Noida Authority is launching 35 plots across industrial, institutional, commercial, and hotel categories, with prices ranging from Rs 65 lakh to Rs 758 crore. This move anticipates increased investor interest driven by the upcoming Noida International Airport, scheduled to open on June 15. The plot scheme opens on May 19. Source link...
Delhi Development Authority has identified 14 land parcels along metro corridors for affordable housing and mixed-use development. These sites, totaling over 3.6 lakh square meters, aim to promote Transit-Oriented Development (TOD) and curb outward migration. A portal will be created for developers to submit proposals under the new policy. Source link...
Godrej family scion Tanya Dubash has purchased two sea-facing luxury apartments in Mumbai's Worli for over Rs 294 crore, making it one of the country's most expensive residential deals. The ultra-luxury tower Naman Xana has attracted other high-profile buyers, highlighting continued demand for premium Mumbai residences as legacy assets. Source link...
Uber India Systems has secured a massive office space in Hyderabad. The company will occupy over 9 lakh square feet for a decade. This deal is valued at nearly Rs 839 crore. It highlights Uber's growing commitment to India. Hyderabad continues to attract global companies for technology and operations. Source link...
Haryana has launched an auto-mode mutation system to combat property fraud, particularly preventing single plots from being sold multiple times. This online system automatically processes mutations upon property registration, eliminating the need for buyers to visit patwar offices and significantly reducing pending cases across the state. Source link...
Bengaluru-based developer Concorde is targeting higher sales in FY27 after closing FY26 with sales of about ₹450 crore and recognised revenue of ₹395-400 crore. The company plans to launch 1.5-2 million sq ft during the year, increase its outright land purchase budget and focus largely on mid-segment housing priced between ₹1.5 crore and ₹2.5 crore. Source link...
Karnataka Deputy Chief Minister D K Shivakumar unveiled the 'Bhoo Guarantee' scheme. This initiative will digitize property records for 23 lakh owners in Bengaluru. A one-time settlement window will allow B-Khata properties to convert to A-Khata with reduced fees. Concessions are also offered for planning violations and BDA properties. Infrastructure projects like tunnel roads are also...
The National Stock Exchange of India has made a bold move by leasing a coveted 2.7-acre site in the bustling Bandra-Kurla Complex of Mumbai for the next 80 years, with a lease premium amounting to Rs 1,684 crore. Source link...
The Central Bureau of Investigation has filed a chargesheet against Logix City Developers Pvt. Ltd. and its directors. Officials from ICICI Bank and HDFC Bank are also named. They are accused of conspiring to cheat homebuyers and financial institutions. The builder allegedly used false assurances and deceptive means. This caused wrongful loss to investors and banks. Source link...
A deep-dive brokerage report reveals a sector caught in a structural bind: residential real estate transactions have hit record highs, yet the digital platforms riding that boom, from listing portals to transaction brokers to home interior firms, are burning cash, losing the advertising war to Google and Meta, and scrambling to reinvent themselves by piling into each other's businesses. Source...