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

16 Aug 2025

Signature Global is set to launch projects worth between INR 13,000-14,000 crore in Gurugram, ahead of the festive season. The new developments, which include a 4 million sq. ft. land parcel, are located in Sector 37D near the Dwarka Expressway and Sector 71 near the Southern Peripheral Road (SPR). These projects will feature a mix of residential and commercial spaces, targeting both premium and affordable segments. The company is optimistic about strong demand, driven by Gurugram's infrastructure upgrades and a revival in the National Capital Region's property market.Read more

15 Aug 2025

The Haryana Shahari Vikas Pradhikaran (HSVP) has decided to renovate and allot 1,088 vacant affordable flats in Sector 47, Gurugram, which were constructed in 2010 under the Ashiana Scheme for economically weaker sections (EWS). Initially, these flats remained unallotted for over 15 years due to procedural delays and disputes over eligibility, and HSVP had considered demolishing them to use the land for high-end housing. Following public opposition and a complaint escalated to the Prime Minister's Office, HSVP approved an INR 8 crore renovation plan, with allotments to eligible families scheduled after repairs.Read more

15 Aug 2025

The Delhi Development Authority will roll out a premium housing scheme by the end of August, offering about 250 flats across income categories and a mix of car and scooter garages via e-auction. Locations span prominent neighborhoods like Vasant Kunj, Dwarka, Pitampura, Jasola, Rohini, Jahangirpuri, Nand Nagri, Ashok Vihar, and Shalimar Bagh. Meanwhile, the ongoing Apna Ghar Awaas Yojana, which had been offering thousands of discounted flats across Narela, Loknayakpuram, and Siraspur, is being paused. The scheme also follows recent policy moves aimed at bolstering public trust in DDA's housing initiatives.Read more

15 Aug 2025

Lucknow Development Authority (LDA) commenced work on the Naimish Nagar model township project along Sitapur Road, designed to accommodate around 300,000 residents. The first site office is being set up in Purva village, with land acquisitions progressing under a consent-based policy across eighteen targeted villages. The township will feature residential, commercial, and public amenities while supporting industrial, healthcare, educational, and logistics growth. The initiative is also aimed at improving local infrastructure and creating significant employment opportunities for the region.Read more

14 Aug 2025

Indore Development Authority approved an integrated plan to construct high-rise housing under the Pradhan Mantri Awas Yojana Urban 2.0 for families displaced by the MR-10 corridor expansion. Alongside this, the board cleared several large-scale infrastructure works including a Rail Over Bridge, power line relocations, and a new link road equipped with street lighting. These projects are aimed at improving road connectivity, easing utility constraints, and supporting the city's growing residential demand.Read more