12 Aug 2025

The promoter family of Blue Jet Healthcare has purchased three luxury apartments, including a duplex penthouse, in Worli, Mumbai, for a total of over INR 202 crore. The deal, which was registered on August 9, 2025, involved a total carpet area of 11,540 square feet in the Four Seasons Private Residences. This high-value transaction reinforces Mumbai's position as a prime market for real estate investment and ownership, especially among wealthy buyers and corporate executives looking for exclusive homes.Read more

12 Aug 2025

After years of setbacks, the BSUP rehabilitation plan for Karimadom Colony has received the technical go-ahead, offering real relief to 105 long-waiting families. All essential details, designs, costs at INR 21 lakh per unit, and execution timelines are now finalized. Costford will lead construction, which is slated to commence soon on the cleared site and conclude within a year. What had become a symbol of civic dysfunction and election-driven policy shifts now stands at the cusp of tangible progress. Residents finally have a clear pathway to the homes they were promised long ago.Read more

11 Aug 2025

Odisha has achieved a landmark in its urban housing mission by completing about 1.36 lakh PMAY-U houses over the last decade, which accounts for 73 percent of the 1.84 lakh homes sanctioned. Most were built via a beneficiary-led model, while others came under affordable housing projects and slum redevelopment. Beneficiaries received INR 2 lakh aid and essential amenities for their new homes; the mission also offered incentives for timely construction. Affordable housing participants contributed INR 1.5 lakh each. Experts say the scheme is reshaping the urban poor's access to safe and decent housing.Read more

11 Aug 2025

Brookfield Asset Management has expanded its footprint in Mumbai, acquiring another floor in Godrej BKC for INR 370.25 crore under the IBC process. Exercising its right of first refusal, Brookfield now controls three contiguous floors-about 250,000 sq ft-along with parking rights and Jet Airways' former board seat for the building. The deal comes amid surging BKC rents, now INR 650-700 per sq ft per month. Brookfield's earlier two floors, bought in 2020, are leased to tenants like World Bank and PayPal. The firm has also secured a prime two-acre plot in BKC, reinforcing its long-term strategy in Mumbai's premium office market.Read more

11 Aug 2025

Prestige Estates Projects Ltd has expanded its land holdings by acquiring 102 acres during the past quarter to develop residential projects in Bengaluru, Hyderabad, Chennai and Mumbai. With an estimated gross development value exceeding INR 20,000 crore, the acquisitions form part of the company's aggressive growth strategy in the housing sector. The firm also posted robust quarterly results, recording higher net profit, revenue and sales bookings, supported by strong demand, especially from a large-scale project in Ghaziabad. Management has provided strong sales guidance for the current fiscal year.Read more

11 Aug 2025

Cowrks, a premium flexible workspace brand owned by Brookfield Properties, has expanded its managed office portfolio to over 1 million sq ft across major cities, including Mumbai and Bengaluru. The company has introduced Enterprise Plus, offering dedicated managed offices with end-to-end design and operational services for enterprises and global capability centres (GCCs). This growth is driven by rising demand for customised, fully managed workspaces in markets such as Delhi-NCR, Chennai, and Hyderabad.Read more

11 Aug 2025

India's largest real estate developer, DLF Ltd, is set to invest INR 23,500 crore towards completing its ongoing residential projects across Delhi-NCR and Mumbai. With a strong liquidity position, including INR 10,429 crore in cash and INR 37,220 crore in customer receivables, the company is well-capitalized for this construction drive. Recent launches like DLF Privana North in Gurugram and a premium project in Mumbai have already seen complete sell-outs, significantly contributing to record-breaking sales bookings. DLF is targeting INR 20,000-22,000 crore in bookings this fiscal, having already crossed INR 11,425 crore in the first quarter.Read more

10 Aug 2025

In a bid to address rising demand for affordable housing, the Uttar Pradesh government has initiated steps to launch multiple greenfield township projects across key cities ahead of the festive season. Development authorities have been instructed to expedite land acquisition, with townships in several cities expected to commence by early autumn. A state funding mechanism introduced in 2023, which covers half the cost of land acquisition with a twenty-year repayment plan, is supporting the initiative. Cities like Moradabad, Saharanpur, and Rampur are among those receiving substantial allocations.Read more

09 Aug 2025

Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more

09 Aug 2025

The Haryana government has launched a wide-reaching housing initiative aimed at providing legal home ownership and plots to economically weaker sections in both urban and rural areas. More than 1,100 families in Jagadhri received interim ownership papers for 30 sq yd plots, while nearly 3,900 rural households across 58 villages were allotted land under Gramin Awas Yojana 2.0. The effort is backed by subsidies under PMAY, employment under MGNREGA, and support for basic needs. Alongside this, the state is expanding welfare schemes in healthcare, education, and employment.Read more