09 Jul 2025

The Telangana government is preparing to sell its long-vacant Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram, aiming to raise over INR 1,000 crore. These flats, built 15 years ago for affordable housing, range from 520 sq ft to over 1,600 sq ft, with prices between INR 2,500 and INR 4,000 per sq ft. Despite previous phases seeing unsold units, recent successful plot sales offer optimism. The sales will be conducted via e-auction, with key draw dates in July and August.Read more

09 Jul 2025

The Lucknow Development Authority (LDA) has mandated structural safety audits for 276 high-rises in the city, responding to recent building collapses. The directive covers both LDA-owned and private properties, aged 5 to 40 years. New regulations require audits every five years for buildings over 15 meters tall. Early audits by IIT Kanpur have already revealed safety concerns in several structures, including the Nanda Kheda Complex and Amritlal Naagar Auditorium. The move aims to prevent future tragedies and ensure public safety in Lucknow's urban landscape.Read more

09 Jul 2025

Over 2,000 Ashiana flats in Panchkula, built for Below Poverty Line (BPL) families by HSVP, are set for renovation after years of deterioration. The project, approved by HSVP and the Municipal Corporation (MC), involves structural repairs and external civic improvements. HSVP has sanctioned two projects totaling over INR 3.6 crore for repairs and painting across various sectors. The MC will manage external works through four separate tenders. This initiative aims to improve living conditions and respond to residents' requests for updated infrastructure.Read more

09 Jul 2025

The Delhi State Consumer Disputes Redressal Commission has found DLF Gayatri Developers liable for an eight-year delay in a housing project located in Andhra Pradesh. The Commission ordered a refund of INR 15 lakh to the complainant, along with INR 1.5 lakh for distress and legal expenses. The ruling came after possession, promised by 2014, was offered only in 2019. The developer's claims of delay due to political movements and rejection in approval processes. This decision underscores consumer protection efforts in real estate against prolonged project delays.Read more

09 Jul 2025

Greenbay Infrastructure faces a final ultimatum from the Yamuna Expressway Industrial Development Authority (YEIDA) to pay INR 118 crore by the end of July. Failure to meet this demand will lead to the cancellation of land allotment for its 100-acre township in Sector 22D, Noida. The developer has paid INR 40 crore but faces challenges, including unacquired land still under cultivation. YEIDA rejected a sublease request for a commercial plot to clear dues. This follows relief under a 2023 rehabilitation policy, where Greenbay paid an initial INR 110 crore against INR 441 crore recalculated dues but missed later installments.Read more

08 Jul 2025

Yashwant Singh, a member of a royal family from Rajasthan, has purchased an 867-square-meter bungalow in South Delhi's Golf Links for INR 100 crore. This acquisition highlights a trend of high-value property deals in Golf Links, a favored location for corporate leaders and high-net-worth individuals due to limited availability. The area has seen over half a dozen transactions exceeding INR 100 crore in the past year, reflecting its status as a prime real estate market.Read more

08 Jul 2025

India's office space leasing is projected to exceed 90 million sq ft in 2025, surpassing last year's record. In H1 2025, gross leasing reached 41.7 million sq ft across eight cities. Pune, Chennai, and Delhi-NCR saw growth, while Mumbai, Bengaluru, Hyderabad, Ahmedabad, and Kolkata experienced declines. Global Capability Centers (GCCs) remain a key driver, contributing 27% of total leasing. Despite varied city performance, the market shows structural strength and is expected to maintain momentum due to economic growth and strategic business expansion.Read more

08 Jul 2025

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved a residential project featuring six 50-storey towers in Madhurawada, Visakhapatnam. This marks the first time in recent years such a project has been undertaken by an urban development authority in Andhra Pradesh. VMRDA will also develop middle-income group (MIG) housing projects in other parts of the city, offering subsidized 2BHK, 2.5BHK, and 3BHK flats. Both initiatives, under a public-private partnership model, aim to address housing needs and generate revenue, shifting VMRDA's focus to ready-to-move-in homes.Read more

08 Jul 2025

Puravankara Limited has won the bid to redevelop eight residential societies in Chembur, Mumbai. This project covers about 4 acres with over 1.2 million sq ft of development potential and an estimated Gross Development Value (GDV) of INR 2,100 crore. The move expands Puravankara's presence in Mumbai's redevelopment sector, which now includes 3.6 million sq ft of projects across 11 sites in Mumbai and Pune. The company aims for a GDV of INR 18,000 crore from the western region, with INR 7,700 crore from redevelopment alone.Read more

08 Jul 2025

Bengaluru-based Sattva Group will invest INR 800 crore in Goa over the next two years, expanding its footprint following the success of its first project, Sattva Water's Edge. The move taps into growing demand for first and second homes, driven by Goa's improved connectivity and infrastructure. According to PropEquity, Goa's housing sales rose 5% to 3,585 units in 2024, with sales value jumping 32% to INR 5,726 crore. Sattva has completed 74 million sq ft across India and is planning entry into Mumbai. The Group is active in coworking, coliving, warehousing, and hospitality, and has filed a INR 6,200 crore REIT IPO with Blackstone-backed Knowledge Realty Trust.Read more