News

Gurugram spearheads India's luxury housing surge with record-breaking deals like ₹190 cr penthouse, outperforming Mumbai while affordable housing supply shrinks 13-14%.

Maharashtra government selects Padma Bhushan architect Hafeez Contractor to design new 30-acre Bombay High Court complex in Bandra East with 75 courtrooms and modern facilities.

B2B civil construction firm's ₹44.39 crore IPO achieves 16-18x oversubscription with ₹22-25 grey market premium, scheduled for July 2 NSE SME listing.

Maharashtra government appoints MMRDA as nodal agency for Dharavi Multi-Modal Transport Hub connecting suburban rail, metro lines, airports, and bullet train in 24x7 integrated urban development.

Embassy Group announces ₹1,600 crore residential project on 17.9 acres in Whitefield with 1,000 units targeting IT professionals, part of ₹22,000 crore Bengaluru expansion plan.

Commercial plot in Gachibowli fetches record ₹33 crore at ₹2.22 lakh per sq yard, nearly double base price, highlighting surging investor confidence in Hyderabad's IT hub.

NMMC demolishes 4-storey RCC building in Ghansoli's Dattanagar despite Section 54 notices, part of broader crackdown on 1,400+ illegal structures across Navi Mumbai.

RBI's 100 basis point rate cuts in H1 2025 made Mumbai housing affordable for first time, dropping EMI burden to 48% from 50%. Historic milestone for India's costliest real estate market opens doors for middle-class homebuyers.

Motilal Oswal Alternates successfully exits IREF II fund with 18.3% IRR, generating ₹1,050 crore from ₹489 crore investment across 14 properties. Key insights on India's real estate private credit success.

BMC identifies 1200+ unsafe buildings in Bhopal ahead of monsoon 2025. Get evacuation updates, safety tips, C1 C2 classifications, ward-wise risk zones and resident guidelines.

Andhra Pradesh announces major building regulation reforms in June 2025. New norms extend licence validity to 3 years, streamline approvals for projects under 50 sqm, and relax balcony restrictions for low-rise construction.

MMRDA launches ₹325 crore rural road project covering 28 km across 10 Alibaug villages. Construction begins early 2026 with completion by mid-2027. Get details on routes, benefits & timeline.

Bombay High Court invalidates Goa's 2023 land conversion rules under TCP Act Section 17(2), halting 353 plot approvals affecting 26.5 lakh sqm. Court calls process arbitrary, environmentally harmful.

Major Indian conglomerates Adani, Vedanta, Dalmia & Suraksha submit bids for debt-laden Jaypee's ₹57000 cr assets. CoC evaluates resolution plans for JAL's real estate & cement portfolio revival.RetryClaude can make mistakes. Please double-check responses.

Incuspaze acquires Trios in cash-plus-equity deal, adding 12 centers across Pune and Gurugram. Strategic expansion grows portfolio to 50+ centers spanning 4M sq ft, ahead of USD 25M pre-IPO funding and planned public listing.