Telangana RERA fines Sikha Balaraju and his firms ₹3.69 lakh for posing as unregistered agents in the Poojitha Tech Park project, misleading buyers and violating the Real Estate Act

TGRERA has fined four real estate agents, including Vijayawada-based Sikha Balaraju, ₹3.69 lakh for fraud and misrepresentation in Hyderabad’s Poojitha Tech Park project. The agents were found violating the RERA Act by operating without registration.

Eternal Ltd, Zomato’s parent, has leased nearly 1 lakh sq ft across seven floors in Mumbai’s prime JB Nagar office tower, marking a strategic multi-brand expansion.

The Trump World Center in Pune marks the Trump Organization's first commercial venture in India, featuring twin 27-story glass towers spanning 1.6 million square feet. This ₹1,700 crore landmark development in Koregaon Park Annexe sets new standards for luxury office spaces in India.

BNP Paribas has leased a prime office space in Mumbai's Bandra Kurla Complex (BKC) at a notable monthly rental of ₹811 per square foot, marking one of the country's most significant commercial property deals.

Mumbai Metro Rail Corporation (MMRCL) is advancing plans to monetize 12,491 square meters of premium land across four key Mumbai locations along Metro Line 3. The corporation is exploring joint ventures, PPPs, and direct sales to optimize land use and fund the city's expanding metro network.

HDFC Bank has secured 2.72 lakh sq. ft. in Andheri East for an annual rent of ₹77 crore, reinforcing Mumbai’s commercial real estate growth. The 10-year lease in R Square by Runwal Realty includes a 15% rent hike every 3 years and ₹116 crore security deposit.

WeWork India has leased 126,000 square feet in Andheri East, replacing its Powai space, as part of its strategic coworking expansion in Mumbai.

The iconic American Center, a ground-plus-seven-storey structure in South Mumbai, has been acquired by HoABL Infraworld Pvt Ltd, led by Abhinandan Lodha, for ₹56 crore. Spanning 1,337 square meters with a development potential of 60,000 square feet, this deal is a milestone in Mumbai real estate.

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

Embassy Office Parks REIT, India's first listed REIT and Asia's biggest office REIT by area, increased its fiscal 2025 leasing objective to 6.5 million square feet from 5.6 million. This adjustment shows that corporate occupiers, notably GCCs, continue to seek premium office locations.

Hindustan Unilever (HUL), a major consumer products company, leased a 600,000-square-foot warehouse in Bhiwandi, near Mumbai. The Mumbai Metropolitan Region (MMR)'s biggest warehouse transaction in recent years is this 7-year arrangement.

The House of Hiranandani has signed agreements to redevelop five housing societies in Mumbai's Chembur suburb, a significant step towards urban renewal. These redevelopment projects, which encompass approximately 15 acres, offer a development potential of over 1.7 million square feet.

Over 350 million square feet of developed commercial office space will propel India's SM REITs market to $60 billion by 2026. This regulation increases openness, investor protection, and engagement. Union Budget tax revisions and SEBI framework boost real estate securitisation.

Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.