Chennai News Desk

34 minutes ago

A recent property transaction in Chennai’s Boat Club locality has valued residential land at around INR 27 crore per ground, including the existing structure on the site. The deal provides a fresh pricing benchmark for one of the city’s most expensive housing markets, where land supply remains limited and transactions are relatively rare. Market participants said the valuation reflects continued demand for prime residential assets in established luxury neighbourhoods, despite broader variations in housing market activity.Read more

3 hours ago

Housing sales across India's top nine cities increased 19% year-on-year during the April-June quarter, reflecting continued demand despite global economic and geopolitical uncertainties. According to PropEquity, residential sales reached 1,12,458 units, while new housing supply grew 43% to 1,17,609 units. Southern markets, particularly Bengaluru, Chennai and Hyderabad, led the growth momentum, while Mumbai and Navi Mumbai also recorded strong demand. However, Delhi-NCR and Kolkata witnessed a decline in sales. Industry experts said strong domestic demand, infrastructure development and favourable economic conditions continue to support the residential real estate market.Read more

Mumbai News Desk

4 hours ago

• The Brihanmumbai Municipal Corporation (BMC) is set to take over Aarey Hospital on a long-term lease arrangement aimed at expanding healthcare infrastructure in Mumbai’s western suburbs.
• The proposed move will allow the civic body to operate and upgrade the facility as part of its public healthcare network, improving access to medical services in the region.
• Authorities are planning infrastructure improvements and service enhancements to increase the hospital’s capacity and utility for residents.
• The initiative is expected to support the city's growing healthcare requirements while reducing pressure on nearby municipal hospitals.Read more

8 hours ago

• Jaipur Development Authority is increasingly using direct plot auctions to strengthen its revenue base.
• The authority is leveraging its land bank through online auctions of residential and commercial plots.
• Higher revenues are expected to support infrastructure projects and planned urban expansion.
• The move reflects a broader push by development agencies to monetise land assets more efficiently amid growing demand in Jaipur's property market.Read more

9 hours ago

Adani Group invested more than INR 1.5 lakh crore across infrastructure and industrial businesses in FY26, with Chairman Gautam Adani stating that the spending accounted for over 30 per cent of India’s private-sector capital expenditure during the year. Announced at the group’s annual general meeting in the past week, the investment programme focused on energy, utilities, transport and logistics assets. Adani said the investments were made despite scrutiny of the conglomerate, alongside record capital expenditure and operating earnings.Read more

28 Jun 2026

As India’s housing loan market expands and homebuyers take on larger long-term financial commitments, industry attention is increasingly shifting from headline interest rates to loan transparency. Borrowers are being encouraged to evaluate the full structure and terms of housing finance products, including benchmark linkages, reset mechanisms and repayment conditions, rather than focusing solely on advertised rates. The discussion has gained relevance amid evolving lending practices and regulatory efforts to improve disclosure standards through measures such as the Reserve Bank of India’s expanded Key Fact Statement framework. With outstanding housing loans in India growing from around INR 10 lakh crore in 2015 to more than INR 37 lakh crore in 2025, transparency is emerging as a critical factor in helping borrowers assess affordability, understand risks and make informed long-term financial decisions.Read more

28 Jun 2026

Housing sales across India's nine major residential markets increased 19% year-on-year to 112,458 units during the second quarter of 2026, supported by a 43% rise in new housing supply to 117,609 units, according to a report by PropEquity. Sales also grew 14% quarter-on-quarter, while fresh launches rose 27% over the previous quarter. Bengaluru retained its position as the country's largest residential market for both sales and new supply, while Hyderabad and Navi Mumbai recorded strong growth across both indicators. In contrast, Delhi-NCR and Kolkata registered declines in both residential sales and project launches. The report indicates that sustained buyer demand, improved developer confidence and rising residential supply continued to support the housing market despite geopolitical tensions in the Middle East.Read more

28 Jun 2026

Institutional investments in Indian real estate increased 23% year-on-year to USD 4.3 billion during the first half of 2026, supported by record domestic capital participation despite a slowdown in overseas inflows, according to a JLL report released on June 25. The market recorded 54 transactions, the highest ever for a six-month period, with domestic investors contributing a record 64% of total investments, or USD 2.8 billion. Office assets remained the preferred investment destination, attracting USD 2.3 billion, while Bengaluru, Chennai and Delhi-NCR accounted for nearly half of total investment activity. The report suggests that improving domestic liquidity, increasing participation by local institutional investors and resilient occupier demand continued to underpin investment activity, even as global geopolitical and macroeconomic uncertainties weighed on foreign capital deployment.Read more

28 Jun 2026

Spring House Workspaces has expanded its managed workspace portfolio with the launch of a 55,000 sq ft flexible office centre at Orchid Centre on Golf Course Road, Gurugram. The new facility, located in the LEED Platinum-certified commercial development, offers more than 1,300 seats and is designed to serve startups, growing companies and enterprise occupiers. The launch strengthens the operator's presence in one of the National Capital Region's most active office markets, where demand for flexible and managed workspaces continues to grow. The centre forms part of Spring House's broader expansion strategy focused on premium, design-led workspace solutions across key urban markets in India.Read more

27 Jun 2026

Golden Growth Fund (GGF) has announced the final close of its maiden Alternative Investment Fund (AIF) with assets under management of INR 101 crore. The Category II real estate-focused fund, launched in September 2024, invests exclusively in South Delhi residential markets and reported a net asset value (NAV) growth of 61% as of March 2026. The fund has deployed capital across three projects in Anand Niketan, Neeti Bagh and Gulmohar Park, with listed developer Grovy India Ltd serving as the development partner. According to the fund, South Delhi’s luxury residential market continued to witness strong price appreciation during the first quarter of 2026, supporting investor interest in specialised real estate investment vehicles focused on premium micro-markets.Read more