The Madras High Court dismissed a plea against the construction of Tidel Park in Madurai, citing the land's reclassification 44 years ago. Originally a water catchment area, it was converted into a fertiliser yard in 1981 and later allotted for public use. Tidel Park is a public purpose and hence, the court cannot restrain the authorities.

Mahadevapura, Bengaluru’s leading tech hub, has topped BBMP’s property tax collection with INR 928.50 crore but also records the highest default at INR 32.17 crore (3.46% of demand). Vacant and non-residential properties contribute significantly to these arrears. Overall, BBMP faces a INR 390 crore shortfall, with 3.49 lakh defaulters, highlighting enforcement challenges.

The Maharashtra Housing and Area Development Authority (MHADA) announced that its Chhatrapati Sambhajinagar Board will hold its first 'Janata Darbar Din' on March 28, 2025, to address public grievances. The initiative follows the Lokshahi Din model and aligns with a 100-day action plan for efficient grievance redressal.

Gaurs Group has received a CRISIL A- rating with a stable outlook for its long-term instruments and CRISIL A2+ for its short-term instruments, reflecting its strong financial position. The company’s disciplined debt management and market presence reinforce investor confidence, with net debt at INR 1,050 crore and committed receivables of INR 5,000 crore.

Gaurs Group has received a CRISIL A- rating with a stable outlook for its long-term instruments and CRISIL A2+ for its short-term instruments, reflecting its strong financial position. The company’s disciplined debt management and market presence reinforce investor confidence, with net debt at INR 1,050 crore and committed receivables of INR 5,000 crore.

Brookfield’s Moon Holdings acquired a majority stake in SPVs tied to a 6-acre Powai land parcel, aiding Mumbai expansion. This deal also includes permissible floor space index (FSI) of more than 1 lakh sq ft in favour of the SPVs. Brookfield has already invested over INR 600 crore and is expected to invest more to build grade A office properties.

A segmental launching gantry that skidded at a bullet train project site near Ahmedabad was lifted after over 24 hours, restoring train movement on the affected rail line. The incident, which occurred Sunday night, led to 38 train cancellations and OHE damage but caused no casualties. Normal operations resumed this morning.

The 125-year-old Elphinstone bridge in central Mumbai is set for demolition by April 10, with MMRDA securing final clearances. It will be replaced by a four-lane double-decker bridge under the Sewri-Worli Elevated Connector project. Alternative routes have been arranged, and at least one level is expected by April 2026.

The Maharashtra state government has assured that Mumbai’s ongoing street concretisation will be completed by May 31. At a meeting convened by Assembly Speaker Rahul Narwekar, MLAs criticised delays, poor quality, and lack of transparency.

Manipal Hospitals has finalised banks for its USD 1-billion IPO, selecting Goldman Sachs, Axis Capital, Jefferies, Kotak Mahindra Capital, and JP Morgan. The draft papers are expected by June, with a valuation between USD 8-10 billion. The IPO may raise INR 6,000 crore, targeting a listing by FY26 end.

Bollywood actress Kajol Devgn has sold a 762 sq ft apartment in Mumbai’s Powai for INR 3.1 crore. The property, located in Hiranandani Gardens, includes two car parking spaces. Earlier, she purchased commercial spaces in Goregaon West and Andheri. Her husband, Ajay Devgn, also leased office space last year.

Akshay Kumar sold two apartments in Oberoi Sky City, Borivali East, for INR 6.60 crore, marking an 89% appreciation. Additionally, he sold apartments on the 11th and 12th floors for INR 4.35 crore and INR 4.25 crore, respectively. The project has recorded strong market activity with 208 sales in the past year.

The Noida International Airport is set to commence domestic operations by July 2025, with the international terminal completion targeted for June 25. Regulatory clearances are expected by mid-May, with IndiGo as the first operator. The airport, once fully developed, will accommodate 70 million passengers annually, and is thus attracting interest from global airlines.

Kinet Rail Solutions, an Indo-Russian joint venture, has sought a INR 450-500 crore loan from PNB to begin Vande Bharat sleeper trainset production in Latur, Maharashtra. The project, delayed by design changes, will now proceed under original terms, with the first prototype expected by June 2026.

Tata Capital (TCL) has raised INR 1,500 crore via a rights issue ahead of its planned IPO in September, aiming to raise INR 17,000 crore. Tata Sons, which owns 93% stake in the company, has subscribed to its entire entitlement. TCL is also securing USD 750 million through external commercial borrowing, strengthening its capital base and reducing leverage.

The Airports Authority of India (AAI) will conduct a feasibility study from April 7 to 9 for Bengaluru’s second airport, evaluating Nelamangala, Kanakapura, and Chudahalli. Connectivity advantages and infrastructure developments could influence the final selection for the city’s expanding aviation needs. However, Bengaluru International Airport Limited’s exclusivity clause until 2033 may impact feasibility.

The National Housing Bank (NHB) has directed housing finance companies (HFCs) to stop mis-selling bundled insurance with home loans. HFCs must obtain explicit customer consent and offer at least two insurance options.

Kerala Revenue Minister K Rajan clarified there are no restrictions on buying, selling, or mortgaging land earmarked for the K-Rail project. Since only Section 6(1) of the Surveys and Boundaries Act has been published, land transactions can proceed freely. He explained future notifications would follow due legal procedures.

The East Coast Railway (ECoR) has drafted a INR 250 crore redevelopment plan for Bhubaneswar New railway station, aiming to include commercial high-rise towers. The proposal also involves developing a 100-ft wide approach road to enhance accessibility and operations.

The Jammu and Kashmir government has yet to demarcate and transfer possession of 1,075 acres of prime land to the Jammu Development Authority (JDA), despite transferring over 10,122 acres five decades ago. Officials confirmed the demarcation process is still underway, with joint efforts by district administrations in progress.

The Municipal Corporation of Gurugram (MCG) has decided to register FIRs against individuals who tamper with seals on unauthorised constructions and resume work. This move follows complaints of violations, including a recent case in Zone 2 where construction continued despite prior sealing. Officials have been instructed to conduct inspections and take legal action against offenders.

The Haryana Department of Town and Country Planning (DTCP) has recommended revoking occupancy certificates (OCs) of 745 houses in DLF Phases 1, 2, and 3 due to violations of building norms and illegal commercial activities. The recommendation includes cancelling OCs for 43 plots in Phase 1, 57 in Phase 2, and 645 in Phase 3. This action follows directions from the Punjab and Haryana High Court.

ORERA has fined a Bhubaneswar-based realtor INR 62 lakh for failing to provide adequate car parking in a project. This is the first such penalty imposed by ORERA. Despite an earlier directive and a failed appeal, the realtor did not comply, prompting action under the Real Estate Act, 2016.

The Coimbatore airport expansion project is progressing, with AAI floating a tender worth INR 29 crore for a 16.7-kilometre precast boundary wall. The expansion includes a new terminal with 20 aerobridges, runway extension, cargo facilities, hotels, and parking. Passenger capacity is expected to reach 15 million annually by 2030.

The housing and urban development department has proposed expanding Bhubaneswar Municipal Corporation’s (BMC) jurisdiction. Nine areas, including Sijua, Raghunathpur, and Dhauli, are set for inclusion. Minister Krushna Chandra Mahapatra also revealed Madhusudan Nagar’s proposed addition to Jatni Municipality to enhance civic services.

Union housing and urban affairs minister Manohar Lal Khattar announced key initiatives to transform Odisha’s urban landscape. Plans include developing Bhubaneswar, Cuttack, Puri, and Khurda as major hubs and establishing a new city in Greater Bhubaneswar. The Centre also approved 400 e-buses and expanded housing projects under PMAY-Urban.

A comprehensive city master plan for Visakhapatnam, with a 30-year vision, will be finalised within four months, according to municipal administration and urban development minister P Narayana. The revised plan aims to address urban challenges, including road expansion, metro rail integration, and drinking water shortages, while prioritising public feedback.

Ananta Hotels & Resorts plans to invest up to INR 450 crore in developing company-owned properties as part of its strategy to expand to 50 hotels and resorts over the next five years. The company is focusing on tier-II cities and aims to triple its current revenue of INR 250 crore.

Dhani Services Limited announced that its wholly owned subsidiary, Indiabulls Urbanresidency Limited, has secured HRERA registration for its residential project, 'Indiabulls Green Avenue', in Sector 2, Kharkhauda, Sonipat. The registration, granted on 19th March 2025, is expected to help monetise real estate assets and enhance liquidity.

MoUs were signed for three luxury hotel brands—Taj Gateway, Hilton, and Hyatt—in Nagpur, involving a total investment of INR 875 crore. These agreements are part of INR 6,100 crore worth of proposals by over 150 companies. The projects aim to boost Nagpur’s hospitality sector, with construction already underway for some.

The Lucknow Development Authority (LDA) will organise an eight-day special registration camp for its residential and commercial properties from March 24 to 29 at its Gomtinagar office. LDA aims to assist allottees with unregistered properties, encouraging payments and streamlining registration with officials present on-site.

Sales of previously occupied U.S. homes rose by 4.2% in February compared to January, reaching an annual rate of 4.26 million units, according to NAR. Easing mortgage rates and increased inventory have encouraged buyers. Median home prices climbed 3.8% year-on-year to USD 398,400, marking the 20th consecutive month of annual increases.