25 Jun 2025

Embassy Developments has signed a Joint Development Agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to launch a premium residential project spanning 1.6 million sq ft with around 1,000 units. Valued at INR 1,600 crore, this marks a major residential initiative post its merger and rebranding from Indiabulls Real Estate earlier this year. Whitefield remains a hotbed for housing demand, driven by proximity to IT hubs like TCS, IBM, and SAP, and home to projects like Prestige Raintree Park and Sobha Neopolis. With average rental yields at 4% and projected price appreciation of 25-30% by 2030, the area offers strong investment potential.Read more

25 Jun 2025

MHADA has slashed prices for 6,248 affordable homes in its Shirgaon and Khoni housing projects in Thane. The Shirgaon units now cost INR 19.28 lakh (down INR 1.43 lakh), while Khoni units are priced at INR 19.11 lakh (down INR 1.01 lakh). Available under a First-Come, First-Served model, the revised prices aim to boost homeownership. Separately, MBRRB is concluding its biometric survey of residents in Mumbai's transit camps. The survey, crucial for official registration, began in February. Non-participating residents risk being labeled unauthorized, risking eviction under MHADA Act Section 95(A)(3). The board urges full cooperation to avoid disqualification from future housing benefits.Read more

25 Jun 2025

Actor R. Madhavan and his wife Sarita have leased their 4,182 sq. ft. luxury apartment in Signia Pearl, BKC, Mumbai, to BP Exploration for INR 6.5 lakh per month. The two-year lease, registered on June 11, totals INR 1.60 crore. Signia Pearl, developed by Sunteck Realty, is home to celebrities and top business figures. Located in the Bandra Kurla Complex-Mumbai's premium commercial hub and BFSI hotspot-the area sees high rental demand from senior executives.Read more

24 Jun 2025

NCC Urban Infrastructure Ltd has entered Mumbai's real estate sector with a redevelopment project in Versova, involving 4 lakh sq ft of built-up area and projected revenue of INR 700 crore. Known for operations in cities like Bengaluru, Hyderabad, and Dubai, the company is expanding across western India. Redevelopment is a growing trend in MMR, with other out-of-region developers like Ramky Estates, Kolte Patil, and DLF also entering via similar routes. Mumbai's 25,000+ buildings eligible for redevelopment, along with government incentives and steady housing demand, make the region a lucrative choice. The move aligns with broader goals for affordable housing by 2030.Read more

24 Jun 2025

India's real estate sector is demonstrating remarkable resilience and optimism, outshining peers in the Asia-Pacific region even as markets in Greater China and Australia face subdued leasing activity. The latest Asia-Pacific Market Sentiment Survey by CBRE highlighted that India's major cities continue to witness robust office leasing driven by tech, BFSI, and GCC demand. The Market Sentiment Index for the office sector surpassed 70%, reflecting the highest confidence levels recorded to date. Retail leasing has remained steady despite a minor dip, with retailers pursuing growth in high-footfall zones, reinforcing India's appeal as a stable investment hub.Read more

23 Jun 2025

The Allahabad High Court has reinstated 100 acres of land to the Royal Golf Link City project, overturning its cancellation by GNIDA. The court found GNIDA's revocation flawed, especially since the developer had paid INR 56 crore and was penalised for procedural lapses not of its own making. Crucially, GNIDA allotted land before fully acquiring it from farmers, creating legal confusion. The court ruled that allotments must follow proper acquisition, leading to the suspension of three senior GNIDA officials for negligence. The verdict is expected to influence future land-related disputes and highlights the judiciary's stance on upholding procedural integrity in public land deals.Read more

23 Jun 2025

Metro Global Solutions Center Pvt Ltd (MGSC), the Indian technology and solutions unit of international wholesaler Metro, has leased 50,000 sq ft of office space from coworking space provider 315Work Avenue in Pune. This transaction expands 315Work Avenue's footprint in the city to six centres, encompassing 0.6 million sq ft and around 12,000 seats in projects by developers like Ascendas, Panchshil, and Raheja. Nationwide, the company operates across 45 locations in cities including Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, with a total portfolio of 3 million sq ft and 60,000 seats.Read more

23 Jun 2025

Ferguson, a major distributor in North America's USD 340 billion construction market, has inaugurated its Global Capability Centre (GCC) in Bengaluru in collaboration with ANSR. This move forms part of Ferguson�s larger digital transformation drive, aiming to elevate its global operational capacity, speed, and customer experience. The centre will play a vital role in areas such as AI, software engineering, ERP, CRM, and analytics. Over 50 professionals have already joined the facility, which is projected to scale significantly in the coming years while offering leadership roles and tech career prospects.Read more

19 Jun 2025

The Greater Noida Industrial Development Authority (GNIDA) has opened applications for a new housing plot scheme near the upcoming Jewar International Airport, aiming to spur residential growth in this high-demand corridor. Three prime plots are up for auction via e-bidding: an 18,215 sq. m. plot in Sector Mu (reserve price INR 97 crore), a 30,000 sq. m. plot in Sector Sigma III (INR 152 crore), and a 3,999 sq. m. parcel in Sector Alpha II (INR 25 crore). Applications close on July 4, with possession granted within 30 days post-allotment. The plots offer excellent expressway connectivity and are poised to benefit from the airport's launch.Read more

18 Jun 2025

Abhishek Lodha-led Macrotech Developers has officially changed its name to Lodha Developers after receiving approval from the Registrar of Companies, following a recent resolution of a trademark dispute with House of Abhinandan Lodha (HoABL), led by his younger brother. The legal battle, initiated earlier this year, stemmed from Macrotech's claim of trademark infringement against HoABL. However, under parental guidance, both brothers reached an amicable agreement. As part of the resolution, Abhishek retains exclusive rights to the 'Lodha' and 'Lodha Group' brand, while Abhinandan continues independently with the 'House of Abhinandan Lodha' brand.Read more