25 Apr 2025

Aamir Khan's residence in Mumbai's Pali Hill is being redeveloped into a luxury housing project by Atmosphere Realty, a joint venture between MICL, Wadhwa Group, and Chandak Group. The Virgo CHS, where Khan owns 12 flats, will be replaced with upscale 4 and 5 BHK sea-view apartments priced above INR 1 lakh per sq ft. Set for launch by December 2025, the project includes a rehab section for current residents. Khan recently bought another Pali Hill property worth over INR 9 crore. Despite a slowdown in the ultra-luxury segment, developers are confident in the project's success amid strong demand in premium locations.Read more

25 Apr 2025

The Delhi Development Authority (DDA) has issued urgent notices to residents of Signature View Apartments in Mukherjee Nagar to vacate their flats, as the 336-unit complex has been deemed structurally unsafe. An e-tender for demolition was floated on March 17, with the process expected to conclude within 120 days of site handover. Although the Delhi High Court mandated evacuation by March 23, many residents remain due to delays in rent compensation. While 111 families have vacated, they await promised assistance. The DDA has pledged compliance with court orders and assured further details on compensation and reconstruction will be shared soon.Read more

24 Apr 2025

The Yamuna Expressway Industrial Development Authority (YEIDA) recently launched a scheme offering 276 residential plots in Sector 18, Noida. These plots, measuring 200 square metres each, are priced at INR 35,000 per square metre, marking a 35% increase from previous rates. Applicants can apply until May 21, with a draw set for July 11. A 10% registration fee is required, and the remaining amount must be paid within 60 days. This scheme is part of YEIDA's wider plans, which include upcoming plots for group housing, industrial, commercial, and hotel projects near the Noida International Airport.Read more

24 Apr 2025

Akshay Kumar has sold an office space in Lower Parel, Mumbai for INR 8 crore, earning a 65% return on his 2020 purchase of INR 4.85 crore. Located in the upscale One Lodha Place project, the 1,146.88 sq ft office also included two parking spots. The deal, registered in April 2025, involved a stamp duty of INR 48 lakh. Earlier this year, he sold a Borivali flat and a luxury Worli apartment for impressive profits. His success highlights growing celebrity interest in commercial property, especially in prime areas like Lower Parel.Read more

24 Apr 2025

Macrotech Developers Ltd (Lodha) has reduced its net debt by 7% to INR 3,990 crore in Q4 FY25, aided by record home sales and strong customer collections. Sales bookings rose 21% year-on-year to INR 17,630 crore, while collections jumped 29% to INR 14,490 crore. Despite acquiring 10 new land parcels across MMR, Pune, and Bengaluru-xpected to yield INR 23,700 crore in GDV-the company maintained healthy cash flow. Macrotech is also expanding into logistics, office, and retail segments. Separately, it resolved a brand dispute with House of Abhinandan Lodha, affirming independent operations and brand identities. The company remains firmly positioned for sustained growth.Read more

24 Apr 2025

The Tamil Nadu Urban Habitat Development Board (TNUHDB) has imposed a penalty of INR 15 lakh on a contractor for significant delays in three housing reconstruction projects in Chennai. These projects, located in Gandhi Nagar, Periyar Nagar, and Goyathoppu, are part of the PMAY-AHP scheme and were expected to be completed within 18 months using pre-fabricated concrete technology. However, progress has been sluggish, with completion rates ranging from 34% to 45%. The delays have forced displaced residents to incur additional rental expenses. TNUHDB has warned of further penalties if the contractor fails to expedite the work.Read more

23 Apr 2025

Bengaluru's luxury real estate market has hit a new milestone, with annual sales of homes priced above INR 10 crore surpassing INR 1,000 crore for the first time, according to a joint report by India Sotheby's International Realty and CRE Matrix. Notably, 42% of these high-end sales occurred in FY25 alone, signaling strong momentum driven by a booming tech economy, rising affluence, and growing demand for exclusive living. Hebbal led with 22% of total sales, while areas like Domlur and Bommanahalli are emerging as new luxury hubs. Buyers are favoring large apartments (5,000-7,000 sq ft), reflecting a shift toward lifestyle- and quality-focused investments.Read more

23 Apr 2025

Oberoi Realty Ltd reported a 31% jump in sales bookings, reaching INR 5,266 crore in FY 2024-25, up from INR 4,007 crore the previous year. The Mumbai-based luxury developer sold 928 units, compared to 705 in FY24, with total carpet area sold rising by 19% to 12.81 lakh sq ft. The strong performance reflects sustained demand for premium housing, particularly in Mumbai. With upcoming projects in Borivali, Thane, and Goregaon, and a focus on mixed-use developments, Oberoi Realty is well-positioned to benefit from India's positive economic outlook and growing interest in high-end homeownership.Read more

23 Apr 2025

NCR-based Apex Group has submitted a INR 700 crore proposal to the Supreme Court to revive 16 stalled Supertech housing projects, aiming to deliver 20,000 unfinished units across Noida, Greater Noida, and Ghaziabad. The plan includes settling INR 2,500 crore in dues to authorities over five years and has received initial support from the Uttar Pradesh government. Apex has already resumed work at Eco Village 2, now rebranded as Shree Radha Sky Garden. With 14,999 homes under construction and 5,000 pending financial closure, the proposal is under review by the Amitabh Kant Committee, offering fresh hope to 14,000+ affected homebuyers.Read more

22 Apr 2025

The Kerala state government is actively exploring options to advance the stalled Global City project in Ayyampuzha, amid delays in receiving central approval. The project, part of the Kochi-Bengaluru Industrial Corridor (KBIC), has faced setbacks due to concerns over its residential focus, diverging from industrial objectives. While the Palakkad node has moved forward with cabinet approval and land transfer, Ayyampuzha's development remains on hold. The state is considering independent implementation, potentially using state funds, to keep the project viable. Despite the central government's hesitations, Kerala is hopeful for a resolution and remains committed to the project's progress.Read more