Mumbai News Desk

11 Mar 2026

Raymond Realty has signed definitive documents to jointly develop a residential project in Kandivali, Mumbai, with an estimated gross development value of around INR 3,000 crore, marking the company's seventh joint development project in the city. With this addition, the total gross development value of Raymond Realty's real estate portfolio is expected to reach nearly INR 43,000 crore. Separately, NCR-based developer County Group has launched 'Clove County', a luxury residential project in Sector 151, Noida, along the Noida-Greater Noida Expressway, involving an investment exceeding INR 1,200 crore. The five-acre development will feature 226 high-end apartments across three towers with configurations ranging from large 4BHK to 5BHK residences. The announcements reflect continued development activity in two key residential markets—Mumbai and Noida—across both joint development and premium housing segments.Read more

11 Mar 2026

The Uttar Pradesh Housing Board is offering a discount of up to 15 % on residential plots and flats in its Siddharth Vihar township in Ghaziabad. Buyers paying within 60 days of booking are eligible for the full discount, while those paying within 61-90 days can claim 10 %. The township, spread over 635 acres and around 30% developed, is strategically located along the Delhi-Meerut Expressway with rapid rail and metro access. Plot rates vary depending on orientation, proximity to parks, or wider roads, reflecting a structured pricing system.Read more

Lucknow News Desk

11 Mar 2026

The Lucknow Development Authority (LDA) has launched registrations for Park View Apartments, a group housing project comprising 364 premium flats in the Basant Kunj scheme in Lucknow. Located opposite Rashtra Prerna Sthal, the project will offer 3BHK and 3BHK units with servant quarters, with apartment sizes ranging from about 154 sq m to 195 sq m and starting prices from around INR 75 lakh. Registrations opened in the past week and will remain available until early April through the authority's website, with allotment to be conducted through a lottery system. The development will include four residential towers and a range of residential amenities such as a clubhouse, swimming pool and children's play area. The initiative forms part of the authority's ongoing housing programmes aimed at expanding organised residential supply in Lucknow's growing urban corridors.Read more

Delhi News Desk

11 Mar 2026

The Delhi Development Authority (DDA) will take direct charge of daily maintenance for its residential flats starting early April 2026. The move covers flats constructed before 2021, where day-to-day upkeep had previously been handled by resident welfare associations or flat owners. Under this system, the authority will provide services such as security, cleaning of common areas, lift and electrical maintenance, minor repairs, and upkeep of water tanks and STP-treated water lines. Flat owners will pay quarterly service charges per square metre, with interest applied on late payments. This initiative aims to ensure consistent maintenance and enhance living conditions in DDA housing pockets.Read more

11 Mar 2026

The National Green Tribunal (NGT) has directed the Ghaziabad district administration to remove encroachments on a lake in Pasunda village, Loni, where a residential colony has been developed. The NGO Society for Voice of Human Rights and Justice alleged that Mahalaxmi Land and Finance Company altered revenue records to allow construction on land officially recorded as a lake under survey number 1564. Earlier reports from the administration were incomplete. The NGT clarified that ongoing High Court proceedings on ownership do not restrict its review of environmental aspects, and scheduled further hearings for late March.Read more

10 Mar 2026

Real estate developer County Group has announced an investment of more than INR 1,200 crore to develop a luxury residential project in Noida. The project, named Clove County, will be built on a 5-acre land parcel located in Sector 151 along the Noida Greater Noida Expressway. The development will feature 226 premium apartments priced between INR 10 crore and INR 18 crore. According to the company, the land was acquired through an auction for nearly INR 500 crore. County Group said the project reflects strong demand for high-end housing in the Noida market. The company, a major developer in the National Capital Region (NCR), has already delivered multiple residential and commercial developments across cities including Noida, Greater Noida, Ghaziabad, Gurugram and New Delhi.Read more

Chennai News Desk

10 Mar 2026

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

10 Mar 2026

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

10 Mar 2026

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

10 Mar 2026

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