Chennai News Desk

9 minutes ago

South Indian actress Nayanthara and filmmaker husband Vignesh Shivan purchased a luxurious duplex apartment in Chennai's Poes Garden for INR 31.5 crore. The 14,369 sq ft property in the Legacy project spans the fourth and fifth floors and includes 5,308 sq ft of undivided land and eight covered parking spaces. Nayanthara owns 90% of the apartment, with Vignesh Shivan holding 10%. The acquisition follows their marriage in 2022 and growing pan-India film presence. Poes Garden remains a preferred enclave for celebrities and high-net-worth individuals, sustaining high property values.Read more

2 hours ago

Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more

4 hours ago

More than 4,100 transit flats for Kashmiri migrant employees have been completed across the Kashmir Valley under the government's rehabilitation housing programme. The project aims to provide safe residential accommodation to migrants appointed under the Prime Minister's employment package. Out of the planned 6,000 flats at 20 locations, 4,112 units have been completed and 3,257 allotted so far. Officials recently reviewed the progress of construction and supporting infrastructure such as water supply, electricity, and drainage. Around 680 additional flats are expected to be completed by April 2026 as authorities move closer to completing the project.Read more

7 hours ago

OA Co Ltd is set to acquire real estate assets worth 22.5 billion KRW, aiming to strengthen its property portfolio and support long-term business growth. The company has a history of strategic real estate investments to diversify holdings and enhance operational capabilities. Analysts note that the acquisition is part of a cautious, value-driven approach in a competitive South Korean real estate market. The deal is expected to provide both commercial and strategic advantages, with completion anticipated after regulatory approvals and final evaluations.Read more

09 Mar 2026

The United Arab Emirates real estate sector is facing fresh uncertainty after Iranian missile and drone strikes in the region raised concerns about geopolitical stability, a key factor underpinning property investment in Dubai and Abu Dhabi. The attacks have unsettled investor sentiment in a market that has witnessed strong growth since the pandemic, fuelled largely by foreign capital, wealthy migrants and international buyers. Market participants say the escalation has already affected capital-raising activity and may increase financing costs for developers. Analysts note that the sector's reliance on expatriate demand and offshore investors makes it particularly sensitive to geopolitical shocks. At the same time, the region is entering a phase of rising supply, with a significant number of new housing units expected to enter the market in the coming years.Read more

09 Mar 2026

The Maharashtra Housing and Area Development Authority has signed key agreements to advance the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, in partnership with Keystone Realtors and local housing societies. The project covers roughly 11.2-11.5 acres and will rehabilitate about 1,200 residents currently living in ageing buildings across the locality. Executed through Keystone Realtors subsidiary Keymidtown Developers, the redevelopment is expected to unlock around 20.7 lakh sq ft of saleable area with an estimated gross development value of about INR 4,521 crore. The agreements mark a key step in implementing the project after earlier approvals, with MHADA acting as the special planning authority. The initiative represents the authority's first redevelopment on private land using a construction-and-development agency model.The Maharashtra Housing and Area Development Authority has formalised agreements for the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, moving forward with a large urban renewal project intended to replace ageing residential structures with new housing. The agreements were signed earlier this month between MHADA, housing societies in the area and Keystone Realtors subsidiary, Keymidtown Developers, which will execute the redevelopment.Read more

09 Mar 2026

Raymond Realty has completed definitive agreements to develop a residential project in Kandivali, Mumbai. The project is planned to have a gross development value of about INR 30 billion, reflecting the company's continued focus on expanding its footprint in key Mumbai suburbs. The agreements were signed earlier this week, marking a step forward in Raymond Realty's development pipeline. This move aligns with the firm's broader strategy of leveraging demand in well connected locations. The Kandivali project is expected to add significant residential inventory in the area and support the developer's growth plans.Read more

09 Mar 2026

Logistea AB has purchased a fully leased property in Oulu, Finland, valued at SEK 38 million, ensuring stable rental income and immediate cash flow. The move aligns with the company's strategy of investing in well-occupied, high-value assets. The acquisition strengthens Logistea's footprint in Finland's urban centers, adding to its portfolio of secure income-generating properties. Analysts highlight that such investments provide predictable returns and enhance portfolio stability. This step reflects the growing preference among Nordic real estate investors for fully leased properties with strong underlying values.Read more

09 Mar 2026

The Haryana government is preparing to introduce a regulatory reform that would make registration of agreements to sell compulsory in property transactions across the state. Announced during the state budget presentation, the proposal aims to improve transparency and legal certainty in real estate dealings by ensuring that sale agreements are formally recorded with the registration authorities. At present, many agreements to sell are executed privately or merely notarised, which leaves buyers exposed to risks such as fraud, double selling and prolonged disputes. The proposed change would require such agreements to be registered with the sub-registrar before execution of the final sale deed. Officials indicated that the reform is intended to create a verifiable transaction trail and strengthen legal protection for buyers and sellers in Haryana's property market.Read more

Mumbai News Desk

09 Mar 2026

Modis Navnirman has been appointed to redevelop New Chitra Co-operative Housing Society in Kandivali West, Mumbai. The redevelopment will replace an over three-decade-old 14-storey residential building with a new mixed-use tower comprising residential and commercial spaces. The project will be developed on a land parcel of about 2,300 square metres and is expected to generate a gross development value of around INR 160 crore. The redevelopment reflects the increasing focus on upgrading ageing housing societies in Mumbai's suburbs while improving infrastructure, safety standards and overall housing quality for existing residents.Read more

09 Mar 2026

Godrej Properties celebrated the sale of its 1,00,000th home by gifting a free house to the Naina family from Nerul, Navi Mumbai. The initiative, part of the Laakhon Mein Ek campaign, was designed as a gesture of gratitude to long-standing customers. The company emphasized its commitment to sustainable, thoughtfully designed communities. Over its 129-year legacy, Godrej Properties has maintained leadership in residential sales, earned top sustainability rankings, and received over 500 industry awards, underscoring its focus on quality, trust, and building spaces that nurture life and relationships.Read more

09 Mar 2026

The Maharashtra government has informed the Legislative Council that rehabilitation work linked to the Multi-modal International Cargo Hub and Airport (MIHAN) project in Nagpur has progressed significantly, with more than 75% of eligible project-affected persons receiving developed plots. The state has also provided financial assistance of INR 5 lakh each to many beneficiaries in place of promised employment, with over INR 102 crore already disbursed. Land for the project was acquired from five villages in 1997. Authorities are continuing the process of handing over plots, executing lease agreements and providing job reservation benefits to remaining eligible beneficiaries.Read more

08 Mar 2026

The House of Abhinandan Lodha (HoABL) has signed Bollywood actor Kartik Aaryan as the brand ambassador for Nagpur Marina, its flagship waterfront plotted development in Nagpur. The association builds on Aaryan's existing relationship with the developer, having earlier invested in a 2,000 sq ft plot at HoABL's Sol-de-Alibaug project. Nagpur Marina is positioned as a premium, destination-grade plotted development spread across 78 acres in South Nagpur, anchored by a man-made sea and beach. The project has already attracted significant interest from high-net-worth individuals, with over 350 families from more than 10 countries investing in the development. HoABL said the partnership reflects shared values of transparency, disciplined execution and long-term asset creation.Read more

08 Mar 2026

The Supreme Court of India has issued notices to the Goa government and a private developer in a dispute over a proposed luxury villa project near the 363-year-old Oxel spring in Siolim, North Goa. The project involves eight villas with private swimming pools. Local residents challenged the development, arguing it threatens a key water source. The apex court has admitted a special leave petition against a Bombay High Court order that had dismissed the plea, and responses have been sought before the next hearing scheduled in April.Read more

07 Mar 2026

The Kanpur Municipal Corporation has replaced its earlier 1 percent value-based mutation charge with a fixed fee structure effective from March 1. Property owners will now pay INR 6,500 for mutation, while high-value properties above INR 50 lakh will attract a maximum fee of INR 10,000. The earlier system often led to high charges, especially for mid-range properties. The decision was cleared after a 63-day public review process during which only two objections were received and resolved before implementation.Read more

R. Rajasekhar Reddy, MD & Founder – Trendsquares.

07 Mar 2026

Bengaluru's residential market is witnessing a clear shift as premium housing demand moves beyond traditional hotspots into emerging micro-markets with stronger planning and infrastructure support. Sadaramangala and Panathur, located in East Bengaluru, are increasingly being viewed as next-generation premium residential destinations. Backed by proximity to major technology hubs, improved metro and road connectivity, and expanding social infrastructure, both locations are attracting discerning end-users and long-term investors. Industry data from 2024-25 highlights East Bengaluru as a key contributor to the city's residential absorption, with mid-premium and premium segments seeing sustained traction. While Sadaramangala benefits from its quieter, low-density character near Whitefield, Panathur's growth is driven by scale, integrated developments and its strategic position along the Outer Ring Road IT corridor. Together, they reflect changing buyer priorities centred on lifestyle quality, access and long-term value.Read more