08 Sep 2025

The Karnataka Housing Board (KHB) has secured cabinet approval for a 43-acre integrated township project in Chikkajala, Yelahanka, under a public-private partnership model. Estimated at INR 2,930 crore, the project will feature multi-storied residences, office spaces, a commercial complex, and a star hotel, with projected net revenue of INR 1,252 crore for KHB. The land, acquired over two decades ago, faced legal disputes, but 43 acres were cleared after owners consented to a 50:50 land-sharing arrangement. The finance department projects total revenue of INR 4,182 crore. Construction will commence once approvals are received from the Bengaluru International Airport Area Planning Authority.Read more

08 Sep 2025

The Maharashtra Housing and Area Development Authority (MHADA) has opened an online lottery for 478 flats in Nashik, offering affordable housing for the Economically Weaker Section (EWS). The flats, ranging from 215 to 537 sq ft, are priced between INR 5.48 lakh and INR 27 lakh. Spread across six Shivar locations, the lottery allows applicants to register online until early October. This initiative follows earlier MHADA lotteries in Nashik, aiming to increase access to affordable housing in the region.Read more

08 Sep 2025

Vedanta has been identified as the highest bidder for debt-ridden Jaiprakash Associates, with an offer valued at INR 17,000 crore. On a net present value (NPV) basis, the bid stands at INR 12,505 crore, ahead of competing offers from Adani, Dalmia, Jindal Power, and PNC Infratech. The proposal includes an upfront payment of INR 4,000 crore after NCLT approval, while the remaining amount will be spread over the next five to six years. JAL's unpaid debt stands at over INR 55,000 crore, and the resolution process remains subject to creditor approval and tribunal clearance.Read more

08 Sep 2025

Max Estates Ltd has finalised the acquisition of a 7.25-acre land parcel in Gurugram through its takeover of Base Buildwell Private Limited (BBPL). The land, located at Sector 59, Golf Course Extension Road, is expected to generate more than INR 3,000 crore in sales. With an estimated development potential of 1.3 million square feet, the project strengthens the company's residential strategy in Delhi-NCR.Read more

08 Sep 2025

Shriram Properties Limited has entered into a joint development agreement with a landowner to undertake a housing project on 6.5 acres in North Bengaluru. The premium residential scheme is planned with a saleable area of nearly 0.6 million square feet, carrying a gross development value of around INR 500 crore. The company has a track record of delivering 48 projects across Bengaluru, Chennai and Kolkata, and is presently working on developments spanning 19 million square feet.Read more

07 Sep 2025

Hema Malini has finalized a deal for two 847 sq ft apartments located on the 31st floor of Oberoi Springs in Andheri West, for a collective INR 12.5 crore. Stamp duty and registration fees totaled INR 31.25 lakh and INR 30,000 per unit, respectively. The purchasers, Fatema Saidi and Mansi Vipul Kazi, paid INR 6.25 crore per flat. The neighbourhood's lasting appeal stems from its connectivity and upscale environment.Read more

07 Sep 2025

Kartik Aaryan has entered the land market with his first purchase a 2,000-square-foot plot in Alibaug priced at INR 2 crore. The plot is located within the Chateau de Alibaug project by HoABL, which has already attracted high-profile buyers including Amitabh Bachchan and Kriti Sanon. The project offers premium amenities such as clubhouses, rooftop gardens, and duplex layouts with private pools. Aaryan shared that he plans to build his own home there, while the developer noted his entry highlights the growing demand for luxury land ownership in Alibaug, supported by better infrastructure links to Mumbai.Read more

05 Sep 2025

Puravankara Limited, one of India's most reputed real estate developers, announced that it would host a series of property shows in the United States earlier this month. These events, spread across key cities including New Jersey, Seattle, Santa Clara, Houston and Frisco, were curated for global Indians to explore premium living options and investment opportunities in India. The series highlighted Puravankara's diverse portfolio while offering personalised consultations, exclusive pricing and flexible payment plans tailored to the needs of non-resident Indian buyers.Read more

04 Sep 2025

Mumbai's property market recorded 11,230 registrations in August 2025, down 3% year-on-year and 11% from July, reflecting a modest seasonal slowdown. Residential sales dominated with 80% of registrations, and smaller homes under 1,000 sq ft accounted for 85% of transactions. Properties priced below INR 1 crore gained traction, rising to 48% of sales from 44% last year, while mid-segment units (INR 2-5 crore) dipped slightly and luxury homes held steady at 6%. Stamp duty collections stood at INR 1,000 crore, 6% lower than August 2024. Still, January-August saw nearly 100,000 registrations and INR 8,854 crore revenue, up 11% year-on-year, showing sustained buyer confidence.Read more

04 Sep 2025

The Lucknow Development Authority (LDA) has announced a large township project called Varun Vihar, spread over 5,600 acres along the Agra Expressway. The plan includes a 300-acre logistics park with direct connectivity to the expressway and Kisanpath, more than 15,000 residential, commercial, and group-housing plots, and supporting facilities such as an inter-state bus terminal, an international-standard golf course, and a central park. Nearly 800 acres have been earmarked for green belts and water bodies. The project aims to create a balanced township with housing, infrastructure, and employment opportunities.Read more