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

23 Jul 2025

Redevelopment has begun in Shanthipuram Colony, Kochi, where 197 families will receive new homes under the "Pocket Homes" model, replacing unsafe dwellings. Each compact cluster will house eight units on 0.75-cent plots, with homes costing INR 10 lakh each. The Kerala government is contributing INR 4 lakh per unit via the LIFE Mission scheme, while Kochi Corporation secured CSR funds from BPCL (INR 1 crore) and Sobha Group (INR 50 lakh) to cover the rest. Beneficiaries will receive registered land titles. Phase I includes 16 homes, supported technically by Azadi Group's engineering college. Earlier upgrades to roads and drainage have laid the foundation for this community transformation.Read more

22 Jul 2025

Delhi authorities have ramped up efforts to evacuate the structurally unsafe Signature View Apartments in Mukherjee Nagar, where only 85 of 336 flats have been vacated despite repeated warnings and a High Court demolition order. Originally built between 2007 and 2010, the complex showed severe structural damage within years. A 2022 IIT Delhi audit declared it uninhabitable. In response, the DDA will now provide monthly rent compensation-INR 50,000 for HIG and INR 38,000 for MIG flats-on a flat-wise basis from January 2025. Police deployment and service disconnections are being considered as last resorts. Reconstruction planning, compensation logistics, and investigations into construction lapses are ongoing.Read more

22 Jul 2025

Godrej Properties has acquired a 48-acre land parcel in Doddaballapur, North Bengaluru, for a plotted housing project spanning 1.1 million sq ft of saleable area. The outright purchase aligns with the company's strategy of investing in high-growth corridors to develop planned communities. This acquisition follows recent deals in Raipur, Bannerghatta, Whitefield, and Sarjapur Road, highlighting its aggressive expansion in the plotted and mixed-use development space. Demand for plotted homes has surged post-COVID, driven by consumer preference for larger, customizable living spaces. Godrej Properties also posted a record FY 2024-25, with bookings exceeding INR 29,400 crore and 14 successful new project launches.Read more

21 Jul 2025

Ashwin Sheth Group has acquired development rights for a four-acre land parcel in Goregaon West, Mumbai, with an estimated revenue potential of INR 3,800 crore. The project, spanning approximately 12 lakh sq ft of RERA carpet area, is set to rise on land owned by MHADA and includes tenant rehabilitation. The rights were secured after a re-tendering process, following a failed earlier agreement with a previous builder. Goregaon West remains a hot real estate zone with over INR 1,961 crore in sales last year, driven by strong connectivity and Metro Line 2A. Ashwin Sheth Group currently has over 7 million sq ft under development.Read more

21 Jul 2025

Ravi Agarwal, chairman of Lloyd Realty, along with Lloyd Group chairman Babulal Agarwal, has purchased six ultra-premium apartments in Kalpataru Prive, a high-end residential tower located on Altamount Road in South Mumbai. The transaction, valued at INR 227 crore, involves units spanning the 18th to 23rd floors with a total carpet area of 17,908 sq ft, at a rate of INR 1.26 lakh per sq ft. The deal also includes 24 car parking spaces.Read more

21 Jul 2025

State Street, a global financial services and asset management firm, has begun operations from its new Centre of Excellence at IndiaLand Tech Park in Coimbatore. The company has leased 2.1 lakh sq. ft. across four floors in Tower D of the LEED Platinum-rated IT SEZ campus in Saravanampatti. With other global firms like Amazon, Bosch, and Accenture already present, this move further anchors Coimbatore's position as a fast-growing hub for IT and BFSI sectors, offering a strategic alternative to India's metros due to its infrastructure, talent base, and sustainability-driven developments.Read more

18 Jul 2025

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

17 Jul 2025

Gurugram's residential property market has witnessed a substantial 67% increase in average prices between Q2 2023 and Q2 2025, according to the latest MagicBricks PropIndex. The average rate reached INR 16,186 per sq ft during the April-June quarter of 2025, up from INR 9,718 two years prior. Key micro-markets such as Dwarka Expressway, Golf Course Road Extension, Sohna Road, and New Gurugram are experiencing heightened demand. Dwarka Expressway led the growth, supported by major infrastructure enhancements and improved airport connectivity, making it the top choice for premium buyers and investors alike.Read more

17 Jul 2025

Office space solutions provider 91Springboard has made its foray into Chennai by leasing an entire commercial building in Guindy. With this 28,000 sq ft facility, Chennai becomes the ninth city in the company's pan-India network, which now spans over 1.5 million sq ft and includes 30,000 desks. The new centre will feature a mix of ready-to-use private suites and customised built-to-suit workspaces. 91Springboard attributed Chennai's commercial real estate growth to rising demand from sectors such as IT, BFSI, and Global Capability Centres.Read more