17 Jul 2025

Godrej Properties Ltd has forayed into the Raipur market with the acquisition of approximately 50 acres of land earmarked for premium plotted residential development. The project is expected to offer around 9.5 lakh square feet of saleable area. This strategic land purchase aligns with the company's broader vision to strengthen its presence in emerging real estate markets across India. The expansion highlights Godrej Properties' continued focus on diversifying its footprint beyond metropolitan hubs and into high-potential tier-2 cities.Read more

17 Jul 2025

Navi Mumbai witnessed a notable 40% rise in demand for premium office spaces in 2024, reaching 5.8 million square feet, according to CRE Matrix. With its status as one of India's most affordable office destinations averaging INR 65 per sq. ft. the region has drawn major leasing activity, particularly in hubs like Airoli, Ghansoli, Vashi, and Belapur. Gross leasing during the first half of this year surpassed 2.7 million sq. ft., and ongoing infrastructure projects such as the upcoming Navi Mumbai International Airport are expected to further stimulate leasing momentum.Read more

17 Jul 2025

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

16 Jul 2025

The Lucknow Development Authority (LDA) has launched an e-auction of 50 residential plots and two multi-storey commercial complexes, with a combined estimated value of INR 310 crore. The residential plots, located in Sector G of the Basant Kunj Scheme near Gau Ghat and the Green Corridor, measure 252 sqm each and are priced at a reserve rate of INR 32,955 per sqm. The auction also includes a 2.5-hectare land parcel in Gomti Nagar Extension, a 1,800 sqm commercial-cum-nursing-home plot in Vishal Khand, and two ready-built complexes in Ratan Khand and Mansarovar. These offerings were identified through a recent land audit.Read more

16 Jul 2025

Over the past three and a half years, Indian developers have launched residential plots worth an estimated INR 2.44 lakh crore across 10 prominent tier-I and tier-II cities, according to PropEquity. A total of nearly 4.7 lakh plots were introduced between January 2022 and May 2025. Cities like Hyderabad, Indore, Bengaluru, and Chennai led the trend, driven by rising demand for customisable homes and long-term investment potential. Despite a 23% annual decline in supply in 2024, prices surged 27% year-on-year, highlighting continued interest. The first five months of 2025 alone witnessed over 45,000 new plot launches.Read more

14 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more

14 Jul 2025

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering INR 771.09 crore for the hill city project near Pune. The bid is part of an ongoing insolvency resolution process for the debt-laden project, which has over INR 6,642 crore in liabilities. The resolution plan is in draft stage, subject to environmental clearances. This marks the third attempt to resolve Lavasa's insolvency after previous bids failed. The Committee of Creditors will negotiate further to maximize the offer, with a 90-day extension invoked for final evaluation due to complexities.Read more

13 Jul 2025

Peninsula Land Ltd. has acquired 28 acres of land in Alibaug and 3.5 acres in Karjat, Maharashtra, for residential developments, expecting to generate a combined revenue of INR 1,500 crore. These acquisitions align with the company's strategy to expand its land bank in key Mumbai Metropolitan Region (MMR) peripheral locations. The move capitalizes on the growing demand for second homes and plotted developments in these popular weekend destinations. The company aims to develop projects in high-growth corridors, building on recent acquisitions like 55 acres in Panvel.Read more

12 Jul 2025

KVN Properties is partnering with Assetz Group to develop a residential project in North Bengaluru, with an estimated Gross Development Value (GDV) of INR 1,000 crore. KVN Properties will invest INR 500 crore in the project, which spans nearly 6 acres and covers 10 lakh sq ft of developable area. This marks KVN Properties' second project, following a tie-up with Puravankara Ltd for a INR 3,300 crore GDV project.Read more

11 Jul 2025

NAREDCO Mahi hosted its 4th Convention in New Delhi, themed 'Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow'. The event focused on women's influence in driving sustainable and inclusive real estate, aligned with Viksit Bharat 2047. Key sessions covered affordable housing design, policy-industry collaboration, and women's leadership in urban planning. Speakers included government officials and industry leaders. The convention also launched NAREDCO NEXTGEN - North for young professionals and honored women achievers, reflecting efforts to foster professionalism, ethics, and global engagement in the sector.Read more