14 Mar 2025

TCS has announced the acquisition of Bengaluru-based commercial real estate firm Darshita Southern India Happy Homes for INR 2,250 crore. The IT giant plans to use the acquired property as a delivery centre, with the deal structured as a call option to secure full ownership after two years. This move aligns with TCS's strategy of expanding its seating capacity, complementing its earlier acquisitions of TRIL Bengaluru Real Estate Five and Six for INR 1,650 crore. The company balances owned and leased office spaces to manage costs and flexibility. The target firm, originally planned as a residential project, was converted into a commercial office space in FY19 under the name Salarpuria Sattva Knowledge Point.Read more

14 Mar 2025

Lodha has acquired a prime land parcel in Jogeshwari West, Mumbai, for a premium residential project, strengthening its presence in the western suburbs. Following the announcement, Lodha's stock surged 5.12%, closing at INR 1,131.75. The company added eight new projects in MMR, Bengaluru, and Pune in FY 2024-25, with a gross development value of INR 19,500 crore. India's real estate sector is experiencing record land acquisitions, driven by housing demand, infrastructure growth, and investor confidence. With increasing global and domestic financial backing, land transactions remain a key driver of growth in metro and tier-2 cities.Read more

14 Mar 2025

The National Company Law Tribunal (NCLT) has approved a resolution plan for Universal Buildwell Private Limited's delayed projects, which is a significant relief for more than 1,000 homebuyers. This decision allows the homeowners' association to oversee construction and ensure its timely completion. The builder, which had launched several projects in Gurugram and Faridabad, faced insolvency in 2018 due to the non-delivery of units. The case took a significant turn when the former promoters, who had been absconding, were arrested in 2024. The approval of the resolution plan marks a crucial step forward, setting a precedent for homebuyers' associations to take control of stalled developments.Read more

13 Mar 2025

Delhi-NCR has emerged as the leading housing market in 2024, surpassing Mumbai and Hyderabad, driven by a remarkable 66% surge in sales value in Gurugram alone, as per PropEquity. The region's total sales value has grown by 63% to INR 1.53 lakh crore, crossing the INR 1 lakh crore threshold for the first time. In contrast, Mumbai recorded INR 1.38 lakh crore with a modest increase, while Hyderabad experienced a decline. The report highlighted robust infrastructure development, increased corporate presence, and employment opportunities as key drivers of demand in Delhi-NCR, especially in high-value housing.Read more

13 Mar 2025

India's senior population is projected to grow from 157 million in 2024 to 346 million by 2050 (20.6% of the population), driving demand for modern senior living communities. A CREDAI-KPMG report highlights the rise of organised senior housing, with South India leading (62% of projects), particularly in Coimbatore, Bengaluru, and Chennai. Unlike traditional care homes, new-age senior living spaces focus on independent living, wellness programs, and medical support. The global senior living market, valued at USD 190 billion in 2020, is set to reach USD 375 billion by 2030, with India emerging as a key player. Increased investments, urban connectivity, and government policies are further boosting the sector.Read more

13 Mar 2025

Ahmedabad is witnessing rapid growth in skyscraper construction, with a new 150-metre commercial tower planned near Nirma University, set to become the city's tallest building. This development is part of a larger trend of vertical expansion, driven by regulatory changes that have increased the Floor Space Index (FSI) in key areas. The Ahmedabad Municipal Corporation (AMC) has approved 23 buildings over 100 metres, while the Ahmedabad Urban Development Authority (AUDA) has cleared six, with more under review. Other cities like Surat, Gandhinagar, and Vadodara are also seeing high-rise projects. With ongoing policy support and rising demand, Ahmedabad is emerging as a skyscraper hub in Gujarat.Read more

12 Mar 2025

The Slum Rehabilitation Authority (SRA) in Mumbai has invited applications for the empanelment of developers to undertake redevelopment projects under its jurisdiction. Application forms will be available from 7th March to 21st March 2025 at the SRA office in Bandra (East). Developers must submit detailed documentation, including project experience, financial turnover, and manpower availability. Empanelled developers will be responsible for tasks such as site demarcation, transit arrangements, construction, and obtaining necessary approvals. The selection process ensures that only competent developers are enlisted, with annual revisions to maintain high standards.Read more

12 Mar 2025

The Konkan Housing and Area Development Board (MHADA) has launched the sale of school and multispecialty hospital plots in Shirdhon and Khoni, Kalyan, through an online tender process closing on March 18, 2025. These plots are part of large-scale townships with over 18,000 EWS and LIG units under Pradhan Mantri Awas Yojana (PMAY). Located near the Virar-Alibaug Multimodal Corridor and Katai-Badlapur Pipeline, these projects aim to integrate residential, educational, and healthcare facilities. This model follows Nanded City (Pune) and Gaur Yamuna City (UP), promoting self-sustained urban development with essential infrastructure.Read more

11 Mar 2025

The Indian residential real estate market has seen a surge in demand for newly launched properties, with 42% of the 4.60 lakh homes sold in 2024 coming from new projects, up from 26% in 2019, according to ANAROCK. Cities like Bengaluru and Chennai led the trend, with 53% of sales from new launches, while NCR (44%), Mumbai (36%), and Pune (42%) also saw significant growth in this segment. Despite a 4% decline in sales volume, the market's value jumped 16% to ?5.68 lakh crore, driven by a preference for modern, high-value properties. Government initiatives such as RERA and Housing for All have further boosted buyer confidence, making new launches the preferred choice for homebuyers.Read more

11 Mar 2025

Casagrand, a prominent real estate developer in South India, revealed its strategic expansion plans aimed at consolidating its presence in the Hyderabad market. The company announced the addition of 2.74 million square feet of residential developments across key locations such as Mankhal, Attapur, Gowdavalli, and Kompally. Following the successful launch of Casagrand Hanford in Mamidipally in 2023, Casagrand has introduced two additional projects-Evon in Kompally and Windsor Court in Mankhal-both catering to buyers seeking quality and exclusivity.Read more