17 Oct 2025

The Karnataka government is set to distribute 42,346 newly constructed houses in Hubballi under the Slum Development Board's housing initiative. Chief Minister Shri Siddaramaiah will lead the event, which will be held on a 17-18 acre site designed to accommodate around 1.5 lakh people. Each house costs around INR 7.5 lakh, with the state covering beneficiary contributions to ensure affordability. The government's total expenditure for 2.3 lakh houses is estimated at INR 9,500 crore, reflecting its ongoing commitment to providing affordable housing for underprivileged communities.Read more

17 Oct 2025

Bollywood star Amitabh Bachchan has strengthened his presence in Alibaug, a coastal town near Mumbai, by acquiring three adjacent plots totaling 9,557 sq ft. The plots, part of the 'A Alibaug Phase-2' project by The House of Abhinandan Lodha, were bought for a combined INR 6.6 crore, following an earlier purchase of a 10,000 sq ft plot in the same area for INR 10 crore. These acquisitions highlight his consistent interest in luxury real estate in the region, a popular destination for high-profile individuals seeking premium second homes and villas.Read more

16 Oct 2025

Actor Neil Nitin Mukesh and his father finalised the purchase of a high-end residence in Mumbai's World One tower for INR 11.35 crore. The transaction, registered recently, includes a spacious unit measuring 189.89 sq m (2,044 sq ft) along with two parking spots. The stamp duty and registration charges were duly paid, reflecting the premium nature of the deal. This acquisition has drawn attention in real estate circles, both for the celebrity involvement and the value of the property.Read more

16 Oct 2025

Godrej Properties has acquired a 26-acre land parcel near Sarjapur Road in South Bengaluru for a premium residential project with estimated revenue of around INR 1,100 crore. While the seller and deal value remain undisclosed, the acquisition highlights the company's focus on high-demand micro-markets. Gaurav Pandey, MD & CEO, emphasized Bengaluru's growth potential and the trust customers place in the brand. With a strong presence across Mumbai, Delhi-NCR, Pune, Bengaluru, and Hyderabad, Godrej continues to expand strategically in cities and corridors where residential demand is robust and infrastructure is evolving.Read more

16 Oct 2025

MHADA aims to build over 700,000 homes in the MMR over the next five years, with nearly 550,000 units in Mumbai. These will come from affordable housing lotteries, redevelopment of cessed buildings, PMGP Colony reconstruction, cluster redevelopments, and joint slum redevelopment projects with SRA. Key areas include GTB Colony, Abhyudaya Nagar, BDD Chawl, Bhendi Bazaar, Kamathipura, and Motilal Nagar. Outside the city, more than 200,000 homes will be delivered through various schemes, while the Konkan region will see over 5,300 homes. In the past three years, 43,000 homes have been sold via 18 lottery draws.Read more

16 Oct 2025

Uttar Pradesh Chief Minister Shri Yogi Adityanath recently handed over keys to 160 families in Gorakhpur under the Economically Weaker Section (EWS) and Lower Income Group (LIG) housing scheme developed by the Gorakhpur Development Authority (GDA). The flats, allotted through a transparent lottery process from over 9,000 applications, include 80 EWS and 80 LIG units, priced well below market rates. Alongside, the CM inaugurated and laid the foundation for 50 development projects worth INR 118 crore, highlighting the state's focus on infrastructure and community welfare.Read more

15 Oct 2025

Kerala's Industrial Corridor Development Corporation (KICDC) confirmed that the Palakkad Industrial Smart City-part of the Kochi-Bengaluru Industrial Corridor-will be realised in a single phase. Works are slated to begin either by the end of the month or in the early part of the next. With land acquisition largely completed and central and state funding well underway, KICDC aims to deliver infrastructure within 42 months before allotting parcels to industrial players.Read more

15 Oct 2025

Prestige Estates Projects Ltd has launched Prestige Garden Trails in Mumbai, aiming for INR 2,000 crore in revenue. Spread across 5.2 acres, the project includes 1,324 units with a total carpet area of 10 lakh sq ft. Following its recent Ghaziabad launch worth INR 2,200 crore, the company continues its expansion strategy amid high demand for quality housing. With over 300 projects completed since 1986 and record sales in the first half of the fiscal year, Prestige demonstrates strong growth and sustained focus on India's residential real estate market.Read more

15 Oct 2025

Lodha Developers Ltd, one of India's largest real estate firms, acquired a land parcel in the Mumbai Metropolitan Region during the past quarter to develop a residential project valued at around INR 2,300 crore. With this purchase, the company achieved its annual business development goal, reaching a cumulative potential revenue of INR 25,000 crore for the fiscal year. Despite limited project launches, Lodha recorded a 7% rise in quarterly pre-sales, backed by sustained housing demand. The developer now aims to meet its full-year sales target of INR 21,000 crore, with significant project launches planned for the coming months.Read more

15 Oct 2025

Construction firm Capacit'e Infraprojects announced earlier this week that it had bagged a significant contract from the Indian Institute of Technology Bombay (IIT Bombay) for developing fast-track buildings on a design-and-build basis. The project, valued at around INR 542.37 crore, involves the use of composite steel and reinforced cement concrete materials to expedite construction timelines while maintaining high structural standards.Read more