30 Jan 2025

The Maharashtra government's Dharavi Redevelopment Project (DRP), a multi-billion-dollar initiative, guarantees housing benefits for all residents, including former landowners under the cancelled Vacant Land Tenure (VLT) scheme. The Adani Group, through its joint venture Navbharat Mega Developers Private Ltd (NMDPL), will oversee the redevelopment process, building affordable housing and commercial spaces. Former landowners and private societies in the Dharavi Notified Area (DNA) are encouraged to participate in this transformative urban renewal project. Sustainable infrastructure, vocational training, and eco-friendly job opportunities are key components of the project aimed at uplifting the Dharavi community.Read more

30 Jan 2025

Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, has partnered with Mitsubishi Estate Co. (MEC) to invest INR 560 crore in a residential project in Southeast Bengaluru. The joint venture, structured as an SPV with BEPL holding a 51% stake and MEC's affiliate MJR Investment Pte. (MIPL) owning 49%, will develop four million sq. ft. of premium housing. This marks MEC's first entry into the Indian real estate market. The collaboration reflects Bengaluru's strong housing demand, driven by its growing IT sector and infrastructure development, and signals rising foreign investor interest in India's real estate sector.Read more

30 Jan 2025

The Jharkhand State Housing Board (JSHB) will launch an online lottery for 181 houses and flats from February 10 to March 10, 2025, marking the first fully digital allotment process. Properties will be allotted on an "as is where is" basis. Application fees are INR 1,000 for EWS, INR 2,000 for LIG/MIG, and INR 3,000 for HIG, with an 18% GST. Eligibility includes no prior property ownership within 8 km. Houses range from 421 sq. ft. for EWS to 1,500+ sq. ft. for HIG. The initiative aims to enhance affordable housing access in Jharkhand.Read more

Vidhi Sangoi

29 Jan 2025

The East Kidwai Nagar Redevelopment Project in New Delhi, valued at INR 5,298 crore, spans 86 acres (35 hectares), transforming aging government housing into a state-of-the-art urban space. Managed by NBCC, it features 4,700 residential units, 102,000 sq. m of office space, and 1.35 million sq. m of built-up area. The project includes 78 residential towers, four office towers, and world-class amenities. With a focus on sustainability, it incorporates GOLD-rated Green Building standards, solar power, rainwater harvesting, and smart infrastructure, positioning it as a model for urban redevelopment in India.Read more

29 Jan 2025

Home sales registrations in Hyderabad grew by 7% year-on-year (YoY) in 2024, according to Knight Frank India. The total transaction value rose by 23% during the same period. The residential market spans Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts. It showed a shift towards premium homes, with a 58% YoY increase in registrations for properties above INR 1 crore. In December 2024, 5805 properties were registered. This marked a 5% month-on-month (MoM) rise but a 20% YoY drop. Despite the decline, the city's demand for larger homes and better amenities remained strong.Read more

29 Jan 2025

Max Estates and M3M India emerged as top bidders in a Noida Authority auction for commercial land parcels, collectively generating over INR 1,500 crore. Max Estates acquired the largest plot of 41,835 sq metres for INR 700 crore, with 40% designated for residential use. M3M India secured a 23,570 sq metre plot for over INR 400 crore. Mangalam Group and Vertex Construction also participated, winning plots of 24,000 sq metres and 812 sq metres, respectively. These developments underline Noida's growing prominence as a commercial hub, supported by past infrastructure investments and increasing demand for mixed-use spaces.Read more

28 Jan 2025

Mumbai's Slum Rehabilitation Authority (SRA) projects are playing a pivotal role in reshaping the city's real estate landscape. These initiatives address the pressing housing shortage while integrating slum residents into modern urban frameworks. With contributions from prominent developers, the schemes are transforming slums into modern residential and commercial spaces. Milestones such as the delivery of over 3,000 homes by the Chandak Group and the phased handover of units by Transcon Developers underline the social and economic impact of SRA developments. The projects exemplify successful public-private collaboration, fostering a vision of inclusive growth for Mumbai.Read more

28 Jan 2025

Mumbai's central suburbs, particularly Mulund, are witnessing a surge in real estate development driven by improved infrastructure and heightened homebuyer interest. According to Knight Frank, property registrations in the area grew significantly, reflecting its rising appeal. Developers and experts highlight Mulund's transformation into a coveted destination due to its strategic location, greenery, and modern amenities. Renowned personalities, such as Amitabh and Abhishek Bachchan, have also invested here, underscoring its popularity. With upcoming infrastructure projects like the Mumbai Metro Line 4, Mulund promises exceptional growth potential and remains a key choice for both homebuyers and investors.Read more

27 Jan 2025

India has cemented its status as a premier hub for Global Capability Centers (GCCs), hosting over 825 centers for 450+ Global 2000 companies, according to the ANSR Q3 GCC Report. Bengaluru leads with 285 GCCs and 62% of the total leased space, followed by Hyderabad with 110 centers. North American firms dominate with 256 centers, while BFSI remains the top sector. In Q3 2024, GCCs leased 8.2 million sq. ft., accounting for 44% of total office leasing. With multi-center expansion and a focus on digital transformation, India is set to host 620 GCCs by 2030.Read more

24 Jan 2025

The Varanasi Development Authority (VDA) has launched an e-auction for 73 unsold plots under the Transport Nagar scheme, running until February 6. This initiative replaces traditional lottery methods to enhance transparency and attract diverse buyers. The plots cater to various needs, including warehouses, offices, medical facilities, and restaurants, aligning with Varanasi's broader urban development goals. Interested participants must register and pay the required fee via the VDA's official website to bid. With accessible support and a streamlined process, the e-auction aims to modernize property sales and foster investment in Varanasi's growing commercial landscape.Read more