Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
03 Apr 2025
MHADA will construct 19,497 housing units in FY 2025-26, allocating INR 9,202.76 crore to address Maharashtra's housing needs. Mumbai tops the list with 5,199 units and INR 5,749.49 crore earmarked, including INR 2,800 crore for BDD chawl redevelopment. Other allocations include 9,902 units in Konkan, 1,836 in Pune, and 1,608 in Chhatrapati Sambhajinagar. Redevelopment projects in Jogeshwari, Bandra, and Goregaon are also funded. MHADA's push aligns with broader efforts to improve housing access across income groups and support regional urban development.Read more
03 Apr 2025
The NCR-based M3M Group, a luxury real estate developer, is set to fully repay its INR 1300 crore loan from Indiabulls by the first quarter of 2025. The loan was used for the purchase and development of the M3M City project in Panipat. Having already repaid INR 802 crore, the company plans to pay an additional INR 331 crore by March 31, 2025, leaving a remaining INR 167 crore to be cleared within Q1 2025. This repayment will make the group debt-free, reflecting its strong financial discipline. The project, M3M City of Dreams, is the group's first major venture in a Tier-2 city.
02 Apr 2025
Zydus Family Trust has purchased a 17,384 sq ft apartment in Oberoi Realty's 'Oberoi 360 West' project located in Worli, Mumbai, for INR 200 crore, equating to approximately INR 1.15 lakh per sq ft. The transaction was registered on March 27, 2025. The trust, promoted by Zydus Lifesciences and Zydus Wellness, includes trustees such as Zydus Group Chairman Pankaj R Patel, Pritiben P Patel, and Sharvil P Patel. This acquisition underscores the growing demand for luxury and ultra-luxury housing in the post-pandemic era.
02 Apr 2025
Amit Rathi, co-founder of QiCAP.AI, has acquired a luxury apartment worth INR 89.91 crore in Palais Royale, Mumbai's tallest building. Located on the 62nd floor, the 7,685 sq ft apartment was bought at INR 1.17 lakh per sq ft. The transaction, registered on March 22, 2025, included five parking spaces and incurred a stamp duty of INR 5.39 crore and an INR 30,000 registration fee. Rathi, previously a non-executive director of Anand Rathi Wealth, co-founded QiCap, a global quantitative multi-asset trading and investment platform. Palais Royale is located in the coveted neighborhood of Worli in Mumbai.
02 Apr 2025
Office leasing activity across India's top seven markets reached 15.9 million square feet in Q1 2025, marking a 15% year-on-year increase, according to a Colliers report. Bengaluru and Delhi NCR led leasing activity, with Chennai recording a remarkable 93% surge. Grade A office absorption grew in most cities, except Hyderabad and Kolkata, which saw declines. New supply stood at 9.9 million square feet, with major contributions from Bengaluru, Delhi NCR, and Pune. Conventional workspaces accounted for 86% of the demand, while flex space leasing grew by 22%. The technology sector remained the largest driver of office demand.
Advertisement
02 Apr 2025
MHADA has submitted redevelopment plans for three slums in Jogeshwari, Chembur, and Kurla under a joint initiative with the Slum Rehabilitation Authority (SRA). These projects, governed by Regulation 33(10) of the Development Control and Promotion Regulations 2034, aim to rehabilitate slum dwellers while MHADA handles construction and financing. Various government agencies have been assigned stalled slum redevelopment projects, with the SRA expediting surveys and relocation. The initiative aligns with Mumbai's broader vision of slum rehabilitation and affordable housing to support its goal of achieving a USD 1 trillion economy by 2030.
01 Apr 2025
Sanjeev Agarwal, CEO of global pharma firm Althera, has purchased three luxury apartments in Raheja Modern Vivarea, South Mumbai, for INR 72.65 crore, as per property registration documents accessed by Zapkey.com. The acquisitions were made in two phases, with the first two apartments bought on February 17, 2025, for INR 26.42 crore and INR 20.09 crore, while the third was purchased on May 22, 2024, for INR 26.14 crore. The combined RERA carpet area of the properties exceeds 8,100 sq ft, and the deal included seven car parking spaces. A stamp duty of approximately INR 4.35 crore and a registration fee of INR 90,000 were paid. This purchase adds to the trend of high-value real estate transactions in South Mumbai, following acquisitions by Nirmal Bang Securities' promoters and Creative Plastics Group in recent years.
01 Apr 2025
Indore leads Madhya Pradesh in green building development, with 478.3 million sq ft of eco-friendly spaces, out of the state's total 500.4 million sq ft, according to the Indian Green Building Council (IGBC). Hosting 170 certified green projects-150 rated gold-the city showcases leadership in sustainable urban planning, integrating energy-efficient designs, renewable energy, and smart infrastructure. Indore, along with Bhopal and Ujjain, has adopted efficient waste, water, and green mobility systems. Challenges include high investment costs and limited professional training. IGBC's Indore Chapter has suggested incentives and partnerships with CREDAI to promote sustainable construction. Nationally, IGBC has 13.26 billion sq ft of green building footprints across 15,500 projects.Read more
01 Apr 2025
The Karnataka Housing Board (KHB) has announced Heritage Heights, a seven-floor apartment project at Kenchalagudu, near Mysuru, with an estimated cost of INR 99 crore. The development will include 196 two- and three-bedroom flats, built on a 1.5-acre site within a larger 180-acre layout where KHB has already sold 2,397 sites. Despite MUDA halting its group housing plans, KHB is proceeding based on strong demand survey responses. Located 2.5 km from the Outer Ring Road on HD Kote Road, the complex will feature modern amenities such as a clubhouse, gym, swimming pool, solar power, car parking, playgrounds, and 24/7 water and security-mirroring Bengaluru-style developments.
01 Apr 2025
India's office sector is poised for strong growth in 2025, driven by economic stability, talent availability, and supportive policies. CBRE's 2025 Outlook highlights increased supply of high-quality office spaces, especially within integrated tech parks. Key markets like Bengaluru, Hyderabad, Mumbai, and NCR will dominate, while Pune, Chennai, and tier-II cities gain traction. Leasing demand will be led by tech firms, BFSI, media, and Global Capability Centres (GCCs), with flexible spaces growing in popularity. Investment activity remains robust, with rising interest from domestic and global investors. Small and Medium REITs (SM REITs) are emerging as a strategic option for mid-sized developers, reflecting a transforming, resilient commercial real estate landscape.
Advertisement
