27 Nov 2025

The Prayagraj Development Authority is planning Aero City, a 90-acre residential township near Airport Road (Jhalwa), offering a mix of plots and flats, with plot prices expected to start below INR 20 lakh. PDA will purchase farmland directly from cultivators, with total land acquisition estimated at INR 3,300 crore, including an initial funding request of INR 1,100 crore. Designed as a self-sufficient township, Aero City will include zones for malls, hotels, schools, hospitals and other commercial facilities, with faster approvals to encourage developers. Land acquisition is expected to begin next financial year. The project builds on PDA's recent push to expand affordable housing through plot sales and flat allotments.Read more

26 Nov 2025

State-owned NBCC Ltd has received an order worth nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for developing the initial phase of the Naveen Nagpur township project. The agreement, formalised earlier this week, covers the construction of the first segment of a 1,710-acre integrated township, marking one of the region's largest planned urban development initiatives. NBCC, which had signed an MoU with NMRDA earlier this year, has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant.Read more

26 Nov 2025

Wallnut Real Estate Services has facilitated the sale of a 3,125 sq ft carpet office unit at ONE BKC in Mumbai's Bandra Kurla Complex for INR 38 crore, marking one of the city's highest-value office transactions in the past week. The deal, completed between buyer Sawariya Futureworks Ltd and seller Harmony Realty, closed at INR 38.3 crore, translating to a benchmark rate of INR 1,22,000 per sq ft. The transaction reinforces ONE BKC's appeal as a premier Grade A commercial hub known for strong tenant demand and strategic connectivity. Wallnut's Sukant Mangal said the record price reflects the project's long-standing position at the top end of Mumbai's office market.Read more

26 Nov 2025

Central Park Estates will invest about INR 2,000 crore to develop Delphine, a new luxury housing project in Gurugram's Sector 104 along the Dwarka Expressway. Spread across 7.85 acres and planned in three phases, the project will feature six residential towers, funded through internal accruals and bank borrowings. Construction is set to begin in 2026, with completion targeted for 2032, and expected sales revenue of INR 3,500 crore. Company leaders noted that the Dwarka Expressway is emerging as a high-value real estate corridor supported by strong infrastructure. With NCR housing sales up 4% in the July-September quarter, Delphine strengthens Central Park's position in premium housing.Read more

26 Nov 2025

Rustomjee Group has strengthened its presence in Thane with the launch of Tower D at La Vie, the fourth tower within its 8.5-acre gated enclave in the 100-acre integrated township. The township features a functioning fire station, Rustomjee Cambridge International School, an upcoming hospital, the Tri Mandir, and future commercial and retail spaces. CEO Anupam Verma said La Vie reflects the group's focus on building communities that blend design, functionality and nature. Keppel Ltd.'s Ho Kiam Kheong highlighted that their partnership combines sustainable urban solutions with Rustomjee's residential expertise. La Vie also benefits from strong connectivity and multiple upcoming infrastructure projects.Read more

26 Nov 2025

The Andhra Pradesh government has partnered with Aerpace Industries to develop India's first Drone City in Kurnool. The project, planned across 300 acres near Orvakal, will support drone manufacturing, testing, certification, component research, and pilot training. Aerpace will bring its experience in defence UAVs, logistics drones, heavy-lift platforms, and AI-based systems. The state aims to build a structured ecosystem that supports long-term aerospace growth. The initiative is part of Andhra Pradesh's wider plan to strengthen innovation, industry development, and skilled employment in the unmanned systems sector.Read more

26 Nov 2025

The Lucknow Development Authority has extended the registration window for its Atal Nagar affordable housing scheme until December 2, giving applicants extra time to apply via its website. The scheme includes 2,496 flats in 15 towers at Devpur Para, with both 1 BHK and 2 BHK units priced from around INR 9.82 lakh. A registration fee of 5 percent of the flat cost (or 2.5 percent for reserved categories) is mandatory. Allocations will be made through a transparent lottery. The scheme provides key amenities, including lifts, power backup, green spaces, and security.Read more

25 Nov 2025

County Group has purchased a 5-acre land parcel in Noida's Sector 151 through a state-conducted auction for about INR 475 crore, according to people aware of the transaction. The developer intends to build a low-density residential project featuring only 226 units across more than 11 lakh sq ft of development area. The company has been expanding aggressively, having delivered over 40 lakh sq ft in 2024 and launched significant luxury projects earlier this year in Noida and Ghaziabad. Rising land values in Noida-Greater Noida, buoyed by strengthened infrastructure, continue to shape the region's real estate momentum.Read more

25 Nov 2025

Grovy India Ltd., a South Delhi-based real estate developer listed on the BSE, has expanded its project pipeline to 1,89,000 sq. ft., covering both ongoing and upcoming luxury independent-floor developments. Its Q2 FY26 update shows 1,42,000 sq. ft. under construction and 47,000 sq. ft. in future projects, aligning with rising demand for high-end redevelopment in prime neighbourhoods. The company also reported sharp financial growth, with net profit up 1180% and revenue rising 1142%. Strong interest in South Delhi's luxury floors, supported by steady price appreciation and limited supply, continues to drive redevelopment. Grovy India aims to strengthen its presence in this premium micro market.Read more

25 Nov 2025

Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more