02 Jun 2025

Prime Offices Fund, jointly managed by Nuvama and Cushman & Wakefield (NCW), has acquired 'Prius Platinum', a 3 lakh sq ft Grade A office property in South Delhi's Saket District Centre for approximately INR 700 crore. The asset, 95% leased, was earlier acquired via IBC by a Kotak-led consortium and has since undergone significant upgrades. This acquisition aligns with the fund's strategy of investing in sustainable, high-quality commercial assets in major urban hubs. With strong rental income potential, the deal reflects growing investor appetite for institutional-grade real estate. NCW aims to democratise access to premium assets while advancing ESG and operational excellence.Read more

02 Jun 2025

The Bengaluru-based managed workspace provider Simpliwork Offices has leased roughly 1.32 lakh square feet across two commercial buildings in the city: Sumadhura Capitol Towers and Pardhanani Wilshire III. The move comes as the demand for flexible, high-performance workspaces continues to surge among enterprises. Currently managing about 4.5 million sq ft, the company aims to nearly double its portfolio to 9-9.5 million sq ft over the coming two years. Founded in 2018, Simpliwork operates over 85 centres across major Indian cities including Mumbai, Pune, and Hyderabad.Read more

02 Jun 2025

Bollywood legend Amitabh Bachchan has acquired a 25,000 sq. ft. plot near 'The Sarayu,'an ultra-luxury project by The House of Abhinandan Lodha (HoABL), for nearly INR 40 crore. This marks his third major investment in Ayodhya's booming real estate sector. Earlier purchases include a 10,000 sq. ft. plot within The Sarayu township (INR 14.5 crore), a 54,454 sq. ft. parcel near the Ram Mandir (for a proposed memorial), and a 5,372 sq. ft. plot in Haveli Avadh township (approx. INR 4.54 crore). HoABL is marketing The Sarayu as a premium gated community with spiritual and modern appeal. Following the Ram Mandir inauguration, Ayodhya has witnessed a surge in luxury real estate demand, supported by new infrastructure like the Ayodhya International Airport and improved road networks. Bachchan's investments are expected to further boost Ayodhya's status as a rising luxury destination.Read more

30 May 2025

The Ghaziabad Development Authority will acquire 169 hectares across five villages for its forthcoming Harnandipuram housing scheme, agreeing to pay farmers four times the revised circle rate. The move, approved at GDA's 169th board meeting, carries an outlay of INR 2,384 crore and includes an offer of ten percent of developed plots to those whose land is acquired. A committee led by the district magistrate recommended rates after the circle values were updated in September 2024. The project aims to balance fair compensation with structured urban housing supply.Read more

30 May 2025

Bengaluru-based real estate developer Sumadhura Group has ventured into the co-working sector with the launch of its maiden centre in Whitefield, Bengaluru, marking the debut of its new vertical, Workship. Spread across 1.3 lakh square feet within Capitol Towers, the centre aims to cater to the rising demand for managed flexible workspaces, particularly from corporates in sectors such as IT/ITeS, agri-tech, and pharma. The company plans to establish three additional centres this fiscal, expanding its managed workspace portfolio to 5 lakh square feet. Sumadhura has previously completed 54 real estate projects totalling over 13 million square feet, with a primary focus on Bengaluru and Hyderabad.Read more

30 May 2025

The Chandigarh Housing Board (CHB) is set to conduct a fresh demand survey after hiking flat prices by up to 40% in its Sector 53 self-financing housing scheme. Earlier this year nearly 7 500 applicants expressed interest in 372 units, compared with just 178 in 2018-19. Following a sharp increase in collector rates, 3-BHK flats have jumped from INR 1.65 crore to INR 2.29 crore, and 2-BHK units from INR 1.40 crore to INR 1.97 crore. The board will offer existing applicants the choice to accept new rates or withdraw, with a final decision due within weeks.Read more

29 May 2025

Tamil Nadu Chief Minister M.K. Stalin inaugurated a 32-flat apartment-complex in Karur via video-conferencing. Built by the Tamil Nadu Urban Habitat Development Board in Velambadi, Aravakurichi, the project cost INR 2.95 crore and spans 0.165 hectares with a basement and three-floors. Each 400 sq ft unit features a bedroom, living room, kitchen, bathroom, and toilet, costing INR 9.23 lakh. During the ceremony, 30 beneficiaries received allotment-orders. Amenities include a groundwater tank, borewell, motor room, septic tank, drainage system, and street lighting. Allotment orders were handed over by District Collector M. Thangavel in the presence of officials.Read more

29 May 2025

Joon Realty has announced a capital expenditure of INR 1,125 crore to be deployed over the next three years as it enters the luxury real estate development sector across India. Moving beyond its legacy in land banking and infrastructure, the company intends to build premium residential, commercial, and mixed-use assets in tier 1, 2, and 3 cities. This strategic shift coincides with growing interest among India's affluent classes in lifestyle-driven, sustainable urban housing. The firm's robust land assets, history of executing large-scale infrastructure, and partnerships with established names like Tata Power and L&T position it to become a significant player in the next generation of Indian real estate development.Read more

29 May 2025

India's real estate sector is undergoing a remarkable transformation as Non-Resident Indian (NRI) investors elevate their stake from 7-10% a decade ago to nearly 20% today. This surge reflects NRIs' growing confidence in Indian property as a secure long-term asset, influenced by emotional ties, favourable currency rates, and improved market transparency. Luxury and premium segments, especially in cities like Gurugram, have become hotspots for NRI investments. Infrastructure developments and policy stability under RERA have further catalysed this trend, positioning Indian real estate as a preferred destination for wealth preservation among the diaspora.Read more

28 May 2025

In a significant development within the commercial real estate segment, NBCC Ltd, a government-owned construction and consultancy firm, has secured an INR 161.55 crore project from Power Finance Corporation (PFC) for the complete interior fit-out of its newly purchased office space at the World Trade Centre in Nauroji Nagar, New Delhi. The Memorandum of Understanding between the two entities was signed earlier this week. The office space, spread across all ten floors of Tower-H (G+9), spans a total carpet area of 2,70,758 square feet. This collaboration highlights the growing demand for premium commercial spaces in strategic business districts.Read more