Real Estate News

Odisha housing department urges ULBs to hasten verification of PMAY 2.0 applications

ET Realty Residential
1st Jul, 2025

Satish Chandra Singh, joint secretary of the Odisha Urban Housing Mission, expressed displeasure over the slow progress of the verification process and asked them to expedite the process while generating awareness among beneficiaries.

Over three lakh clear house tax in Q1 FY26 in Lucknow

ET Realty Residential
1st Jul, 2025

The LMC offered a 10% rebate on house tax payments made through online mode until June 30, 2025. With this deadline now over, a revised rebate structure comes into effect from July 1.

Draft rules for cooperative housing societies likely to be notified in two weeks: Maharashtra government

ET Realty Residential
1st Jul, 2025

The proposed changes aim to reduce conflict, simplify redevelopment, and bring more transparency to society operations across the state, said officials.

Manimajra housing plan, new ad sites get Chandigarh civic body's approval

ET Realty Residential
1st Jul, 2025

Chandigarh civic authority will now send the minutes of the meeting to the Chandigarh administration, and after its approval, MC will set the ball rolling for the project.

People’s Education Society buys two Bengaluru properties for ₹110 crore

ET Realty Residential
1st Jul, 2025

People’s Education Society (PES) has invested Rs 110 crore in Bengaluru's Sadashivanagar, acquiring two independent homes, signaling strong demand for high-value properties. These transactions, along with other recent high-end real estate deals, highlight the enduring appeal of prime locations to institutions and high-net-worth individuals. The increasing number of millionaires in India further fuels this demand for exclusive properties.

Noida administration imposes fine on Kendriya Vihar for failing to register lifts

ET Realty Infrastructure
1st Jul, 2025

According to Ramesh Chaudhary, assistant director, electrical safety, 30 other societies have been identified across the district where lifts are yet to be registered.

Gurugram: Four illegal houses off Golf Course Road demolished, two buildings sealed

ET Realty Infrastructure
1st Jul, 2025

Officials from DTCP said the enforcement team demolished four houses that were being built in violation of approved layout plans. These structures, according to officials, were raised without obtaining the mandatory approvals and clearances.

Andhra Pradesh government will build permanent homes for poor: Housing minister

ET Realty Residential
30th Jun, 2025

Parthasarathy reviewed the current situation in the layouts and addressed meetings held within the layouts. He emphasized that the previous govt's lack of proper planning had caused problems and that the current govt would rectify those shortcomings and construct quality houses for the poor.

Over 3,000 residents get e-khata at Bengaluru mega mela

ET Realty Residential
30th Jun, 2025

Bengaluru development minister DK Shivakumar inaugurated the door-to-door distribution drive by handing over draft e-khatas to local households.

Residents of Abhay Khand in Ghaziabad demand solutions for civic issues

ET Realty Infrastructure
30th Jun, 2025

GDA flats are part of the larger Indirapuram Yojna developed by the Ghaziabad Development Authority (GDA) with numerous residential units. Abhay Khand is a popular residential area within Indirapuram, known for its 2 BHK apartments.

Fifty farmhouses, walls built in protected Aravalis to face bulldozers this week

ET Realty Infrastructure
30th Jun, 2025

Fifty illegally built farmhouses — identified in a survey earlier this year — will be demolished, forest department officials said on Thursday.

Pasarwadi villagers get two acres to build new homes in Malin

ET Realty Infrastructure
30th Jun, 2025

This hamlet on the edge of a hill experienced soil cracks last year raising concerns about another landslide. Its residents were anxious after the one in 2014 claimed 151 lives.

Dharavi redevelopment project plans to house India’s next prime business district

ET Realty Commercial
30th Jun, 2025

Dharavi's redevelopment will feature a commercial business district. This aims to attract diverse companies. The district includes offices, retail spaces, and hotels. It will boost Dharavi's economy and fund the project. The project will rehabilitate residents and businesses. Integration with transport will enhance the commercial hub. This could transform Dharavi into a mixed-use urban precinct.

Colliers India eyes ₹1,100 crore order book in 2025 amid strong leasing pipeline, sectoral resilience

ET Realty Commercial
30th Jun, 2025

Sankey Prasad, chairman and managing director in an exclusive interview with ETRealty said that the company remains bullish on India's commercial real estate sector, citing strong fundamentals and continued demand despite global headwinds.

Delhi: Over 800 flats sold in just a month under Apna Ghar scheme

ET Realty Residential
29th Jun, 2025

According to officials, 150 flats were sold in Loknayakpuram and 50 in Siraspur. "The positive momentum of the scheme is particularly evident in Narela, where all 115 EWS flats in Sector A1 A4 were fully booked. Additionally, MIG flats in Loknayakpuram are almost sold out," said an official.

DDA to offer residential plots for auction in south Delhi area

ET Realty Residential
29th Jun, 2025

DDA has issued a notice inviting tenders to select an experienced agency for the demarcation, along with developing the surrounding roads and services such as stormwater drains and the laying of pipelines for sewerage and water supply, said an official.

Over 11,000 homes built by Ranchi civic body under PMAY-Urban in 10 years

ET Realty Residential
29th Jun, 2025

The event highlighted RMC's progress in providing dignified homes under the national "Housing for All" mission. In ten years, RMC has completed 11,052 houses out of a sanctioned target of 12,587, achieving an 88% completion rate.

Noida: FIR filed against Supertech Cape Town AOA over not-functional STP

ET Realty Infrastructure
29th Jun, 2025

RP Singh, general manager (Jal), Noida Authority, said that inspections were conducted at the society on Friday, and it was found that the STP was not working as per the prescribed standard.

Goa town planning department clears housing projects without assessing water access

ET Realty Infrastructure
29th Jun, 2025

Clearances for towering housing colonies and luxury resorts are handed out without consultation with the public works department (PWD) or the water resources department (WRD), the very bodies tasked with ensuring that the state’s citizens are not left parched.

Construction and demolition waste plant to be inaugurated soon in Ludhiana

ET Realty Infrastructure
28th Jun, 2025

The construction and demolition (C&D) waste plant set up in Dhandhari was initially conceived under the Smart City Mission but was taken up under the Swachh Bharat Mission due to increase in its cost and change in the structure.

Ghaziabad development body frees ₹800 crore land for Indirapuram Extension project

ET Realty Infrastructure
28th Jun, 2025

A GDA official said the land parcel will be clubbed with the Indirapuram Extension scheme — covering an area of 34 hectares — where the development authority is planning a new township.

Over 150 unsafe buildings identified in Ludhiana

ET Realty Infrastructure
28th Jun, 2025

According to the fresh survey, zone D has the maximum number of unsafe buildings, which is 55, whereas zone A, which comprises the old city, has 48 unsafe buildings. Zone B and zone C have 21 and 35 unsafe buildings, respectively.

JP Morgan leases office in Mumbai’s BKC in ₹1,000 crore rental deal

ET Realty Commercial
25th Jun, 2025

JP Morgan has leased over 116,210 sq ft in Sumitomo's BKC commercial tower for 10 years, potentially extending to 25. The deal, estimated at nearly ₹1,000 crore initially and exceeding ₹2,500 crore overall, marks a significant commitment in Mumbai's prime property market. This new office is expected to house JP Morgan’s India headquarters.

Hyderabad: Commercial plot in Gachibowli fetches ₹2.2 lakh per sq yard, goes for ₹33 crore

ET Realty Commercial
24th Jun, 2025

According to Telangana Housing Board (THB) commissioner VP Gautam, of the 11 plots auctioned, one commercial land parcel measuring 1,487 square yards in Gachibowli was sold at Rs 2.20 lakh per square yard, thereby fetching Rs 33 crore.

Shortage of grade-A office space turns a stumbling block for Hi-Tec City in Hyderabad

ET Realty Commercial
24th Jun, 2025

HITEC City houses Sattva Group’s Knowledge Park and Knowledge City, RMZ’s Nexity, Raheja Mindspace, and CapitaLand Park, in addition to standalone projects by Auro Realty and My Home Group, among others.

New bylaws not enough to regularise hotels in residential areas in Rajasthan

ET Realty Hospitality
23rd Jun, 2025

The industry stated that while complying with rules of not hosting weddings and running rooftop restaurants catering to the general public is easy, the 60-foot road width criterion will create a hurdle for most hotels built decades ago in the vicinity of railways, monuments, and bus stands.

Incuspaze acquires Pune's Trios to expand co-working business

ET Realty Commercial
23rd Jun, 2025

"In a 100 per cent acquisition with a cash and stock deal, the topline revenue will be up by 10-15 per cent, contributing towards Incuspaze's target of Rs 350-400 crore revenue for 2025-26," it added.

West Bengal plans four new IT parks

ET Realty Commercial
21st Jun, 2025

State IT and electronics minister Babul Supriyo said: "We are focusing on development of IT infrastructure in north Bengal in a big way.

Goa government loses ₹107 crore as TCP gives free FAR to 321 commercial units

ET Realty Commercial
21st Jun, 2025

The TCP department granted 10.7 lakh sqm additional FAR to 321 commercial establishments on their request without levying any fees, while the finance department had directed the TCP to charge Rs 1,000 per sqm on the additional FAR and height granted to the commercial establishments.

Cognizant to invest $183 million for to build new campus in Vishakapatanam

ET Realty Commercial
20th Jun, 2025

Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not immediately respond to a request for comment.

Innov8 sells 3% stake at ₹1,000 crore valuation to expand co-working business

ET Realty Commercial
20th Jun, 2025

Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added. Global travel tech platform OYO Group declined to comment.

Blackstone acquires South City Mall in Kolkata for ₹3,250 crore

ET Realty Retail
17th Jun, 2025

South City Mall was developed by South City Projects (Kolkata), a consortium of Merlin Group, Emami Group, Sachi Group, Surekha Group, JB Group and Rameswara Group and launched in January 2008.

Noida authority approves luxury hotels to boost business near airport

ET Realty Hospitality
15th Jun, 2025

Noida Authority board, in its meeting on Saturday, approved a proposal to allot land for five- and seven-star hotels, to serve the demand generated by the upcoming Noida International Airport and IT and industrial hubs.

West Bengal task force to form SOP to ensure fire safety at restaurants

ET Realty Retail
14th Jun, 2025

Task force members will meet at the KMC headquarters for the second time since its formation in June, said mayor Firhad Hakim, who is also a member of the task force.

Haryana CM hands over shop registries to 250 beneficiaries

ET Realty Retail
13th Jun, 2025

According to an official statement, this step marks another milestone in empowering citizens through property ownership. Earlier, around 6,000 beneficiaries had received this benefit under the scheme.

HC dismisses Leela Group appeals against AAI eviction proceedings in Mumbai

ET Realty Hospitality
13th Jun, 2025

The court observed that the lease period expired long ago, and eviction was not an issue amenable to arbitration under the lease agreement between AAI and Leela.

Apple India leases 12,616 sq ft space at Sky City Mall in Mumbai

ET Realty Retail
5th Jun, 2025

Premium mobile device maker Apple India has leased this space from Incline Realty for a period of 10 years and 10 months. The rent free period is 10 months.

MMRDA allots 8,411.88 sq meters commercial plot in BKC to Schloss Bangalore

ET Realty Hospitality
3rd Jun, 2025

The company along with its subsidiary Schloss Chanakya and Arliga Ecospace Business Parks, an affiliate of Brookfield, submitted a binding bid to lease the plot for a duration of 80 years.

Delhi court orders FIR against Parsvnath Developers for 17-year delay in constructing shop

ET Realty Retail
29th May, 2025

The court of additional sessions judge Dhirendra Rana of Rohini Court was hearing a revision petition filed by a complainant, Amrit Pal Singh Malhotra, against a magistrate court order that refused to file an FIR against the developers last year.

Oyo to meet bankers next week for third IPO attempt; eyes $5–7 billion valuation

ET Realty Hospitality
28th May, 2025

“Oyo’s management has been holding informal discussions with bankers over the past month and is now moving to formally hear proposals,” one person aware of the matter said.

Schloss Bangalore invests ₹1,131 crore to develop five properties

ET Realty Hospitality
23rd May, 2025

Schloss Bangalore, which is launching its Rs 3,500 crore Initial Public Offer (IPO) on Monday, operates the hospitality brand Leela Palaces Hotels & Resorts. The company currently has 13 hotels, out of which 5 are company-owned while the other 8 are under its management.

Schloss Bangalore to float ₹3,500-crore IPO on May 26

ET Realty Hospitality
21st May, 2025

The initial share-sale will be open for public subscription during May 26-28. The one-day bidding for anchor investors will open for a day on May 23, the company said in a statement.

Nearly 100 hotels in Ghaziabad without papers to face legal action

ET Realty Hospitality
21st May, 2025

City magistrate Santosh Upadhyay said the administration has launched a verification drive and begun issuing notices to such establishments. "We have already sent notices to 10 hotels and are in the process of sending them to the rest," he said.

Nexus Select Trust's operating income up 7% to ₹447 crore in Q4 FY25

ET Realty Retail
13th May, 2025

According to a regulatory filing, the company declared distribution of Rs 303 crore or Rs 2 per unit to unitholders for the fourth quarter of 2024-25 fiscal.

Nagpur civic body clears encroachments on Khamla plot for five-star hotel construction

ET Realty Hospitality
9th May, 2025

NMC officials from Laxmi Nagar zone, supported by police personnel, executed the drive by evicting vendors near the mutton market and installing iron railings along the footpath to prevent re-encroachment.

Nexus Select Trust buys MBD complex in Ludhiana for ₹531 crore

ET Realty Retail
8th May, 2025

This high-quality, Grade-A urban consumption centre spans about 0.3 million (3 lakh) square feet and includes a 96-key Radisson Hotel.

Andhra Pradesh HC issues notices to state government on land allotment to LuLu Group

ET Realty Retail
8th May, 2025

In another PIL filed by YSRCP MLA Lella Appi Reddy, challenging the issuance of NCDs to raise funds, the high court observed that it is a policy decision of the govt.

Delhi HC seeks CBI reply on plea to probe corruption allegations in shopping mall's operations

ET Realty Retail
3rd May, 2025

Justice Girish Kathpalia issued notice to the Central Bureau of Investigation (CBI) on the petition which also sought registration of an FIR under the provisions of the Prevention of Corruption Act and the criminal penal law.

New Delhi: DDA to allocate two plots in Nehru Place and Dwarka for five-star hotels

ET Realty Hospitality
2nd May, 2025

As per the project plan, for the Nehru Place site, a floor area ratio (FAR) of 325 will be allowed with permission for 50% ground coverage. At the Dwarka site, an FAR of 375 with 40% ground coverage will be allowed.

Sohail Khan lease out shop in Mumbai for ₹16.89 lakh per month

ET Realty Retail
30th Apr, 2025

The transaction incurred a stamp duty of ₹2,67,000 and registration charges of ₹1,000, according to the Inspector General of Registration (IGR) documents reviewed by Square Yards.

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