10 Aug 2025

In a bid to address rising demand for affordable housing, the Uttar Pradesh government has initiated steps to launch multiple greenfield township projects across key cities ahead of the festive season. Development authorities have been instructed to expedite land acquisition, with townships in several cities expected to commence by early autumn. A state funding mechanism introduced in 2023, which covers half the cost of land acquisition with a twenty-year repayment plan, is supporting the initiative. Cities like Moradabad, Saharanpur, and Rampur are among those receiving substantial allocations.Read more

09 Aug 2025

Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more

09 Aug 2025

The Haryana government has launched a wide-reaching housing initiative aimed at providing legal home ownership and plots to economically weaker sections in both urban and rural areas. More than 1,100 families in Jagadhri received interim ownership papers for 30 sq yd plots, while nearly 3,900 rural households across 58 villages were allotted land under Gramin Awas Yojana 2.0. The effort is backed by subsidies under PMAY, employment under MGNREGA, and support for basic needs. Alongside this, the state is expanding welfare schemes in healthcare, education, and employment.Read more

08 Aug 2025

A large-scale township project has been launched on Agra's outskirts, marking the city's most ambitious housing initiative in over three decades. Spread across 340 acres, the Atal Puram Township is expected to accommodate nearly 10,000 families. The plan includes residential, group housing and commercial plots, alongside world-class amenities like underground utilities, water treatment systems and public infrastructure. Executed with transparent land acquisition and phased development, the project is poised to redefine Agra's urban expansion with a modern, integrated approach.Read more

07 Aug 2025

Omaxe Ltd. has committed to Haryana's 'Matri Van' initiative by adopting a 10-acre stretch of land in the Aravalli Hills, Gurugram. This move forms part of a larger 750-acre afforestation drive by the state government aimed at improving Delhi-NCR's air quality and biodiversity. Omaxe will undertake plantation and sustained maintenance of native and medicinal species such as Peepal, Bael, and Imli, aligning the effort with its ESG goals and green development philosophy. The forest is expected to offer a lasting natural space for citizens, while enhancing the region's environmental resilience.Read more

07 Aug 2025

The Competition Commission of India (CCI) has approved Dalmia Bharat's acquisition of Jaiprakash Associates Ltd (JAL), marking a key step in the company's insolvency resolution. The deal, executed through Dalmia Cement (Bharat) Ltd, aligns with requirements under the Insolvency and Bankruptcy Code before creditor voting. JAL, currently in CIRP, holds diverse assets including real estate, hotels, and defunct cement plants, with creditor claims totalling INR 185 crore. Rivals like Adani Enterprises and Vedanta Group have also received CCI nods to submit resolution plans.Read more

07 Aug 2025

Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru, located on the Old Madras Road (OMR)/Hoskote Highway. The company plans to develop a new luxury housing project with a gross development value (GDV) of INR 400 crore on the site. This project, which will be a joint development with Vanshee Builders and Developers, is part of Assetz's strategy to expand its portfolio in the city's key growth corridors.Read more

07 Aug 2025

Uttar Pradesh's co-developer policy is now in action in Noida, aiming to revive stuck housing projects. Nimbus Projects has taken over the long-delayed Sunworld Arista in Sector 168, investing over INR 1,000 crore and settling INR 170 crore in dues. Work has resumed on core infrastructure, benefitting 400 homebuyers. Under the policy, a co-developer pays 25% of dues and signs a tripartite agreement with the Noida Authority and original promoter, unlocking project approvals and RERA extensions. Nimbus also plans a luxury Phase - Arista Luxe. With five projects approved and developers like Apex showing interest, the model is gaining momentum as a revival tool.Read more

06 Aug 2025

Actor Aamir Khan has leased four luxury apartments in Mumbai's upscale Wilnomona building on Nargis Dutt Road, Pali Hill, at a reported monthly rent of INR 24.5 lakh. The five-year lease includes a 45-month lock-in and 5% annual rent escalation. He paid a security deposit of INR 1.46 crore, along with stamp duty and registration charges. The move comes as his existing residences in the Virgo Cooperative Housing Society undergo redevelopment by Atmosphere Realty (Wadhwa Group, MICL, Chandak Group). The upcoming tower is set to feature ultra-luxury, sea-facing units priced above INR 1 lakh/sq ft, with some expected to cross INR 100 crore.Read more

06 Aug 2025

Shweta Tripathi, the acclaimed actress best known for her role in the hit series "Mirzapur," has made a significant real estate investment in Mumbai. She purchased a new 3 BHK apartment in the city's prime residential locality of Chembur for INR 3 crore. The property, located in the Supreme Boulevard building, spans 938 square feet. The transaction, registered in early July, included two dedicated car parking spaces and saw Tripathi benefit from a special stamp duty relaxation for women homebuyers.Read more