29 Jun 2025

JP Morgan has signed a 10-year lease for 1.16 lakh sq. ft. of office space in a newly built tower at Mumbai's Bandra Kurla Complex (BKC), developed by Sumitomo's Goisu Realty. The deal, valued at INR 6.91 crore in monthly rent with 15% escalations every three years, includes a INR 62.23 crore security deposit. The new space, spanning two floors, will serve as the bank's front office from October 2026. BKC, a key BFSI hub, continues to attract top firms-Tesla also recently leased showroom space nearby. Sumitomo is expanding rapidly in Mumbai, with major property acquisitions in Worli and Lower Parel.Read more

29 Jun 2025

India's office market recorded a healthy 11% year-on-year growth in gross leasing during the April-June quarter, reaching 178 lakh sq ft across seven major cities, as per Colliers India. Demand strengthened in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune, while Mumbai was the only metro to witness a decline in activity. The data excluded lease renewals, pre-commitments, and LOI-based transactions. Industry experts noted that 2025 is continuing the growth momentum seen over the past two years, with projections suggesting that office space absorption could hit 65-70 million sq ft by year-end.Read more

28 Jun 2025

Authorities at GIFT City and GujRERA are intervening to complete the stalled World Trade Center (WTC) project, specifically Towers B and C, after terminating the agreement with original developer WTC Noida Development Company due to delays and fraud allegations. While Towers A and D were completed, buyers of the other towers filed over 30 complaints citing non-delivery and missed returns. With promoter Ashish Bhalla under arrest, options being considered include handing the project to an association of allottees or appointing a new developer under RERA provisions. The move underscores the push for accountability and timely project delivery in GIFT City's high-stakes ecosystem.Read more

27 Jun 2025

Supreme Infrastructure India Ltd (SIIL) has secured a turnkey INR 450 crore contract to develop a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The project, part of a larger 6-acre urban renewal initiative by Brookfield-backed BSS and Rajeshwar Property Ventures, will span 1.6 million sq. ft. in Phase 1 and include residential units, infrastructure, and MEP works. SIIL will hand over the completed complex to MMRDA within three years. The broader development will eventually add 2.5 million sq. ft. of commercial and retail space. This deal boosts SIIL's order book to INR 1,725 crore, reinforcing its presence in major urban infrastructure projects.Read more

26 Jun 2025

Gurugram's premium real estate sector is booming, even as national housing sales decline. Driven by strong infrastructure, seamless connectivity, and growing buyer interest, luxury projects along Golf Course Extension and SPR are seeing record-breaking demand. Trump Residences sold out in hours, while DLF's Privana North was fully booked during its soft launch. Despite a nationwide sales dip, Delhi-NCR posted 16% growth, led by Gurugram's vibrant launch pipeline. With branded homes and gated communities becoming the norm, the SPR corridor is fast emerging as the city's most sought-after real estate zone. Gurugram is no longer a satellite city-it's setting new benchmarks.Read more

26 Jun 2025

The Maharashtra government has allocated 30 acres in Bandra East's government colony for the new Bombay High Court complex, addressing severe space constraints at the existing 1878 Fort premises. Architect Hafeez Contractor will design the facility, featuring 75 courtrooms, judge residences, lawyers' chambers, archives, and amenities like daycare and parking. The move follows Supreme Court directives and a 2019 ruling, with phased handovers already underway. The broader 90-acre site will also host up to twelve 16-storey towers for civil servant housing and revenue-generating residential sales. The current Fort building, originally meant for 15 judges, now struggles to house 35 in overcrowded conditions.Read more

26 Jun 2025

Indian cricketer Shivam Dube has purchased two luxury apartments worth INR 27.5 crore in DLH Enclave, Oshiwara, Mumbai-spanning over 9,600 sq ft, including a 3,800 sq ft balcony. The deal was registered earlier this month with a INR 1.68 crore stamp duty. DLH Enclave is an ultra-premium complex, home to celebrities like Kapil Sharma and the late Irrfan Khan. The Oshiwara-Lokhandwala belt is a long-standing hub for entertainment industry professionals, known for upscale projects like Windsor Grand and Raheja Classic. With major redevelopment underway, led by builders like Puravankara and Rustomjee, the area is rapidly transforming into a modern luxury residential hotspot.Read more

25 Jun 2025

Embassy Developments has signed a Joint Development Agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to launch a premium residential project spanning 1.6 million sq ft with around 1,000 units. Valued at INR 1,600 crore, this marks a major residential initiative post its merger and rebranding from Indiabulls Real Estate earlier this year. Whitefield remains a hotbed for housing demand, driven by proximity to IT hubs like TCS, IBM, and SAP, and home to projects like Prestige Raintree Park and Sobha Neopolis. With average rental yields at 4% and projected price appreciation of 25-30% by 2030, the area offers strong investment potential.Read more

25 Jun 2025

MHADA has slashed prices for 6,248 affordable homes in its Shirgaon and Khoni housing projects in Thane. The Shirgaon units now cost INR 19.28 lakh (down INR 1.43 lakh), while Khoni units are priced at INR 19.11 lakh (down INR 1.01 lakh). Available under a First-Come, First-Served model, the revised prices aim to boost homeownership. Separately, MBRRB is concluding its biometric survey of residents in Mumbai's transit camps. The survey, crucial for official registration, began in February. Non-participating residents risk being labeled unauthorized, risking eviction under MHADA Act Section 95(A)(3). The board urges full cooperation to avoid disqualification from future housing benefits.Read more

25 Jun 2025

Actor R. Madhavan and his wife Sarita have leased their 4,182 sq. ft. luxury apartment in Signia Pearl, BKC, Mumbai, to BP Exploration for INR 6.5 lakh per month. The two-year lease, registered on June 11, totals INR 1.60 crore. Signia Pearl, developed by Sunteck Realty, is home to celebrities and top business figures. Located in the Bandra Kurla Complex-Mumbai's premium commercial hub and BFSI hotspot-the area sees high rental demand from senior executives.Read more