18 Oct 2025

CRISIL Limited has finalized a 15-year lease for nearly 2.5 lakh square feet of office space in the Hiranandani Lightbridge building, located in Mumbai's Powai area. The lease, valued at INR 597 crore, will have CRISIL occupy the 10th to 15th floors along with 250 car and 75 two-wheeler parking spaces. The agreement includes a monthly rent of INR 2.35 crore with a 4.77% annual escalation. The new office, set to become CRISIL House, reflects the company's strategic focus on consolidating operations in Mumbai's rapidly growing commercial hubs.Read more

17 Oct 2025

The Bhoomipujan for the Mata Ramabai Ambedkar Nagar and Kamaraj Nagar Slum Rehabilitation Scheme was held in the presence of Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and senior officials, marking MMRDA's first redevelopment project under its own wing in collaboration with SRA. Spanning 31.82 hectares, the project will benefit 17,000 families, with Phase 1 delivering 4,345 free 1BHK homes featuring modern amenities. Backed by a INR 1,500 crore loan, the scheme includes community facilities, infrastructure upgrades, and two years' rent for residents. The initiative represents a model for inclusive, sustainable urban redevelopment and a step toward a slum-free Maharashtra.Read more

17 Oct 2025

The Brihanmumbai Municipal Corporation (BMC) has introduced an online lottery for the sale of 426 affordable flats across Mumbai, marking its first independent initiative of this kind. These homes, priced between INR 55 lakh and INR 1 crore, are located in Kandivli, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon, and are available exclusively to applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG). The move is expected to generate around INR 308 crore. Applications opened this week and will be processed through a lottery system managed entirely by BMC to streamline operations and enhance revenue.Read more

17 Oct 2025

The Karnataka government is set to distribute 42,346 newly constructed houses in Hubballi under the Slum Development Board's housing initiative. Chief Minister Shri Siddaramaiah will lead the event, which will be held on a 17-18 acre site designed to accommodate around 1.5 lakh people. Each house costs around INR 7.5 lakh, with the state covering beneficiary contributions to ensure affordability. The government's total expenditure for 2.3 lakh houses is estimated at INR 9,500 crore, reflecting its ongoing commitment to providing affordable housing for underprivileged communities.Read more

17 Oct 2025

Bollywood star Amitabh Bachchan has strengthened his presence in Alibaug, a coastal town near Mumbai, by acquiring three adjacent plots totaling 9,557 sq ft. The plots, part of the 'A Alibaug Phase-2' project by The House of Abhinandan Lodha, were bought for a combined INR 6.6 crore, following an earlier purchase of a 10,000 sq ft plot in the same area for INR 10 crore. These acquisitions highlight his consistent interest in luxury real estate in the region, a popular destination for high-profile individuals seeking premium second homes and villas.Read more

16 Oct 2025

Actor Neil Nitin Mukesh and his father finalised the purchase of a high-end residence in Mumbai's World One tower for INR 11.35 crore. The transaction, registered recently, includes a spacious unit measuring 189.89 sq m (2,044 sq ft) along with two parking spots. The stamp duty and registration charges were duly paid, reflecting the premium nature of the deal. This acquisition has drawn attention in real estate circles, both for the celebrity involvement and the value of the property.Read more

16 Oct 2025

Godrej Properties has acquired a 26-acre land parcel near Sarjapur Road in South Bengaluru for a premium residential project with estimated revenue of around INR 1,100 crore. While the seller and deal value remain undisclosed, the acquisition highlights the company's focus on high-demand micro-markets. Gaurav Pandey, MD & CEO, emphasized Bengaluru's growth potential and the trust customers place in the brand. With a strong presence across Mumbai, Delhi-NCR, Pune, Bengaluru, and Hyderabad, Godrej continues to expand strategically in cities and corridors where residential demand is robust and infrastructure is evolving.Read more

16 Oct 2025

MHADA aims to build over 700,000 homes in the MMR over the next five years, with nearly 550,000 units in Mumbai. These will come from affordable housing lotteries, redevelopment of cessed buildings, PMGP Colony reconstruction, cluster redevelopments, and joint slum redevelopment projects with SRA. Key areas include GTB Colony, Abhyudaya Nagar, BDD Chawl, Bhendi Bazaar, Kamathipura, and Motilal Nagar. Outside the city, more than 200,000 homes will be delivered through various schemes, while the Konkan region will see over 5,300 homes. In the past three years, 43,000 homes have been sold via 18 lottery draws.Read more

16 Oct 2025

Uttar Pradesh Chief Minister Shri Yogi Adityanath recently handed over keys to 160 families in Gorakhpur under the Economically Weaker Section (EWS) and Lower Income Group (LIG) housing scheme developed by the Gorakhpur Development Authority (GDA). The flats, allotted through a transparent lottery process from over 9,000 applications, include 80 EWS and 80 LIG units, priced well below market rates. Alongside, the CM inaugurated and laid the foundation for 50 development projects worth INR 118 crore, highlighting the state's focus on infrastructure and community welfare.Read more

15 Oct 2025

Kerala's Industrial Corridor Development Corporation (KICDC) confirmed that the Palakkad Industrial Smart City-part of the Kochi-Bengaluru Industrial Corridor-will be realised in a single phase. Works are slated to begin either by the end of the month or in the early part of the next. With land acquisition largely completed and central and state funding well underway, KICDC aims to deliver infrastructure within 42 months before allotting parcels to industrial players.Read more