land near Noida international airport

ET Realty Infrastructure
4th Feb, 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has reclaimed 25 acres of land, valued at Rs 400 crore, from encroachers developing unauthorized housing projects near the upcoming airport. This action, which included demolishing illegal colonies and clearing roads, is part of a broader crackdown on land mafia exploiting the airport's development.

Mumbai: Meghwadi chawl residents allege coercion amid redevelopment push

ET Realty Residential
3rd Feb, 2026

Families living in the 150-year-old Meghwadi chawl say eviction notices under the Dharavi Redevelopment Plan have triggered harassment and political pressure

Mohali: Illegal buildings around Sukhna lake pulled down

ET Realty Infrastructure
3rd Feb, 2026

Mohali district administration conducted an anti-encroachment drive in Naya Gaon, targeting unauthorized constructions in the Kansal catchment area of Sukhna Lake. The operation, in compliance with high court directions, focused on structures violating court orders and land use norms, some of which obstructed natural drainage channels.

About 140 construction sites in Ahmedabad being monitored for air pollution

ET Realty Infrastructure
3rd Feb, 2026

Ahmedabad Municipal Corporation is enhancing air quality for the 2030 Commonwealth Games, focusing on construction site pollution. Mandatory dust sensors, display boards, and CCTV cameras are installed at large sites, with significant penalties collected for violations. The civic body has also deployed mist machines and mechanical sweepers to combat pollution at identified hotspots.

Just 15% of large construction sites in Gurugram comply with dust-control rules

ET Realty Infrastructure
3rd Feb, 2026

Gurugram faces a significant compliance gap as only 15% of large construction projects are adhering to mandatory air quality monitoring norms. Despite a web portal and strict directives from the Commission for Air Quality Management (CAQM), a vast majority of sites remain unregistered, contributing to the city's pollution.

India to host over 2,400 GCCs by 2030, market size to hit $110 billion: Report

ET Realty Commercial
3rd Feb, 2026

By 2030, over 2,400 GCCs are expected in India, employing 2.8 million professionals. The market size will reach $105-110 billion. GCCs are the primary driver of office leasing in major cities. Bengaluru leads, with tier-II cities also emerging as growth hubs.

CapitaLand India Trust raises ₹915 crore via maiden onshore bond; eyes 50% debt onshoring

ET Realty Commercial
3rd Feb, 2026

CapitaLand India Trust has raised ₹915 crore in its first onshore bond issuance. This move aims to boost unit distributions and increase its India loan book to 40-50%. The company is expanding its office and data center portfolios. Upcoming projects include a new office space in Bengaluru and redevelopment in Hyderabad.

Nexus Select Trust declares ₹359 crore distribution to unitholders for Q3 FY26

ET Realty Retail
2nd Feb, 2026

Nexus Select Trust will distribute Rs 358.60 crore to its unitholders for the quarter ending December 2025. The real estate investment trust reported a consolidated net profit of Rs 139.40 crore for the October-December period. Total income also rose to Rs 691.93 crore.

MHADA to sell 120 unsold flats in Mumbai on first-come-first-served basis from February 5

ET Realty Residential
2nd Feb, 2026

Mumbai Housing and Area Development Board, MHADA, will sell 120 unsold residential flats. These units are available on a first-come-first-served basis. Online registrations open on February 5, 2026. Flat selection and payment processes begin February 12, 2026.

Awfis Space Solutions' net profit up 42.72% in Q3 FY26

ET Realty Commercial
2nd Feb, 2026

Awfis Space Solutions' net consolidated profit surged by 42.72 percent in the quarter ending December 31, 2025. Total income also saw a significant rise. The companyexpanded its network by adding ten new centers.

Villagers protest against construction of resorts, luxury villas in Bittangala

ET Realty Hospitality
30th Jan, 2026

Villagers in Bittangala, Virajpet, are protesting a resort and luxury villa project, deeming it illegal and a threat to their landslide-prone community. Environmentalists and activists claim authorities granted permissions in violation of rules and a high court order. They warn of potential destruction and urge local MLAs to intervene.

Apple expands Hyderabad office footprint to 6.3 lakh sq ft at Xander’s WaveRock Campus

ET Realty Commercial
30th Jan, 2026

Apple India has expanded its presence at Hyderabad's WaveRock IT campus, leasing an additional 65,168 square feet. This brings the tech giant's total footprint at the Xander-owned property to nearly 6.3 lakh square feet, solidifying its position as a major tenant. The new lease, for a five-year term, underscores Hyderabad's growing importance as a hub for global capability centers.

India’s REIT-ready office stock crosses 415 million sq ft: Economic Survey

ET Realty Commercial
30th Jan, 2026

India's commercial real estate is seeing deeper institutionalisation. Over 415 million sq ft of office space is REIT-eligible. Small and medium REITs are emerging as a new investment avenue. REITs continue to operate under a tax pass-through framework.

WeWork India to add 3,300 desks in Hyderabad; plans ₹100 crore investment

ET Realty Commercial
30th Jan, 2026

WeWork India will add 2,50,348 sq ft of space, in Hyderabad creating approximately 3,300 new desks. This expansion is expected to be operational by June 2026. The investment for this growth is around ₹100 crore.

The Phoenix Mills' profit rises 4% to ₹276 crore in Q3 FY26

ET Realty Retail
29th Jan, 2026

Phoenix Mills reported a 4 percent increase in its consolidated net profit for the third quarter of the current fiscal year, reaching Rs 275.79 crore. This marks an improvement from the Rs 264.76 crore profit recorded in the same period last year.

Found three illegal borewells at Lalit hotel, sealed one of them, NDMC tells NGT

ET Realty Hospitality
28th Jan, 2026

New Delhi Municipal Council informed the National Green Tribunal about sealing one of three illegal borewells at The Lalit hotel. The hotel has applied for permission for the remaining two, with environmental compensation to be assessed. The tribunal is hearing a plea regarding illegal groundwater extraction by hotels.

Lucknow civic body to bring proposal to hike licence fee for hotels, commercial units

ET Realty Hospitality
26th Jan, 2026

The Lucknow Municipal Corporation is set to propose a significant hike in licence fees for hotels, restaurants, nursing homes, and commercial units, with increases potentially reaching five times the current rates. This revision, aimed at enhancing revenue and ensuring compliance, will be presented for approval on January 27 and is slated for enforcement from April 1, 2026.

Pride Hotels gets Sebi nod to raise ₹1,000 crore via IPO

ET Realty Hospitality
24th Jan, 2026

Pride Hotels has received the green light from Sebi for its upcoming Initial Public Offering, aiming to raise Rs 1,000 crore. This influx of funds will be used to revamp existing hotels, settling debts, and catering to corporate endeavors.

NGT orders probe into ‘illegal resorts, hotels’ in Pilibhit Tiger Reserve

ET Realty Hospitality
22nd Jan, 2026

The National Green Tribunal has formed a committee to investigate alleged illegal construction of resorts and hotels near the Pilibhit Tiger Reserve. This action follows concerns about environmental damage and increased human-wildlife conflict. The committee will inspect sites and report findings to the NGT. The NGT's next hearing is scheduled for April 9.

Homestay benefits in Uttarakhand reserved for locals after misuse of scheme flagged

ET Realty Hospitality
17th Jan, 2026

Uttarakhand's cabinet has decided to restrict homestay scheme benefits exclusively to state residents to promote local investment and revenue. This move aims to prevent non-residents from availing subsidies and ensure the scheme's original purpose of strengthening hill economies is met. The state will now focus on ensuring benefits reach deserving locals, fostering authentic cultural experiences for visitors.

Unity Mall project not in wetland zone, has all clearances: Goa goverment

ET Realty Retail
14th Jan, 2026

In an encouraging update for the Unity Mall project in Chimbel, Goa’s government has confirmed that it is moving forward with all necessary approvals. Tourism Minister Rohan Khaunte reassured legislators that the project site is clear of any designated wetland conservation zones.

Omaxe to invest ₹500 crore to develop mixed-use Omaxe Chowk project in Ludhiana

ET Realty Retail
13th Jan, 2026

Omaxe is investing ₹500 crore in Omaxe Chowk, a new mixed-use project in Ludhiana. This development will offer convenient walk-to-shop options. The project is set to be delivered by June 2030.

Delhi: ITC Hotels gets land allotment on lease basis at Yashobhoomi in Dwarka

ET Realty Hospitality
10th Jan, 2026

ITC Hotels will develop a new five-star hotel at Yashobhoomi in Dwarka. The company has leased land for 91 years and will pay a premium of Rs 326.50 crore. This new property will offer hospitality and banqueting facilities.

Lemon Tree rejigs group structure; Warburg Pincus to invest up to ₹960 crore in Fleur Hotels

ET Realty Hospitality
10th Jan, 2026

Lemon Tree Hotels is restructuring into two focused businesses. One will manage hotels, the other will own and develop them. Warburg Pincus is investing significantly in the ownership arm, Fleur Hotels. Fleur Hotels will be listed separately. The entire process is expected to conclude within 12 to 15 months.

Chimbel villagers harden stance against Unity Mall, to continue protest till govt scraps project

ET Realty Retail
5th Jan, 2026

Chimbel villagers are intensifying their agitation against the Unity Mall and Prashaasan Stambh projects, vowing to continue their hunger strike until the government scraps them. Political leaders and activists have voiced strong opposition, alleging corruption and environmental degradation, and urging the public to resist the projects.

Retail leasing to hit nine million sq ft in 2025 on mall-led recovery: Cushman & Wakefield

ET Realty Retail
31st Dec, 2025

India’s retail real estate market is set to record its highest post-pandemic leasing at about nine million sq ft in 2025, driven by a strong year-end surge as new Grade A mall supply becomes operational. Improved availability of quality space has unlocked pent-up demand, while a robust supply pipeline is expected to push retail leasing further in 2026.

India’s retail real estate to attract $3.5 billion investments over next three years

ET Realty Retail
30th Dec, 2025

The future of India's retail real estate looks promising, with an estimated $3.5 billion in investments expected in the coming three years. As challenges mount for shopping centers in the West, international investors are turning their eyes to India.

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.

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.

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.

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