14 May 2026

• Brigade Hotel Ventures plans to invest around INR 1,000 crore in Karnataka over the next five years towards new hospitality projects and modernisation of existing hotel assets.
• The company has also outlined a broader expansion strategy targeting addition of nearly 1,700 hotel keys with a planned capital outlay of approximately INR 3,600 crore under its “Vision 2031” roadmap.
• Separately, the company and Marriott International have launched the rebranded Courtyard by Marriott Kochi Infopark, formerly operating as Four Points by Sheraton Kochi Infopark.
• The 218-room hotel in Kakkanad, Kochi, is positioned to cater to business, MICE, and leisure travellers and includes over 8,000 sq ft of meeting and event space.
• The investment push reflects growing hospitality demand across Bengaluru, Mysuru, Kochi, and other South Indian urban and tourism markets amid expanding business travel and infrastructure-led regional growth.Read more

13 May 2026

ASK Curated Luxury Asset Fund I, a real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, has made its first investment in Goa by committing INR 63 crore to a luxury housing project. The investment has been directed towards “Ananda Nilaya,” a villa development by Priority Group in Arpora, North Goa. Spread over 5.12 acres, the project will feature 28 villas and has received all key approvals, including RERA clearance. The developer has a long track record in Goa’s residential market with multiple completed and ongoing projects.Read more

13 May 2026

• Australia’s Labor government is expected to introduce a one-year transition period for proposed changes to capital gains tax discounts and negative gearing rules in the upcoming federal budget.
• The government plans to remove the 50% capital gains tax discount on assets held for over a year from July next year, while allowing temporary relief for investments made after the budget announcement until mid-2027.
• Negative gearing benefits are likely to remain for existing investors under grandfathering provisions, while only newly built homes may qualify for the tax benefit in the future to support housing supply and affordability.Read more

13 May 2026

Housing societies and residential projects in Mumbai will now be able to develop larger wellness and recreational facilities without these spaces being counted under the project’s Floor Space Index (FSI). The Maharashtra government has amended provisions under DCPR 2034 and increased the permissible FSI-free area for such amenities from 2% to 4% of the total built-up area. The revised rules include facilities such as gyms, yoga centres, meditation rooms and recreation areas. The move is expected to help residential societies create better community infrastructure as demand for lifestyle and wellness amenities continues to rise across Mumbai’s housing sector.Read more

11 May 2026

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is expected to approve more than 400 new real estate projects during 2026, reflecting the rapid expansion of the property market beyond established centres such as Noida and Lucknow. Improved infrastructure, expressway development and the upcoming Jewar airport have accelerated residential and mixed-use activity across multiple Tier II and Tier III cities in the state. UP-RERA Chairman Sanjay R Bhoosreddy stated that project registrations have steadily increased over the past three years, while industry leaders at a FICCI real estate summit highlighted growing investor confidence, rising housing demand and the increasing importance of transparency and digital integration across the real estate lifecycle.Read more

11 May 2026

Real estate developer Alpha Corp is set to invest approximately INR 750 crore in a stalled residential project linked to Earth Infrastructure Ltd (EIL) after the Supreme Court cleared a resolution framework for the stressed asset. The investment will be directed towards completing pending construction work and reviving the delayed housing development, which has remained under financial distress for several years. The court-approved arrangement is expected to provide relief to homebuyers awaiting possession while enabling phased project execution under a revised development structure. The move comes amid increasing judicial intervention in stalled residential projects across the National Capital Region, where incomplete developments have affected thousands of buyers and lenders. The revival plan also reflects a growing trend of financially stronger developers taking over distressed real estate assets through court-monitored resolutions.Read more

11 May 2026

The Bombay High Court has heard a writ petition filed by Techno Freshworld LLP challenging a stop-work notice issued by the Maharashtra Housing and Area Development Authority (MHADA) in connection with a redevelopment project at Adarsh Nagar, Worli, Mumbai. The dispute centres on whether a No Objection Certificate (NOC) from the Indian Navy was mandatory for the redevelopment, which includes a rehabilitation building for 72 families and a sale component. MHADA halted construction and withheld the Occupation Certificate after the Navy objected to the project’s proximity to INS Trata. The developer argued that the project had received multiple approvals between 2022 and 2025 and fell outside the 50-metre restriction introduced under a 2022 Ministry of Defence circular. The Navy contended that the project was within 500 metres of the defence establishment and raised national security concerns linked to high-rise construction near operational naval facilities.Read more

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