20 Aug 2025

The Chandigarh Housing Board (CHB) is preparing to launch a major housing project in Sector 54, planning around 1,700 flats across 32 acres. The project will include 15% units for the economically weaker section (EWS). Currently, CHB owns 14 acres, with the remaining land to be transferred by the estate office and the UT engineering department. A demand survey will be conducted to gauge public interest, finalize the layout, and decide pricing. The project will be executed in phases and is expected to be planned over the next few months.Read more

19 Aug 2025

Embassy Developments Ltd has projected revenue of INR 560 crore through development management fees for two new housing projects located in Mumbai and Bengaluru. The company disclosed in its investor presentation that these projects, structured under the DM fee model, carry a total estimated revenue potential of INR 5,600 crore. Despite reporting a consolidated net loss of INR 165.84 crore in the latest quarter, the firm recorded an increase in total income compared with the same period last year.Read more

19 Aug 2025

Janakpuri's District Centre, once a thriving hub for shopping and dining in West Delhi, has witnessed a revival with the steady entry of modern commercial developments. Spring House Workspaces, a homegrown flexible office operator, has reinforced its presence in the area by opening its third centre in Janakpuri. Spread across 20,000 sq. ft. with a capacity of over 400 seats, the facility is designed to meet the needs of startups, MSMEs, global enterprises, and remote professionals.Read more

19 Aug 2025

Hyderabad's premium housing segment, comprising homes priced at INR 1.5 crore and above, saw a 17% increase in sales during the first half of 2025, according to a report by global real estate firm JLL. This growth is notable as it occurred despite a 6% dip in overall residential sales across all price categories in the city. The surge is primarily driven by the city's strong IT presence, a preference for larger homes with high-end amenities, and rising affluence among tech professionals.Read more

18 Aug 2025

Apple has secured one of Bengaluru's largest single-tenant office leases in a deal valued at over INR 1,000 crore. The technology giant has signed a 10-year lease for approximately 2.7 lakh sq ft of office space in the Embassy Zenith project. This strategic investment in a new corporate hub in Bengaluru runs parallel to its aggressive expansion in manufacturing and retail, positioning India as a key pillar in Apple's global ecosystem.Read more

18 Aug 2025

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

18 Aug 2025

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

18 Aug 2025

Mahindra & Mahindra has expressed interest in acquiring a 350-acre land parcel in Igatpuri, Maharashtra, to support its manufacturing ecosystem. Company executives explained that the land could serve multiple purposes, including setting up a supplier park or developing feeder facilities for the existing Nashik and Igatpuri plants. Alongside this, the automaker is expanding capacity at its Chakan plant and has outlined investment plans exceeding INR 27,000 crore in its automotive business between FY25 and FY27.Read more

17 Aug 2025

Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, have purchased three premium office units in Chandivali, Mumbai for INR 31 crore. The transaction, which was registered on July 9, 2025, involved a total carpet area of 13,546 square feet in the Boomerang building. This acquisition is part of the Roshan family's strategic expansion of their commercial real estate portfolio, reinforcing Chandivali's growing reputation as a key business hub in the city.Read more

16 Aug 2025

Uttar Pradesh's Rural Development Minister disclosed in the Assembly that over 1.3 million homes have been approved for the economically weaker sections under central and state housing schemes. She explained that these sanctions fall under the Pradhan Mantri Awas Yojana (PMAY) and the Mukhyamantri Awas Yojana (MAY), with the allocation process set to begin soon. A detailed survey has already covered more than 5.7 million residents, identifying beneficiaries eligible for assistance. The announcement underlines the government's ongoing efforts to address the state's housing needs.Read more