WeWork India has secured a significant managed office agreement with TMUS India for a 250,348 sq ft workspace in Hyderabad, encompassing 1,507 workstations. This 60-month contract, valued at approximately ₹475.49 crore, will see WeWork design, develop, and manage the space, with completion anticipated by May 2026. Source link...
Gulshan Group plans a ₹3,300 crore investment in five NCR projects for FY26-27, including a Taj-branded hotel and serviced apartments in Noida. This strategic move targets both luxury and mid-income housing, responding to Noida's maturing premium market and demand for quality hospitality. Source link...
Karnataka's Deputy Chief Minister DK Shivakumar has requested the central government to review and relax building height restrictions around Bengaluru's aviation facilities. Citing impacts on urban development and real estate, the state seeks parity with cities like Hyderabad and Mumbai, where higher building limits are permitted. The Union Minister has indicated he will discuss the matter...
The National Company Law Tribunal has green-lighted Adani Enterprises' acquisition of Jaiprakash Associates with a deal worth Rs 14,535 crore. With this bid, Adani Enterprises emerged as the leading contender for the struggling infrastructure firm, which holds a valuable portfolio that spans real estate, cement, and hospitality sectors. Source link...
RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth. Source...
The Enforcement Directorate (ED) on Monday carried out search operations at the residential and office premises of real estate firm Mantri Developers Private Limited and its directors in Bengaluru in connection with a money laundering investigation, officials said. Source link...
The Supreme Court has stepped in to give Noida Authority one last chance to comply with its established orders regarding the halted Noida Sports City initiatives. Following a construction freeze that took effect in January 2021, the court's recent rulings had already signaled a pathway for reconstruction. Source link...
Chandigarh Police arrested realtor Vikram Wadhwa in connection with an alleged Rs 116.84 crore scam involving Chandigarh Smart City funds. Wadhwa reportedly colluded with a former IDFC First Bank manager to divert funds through shell companies and invest in real estate. Three other accused were also brought from jail for interrogation. Source link...
The government has decided to abandon its plan for the development of eight new cities, explaining that inadequate planning frameworks rendered the Rs 8,000 crore grant from the 15th Finance Commission unusable. With a keen eye on effective fund management, the ministry has opted to reallocate the budget towards bolstering seven established city economic zones, aiming for more sustainable...
Enforcement Directorate filed a prosecution complaint in a TDR scam involving Valmark Realty Holdings director and 19 others, including BBMP employees. The probe, based on an ACB FIR, alleges illegal profit of Rs 27.7 crore through fraudulent TDR procurement. Brokers, landowners, and officials conspired to obtain TDR by misrepresenting property status and valuations. Source link...