1 hour ago

House of Hiranandani has secured redevelopment rights for an approximately 3-acre land parcel in Borivali West, Mumbai, where it plans to develop a premium residential project. The project is expected to generate around INR 3,000 crore in revenue from a saleable carpet area of 7.6 lakh sq ft. The development will include rehabilitation for existing residents alongside over 850 new homes for sale. The project reflects continued redevelopment-led supply in Mumbai’s suburban markets, where land availability remains constrained and developers are increasingly relying on redevelopment opportunities to expand their portfolios.Read more

3 hours ago

Brigade Enterprises Ltd has acquired a 5.72-acre land parcel in Osman Nagar, Hyderabad, through an auction conducted by the Telangana Industrial Infrastructure Corporation in the past week. The outright purchase, valued at around INR 250 crore, translates to approximately INR 44 crore per acre, excluding registration costs. The company intends to develop a residential project on the site, aligning with its continued focus on Hyderabad as a growth market. The acquisition reflects Brigade’s strategy of securing development-ready land parcels in key urban centres, where demand for premium housing remains steady amid expanding infrastructure and employment corridors.Read more

30 Apr 2026

Lodha Developers is planning to invest around INR 10,000–11,000 crore to develop 1 gigawatt of data centre capacity in the Mumbai Metropolitan Region. The project will come up within its Palava township and follow a build-to-suit model for global operators. The company has already secured key clients and will fund the development largely through land monetisation. This move is part of its strategy to scale rental income and expand into digital infrastructure, alongside a larger 2.5 GW data centre park planned in the region.Read more

29 Apr 2026

Meghna Infracon Infrastructure Ltd has announced plans to invest around INR 500 crore to redevelop five housing projects across the Mumbai Metropolitan Region. The projects, located in the western suburbs and Thane, are expected to generate nearly INR 600 crore in revenue. The developments will include 320 units, with around 200 units available for sale. The Bharti CHS project in Bandra West will be the largest, with a projected revenue potential of INR 240 crore. The move reflects the growing focus on redevelopment projects in MMR after the pandemic.Read more

29 Apr 2026

Venus Group has completed a transaction involving 2,07,838 sq ft of Grade A office space at Stratum, Nehrunagar, Ahmedabad, marking one of the first instances of a developer-led commercial asset from the city being institutionalised under a REIT structure. The asset has been leased and monetised through PropShare Celestia, with the associated scheme witnessing 1.33 times subscription for an issue size of INR 244.65 crore. The fully leased property houses multinational and Fortune 500 tenants, reflecting growing investor interest in income-generating commercial assets in emerging real estate markets beyond major metros.Read more

29 Apr 2026

The Karnataka Housing Board (KHB) has proposed a 92-acre residential layout in Belagavi’s Honnihal village to cater to rising demand for affordable housing. The project, its first major development in the city in nearly a decade, is currently awaiting state approval. Once cleared, it will move into public consultation and land acquisition stages under existing legal provisions. The initiative aims to create planned housing with basic infrastructure while ensuring fair compensation and rehabilitation for landowners, reflecting the state’s continued focus on expanding organised housing supply in emerging urban centres.Read more

29 Apr 2026

The fifth edition of the Scale Up Summit, organised by Exponential Real Estate World, was held in Andheri, Mumbai, bringing together developers, architects and industry stakeholders to address key operational challenges. Curated by Nikhil Shah, the event focused on seven critical pain points affecting real estate execution, with sessions covering regulatory compliance, security systems, branding and legal frameworks. The summit featured keynote discussions, panel interactions and expert-led presentations, alongside networking engagements aimed at fostering collaboration across the ecosystem. The platform has evolved into a recurring industry forum focused on practical solutions and stakeholder engagement within the real estate sector.Read more

28 Apr 2026

Larsen and Toubro Ltd has announced that its real estate arm, L&T Realty, has expanded its development footprint through a land acquisition in the National Capital Region. The move aligns with the company’s strategy to strengthen its presence in key urban markets with strong housing demand. NCR has remained a priority region due to steady residential absorption and infrastructure-led growth. The acquisition is expected to support future residential or mixed-use developments, adding to L&T Realty’s existing portfolio across major Indian cities.Read more

28 Apr 2026

Lodha Developers reported a 9% year-on-year rise in consolidated net profit to INR 1,008.1 crore for the March quarter, supported by higher income. Total income for the quarter increased to INR 4,840 crore from INR 4,420 crore a year earlier. For FY26, the company posted a net profit of INR 3,430.7 crore, up from INR 2,766.6 crore, with total income rising to INR 17,119.5 crore. The developer highlighted record profitability during the year, driven by a focus on disciplined growth and low leverage. The company continues to expand its presence across key markets, including Mumbai Metropolitan Region, Pune and Bengaluru, while also entering Delhi-NCR.Read more

Mumbai News Desk

27 Apr 2026

The Dharavi Redevelopment Project is set to provide larger rehabilitation homes to residents of chawls and formal buildings within the notified area. Around 8,700 households are expected to benefit, with flat sizes ranging from 500 sq ft to 754 sq ft. The proposal follows directions from the state government to improve living standards beyond earlier norms. Amendments to planning regulations have been initiated and opened for public feedback. While the move is seen as a step forward, residents continue to raise concerns around relocation, clarity on execution and eligibility criteria.Read more