Delhi News Desk

01 Feb 2026

The Delhi government has unveiled a major infrastructure initiative aimed at improving living conditions in informal settlements across the capital, with a total allocation of around INR 327 crore for jhuggi-jhopri (JJ) cluster development projects. The announcement was made by Chief Minister Rekha Gupta at a Republic Day event, where she hosted representatives of slum communities and reaffirmed the administration's commitment to enhancing basic amenities. Works already approved include public convenience complexes and cement-concrete road infrastructure, with a further INR 700 crore earmarked for broader JJ cluster development covering housing, sanitation, health and social welfare. Officials said the comprehensive plan will fast-track essential upgrades such as drains, toilets, parks and community facilities to elevate the quality of life in these areas. Government ministers and civic leaders attended the event.Read more

01 Feb 2026

Goregaon West is consolidating its position as one of Mumbai's stronger luxury residential micro-markets, supported by limited new supply, established social infrastructure and consistent end-user demand. Market trends indicate that buyers are increasingly favouring well-located projects with visible construction progress, leading to steady price appreciation across premium developments. This shift towards execution-driven decision-making has resulted in faster absorption and sharper price movements for select projects. Ariha Group's luxury development at Jawahar Nagar reflects this trend, with prices rising sharply within months of launch amid robust demand. The project's ahead-of-schedule construction progress has further reinforced buyer confidence, underlining how delivery assurance, constrained inventory and location advantages are shaping value creation in Goregaon West's evolving luxury housing landscape.Read more

Pune News Desk

01 Feb 2026

Stamp duty collections from Pune's property market crossed approximately INR 7,119 crore in calendar year 2025, the highest annual total in the past four years, even as property registrations edged down marginally, according to real estate consultancy Knight Frank India. The city recorded around 1,85,657 registrations during the year, reflecting a 2.3 per cent year-on-year decrease, but sustained demand for higher-value homes supported revenue growth. In December 2025, registrations were lower than the same month a year earlier, influenced partly by a high comparative base, yet values indicated continued underlying demand. Smaller homes up to INR 1 crore continued to account for the bulk of registrations, while larger units saw modest share growth, underscoring enduring interest in both mid-segment and premium housing in Pune's residential market.Read more

01 Feb 2026

Pune's residential property market continued to display strong end-user demand in 2025, with housing sales significantly outpacing new supply, according to the Pune Housing Report 2025 by CRE Matrix in association with CREDAI Pune. The city recorded around 81,000 registered apartment sales during the year, compared with 64,000 new housing launches, indicating demand running well ahead of supply. Transaction values crossed INR 63,000 crore, reflecting a marked shift towards larger homes and higher ticket sizes. While homes priced below INR 1 crore continued to dominate overall volumes, premium and luxury segments saw the fastest growth. Supply additions were impacted by approval delays across multiple planning authorities, resulting in fewer new project launches. Despite these constraints, Pune remained India's most affordable major housing market while leading the country in residential sales volumes.Read more

Navi Mumbai News Desk

31 Jan 2026

Global technology firm HERE Solutions India Pvt Ltd has signed a long-term lease for about 2.1 lakh square feet of office space in the Mindspace Airoli West business park in Navi Mumbai, reaffirming strong demand for institutional-grade office assets in the Mumbai Metropolitan Region. The lease, spanning more than ten years, covers four floors of office space in the Gigaplex commercial tower, with a monthly rental and annual escalation structure agreed under the terms of the agreement. The transaction includes a significant security deposit and dedicated parking provision, highlighting tenant commitment to the location's business ecosystem. The deal adds to ongoing corporate expansion in Navi Mumbai's office market, where large-format leases continue to form a key component of Grade A office demand, particularly from technology and services firms seeking sustainable, long-term operational bases.Read more

31 Jan 2026

Sankla Buildcoon, through its clean energy arm Sankla Renewables, has signed a memorandum of understanding with the Government of Maharashtra to develop a large-scale Sustainable Aviation Fuel (SAF) manufacturing facility at Chalisgaon in Jalgaon district, involving an investment of INR 15,000 crore. Formalised on the sidelines of the World Economic Forum in Davos, the agreement marks the group's strategic expansion from real estate into infrastructure-grade clean energy assets. The proposed project will convert agricultural residues into aviation-grade fuel using internationally certified technologies and will be commissioned in phases through 2029. Designed in line with global ESG benchmarks, the initiative aligns with India's energy security and aviation decarbonisation goals while creating structured rural income opportunities and employment across the value chain.Read more

31 Jan 2026

Proptech platform Houssed.com has expanded its footprint to 33 cities across India, strengthening its position in the country's rapidly digitising residential real estate market. The platform now hosts more than 50,000 verified property listings and has facilitated transactions worth over INR 100 crore, signalling growing adoption among both homebuyers and developers. The company works with over 10,000 developers and operates through a network of 500 trained associates to support buyers across markets. Houssed.com plans to extend operations to 10 additional cities in the next phase of growth, alongside investments in artificial intelligence-led tools aimed at improving data accuracy, transparency and property discovery. The expansion reflects increasing demand for verified, technology-driven platforms in India's real estate ecosystem, particularly beyond the top metropolitan markets.Read more

30 Jan 2026

ITC Ltd reported a marginal increase in consolidated profit for the third quarter of FY26, despite higher exceptional expenses linked to the implementation of new labour codes. The diversified conglomerate posted a net profit of INR 5,018.45 crore for the October-December period, slightly higher than the previous year. The company recorded exceptional losses of INR 354.58 crore, primarily due to higher liabilities for gratuity and compensated absences following changes in wage definitions notified by the government from November 2025. Excluding exceptional items, profit before tax showed steady growth, supported by improved operating performance across key businesses. Revenue growth was led by the FMCG segment, including cigarettes, along with stable performance in agri, paperboards and other segments. The board also announced an interim dividend for FY26.Read more

30 Jan 2026

Housing and Urban Development Corporation (HUDCO) has reported a marginal decline in consolidated net profit for the December quarter of FY26, weighed down by a sharp rise in expenses despite higher income. The state-owned lender posted a profit of INR 713 crore, slightly lower than the year-ago period, even as its total income recorded a strong year-on-year increase. Expenditure during the quarter rose substantially, impacting overall profitability. Alongside its financial performance, HUDCO's board approved a third interim dividend for FY26 and cleared an expansion of the company's annual borrowing programme to support future lending activities. The move reflects sustained demand for funding in housing and urban infrastructure segments, which remain the core focus areas for the public sector financier.Read more

30 Jan 2026

Adani Power posted a consolidated net profit of INR 2,488 crore for the December quarter of FY26, marking a year-on-year decline of over 15 per cent due to lower one-time income. Revenue fell to INR 12,717 crore amid lower tariffs and other income. Power sale volumes rose marginally despite monsoon-related demand disruptions. The company secured a 3,200 MW long-term power purchase agreement from Assam's discom and said nearly half of its 23.7 GW expansion pipeline is now tied up under long-term contracts.Read more