News

Maharashtra Real Estate Regulatory Authority issues decisive ruling against Mumbai developer for improperly allocating parking spaces across building wings, setting new transparency standards.

K Raheja Corp subsidiary KRC Queens has acquired 7.43 acres in Pune's Mahalunge for ₹195 crore, planning a major residential township near Hinjewadi IT hub.

Tesla India has secured a 9-year lease for a 33,475 sq ft integrated facility at Gurugram's Orchid Business Park, marking its strategic expansion in India's luxury EV market with a ₹40.17 lakh monthly commitment.

Mumbai's civic body has announced plans to demolish the seven-year-old Veer Savarkar flyover in Goregaon, built at ₹27 crore, to make way for the ambitious Coastal Road 2 project, sparking controversy over urban planning and public fund utilization.

The Supreme Court has cleared a major regulatory hurdle affecting 493 stalled housing projects in Maharashtra, paving the way for over 70,000 homes to be delivered to waiting buyers in Mumbai and Pune.

A shocking property tax fraud in Ahmedabad's West Zone has left more than a thousand residents grappling with unexpected tax notices worth lakhs of rupees, dating back several years.

India's Real Estate Investment Trust sector has reached a landmark achievement by surpassing the ₹1 lakh crore threshold in combined market capitalisation by the end of July 2025, establishing REITs as a legitimate mainstream investment vehicle.

A Chennai-based real estate developer has announced its formation of a strategic international partnership that signals growing foreign investment confidence in India's commercial property sector.

Bangalore real estate major Puravankara posted a ₹6.7 crore net loss in Q1 FY26 despite achieving 6% pre-sales growth, as revenue declined 20% amid rising operational costs.

Sumadhura Group commits ₹1,000 crore to Capitol Towers in Whitefield, securing 5 lakh sq ft in pre-leases and positioning the project as Bengaluru's premium commercial destination.

Market analysts have revealed that Gurugram has firmly established itself as the undisputed leader in Delhi NCR's luxury residential segment, commanding an overwhelming share of high-end property transactions during the first half of 2025.

Tamil Nadu's real estate regulator has tightened financial requirements for developers seeking project extensions, mandating an additional 20% deposit on top of existing escrow obligations to better protect homebuyer interests.

India's six premier office markets achieved unprecedented 65 million sq ft leasing volumes in FY2025, marking 14% growth driven by GCCs, BFSI sector, and flexible workspace operators across Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune.

UP Chief Minister Yogi Adityanath launches Atal Puram Township, Agra's largest housing project in over three decades, spanning 340 acres with modern amenities for 10,000 families.

The Brihanmumbai Municipal Corporation has announced plans to deploy approximately 200 civil engineers to oversee the complex 22-kilometer Versova-Dahisar Link Road project, marking the commencement of Mumbai's Coastal Road Phase II development.