03 Sep 2025

The engineering consulting and construction services exhibition at the China International Fair for Trade in Services (CIFTIS) will place emphasis on the theme "Technologies Empower 'Quality Homes'." The event, held earlier this week in Beijing, is set to showcase how advanced technologies are transforming housing design, construction processes, and overall living standards. Industry players are expected to highlight innovative practices that contribute towards sustainable, efficient, and quality-driven housing solutions.Read more

03 Sep 2025

The Delhi PWD has identified seven land pockets for redevelopment under a public-private partnership, with NBCC tasked to prepare proposals. Sites include Vikas Bhawan-1 at ITO, Timarpur, Gulabi Bagh, Kalyanvas, Probyn Road, Sindhora Khurd, Sindhora Kalan, and Bahapur. NBCC, which has executed projects like Kidwai Nagar and Sarojini Nagar, will design plans to modernise ageing government colonies, add sustainable infrastructure, and create office and retail spaces. In North Delhi, Gulabi Bagh and the Sindhora colonies house around 1,200 government quarters, while Kalyanvas, Probyn Road, and Timarpur add smaller clusters. The plan aims to address dilapidation, improve housing standards, and optimise prime urban land.Read more

03 Sep 2025

Over 80 homebuyers of the Lotus Arena project in Noida's Sector 79 staged a protest over decade-long delays and stalled construction. Launched in 2014, the project faced insolvency in 2020 after promoters allegedly diverted INR 387 crore, with Purvanchal Projects appointed as the new developer under a 2023 resolution plan. However, the Noida Authority has refused to revalidate the layout plan, citing CAG objections over Sports City allotments, halting progress. Buyers said they continue to suffer rent and EMI burdens, with some reporting personal tragedies during the delay. The association has urged state intervention, warning of further protests and legal action.Read more

02 Sep 2025

Thiruvananthapuram's Karimadom Colony Housing Complex, with 128 new flats, was inaugurated this week by Minister V Sivankutty in the presence of Mayor Arya Rajendran. Built at a cost of INR 27 crore, the project is the first phase of a plan to provide 200 homes in the colony. The civic body has already delivered thousands of homes under various schemes, including 318 flats at Kalladimukham, 542 at Mathippuram, and over 12,000 units through the LIFE project. Costford will soon begin construction of an additional 105 units under the BSUP rehabilitation initiative, with completion targeted in a year, further strengthening affordable housing delivery.Read more

02 Sep 2025

Debt-ridden developer Supertech Ltd, currently under insolvency proceedings, has delivered more than six thousand homes across multiple housing projects over the past three years, despite facing financial distress. The deliveries were made under the supervision of an insolvency resolution professional appointed by the National Company Law Tribunal. Former chairman RK Arora confirmed that around fifteen thousand homes remain pending, with the firm seeking Supreme Court approval for a joint resolution plan with Apex Heights Pvt Ltd.Read more

02 Sep 2025

Lucknow Development Authority is preparing to hold a lottery for 332 residential plots in the Anant Nagar housing scheme, scheduled to take place later this week at Indira Gandhi Pratishthan and streamed live on the LDA's YouTube channel. Over 8,500 applicants had registered in the second phase, which offered plots ranging from 112.5 sqm up to 450 sqm. The township, spread over 785 acres, includes over 2,100 residential plots, 60 group-housing blocks with 10,000 flats, 5,000 units for EWS/LIG households, and 3,000 PMAY homes, along with modern infrastructure and a dedicated Edutech City.Read more

02 Sep 2025

Excel Infra Construction is set to invest INR 252 crore in the Bellissima luxury residential project at Bandra Reclamation, Mumbai. The 33-storey tower will feature 96 apartments, with expected revenue of INR 400 crore. The funding will be a mix of equity and an Alternative Investment Fund structured as non-convertible debentures. Leveraging advanced construction technology, the company aims to complete the project ahead of schedule.Read more

02 Sep 2025

UrbanVault has expanded its operations with the opening of an 80,000 square feet co-working centre at Manyata Tech Park, Bengaluru, featuring 2,000 desks. The company leased the Grade A office space from Embassy Group and has already onboarded clients such as Cloud Odyssey, Pioneer, and SRM Tech. CEO Amal Mishra highlighted the location's importance in Bengaluru's enterprise ecosystem and outlined plans for continued national expansion. With this launch, UrbanVault manages over 2.58 million square feet and more than 42,000 seats across major Indian cities, achieving a turnover of INR 120 crore in 2024-25.Read more

02 Sep 2025

Indian Railways is set to generate approximately INR 6,000 crore in revenue by leasing out two underutilized, prime plots of land in Mahalaxmi and Bandra for 99 years. The Rail Land Development Authority (RLDA) is overseeing the process, which is a key part of a broader government strategy to monetize non-core assets. The Mahalaxmi plot, with a base price of INR 993.30 crore, is the first of many such projects to be tendered, aiming to use the city's booming luxury real estate market to fund railway infrastructure.Read more

01 Sep 2025

Signature Global Ltd has acquired 33.47 acres of land in Sohna, Gurugram, for about INR 450 crore to develop nearly 1.8 million sq ft of housing. The land was purchased through three separate sale deeds and adds to the company's steady pipeline of projects. Signature Global, which ranked fifth nationwide in pre-sales last fiscal, continues to focus on expanding in the Delhi-NCR region. Despite a dip in first-quarter sales bookings, the company reported stronger profit growth and remains confident of meeting its guidance for this year.Read more