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

11 Jul 2025

Mittal Builders has partnered with House of Abhinandan Lodha (HoABL) to develop an 11-acre housing project in Naigaon, Mumbai Metropolitan Region (MMR), with a planned investment of INR 2,000 crore. The project, launching in Q2 FY26, is expected to yield over INR 3,000 crore in Gross Development Value (GDV) over 3-5 years. It includes over 4,600 apartments and high-street retail. This Joint Development Agreement (JDA) combines both firms' strengths in what Mittal Builders calls a fast-growing center, marking HoABL's entry into group housing.Read more

11 Jul 2025

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

11 Jul 2025

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

11 Jul 2025

Zomato co-founder Deepinder Goyal purchased a premium apartment spanning nearly 11,000 sq ft in DLF's ultra-luxury residential development, 'Camellias', located on Golf Course Road, Gurugram, for INR 52.3 crore. The transaction was executed in August 2022 and formally registered a few months ago, according to data analytics platform Zapkey. Industry experts now estimate the property's current market value to be between INR 125 crore and INR 150 crore, reflecting the sharp appreciation in Gurugram's luxury housing segment. DLF has since launched another high-end project in the vicinity, titled "The Dahlias".Read more

11 Jul 2025

The Telangana government has sanctioned over 13,200 homes for Chenchu tribals under the Indiramma housing scheme. This initiative aims to provide dignity and security, particularly for Chenchu tribal women, by issuing housing sanction letters in their names. Revenue Minister Ponguleti Srinivas Reddy stated the scheme includes free sand and other construction assistance, with funds released weekly based on progress. This step seeks to provide permanent housing for the Chenchu tribals, who have historically lived in temporary shelters, and uplift marginalized communities.Read more

11 Jul 2025

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more

10 Jul 2025

Puravankara Group has signed a joint development agreement (JDA) for a INR 1,000 crore housing project on a 5.5-acre land parcel in Balagere, East Bengaluru. The project will offer 0.83 million sq ft of saleable area and is expected to launch within 6-9 months. While the landowner and revenue-sharing terms remain undisclosed, the deal aligns with Puravankara's strategy to expand in Bengaluru's high-growth micro-markets. Balagere's appeal lies in its proximity to major IT hubs and established infrastructure. Earlier this year, the company secured projects on Kanakapura Road and in North Bengaluru, collectively valued at INR 4,000 crore. Puravankara operates across nine cities with 90+ completed projects.Read more

10 Jul 2025

The Lucknow Development Authority (LDA) will begin online registrations on July 11 for 332 residential plots under the Anant Nagar Scheme. This second phase of the 785-acre eco-friendly township will offer plots from 112.5 to 450 sqm and will be allocated through a lottery system. The scheme includes housing for Economically Weaker Sections (EWS) and Low-Income Groups (LIG), with 5,000 units, and 3,000 PMAY homes. Featuring an Edutech City and zero-liquid-discharge systems, the project aims to house over 25,000 people, following a strong response to its first phase.Read more

10 Jul 2025

The Delhi Development Authority (DDA) plans to auction 118 residential plots in Vasant Kunj, South Delhi, after developing essential infrastructure. The DDA has issued a tender to hire an agency for planning, demarcation, and infrastructure development, including roads, sewage, and water systems. The INR 7.5 crore project, expected to complete within 12 months, will adhere to CPWD and NGT norms. This move aims to prepare the plots for auction, signaling new housing opportunities in a premium city area.Read more