10 Jun 2025

CREDAI-NCR's western Uttar Pradesh chapter announced the election of Dinesh Gupta as its new president for the 2025-2027 term. The newly formed Executive Committee is prioritising practical solutions for pending unit registries with occupancy and completion certificates, resolving stalled project reconstructions, and ensuring strict adherence to the RERA Act. Alongside Gupta, four vice presidents, a secretary, joint secretary, and treasurer were appointed, representing prominent real estate firms in the region. This leadership change reflects CREDAI-NCR's continued efforts to strengthen governance and support timely project delivery in western UP.Read more

09 Jun 2025

The Greater Noida Industrial Development Authority (GNIDA) has initiated the allotment of 40 industrial plots in key sectors such as Ecotech, Udyog Kendra, and Udyog Vihar, aiming to foster entrepreneurship and industrial growth in the region. These plots, varying in size from 450 to 8,000 square metres, are priced between INR 28,600 and INR 33,950 per square metre. Entrepreneurs can establish units under 242 permitted categories, with certain restrictions on specific industries. Additionally, GNIDA has commenced the bulk land allotment process for a Multi-Modal Logistics Park near Dadri, covering 174.12 acres, to enhance logistics infrastructure.Read more

09 Jun 2025

Dubai-headquartered Emaar Properties' Indian arm, Emaar India, has announced its entry into the Lucknow residential market with a premium high-rise project named 'Elite Oasis'. Launched earlier this week, the development will come up at Gomti Nagar Extension, featuring 194 luxury units across a 2.923-acre site. With unit prices ranging between INR 2.75 crore and INR 4.15 crore, the total project investment stands at INR 400 crore. The company's CEO stated that Emaar would bring its global architectural expertise to meet the lifestyle aspirations of the city's affluent homebuyers.Read more

09 Jun 2025

Hyderabad's residential real estate sector encountered a slowdown earlier this year, with overall home sales dropping by 12% compared to the previous year. The total registration value also dipped marginally by 4%. However, the premium housing segment defied this trend, showing a notable increase in both sales share and value contribution. Properties priced above INR 1 crore rose to represent 20% of all registrations, up from 17% a year earlier, and accounted for over half of the total registration value. Demand for larger homes continued to grow, reflecting a clear buyer preference for more spacious and upscale residences.Read more

06 Jun 2025

Tata Digital Pvt Ltd has leased approximately 59,000 sq. ft. of office space across three floors at One International Centre in Mumbai's Lower Parel business district. The five-year lease covers the 15th, 16th, and 17th floors, with a monthly rent of INR 1.05 crore plus INR 12.32 lakh in CAM charges, totalling about INR 1.18 crore monthly. The lease includes a 5% annual rent escalation and a rent-free period from February 1 to July 15, 2025. Tata Digital has paid INR 7.07 crore as security deposit and secured 49 car parking slots, with additional parking available at INR 10,000 per slot. This move reflects sustained demand for premium office spaces in Lower Parel, a preferred hub for corporate occupiers due to its strategic location, connectivity, and modern amenities.Read more

06 Jun 2025

The Lucknow Development Authority (LDA) has launched two major housing projects-Udyog Nagar and Naimish Nagar-targeting the city's growing demand for affordable, well-planned residences. Udyog Nagar is envisioned as a modern township with green spaces, strong connectivity to commercial hubs, and integrated urban amenities. Naimish Nagar will offer varied housing options catering to diverse income groups, with an emphasis on affordability and quality. Both projects will be developed in phases, employing sustainable construction technologies aligned with national urban housing policies. Building on its successful track record of housing schemes for low- to middle-income groups, the LDA aims to further bridge the housing gap. The new townships will also feature recreational areas, schools, and healthcare facilities, contributing to community welfare. As Lucknow's infrastructure rapidly evolves, these projects are expected to drive residential growth and ease market demand.Read more

06 Jun 2025

Enzyme Office Spaces has leased 90,000 sq. ft. to accounting software firm Vyapar at its new Sarjapur Road centre in Bengaluru. The 1.2 lakh sq. ft. facility, with 3,000-seat capacity, is now nearly fully occupied, with only 30,000 sq. ft. remaining. The space was customised to Vyapar's operational needs, reflecting rising demand for flexible, tailored office environments among digital-first companies. Founder and CEO Ashish Agarwal noted strong interest from tech-driven businesses. Earlier this year, SUGAR Cosmetics leased 14,000 sq. ft. at Enzyme's Andheri East centre in Mumbai. Enzyme currently operates 32 centres across Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, totalling 1.55 million sq. ft. and 38,000 seats. Workspace pricing ranges from INR 5,000 to INR 25,000 per desk. As hybrid work models evolve, Enzyme's flexibility and customisation remain key draws for modern enterprises.Read more

06 Jun 2025

Signature Global is set to invest approximately INR 4,000 crore during the current financial year to acquire land and fuel construction activities across its residential projects in Gurugram. The company had allocated INR 1,070 crore in the past year towards acquiring 48 acres in Gurugram. Of the upcoming capital deployment, INR 1,200-1,500 crore will be used for land acquisition, while INR 2,500 crore has been earmarked for construction. The firm reported robust sales bookings of INR 10,290 crore during the last fiscal and is targeting INR 12,500 crore in the current one. Signature Global's strong financials reflect a significant rise in profitability and income, marking its ascent among India's top five listed real estate firms.Read more

05 Jun 2025

Prestige Estates Projects Ltd plans to launch 25 residential projects across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa this fiscal, covering 44.80 million sq. ft. with a projected gross development value (GDV) of INR 42,120 crore. The expansion follows a subdued FY25, when regulatory delays limited launches to 26.28 million sq. ft. (GDV: INR 26,222.8 crore). Pre-sales dropped 19% YoY to INR 17,023.1 crore, with sales volume down 38% to 12.58 million sq. ft. Despite the decline, Prestige reported strong pricing gains-apartment, villa, and commercial realisation rose 36% to INR 14,113 per sq. ft., while plot sales surged 50%. Net profit fell to INR 467.5 crore from INR 1,374.1 crore. With a robust launch pipeline and improved pricing trends, Prestige aims to regain growth momentum and reinforce its position in India's premium real estate market.Read more

05 Jun 2025

Godrej Properties Ltd has expanded its presence in Pune by acquiring a 14-acre land parcel in the Kharadi-Wagholi region for a premium residential project. This development is expected to generate INR 4,200 crore in revenue and will offer around 3.7 million square feet of developable area. According to the company's regulatory filing earlier this week, the project will focus on upscale group housing. The move aligns with Godrej Properties' broader strategy to grow its footprint across key micro-markets, with recent forays into new cities including Hyderabad.Read more