The Ahmedabad Municipal Corporation will soon allow property owners to self-assess their tax liability for new constructions using a digital platform. This initiative aims to streamline tax collection, reduce delays, and improve compliance by eliminating in-person inspections initially.
The BMC has invited developers to participate in the redevelopment of 64 slum clusters across Mumbai. The initiative is part of a large-scale housing upgrade effort targeting better living conditions and infrastructure for slum dwellers through private sector partnerships.
The Department of Town and Country Planning (DTCP) has warned residential welfare associations (RWAs) in Gurugram of strict action against illegal constructions within societies. The notice follows rising complaints about unauthorised extensions and commercial use of residential properties.
The number of home loan borrowers in Gujarat dropped 35% in FY25, but the average loan amount increased significantly. Experts attribute this to fewer affordable housing buyers and a higher share of premium segment transactions during the year.
Arvind SmartSpaces reported a 24% rise in consolidated net profit for Q4 FY25, reaching INR 19 crore, supported by robust sales and timely project deliveries. The company's total income stood at INR 136 crore. It continues to focus on expanding its presence in key micro-markets of Gujarat and Karnataka.
Maharashtra has extended the timeline for implementing its 'One State, One Registration' system by six months. This initiative aims to centralise and simplify property registration processes across the state. The delay has been attributed to pending technical integrations and system readiness across all districts.
The Supreme Court has dismissed the Finance Ministry's plea to disallow input tax credit (ITC) on GST paid for commercial property rentals. This judgement reinforces the Delhi High Court's earlier stance, allowing companies to continue claiming ITC on rented office spaces used for business purposes.
The Supreme Court ruled that no new developers can be brought into Jaypee projects without its explicit approval. This decision follows homebuyers concerns and insolvency complications involving Jaiprakash Associates. The court stressed maintaining transparency and protecting stakeholder interests before allowing any change in project developers.
The Trump Organization is investing USD 1.5 billion to develop ultra-luxury residential golf courses in Dubai and Oman. Promoted as the envy of Asia and the world, these high-end developments will include villas, mansions, and golf amenities. The move comes amid Trump's renewed global real estate ambitions post-presidency.
The Punjab and Haryana High Court has expressed concern over increasing cases of land fraud targeting absentee NRI property owners. The court highlighted lax property laws and fraudulent transfers by relatives and land mafias as major issues. Affected properties often go unnoticed until legal disputes arise, prompting a need for stricter verification norms.
Mumbai police have arrested the husband of a senior IPS officer in connection with a multi-crore real estate scam. The accused allegedly duped multiple investors and homebuyers under the guise of lucrative property deals. Investigations revealed misuse of connections and fake documents to extract large sums from victims.
Authorities in Chennai have initiated action against developers blocking public roads for their construction activities. This comes amid rising complaints from residents about inconvenience caused by ongoing real estate projects. Officials warned of strict penalties and even demolition in case of non-compliance, aiming to restore road access and civic order.
A Dubai-based firm has vanished overnight, leaving Indian investors in the lurch. The company, which had offices in Mumbai and Pune, allegedly duped people by promising high returns. Multiple complaints have been filed as the firm's offices were found shut and staff unreachable, raising serious concerns of a large-scale scam affecting scores of Indian investors.
German IT company Nagarro has leased approximately 7 lakh sq ft of office space at Candor TechSpace in Gurugram. The deal, finalised at a monthly rent of INR 2.9 crore, marks one of the largest commercial leases in the region in recent months. The lease tenure is nine years with a three-year lock-in period and 15% escalation every three years.
Man Infraconstruction reported a profit surge of more than 50%, driven by significant cost reductions and operational efficiency. The company's financial performance indicates a robust bottom-line expansion and reflects its focus on streamlined project execution in the real estate and infrastructure space.
India's core sector growth dropped to an eight-month low as crude oil, fertiliser, and refinery output weakened. This dip raises concerns about industrial momentum and could impact near-term infrastructure and construction demand linked to these core inputs.
Prime Minister Shri Narendra Modi is set to launch the first phase of Indore Metro and inaugurate two new airports this week, highlighting ongoing infrastructure expansion. These developments aim to enhance regional connectivity and boost urban mobility in Madhya Pradesh and beyond.
Leading hospitality brands are expanding their footprint with new hotel signings in Telangana and Maharashtra. These additions reflect continued investor confidence and growing tourism demand in key regional markets, strengthening the sector's post-pandemic recovery.
The Indian government plans to modernise foodgrain storage infrastructure with a proposed investment of INR 1,280 crore. The initiative aims to improve storage capacity and reduce post-harvest losses, supporting food security and rural economy enhancement.
Maharashtra's upcoming housing policy promises to transform affordable housing with technology-driven and inclusive measures. The policy is expected to streamline project approvals, boost private participation, and ensure better urban planning aligned with future real estate needs.
SmartHomes Infrastructure has joined CREDAI Ahmedabad GIHED, reinforcing its commitment to shaping Dholera's emerging real estate market. The membership is expected to provide strategic networking opportunities and support SmartHomes vision of integrated township development.
GMR Airports has assumed control of cargo operations at Delhi airport after security clearances for the previous handler were revoked. This transition is expected to improve operational control and streamline logistics at one of India's busiest airports.
The SilverLine semi-high-speed rail project in Kerala is experiencing delays due to political resistance, though officials remain optimistic about future approvals. The project is critical for enhancing state-wide mobility and reducing travel time significantly.
The Tata Group is set to convert Pushpavant Palace in Tripura into the state's first five-star heritage hotel. The restoration will boost tourism and preserve cultural heritage while enhancing the northeastern region's hospitality infrastructure.
Cricketer Shikhar Dhawan has purchased a luxury home worth INR 69 crore in DLF's upscale project, The Camellias, in Gurugram. The transaction highlights the rising demand for ultra-luxury real estate among celebrities and HNIs in NCR.
Sri Lotus Developers, backed by Shah Rukh Khan's family trust and Ramesh Damani's investment, has received SEBI approval for its INR 792 crore IPO. The offer includes fresh issuance of shares worth INR 600 crore and an INR 192 crore offer-for-sale. Proceeds will go towards project funding, debt repayment, and general corporate purposes.
MHADA has officially taken over a stalled redevelopment project in South Mumbai's Charni Road area that has been delayed for nearly 15 years. Originally managed by a private developer, the project saw no progress, prompting state intervention. MHADA plans to complete the project to provide long-awaited relief to displaced residents.
Indian banks are gearing up for an expected rate-cut cycle, adjusting their strategies around lending, deposits, and treasury operations. While policy rates remain unchanged, expectations of monetary easing are influencing banks to reprice loans and rebalance portfolios, especially in home and personal lending segments.
Apple supplier Foxconn will invest USD 1.5 billion in India through its subsidiary to support operational needs and expand its manufacturing footprint. The move is part of Foxconn's broader strategy to shift production from China to India and enhance local supply chain capabilities.
Suzuki Motorcycle India will invest INR 1,200 crore to set up a new manufacturing plant in Haryana. The facility will boost production capacity and support the company's growth plans in India's two-wheeler market. It aligns with the brand's long-term expansion strategy in the country.
Delhivery reported stable Q4 earnings and outlined growth plans focused on quick commerce and dark store logistics. The company is betting on faster delivery models and could benefit from increased demand in the e-commerce sector, while also evaluating opportunities like the Meesho-Ecom Express deal.
Tata Power has completed over 1.5 million rooftop solar installations and aims to double that to 3 million homes within three years. The company is targeting widespread adoption of solar energy across residential spaces as part of its green energy expansion goals.