22 Sep 2025

Realty major Lodha Developers has finalised the sale of more than 24 acres of land in the Palava region near Mumbai to Singapore-based ST Telemedia Global Data Centres (STT GDC) for nearly INR 500 crore. The deal, already registered, included 1.74 acres sold directly by Lodha and 22.6 acres transferred by its subsidiary Palava Induslogic 4 Pvt Ltd. The transaction comes close on the heels of Lodha's agreement with the Maharashtra government to develop a green data centre park in Palava.Read more

21 Sep 2025

Actor Sanjay Mishra has purchased a sea-view apartment in Raheja Exotica Cyprus, Madh Island, Mumbai, for INR 4.75 crore. The flat, spread across 1,701 sq ft with an additional deck area, places him in the same project where singer Jubin Nautiyal bought a home late last year. Mishra joins several film personalities who have invested in this coastal location, which has seen rising property rates due to upcoming infrastructure like the Versova-Madh bridge and Bandra-Versova Sea Link.Read more

21 Sep 2025

The Rajasthan Housing Board has recorded a surge in applications for its newly launched residential schemes in smaller towns and semi-urban locations. Projects in Nainwa, Badi Road in Dholpur and Panerio ki Madri in Udaipur have witnessed demand exceeding available units, with Udaipur's scheme drawing eighteen applicants for each flat. Offering homes from about INR 7.8 lakh, these schemes are attracting interest from economically weaker and lower-income groups.Read more

19 Sep 2025

The Gurugram district administration reviewed progress on the demolition of unsafe towers at Chintels Paradiso, Sector 109. Three towers have already been razed since demolition began in January, while the fourth is nearly down, and Tower D is expected to be next. Six towers in total D, E, F, G, H, and J were declared unsafe by IIT Delhi experts and cleared for demolition. Towers A, B, and C remain under a Supreme Court stay. Residents have raised concerns about being excluded from discussions, delays in work, and the sudden halt of court-mandated rent payments. Completion this year appears unlikely.Read more

18 Sep 2025

Smartworks Coworking Spaces has leased 5.57 lakh sq ft at Intellion Park, Navi Mumbai, marking its largest managed office campus in the city and pushing its total leased Mumbai portfolio beyond 10 lakh sq ft. The move addresses growing demand for flexible workspaces among enterprises. With a presence across 14 cities in India and Singapore, Smartworks caters to over 730 clients, including Forbes 2000 firms and startups. Tata Realty emphasized the collaboration's potential to deliver world-class, scalable work environments and set new benchmarks in Navi Mumbai's commercial real estate sector.Read more

18 Sep 2025

The Securities and Exchange Board of India (SEBI) has leased a 5 BHK apartment in Prabhadevi, Mumbai for its new chairman, Tuhin Kanta Pandey, at a monthly rent starting at INR 7 lakh. The three-year lease totals INR 2.65 crore, with annual escalations. The apartment is part of Rustomjee Crown Tower and includes four parking spaces. SEBI clarified that the arrangement falls under its approved housing policy. The deal comes amid a steady rise in luxury rental transactions in Mumbai, where more than 3 lakh agreements are registered annually.Read more

17 Sep 2025

Residents of Signature View in Mukherjee Nagar have begun vacating their flats after a structural audit by IIT Delhi declared the building unsafe. The Delhi Development Authority (DDA) is providing rent support to those relocating, offering INR 50,000 per month to families from three-bedroom flats and INR 38,000 to those from two-bedroom flats. Many residents, however, are seeking more time to secure alternative housing before the demolition process begins.Read more

17 Sep 2025

Mahindra Lifespace Developers Ltd has been chosen to redevelop two residential societies in Chembur, Mumbai, with a combined gross development potential of INR 1,700 crore. Covering 4.4 acres-2.6 acres for one society and 1.8 acres for the other-the projects mark a significant addition to the company's urban residential portfolio. Known for its focus on sustainable growth, Mahindra Lifespace is strengthening its presence in Mumbai's redevelopment market, a sector gaining momentum in high-demand neighbourhoods.Read more

17 Sep 2025

BlackRock Services India Pvt Ltd, the local arm of global asset manager BlackRock Inc., has signed a major lease deal in Bengaluru's prime MG Road business district. The company will occupy 1.43 lakh sq. ft. across six floors of KNG Tower 1 at Ashok Nagar, with the lease registered on August 21, 2025. The agreement begins October 1, 2025, at a monthly rent of INR 2.72 crore with 5% annual escalation and a security deposit of INR 21.75 crore. This follows BlackRock's earlier lease in Worli, Mumbai, and marks one of the largest flexible workspace deals, underscoring rising demand for premium offices.Read more

16 Sep 2025

A hybrid resolution method monitored by the Supreme Court has been proposed to complete the stalled Supernova project by Supertech Realtors in Sector 94, Noida. The plan, modeled on earlier cases like Amrapali and Unitech, would put a retired judge or High Court Chief Justice in charge of supervising project revival. Suggested steps include removing current promoters from control, appointing a new board and project management consultant, and conducting a forensic audit of finances. The proposal aims to protect homebuyers' interests while respecting the rights of financial creditors.Read more