07 Aug 2025

Uttar Pradesh's co-developer policy is now in action in Noida, aiming to revive stuck housing projects. Nimbus Projects has taken over the long-delayed Sunworld Arista in Sector 168, investing over INR 1,000 crore and settling INR 170 crore in dues. Work has resumed on core infrastructure, benefitting 400 homebuyers. Under the policy, a co-developer pays 25% of dues and signs a tripartite agreement with the Noida Authority and original promoter, unlocking project approvals and RERA extensions. Nimbus also plans a luxury Phase - Arista Luxe. With five projects approved and developers like Apex showing interest, the model is gaining momentum as a revival tool.Read more

06 Aug 2025

Actor Aamir Khan has leased four luxury apartments in Mumbai's upscale Wilnomona building on Nargis Dutt Road, Pali Hill, at a reported monthly rent of INR 24.5 lakh. The five-year lease includes a 45-month lock-in and 5% annual rent escalation. He paid a security deposit of INR 1.46 crore, along with stamp duty and registration charges. The move comes as his existing residences in the Virgo Cooperative Housing Society undergo redevelopment by Atmosphere Realty (Wadhwa Group, MICL, Chandak Group). The upcoming tower is set to feature ultra-luxury, sea-facing units priced above INR 1 lakh/sq ft, with some expected to cross INR 100 crore.Read more

06 Aug 2025

Shweta Tripathi, the acclaimed actress best known for her role in the hit series "Mirzapur," has made a significant real estate investment in Mumbai. She purchased a new 3 BHK apartment in the city's prime residential locality of Chembur for INR 3 crore. The property, located in the Supreme Boulevard building, spans 938 square feet. The transaction, registered in early July, included two dedicated car parking spaces and saw Tripathi benefit from a special stamp duty relaxation for women homebuyers.Read more

06 Aug 2025

In a major real estate deal, KRC Queens Pvt Ltd, a subsidiary of K Raheja Corp, has acquired a 7.43-acre land parcel in Mahalunge, Pune, for INR 195 crore. The land, purchased from Mahalunge Real Estate Developers Pvt Ltd, is designated for a new residential township project. This strategic acquisition highlights K Raheja Corp's growing presence in the Pune market and its commitment to developing large-scale residential projects to meet the city's increasing housing demand.Read more

06 Aug 2025

The Andhra Pradesh government's NTR Smart Townships scheme, aimed at the middle-income group (MIG), has seen a poor response with just 29% of the plots sold and only 23% of the expected revenue collected. Despite initial interest from nearly 3.9 lakh applicants, various issues like pricing, eligibility restrictions, and lottery-based allotment discouraged buyers. The government has now paused fresh applications, plans to auction unsold plots, revise fee structures, and convert unlaunched layouts into commercial zones under the Urban Development Authority.Read more

05 Aug 2025

Work under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Mysuru and Chamarajanagar has slowed due to a sharp increase in construction material and labour costs. In Mysuru, of the 20,908 sanctioned houses, work has begun on around 13,442, while in Chamarajanagar, approvals have been issued for just 10,712 of the 39,317 houses. The government grant of INR 1.2 lakh for general category and INR 1.8 lakh for SC/ST beneficiaries is no longer enough to cover construction expenses. Many beneficiaries have not yet received allotment letters, delaying the start of construction.Read more

05 Aug 2025

A newly built high-rise residential complex comprising 184 expansive flats for Members of Parliament is set to be inaugurated by Prime Minister Shri Narendra Modi. Located on Baba Kharak Singh Marg, the four-tower project was completed within two years by Sam India Infrastructure under the Central Public Works Department (CPWD). Designed with enhanced space and modern construction techniques, the flats offer generous amenities, including offices, helper rooms, and a community centre. With solar panels and sustainable features, the project aims to achieve a GRIHA 4-star rating.Read more

05 Aug 2025

Auto-component manufacturer Anand Automotive has purchased a 1,550-square-yard bungalow on Kautilya Marg in Delhi for INR 195 crore. With an additional stamp duty of around INR 13.65 crore, the total deal value comes close to INR 209 crore. The high-value transaction adds to a recent string of big-ticket bungalow deals in the capital. Earlier, Endurance Technologies MD Anurag Jain and Aakash Chaudhry of Aakash Educational Services had acquired similar properties in the same area for over INR 130 crore.Read more

04 Aug 2025

Bhubaneswar Development Authority conducted a transparent draw to allocate flats to urban poor under Affordable Housing Projects and in-situ slum redevelopment schemes. A total of 38 beneficiaries were assigned units across multiple sites, each required to contribute a specified beneficiary share. The Vice-Chairman reaffirmed the authority's focus on inclusive urban development and emphasised that infrastructure and basic services are integral to the housing effort. The initiative reflects a continuing commitment to relocate slum-dwellers into formal dwellings and enhance living conditions citywide.Read more

04 Aug 2025

Lodha Developers Ltd is preparing to establish a presence in the Delhi-NCR residential sector, with plans to acquire at least one land parcel during the current financial year. Managing Director and CEO Abhishek Lodha indicated that the company intends to enter the market cautiously, adopting a pilot-based approach and forming a dedicated local team. Known for its operations in Mumbai, Pune and Bengaluru, the developer has recently posted robust financial performance, reporting significant growth in both profits and income during the April-June quarter of the current fiscal year.Read more