News

UP government announces ambitious Catch the Rain 2025 campaign to install rooftop rainwater harvesting systems in 235,000 government buildings to combat groundwater depletion and enhance water security across the state.

Gujarat Real Estate Regulatory Authority and GIFT City officials announce decisive measures to complete the troubled World Trade Center project, offering hope to affected investors through association formation or developer substitution.

CM Fadnavis accelerates ₹12,057 crore Thane-Borivali twin tunnel project completion by 2028. 15-minute travel time, 1.4 lakh MT carbon reduction annually. Major Mumbai infrastructure upgrade.

Narayana Health secures ₹246 crore land parcels on Bannerghatta Road, Bengaluru. Major healthcare expansion in South Bengaluru's growing medical corridor with strategic infrastructure investments.

PE investments in Indian real estate fall 35% in H1 2025 as foreign capital retreats due to currency depreciation, tax concerns & global economic pressures. Office sector shows resilience.

NMMC achieves record INR 212 crore property tax collection through digital payments, 10% early bird discounts, and community engagement with women SHGs in 2025-26

Mumbai infrastructure revolution underway with Metro Line 3, NMIA airport, coastal road projects set to transform connectivity and boost real estate values across MMR by 2025-2027.

Keystone Realtors under Rustomjee Group secures massive 8-society redevelopment project in Lokhandwala, Andheri West. The ₹3000 crore GDV project spans 4.75 acres with 10.6 lakh sq ft saleable area, benefiting 548 families in Mumbai's prime location.

JP Morgan finalizes India's largest office lease deal securing 116210 sq ft in BKC Mumbai for ₹2500 cr over 25 years. Monthly rent ₹6.91 cr with 15% escalations every 3 years.

Noida Authority launches comprehensive redevelopment policy on June 14, 2025, for aging EWS buildings with FAR increase to 3.5, 70% resident consent requirement, free upgraded flats with 15% extra carpet area, and Mumbai-inspired framework for sustainable urban renewal.

India's office leasing market surged 11% YoY to 178 lakh sq ft in Q2 2025. Bengaluru, Chennai, Delhi-NCR lead growth while Mumbai faces slowdown. Complete market analysis inside.

Schneider Electric announces 500000 sq ft manufacturing hub in Hosur Tamil Nadu by Jan 2026. Creating 1500 jobs with IGBC Platinum green certification supporting Make in India initiative.

BMC awards 30-year Crawford Market lease to AAV Developers for ₹369 crore, 13% below reserve price. Deal includes CSMT pedestrian bridge & 30-year renewal option for historic South Mumbai property.

UP government targets 2.35 lakh buildings for rainwater harvesting under Catch the Rain 2025. 16 districts achieve 100% coverage as state leads water conservation efforts across government infrastructure.

Mahindra Lifespace Developers wins major ₹1,250 crore housing society redevelopment contract in Mumbai's Mulund on 3.08-acre plot. Mixed residential units planned for existing and new buyers.