13 Mar 2025

Delhi-NCR has emerged as the leading housing market in 2024, surpassing Mumbai and Hyderabad, driven by a remarkable 66% surge in sales value in Gurugram alone, as per PropEquity. The region's total sales value has grown by 63% to INR 1.53 lakh crore, crossing the INR 1 lakh crore threshold for the first time. In contrast, Mumbai recorded INR 1.38 lakh crore with a modest increase, while Hyderabad experienced a decline. The report highlighted robust infrastructure development, increased corporate presence, and employment opportunities as key drivers of demand in Delhi-NCR, especially in high-value housing.Read more

12 Mar 2025

The Slum Rehabilitation Authority (SRA) in Mumbai has invited applications for the empanelment of developers to undertake redevelopment projects under its jurisdiction. Application forms will be available from 7th March to 21st March 2025 at the SRA office in Bandra (East). Developers must submit detailed documentation, including project experience, financial turnover, and manpower availability. Empanelled developers will be responsible for tasks such as site demarcation, transit arrangements, construction, and obtaining necessary approvals. The selection process ensures that only competent developers are enlisted, with annual revisions to maintain high standards.Read more

12 Mar 2025

The Konkan Housing and Area Development Board (MHADA) has launched the sale of school and multispecialty hospital plots in Shirdhon and Khoni, Kalyan, through an online tender process closing on March 18, 2025. These plots are part of large-scale townships with over 18,000 EWS and LIG units under Pradhan Mantri Awas Yojana (PMAY). Located near the Virar-Alibaug Multimodal Corridor and Katai-Badlapur Pipeline, these projects aim to integrate residential, educational, and healthcare facilities. This model follows Nanded City (Pune) and Gaur Yamuna City (UP), promoting self-sustained urban development with essential infrastructure.Read more

11 Mar 2025

Embassy Developments Limited, formed after the merger of Equinox India Developments Ltd and Nam Estates Pvt Ltd, has restructured its leadership and set a target gross development value (GDV) of INR 15,000 crore over the next 4-6 years. The company plans to launch 7.7 million square feet of residential assets in FY 2026 across MMR, Bengaluru, and Chennai, with an aim to bolster its market position. It has also announced acquisitions worth INR 559 crore, including a luxury residential development and a land parcel in North Bengaluru. To further its growth initiatives, it has passed an enabling resolution for a INR 2,000 crore Qualified Institutional Placement (QIP) and introduced an Employee Stock Option Plan (ESOP) worth INR 4.5 crore.Read more

11 Mar 2025

The Indian residential real estate market has seen a surge in demand for newly launched properties, with 42% of the 4.60 lakh homes sold in 2024 coming from new projects, up from 26% in 2019, according to ANAROCK. Cities like Bengaluru and Chennai led the trend, with 53% of sales from new launches, while NCR (44%), Mumbai (36%), and Pune (42%) also saw significant growth in this segment. Despite a 4% decline in sales volume, the market's value jumped 16% to ?5.68 lakh crore, driven by a preference for modern, high-value properties. Government initiatives such as RERA and Housing for All have further boosted buyer confidence, making new launches the preferred choice for homebuyers.Read more

11 Mar 2025

The Vasai-Virar HOMETHON Property Expo 2025, organized by NAREDCO Maharashtra, saw a positive response. Held from March 7-9 at YMCA Ground, the event showcased 100+ projects from 40+ developers, offering 25,000+ residential, 5,000+ commercial, and 2,500+ industrial units. The expo featured expert discussions on market trends, redevelopment, and investment strategies. Property prices in Vasai-Virar are expected to appreciate by 25-30% in five years due to rising demand and infrastructure growth. The event solidified Vasai-Virar's position as a key real estate destination in the Mumbai Metropolitan Region (MMR).Read more

11 Mar 2025

Casagrand, a prominent real estate developer in South India, revealed its strategic expansion plans aimed at consolidating its presence in the Hyderabad market. The company announced the addition of 2.74 million square feet of residential developments across key locations such as Mankhal, Attapur, Gowdavalli, and Kompally. Following the successful launch of Casagrand Hanford in Mamidipally in 2023, Casagrand has introduced two additional projects-Evon in Kompally and Windsor Court in Mankhal-both catering to buyers seeking quality and exclusivity.Read more

10 Mar 2025

Ahmedabad is experiencing a skyscraper boom, with its tallest commercial building (150m, 45+ floors) planned near Nirma University, Gota. This surpasses the current tallest (147m, 43 floors) near Rajpath Club. The Ahmedabad Municipal Corporation (AMC) and Ahmedabad Urban Development Authority (AUDA) have approved 23+ high-rises over 100m, fueled by revised FSI regulations under Gujarat's CGDCR. This trend mirrors Mumbai and Bengaluru, where skyscrapers dominate urban growth. Ahmedabad's evolving skyline and policies are attracting major real estate investments, positioning it as a key player in India's high-rise real estate sector.Read more

10 Mar 2025

Tesla has secured showroom spaces in Mumbai and Delhi, marking a major step in its India expansion. The Mumbai showroom is in Maker Maxity, BKC, spanning 3,000 sq. ft. at a monthly rent of INR 35 lakh, potentially setting a record in the auto sector. In Delhi, Tesla's 4,000 sq. ft. showroom in Aerocity is leased at INR 25 lakh per month from Brookfield. These moves follow Elon Musk's discussions with PM Narendra Modi, highlighting Tesla's growing interest in India's auto market. With hiring underway, Tesla's official market entry seems imminent.Read more

10 Mar 2025

Bagmane Group is reportedly in the process of acquiring the Chennai office property of US-based technology firm Cognizant Technology Services for approximately INR 800 crore. This property, which served as Cognizant's India headquarters for over two decades, spans 13.39 acres and offers 560,000 square feet of office space along Chennai's IT corridor. Sources indicated that the deal, currently awaiting board approval, includes the potential to develop an additional 3 million square feet. This transaction is part of Cognizant's broader restructuring strategy, announced in 2023, aimed at reducing costs by USD 400 million over two years. The company plans to relinquish 11 million square feet of office space worldwide and has already reduced its Chennai office footprint by 1.15 million square feet.Read more