05 May 2025

McDonald's has leased 1.56 lakh sq ft in RMZ Nexity, Hitec City, Hyderabad, to set up its first Global Capability Centre (GCC) in India, marking a strategic shift toward backend operations. The five-year lease, starting February 2025, includes a INR 1.43 crore monthly rent and a 15% hike after three years. This move is expected to create 2,000 jobs. Hyderabad continues to attract global firms due to its skilled talent pool, affordable rentals, and strong infrastructure. With rising GCC activity and over 14 million sq ft of leasing recorded in Q1 2025 alone, the city is emerging as a major office space hub.Read more

05 May 2025

In a bid to revive stalled housing projects, MHADA has opened seven large layouts across Mumbai-spanning 110 acres in GTB Nagar, Motilal Nagar, Chandivli, Andheri, Mulund, and Backbay-for redevelopment under a new cluster model. The initiative aims to deliver 45,000 new homes by offering better incentives to builders and streamlined processes for residents. MHADA has also launched a Citizen Facilitation Centre with AI tools to enhance transparency and cut out middlemen. Long-delayed projects like Patra Chawl and Motilal Nagar are now being revived, with developers to be selected through open bids and reduced premiums to ensure project viability.Read more

05 May 2025

Actor Vicky Kaushal has renewed the lease on his 2,781 sq ft sea-facing apartment in Mumbai's Raj Mahal project, paying INR 17.01 lakh monthly rent for two years and INR 17.86 lakh in the third, totaling INR 6.2 crore over three years. The deal includes a INR 1.75 crore deposit and three parking spots. This move reflects a growing trend among Bollywood celebrities choosing high-end rentals over ownership for flexibility and access to prime locations. With Juhu remaining a celebrity hotspot, the trend is shaping Mumbai's luxury real estate market towards premium rental offerings over outright purchases.Read more

02 May 2025

Kolkata’s housing market is undergoing a shift, with unsold affordable homes (below INR 40 lakh) falling by 20% between 2024 and 2025, while unsold luxury units (above INR 1.5 crore) surged by 96%, The Times of India reports. Anarock data shows 37% of 66,260 new units launched since 2021 were in the affordable segment, underscoring strong demand despite fewer new launches post-pandemic. Meanwhile, slower absorption in the luxury market may push developers to recalibrate project portfolios. As Kolkata’s real estate evolves, buyers can expect greater choice and potentially competitive pricing across both affordable and premium housing segments.Read more

02 May 2025

Former cricketer Sanjay Manjrekar has sold his 2,315 sq ft apartment in Mumbai’s Raheja Imperia, Lower Parel, for INR 13.5 crore, according to property documents reviewed by Zapkey. The April 8 transaction included one parking space and INR 81 lakh in stamp duty. Lower Parel’s evolution into a prime residential and commercial hub continues to attract celebrities and professionals. Manjrekar’s sale reflects broader trends, with recent high-profile purchases by KL Rahul, Suniel Shetty, and Suryakumar Yadav. These transactions highlight strong momentum in Mumbai’s luxury real estate market, supported by strategic moves from both individuals and corporations across India’s property landscape.Read more

02 May 2025

The Maharashtra government has approved a cluster redevelopment plan for 19 old buildings near Mumbai’s Elphinstone bridge, postponing immediate demolition amid strong resident opposition. Initially, buildings like Haji Noorani and Laxmi Niwas were marked for demolition, but concerns over displacement and indefinite delays in a combined redevelopment prompted protests. At a joint meeting with residents and authorities, officials agreed to prioritize resident relocation before proceeding with the bridge’s removal. The BMC and MSRDC will now revise the redevelopment strategy, incorporating public feedback and assessing infrastructure impacts. Demolition will only begin once a clear, phased plan and proper housing arrangements are in place.Read more

02 May 2025

The Rajasthan Housing Board (RHB) is preparing to introduce two residential schemes Ganga and Gulmohar in the Mansarovar area of Jaipur. These projects aim to provide affordable housing options for middle-income groups (MIG) and are expected to offer 160 flats in 2-BHK and 3-BHK configurations. The minimum price for these units is set at approximately INR 45 lakh. This marks RHB's first MIG development in Mansarovar in about a decade, with the last being the Dwarka Apartment. Additionally, RHB plans to launch a scheme with 60 flats in Sector 26 of Pratap Nagar. The board is also expanding its reach by planning housing schemes in Udaipur, Barmer, Kota, and Hanumangarh, catering to various income groups including EWS, LIG, MIG, and HIG.Read more

01 May 2025

Zee Entertainment Enterprises Ltd (ZEEL) has sold a 28,221 sq ft property in Hyderabad's Jubilee Hills for INR 99 crore to Adman Creatives, as part of its strategy to monetize non-core assets and strengthen its balance sheet following the failed Sony merger. Originally tied to Padmalaya Studios, the property was designated for entertainment purposes. The sale reflects Zee's broader efforts to improve cash flows amid Hyderabad's booming real estate market, where property rates in Jubilee Hills surged 35.88% year-on-year. This divestment highlights the company's focus on streamlining operations while Hyderabad continues attracting major corporate investments.Read more

01 May 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to redevelop its four-decade-old residential complex in Nagpur's Civil Lines area, marking a significant real estate initiative. The project, located behind the Regional Transport Office (RTO), is progressing through discussions with residents, with several meetings already held. The redevelopment aims to modernize aging infrastructure and enhance urban housing. This effort is part of broader plans to improve Nagpur's housing infrastructure, including providing 5,000 homes to power plant workers and permanent housing to slum dwellers under the Pradhan Mantri Awas Yojana (PMAY).Read more

01 May 2025

Macrotech Developers Ltd (Lodha) has signed a joint development agreement worth INR 165.3 crore for a 20,468 sq. m. land parcel in Wakad, Pune, partnering with Goelpushp Developers LLP, Shri Balaji Ventures, and Goel Ganga Group. Landowners will receive 22.5% of the project revenue. Located near the Hinjewadi IT Park, Wakad is a fast-growing real estate hub with rising demand and prices. This deal supports Macrotech's expansion strategy across Pune, MMR, and Bengaluru. The firm plans to invest over INR 8,000 crore in FY26 for new land deals, targeting INR 25,000 crore in project revenue and INR 21,000 crore in annual sales.Read more