18 Jul 2025

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

17 Jul 2025

Gurugram's residential property market has witnessed a substantial 67% increase in average prices between Q2 2023 and Q2 2025, according to the latest MagicBricks PropIndex. The average rate reached INR 16,186 per sq ft during the April-June quarter of 2025, up from INR 9,718 two years prior. Key micro-markets such as Dwarka Expressway, Golf Course Road Extension, Sohna Road, and New Gurugram are experiencing heightened demand. Dwarka Expressway led the growth, supported by major infrastructure enhancements and improved airport connectivity, making it the top choice for premium buyers and investors alike.Read more

17 Jul 2025

Office space solutions provider 91Springboard has made its foray into Chennai by leasing an entire commercial building in Guindy. With this 28,000 sq ft facility, Chennai becomes the ninth city in the company's pan-India network, which now spans over 1.5 million sq ft and includes 30,000 desks. The new centre will feature a mix of ready-to-use private suites and customised built-to-suit workspaces. 91Springboard attributed Chennai's commercial real estate growth to rising demand from sectors such as IT, BFSI, and Global Capability Centres.Read more

17 Jul 2025

Godrej Properties Ltd has forayed into the Raipur market with the acquisition of approximately 50 acres of land earmarked for premium plotted residential development. The project is expected to offer around 9.5 lakh square feet of saleable area. This strategic land purchase aligns with the company's broader vision to strengthen its presence in emerging real estate markets across India. The expansion highlights Godrej Properties' continued focus on diversifying its footprint beyond metropolitan hubs and into high-potential tier-2 cities.Read more

17 Jul 2025

Navi Mumbai witnessed a notable 40% rise in demand for premium office spaces in 2024, reaching 5.8 million square feet, according to CRE Matrix. With its status as one of India's most affordable office destinations averaging INR 65 per sq. ft. the region has drawn major leasing activity, particularly in hubs like Airoli, Ghansoli, Vashi, and Belapur. Gross leasing during the first half of this year surpassed 2.7 million sq. ft., and ongoing infrastructure projects such as the upcoming Navi Mumbai International Airport are expected to further stimulate leasing momentum.Read more

17 Jul 2025

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

16 Jul 2025

The Lucknow Development Authority (LDA) has launched an e-auction of 50 residential plots and two multi-storey commercial complexes, with a combined estimated value of INR 310 crore. The residential plots, located in Sector G of the Basant Kunj Scheme near Gau Ghat and the Green Corridor, measure 252 sqm each and are priced at a reserve rate of INR 32,955 per sqm. The auction also includes a 2.5-hectare land parcel in Gomti Nagar Extension, a 1,800 sqm commercial-cum-nursing-home plot in Vishal Khand, and two ready-built complexes in Ratan Khand and Mansarovar. These offerings were identified through a recent land audit.Read more

16 Jul 2025

Over the past three and a half years, Indian developers have launched residential plots worth an estimated INR 2.44 lakh crore across 10 prominent tier-I and tier-II cities, according to PropEquity. A total of nearly 4.7 lakh plots were introduced between January 2022 and May 2025. Cities like Hyderabad, Indore, Bengaluru, and Chennai led the trend, driven by rising demand for customisable homes and long-term investment potential. Despite a 23% annual decline in supply in 2024, prices surged 27% year-on-year, highlighting continued interest. The first five months of 2025 alone witnessed over 45,000 new plot launches.Read more

14 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more

14 Jul 2025

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering INR 771.09 crore for the hill city project near Pune. The bid is part of an ongoing insolvency resolution process for the debt-laden project, which has over INR 6,642 crore in liabilities. The resolution plan is in draft stage, subject to environmental clearances. This marks the third attempt to resolve Lavasa's insolvency after previous bids failed. The Committee of Creditors will negotiate further to maximize the offer, with a 90-day extension invoked for final evaluation due to complexities.Read more