NBCC sold 1,185 Greater Noida (West) units via e-auction for INR 1,504.69 crore. The proceeds will help finance ongoing projects and repay loans. The move also aids the revival of stalled Amrapali Projects, offering hope to affected homebuyers awaiting possession. Source: PTI

RBI Deputy Governor Swaminathan J urged NBFCs to adopt transparent pricing, fair recovery practices, and ethical governance. He warned against exploitative business models and stressed the role of Audit Committees in ensuring accountability. As NBFCs grow faster than banks, the RBI called for responsible, customer-centric operations to maintain sectoral trust and financial stability. Source: PTI

Jaypee Infratech homebuyers protested in Noida against delays in housing projects, blaming Suraksha Group for slow construction. Only 2,000 workers are on-site, far below the promised 12,000. Monthly review meetings, starting April 19, have been scheduled. Around INR 6,500–7,000 crore is needed to complete 160 towers across multiple stalled projects. Source: PTI

SJVN has released INR 269.97 crore in land compensation for the 3,097 MW Etalin Hydro Project in Arunachal Pradesh. The project, set for December 2033 commissioning, includes two dams and a powerhouse. It’s part of a broader 5,097 MW hydro initiative in Dibang Valley, with investments worth around INR 60,000 crore. Source: PTI

A luxury redevelopment plan along Mumbai’s Worli seafront has alarmed slum residents who fear displacement. The project will merge 12 acres of land, including slums and prime plots, with private builders, SRA, and BMC involved. While it promises urban renewal, concerns over eviction and transparency have stirred protests in the affected coastal neighbourhood.

MMRDA may offer up to INR 1 crore as compensation to 93 families from Laxmi Niwas and Haji Noorani buildings, impacted by the Sewri-Worli connector project. Identified PAPs will be compensated based on flat ownership and size, with options for financial aid or resettlement being discussed to ease the transition.

Maharashtra has cleared the use of 256 acres of salt pan land near Wadala to aid Dharavi's INR 28,000 crore redevelopment. Of this, 66 acres will go to the Dharavi Redevelopment Project for rehabilitation. Environmental concerns remain due to the land’s CRZ classification and ecological importance.

Elphinstone flyover will stay open till April 15 before demolition by MMRDA. Authorities delayed its closure following traffic police suggestions. BEST and Western Railway will provide alternate travel arrangements to reduce commuter inconvenience during the reconstruction phase.

The Maharashtra government is considering converting Mulund's 24-acre dump yard into either a golf course or a hospital. CM Eknath Shinde has called for a feasibility study. Other proposals include a convention centre, open theatre, or skill hub. MHADA may oversee the project if approved.

GreenLine Mobility Solutions is investing USD 275 million to decarbonize India's heavy trucking, deploying over 10,000 LNG and electric trucks and setting up 100 refueling and charging stations nationwide. The initiative aims to cut 1 million tonnes of carbon emissions annually, supporting India's environmental goals.

Flexible workspace providers Smartworks and Table Space are set to lease over two million sq ft of office space across Delhi and Mumbai. Table Space is closing deals in Gurgaon and Aerocity, while Smartworks plans to more than double its Mumbai footprint. The move reflects the rising demand for flexible offices in metro cities.

Mumbai Police’s EOW has registered an FIR against Energy Procon Ltd (EFPL) and its directors for allegedly defrauding a financial firm of Rs 96.7 crore. The complaint accuses them of creating fake invoices and forging documents to obtain funds under the pretext of working capital for executing engineering contracts.

The Lucknow Development Authority has demolished a tower of Palm Residency in Sushant Golf City due to unauthorised construction beyond approved building plans. The builder allegedly ignored repeated notices and failed to comply with rules. The demolition is part of a broader crackdown on illegal structures in the city.

Environmentalists and residents have raised objections to the Telangana government's proposed IT park near Hyderabad’s Outer Ring Road, citing threats to green spaces and biodiversity. Locals claim the project may impact existing forest zones and have asked for greater transparency and environmental assessments before proceeding with land acquisition.

Real estate project registrations in Gujarat rose by 6% in FY24, as per Gujarat RERA. Of the total 2,188 projects, over 80% were residential. Ahmedabad led the growth, followed by Surat and Vadodara. The data reflects stable demand and rising developer interest despite broader market challenges.

Trichy City Municipal Corporation is offering a 5% rebate on property tax payments made before April 30. The incentive aims to encourage early payments and improve revenue collection. The civic body is also using QR codes and mobile apps to ease payment methods for residents across the city.

Goa CM Pramod Sawant said house repair permissions would be considered approved if not cleared within three days. The state is amending laws to simplify approvals for minor repair work, allowing self-declarations in residential areas and reducing delays faced by homeowners from municipal bodies.

HSIIDC will soon auction around 200 commercial plots in Panchkula Extension, offering opportunities for retail and institutional investors. This move aims to boost regional economic activity and attract business development. The plots are part of Haryana’s infrastructure push to expand urban commercial zones.

The Secunderabad Cantonment Board has released new building byelaws aligned with modern planning standards. The revised rules focus on streamlined construction approvals, building safety, and infrastructure upgrades. Developers and residents will benefit from clearer guidelines and faster processing of construction proposals.

Hubballi-Dharwad Municipal Corporation will conduct an aerial GIS survey using drones to update property records, detect encroachments, and improve tax mapping. The survey will cover all wards and is expected to help in planning civic infrastructure and increasing property tax compliance across the twin cities.

Blackstone has closed a USD 10.8 billion European real estate fund focused on opportunistic deals in logistics, housing, and data centres. Despite global market uncertainty, the fund attracted significant investor interest, reflecting confidence in long-term real estate investments across key European regions.

The Delhi government will soon launch a digital portal aimed at curbing property fraud by allowing real-time verification of land and building ownership. The initiative seeks to bring transparency and prevent illegal transactions through better record integration between departments and online access for buyers.

Properties of JB Diamonds and Jewellery were auctioned by a lender to recover over Rs 586 crore in unpaid dues. The assets, located in Mumbai, include commercial spaces mortgaged against loans. The auction reflects rising defaults among luxury sector firms facing cash flow pressures and tightening credit conditions.

The Ghaziabad Municipal Corporation will impose a 12% penalty on nearly one lakh property tax defaulters from April 15. The move, aimed at improving tax compliance, targets those who haven’t paid dues for years. Officials said recovery notices have already been issued as the civic body ramps up revenue collection efforts.

Larsen & Toubro is diversifying into data centers, semiconductors, and real estate to reduce its reliance on cyclical EPC revenues. Its realty arm’s order book doubled to INR 11,100 crore, while interest in thermal power projects has been revived. L&T may list its real estate unit and is exploring partnerships for property development.

Institutional investment in Indian residential real estate surged to USD 191 million in Q1 2025, driven by a renewed focus on mixed-use developments. Major deals include Alpha Wave's investment in Oberoi Realty and Blackstone’s 40% stake in Kolte-Patil Developers. Experts highlight growing interest in integrated communities offering residential, commercial, and retail spaces for long-term scalability.

Godrej Enterprises is expanding its Locks & Architectural Solutions division in South India, aiming to grow revenues from tier-2 and tier-3 towns. With FY25 revenue at INR 1,200 crore, the firm targets INR 2,500 crore by FY28. It also expects exports, currently at 3%, to reach 10% in the medium term.

The government has approved INR 4,800 crore worth of infrastructure projects, including micro-irrigation under PMKSY, a 19.2-km Zirakpur bypass in Punjab-Haryana, and doubling the Tirupati-Katpadi railway line. These developments aim to ease congestion, improve water delivery, boost freight transport, and support climate goals by cutting emissions and reducing oil imports.

Accor and InterGlobe aim to launch 300 hotels in India by 2030 through a new joint venture. The expansion targets mid-market brands via Treebo and luxury offerings like Morgans Originals and Fairmont. The Fairmont Mumbai hotel alone saw a INR 1,000 crore investment, with more luxury openings planned across major cities.

BlackRock has invested in Adani Group bonds for the first time, acquiring nearly a third of an INR 5,000 crore issuance by Renew Exim. Funds will go towards acquiring ITD Cementation and supporting group-wide expansion. This comes as Adani aims to regain foreign investor trust amid US legal scrutiny and rolls out a INR 25 lakh crore capex plan.

The Balasaheb Thackeray Flyover in Jogeshwari, stalled since 2015, is now seeing slow progress on its planned extensions. Coordination issues between BMC and MMRDA and metro line overlaps have caused the hold-up, prolonging traffic woes at the SV Road–JVLR–WEH junction. The extensions are expected to be completed by mid-2026.

NHSRCL has completed a 70-metre steel bridge over DFCCIL tracks near Vadodara for the Mumbai-Ahmedabad bullet train. This is the seventh steel bridge completed in Gujarat and was launched in 12 hours. Built using 674 MT of steel under “Make in India,” the project has now completed 14 of 21 planned river bridges in the state.