03 Sep 2025

WeWork India has leased 22,700 sq ft of office space to Chargebee at its Chennai centre. The global billing and monetisation platform has opened its new office within this facility. WeWork India, which has a presence across eight cities with over one lakh desks, is also preparing to launch its Initial Public Offering in the near future, marking a significant milestone in its expansion strategy.Read more

03 Sep 2025

Apple has leased 64,125 sq ft of additional office space in Hyderabad's WaveRock Tower, strengthening its presence in the city. The lease, signed for five years, involves a monthly rent of INR 80.15 lakh with a structured warm shell and fit-out rental model. Apple has also deposited INR 4.8 crore as security, with a yearly escalation clause of 4.77%. The agreement includes parking provisions and a three-year lock-in period. With this expansion, Apple now occupies more than 5 lakh sq ft at the WaveRock campus, continuing its growth in India after recent expansions in Bengaluru.Read more

03 Sep 2025

Puravankara, through its subsidiary, has obtained redevelopment rights for a housing society in Malabar Hill, one of South Mumbai's prime neighbourhoods. The society spans 1.43 acres and offers a development potential of about 0.7 million sq ft. The project carries a gross development value (GDV) of INR 2,700 crore. This acquisition comes shortly after the company's Chembur redevelopment win and builds on its earlier Breach Candy project. Together, these developments increase Puravankara's Mumbai portfolio to 4.25 million sq ft with an overall GDV potential of INR 10,500 crore.Read more

03 Sep 2025

Trident Ltd has approved an investment of up to INR 250 crore to acquire a 30.42 percent stake in Trident Global Corp Ltd, a company active in marketing and selling home textiles. The investment will be made in multiple tranches, subject to regulatory approvals, and is classified as a related-party transaction. The company aims to secure domestic brand market access, leverage TGCL's manufacturing, strengthen brand equity, and establish itself as a multi-category home solutions provider. The decision also addresses geopolitical challenges, including US tariffs, and seeks to capitalize on the Swadeshi movement.Read more

03 Sep 2025

The engineering consulting and construction services exhibition at the China International Fair for Trade in Services (CIFTIS) will place emphasis on the theme "Technologies Empower 'Quality Homes'." The event, held earlier this week in Beijing, is set to showcase how advanced technologies are transforming housing design, construction processes, and overall living standards. Industry players are expected to highlight innovative practices that contribute towards sustainable, efficient, and quality-driven housing solutions.Read more

03 Sep 2025

The Delhi PWD has identified seven land pockets for redevelopment under a public-private partnership, with NBCC tasked to prepare proposals. Sites include Vikas Bhawan-1 at ITO, Timarpur, Gulabi Bagh, Kalyanvas, Probyn Road, Sindhora Khurd, Sindhora Kalan, and Bahapur. NBCC, which has executed projects like Kidwai Nagar and Sarojini Nagar, will design plans to modernise ageing government colonies, add sustainable infrastructure, and create office and retail spaces. In North Delhi, Gulabi Bagh and the Sindhora colonies house around 1,200 government quarters, while Kalyanvas, Probyn Road, and Timarpur add smaller clusters. The plan aims to address dilapidation, improve housing standards, and optimise prime urban land.Read more

03 Sep 2025

Over 80 homebuyers of the Lotus Arena project in Noida's Sector 79 staged a protest over decade-long delays and stalled construction. Launched in 2014, the project faced insolvency in 2020 after promoters allegedly diverted INR 387 crore, with Purvanchal Projects appointed as the new developer under a 2023 resolution plan. However, the Noida Authority has refused to revalidate the layout plan, citing CAG objections over Sports City allotments, halting progress. Buyers said they continue to suffer rent and EMI burdens, with some reporting personal tragedies during the delay. The association has urged state intervention, warning of further protests and legal action.Read more

02 Sep 2025

Thiruvananthapuram's Karimadom Colony Housing Complex, with 128 new flats, was inaugurated this week by Minister V Sivankutty in the presence of Mayor Arya Rajendran. Built at a cost of INR 27 crore, the project is the first phase of a plan to provide 200 homes in the colony. The civic body has already delivered thousands of homes under various schemes, including 318 flats at Kalladimukham, 542 at Mathippuram, and over 12,000 units through the LIFE project. Costford will soon begin construction of an additional 105 units under the BSUP rehabilitation initiative, with completion targeted in a year, further strengthening affordable housing delivery.Read more

02 Sep 2025

Debt-ridden developer Supertech Ltd, currently under insolvency proceedings, has delivered more than six thousand homes across multiple housing projects over the past three years, despite facing financial distress. The deliveries were made under the supervision of an insolvency resolution professional appointed by the National Company Law Tribunal. Former chairman RK Arora confirmed that around fifteen thousand homes remain pending, with the firm seeking Supreme Court approval for a joint resolution plan with Apex Heights Pvt Ltd.Read more

02 Sep 2025

Lucknow Development Authority is preparing to hold a lottery for 332 residential plots in the Anant Nagar housing scheme, scheduled to take place later this week at Indira Gandhi Pratishthan and streamed live on the LDA's YouTube channel. Over 8,500 applicants had registered in the second phase, which offered plots ranging from 112.5 sqm up to 450 sqm. The township, spread over 785 acres, includes over 2,100 residential plots, 60 group-housing blocks with 10,000 flats, 5,000 units for EWS/LIG households, and 3,000 PMAY homes, along with modern infrastructure and a dedicated Edutech City.Read more