Lucknow News Desk

11 May 2026

The Lucknow Development Authority has revised the payment terms for its Atal Nagar housing scheme, aiming to make homes more affordable for buyers. The authority has reduced the interest rate to 7 percent and extended the repayment period to 10 years, easing the financial burden on allottees. Around 630 unsold flats have been reopened for booking, with prices starting from about INR 9.82 lakh. The move is expected to improve demand, especially among low- and middle-income groups, and help clear existing inventory.Read more

10 May 2026

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, a redevelopment scheme in Parel with an estimated gross development value of INR 5,500 crore. The two-acre project will feature twin high-rise towers with over 20 lakh sq ft development potential and around 500 units in the first phase. Offering 2 and 3 BHK configurations, the project is positioned within a well-connected central corridor benefiting from infrastructure upgrades such as the Sewri–Worli Connector and Metro Line 11. The launch marks the developer’s entry into Mumbai’s redevelopment-driven housing market.Read more

10 May 2026

K Raheja Corp Homes has launched Raheja Vistas, a 7.5-acre low-density residential project in Baner Annex, West Pune, marking its entry into an emerging micro-market. The RERA-registered development will offer 2, 3 and 4 BHK units with private decks and is scheduled for completion by 2031. Around 75 per cent of the land has been allocated to open spaces, with over 40 amenities planned. The project is positioned within a larger township and incorporates sustainability features such as solar power, wastewater recycling and EV charging. The launch aligns with ongoing infrastructure investments in Pune, including metro expansion and proposed high-speed rail connectivity.Read more

10 May 2026

Marathon Realty has recorded sales of 100 residential units valued at approximately INR 60 crore within three days of launching a new tower, NeoValley Narmada, at its NeoHomes project in Bhandup, Mumbai. The development offers studio, 1 BHK and 2 BHK units ranging from 191 sq ft to 476 sq ft. Buyer data indicates that nearly 80% of purchasers are first-time homeowners, with limited investor participation. The project’s location benefits from connectivity via Central Railway, LBS Marg, Eastern Express Highway, and the upcoming Metro Line 4, reflecting continued end-user demand for compact housing within city limits.Read more

10 May 2026

Nila Spaces has listed its residential project VIDA in Gujarat International Finance Tec-City (GIFT City) on the Alt DRX platform, marking the first tokenised real estate asset under a newly launched Gujarat Tri-City investment framework. The initiative allows resident Indian investors to purchase fractional ownership in the project starting from as little as one square foot, significantly lowering entry barriers traditionally associated with residential real estate. The listing is positioned within a broader investment corridor spanning Ahmedabad, Gandhinagar and GIFT City. The company stated that the model combines physical asset ownership with digital transaction capabilities, aiming to improve liquidity and accessibility. The move comes amid continued interest in premium residential assets, where high capital requirements and limited liquidity have historically restricted participation to higher-income segments.Read more

10 May 2026

Grovy India Limited reported a 62 per cent increase in net profit to INR 2.9 crore for FY26, supported by higher revenue and continued demand in South Delhi’s premium housing market. Total revenue rose to INR 35 crore from INR 26 crore in the previous financial year. The company is developing residential projects spanning 1.53 lakh sq ft across key South Delhi locations, with delivery scheduled between FY27 and FY28. It has also lined up additional projects in Greater Kailash I and Defence Colony, indicating expansion within supply-constrained micro-markets.Read more

10 May 2026

CBRE South Asia Pvt. Ltd has launched Investment IQ Pro, an AI-driven workflow platform aimed at streamlining institutional real estate investment processes in India. Unveiled at the CII BFSI Summit in Mumbai, the platform integrates developers, lenders, consultants and trustees into a single dashboard to improve coordination, reduce approval timelines and enhance compliance. It replaces manual, email-based processes with automated systems, including document validation and audit tracking. The platform is designed to address inefficiencies in project monitoring, cashflow management and reporting, and aligns with regulatory requirements. CBRE indicated that the solution is already seeing onboarding interest from financial institutions and developers.Read more

10 May 2026

Serene Communities, the senior living arm of Lifebridge Group in collaboration with Embassy Group, has completed the handover of 239 residences at Serene Amara, a premium senior living project within the Embassy Springs township in Devanahalli, North Bengaluru. The development represents an investment of approximately INR 200 crore and marks the transition of the project into an operational residential community. The handover event was attended by senior leadership from both organisations along with residents and stakeholders. The project reflects the growing demand for purpose-built senior housing in India, with a focus on independent living supported by integrated wellness, care and social infrastructure. The development forms part of a broader trend in the evolution of senior living from care-led formats to lifestyle-oriented residential ecosystems.Read more

10 May 2026

Ashar Group has obtained Occupation Certificates (OCs) for two redevelopment projects—Ashar Arize in Kalwa, Thane and The Legend by Ashar in Pali Hill, Bandra—around 20 months ahead of their respective RERA deadlines. The developments together account for over 1,200 residential units delivered in the Mumbai Metropolitan Region. The early completion comes amid data indicating that over 40% of under-construction housing projects in the region face delays. The milestone reflects execution timelines in the redevelopment segment, which forms a significant share of new housing supply but is often associated with regulatory and construction complexities.Read more

09 May 2026

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) registered 106 projects in the first four months of 2026, adding over 33,000 proposed units across residential and commercial segments. The total number of registered projects has crossed 4,100 since the implementation of the Real Estate (Regulation and Development) Act, 2016. Around 42.8% of these projects have already been completed. The data reflects stable developer activity, supported by consistent demand and improved regulatory oversight, while continuing the growth trend seen in project launches and housing supply over the past few years.Read more

09 May 2026

Casagrand has launched its largest residential development, Casagrand Highcity, spanning 41 acres along Chennai’s Outer Ring Road (ORR). The project comprises over 4,000 apartments across high-rise towers and includes a large-scale sports clubhouse and integrated social infrastructure. Positioned within a rapidly developing corridor with connectivity to IT hubs such as Siruseri and Porur, the development reflects increasing scale in organised housing supply in peripheral micro-markets. The project also incorporates extensive open spaces, amenities and an on-site school, aligning with the trend of integrated township-style developments in Chennai.Read more

09 May 2026

Dosti Realty has inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, located around 7 km from Lake Shore, Thane, marking the first such religious structure developed within its residential projects. The 125-acre integrated development, designed as a self-sustained neighbourhood, includes over 70% open spaces, a 1 lakh sq ft clubhouse, and planned social infrastructure. The project is positioned near the upcoming Kalher Metro Station, improving connectivity to Thane and the wider Mumbai Metropolitan Region. Alongside residential offerings of 1 and 2 BHK units, the township incorporates lifestyle and training facilities, including sports academies and retail spaces. The temple adds a community-oriented element aimed at supporting cultural and social interactions among residents within the development.Read more

09 May 2026

Abhee Ventures, a Bengaluru-based residential developer, has outlined its growth trajectory across the city’s key micro-markets, backed by a 16-year track record and over 25 completed projects. Founded in 2009, the company has built a presence in corridors such as Sarjapur Road and Electronic City, with developments spanning apartments, villas, and plotted layouts. Its current and upcoming portfolio includes multiple projects across Whitefield, Hennur, Hebbal and other emerging residential hubs. Among its pipeline is a 45-acre township on Whitefield–Sarjapur Road featuring residential units, a private lake, and recreational infrastructure. The company attributes its expansion to sustained housing demand in Bengaluru, supported by infrastructure growth and evolving buyer preferences for integrated developments and amenity-led residential formats.Read more

09 May 2026

Casagrand has launched its largest residential project in Hyderabad, a 35-acre villa development named Casagrand Vybe in Rajendra Nagar, marking its fifth project rollout in the city during 2026. The project forms part of the developer’s expansion strategy, adding 3.98 million sq ft to its Hyderabad portfolio. Comprising 362 five-bedroom villas, the project is positioned as a low-density development with 71% open space and pricing starting from INR 3.2 crore. The launch follows a series of residential developments undertaken by the company since its entry into the Hyderabad market in 2023. With multiple ongoing and completed projects across key micro-markets, the developer is scaling its presence amid sustained housing demand driven by infrastructure growth and employment expansion in the city.Read more

09 May 2026

The Prayagraj Development Authority (PDA) has relaxed its housing policy to allow more than one member from the same family to purchase flats in its residential schemes. The move aims to address demand challenges and changing family needs, especially among joint families seeking separate units. It is also expected to help clear unsold inventory across categories like EWS, LIG and MIG. The decision forms part of a broader push by the authority to improve housing uptake, simplify allotment rules and make its schemes more practical for buyers.Read more

08 May 2026

WhiteBoard Advisory & Management, in partnership with Casagrand, has launched a INR 500 crore real estate investment fund focused on providing growth capital to residential housing projects across key southern Indian markets. The newly launched Millenia WB Yield Fund will primarily target projects in Chennai, Bengaluru and Hyderabad, with selective investments in other cities. The fund has already committed INR 41 crore towards its first investment, a premium villa development near Hyderabad’s airport corridor with an estimated topline of INR 400 crore over a two-and-a-half-year period. The platform plans to undertake four to five investments during 2026 as institutional and alternative capital continues to expand within India’s residential real estate sector.Read more

08 May 2026

CBRE South Asia has introduced Investment IQ Pro, an AI-powered workflow platform aimed at improving real estate investment processes, at the CII BFSI Summit in Mumbai. The platform is designed to replace fragmented, manual coordination systems with an integrated digital framework connecting developers, consultants, lenders and trustees. It enables faster approvals, automated verification and enhanced compliance aligned with regulatory standards. The solution builds on CBRE’s existing Investment IQ platform and targets inefficiencies such as delayed reporting and lack of real-time visibility. The company indicated that several institutional stakeholders are already onboarding, with the platform positioned to support capital deployment, governance and cashflow management across India’s real estate sector.Read more

08 May 2026

Godrej Properties Limited reported the addition of six new projects during the fourth quarter of FY26, with a combined estimated developable area of about 11 million sq ft and a projected booking value of INR 17,450 crore. The expansion took place in the past quarter despite relatively muted housing market conditions, indicating a continued pipeline build-up by the developer. The new projects form part of the company’s broader growth strategy aimed at sustaining sales momentum through fresh launches across key urban markets. The announcement comes alongside strong booking and cashflow performance, suggesting that the company is aligning land acquisition and project additions with demand visibility and future revenue generation potential.Read more