Rise Infraventures reported gross sales exceeding INR 3,800 crore for the fiscal year 2024-25. The company's robust performance underscores its strong market presence and the growing demand for its real estate offerings, contributing to its position as a leading player in the industry.
Canadian home sales experienced a significant drop in March 2025, marking the weakest performance for the month since 2009. The Canadian Real Estate Association attributes the decline to economic uncertainty stemming from U.S. tariffs, which have impacted buyer confidence and market activity.
In March 2025, China's new home prices showed no change, reflecting a stagnant real estate market. The data indicates continued challenges in the housing sector, with policymakers closely monitoring the situation to implement measures that could stimulate growth and stabilize the market.
Municipal Corporation of Gurugram (MCG) councillors have proposed establishing construction waste processing plants in every city zone. The initiative aims to manage debris effectively, promote recycling, and address environmental concerns arising from rapid urban development and construction activities in Gurugram.
The Yamuna Expressway Industrial Development Authority (YEIDA) will issue reservation letters for seven abadi plots to farmers. This move is part of YEIDA's efforts to allocate residential plots to landowners affected by development projects, ensuring their rehabilitation and participation in the region's growth.
Prime Minister Narendra Modi is set to relaunch construction work in Amaravati, Andhra Pradesh, on May 2. The event marks a significant step in reviving the state's capital development project, which had been stalled for years, signaling renewed commitment to infrastructure growth in the region.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) will expedite complaint resolutions for homebuyers suffering from terminal illnesses. This initiative aims to provide timely relief to affected individuals by prioritizing their cases, ensuring faster redressal in ongoing real estate disputes.
Birla Estates aims to become one of India's top three property developers by expanding its residential and commercial portfolios. The company is also seeking strategic partnerships with global investors to enhance its commercial ventures, aligning with the Aditya Birla Group's focus on consumer-facing businesses.
The Enforcement Directorate has attached the Aamby Valley project in Lonavala, Maharashtra, in connection with the Sahara Group's failure to refund over INR 25,000 crore raised through Optionally Fully Convertible Bonds, as mandated by the Supreme Court.?
Noida is expected to announce its first circle rate revision in the next two days. The revision is aimed at bringing the property rates in line with market trends, and it could impact property transactions in the city, especially in residential and commercial sectors. It marks a significant move in Noida's real estate development.
Assetz has acquired 200 acres of land in Bengaluru for INR 1,000 crore to deliver over 7,500 homes. The project, expected to cater to the growing demand for affordable housing in the city, will feature modern amenities. This acquisition marks a significant expansion of Assetz's portfolio in Bengaluru's residential market.
The Maharashtra Cabinet has decided to waive off the two-month penalty on property tax arrears in small towns across the state. The move aims to provide relief to property owners struggling with tax dues and is part of the state's efforts to boost compliance and encourage timely payment of property taxes.
Indore's civic body has ordered a crackdown on illegal constructions in Goyal Avenue. The move follows growing concerns over unauthorized developments in the area. Authorities are set to demolish unapproved structures and enforce stricter regulations to ensure compliance with urban planning norms and safeguard public interests.
The Goa Anti-Corruption Bureau (ACB) has yet to complete its investigation into the controversial SEZ land allotment case, which has been pending for over 13 years. The case involves allegations of irregularities in the allotment process. The delay has raised concerns about transparency in land transactions in the state's special economic zones.
CREDAI Bengaluru has appointed Zayd Noaman as its new president, making him the youngest ever to hold the position. Noaman brings his vast experience in real estate development and leadership to the role. He aims to enhance the city's real estate sector and address key challenges related to urban growth and infrastructure.
NBCC (India) has advanced its revenue target of INR 25,000 crore to FY29, driven by redevelopment projects across India. Following its successful Delhi model, which generated INR 14,800 crore from commercial space sales, the company is engaging with Goa, Telangana, Jammu & Kashmir, and Kerala for similar initiatives.
Trehan Iris and Sarovar Hotels are set to open the Iris Sarovar Portico hotel in Gurugram's Sector 85. Situated in Iris Broadway Mall, the hotel will offer 79 rooms and various amenities. The project entails an INR 75 crore investment, aiming for annual revenues of INR 10-12 crore.
IWG has opened a new Regus flexible workspace in Bangalore's Global Tech Park, catering to the growing demand for hybrid work solutions. The centre provides tailored office spaces for various industries, reinforcing IWG's commitment to expanding its presence in India's key business locations.
Commercial complexes built by the Coimbatore City Municipal Corporation (CCMC) have failed to meet revenue expectations due to low occupancy, poor maintenance, and lack of tenant interest. The civic body is now reviewing rental policies and exploring improvements in infrastructure to revive these underperforming assets and increase municipal income.
The Andhra Pradesh Cabinet has approved allotting 21.16 acres of land to Tata Consultancy Services (TCS) in the Kapuluppada IT SEZ, Visakhapatnam. This allocation supports TCS's expansion and the state's broader strategy to develop Visakhapatnam into a major IT hub, creating jobs and enhancing regional infrastructure.
CBRE India expects the residential real estate sector to maintain its strong performance in the coming months. Increased launches and steady buyer demand were seen in Q1 2025, especially in cities like Mumbai, Pune, Bengaluru, and Hyderabad. Mid and premium segments are expected to lead this continued growth trend.
To address long-pending property registration delays, the Ghaziabad Development Authority (GDA) will now allot specific slots to buyers. The system aims to streamline the registration process by coordinating with builders and reducing crowding at registrar offices. Over 19,000 pending registrations are expected to benefit from this move.
Eviction notices have been issued to 41 houses in Hapur's Hafizpur area for alleged encroachment on Gram Sabha land. Authorities stated these structures were built illegally and residents must vacate. The action is part of an ongoing drive to reclaim public land and enforce legal ownership in unauthorised residential developments.
The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed reducing property tax rates for parking areas in residential and commercial buildings. Property owners currently pay tax at commercial rates for non-revenue-generating parking space. If approved, this revision will lower tax burdens and encourage the development of legal and well-planned parking infrastructure in the city.
Walmart has leased 4.6 lakh sq ft of office space at the World Trade Center in Chennai for a monthly rent of INR 3.26 crore. The lease tenure is 10.5 years with a 15% rent escalation every three years. This marks one of the biggest commercial leasing deals in Chennai in recent times.
The Enforcement Directorate has provisionally attached the 707-acre Aamby Valley City in Lonavala, valued at INR 1,460 crore, in connection with a money laundering investigation against the Sahara Group. The property was allegedly acquired using funds diverted through benami transactions.
Bitcoin's price exceeded USD 85,000 following U.S. President Trump's announcement of tariff exemptions on certain electronics, boosting investor sentiment. The cryptocurrency market experienced renewed optimism, with analysts anticipating potential further gains in the near term.
ICICI Prudential Life Insurance reported a 122% increase in Q4 profit, reaching INR 386 crore, driven by strong demand for group insurance products. While unit-linked insurance plan sales declined, the company's new business value rose by 2.5% during the quarter.
Aegis Vopak Terminals has secured approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering worth INR 3,500 crore. The IPO proceeds will be utilised for expansion and debt reduction, strengthening the company's financial position.
A Gurugram resident's struggle to buy a home despite a budget of INR 1.8 crore has sparked online discussions. The incident highlights the escalating property prices in the region, making homeownership increasingly challenging for many prospective buyers.
JSW Steel plans to invest INR 50,000-60,000 crore to establish a 10 million-tonne-per-annum green steel plant in Maharashtra. The project aims to enhance sustainable steel production, aligning with India's decarbonization goals and boosting the state's industrial growth.
BBMP will reduce the parking tax on residential properties in Bengaluru, offering relief to flat owners and housing societies. The revision is expected to improve tax compliance and reduce financial stress on homeowners, especially in high-density residential zones across the city.