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26 Mar 2025
Residents of Chandshi village in Nashik have urged the Nashik Metropolitan Region Development Authority (NMRDA) to allocate smaller-sized plots in the upcoming town planning scheme. The project, covering 100 acres, aims to provide developed land with essential infrastructure, returning 60% of land to farmers. Villagers argue that smaller plots are more practical for sale and development. NMRDA Commissioner Manikrao Gursal acknowledged their concerns and assured further discussions. Similar schemes in Nashik's Makhmalabad area have balanced infrastructure improvements with landowner benefits, reflecting a collaborative approach to urban planning.
25 Mar 2025
The Thanal housing project, aimed at rehabilitating 99 families from Vikalanga Colony in Thiruvananthapuram, is stalled due to pending technical sanctions. The Uralungal Labour Construction Cooperative Society (ULCCS), contracted for the project, submitted a revised cost estimate exceeding the initial INR 20 crore budget, but the Thiruvananthapuram Corporation has yet to approve it. Residents continue to face poor living conditions as the delay persists. Similar setbacks have affected major projects like Kolkata West International City and Mumbai's Dharavi redevelopment, highlighting the need for streamlined approvals to prevent prolonged hardships for vulnerable communities.
25 Mar 2025
The RG Luxury Homes project in Greater Noida West is set to hand over possession to 600 homebuyers who have been waiting for six years. The developer has secured occupancy certificates for three additional towers under the National Company Law Tribunal's (NCLT) reverse insolvency process, bringing the total to seven towers cleared for possession. The project, which was stalled in 2016 due to financial troubles, is the first in Gautam Buddh Nagar to achieve this milestone under this insolvency route. With only two towers left under construction, RG Group is steadily moving toward completing the first phase of the long-delayed project.Read more
25 Mar 2025
Tribeca Developers and Kundan Spaces, in collaboration with the Trump Organisation, have announced their first Trump-branded commercial real estate project in India. The project, named Trump World Centre Pune, is set to span 1.6 million sq ft, offering over 27 floors of premium office spaces. Located in Pune's Koregaon Park annexe, the development involves an investment of approximately INR 1,700 crore, with sales potential estimated at INR 2,500 crore. Additionally, Tribeca Developers revealed plans to introduce three new luxury residential projects in North and South India, with an expected investment ranging from INR 6,000 crore to INR 7,000 crore in the coming months.
25 Mar 2025
The National Stock Exchange (NSE) is set to transform its current Bandra-Kurla Complex (BKC) headquarters into a captive data hub and relocate its primary offices to a newly allotted one-acre site in G Block, BKC, on an 80-year lease. This move supports NSE's expansion and plans for a modern headquarters to be completed within three years. The current Exchange Plaza building, historically significant for Mumbai's financial shift from Nariman Point to BKC, will continue housing key IT and listing services. NSE's expansion reflects its global stature as a leading derivatives exchange, focused on technological innovation and strengthening India's financial infrastructure.
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24 Mar 2025
Ajmera Realty & Infra India Ltd (ARIIL) has won the redevelopment contract for Ascot Co-operative Housing Society in Andheri West, covering 2,319 sq. m. with a potential sales revenue of INR 320 crore and a carpet area of 71,300 sq. ft. This project aligns with Mumbai's growing redevelopment trend, addressing infrastructure aging and land scarcity. Similar efforts include Kalpataru's INR 2,000 crore projects in Chembur and Goregaon and Mahindra Lifespace's INR 1,800 crore Borivali redevelopment. The move highlights ARIIL's asset-light strategy while contributing to Mumbai's modernization and urban renewal.Read more
24 Mar 2025
The South Central Railway (SCR) has invited expressions of interest to develop vacant railway land across eight prime locations in Hyderabad, including Lallaguda, Mettuguda, Arts College, Alwal, and Uppuguda. Spanning over 7,000 square meters, these properties will be converted into commercial spaces such as fitness centers, food courts, function halls, drive-ins, and retail stores. This initiative aligns with Indian Railways' broader land monetization strategy, similar to projects in Mumbai, Delhi, and Howrah. Additionally, SCR is redeveloping Secunderabad Railway Station with a INR 720 crore investment to enhance infrastructure and operational efficiency.Read more
24 Mar 2025
The Gurugram district administration has approved the demolition of Towers E, F, and G at NBCC Green View in Sector 37D due to severe structural deterioration. The decision follows NBCC (India) Ltd.'s request, citing safety risks, especially after multiple balcony collapses in 2024. These towers remain under NBCC's ownership, as they were never sold. The demolition, using high-reach machines, will follow safety and environmental protocols, with NBCC bearing full responsibility. Similar demolitions in Noida and Joshimath highlight the need for strict structural assessments and adherence to building regulations to prevent such failures in urban developments.Read more
21 Mar 2025
The Delhi Development Authority (DDA) has launched a new housing scheme, offering 828 flats for Low-Income Group (LIG) and Economically Weaker Section (EWS) applicants. The scheme includes 624 LIG flats in Siraspur and 204 EWS flats in Loknayak Puram, priced between INR 17.4 lakh and INR 28.4 lakh. A 25% discount is available for disadvantaged groups. Additionally, DDA has introduced the Dwarka Community Service Personnel Housing Scheme with 349 flats for essential service workers. Online registration is open until March 24, with an e-auction starting March 29. These initiatives aim to boost affordable housing access in Delhi.Read more
21 Mar 2025
Smartworks Coworking Spaces Limited has leased 2.2 lakh sq ft at DLF Cyber City, Gachibowli, Hyderabad, expanding its city footprint beyond 10 lakh sq ft. This marks Smartworks' fourth center in Hyderabad, adding to its presence in Raidurg, Kondapur, and Madhapur. Located in the IT corridor, the new space offers excellent connectivity to HITEC City, Outer Ring Road, metro, and the airport. The move follows a 4.7 lakh sq ft lease in Gurugram earlier this year. With 9.12 million sq ft across 45 centers in 13 cities, Smartworks remains India's largest managed campus operator.Read more
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