09 Oct 2025

Sunteck Realty Limited has earned a remarkable 99 score in the 2025 Global Real Estate Sustainability Benchmark (GRESB), achieving the prestigious Green 5-Star Rating. The company showed consistent improvement over the previous year, particularly in Environmental, Social, and Governance (ESG) performance. Sunteck's integrated approach combines energy-efficient green building practices with social initiatives to build safe and inclusive communities. This recognition establishes the company as a global leader in sustainable real estate, highlighting its commitment to long-term value creation, responsible business practices, and innovative strategies in sustainable urban development.Read more

09 Oct 2025

BMW Techworks, a 50:50 joint venture between BMW and Tata Technologies, has signed a five-year lease for 58,900 sq ft of premium office space in Bengaluru's Whitefield, paying a monthly rent of INR 1.04 crore (around USD 125,000) or INR 175.50 per sq ft. The lease, signed with Simpliwork Offices, involves a security deposit of INR 5.21 crore (USD 625,000) and a 5% annual escalation. Occupancy will happen in two phases, starting with 30,000 sq ft, highlighting the rising demand for Grade A offices in Whitefield.Read more

08 Oct 2025

The Delhi Development Authority is preparing to hand over 1,400 flats at Kathputli Colony by March 2026, marking a major step in Delhi's first in-situ slum rehabilitation project. The redevelopment, initially delayed due to legal challenges and resident opposition, now progresses with fire safety and utility approvals underway. Beneficiaries have been identified, and allotments will be done through a draw of lots. The project, covering 5.2 hectares under a PPP model, relocated thousands of artisans and their families from transit camps, offering them structured housing after decades of informal settlements.Read more

08 Oct 2025

Prestige Group has set a new benchmark in Hyderabad's real estate market by acquiring an 11-acre plot in Knowledge City for INR 1,556.5 crore through a Telangana government auction. Located in Raidurg, near HITEC City and Gachibowli, the land is ideally positioned for premium office development. The auction, which raised INR 3,135 crore in total, saw strong participation from major investors, reflecting Hyderabad's rise as a global business hub. Prestige plans to expand its office portfolio to 30 million sq. ft. by 2028, aiming for INR 3,200 crore in annual rental income. This acquisition strengthens its position in India's fast-growing commercial real estate landscape.Read more

08 Oct 2025

The Madhya Pradesh Industrial Development Corporation (MPIDC) is set to invite bids for around 70,000 sq ft of office space in the nearly completed IT Park 4 in Indore. Situated in the Electronic Complex, this development is expected to draw technology, electronics system design and manufacturing (ESDM), and data center companies. MPIDC plans to provide 30-year leases for the offices, while phased allocations for IT Park 3 are scheduled for 2026. These initiatives aim to strengthen Indore's position as a growing hub for innovation and technological investment.Read more

08 Oct 2025

The Goa Industrial Development Corporation (GIDC) has opened applications for 28 industrial plots on lease across five estates: Panchawadi, Pissurlem, Honda, Sanguem, and Kundaim. Plot sizes range from 907 sqm to 2,689 sqm, catering to small and medium-scale manufacturing units. Panchawadi leads with 10 plots, followed by Sanguem with seven. Lease rates are set at INR 1,070 per sqm for most estates, while prime plots in Kundaim are priced at INR 2,120 per sqm. The initiative is aimed at attracting new investments and supporting industrial expansion, with applications closing soon.Read more

07 Oct 2025

Brigade Enterprises Ltd has entered into a Joint Development Agreement to build a 6.6-acre residential project in West Chennai, with an estimated Gross Development Value (GDV) of INR 1,000 crore. The Bengaluru-based company aims to strengthen its presence in Chennai, its second-largest market, through this venture. The city's real estate sector has shown consistent growth, supported by infrastructure development and demand from homebuyers and investors. The project reflects Brigade's strategy to expand its portfolio while tapping into high-growth housing markets.Read more

07 Oct 2025

Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.Read more

07 Oct 2025

Chandigarh has emerged as India's first slum-free city after the administration demolished Shahpur Colony in Sector 38, the last slum in the Union Territory. The colony housed nearly 1,000 residents in about 300 hutments and tenements. Over the past 12 years, the city has cleared 18 slum colonies, reclaiming nearly 520 acres of government land valued at around INR 21,000 crore. Residents eligible under the Chandigarh Small Flats Scheme, 2006, were provided EWS flats in different sectors. The city's approach combines planned rehabilitation, strategic land use, and urban development, offering a model for other Indian cities.Read more

06 Oct 2025

Vatika Business Centre has inaugurated a new co-working facility in Noida, reflecting the growing need for flexible office solutions in the Delhi-NCR region. The newly opened centre covers 28,500 sq ft in Sector 62, a fast-growing IT and business hub. According to the company's CEO, Noida is emerging as a significant business destination, and the facility is designed to provide flexible, well-planned, and convenient workspaces for companies of all sizes. Vatika now operates 15 centres across eight cities, managing over 4 lakh sq ft of office space and offering more than 4,000 seats to businesses nationwide.Read more