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Alliance City Developers Realtors Pvt. Ltd. has announced that its residential project, Alliance Abhimanyu, located at Mith Chowky in Malad West, is nearing possession. Registered under MahaRERA (P51800052607), the project comprises 2 BHK and 3 BHK apartments ranging from 600 sq ft to 821 sq ft in RERA carpet area. Positioned along Marve Road, the development is located near key transport and social infrastructure, including the Valnai Metro Station, Western Express Highway, schools, hospitals and retail centres. The developer stated that the project includes amenities such as a landscaped sky garden, gymnasium, podium parking, yoga deck and CCTV surveillance. Alliance City, which has completed 12 projects and is currently developing multiple schemes across Mumbai, said the project reflects its focus on timely execution and end-to-end project management across the residential development cycle.Read more

22 May 2026

• Signature Global Ltd has launched Prive Iconic Tower, a luxury residential development furnished by Armani/Casa, within its SG SPR Estate township in Gurugram.
• The standalone tower will comprise 72 four-bedroom residences with two apartments per floor, targeting low-density premium housing demand.
• The project is being developed in collaboration with SEETU Kohli Homes and forms part of the 125-acre Cloverdale township on Southern Peripheral Road.
• Signature Global expects to generate nearly INR 580 crore in revenue from the development.
• The company said the launch has witnessed strong initial response from high-net-worth individuals, business owners and senior professionals across North India.Read more

22 May 2026

Tariq Premji, son of Azim Premji, has acquired a luxury penthouse in Whitefield, Bengaluru, for INR 45.71 crore, according to property registration documents cited in multiple media reports. The apartment is located in the 27 Summit residential project developed by Sterling Urban Developments Pvt. Ltd. and has a super built-up area of around 7,000 sq ft with five car parking spaces. The transaction was registered earlier this month, with stamp duty and registration charges of about INR 2.74 crore, adding to a series of high-value residential deals in Bengaluru’s premium housing market.Read more

22 May 2026

Rubics Realty has outlined an expansion pipeline for 2026-27 with three luxury residential projects planned across Sion, Dadar and Worli in Mumbai, along with its first premium hospitality venture in Goa. The developer is focusing on the luxury and ultra-luxury housing segments as demand for premium homes in Mumbai continues to remain strong. The projects are expected to include large-format residences with a design-led approach centred on lifestyle and architecture. The company is also exploring strategic land acquisitions on the outskirts of Mumbai to strengthen its future development pipeline and expand its presence across emerging residential corridors.Read more

21 May 2026

• Omaxe has raised INR 75 crore from investment firm WSB Partners to support two residential plotted developments in Indore and Ujjain, Madhya Pradesh.
• The funding was disclosed through a regulatory filing made by the company in the past week.
• Omaxe said the capital would be used primarily as growth capital, while a portion would also be allocated towards working capital requirements and reserves.
• The investment is linked to the company’s plotted residential projects in the two cities, where demand for organised housing developments has remained active.
• Omaxe currently operates across multiple asset classes and has delivered more than 140 million sq ft of real estate across 31 cities in eight Indian states.Read more

21 May 2026

• Karyan Group has announced plans to invest around INR 900 crore in its first residential development, a luxury housing project named Trevana Residences in Ghaziabad, Uttar Pradesh.
• The project, located along NH-24, will comprise 608 apartments and penthouses with a total saleable area of 16 lakh sq ft.
• Homes in the development will be priced between INR 2 crore and INR 6 crore, with the company targeting estimated revenue of nearly INR 1,500 crore.
• The project is scheduled for completion by 2030, with funding expected through internal accruals and potential bank borrowings for construction requirements.
• The announcement comes amid continued growth in Delhi-NCR’s housing market, where residential sales and new supply both recorded annual increases during the January–March quarter this year.Read more

21 May 2026

Swedish real estate company Samhallsbyggnadsbolaget i Norden (SBB) has agreed to divest its residential property business and a residential portfolio from SBB Development to Klarabo in a share-based transaction valued at SEK 6.83 billion. The deal includes assets worth SEK 5.86 billion and an additional portfolio valued at SEK 973 million. Payment will be made through Klarabo Class A and Class B shares. The transaction is expected to reduce SBB’s ownership in Sveafastigheter and generate annual savings of around SEK 120 million while ending a costly Morgan Stanley-linked joint venture.Read more

21 May 2026

• Puravankara’s consolidated net profit increased to INR 740.7 crore in FY26 from INR 26.5 crore in the previous financial year.
• Annual sales bookings rose 55% year-on-year to INR 7,407 crore, while quarterly sales touched a record INR 3,547 crore.
• The company delivered 3,747 homes during FY26 and handed over more than 4.25 million sq ft across projects.
• Revenue growth was supported by higher project completions, improved collections and stronger demand in Bengaluru and Mumbai housing markets.
• Puravankara added projects with an estimated development value of INR 15,200 crore through redevelopment deals, land acquisitions and joint development agreements.Read more

21 May 2026

Veris Residential Inc has received 14 stockholder demand letters alleging that the company’s proxy statements contained materially incomplete or misleading information, according to a recent SEC filing. The demands were disclosed as of the past week and relate to concerns raised by shareholders over the adequacy of information shared in company communications. The filing did not specify whether any legal proceedings have been initiated yet. The development comes at a time when listed real estate companies and REITs are facing increased scrutiny from investors regarding governance practices, disclosures, and shareholder transparency.Read more

21 May 2026

DLF’s joint venture with Singapore sovereign wealth fund GIC, DLF Cyber City Developers Ltd (DCCDL), recorded a 16 per cent year-on-year increase in rental income to INR 5,525 crore in FY26, supported by sustained demand for premium office and retail assets across key markets including Gurugram and Chennai. Office rental income rose 17 per cent to INR 4,550 crore, while retail rental earnings increased 11 per cent to INR 975 crore. DCCDL currently operates a commercial portfolio spanning 44.3 million sq ft, largely comprising office properties. The company also reported growth in revenue, EBITDA and profit during the fiscal year. DLF said upcoming office and retail completions are expected to further strengthen its annuity portfolio amid continued expansion by global occupiers and Global Capability Centres (GCCs).Read more

21 May 2026

• China’s new home prices recorded their slowest monthly decline in a year during the past month, supported by improving prices in major cities such as Shanghai and Shenzhen.
• Tier-one cities saw marginal price growth, while smaller tier-two and tier-three cities continued to face falling prices, unsold inventory and weak housing demand.
• Analysts said the property market has still not fully stabilised and may take another one to two years to witness a broader recovery due to oversupply concerns.
• Property investment in China continued to decline sharply, while household loans, including mortgages, contracted significantly, reflecting weak buyer confidence.
• Chinese authorities have introduced buyer incentives and state-backed housing purchase programmes to reduce inventory and support the real estate sector.Read more

21 May 2026

Man Infraconstruction Limited has acquired an ultra-luxury residential development site off Bandstand in Bandra West, Mumbai, strengthening its presence in one of the city’s most premium housing micro-markets. The project, planned under the company’s MS Collection Residences vertical, is expected to have an estimated gross development value (GDV) exceeding INR 1,000 crore. Spread across more than 30,000 sq ft, the sea-view development is currently progressing through the approval stage and has applied for its Intimation of Disapproval (IOD). The acquisition expands MICL Group’s Bandra portfolio to a combined GDV of over INR 2,350 crore and takes the company’s overall real estate portfolio to an estimated INR 18,575 crore.Read more

20 May 2026

• NeoLiv plans to invest around INR 500 crore in a 76-acre residential project in the Panvel-Khopoli belt of the Mumbai Metropolitan Region (MMR).
• The upcoming development will include housing plots and villas with a total saleable area of nearly 13 lakh sq ft.
• The project is expected to generate an estimated revenue potential of around INR 800 crore.
• This will be NeoLiv’s third project in the MMR region as the company expands its presence beyond Delhi-NCR.
• The company has already launched two housing projects in Delhi-NCR and plans to launch three projects in MMR during the current financial year.Read more

Mumbai News Desk

20 May 2026

• Mumbai Police’s Economic Offences Wing (EOW) arrested builder Sohail Abdullah Dukka in connection with an alleged fraud in the One Jogeshwari SRA redevelopment project in Jogeshwari West.
• The accused allegedly sold around 10 flats illegally at below-market rates and diverted the money into personal and business accounts instead of the project’s designated RERA account.
• The complaint stated that flats worth nearly INR 14.9 crore were involved, while around INR 10.67 crore was allegedly misappropriated.
• Investigators are examining financial transactions, flat allotments and whether more buyers or investors were impacted in the redevelopment project.Read more

Bangalore News Desk

20 May 2026

The Bengaluru Development Authority (BDA) is facing growing legal and regulatory pressure over delays in housing and plotted development projects across Bengaluru. Karnataka RERA has directed the authority to register pending projects, complete infrastructure works and address complaints raised by homebuyers over delayed possession and missing civic amenities. Buyers in projects such as Gunjuru Housing Project and Nadaprabhu Kempegowda Layout have alleged prolonged delays despite making full payments years ago. Recent K-RERA orders have also clarified that public development authorities are subject to RERA rules and can be held accountable for compensation and project delivery delays.Read more

20 May 2026

• Anarock Group reported a 25 per cent rise in FY26 revenue to INR 946 crore, compared to INR 755 crore in the previous fiscal.
• The growth was supported by strong housing demand and robust leasing activity in office and retail real estate segments.
• The company facilitated housing sales worth INR 16,435 crore during the last financial year, while the residential business contributed INR 442 crore to overall revenue.
• Chairman Anuj Puri said the company is focusing on expansion and strengthening its proptech and advisory capabilities amid evolving housing demand trends.
• The group is also expanding its presence in the Middle East, especially Dubai, and recently appointed Aayush Puri to lead its regional residential operations.Read more