04 Aug 2025

Four CIDCO plots located in Nerul's Sector 28 were sold earlier this week for a record INR 7.65 lakh per square metre, fetching nearly INR 1,500 crore in total. The plots were awarded to Parth Life Spaces through CIDCO's tender process. Real estate experts linked the high bid to the upcoming Navi Mumbai International Airport and increasing land scarcity in prime nodes. However, concerns have been raised that such pricing could push average property rates to INR 50,000 per square foot, affecting housing affordability for middle- and lower-income groups in the area.Read more

04 Aug 2025

The Cascades Neopolis in Hyderabad has become the world's largest and India's only residential development to receive the WELL v2 Pre-Certification Platinum from the International WELL Building Institute (IWBI), highlighting a transformative milestone for the country's residential real estate sector. Developed by GHR Lakshmi Urbanblocks Infra LLP'a consortium of GHR Infra, Lakshmi Infra, and Urbanblocks Realty the 63-storey luxury project has been assessed across ten key wellness parameters including air, light, water, and community. It now stands as a benchmark for health-centred design, sustainability, and futuristic urban living in India.Read more

03 Aug 2025

In a significant step towards providing affordable housing, 679 houses have been successfully completed under the Pradhan Mantri Awas Yojana (PMAY) in Bhaderwah, Jammu & Kashmir. This achievement, part of the central government's initiative to house underprivileged families, marks a notable milestone in rural infrastructure and welfare for the region. Bhaderwah Block Development Officer Yasir Ahmed W confirmed the completion, highlighting the government's commitment to "Housing for All," with a special focus on improving living conditions for poor and tribal families who previously resided in unsafe dwellings.Read more

02 Aug 2025

Actor Akshay Kumar recently sold two flats in Borivali East, Mumbai earning nearly 91% profit on the transaction. The combined sale value stood at INR 7.10 crore. These properties, located in Oberoi Sky City, were originally purchased in 2017. One of them, a 1,101 sq ft apartment, fetched INR 5.75 crore, while the smaller 252 sq ft unit was sold for INR 1.35 crore. The resale took place earlier this week, with both transactions showing significant appreciation and highlighting strong demand in the western suburbs.Read more

02 Aug 2025

TIKIDAN, a long-standing player in the construction chemicals sector, has launched Revestidan Protect Max in the Indian market to address the growing need for efficient waterproofing on exposed surfaces. Engineered with polyurethane hybrid technology, this new solution provides long-lasting protection from water seepage, UV exposure and structural wear. It is suitable for a wide range of surfaces and is especially useful for re-waterproofing and areas prone to damage such as high-rise rooftops and zones beneath water tanks. Its seamless application reduces the need for repairs while enhancing surface durability.Read more

01 Aug 2025

The Telangana Housing Board recently conducted an online auction for a one-acre commercial plot in KPHB Phase 4 that fetched over INR 65 crore. Winning the bid was the Institute of Chartered Accountants of India (ICAI), amid competition from eleven bidders. Simultaneously, 131 Rajiv Swagruha apartments in Bandlaguda were allocated by lottery to middle-income beneficiaries, raising INR 26 crore in total. These transactions reflect the government's continuing strategy to provide affordable urban housing while netting revenue from surplus assets.Read more

01 Aug 2025

ATS Infrastructure has fully repaid INR 190 crore, covering both principal and interest, to the government-backed SWAMIH Fund after completing its previously stalled residential project 'ATS Marigold' in Gurugram. The SWAMIH Fund had invested INR 133 crore in the project back in February 2021, providing crucial support during a financial crunch. With all 422 units across six towers completed, the project has now secured an occupation certificate. The repayment underscores the fund's impact in reviving stressed projects, especially those derailed due to the NBFC crisis and the pandemic.Read more

01 Aug 2025

Godrej Properties has forayed into the Vadodara real estate market by acquiring approximately 34 acres of land for the development of a residential project comprising premium plots. This move marks the company's entry into the city as part of its broader Gujarat expansion strategy. Previously, the firm had acquired a 3-acre parcel in Ahmedabad's Vastrapur area. The new Vadodara project will focus exclusively on plotted residential offerings, reflecting growing demand in the region.Read more

01 Aug 2025

Flexible workspace provider Incuspaze has leased 3 lakh sq. ft. across three properties in Jaipur-The Edge, Sitapura Campus, and GT Landmark-marking a strategic expansion into Tier 2 markets. The move aligns with rising demand from GCCs and innovation-led companies. Jaipur's growing appeal lies in its infrastructure, affordability, and talent pool. Nationwide, flexible space operators leased 1.6 million sq. ft. in Tier 2 cities in 2023, with Jaipur seeing a 74% YoY leasing surge in Q1 2025. Incuspaze now operates in 18+ cities with a 4 million sq. ft. portfolio, aiming for INR 350-400 crore revenue in FY26 and an upcoming IPO.Read more

31 Jul 2025

The Uttar Pradesh government has secured INR 12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0. This funding aims to provide permanent houses to the urban poor across the state, aligning with the "Housing for All" initiative. Chief Minister Yogi Adityanath has stressed transparency and quality, ensuring each house is geo-tagged, photographed, and designed with disaster-resilient features. With construction costs shared between central and state governments, this move is set to boost social security for the urban poor and support integrated urban development throughout Uttar Pradesh.Read more