18 Mar 2025

The Mumbai Metropolitan Region (MMR) saw a significant increase in land acquisitions, with developers purchasing 407 acres across 19 deals-the highest in three years. Nationwide, land purchases grew by 41%, with major deals in MMR involving prime locations like Khalapur, Palghar, and Khopoli. Developers such as Birla Estates, K Raheja Corp, and Mahindra & Mahindra led key transactions. Land prices surged from INR 11 crore to INR 17 crore per acre. Most land was acquired for residential projects, with growing interest in Tier II and III cities like Nagpur and Indore, signaling strong future real estate activity.Read more

17 Mar 2025

Hyderabad's peripheral real estate market is set for significant growth, with property prices expected to rise by 10-20% over the next 3-5 years. A report by Colliers India attributes this to key infrastructure projects like Metro Phase 2 expansion, the Regional Ring Road, and government policies supporting industrial and commercial development. Peripheral areas are projected to contribute significantly to Grade A office supply and leasing activity, while housing prices in western locations have already surged over 50% in the past five years. As businesses seek cost-effective alternatives to core IT hubs, Hyderabad's outskirts are emerging as prime investment destinations.Read more

17 Mar 2025

The Adani Group has reportedly emerged as the highest bidder for the INR 36,000 crore redevelopment project of Motilal Nagar, situated in Goregaon West, Mumbai. This marks the conglomerate's third significant acquisition in Mumbai's real estate sector, following its involvement in the Dharavi slum redevelopment project and the purchase of a 17-acre plot in Bandra Reclamation. As per reports, Adani Properties Pvt Ltd (APPL) surpassed its closest competitor, L&T, by offering a higher built-up area. The redevelopment project, spanning 143 acres, has been designated a 'special project' by the Maharashtra government, with MHADA retaining control over the project and the land but working through a Construction and Development Agency (C&DA).Read more

17 Mar 2025

Bihar Chief Minister Shri Nitish Kumar transferred INR 1,200 crore to 3 lakh families under Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in a direct benefit transfer event. The state has a total target of constructing 7.9 lakh houses under PMAY-G for FY 2024-25. Each beneficiary receives INR 1.20 lakh in three installments, with INR 40,000 disbursed as the first installment. Additionally, recipients receive INR 22,050 under MGNREGA for 90 days of labor and INR 12,000 for toilet construction under Lohia Swachh Bihar Abhiyan, bringing total assistance to INR 1,54,050 per household. The scheme aims to boost rural infrastructure and housing development in Bihar.Read more

14 Mar 2025

The National Company Law Tribunal (NCLT) has approved a resolution plan for Universal Buildwell Private Limited's delayed projects, which is a significant relief for more than 1,000 homebuyers. This decision allows the homeowners' association to oversee construction and ensure its timely completion. The builder, which had launched several projects in Gurugram and Faridabad, faced insolvency in 2018 due to the non-delivery of units. The case took a significant turn when the former promoters, who had been absconding, were arrested in 2024. The approval of the resolution plan marks a crucial step forward, setting a precedent for homebuyers' associations to take control of stalled developments.Read more

14 Mar 2025

Lodha has acquired a prime land parcel in Jogeshwari West, Mumbai, for a premium residential project, strengthening its presence in the western suburbs. Following the announcement, Lodha's stock surged 5.12%, closing at INR 1,131.75. The company added eight new projects in MMR, Bengaluru, and Pune in FY 2024-25, with a gross development value of INR 19,500 crore. India's real estate sector is experiencing record land acquisitions, driven by housing demand, infrastructure growth, and investor confidence. With increasing global and domestic financial backing, land transactions remain a key driver of growth in metro and tier-2 cities.Read more

14 Mar 2025

TCS has announced the acquisition of Bengaluru-based commercial real estate firm Darshita Southern India Happy Homes for INR 2,250 crore. The IT giant plans to use the acquired property as a delivery centre, with the deal structured as a call option to secure full ownership after two years. This move aligns with TCS's strategy of expanding its seating capacity, complementing its earlier acquisitions of TRIL Bengaluru Real Estate Five and Six for INR 1,650 crore. The company balances owned and leased office spaces to manage costs and flexibility. The target firm, originally planned as a residential project, was converted into a commercial office space in FY19 under the name Salarpuria Sattva Knowledge Point.Read more

14 Mar 2025

The Brihanmumbai Municipal Corporation (BMC) has reopened the bidding process for two key plots-Chhatrapati Shivaji Maharaj Market in Fort and the Worli Asphalt Plant plot-in an effort to generate revenue. The civic body has set a target to raise INR 1,183 crore through a 30-year lease of these parcels. The base prices have been reduced by nearly 70% compared to the earlier bids that failed to attract interest. The revised prices are now based on the approved zonal Floor Space Index (FSI) from the Development Plan, rather than the maximum usable FSI. This step is part of the BMC's strategy to address financial pressures stemming from ongoing infrastructure projects and to expand its revenue sources.Read more

13 Mar 2025

Ahmedabad is witnessing rapid growth in skyscraper construction, with a new 150-metre commercial tower planned near Nirma University, set to become the city's tallest building. This development is part of a larger trend of vertical expansion, driven by regulatory changes that have increased the Floor Space Index (FSI) in key areas. The Ahmedabad Municipal Corporation (AMC) has approved 23 buildings over 100 metres, while the Ahmedabad Urban Development Authority (AUDA) has cleared six, with more under review. Other cities like Surat, Gandhinagar, and Vadodara are also seeing high-rise projects. With ongoing policy support and rising demand, Ahmedabad is emerging as a skyscraper hub in Gujarat.Read more

13 Mar 2025

India's senior population is projected to grow from 157 million in 2024 to 346 million by 2050 (20.6% of the population), driving demand for modern senior living communities. A CREDAI-KPMG report highlights the rise of organised senior housing, with South India leading (62% of projects), particularly in Coimbatore, Bengaluru, and Chennai. Unlike traditional care homes, new-age senior living spaces focus on independent living, wellness programs, and medical support. The global senior living market, valued at USD 190 billion in 2020, is set to reach USD 375 billion by 2030, with India emerging as a key player. Increased investments, urban connectivity, and government policies are further boosting the sector.Read more