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

22 Apr 2025

Gunjur, a rising micro-market in Bengaluru, has seen a 146% surge in property prices since 2020, with average rates hitting INR 11,850 per sq. ft. in 2024. PropEquity attributes this growth to high demand for premium homes and strategic proximity to IT hubs like Whitefield and Sarjapur Road. Project launches rose by 150%, and unit absorption doubled over the past five years. Demand for 3BHK homes priced INR 1-2 crore has notably increased. Upcoming infrastructure projects like the Peripheral Ring Road and Bengaluru Business Corridor are further enhancing Gunjur's appeal, positioning it as a high-potential destination for investors and homebuyers alike.Read more

22 Apr 2025

JP Infra, a prominent name in the Mumbai Metropolitan Region real estate landscape, has roped in Bollywood star Kareena Kapoor as its brand ambassador. Known for luxury, elegance, and sustainable developments, JP Infra's collaboration with the actor is intended to enhance its brand persona and deepen its connection with aspirational homebuyers. The move reflects the company's continued commitment to offering premium residential experiences.Read more

21 Apr 2025

Gurugram is set for a major transformation with the launch of Global City a INR 1 lakh crore, 1,000-acre mixed-use smart city along Dwarka Expressway. Phase 1, spanning 587 acres, involves INR 940 crore in infrastructure work including roads, a utility tunnel, and a 350 million-litre reservoir. The city will have 56% commercial and 40% residential use, with dedicated spaces for education, healthcare, and green zones. With seamless access to airports, railways, and highways, and smart transit like EV buses and LRT, the project targets 1.6 million people and 5 lakh jobs. Investors like DLF and Adani have shown keen interest in this futuristic hub.Read more

21 Apr 2025

Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, marking a strategic investment along the rapidly developing Ghodbunder Road corridor. The deal, registered on March 20, 2025, is part of a larger 30-acre holding, hinting at potential future development. Their move aligns with growing celebrity interest in Mumbai's suburban markets, driven by infrastructure projects like Metro Line 4 and the Borivali - Thane Twin Tunnel. The duo latest acquisition adds to their growing real estate portfolio, including a INR 20-crore Bandra apartment and an INR 8-crore buy in Khar.Read more

21 Apr 2025

Mulund, traditionally seen as the Gateway of Mumbai's Central Suburbs, is now positioning itself as a strategic real estate hotspot, bridging the city Eastern and Western corridors. Fuelled by major infrastructure projects such as Metro Line 4, Metro Line 5, and the upcoming Goregaon-Mulund Link Road (GMLR), the locality has witnessed a 42% increase in capital values between 2021 and 2024. With its green landscapes, expanding luxury housing, and growing commercial presence, Mulund is redefining urban living by combining nature, connectivity, and modern amenities attracting both mid-income and premium homebuyers.Read more

18 Apr 2025

NBCC (India) Ltd has successfully mobilized over INR 7,000 crore through bulk auctions of residential units from stalled Amrapali projects, marking a major step in reviving nearly 46,000 delayed homes in Noida and Greater Noida. By selling over 3,700 units to private developers, including Mansan Builders, Gaursons India, and Happy Valley Infra, NBCC has fast-tracked funding and cleared significant dues. The company plans to auction 3,400 more units and repay bank loans while developing new housing across six major projects. These efforts, supervised by the Supreme Court-appointed receiver, signify steady progress toward completing the long-pending Amrapali housing developments.Read more

18 Apr 2025

A new study by Grihum Housing Finance highlights rising property prices in Delhi-NCR's micro-markets, driven by post-pandemic homeownership demand, migration, and government schemes like PMAY. The Grihum Guide to Affordable Housing: Delhi-NCR Edition analyses data from 2005 to 2024, showing how "Housing for All" is reshaping areas like Kakrola, Palam, and Shyam Vihar. Grihum CEO Manish Jaiswal stressed that understanding asset-level risks-especially Loss Given Default (LGD)-is crucial for sustainable growth in the sector. The report also proposes EMI ranges based on buyer income and addresses infrastructure gaps, calling for fast-track policy support. It serves as a key resource for developers, investors, and policymakers.Read more

18 Apr 2025

CREDAI Bengaluru has appointed Zayd Noaman as its new president, succeeding Amar Mysore. Noaman, Executive Director at Prestige Group, brings a wealth of experience in corporate finance and strategy. The new office bearers, including President-Elect Bimal Hegde, Vice President Karan R Shetty, and others, will serve a two-year term. The leadership team is focused on promoting sustainability in construction, strengthening partnerships, and improving efficiency in Bengaluru's real estate sector, which saw over 17% of India's residential sales last year.Read more

18 Apr 2025

The Mumbai Khadi & Village Industries Association (MKVIA) has sold a 3.84-acre land parcel in Borivali (West) for INR 539 crore to a local developer, highlighting rising land demand in Mumbai's suburbs. The buyer has paid INR 52 crore upfront, with the balance tied to project milestones and final occupancy. Originally under occupancy class-II, the land was converted to freehold (class-I) after MKVIA paid a INR 51.7 crore premium. The sale followed a formal auction process and regulatory approvals. The site is expected to host a residential-led mixed-use development, leveraging Borivali's robust infrastructure and growing end-user demand.Read more