08 May 2025

Singer and TV personality Rahul Vaidya, along with his parents, has sold two residential apartments in Mumbai's Oshiwara area for a total of INR 5 crore. The flats, located in the Samartha Aangan project near Lokhandwala, were registered in April 2025. One unit measuring 1,102 sq. ft. sold for INR 3 crore, while the second, at 743 sq. ft., fetched INR 2 crore. Both deals included standard stamp duty and registration charges. Vaidya, known for his music career and reality TV appearances like Indian Idol and Bigg Boss 14, continues to maintain a notable presence in the entertainment industry.Read more

08 May 2025

The Nagpur Municipal Corporation has set a new benchmark by selling a 1.25 lakh sq ft plot on Orange City Street for INR 235 crore-its highest-ever per sq ft rate at INR 18,784. The land, earmarked for a premium commercial complex, is part of NMC's monetization drive to fund infrastructure projects. So far, six plots have generated INR 561 crore, with rates steadily rising across sales. Strategically located and part of a growing commercial corridor, the Orange City Street initiative is attracting major investments, reinforcing Nagpur's emergence as a key urban and real estate hub in central India.Read more

08 May 2025

Bengaluru-based Bagmane Group has reportedly acquired a prime land parcel in Sector 21, Dwarka for approximately INR 1,500 crore, marking its entry into the Delhi real estate market. The mixed-use plot, offered by the Rail Land Development Authority (RLDA), permits both residential and commercial development and is located adjacent to a metro station. While the developer has not yet announced specific plans, the site's proximity to the Dwarka Expressway and Urban Extension Road-2 enhances its strategic value. Known for its Grade A office projects in Bengaluru, Bagmane's move signals a broader national expansion.Read more

07 May 2025

The Konkan Housing and Area Development Board, under MHADA, has launched a new digital platform called 'Book My Home,' enabling buyers to directly select from 13,395 unsold flats across the Mumbai Metropolitan Region under the First Come, First Serve (FCFS) scheme. Flats located in Virar, Khoni, Shirgaon, Gothivare, and Bhandarli, priced between INR 17 lakh and INR 30 lakh, can now be booked in real-time with floor and unit selection. The Aadhaar and PAN-based registration process is fully online and digitally verified. The initiative aims to improve transparency, reduce delays, and activate dormant inventory amid growing demand for affordable housing in peripheral Mumbai.Read more

07 May 2025

Hyderabad's residential real estate market has seen a sharp downturn, with home sales falling by 58% in Q1 FY25 year-on-year and by 38-43% over the past three quarters. Luxury housing, once a key growth segment, now faces a glut, with over 28,000 unsold units and 20 months of inventory. The city also leads in office space vacancy among India's top seven metros, with 28 million sq ft lying vacant. Developers are shifting focus toward affordable housing and delaying premium launches. In contrast, Pune and Bengaluru continue to show resilience, driven by steady demand and robust employment trends.Read more

07 May 2025

Sohail Khan has leased his commercial property in Bandra's Gasper Enclave to The Irish House for five years, earning an estimated rental income of INR 10.3 crore. The 1,290.57 sq. ft. unit commands a monthly rent of INR 16.89 lakh for the first three years, rising to INR 17.73 lakh for the final two. The agreement includes a security deposit of INR 60 lakh and attracted a stamp duty of INR 2.67 lakh. Originally purchased in 2009 for INR 3.11 crore, the property reflects strong asset appreciation in Bandra-a prime location increasingly leveraged by celebrities amid booming real estate demand.Read more

07 May 2025

YEIDA has launched an online portal to support over 4,500 homebuyers impacted by stalled Jaiprakash Associates (JAL) housing projects, following the Allahabad High Court's directive to take over 12 unfinished schemes. The portal will allow buyers to register details, track updates, and choose to continue or exit projects. Consulting firm Currie & Brown has been appointed to assess project status, after which YEIDA will invite bids under the EPC model. A high-level oversight committee has also been formed. The court declared a 'zero period' from Feb 2020 to Mar 2024, exempting buyers from penalty dues during that time.Read more

06 May 2025

MHADA is set to redevelop its Bandra East headquarters through a public-private partnership (PPP), replacing the current office with a multi-storey commercial tower near BKC. The selected developer will construct MHADA's new offices free of cost in exchange for rights to lease or sell a portion of the commercial space. The site's proximity to BKC and Bandra station positions it as a prime redevelopment opportunity within Mumbai's urban renewal zone. Once land ownership clearances are obtained, the project will proceed. MHADA may extend this model to other high-value properties, using commercial redevelopment to fund future affordable housing initiatives.Read more

06 May 2025

Indian cricketer Yuzvendra Chahal has leased a 1,399 sq ft luxury apartment in Andheri West, Mumbai for INR 3 lakh per month, with a two-year agreement and a 5% rent hike after the first year. The Transcon Triumph property is owned by actress and former Miss World India Natasha Suri. The move follows Chahal's recent divorce from Dhanashree Verma and reflects a growing trend of cricketers investing in Mumbai's high-end real estate. With premium amenities and proximity to studios and business hubs, Andheri West remains a prime choice for celebrities and athletes seeking upscale, well-connected urban residences.Read more

06 May 2025

The Nagpur Municipal Corporation (NMC) plans to build 2,500 new houses in 2025-26 under the Ramai Housing Scheme, which aims to support Scheduled Castes and Neo-Buddhists by providing affordable housing. So far, 5,795 families have benefitted, with INR 112.40 crore spent out of the INR 142.43 crore sanctioned. Under the scheme, families with an annual income of up to INR 3 lakh are eligible for a subsidy of INR 2.5 lakh towards construction. Around 1,500 new beneficiaries were added this year. Ashi Nagar has recorded the highest number of beneficiaries. In January 2024, NMC received about 2,500 new applications.Read more