Real Estate News

Delay in SNA account creation may stall construction of 9.16 lakh PMAY-G houses in Bihar

ET Realty Residential
17th Feb, 2026

Bihar's Rural Development Department faces a significant hurdle in constructing over 9.16 lakh houses under the Pradhan Mantri Awaas Yojana (Gramin) this financial year. The delay stems from the Finance Department's failure to create a Single Nodal Agency (SNA) account, hindering timely fund disbursal to beneficiaries.

Varanasi development body pushes group housing projects; nod to 474 layouts

ET Realty Residential
17th Feb, 2026

Varanasi Development Authority's efforts to encourage planned colony development have led to the sanctioning of over 474 layouts. However, a significant concern has emerged as 73 group housing projects, completed before 2020 and occupied by residents, have failed to obtain completion certificates, raising safety and legal uncertainties.

Gurugram: Two farmhouses on 26 acres in the Raisina hill area in Aravalis razed

ET Realty Residential
17th Feb, 2026

Forest officials demolished a concrete wall and two farmhouses in Gurugram's protected Aravali landscape after discovering fresh construction. The action, spanning 26 acres, followed inspections revealing unauthorized concretisation and use of earthmovers, violating the Aravali Notification of 1992.

Residents of new sectors in Gurugram protest against C&D waste plants

ET Realty Infrastructure
17th Feb, 2026

Residents of new sectors along Dwarka Expressway are protesting against the proposed establishment of two construction and demolition (C&D) waste processing plants in sectors 103 and 106. They argue the locations violate planning norms and pose health risks, demanding relocation away from housing clusters. Fencing has already begun at one site, escalating resident concerns.

Indore: 16 houses to be removed next week for underground metro station

ET Realty Infrastructure
17th Feb, 2026

Sixteen houses in Indore's Piliyakhal will be demolished for a Metro station, displacing 28 families. Residents, holding leases under Rajiv Gandhi Ashray Mission, are being offered flats in Rangwasa. They demand individual flats for all 28 families and express concerns about commuting and children's education.

Bhopal: Lakeview Residency to be razed & rebuilt as five-star hotel

ET Realty Hospitality
17th Feb, 2026

A consortium including Genex Hotels, Dilip Buildcon, and IHCL will redevelop the MPT Lake View Residency Hotel. The project aims to create a minimum 5-star property with a convention center. This development is expected to significantly boost Bhopal's tourism and its standing as a MICE destination.

Mumbai's office space costs surged by 8% in Q4 2025

ET Realty Commercial
17th Feb, 2026

Mumbai's net effective office costs surged by 8.0% in Q4 2025, the highest globally, driven by limited supply and strong demand for Grade A spaces. Delhi also saw prime office cost increases, mirroring sustained occupier interest. Globally, prime office costs rose 1.1% quarterly and 5.1% annually, with India outperforming the global average.

Lead-to-buy cycle shrinks to 26 days in 2025; ₹2-3 crore homes sell fastest in 15 days

ET Realty Residential
16th Feb, 2026

Despite a 14% dip in housing sales across top cities in 2025, the average time to convert a lead into a booking significantly shortened to 26 days. This improvement was primarily driven by quicker decision-making in higher ticket-size segments, particularly homes priced between ₹2 crore and ₹3 crore, which saw a conversion time of just 15 days.

Premium housing drives 50% of sales as affordable segment shrinks 17% in 2025: Report

ET Realty Residential
16th Feb, 2026

India's housing market shifted towards expensive homes in 2025. Homes over one crore rupees made up half of all sales. Demand for cheaper homes fell significantly. Developers also launched fewer affordable housing projects. This indicates a major change in what buyers want and where builders focus their efforts.

Chamarajanagar drafts plan to declare 67 revenue villages

ET Realty Infrastructure
16th Feb, 2026

Chamarajanagar district is set to declare 67 more villages as revenue villages, a move that will bring development and government facilities to these settlements. This declaration will enable residents to obtain official property records, access loans, and receive other essential government benefits previously unavailable to them.

Illegal colonies, site office razed in DTCP drive in Gurugram

ET Realty Infrastructure
16th Feb, 2026

Gurugram's town planning enforcement wing conducted demolition drives on February 11 and 13, targeting unauthorized colonies and illegal structures in Sadhrana, Bohra Kalan, Jamalpur, and Sector 89. Foundation-level construction, boundary walls, and internal roads were razed to curb unplanned development and protect homebuyers from fraudulent deals.

Five listed REITs distribute over ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26

ET Realty Commercial
16th Feb, 2026

India's five listed REITs distributed over ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26. These REITs manage a vast portfolio of prime office and retail spaces, having cumulatively distributed over ₹29,100 crore since their listings. The sector's growth is bolstered by strong leasing and occupancy, with policy proposals aiming to further enhance capital access and market depth.

WeWork India leases 90,000 sq ft in Gurugram

ET Realty Commercial
16th Feb, 2026

WeWork India has launched a new 90,000 sq ft co-working space at Atrium Place in Gurugram's Udyog Vihar, adding over 1,200 desks to its NCR portfolio. This expansion, in partnership with DLF, marks WeWork India's 15th center in the region and contributes to a significant increase in enterprise desks.

Sai Ishwari homebuyers in Mapusa file cheating complaint against two developers

ET Realty Residential
15th Feb, 2026

Nine homebuyers have filed a cheating complaint against two real estate developers in Mapusa, Goa, for failing to deliver flats booked nearly a decade ago. Despite full payment for the 'Sai Ishwari' project, buyers allege false assurances and significant mental and financial distress. They also seek a probe into the cooperative credit society's loan sanction for the mortgaged project.

Centre approves 11.56 km metro extension from Noida sector 142 to Botanical Garden

ET Realty Infrastructure
15th Feb, 2026

The Aqua Line Metro will extend from Botanical Garden to Noida Sector 142. This new 11.56 km stretch will add eight stations. The project is sanctioned at Rs 2,254.35 crore and aims for completion in four years. This extension will boost connectivity between Noida, Greater Noida, and Delhi. It will also improve access to IGI Airport and major railway stations.

Single women struggle to find rental homes in Chennai

ET Realty Residential
14th Feb, 2026

Women renters in Chennai encounter moral scrutiny and broker harassment. Despite market shifts and proptech solutions, many face restrictive rules. Data shows a rise in women seeking rentals, preferring safer, managed communities. These areas command higher rents. Shared living in larger apartments is also becoming popular among women.

Maharashtra government approves PMC as planning authority for 23 merged areas

ET Realty Infrastructure
14th Feb, 2026

Pune Municipal Corporation has been officially designated as the planning authority for 23 merged areas, ending a period of dual control. This long-awaited decision by the state government resolves confusion over building permits and development plans. PMC will now be solely responsible for preparing a new development plan and overseeing all civic upgrades in these areas.

Mysuru civic body launches work to set up construction and demolition plant

ET Realty Infrastructure
14th Feb, 2026

Mysuru City Corporation has started work on a new construction and demolition waste processing plant. This facility will help the city improve its cleanliness ranking. Teams from the Union ministry will visit soon to assess the plant's readiness. The plant will process 100 tonnes of waste daily. Recycled materials will be used for road construction and other projects.

Pune civic body imposes fine on developer for dumping debris on riverbed

ET Realty Infrastructure
14th Feb, 2026

Pune Municipal Corporation fined a private developer Rs 10 lakh for dumping trash on a riverbed and ordered a probe into illegal waste disposal. The civic body plans to establish 10 guarded centers for scientific waste management and will file criminal offenses against those responsible for the dumping.

Maharashtra orders draft structure plan for Pune metropolitan region

ET Realty Infrastructure
14th Feb, 2026

The state government has directed the PMRDA to immediately begin preparing a draft structure plan for the Pune metropolitan region. This plan will provide a broad framework for future infrastructure development, mobility networks, and environmental protection, replacing the previously withdrawn draft development plan. The directive follows amendments to the MRTP Act, introducing the structure plan mechanism.

RBI plans to allow banks to lend to REITs from July 1; sets 10% exposure cap

ET Realty Commercial
14th Feb, 2026

The Reserve Bank of India is proposing new rules for banks lending to Real Estate Investment Trusts. These directions, set to begin in July 2026, include limits on how much banks can lend. Banks will need board approval and REITs must meet certain operational and financial criteria. This move aims to broaden financing options for the real estate sector.

Mega e-auction for commercial plots across Uttar Pradesh

ET Realty Commercial
14th Feb, 2026

Uttar Pradesh State Industrial Development Authority is holding a major e-auction for industrial and commercial plots. This initiative aims to accelerate industrial growth across the state. Investors can bid for plots in various locations. The transparent online process offers opportunities for businesses. This move supports the vision of a USD 1 trillion economy for Uttar Pradesh.

Civic body kicks-off e-auction to rent out 100 commercial properties in Chandigarh

ET Realty Commercial
14th Feb, 2026

Chandigarh municipal corporation is set to rent out over 100 commercial properties through e-auctions. This includes booths in Sector 17 and Mauli Jagran, along with the Smart City office building and seven nurseries. Base rents vary significantly, with some underpass booth prices reduced to attract bidders.

Trichy’s luxury flat boom finds ready buyers

ET Realty Residential
13th Feb, 2026

Trichy's real estate market is experiencing a boom, with premium flat prices soaring to over Rs 1.5 crore, surpassing some Chennai areas. This surge is attributed to infrastructure development and increased demand for larger, amenity-rich homes. Developers anticipate further growth with upcoming tech parks and hospitals.

Bhubaneswar: Residents accuse developer of encroaching upon common road

ET Realty Residential
13th Feb, 2026

Residents of a GGP Colony housing project are accusing their developer of encroaching on common roads for a new project, causing safety hazards. They also claim the developer has occupied common areas within their complex for unauthorized commercial use. Despite multiple complaints and favorable rulings from authorities, residents express deep disappointment over the government's inaction.

DDA issues notice to re-acquire 123 disputed land plots in South Delhi

ET Realty Infrastructure
13th Feb, 2026

The Delhi Development Authority (DDA) will re-acquire 123 land parcels in South Delhi villages following Supreme Court directives. This move aims to prevent unsuspecting buyers from purchasing plots embroiled in legal disputes. The DDA has uploaded details of these parcels, originally acquired in the 1980s, on its website and cautions against any transactions.

Experion Developers to invest ₹1,500 crore to develop residential project in Noida

ET Realty Residential
12th Feb, 2026

Experion Developers is set to invest ₹1,500 crore in a new residential project named SAATORI in Noida's Sector 151. The project will span five acres and feature three towers, with one dedicated to 4BHK residences. Singapore and Plandscape Bangkok are the architectural and landscape consultants respectively.

Exotica Housing to invest ₹500 crore to develop Noida project

ET Realty Commercial
12th Feb, 2026

Exotica Housing will invest ₹500 crore in its new IT and ITES project, Exotica One32, in Noida's Sector 132. The project spans five acres with two 27-floor towers offering office spaces from 1,000 to 3,000 sq ft. Integrated retail spaces are also part of the development. Phase-I possession is expected by January 2030.

DevX inks record coworking deal, takes 27-storey Ahmedabad office tower

ET Realty Commercial
12th Feb, 2026

Dev Accelerator has secured a massive 27-storey office tower in Ahmedabad. This deal, valued at over Rs 850 crore, is the largest coworking transaction in India. The agreement is structured as a development management deal. The project is currently under construction and will be ready in about 2.5 to three years.

Gujarat: Stalled WTC project to be given to allottees’ body for completion

ET Realty Commercial
12th Feb, 2026

Gujarat's chief secretary-led committee will hand over the stalled World Trade Center project in GIFT City to its allottees. This unprecedented move aims to complete Towers B and C after the original promoter's arrest. Allottees are forming associations to fund and manage the construction. The state government will facilitate this process, ensuring buyers get possession of their units.

Indiqube Spaces posts net loss of ₹17.06 crore in Q3 FY26

ET Realty Commercial
11th Feb, 2026

Indiqube Spaces recorded a net loss of ₹17.06 crore for the quarter ending December 31, 2025. Total income reached ₹411.09 crore. The company saw improved debt to equity ratio and ROCE. Area under management and seat capacity grew significantly.

The Leela Palaces takes over Centaur Hotels in Srinagar

ET Realty Hospitality
10th Feb, 2026

The Centaur Srinagar, one of the last two Centaur Hotels, has been taken over by The Leela Palaces, Hotels and Resorts for a 60-year lease. Leela is investing Rs 300 crore in a major renovation, aiming to reopen the property with 170 larger rooms and branded houseboats by the end of next year.

About 90 hotels in Lucknow don’t have fire safety NOC: Fire department

ET Realty Hospitality
8th Feb, 2026

Nearly 90 hotels in Lucknow are operating without mandatory fire safety no-objection certificates (NOCs). Following a recent hotel fire, the fire department is set to begin enforcement action, with compliance checks starting Monday. Hotels failing to meet safety norms face potential sealing, fines, or closure.

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.

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.

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.

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.

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.

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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