29 May 2025

Joon Realty has announced a capital expenditure of INR 1,125 crore to be deployed over the next three years as it enters the luxury real estate development sector across India. Moving beyond its legacy in land banking and infrastructure, the company intends to build premium residential, commercial, and mixed-use assets in tier 1, 2, and 3 cities. This strategic shift coincides with growing interest among India's affluent classes in lifestyle-driven, sustainable urban housing. The firm's robust land assets, history of executing large-scale infrastructure, and partnerships with established names like Tata Power and L&T position it to become a significant player in the next generation of Indian real estate development.Read more

29 May 2025

India's real estate sector is undergoing a remarkable transformation as Non-Resident Indian (NRI) investors elevate their stake from 7-10% a decade ago to nearly 20% today. This surge reflects NRIs' growing confidence in Indian property as a secure long-term asset, influenced by emotional ties, favourable currency rates, and improved market transparency. Luxury and premium segments, especially in cities like Gurugram, have become hotspots for NRI investments. Infrastructure developments and policy stability under RERA have further catalysed this trend, positioning Indian real estate as a preferred destination for wealth preservation among the diaspora.Read more

29 May 2025

Tamil Nadu Chief Minister M.K. Stalin inaugurated a 32-flat apartment-complex in Karur via video-conferencing. Built by the Tamil Nadu Urban Habitat Development Board in Velambadi, Aravakurichi, the project cost INR 2.95 crore and spans 0.165 hectares with a basement and three-floors. Each 400 sq ft unit features a bedroom, living room, kitchen, bathroom, and toilet, costing INR 9.23 lakh. During the ceremony, 30 beneficiaries received allotment-orders. Amenities include a groundwater tank, borewell, motor room, septic tank, drainage system, and street lighting. Allotment orders were handed over by District Collector M. Thangavel in the presence of officials.Read more

28 May 2025

The Prayagraj district administration has initiated stringent recovery actions against more than 2,000 beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) who received financial assistance but failed to construct their homes. The defaulters include 1,507 rural beneficiaries under PMAY-Gramin and 504 urban beneficiaries under PMAY-Urban. Notably, nearly 470 urban beneficiaries received financial aid almost six years ago but have yet to commence construction. The administration is preparing to issue Recovery Certificates (RCs) from the respective tehsils to reclaim the misused public funds.Read more

28 May 2025

Google IT Services India Pvt Ltd has renewed its lease for 870,000 sq ft of office space at Bagmane Capital Business Park in Bengaluru, reinforcing its long-term commitment to India's digital economy. The five-year lease covers two towers Kyoto East and West along the Outer Ring Road, with monthly rent set at INR 7.5 crore and a 15% escalation after the first and third years. Google also deposited over INR 38 crore as security. One of 2025 largest commercial leasing deals, the renewal signals Bengaluru's continued importance as a tech hub. It follows Google's broader real estate expansion across India, including major leases in Gurugram and Whitefield.Read more

28 May 2025

Century Real Estate, one of South India's major property developers, raised INR 1,850 crore in debt funding to strengthen its presence in Bengaluru's thriving residential and commercial property sectors. The funding round, led by Ares Asia and SC Lowy, will support both ongoing and upcoming developments. Ares Asia committed INR 1,600 crore in two instalments, while SC Lowy contributed INR 250 crore. This capital boost aligns with Century's broader strategy to capture rising market demand, particularly in the Grade A commercial and residential segments.Read more

28 May 2025

In a significant development within the commercial real estate segment, NBCC Ltd, a government-owned construction and consultancy firm, has secured an INR 161.55 crore project from Power Finance Corporation (PFC) for the complete interior fit-out of its newly purchased office space at the World Trade Centre in Nauroji Nagar, New Delhi. The Memorandum of Understanding between the two entities was signed earlier this week. The office space, spread across all ten floors of Tower-H (G+9), spans a total carpet area of 2,70,758 square feet. This collaboration highlights the growing demand for premium commercial spaces in strategic business districts.Read more

27 May 2025

The Goa Housing Board (GHB) has initiated a strategic shift by forming joint ventures with private developers for upcoming residential and commercial projects. This move aims to enhance construction quality and generate revenue for acquiring new properties, thereby expanding affordable housing options for Goans. Chairman Jit Arolkar emphasized that the GHB's investment would be limited to land, with private partners contributing to construction and project completion. This approach is expected to yield an additional 20% profit for the board, supplementing earnings from its own developments.Read more

27 May 2025

In a strategic move reflecting a broader family business reorganisation, Analjit Singh, founder of Max Group, has transferred ownership of a prime 2,140-square-metre bungalow on APJ Abdul Kalam Road in Lutyens' Delhi to Vstar Ventures for INR 152 crore. Both entities are owned by Singh, with the transaction executed through Delhi Guest Houses Pvt Ltd. Sahil Vachani, Vice Chairman and Managing Director of Max Estates and Singh's son-in-law, represented Vstar Ventures in the deal. The transfer, which includes a stamp duty and corporation tax payment of INR 11.7 crore, is part of a previously disclosed family settlement and does not involve any listed entities within the Max Group.Read more

27 May 2025

Real estate giant DLF is set to invest INR 10,000 crore across the current and following financial year to develop high-end office spaces and premium shopping malls, aiming to scale up its rental income significantly. With a commercial portfolio of 45 million square feet yielding over INR 5,000 crore annually, DLF is actively constructing new assets across Gurugram, Chennai, Delhi and Noida, driven by robust corporate and retail demand. Through strategic joint ventures with GIC and Hines, and backed by AAA credit ratings, the company plans to capitalise on India's cost-efficient Grade A++ commercial real estate segment.Read more