10 Jul 2025

Puravankara Group has signed a joint development agreement (JDA) for a INR 1,000 crore housing project on a 5.5-acre land parcel in Balagere, East Bengaluru. The project will offer 0.83 million sq ft of saleable area and is expected to launch within 6-9 months. While the landowner and revenue-sharing terms remain undisclosed, the deal aligns with Puravankara's strategy to expand in Bengaluru's high-growth micro-markets. Balagere's appeal lies in its proximity to major IT hubs and established infrastructure. Earlier this year, the company secured projects on Kanakapura Road and in North Bengaluru, collectively valued at INR 4,000 crore. Puravankara operates across nine cities with 90+ completed projects.Read more

10 Jul 2025

The Lucknow Development Authority (LDA) will begin online registrations on July 11 for 332 residential plots under the Anant Nagar Scheme. This second phase of the 785-acre eco-friendly township will offer plots from 112.5 to 450 sqm and will be allocated through a lottery system. The scheme includes housing for Economically Weaker Sections (EWS) and Low-Income Groups (LIG), with 5,000 units, and 3,000 PMAY homes. Featuring an Edutech City and zero-liquid-discharge systems, the project aims to house over 25,000 people, following a strong response to its first phase.Read more

10 Jul 2025

The Delhi Development Authority (DDA) plans to auction 118 residential plots in Vasant Kunj, South Delhi, after developing essential infrastructure. The DDA has issued a tender to hire an agency for planning, demarcation, and infrastructure development, including roads, sewage, and water systems. The INR 7.5 crore project, expected to complete within 12 months, will adhere to CPWD and NGT norms. This move aims to prepare the plots for auction, signaling new housing opportunities in a premium city area.Read more

10 Jul 2025

IIFL Home Finance Ltd. hosted a Green Certification felicitation ceremony in Bhuj, recognising over 50 homeowners for building self-constructed homes that meet green certification standards under the company's 'Humara Kutumb' initiative. The event aimed to promote sustainable, climate-resilient housing and included site visits to certified homes. Through this flagship programme, the company supports economically weaker sections (EWS) and low-income groups (LIG) in constructing affordable, energy-efficient homes, while also training local masons and contractors in green construction practices. The initiative is already active across six Indian states.Read more

09 Jul 2025

The ambitious redevelopment of Motilal Nagar 1, 2, and 3 in Goregaon (West), Mumbai, received a major push with MHADA signing an agreement with the Adani Group to act as the Construction and Development (C&D) agency for the project. Spread across 142 acres, the initiative is billed as India's largest redevelopment project under the C&D model. Residents will be rehabilitated in ultra-modern 1,600 sq. ft. apartments, while commercial tenants will receive 987 sq. ft. spaces. Designed around the "15-minute city" concept, the project is set to offer seamless urban living with world-class infrastructure.Read more

09 Jul 2025

The Telangana government is preparing to sell its long-vacant Rajiv Swagruha Corporation flats in Bandlaguda, Pocharam, and Gajularamaram, aiming to raise over INR 1,000 crore. These flats, built 15 years ago for affordable housing, range from 520 sq ft to over 1,600 sq ft, with prices between INR 2,500 and INR 4,000 per sq ft. Despite previous phases seeing unsold units, recent successful plot sales offer optimism. The sales will be conducted via e-auction, with key draw dates in July and August.Read more

09 Jul 2025

The Lucknow Development Authority (LDA) has mandated structural safety audits for 276 high-rises in the city, responding to recent building collapses. The directive covers both LDA-owned and private properties, aged 5 to 40 years. New regulations require audits every five years for buildings over 15 meters tall. Early audits by IIT Kanpur have already revealed safety concerns in several structures, including the Nanda Kheda Complex and Amritlal Naagar Auditorium. The move aims to prevent future tragedies and ensure public safety in Lucknow's urban landscape.Read more

09 Jul 2025

Over 2,000 Ashiana flats in Panchkula, built for Below Poverty Line (BPL) families by HSVP, are set for renovation after years of deterioration. The project, approved by HSVP and the Municipal Corporation (MC), involves structural repairs and external civic improvements. HSVP has sanctioned two projects totaling over INR 3.6 crore for repairs and painting across various sectors. The MC will manage external works through four separate tenders. This initiative aims to improve living conditions and respond to residents' requests for updated infrastructure.Read more

09 Jul 2025

The Delhi State Consumer Disputes Redressal Commission has found DLF Gayatri Developers liable for an eight-year delay in a housing project located in Andhra Pradesh. The Commission ordered a refund of INR 15 lakh to the complainant, along with INR 1.5 lakh for distress and legal expenses. The ruling came after possession, promised by 2014, was offered only in 2019. The developer's claims of delay due to political movements and rejection in approval processes. This decision underscores consumer protection efforts in real estate against prolonged project delays.Read more

09 Jul 2025

Greenbay Infrastructure faces a final ultimatum from the Yamuna Expressway Industrial Development Authority (YEIDA) to pay INR 118 crore by the end of July. Failure to meet this demand will lead to the cancellation of land allotment for its 100-acre township in Sector 22D, Noida. The developer has paid INR 40 crore but faces challenges, including unacquired land still under cultivation. YEIDA rejected a sublease request for a commercial plot to clear dues. This follows relief under a 2023 rehabilitation policy, where Greenbay paid an initial INR 110 crore against INR 441 crore recalculated dues but missed later installments.Read more