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...
Yogayatan Group has emerged as the highest bidder for the debt-laden Lavasa Corporation, increasing its bid to Rs 795 crore. This surpasses Valor Estates' previous offer, although Valor has expressed interest in upping its bid. Lenders are navigating complexities including land titles and environmental concerns in this second attempt to resolve Lavasa's insolvency after a prior plan failed. Source...