IFC is investing $150 million in H-DREAM Fund, managed by HDFC Capital Advisors, to boost sustainable, affordable housing across urban India. The $1 billion fund aims to construct 25,000 green-certified units, addressing the nation's housing shortage. This initiative seeks to mobilize $850 million from investors, supporting early-stage financing and green building standards. Source link...
Nitin Gadkari highlighted the financial and environmental benefits of green fuels and advanced technologies for the construction equipment industry at the ICEMA Annual Session 2025. He emphasized sustainability, quality, and innovation to meet rising global demand. The industry saw 3% growth in FY25, with increased equipment sales and exports, and the government plans policy support to address industry...
Noida Authority is recovering dues from developers of Sports City projects following High Court orders. Lotus Green Constructions paid ₹80 crore, with others expected to follow. Notices were issued to 62 developers for ₹11,000 crore in dues. The court has ordered CBI and ED investigations into irregularities, while developers have approached the Supreme Court. Source link...
Vinay Thakkar, linked to Angel One's founder, sold a luxurious Andheri West apartment for ₹52.48 crore. The 3,891 sq ft property fetched ₹1.4 lakh per sq ft, marking a high-value transaction. This deal reflects the resilience of Mumbai's luxury market, driven by demand for premium homes and infrastructure upgrades, despite high interest rates. Source link...
Auto component manufacturer Anand Automotive acquired a 1,550 square yard bungalow on Kautilya Marg in New Delhi for ₹195 crore, marking a significant property deal this year. This transaction, along with others by prominent figures like Anurag Jain and Aakash Chaudhry, highlights the surging demand for luxury properties among HNIs, driven by investment diversification and personal use...
Developers are urging the UP government to implement a rehabilitation policy for Sports City projects, similar to the one for stalled group housing, to resolve long-standing dues. They propose paying 25% of recalculated dues within 60 days and the rest over three years. Source link...
Aamir Khan has secured a five-year lease for four luxury apartments in Mumbai's Pali Hill, costing Rs 24.5 lakh monthly with a Rs 1.47 crore deposit. The agreement includes a 5% annual rent increase and a 45-month lock-in period. This move coincides with the redevelopment plans for Khan's current residence, where he owns multiple apartments. Source link...
Knowledge Realty Trust REIT secured significant funding before its IPO. It raised ₹1,620 crore from anchor investors. An additional ₹1,200 crore came via strategic allocation. The IPO opens for public subscription on August 5, 2025. 70% of the IPO is already committed. Proceeds will repay debts and for corporate purposes. Source link...
K Raheja Corp's subsidiary, KRC Queens, has acquired a 7.43-acre land parcel in Pune's Mahalunge for nearly Rs 200 crore. The deal, with a development potential of 1.7 million sq ft, highlights developers' confidence in Pune's real estate market, particularly in emerging corridors with strong residential and commercial demand. Source link...
Bengaluru has updated its building setback norms under the Revised Master Plan 2015, effective August 1st. The amendment clarifies open space requirements based on building height, especially for structures over 12 meters. It specifies setbacks for different plot sizes and building heights, including provisions for stilt parking. Source link...