08 Jul 2025

Puravankara Limited has won the bid to redevelop eight residential societies in Chembur, Mumbai. This project covers about 4 acres with over 1.2 million sq ft of development potential and an estimated Gross Development Value (GDV) of INR 2,100 crore. The move expands Puravankara's presence in Mumbai's redevelopment sector, which now includes 3.6 million sq ft of projects across 11 sites in Mumbai and Pune. The company aims for a GDV of INR 18,000 crore from the western region, with INR 7,700 crore from redevelopment alone.Read more

08 Jul 2025

Bengaluru-based Sattva Group will invest INR 800 crore in Goa over the next two years, expanding its footprint following the success of its first project, Sattva Water's Edge. The move taps into growing demand for first and second homes, driven by Goa's improved connectivity and infrastructure. According to PropEquity, Goa's housing sales rose 5% to 3,585 units in 2024, with sales value jumping 32% to INR 5,726 crore. Sattva has completed 74 million sq ft across India and is planning entry into Mumbai. The Group is active in coworking, coliving, warehousing, and hospitality, and has filed a INR 6,200 crore REIT IPO with Blackstone-backed Knowledge Realty Trust.Read more

08 Jul 2025

Signature Global has acquired two land parcels totaling nearly 10 acres in Sohna, Gurugram, with plans to develop 5.3 lakh sq ft of housing space. This follows a strategic shift from affordable to mid-income and premium housing due to rising land costs. The company recently announced plans to invest INR 1,200-1,500 crore in land acquisition and INR 2,500 crore in construction for FY 2025-26. Signature Global posted a net profit of INR 101.2 crore in the last fiscal, with total income rising to INR 2,637.99 crore. With a strong development pipeline of over 67 million sq ft, it targets INR 12,500 crore in pre-sales this fiscal.Read more

07 Jul 2025

Kolkata's office leasing volume reached 11 lakh sq ft from January to July 2025, marking a 60% year-on-year increase and the highest half-yearly transaction volume in a decade. This surge was driven by large IT outsourcing and flexible workspace deals. Office vacancy rates dropped to 33.5%. However, the residential market saw an 11% sales decline and 29% drop in new launches. Despite this, unsold residential inventory decreased by 12%, showing a healthier market balance, indicating a strong commercial segment contrasting with a paused residential sector.Read more

07 Jul 2025

The Mumbai government has increased the monthly rent allowance for tenants of dilapidated cessed buildings to INR 30,000 during reconstruction, up from INR 20,000. This measure aims to better support tenants requiring alternate housing while their properties are redeveloped. Additionally, the government pledged to revoke NoCs for developers who have not commenced redevelopment projects under DCR 33(7) within three years. These steps highlight efforts to both financially assist residents and accelerate stalled urban renewal initiatives in Mumbai.Read more

06 Jul 2025

Arkade Developers Ltd has acquired Filmistan Pvt Ltd, the corporate entity owning the landmark 4-acre land parcel known as Filmistan Studios, situated on SV Road in Goregaon West, Mumbai. The acquisition, completed for a total investment of INR 183 crore, will allow the company to develop a premium residential project with an estimated Gross Development Value (GDV) of INR 3,000 crore. The company announced that it has entered into a binding agreement to purchase 100 percent of Filmistan Pvt Ltd through a Share Purchase Agreement.Read more

06 Jul 2025

India's top eight property markets witnessed a marginal 2 per cent decline in residential sales during January to June 2025, totalling 1,70,201 units, as per data released by Knight Frank. In contrast, office space leasing registered a 41 per cent surge, reaching 48.9 million square feet in the same period. The consultant highlighted that 49 per cent of residential sales were for properties priced above INR 1 crore, with prices rising by up to 14 per cent. Bengaluru, Delhi-NCR, Pune, and Kolkata led the commercial leasing recovery, with Bengaluru alone more than doubling its leased area.Read more

06 Jul 2025

India's top real estate developers are ramping up land acquisitions and investments for new housing projects. Godrej Properties has entered Panipat with a 43-acre residential plotted development expected to generate over INR 1,250 crore. Mahindra Lifespace Developers has acquired 9 acres in North Bengaluru for INR 200 crore through Shreyas Stones Pvt Ltd, with the combined development value estimated at INR 2,100 crore. Meanwhile, BPTP Group plans to invest INR 3,000 crore in a premium 1,600-apartment project in Gurugram's Sector 102 on Dwarka Expressway. These moves highlight continued developer confidence and focus on high-growth corridors like Panipat, North Bengaluru, and Gurugram to meet rising housing demand.Read more

05 Jul 2025

The Enforcement Directorate (ED) has conducted raids on Raheja Developers Ltd. and its directors in Delhi-NCR and Mohali, Punjab. The action is part of a money laundering case stemming from multiple FIRs by the Delhi Police's Economic Offences Wing. Allegations claim Raheja Developers fraudulently collected funds from investors and homebuyers by promising residential flats but failing to deliver them. During the searches on June 27, the ED seized documents and digital devices, marking a step in the ongoing investigation into alleged homebuyer fraud.Read more

05 Jul 2025

The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Keystone Realtors for the redevelopment of Sindhi refugees housing in Sion Koliwada, Mumbai. This project targets over 1,200 families. The colony, covering 11.20 acres, housed buildings demolished in 2020 due to being unsafe. Each eligible family will receive a free 635 sq ft apartment, along with INR 20,000 monthly rent during construction and five years of maintenance. Executed under DCPR Regulation 33(9), this marks MHADA's first private land redevelopment through an appointed agency.Read more