26 Aug 2025

Anjali Tendulkar, the wife of cricket legend Sachin Tendulkar, has purchased a 391 sq ft apartment in Virar, near Mumbai, for INR 32 lakh. The apartment, located in the Peninsula Heights building, was registered on May 30, 2025. This transaction highlights the continued investment in real estate in the Mumbai Metropolitan Region (MMR), with Virar being an attractive option due to its affordability and connectivity. The purchase, which included a stamp duty of INR 1.92 lakh, also saw Anjali Tendulkar benefit from a 1% concession on stamp duty as a woman homebuyer in Maharashtra.Read more

26 Aug 2025

Microsoft India (R&D) has secured a significant office lease in Hyderabad's financial district, occupying 264,000 square feet at Phoenix Centaurus. The five-year agreement, effective from July 2025, involves a base rent of INR 1.77 crore per month, escalating annually by 4.8%. The total monthly outgo, including additional expenses, amounts to INR 5.4 crore. This expansion underscores Microsoft's commitment to enhancing its research and development capabilities in India, particularly in Hyderabad's thriving tech ecosystem.Read more

25 Aug 2025

Bengaluru-based Brigade Group has secured a nine-acre land parcel in Chennai's IT corridor on a 55-year lease from YMCA. This strategic acquisition in the OMR (Old Mahabalipuram Road) area provides the company with a significant development potential of 1.6 million sq ft. The company plans to build a Grade-A office complex and a 200-key JW Marriott hotel, strengthening its commercial and hospitality footprint in Chennai. This move capitalizes on the city's robust real estate market, which is experiencing growth fueled by infrastructure development and high demand for both commercial and residential properties in the IT sector. The project is a key part of Brigade's expanding presence in the region.Read more

25 Aug 2025

The Delhi Development Authority (DDA) has initiated an e-auction for more than 200 premium properties, including function sites, kiosks, cafés, and mobile tower locations, to provide additional event spaces during the upcoming festive season. Registration for the auction began on August 26, with e-auctions scheduled to commence on September 30. The properties are offered on a license-fee basis for periods ranging from 10 to 12 months, with a mix of newly identified and reclaimed sites available for various commercial ventures across Delhi.Read more

25 Aug 2025

Prime Minister Shri Narendra Modi is scheduled to visit Gujarat on August 25 and 26 to inaugurate 1,449 houses and 130 shops built under the Pradhan Mantri Awas Yojana (PMAY) in Ahmedabad. The project, which cost INR 133.42 crore, is part of the Gujarat government's Slum Rehabilitation and Redevelopment Policy and is a key step towards achieving its "Housing for All" objective. This move is expected to provide modern homes and improved facilities to families living in the Ramapir Tekra slum area.Read more

Mr. Niraj Kankariya, Director at Siddhi Buildcon

25 Aug 2025

Resort-style homes are witnessing growing demand from investors in Mumbai and Pune who see them as more than just leisure assets. The leaseback model, which ensures steady rental yields with minimal involvement, has made these properties attractive, particularly after the pandemic boosted demand for short breaks and nature getaways. Locations such as Mulshi are emerging as preferred destinations, backed by improving connectivity and infrastructure. With added benefits like tax deductions, long-term family utility, and professional management, resort-style homes are becoming a sought-after investment option for both domestic and NRI buyers.Read more

25 Aug 2025

The Reserve Bank of India (RBI) has put three bungalows in Lonavala up for public bidding as part of its plan to monetize non-core real estate. Once used as holiday homes for RBI staff, the properties sit on a 3,800 sq m freehold plot near Lonavala Lake and will be sold on an "as is, where is" basis. With a base price of INR 6.55 crore, bidders must submit a INR 10 lakh deposit. Cushman & Wakefield India is managing the sale, with inspections open until September 8 and bids due September 9. Lonavala's booming market continues to attract investors and second-home buyers.Read more

25 Aug 2025

The Hyderabad Metropolitan Development Authority (HMDA) is set to auction 93 prime plots across Hyderabad from September 17 to 19. The plots are located in areas including Bachupally, Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, and Medipally. The upset prices range from INR 35,000 to INR 1.75 lakh per square yard. The proceeds from the auction will fund key infrastructure projects, including two elevated corridors and a greenfield radial road in Future City.Read more

24 Aug 2025

US-based semiconductor firm Microchip Technology has acquired 1.72 lakh sq ft of office space in Whitefield,Bengaluru for INR 176 crore. The purchase, which includes two commercial blocks from Ascendum Solutions India Pvt. Ltd., marks one of the largest office space buyouts in the city this quarter. The deal, valued at approximately INR 10,230 per sq ft, underscores a growing trend of global tech companies consolidating and owning assets in India to support their long-term growth and expand their R&D footprint.Read more

24 Aug 2025

Israel Aerospace India Services Pvt Ltd, a subsidiary of Israel Aerospace Industries (IAI), has leased a 45,277 sq ft office space in Gurugram's Intellion IT Park for a monthly rent of INR 32.14 lakh. The five-year lease, which includes a 15% rent escalation every three years, is part of IAI's strategy to expand its presence in India. This move aligns with the "Atmanirbhar Bharat" initiative, as the company plans to establish a large-scale hub for the maintenance, repair, and overhaul (MRO) of defense equipment in the Gurugram area.Read more