06 Nov 2025

Mid-premium developer Shriram Properties has entered into a joint development agreement (JDA) for approximately five acres along Bannerghatta Road in south Bengaluru, with estimated gross development value (GDV) of over INR 350 crore. The company intends to develop an exclusive "villament" community, meaning a hybrid of villas and apartments, and plans to launch the project during the current fiscal year. The move expands its mid-premium housing portfolio and builds on its track record of delivering 48 projects and 28.3 million sq ft of saleable area across Bengaluru and Chennai.Read more

05 Nov 2025

IMFA has signed binding agreements to acquire Tata Steel's ferro-chrome plant in Kalinganagar, Odisha, for INR 610 crore, marking a major expansion in its production capacity. The plant, with 99 MVA of furnace capacity (66 MVA operational and 33 MVA under construction), will raise IMFA's total capacity above 0.5 million tonnes per annum, making it India's largest and the world's sixth-largest ferro-chrome producer. Covering 115 acres, the facility will reach 150,000 tonnes annual output once a fifth furnace is commissioned.Read more

05 Nov 2025

The Lucknow Development Authority (LDA) has extended the registration deadline for the Atal Nagar Housing Scheme to 21 November, giving low- and middle-income buyers more time to apply. The project comprises 19 towers with 2,496 flats, offering 1-BHK units of around 30 sq m and 2-BHK units up to 54.95 sq m, priced from INR 9.82 lakh onwards. Equipped with modern amenities such as lifts in all buildings, reliable water and electricity supply with backup, landscaped green areas, play zones and parking facilities, the scheme aims to provide affordable yet well-equipped housing.Read more

05 Nov 2025

Nagaland has achieved a 96% completion rate under the Pradhan Mantri Awas Yojan-Urban (PMAY-U), with nearly 30,000 houses built, marking one of the strongest performances among north-eastern states. Officials highlighted that since 2016, beneficiaries have received INR 1.5 lakh per household in phased assistance, improving urban housing access while generating employment and infrastructure growth. At the PM Awas Mela-Shehri in Chumoukedima, officials launched the "Angikaar 2025" campaign, laying the groundwork for PMAY-U 2.0, which raises financial aid to INR 2.5 lakh per unit with a 90:10 funding ratio. The renewed five-year phase aims to provide affordable, permanent homes for Nagaland's urban poor and middle-income families.Read more

05 Nov 2025

Titagarh Rail Systems Ltd (TRSL) announced earlier this week that it had been awarded a contract worth INR 2,481 crore by the Mumbai Metropolitan Region Development Authority (MMRDA). The agreement includes the design, manufacture, supply, and commissioning of 132 metro coaches for Mumbai Metro Line 5, along with several key systems such as signalling, telecommunication, and depot machinery. The project spans both phases of Line 5 and will also include five years of comprehensive maintenance.Read more

04 Nov 2025

The Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) launched the sixth phase of its direct allotment scheme, offering about 6,000 industrial plots across nearly 100 industrial areas in the state. The scheme is available to investors who signed memoranda of understanding under the Rising Rajasthan summit. It includes dedicated reservations for SC/ST entrepreneurs, women, ex-servicemen and persons with disabilities. For plots up to 50,000 sq m, direct allotment applies if there's a single applicant, while contested lots go to lottery; larger plots are allotted based on eligibility and land-requirement.Read more

04 Nov 2025

Smartworks Coworking Spaces Ltd has leased 8.15 lakh sq ft of office space in Mumbai from the Hiranandani Group to create what it says will be the world's largest managed workspace campus. The new facility, located at Vikhroli in the Regalia Office Parks project, is expected to be operational by late 2026. The partnership marks a major milestone for Smartworks, which already manages over 12 million sq ft of workspace across 14 cities in India and Singapore. The company continues to expand its focus on large, sustainable, and enterprise-driven office campuses.Read more

04 Nov 2025

The Maharashtra government has signed a Memorandum of Understanding (MoU) with Haryana-based GSC PSP Maha Pvt Ltd for the Panchmauli-Devalipada Pumped Storage Hydroelectric Project in Dhule and Nandurbar districts. Valued at INR 8,000 crore, the initiative is set to generate 1,500 MW of power and create 2,500 jobs. The project is also anticipated to contribute around INR 1,100 crore in annual revenue, bolstering the state's renewable energy infrastructure and economic growth.Read more

04 Nov 2025

Mahindra Lifespace Developers Ltd has signed a memorandum of understanding (MoU) with Tata Projects Ltd to collaborate on construction across its upcoming developments, starting with the Mahindra Vista Project in Kandivali, Mumbai. Under this partnership, Tata Projects will act as a strategic construction partner, providing execution expertise and enhancing scalability in project delivery. Mahindra Lifespaces stated that the alliance underscores its focus on sustainable construction and innovation in urban development. The collaboration is expected to streamline operations, boost efficiency, and maintain high-quality standards, setting a benchmark for sustainable and timely project execution across Mahindra Lifespaces' future real estate ventures.Read more

04 Nov 2025

UP RERA has approved 15 new real estate projects across eight districts of Uttar Pradesh, involving an estimated investment of INR 2,434 crore. The clearances, issued during the authority's 187th meeting chaired by Sanjay Bhoosreddy, cover 3,043 residential flats, 98 plots, and 50 commercial shops. Projects were sanctioned in Lucknow, Shahjahanpur, Mathura, Moradabad, Ghaziabad, Hapur, Noida, and Jhansi, with most being residential. Bhoosreddy said the approvals will boost transparency, employment, and investment, reflecting the state's expanding real estate potential. The developments are expected to create thousands of jobs and stimulate demand in allied industries, reinforcing Uttar Pradesh's balanced and inclusive property market growth.Read more