19 Jun 2026

The National Capital Region Planning Board (NCRPB) has approved the development of four new greenfield urban centres, to be known as ‘Namo Cities’, under the Regional Plan 2041 framework. One city is expected to be developed in each of the NCR participating states—Delhi, Haryana, Uttar Pradesh and Rajasthan—with the Centre earmarking INR 5,000 crore over five years to support the initiative. The proposal forms part of a broader strategy to promote decentralised urbanisation, reduce pressure on Delhi and create new economic and residential growth centres across the region. The plan is linked to NCR’s long-term development vision, which includes improved regional connectivity, transit-oriented growth and the creation of new urban clusters to accommodate rising population and economic activity through 2041.Read more

Mumbai News Desk

19 Jun 2026

• JSW Realty is in discussions to raise approximately USD 169 million (around INR 1,450 crore) from Tata Capital to support a major commercial real estate development in Mumbai.
• The proposed financing is expected to strengthen the company's funding strategy as it expands its footprint in India's premium office and mixed-use property market.
• The move reflects continued lender confidence in high-quality commercial assets in Mumbai, even as developers increasingly rely on structured financing to accelerate project execution.Read more

18 Jun 2026

Harmony Infra Ventures will invest around INR 800 crore to develop a luxury residential project, The Horizon Residences, in Indirapuram, Ghaziabad. The company has acquired a 100% stake in the land-owning entity for the development, which will comprise 264 premium apartments. Homes are being offered at around INR 15,000 per sq ft, with apartment prices ranging from INR 6 crore to INR 7.5 crore. The project is scheduled for completion in 2030 and is expected to generate revenue of approximately INR 1,600 crore. Around 100 units have already been sold. The launch comes amid continued demand for residential properties in Delhi-NCR, where housing sales rose 11% year-on-year during the January-March quarter, according to PropTiger.Read more

18 Jun 2026

Puravankara Ltd has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru to develop a residential project with an estimated revenue potential of INR 800 crore. The outright acquisition offers a development potential of around 0.89 million sq ft and forms part of the company's strategy to strengthen its presence in Bengaluru, one of its key residential markets. While the company did not disclose the acquisition cost or the identity of the seller, it stated that the project would add to its expanding development pipeline. As of March 31, 2026, Puravankara had completed 95 projects covering 57 million sq ft across nine Indian cities, while its total land bank stood at 40 million sq ft and ongoing developments spanned 36.69 million sq ft.Read more

18 Jun 2026

TDI Infratech Ltd has announced an investment of around INR 75 crore to develop a 53-key luxury hotel in Panipat, Haryana, as part of its mixed-use project, TDI Connaught Estate. The company has partnered with Wyndham Hotels & Resorts to manage the property, which will operate under the Ramada by Wyndham brand and is expected to open in the second quarter of 2028. The project aims to strengthen the hospitality offering within the larger mixed-use development.Read more

Mumbai News Desk

17 Jun 2026

Mumbai's redevelopment market has opened 2026 on its strongest footing in years, with nearly 70 developer agreements signed within the first 90 days of the year accounting for over 30 per cent of the total agreements recorded across the whole of 2025. The 70 societies cover approximately 52.2 acres, signalling sustained developer appetite as the city's cumulative pipeline crosses 1,094 societies and 432 acres. Multiple industry reports project a pipeline output of approximately 59,000 new homes worth INR 1,500 billion by 2031, with society redevelopment expected to generate over INR 9,115 crore in stamp duty revenues over the project lifecycle.Read more

17 Jun 2026

Embassy Developments Ltd has awarded a construction contract worth over INR 850 crore to Leighton Asia for its residential development Embassy Citadel in Worli, Mumbai. The company confirmed the development through a regulatory filing earlier this week, stating that the contract includes complete civil and structural works for the project. The development spans a total developable area of 1.6 million sq ft. Embassy Developments, which operates across major Indian cities including Bengaluru, Mumbai Metropolitan Region, Delhi-NCR, Chennai and Indore, continues to strengthen its presence in large-scale residential construction projects through structured partnerships.Read more

17 Jun 2026

Embassy Developments Ltd plans to invest between INR 1,800 crore and INR 2,000 crore in construction activities during FY27 as it accelerates execution across residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. The company, part of the Embassy Group, aims to ensure timely delivery amid rising construction costs driven by higher raw material prices and labour expenses. The developer has also set an ambitious sales bookings target of INR 8,000 crore for the current fiscal, supported by planned housing launches worth nearly INR 20,000 crore. The move follows a strong FY26 performance in which sales bookings more than doubled to INR 4,631 crore, reflecting sustained demand for projects developed by established real estate brands.Read more

17 Jun 2026

Shriram Properties has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru, marking another addition to its residential development pipeline. The company said the proposed project has a gross development value (GDV) potential of more than INR 6 billion. The move comes as Bengaluru continues to see strong residential demand, particularly in emerging growth corridors driven by infrastructure upgrades, employment hubs and improving connectivity. The project is expected to strengthen Shriram Properties’ presence in one of the city's key housing markets.Read more

16 Jun 2026

• Kerala’s proposed AI-enabled township under Infopark Phase III in Kochi is facing legal challenges, delaying the progress of the large-scale technology project.
• Spread across nearly 300 acres, the development is expected to attract investments of around INR 25,000 crore and create about two lakh direct jobs.
• The project is being developed through a land-pooling model involving the Greater Cochin Development Authority (GCDA) and Infopark.
• Legal disputes linked to land acquisition and project approvals have emerged as key hurdles despite progress in planning and stakeholder consultations.
• The township remains a major part of Kerala’s strategy to expand its IT infrastructure and meet growing demand for technology and office space in Kochi.Read more