ITC Hotels has inaugurated a new Welcomhotel property in Vrindavan, strengthening its presence in Uttar Pradesh. The hotel caters to both pilgrims and leisure travellers, featuring wellness services and eco-friendly design as part of the chain's sustainable hospitality approach. Source - PTI

Prestige Group has partnered with Aurm to offer military-grade safe deposit lockers within residential developments. The initiative aims to provide high-security storage solutions to residents, blending luxury with advanced safety features in premium housing communitie. Source - PTI

Radisson Hotel Group has added five new properties across key Indian markets as part of its expansion strategy. These include hotels in popular business and leisure destinations, aimed at boosting its footprint and brand visibility in India's growing hospitality sector. Source - PTI

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that in cases where a real estate project is transferred to a new developer due to compliance issues, the original developer remains responsible for addressing existing homebuyers' claims. This decision was made in the context of a stalled slum rehabilitation project in Mumbai's Andheri area, emphasizing that the incoming developer bears no liability for past obligations.

Luxury fashion house Chanel has purchased a building at 23 rue Cambon in Paris for EUR 118 million, situated close to its iconic flagship boutique at No. 31. This acquisition is part of Chanel's broader investment strategy to secure prime retail locations and reduce dependency on leasing, ensuring long-term presence in prestigious areas.

Co-working space provider Urban Vault has leased 50,000 square feet of office space in Bengaluru's Central Business District (CBD). This expansion reflects the growing demand for flexible workspaces in prime urban locations, catering to startups and enterprises seeking modern office solutions.

Prime Minister Shri Narendra Modi has initiated the redevelopment of 103 railway stations across India under the Amrit Bharat Station Scheme. The project aims to modernize station infrastructure, enhance passenger amenities, and improve overall travel experience, contributing to the nation's transportation development.

Chennai's real estate regulator has initiated action against developers who have been illegally blocking public roads, ensuring that public access is maintained and unauthorized constructions are addressed. This move aims to uphold urban planning norms and residents' rights.

The Punjab and Haryana High Court has raised concerns over increasing property fraud cases targeting Non-Resident Indians (NRIs) in Punjab. The court emphasized the need for stricter enforcement and protective measures to safeguard NRIs' property rights.

Fitch Ratings has revised India's average growth potential upwards to 6.4% until 2028, citing structural reforms and favorable demographics as key drivers. This positive outlook reflects confidence in India's economic trajectory.

The Central Bureau of Investigation (CBI) has initiated a probe into 24 real estate projects in Noida, Greater Noida, and along the Yamuna Expressway due to alleged financial irregularities in a subvention scheme that may have defrauded numerous homebuyers. Following an April 29 directive from the Supreme Court, the CBI sought project details from the three development authorities.

Max Estates reported a profit of INR 1,399 crore in the fourth quarter of FY25, marking significant growth. The company plans to continue this trajectory with new projects and strategic expansions in the real estate sector.

Mumbai's Slum Rehabilitation Authority (SRA) has issued tenders for local redevelopment projects aimed at improving living conditions in slum areas. The initiative seeks to partner with developers to transform these regions into organized housing sectors.

CREDAI-MCHI has requested MahaRERA to extend project completion deadlines by 12 months, citing ongoing delays in approvals from the state�s Urban Development Department (UDD). The developers' body argued that repeated extensions of UDCPR deadlines by the UDD have hindered timely implementation, especially for projects needing amended DCPR 2034 provisions.

The Haryana Real Estate Regulatory Authority (HRERA) has directed a developer to refund INR 67 lakh to a homebuyer for failing to deliver possession on time in the Gurgaon-based Pyramid Urban Homes 2 project. Despite paying the amount in 2015, the buyer has yet to receive possession. The authority ruled the delay unjustified and asked the builder to return the funds with interest, reinforcing the state's regulatory commitment to protect homebuyers' interests.

The Delhi-Meerut RRTS corridor is expected to be fully functional by June 2025, with over 80% work already completed. Once operational, the semi-high-speed rail will reduce travel time between Delhi and Meerut to under an hour.

The Rajasthan Chief Minister has approved the Detailed Project Report (DPR) for Phase-II of Jaipur Metro. The expansion aims to improve connectivity in the Pink City by covering new routes and easing congestion in rapidly urbanising zones.

The Telangana government is set to begin a large-scale land survey across 413 villages that lack proper maps or ownership records. The initiative aims to digitise land data, resolve disputes, and support future development planning in rural areas.

Nearly 100 hotels in Ghaziabad are operating without required documents and are now under scrutiny. Authorities plan legal action, citing safety risks and violations of urban planning norms, particularly in high-traffic commercial zones.

KSH Logistics has inaugurated a multi-client warehouse in Indore, furthering the city's rise as a logistics hub. The facility will serve major sectors including retail, e-commerce, and auto components, boosting supply chain efficiency in Central India.

The Ghaziabad Development Authority has paid farmers four times the circle rate for land acquired for its Madhuban-Bapudham housing scheme. This move aims to speed up land acquisition and promote smoother development of residential infrastructure.

Schloss Bangalore has set the price band for its IPO under the Leela brand, potentially making it one of the biggest hospitality listings. The offering is expected to attract strong investor interest, supported by the brand's luxury positioning and India's booming travel and tourism sector. Source - PTI

Macrotech's Abhishek Lodha highlighted a major transformation in Indian real estate, driven by consolidation, land monetisation, and growing consumer trust in branded developers. These factors are creating a stable and transparent market, boosting confidence in the sector's long-term potential. Source - PTI

DLF and GIC's joint venture is benefiting from rising demand for premium office spaces, leading to robust rental growth. Key business hubs remain attractive to global tenants, strengthening DLF's position in commercial real estate. Source - PTI

Hazoor Multi Projects has secured a contract worth INR 23 crore from the National Highways Authority of India for toll collection operations in Uttar Pradesh. The contract is expected to enhance the company's infrastructure portfolio and revenue visibility. As part of the deal, the firm will manage toll operations across a designated highway stretch, reinforcing its presence in transport infrastructure management. Source - PTI

GMR Hyderabad International Airport Ltd (GHIAL) will acquire the remaining stake in GMR Aero Technic's logistics venture as part of its broader land monetisation strategy. The move aligns with its focus on developing airport-adjacent land for integrated cargo and logistics operations. This acquisition supports GMR's efforts to maximise land utility and expand its real estate footprint within strategic airport infrastructure. Source - PTI

Marking 90 years, Moscow Metro is combining digital upgrades with heritage preservation. The initiative includes new technologies for commuters and enhancements to its iconic stations, maintaining its role as both a transit hub and cultural symbol. Source - PTI

Indonesian coffee chain Kopi Kenangan has opened its second Delhi outlet, strengthening its India presence. With plans for expansion in major cities, the brand is targeting India's booming cafe culture and urban youth market. Source - PTI

The Punjab and Haryana High Court has sought a reply from HSVP on how pond land was allocated for private housing in Panchkula. The court raised environmental and legal concerns, questioning the reclassification and use of water bodies for real estate development without clear justification.

The Municipal Corporation of Gurugram has issued notices to 22 property owners who together owe over INR 50 lakh in taxes. The defaulters include commercial properties and institutions. Authorities are warning of property sealing if payments are not cleared promptly.

The number of insolvency resolutions has surpassed liquidations for the first time under India's IBC framework. This shift indicates improved efficiency and growing success in reviving distressed firms, including those in the real estate sector, through structured resolution processes.

Officials in Telangana are pushing for more enforcement powers under the state's Fire Act, citing poor compliance with safety norms in high-rises. This follows recent fire incidents, with calls for amendments to include stricter penalties and better coordination between departments.