News

The Rural Development Ministry allocated 3.8 million houses under PMAY-G for FY25, part of a 5-year plan to build 20 million homes and transform rural housing in India.

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.

Microsoft India has acquired 121,000 square yards in Nandigama, Hyderabad, from Natco Pharma for ₹181.25 crore, as recorded in a Propstack sales deed, signaling its growing regional focus.

Mumbai tackles parking woes with robotic towers, including a 14-story facility at Mumbadevi, and 500 new on-street options to manage over 4.3M vehicles.

The real estate market can be tricky, especially for new buyers or investors. This Ghar glossary simplifies key terms on property types, measurements, finances, legalities, and features—making property decisions smarter and stress-free.

Indian corporates are leveraging the real estate boom by monetising non-core assets, unlocking capital, reducing debt, and boosting financial health. This strategy sharpens focus on core operations while driving economic growth through infrastructure and job creation.

The luxury housing market in Mumbai and six other major Indian cities witnessed significant growth between April and September 2024, with total sales reaching ₹2,78,309 crore. This marked an 18% increase compared to the same period last year, with average prices for luxury homes surpassing ₹1.23 Cr.

Incuspaze is gearing up for a public listing with a $25M pre-IPO round and plans to invest ₹100 crore to expand across Delhi-NCR, Pune, Bengaluru, and Hyderabad, capitalizing on India’s booming demand for flex spaces.

Equinix, a Nasdaq-listed digital infrastructure leader, has acquired the Chandivali land housing its 6MW MB2 data center for ₹155 crore, strengthening its India expansion strategy with plans for further investments in metro city data centers.

In compliance with a Bombay High Court directive, 41 illegal buildings in Nalasopara East’s Agrawal Nagari, built on 30 acres of reserved land, are being demolished. The first phase of the operation rendered over 50 families homeless as municipal authorities cleared 7 buildings despite protests.

K Raheja Corp Investment Managers, the manager of Mindspace Business Parks REIT, has resolved a regulatory case with SEBI by paying ₹68.73 lakh as a settlement fee. The matter pertained to alleged REIT rule violations, and the company settled without admitting or denying SEBI’s findings.

Nippon Life India Asset Management has acquired two premium floors in Mumbai's One Lodha Place, Lower Parel, for ₹486 crore, marking a landmark deal in the city’s prime real estate market.

Equity investments in Indian real estate are set to cross $10 billion (₹1,000 crore) for the first time. Inflows reached $8.9 billion from January to September 2024, up 46% year-on-year, driven by strong domestic investor participation and a jump in deal volumes to 200 from 151 in 2023.

Colt DCS and RMZ Corporation have partnered on a $1.7 billion venture to bolster India’s digital infrastructure, meeting the surging demand in the country’s growing digital economy.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.