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

13 Jul 2025

Peninsula Land Ltd. has acquired 28 acres of land in Alibaug and 3.5 acres in Karjat, Maharashtra, for residential developments, expecting to generate a combined revenue of INR 1,500 crore. These acquisitions align with the company's strategy to expand its land bank in key Mumbai Metropolitan Region (MMR) peripheral locations. The move capitalizes on the growing demand for second homes and plotted developments in these popular weekend destinations. The company aims to develop projects in high-growth corridors, building on recent acquisitions like 55 acres in Panvel.Read more

12 Jul 2025

KVN Properties is partnering with Assetz Group to develop a residential project in North Bengaluru, with an estimated Gross Development Value (GDV) of INR 1,000 crore. KVN Properties will invest INR 500 crore in the project, which spans nearly 6 acres and covers 10 lakh sq ft of developable area. This marks KVN Properties' second project, following a tie-up with Puravankara Ltd for a INR 3,300 crore GDV project.Read more

11 Jul 2025

NAREDCO Mahi hosted its 4th Convention in New Delhi, themed 'Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow'. The event focused on women's influence in driving sustainable and inclusive real estate, aligned with Viksit Bharat 2047. Key sessions covered affordable housing design, policy-industry collaboration, and women's leadership in urban planning. Speakers included government officials and industry leaders. The convention also launched NAREDCO NEXTGEN - North for young professionals and honored women achievers, reflecting efforts to foster professionalism, ethics, and global engagement in the sector.Read more

11 Jul 2025

Mittal Builders has partnered with House of Abhinandan Lodha (HoABL) to develop an 11-acre housing project in Naigaon, Mumbai Metropolitan Region (MMR), with a planned investment of INR 2,000 crore. The project, launching in Q2 FY26, is expected to yield over INR 3,000 crore in Gross Development Value (GDV) over 3-5 years. It includes over 4,600 apartments and high-street retail. This Joint Development Agreement (JDA) combines both firms' strengths in what Mittal Builders calls a fast-growing center, marking HoABL's entry into group housing.Read more

11 Jul 2025

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

11 Jul 2025

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

11 Jul 2025

Zomato co-founder Deepinder Goyal purchased a premium apartment spanning nearly 11,000 sq ft in DLF's ultra-luxury residential development, 'Camellias', located on Golf Course Road, Gurugram, for INR 52.3 crore. The transaction was executed in August 2022 and formally registered a few months ago, according to data analytics platform Zapkey. Industry experts now estimate the property's current market value to be between INR 125 crore and INR 150 crore, reflecting the sharp appreciation in Gurugram's luxury housing segment. DLF has since launched another high-end project in the vicinity, titled "The Dahlias".Read more

11 Jul 2025

The Telangana government has sanctioned over 13,200 homes for Chenchu tribals under the Indiramma housing scheme. This initiative aims to provide dignity and security, particularly for Chenchu tribal women, by issuing housing sanction letters in their names. Revenue Minister Ponguleti Srinivas Reddy stated the scheme includes free sand and other construction assistance, with funds released weekly based on progress. This step seeks to provide permanent housing for the Chenchu tribals, who have historically lived in temporary shelters, and uplift marginalized communities.Read more

11 Jul 2025

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more