News

ExxonMobil renews its 5.3 lakh sq ft Bengaluru office lease for ₹2.60 crore monthly, signaling continued commitment to India's tech hub. The five-year deal at Embassy Manyata Business Park reflects strong confidence in India's commercial real estate market.

SEBI announces major AIF regulatory reforms effective September 2025, mandating equal investor treatment and dematerialized units. Learn about the new compliance requirements, implementation timeline, and impact on alternative investment funds in India's evolving financial landscape.

Tier 2 cities like Indore, Jaipur, and Lucknow offer 40% lower EMIs compared to metros, driving homebuyer migration. Discover affordable housing alternatives with better ROI in India's emerging real estate markets.

Ghaziabad Municipal Corporation launches massive drive targeting 1 lakh+ properties with outstanding tax dues. Learn about revised tax rates, grace period, and penalty implications for property owners in Ghaziabad's growing real estate market.

DTCP Gurugram launches major crackdown on unauthorised RWA constructions in group housing societies. First demolition at Suncity Avenue signals strict enforcement of building bylaws and Haryana Apartment Ownership Act compliance across residential developments.

Delhi's new real estate reforms introduce automatic redevelopment for 50+ year buildings, slash land amalgamation charges to 1%, and offer green building incentives. Single-window approvals to boost property investment.

Puravankara acquires redevelopment rights for 8 housing societies in Mumbai's Chembur spanning 4 acres with ₹2,100 crore GDV. The project adds 1.2 million sq ft to developer's western region portfolio, marking second venture in Chembur micro-market after successful greenfield project response.

RackBank acquires 19 acres in Indore and Raipur for AI data centres, cutting costs by 50% versus tier-1 cities. State government support boosts tier-2 expansion strategy.

DDA announces auction of 118 residential plots in prestigious Vasant Kunj Sector D-6. ₹7.46 crore infrastructure development includes roads, sewerage, water supply & parking facilities. Complete guide to Delhi's premium plotted development opportunity with timeline and project details.

Lodha Developers expands with ₹22,700 crore land acquisitions across Mumbai, Pune & Bengaluru markets. Sales bookings grow 10% to ₹4,450 crore in Q1 2025.

Mumbai Coastal Road promenade opens July 15, 2025. 7.5 km seaside walkway with cycling tracks, tree-lined paths from Priyadarshini Park to Haji Ali. First phase 4.75 km with 450-car parking. Rs 13,000 crore BMC project.

Lodha Developers reports ₹4,450 crore Q1 FY26 pre-sales with 10% YoY growth despite geopolitical challenges. Company remains confident of ₹21,000 crore annual target with aggressive expansion across MMR, Pune & Bengaluru markets.

Valor Estate wins Lavasa Corporation bidding with ₹771 crore offer. Third resolution attempt for the debt-ridden hill city project near Pune. Environmental clearance remains key challenge for final approval.

Prestige Estates Projects achieves record ₹12,126 crore Q1 FY26 sales, driven by Delhi-NCR's Prestige City project. 300% YoY growth reported.

MMRDA forms specialized committee to tackle overcrowding on Mumbai Metro-1 Versova-Ghatkopar line. Learn about short-term fixes and long-term infrastructure upgrades planned to improve commuter experience and reduce peak hour congestion.