27 May 2025

German-based IT services company Nagarro Enterprise Services Pvt Ltd has leased a massive 7 lakh sq ft of office space in Udyog Vihar, Gurugram marking one of the city's most significant commercial property deals in recent months. The lease spans 12 years with a three-year lock-in clause, at a monthly rent of INR 2.90 crore. The property, developed by Chimera Developers LLP, includes basement areas, five levels of parking, and upper office floors. With a rent escalation clause of 12% every three years and an INR 10 crore security deposit, the agreement reflects Nagarro's long-term operational commitment in India.Read more

26 May 2025

The Maharashtra Housing and Area Development Authority (MHADA) has taken control of the long-delayed redevelopment of the Parvati Building in South Mumbai. Approved back in 2013, the project remained incomplete due to failed developer appointments and non-payment of rent to displaced tenants. Earlier this week, MHADA informed the Supreme Court of its decision to proceed under Section 91-A of the MHADA (Amendment) Act, 2020. The agency will now manage the redevelopment directly and ensure interim housing or rental compensation for affected residents, potentially setting a precedent for other stalled projects across the city.Read more

26 May 2025

The Delhi Development Authority (DDA) recently introduced the 'Apna Ghar Awaas Yojana 2025', a major housing initiative that will provide 7,500 flats spread across Narela, Loknayakpuram, and Siraspur. The scheme offers a range of flats in categories such as Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and High Income Group (HIG), with discounts of 15% to 25% depending on the category. Bookings are scheduled to open soon on a first-come, first-served basis. This move is expected to further the DDA's long-standing commitment to affordable housing, especially for marginalised sections of Delhi's population.Read more

26 May 2025

India's real estate sector is undergoing a decisive phase of consolidation, according to Abhishek Lodha, MD and CEO of Macrotech Developers. He remarked that consumers, lenders, and landowners are increasingly inclined to associate with only a select few reputed developers. The trend, which intensified post-COVID, is expected to persist long-term. Lodha pointed out that while some concerns over demand slowdowns exist, these would likely be segmental and not industry-wide. Macrotech, operating across all segments, recorded INR 17,630 crore in bookings in the previous fiscal year and has set a target of INR 21,000 crore for the current year.Read more

26 May 2025

DLF Cyber City Developers Ltd (DCCDL), the joint venture between real estate major DLF and Singapore's sovereign wealth fund GIC, reported an 11% year-on-year rise in office rental income to INR 3,874 crore, driven by strong workspace demand and rental escalations. The retail rental segment also saw a 6% uptick, reaching INR 880 crore. With a massive 43 million sq ft of operational space, DCCDL continues to anchor DLF's commercial real estate strategy. Net profit rose sharply by 46% to INR 2,461 crore, bolstered by a one-time gain of INR 431 crore from an IT Park sale in Kolkata.Read more

23 May 2025

Former Indian cricketer Shikhar Dhawan has recently purchased a high-end apartment worth nearly INR 69 crore in DLF's ultra-luxury residential project, 'The Dahlias', situated on Golf Course Road in Gurugram. The 6,040 sq ft property was registered in a sale agreement reviewed by CRE Matrix, with the property value at INR 65.61 crore and an additional INR 3.28 crore paid in stamp duty. The Dahlias, launched by DLF in a 17-acre expanse last year, follows the success of 'The Camellias' and is expected to generate INR 35,000 crore in revenue.Read more

23 May 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a INR 1,500 crore loan from Bank of Maharashtra to kickstart the redevelopment of Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar. This marks the first financial closure under MMRDA's INR 8,498 crore Slum Rehabilitation Authority (SRA) project and its first direct involvement in slum redevelopment at this scale. Backed by Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde, the project aims to transform dense informal settlements into dignified residential zones. With a funding mix of institutional loans and internal revenues, MMRDA plans to deliver inclusive, sustainable redevelopment and set a model for future urban renewal efforts.Read more

23 May 2025

SmartHomes Infrastructure Pvt. Ltd., a key player in the development of Dholera Smart City, has recently secured official membership with CREDAI Ahmedabad GIHED, further cementing its status as a trusted real estate leader in Gujarat. With over a decade of experience, the company has successfully developed multiple large-scale integrated townships and pioneered landmark hospitality projects, including a collaboration with Marriott Hotels to introduce Dholera's first 5-star luxury hotel. This strategic alliance with CREDAI enhances SmartHomes' commitment to ethical practices, regulatory compliance, and collaboration, driving sustainable urban growth in India's first and largest Greenfield smart city.Read more

22 May 2025

Vineet Kapur, founder of skincare brand O3plus, and his wife Sonia Kapur have purchased a bungalow in Delhi's upscale Vasant Vihar for INR 72 crore. The 663 sq. m. property was registered this week, with a stamp duty of INR 1.8 crore. The deal reflects growing interest in luxury homes among affluent buyers, especially in South Delhi's prestigious MCD colonies near Lutyens' Bungalow Zone. Experts cite rising incomes, better infrastructure, and aspirational living as key drivers of this demand. Facilitated by CBRE, the transaction adds to a series of high-value deals in the area, underscoring strong confidence in Delhi's premium real estate market.Read more

22 May 2025

Dwarka Expressway has evolved into a prominent real estate hotspot, witnessing the launch of nearly 43,000 housing units over the past 15 years. As per a recent report by PropEquity, the launch price per sq. ft. surged by an impressive 397%, touching INR 18,668 in 2024. The stretch has particularly flourished in the last five years with sectors such as 113, 37D, 106, 111, and 103 accounting for 74% of new launches. With 4BHK configurations dominating and infrastructure growth fuelling demand, this corridor is rapidly solidifying its status as a lucrative investment zone.Read more