Phoenix Mills announced the acquisition of Canada Pension Plan Investment Board's 49% stake in Island Star Mall Developers for ₹5,449 crore, making it a wholly owned subsidiary.

India's real estate landscape is undergoing a dramatic shift as tier-2 and tier-3 cities now account for nearly half of all land acquisitions by developers. This emerging trend, backed by a 20% surge in housing sales and 43% growth in the primary market, signals a fundamental reorientation.

Nexus Select Trust, backed by Blackstone, has acquired Vega City Mall in Bengaluru for ₹913 crore, marking its fourth retail acquisition in the city. This strategic move strengthens its position as the largest retail REIT in Bengaluru.

K Raheja Corp has acquired a 5.75-acre plot in Kandivali East, Mumbai, for ₹466 crore, marking its fourth major property deal in recent months, with plans to develop a premium residential project.

K Raheja Corp has added the iconic Bayside Mall to its portfolio. Located in South Mumbai's plush Tardeo locality, the mall spans over one-third of an acre and boasts a built-up area of 17,345 sq ft.

A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

Nexus Select Trust, a major REIT, is in talks to buy Chennai's Marina Mall, which has about 600,000 square feet of retail space. Direct sources said Nexus Select Trust's growth plan included this substantial move.

K Raheja Corp is redeveloping Mumbai's first mall, Sobo Central Mall, into a premium residential tower. It encompasses 1.3 acres in South Mumbai's premium Haji Ali neighbourhood and was launched in the late 1990s as Crossroads. A 50-story sea view skyscraper with almost 250,000 sq ft of development.

Nexus Select Trust, the Blackstone Group's retail arm, is poised to expand in India. The agreement to buy 1 million square feet of malls in Hyderabad from L&T Metro is valued at ₹1,100 crore. This massive purchase comprises the E-Galleria Mall in Moosarambagh, the L&T Metro Mall in Punjagutta.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, wants to buy a smaller affordable housing lender, but a value mismatch may be an obstacle.

Before purchasing a home please ensure that all legal paperwork is thoroughly reviewed, since even the smallest error might jeopardize your house acquisition.