26 Jul 2025

Renowned filmmaker Subhash Ghai, in partnership with Crest Ventures and Mukta Arts, has leased out a commercial office space in Andheri West for a monthly rent of INR 3.38 lakh. The 7,500 sq ft office, part of the Crest Mukta development, has been let to Riya Healthcare for five years. The lease includes a 5% annual rent escalation and a total expected rental income of around INR 2.24 crore over the term. The agreement was formally registered earlier this week with a security deposit of INR 24.66 lakh.Read more

26 Jul 2025

Adani Group's subsidiary, Manorview Developers, has been appointed as the Engineering, Procurement, and Construction (EPC) contractor for Paytm's upcoming IT and ITes complex in Noida's Sector 159. This development follows Paytm's termination of a previous joint development agreement due to non-compliance with NOIDA regulations, leading the company to pursue the 10-acre project independently. The appointment of Manorview Developers signifies a significant step forward for Paytm's complex, originally allocated by the Noida Authority in 2018, and underscores the growing demand for large-scale IT infrastructure in the National Capital Region.Read more

25 Jul 2025

The Indian real estate sector is witnessing significant leadership changes at two prominent firms. Priyansh Kapoor, formerly Godrej Properties' Zonal CEO for the Mumbai Metropolitan Region, has been appointed as the new Whole-time Director and CEO of Arvind SmartSpaces (ASL), effective next month. His departure from Godrej Properties led to the appointment of Amitesh Shah as the new Zonal CEO MMR. Concurrently, Godrej Properties also announced Sandeep Navlakhe as its new Chief Operating Officer, following Vikas Singhal's resignation.Read more

25 Jul 2025

In Thiruvananthapuram, renovation of 186 dilapidated homes in Bonacaud is set for completion by December, offering plantation workers safe, dignified housing as a New Year's gift. Once part of the historic Bonaccord tea estate, workers had lived in rundown "layam" units since the estate's closure in the early 2000s. The INR 4 crore project is jointly funded by the labour and plantation departments. It aligns with Kerala's LIFE Mission, which provides secure housing and inclusive support to vulnerable groups. This initiative marks a major step in restoring dignity and stability for the long-marginalized plantation worker community in Bonacaud.Read more

24 Jul 2025

Sunteck Realty Ltd has signed a joint development agreement with a private landowner to build a luxury residential project on a 3.5-acre plot at Mira Road, Mumbai. Located along the Western Express Highway, the project will offer 5.5 lakh sq ft of saleable RERA carpet area, with an estimated Gross Development Value (GDV) of INR 1,200 crore. This move aligns with Sunteck's asset-light strategy focused on premium housing in emerging suburban markets. Known for upscale developments in Goregaon, Oshiwara, and Naigaon, the company continues to secure key land parcels through partnerships, aiming to meet rising demand in fast-growing transit-linked corridors.Read more

24 Jul 2025

The Lucknow Development Authority (LDA) has initiated an e-auction process for around 200 residential plots located across some of the city's most sought-after areas, including Basant Kunj, Priyadarshani Colony, Kanpur Road, and both Gomtinagar and its extension. The available plot sizes range from 60 m² to 252m². Complete details including base prices, plot numbers, and location maps are available online. This move follows a recent auction of premium plots and commercial complexes, forming part of the LDA's wider strategy to better utilize idle land and meet the city's growing demand for organized housing.Read more

24 Jul 2025

Beta Group, a USD 4 billion diversified transnational conglomerate, has formally entered India's real estate and infrastructure sector through a strategic investment in Anta Builders, a prominent Kerala-based construction and property development company. Beta Group will acquire a 10 percent stake in Anta Builders, valued at INR 550 crore, and will join its board. This partnership aims to jointly raise INR 500 crore for future projects, focusing on high-growth urban centers like Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.Read more

23 Jul 2025

DLF has officially exited the long-disputed INR 10,000 crore Tulsiwadi redevelopment project in South Mumbai after receiving INR 800 crore from Hubtown, ending years of litigation. The conflict began when a 900 crore loan from PNB Housing to the project's SPV was declared a non-performing asset in 2021, triggering share repossessions from DLF and Chinsha Property (Shapoorji Pallonji Group). DLF challenged the move legally but has now withdrawn all cases following the settlement. With DLF and Chinsha out, Hubtown gains full control. The project, near Willingdon Club in Tardeo, has three towers registered with RERA and fresh funding secured from Oaktree Capital.Read more

23 Jul 2025

Apartment sales priced below INR 1 crore dropped by 32% across India's top seven cities in the first half of 2025, according to a new JLL report, while demand for premium homes priced above INR 1 crore surged by 6%. Cities including Mumbai, Delhi-NCR, Bengaluru, and Hyderabad saw a clear market shift towards luxury offerings, with premium units comprising 62% of total apartment sales. Industry experts attributed this trend to rising affluence, lifestyle upgrades, favourable financing conditions, and robust infrastructure growth.Read more

23 Jul 2025

Shruti R Pai, wife of the Manipal Group Chairman, has purchased a INR 64 crore luxury duplex in Bengaluru's Jayamahal Extension from Savyasachi Projects. Spanning the 13th and 14th floors of the Savyasachi Sarayu project, the 9,929 sq ft carpet area unit sets a benchmark price of INR 64,457 per sq ft. The transaction highlights a growing wave of high-value residential purchases in Bengaluru, driven by UHNIs amid limited luxury inventory. Jayamahal, near Bangalore Palace, is a top hotspot, with recent deals by Nithin Kamath, Binny Bansal, and Kris Gopalakrishnan's family. Experts say such properties are increasingly acquired for legacy, lifestyle, or end-use.Read more