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

04 Jul 2025

Delhi NCR's residential market is undergoing a structural shift, as demand for high-rise, self-contained ecosystems sees notable growth. Vertical living is driving up both average unit prices and project configurations, with a 56% surge in ticket sizes in H1 FY2025-from INR 92 lakh to INR 1.45 crore-marking the highest jump among India's top cities. Sales volumes, average per sq. ft rates, and luxury launches have simultaneously risen. Infrastructure projects such as Dwarka Expressway, Jewar Airport, and the Delhi-Meerut RRTS are reshaping the real estate narrative, fuelling the transition toward smarter, vertical communities.Read more

04 Jul 2025

Thiruvananthapuram has led Kerala in residential project registrations under K-RERA for the first half of 2025, recording 1,068 units and surpassing all other districts. This performance reflects increased investor confidence and the city's appeal as a residential hub. The growth is driven by the operational Vizhinjam Port, upcoming IT projects, and demand from NRIs and tech professionals. While major cities like Ernakulam and Kozhikode also show robust trends, some districts recorded no registrations, highlighting varied development across the state.Read more

04 Jul 2025

The Ghaziabad Development Authority (GDA) has commenced direct land purchases for its ambitious Harnandipuram township project, covering over 336 hectares across five villages. Farmers have begun receiving compensation at four times the notified circle rate, with a total payout exceeding INR 5 crore so far. The project also promises 10% of developed plots to landowners, setting a more inclusive precedent. A detailed project report is being finalised, while major connectivity upgrades, including elevated road extensions to the RRTS and Delhi-Meerut Expressway, are also in the pipeline. This marks GDA's most extensive land initiative since Madhuban Bapudham.Read more

04 Jul 2025

Actor-director Aatish Kapadia and his wife Alison Kapadia have purchased a 3,030 sq ft luxury apartment in Goregaon, Mumbai, for INR 15.31 crore. The transaction was registered on June 25, with INR 91.86 lakh stamp duty paid. Located in Oberoi Realty's Elysian, the apartment includes three parking spaces. This acquisition highlights Goregaon's appeal as a well-connected hub for professionals and creatives. Other transactions in the same project totaled INR 1,035 crore in sales over the last year, reflecting strong demand in Mumbai's luxury real estate market.Read more

04 Jul 2025

Leasing of office spaces for Global Capability Centres (GCCs) in India rose by 24% to 31.8 million sq ft across seven major cities last fiscal year. GCCs accounted for 42% of pan-India office absorption in 2024-25. This growth, detailed in a Vestian report, is driven by India's skilled talent, cost benefits, infrastructure development, and favorable policies. Bengaluru led in GCC office space absorption, followed by Mumbai. GCCs are expected to further increase their market share, reflecting India's appeal as a global operations hub for conglomerates.Read more

04 Jul 2025

The Gujarat government has allocated 10 acres of land in the Dholera Special Investment Region (SIR) to the Tata Group for constructing residential apartments for its employees. This move supports Tata Electronics' (TEPL) INR 91,000 crore semiconductor fabrication unit in Dholera, India's first. The overall housing plan for Dholera's industrial ecosystem involves 1,500 serviced apartments. The Dholera SIR, envisioned as a greenfield smart city, is developing extensive civic infrastructure alongside industrial growth, aiming to create over 20,000 jobs and become a global semiconductor hub.Read more

03 Jul 2025

The Dharavi Redevelopment Project (DRP) has released its first eligibility list, identifying over 75% of tenement holders as eligible for new homes under the ambitious slum redevelopment initiative. The list covers 505 households in Mahim's Meghwadi and Ganesh Nagar, with 229 already cleared for resettlement and many others pending documentation or verification. Notably, the project offers inclusive rehabilitation to both residential and commercial units regardless of eligibility status and includes upper-floor residents, a first in Mumbai's redevelopment history. Residents have been invited to file objections or suggestions before the eligibility list is finalised.Read more

03 Jul 2025

The Allahabad High Court has allowed the registration of 220 flats in Noida's Grand Omaxe and Forest Spa projects after the developer offered to deposit an additional INR 25 crore with the Noida Authority. This payment is part of a broader settlement where the developer had already paid INR 93 crore. The ruling addresses a dispute that began in 2018 over denied sub-lease deeds due to unpaid dues, affecting 1,692 sanctioned flats. The court's decision, which follows the Uttar Pradesh government's December 2023 rehabilitation policy for stalled projects, clears hurdles for occupancy certificates and aims for finalization of home deliveries.Read more

03 Jul 2025

Keystone Realtors Ltd has secured a significant cluster redevelopment project in Andheri West, one of the city's most sought-after residential neighbourhoods. The developer has been appointed by eight housing societies for the redevelopment of a 4.75-acre parcel that currently houses 548 members. With development agreements already executed with five societies and Letters of Intent (LoIs) from the remaining three, the project is projected to create 10.6 lakh sq ft of saleable area, generating an estimated Gross Development Value (GDV) of INR 3,000 crore. This marks a major step in Keystone's strategy to strengthen its presence across high-potential suburban micro-markets in Mumbai.Read more