The Ghaziabad Development Authority board will convene next week to discuss the master plan and land rates for a proposed new township. The meeting will focus on land acquisition rates and infrastructure planning. This initiative is part of Ghaziabad's broader expansion strategy to accommodate the city's growing residential and commercial demand.

Navi Mumbai Municipal Corporation (NMMC) has urged all property owners to complete KYC for updating records and streamlining tax collection. The deadline is May 31, 2025, and failure to comply may attract penalties. KYC can be completed online or at municipal offices, and is part of the city's push for a digitised, transparent property tax system.

Flat registries in nine Greater Noida projects have stalled due to developers owing more than INR 400 crore in land dues to the Greater Noida Authority. Despite buyers completing payments, registries cannot proceed until developers clear their dues. Affected projects include sites developed by Ajnara, Amrapali, Supertech, and others, with no resolution timeline provided yet.

B L Kashyap & Sons has secured a construction contract worth INR 510 crore for the Sky Palazzo Residences project in Gurugram. The luxury residential project adds to the firm's strong portfolio of urban developments. The contract is expected to significantly contribute to the company's order book for FY25.

With the retirement of its sole member, the Odisha Real Estate Regulatory Authority has become defunct. No new appointments have been made, leaving developers and homebuyers in limbo regarding dispute resolution and project approvals. Stakeholders are urging the state government to expedite the appointment process.

Uttar Pradesh RERA has issued a warning to developers, instructing them not to hand over incomplete flats to homebuyers. The directive follows multiple complaints about possession without amenities and pending approvals. The authority stressed strict action against violators under RERA norms.

Brihanmumbai Municipal Corporation (BMC) has razed five unauthorised high-rise buildings in Versova. These constructions, built without approvals, posed safety risks. The action is part of an ongoing crackdown against illegal structures across the city. Residents and civic activists welcomed the move.

Gurugram Metro Rail Ltd (GMRL) has approached authorities for land clearance to build 10 stations under the new metro corridor. This step is vital for commencing construction. The corridor is part of a long-pending metro expansion project expected to ease urban traffic.

Residents of Pune's Chikhali and Charholi areas are strongly opposing a proposed town planning scheme, citing concerns over unfair land acquisition and inadequate compensation. Locals have submitted objections and requested that the scheme be revised. Authorities are reviewing the feedback before proceeding with the final layout and implementation.

Uttar Pradesh has notified Bye-law 2025, aiming to simplify and enhance transparency in property transfer and tax collection. The new policy digitises records, introduces standardised procedures, and reduces human intervention. It is expected to streamline municipal revenues and curb irregularities in property transactions.

The Chandigarh administration has revived efforts to digitise estate records, a process that has faced multiple delays over the years. Officials are now working on a comprehensive plan to upload ownership and leasehold details online, improving transparency and public access to land-related data.

The Gaya Industrial Smart City project has received the central government's green signal. The initiative will include industrial clusters, logistics hubs, and smart infrastructure, boosting development in Bihar. It is expected to attract investments and generate employment in the region.

The planned upgrade of the Narangpur-Rampura arterial road is expected to significantly improve connectivity in Gurugram's new sectors. Real estate developers and analysts believe this move will unlock residential potential and drive growth in underdeveloped zones along the Dwarka Expressway belt.

India's retail real estate market recorded 3.1 million sq ft of leasing activity in Q1 2025, according to JLL. Bengaluru led the market, followed by Mumbai and Delhi NCR. The rise was attributed to expansion by fashion, F&B, and lifestyle brands, indicating strong demand for physical retail space.

Capital raising in the Indian real estate sector has tripled year-on-year in early 2025, defying sluggish stock market trends. Developers are tapping into private equity and debt instruments to fund projects, showing strong investor interest in real assets. Analysts see this as a vote of confidence in long-term housing demand.

The warehousing sector in India witnessed 16.7 million sq ft of space leasing in Q1 2025, with Mumbai leading in absorption. The growth was driven by robust activity in e-commerce, third-party logistics, and manufacturing sectors. This reflects continued confidence in the logistics sector and ongoing expansion in industrial corridors.

A sharp rise in the prices of building materials such as cement, steel, and bricks has disrupted construction activities in Coimbatore. Builders and developers are struggling to maintain timelines and budgets, with some projects facing delays or cost escalations. Industry bodies are urging state support to stabilise material rates.

Ravi Infrabuild Projects has filed draft papers with SEBI for an INR 1,100 crore IPO. The infrastructure company plans to use the funds for debt repayment, working capital, and general corporate purposes. The IPO reflects increasing investor interest in infrastructure-focused firms amid India's growth in highways and urban development.

The NSE SME IPO of Virtual Galaxy Infotech opened with a positive response. The company, focused on IT and cloud services, has set a competitive price band and seen early subscription interest. Investors are watching closely as tech-based SME listings continue to gain momentum in India's capital markets.

L&T Realty has acquired a 34-acre land parcel in Panvel, close to Mumbai, for a large-scale residential development. The strategic acquisition is expected to tap into rising demand in the MMR region. The area benefits from infrastructure projects like Navi Mumbai Airport and enhanced connectivity through upcoming rail and road links.

Madurai Corporation collected INR 54.91 crore in property tax in April 2025, surpassing its monthly goal of INR 50 crore. The performance was driven by targeted recovery efforts and digital payments, setting a promising tone for the fiscal year.

Construction in Coimbatore is facing a slowdown due to rising costs of key building materials like cement, steel, and M-sand. Developers report that project costs have increased by 15-20%, leading to delays and financial strain. Industry bodies are urging the government to stabilise prices and offer relief to ensure ongoing and upcoming projects stay on track.

The Ludhiana Municipal Corporation has launched a vigorous drive to collect pending property tax for FY25. Notices have been issued to defaulters, with teams conducting field visits for recoveries. The corporation also plans to disconnect water and sewerage connections in case of non-payment. The revenue department is pushing for higher compliance to boost municipal funds.

The Gujarat government has approved INR 2,204 crore for over 1,100 urban development projects. These include roads, water supply, sanitation, and infrastructure upgrades under schemes like AMRUT 2.0 and Swarnim Jayanti Mukhya Mantri Shehri Vikas Yojana, aiming to improve urban living standards across municipalities and municipal corporations.

The Gujarat government has approved INR 2,204 crore for over 1,100 urban development projects. These include roads, water supply, sanitation, and infrastructure upgrades under schemes like AMRUT 2.0 and Swarnim Jayanti Mukhya Mantri Shehri Vikas Yojana, aiming to improve urban living standards across municipalities and municipal corporations.

U.S.-based CoStar Group has announced its acquisition of Australian property portal Domain Holdings for USD 1.9 billion. The deal strengthens CoStar�s international presence and adds to its growing portfolio of digital real estate platforms. Domain is a major competitor to REA Group in Australia�s online property market.

Nagpur Municipal Corporation has cleared encroachments from a prime Khamla plot to pave the way for constructing a five-star hotel. The land, earmarked for commercial use, had been occupied illegally for years. The civic body aims to attract private investment and boost the city's hospitality infrastructure.

U.S.-based CoStar Group has announced its acquisition of Australian property portal Domain Holdings for USD 1.9 billion. The deal strengthens CoStar's international presence and adds to its growing portfolio of digital real estate platforms. Domain is a major competitor to REA Group in Australia's online property market.

Nagpur Municipal Corporation has cleared encroachments from a prime Khamla plot to pave the way for constructing a five-star hotel. The land, earmarked for commercial use, had been occupied illegally for years. The civic body aims to attract private investment and boost the city's hospitality infrastructure.

UP RERA has warned developers that handing over incomplete flats could attract penalties of up to 5% of a project�s total cost. The authority emphasised the need to deliver fully compliant units with occupancy certificates to protect homebuyers' rights and uphold construction quality.

LondonMetric has acquired Urban Logistics REIT in a GBP 924 million all-share deal. The merger combines two major players in the UK logistics real estate market, enhancing their portfolio strength and tenant diversity. The move comes amid rising investor interest in last-mile delivery and warehousing assets.

UP RERA has warned developers that handing over incomplete flats could attract penalties of up to 5% of a project's total cost. The authority emphasised the need to deliver fully compliant units with occupancy certificates to protect homebuyers' rights and uphold construction quality.