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

30 Apr 2025

Hero Realty Pvt Ltd, backed by Sunil Kant Munjal's Hero Enterprise, has announced plans to invest INR 3,078 crore in a premium residential project located in Sector 104, Gurugram, along the Dwarka Expressway. This venture marks the second collaboration between Hero Realty and Gurugram-based Saheb Enterprise, aiming to develop approximately 3 million square feet of residential space across 11 acres. The project is poised to become one of the largest residential developments in the region, reflecting Hero Realty's strategic expansion into key growth corridors in North India.Read more

30 Apr 2025

ONE Group Developers has revealed plans to invest over INR 1,200 crore in Mohali over the next two years. The investment will fund a series of residential and commercial projects in prime sectors, including low-rise independent floors, residential plots, and a group housing project. The company aims to create sustainable, integrated communities that align with modern urban living. With a strong presence already established in the city, ONE Group plans to build on its successful projects and further elevate Mohali's real estate landscape.Read more

30 Apr 2025

NCR's real-estate market has witnessed remarkable growth over the past five years, with Greater Noida leading at 98% price appreciation, followed by Noida (92%) and Gurugram (84%). Overall, NCR saw an 81% rise in residential prices. Unsold inventory dropped by 51%, with Noida recording the sharpest fall at 72%. The inventory overhang reduced dramatically from 88 to 17 months by Q1 2025. New launches surged, with 53,000 units added in 2024, a 44% increase from 2023. Post-COVID trends show a strong shift toward luxury housing, with ultra-luxury segment launches rising to 59%, while affordable housing's share declined to 11%.Read more

29 Apr 2025

Tesla has leased a 4,003 sq ft showroom in Mumbai's Bandra Kurla Complex (BKC) at a record INR 881 per sq ft to showcase its electric vehicles, marking a major step in its India entry. The five-year lease began in February 2025, with a 5% annual rent hike and a security deposit of INR 2.11 crore. Tesla also leased a 30-seater office at Phoenix Market City in Kurla to support its local operations. These moves follow CEO Elon Musk's discussions with Prime Minister Modi and reflect Tesla's serious push into India's growing EV market, aligning with the country's green energy and transportation goals.Read more

29 Apr 2025

AML RightSource, a U.S.-based firm specializing in financial crime prevention and third-party compliance, has leased 157,000 sq ft at Max Square in Noida to establish a Global Capability Centre (GCC). This move is part of a broader trend of multinational companies expanding their operations in Noida, driven by infrastructure developments like the upcoming Jewar Airport. The leasing activity in Noida has been bolstered by increased demand from the IT-BPM sector, which accounted for 45% of the gross leasing volume in the first quarter of 2025.Read more

29 Apr 2025

The Odisha government is moving ahead with plans to build 100,000 houses under the second phase of its Antyodaya Gruha Yojana, a key rural housing initiative. This follows the completion of phase one, which saw 60,000 house orders being issued. With an allocation of INR 2,600 crore for the current financial year and INR 7,550 crore over the next three years, the government aims to construct a total of 500,000 houses. Officials have been instructed to identify eligible beneficiaries, including those affected by natural disasters and persons with disabilities, within the next two months.Read more

28 Apr 2025

India launched the Smart Cities Mission in 2015 to modernize urban spaces through targeted infrastructure upgrades. Over the past decade, cities have completed more than 90% of the planned 8,000 projects, using INR 1.50 lakh crore of the INR 1.64 lakh crore allocated. States like Uttar Pradesh, Tamil Nadu, and Maharashtra directed the highest levels of investment. Cities focused on enhancing mobility, water systems, and sustainability through innovative, city-specific solutions. The mission combined central funding with municipal resources and financial tools. As it enters its tenth year, the mission continues to drive transformative, inclusive urban growth across India.Read more

28 Apr 2025

The Lucknow Development Authority (LDA) has increased discounts on flat purchases to boost sales. Now, buyers can get INR 1.5 lakh off on flats priced up to INR 45 lakh, and INR 2 lakh off on flats priced above INR 45 lakh. The offer is valid till June 30 on a first-come, first-serve basis. The discounts apply to various LDA housing schemes across Lucknow, including areas like Kanpur Road, Shardanagar, Jankipuram, and Adra. LDA has also hired private real estate brokers to help sell unsold flats. The scheme was first launched last October and has now been revised again.Read more

25 Apr 2025

Max Estates Ltd. has acquired the long-stalled 'Delhi One' project in Noida through the insolvency resolution process, investing INR 1,400 crore to revive it. The mixed-use development will span 2.5 million sq ft and include luxury serviced residences, premium offices, and retail spaces. The acquisition, completed on April 23, 2025, follows approvals from NCLT and NCLAT. With a sales potential of INR 2,000 crore and expected rental income of INR 120 crore, the project marks Max Estates' expansion into residential real estate. The revival positions ;Delhi One; as a major Noida landmark, reinforcing the company growing presence in the Delhi-NCR real estate market.Read more