23 Aug 2025

Aawas Yojana has appointed Ankit Sharma as Director International Community Engagement & Public Confidence. He is tasked with leading more than 2,500 housing awareness drives across India to reach 1.5 crore citizens by 2027, while creating 3.5 lakh jobs in related sectors by 2028. Alongside this, Sharma will focus on engaging the global diaspora through 10 dedicated platforms across the UK, Middle East, US, and Australia by 2026. These initiatives are expected to bring INR 25,000 crore in NRI housing investments by 2030 and contribute INR 1.2 lakh crore to India's housing economy.Read more

22 Aug 2025

The Varanasi Development Authority (VDA) recently allocated 82 houses under the Pradhan Mantri Awas Yojana (PMAY) using a transparent lottery system. The lottery, conducted at the Girija Devi Cultural Complex in Chowkaghat, saw 642 beneficiaries competing for homes in Harhua and Kurhua villages. The process was carried out in the presence of senior officials, including VDA Vice-Chairman Pulkit Garg and Additional District Magistrate Vandita Srivastava, ensuring fairness. This initiative reflects the government's continued focus on providing affordable housing and upholding transparency in allocation.Read more

22 Aug 2025

Realty firm NeoLiv has acquired a 17.5-acre land parcel in Khopoli within the Mumbai Metropolitan Region (MMR) for the development of a new housing project. The company plans to invest INR 150 crore to build a residential project featuring approximately 180 plots and villas. This new acquisition marks NeoLiv's third project, following successful ventures in Kundli-Sonipat, Haryana, and a luxury housing project in Alibaug. The company, founded by former Godrej Properties CEO Mohit Malhotra and other industry experts, is backed by a SEBI-regulated AIF Fund to ensure financial security for its customers.Read more

21 Aug 2025

Sattva Group has partnered with Aurm to introduce bank-grade vaults within luxury residential projects, creating what they call a "legacy layer" for secure, insured asset storage at home. With India's gold holdings exceeding 25,000 tonnes and bank lockers often oversubscribed, the initiative offers residents 24x7 biometric access, robotic retrieval, and insurance cover up to INR 1 crore per locker. Aurm has already installed 5,000+ lockers across 20 communities, maintaining high occupancy. The first Sattva project to feature the technology will be Vasanta Skye near Bengaluru airport, with more launches planned.Read more

21 Aug 2025

Godrej Properties has acquired around 7.82 acres of land in Kukatpally, Hyderabad, for nearly INR 550 crore through an e-auction held by the Telangana Housing Board. The company will develop a housing project on this site, with an estimated revenue potential of INR 3,800 crore. Industry observers note that the price per acre achieved in this auction is significantly higher than recent sales in the same locality, reflecting rising demand. With this move, Godrej strengthens its growing presence in Hyderabad's residential market.Read more

21 Aug 2025

Landmark Group has committed an investment of INR 400 crore for the construction of a new premium housing project in Gurugram. The development, named Landmark SKYVUE, will feature 240 apartments across a four-acre site in Sector 103, close to the Dwarka Expressway. The group has owned the land since 2009 and has already cleared all government-related approval charges. Construction will be financed through internal accruals, bank loans, and advances from buyers.Read more

20 Aug 2025

LML Realty has announced an INR 150 crore investment in its first industrial park at Firozpur Jhirka in Haryana, developed under the state's PADMA scheme. Spread across 35 acres, the park will feature plug-and-play units, a dedicated exhibition and display centre, and in-house R&D and testing facilities. MSMEs moving into the park will benefit from state incentives, including SGST refunds, capital subsidies, electricity duty waivers, and support for branding, technology, and R&D. This investment builds on LML's recent industrial ventures in Haryana, including land acquisition for an EV industrial hub.Read more

20 Aug 2025

The Chandigarh Housing Board (CHB) is preparing to launch a major housing project in Sector 54, planning around 1,700 flats across 32 acres. The project will include 15% units for the economically weaker section (EWS). Currently, CHB owns 14 acres, with the remaining land to be transferred by the estate office and the UT engineering department. A demand survey will be conducted to gauge public interest, finalize the layout, and decide pricing. The project will be executed in phases and is expected to be planned over the next few months.Read more

19 Aug 2025

Embassy Developments Ltd has projected revenue of INR 560 crore through development management fees for two new housing projects located in Mumbai and Bengaluru. The company disclosed in its investor presentation that these projects, structured under the DM fee model, carry a total estimated revenue potential of INR 5,600 crore. Despite reporting a consolidated net loss of INR 165.84 crore in the latest quarter, the firm recorded an increase in total income compared with the same period last year.Read more

19 Aug 2025

Janakpuri's District Centre, once a thriving hub for shopping and dining in West Delhi, has witnessed a revival with the steady entry of modern commercial developments. Spring House Workspaces, a homegrown flexible office operator, has reinforced its presence in the area by opening its third centre in Janakpuri. Spread across 20,000 sq. ft. with a capacity of over 400 seats, the facility is designed to meet the needs of startups, MSMEs, global enterprises, and remote professionals.Read more