OYO is entering the food and beverage segment by launching in-house kitchens and QSR-style carts within its serviced hotels. The initiative aims to improve guest experience and unlock a new revenue stream. Initially, the offerings will be rolled out in key cities before expanding to smaller markets. OYO plans to manage the service internally.
The Nagpur Improvement Trust (NIT) has sent a proposal to the Nagpur Municipal Corporation (NMC) seeking the takeover of 185 fully developed layouts. These areas include essential infrastructure like roads and streetlights. The move is expected to reduce NIT's operational burden and enhance local governance by integrating the layouts into the municipal system.
GHMC is considering a higher property tax for residents frequently dumping garbage in open spaces. The civic body is exploring policy measures to discourage unauthorised waste disposal in vacant plots. This comes amid rising complaints and environmental concerns. The move is intended to improve civic hygiene and enforce stricter accountability.
The Chandigarh administration has removed around 300 properties from its resumed property list after verification. These properties, mostly residential, had earlier been marked for resumption due to ownership and usage issues. The updated list will now help streamline land records and offer relief to compliant property owners.
Bhubaneswar Municipal Corporation (BMC) will launch an awareness drive to inform citizens about Completion Certificates (CC) and Occupancy Certificates (OC) for housing projects. The initiative aims to educate homebuyers on the importance of these legal documents to ensure safety, legality, and proper utility connections in completed buildings.
Panchshil Realty has announced plans to invest INR 1,000 crore in a large-scale IT park in Indore. The project will cater to the rising demand for commercial space in Madhya Pradesh and is expected to boost employment and regional growth. The investment aligns with the developer's expansion strategy beyond Maharashtra.
Kanpur Municipal Corporation has demolished over 500 illegal structures across the city as part of an anti-encroachment drive. The action aims to clear public land, ensure planned urban growth, and deter future violations. The cleared spaces will be used for civic projects and infrastructure improvements.
Greater Chennai Corporation (GCC) has issued a mandate requiring builders to implement dust control measures at construction sites. Non-compliance will attract penalties. The step aims to address rising pollution levels and protect public health amid increasing complaints about poor air quality near project sites.
The Saran district in Bihar recorded INR 200 crore in revenue through land registrations in FY25. This surge highlights a boost in real estate activity and improved administrative efficiency. Officials attribute the growth to digital reforms and increased public awareness of legal land transactions.
Germany has eased certain real estate regulations following signs of market stabilisation. The government plans to boost housing supply and restore investor confidence after a period of subdued activity. The changes aim to stimulate development and support the country's housing goals amid reduced inflationary pressure.
NHAI has launched an 88-km Greenfield Expressway between Agra and Gwalior to boost connectivity and tourism. The INR 4,613 crore project, awarded to G.R. Infraprojects Ltd., will feature eco-friendly elements like a cable-stayed bridge over the Chambal River and is expected to enhance logistics and travel across UP, Rajasthan, and MP.
Mumbai saw over 47,000 property registrations from January to April 2025, setting a new record despite market slowdown. Revenue collection stood at INR 800 crore, with March leading in registrations. Stable interest rates and strong end-user demand contributed to the growth.
Former cheerleader Jordon Hudson has reportedly amassed an INR 66 crore (USD 8 million) real estate portfolio since dating NFL legend Bill Belichick. Her investments include residential properties across prime locations, highlighting a shift in financial independence and investment acumen among young influencers and celebrities entering the real estate space.
N Saravana Kumar has been appointed as the new Vice Chairman of the Delhi Development Authority (DDA). With his previous experience in finance and administration, his leadership is expected to influence upcoming urban planning, housing initiatives, and infrastructure developments in the national capital.
India's top seven cities recorded 17.9 million sq ft of office space absorption in Q1 2025, a 43% year-on-year rise. Bengaluru led with a 33% share, followed by Hyderabad and Pune. The IT sector, BFSI, and flex spaces were key drivers, indicating a strong commercial real estate recovery.
Real estate prices in Bengaluru's core areas remain high and unlikely to fall, prompting homebuyers to explore more affordable properties on the city’s outskirts. Peripheral areas like Devanahalli and Sarjapur are gaining traction due to better affordability, new launches, and improved connectivity.
The Supreme Court is scheduled to hear the long-pending Amrapali Group case in July. The case involves delayed home deliveries, financial mismanagement, and compensation for affected homebuyers. The outcome will be critical for thousands awaiting possession and future builder accountability.
More than 4 lakh homes were delivered in FY25 across India's top nine cities, marking a 7% annual increase. However, the Delhi-NCR region saw a 15% decline in deliveries, suggesting execution delays. Pune, MMR, and Hyderabad led completions, indicating improving project efficiency in these markets.
Actor Sohail Khan has leased a commercial shop in Bandra West, Mumbai, for INR 10.3 crore over five years. The tenant, a jewellery company, will pay INR 1.7 lakh monthly with a 15% rent escalation every three years. This adds to a trend of celebrities investing in lucrative rental assets.
Senior advocate Arun Kathpalia has purchased a bungalow in Delhi's elite Golf Links locality for INR 69 crore. The 375 sq yd property was acquired from Darshan Properties, reflecting ongoing demand for ultra-luxury real estate in Lutyens Delhi despite high prices and limited supply.
IBI Media Technologies has acquired RoofandFloor, a real estate portal previously owned by The Hindu Group. The move is expected to strengthen IBI's presence in digital property listings and lead generation. The acquisition aims to consolidate real estate media and tech services under one umbrella, expanding its market outreach and customer base.
The Enforcement Directorate (ED) conducted raids at Ansal API's offices in Delhi, Noida, and Ghaziabad in connection with an alleged INR 600 crore fraud case. The probe centres around financial irregularities and misappropriation of funds, intensifying regulatory scrutiny in the real estate sector.
Over 32 tenants in Bengaluru were allegedly defrauded by a builder who leased them flats that had already been sold to other buyers. Tenants claimed they were shown ownership documents and charged significant deposits. Police investigations are underway amid rising concerns over tenancy fraud in the city's real estate market.
Mumbai-based Supreme Universal has sold a sea-facing duplex apartment in Malabar Hill for INR 174 crore. The high-value deal adds to a recent trend of ultra-luxury real estate transactions in South Mumbai, reflecting strong demand for premium homes in prime locations.
The Kalyan-Dombivli Municipal Corporation (KDMC) has razed 167 unauthorised buildings in Baneli village as part of its crackdown on illegal constructions. The civic body is continuing its enforcement drive to ensure compliance with building norms in the Mumbai Metropolitan Region.
The Telangana High Court has directed GHMC and revenue officials to refrain from interfering with a disputed Banjara Hills property until further notice. The interim order provides temporary relief to the petitioner in a case concerning alleged unauthorised encroachment and property rights.
Oberoi Realty reported a 45% year-on-year decline in consolidated net profit for Q4 FY25, amounting to INR 433.2 crore, due to reduced income and increased expenses. Total income for the quarter fell to INR 1,213.33 crore from INR 1,558.56 crore in the same period last year. The company's EBITDA margin contracted to 53.7% from 60% in Q4 FY24. The decline was attributed to a slowdown in sales, absence of new project launches, and a significant rise in land acquisition costs. Despite the quarterly setback, Oberoi Realty's full-year FY25 net profit rose to INR 2,225.51 crore from INR 1,926.60 crore in FY24.
Inspira Realty is developing a 232-acre industrial park, Inspira City, in Sambhaji Nagar’s Shendra MIDC. Strategically located along the Samruddhi Mahamarg, it offers 24x7 utilities, immediate allotment, and aims to boost regional industry, MSMEs, and logistics growth.
Schindler Holding AG reported a 2.5% year-over-year revenue increase in Q1 2025, reaching CHF 2.73 billion, slightly surpassing analyst expectations. The company's order intake rose by 6% to CHF 2.95 billion, with growth across all regions except China. Operating cash flow significantly exceeded forecasts, totaling CHF 540 million. Despite these positive results, Schindler revised its 2025 outlook for the Americas, now anticipating up to a 5% contraction in new installations, attributing this to an estimated annualized cost impact of CHF 33 million from tariffs
Vulcan Materials reported a 5.8% rise in Q1 2025 revenue to USD 1.64 billion. Despite missing revenue estimates, adjusted EPS beat expectations at USD 1.00. Strong aggregates performance and cost efficiencies boosted EBITDA by 27%, with margins improving to 25.1%.
The Telangana High Court has issued interim orders restraining GHMC and revenue officials from interfering with a 600 sq yard property in Banjara Hills, Hyderabad. The petitioners alleged unauthorized attempts to dispossess them without legal notice. Justice CV Bhaskar Reddy emphasized adherence to due process, citing Supreme Court precedents, and scheduled further hearings post-summer vacation.
In Bengaluru, over 32 tenants were deceived by a builder who leased out flats that had already been sold. One victim, Padma, entered into a lease agreement in November 2023 for two flats in Sri Sai Balaji Meadows Apartment, paying INR 26 lakh. However, in January 2024, a man named Sai Prashant presented registered sale deeds dated September 2021, proving prior ownership of the same flats. Further complications arose when Indian Overseas Bank officials arrived in March 2024, stating that the flats were under loan default and subject to confiscation.