01 Jul 2025

The Delhi Development Authority has announced a new residential plot auction for 118 plots in Sector D6, Vasant Kunj, a premium south Delhi locality developed by the agency in 2010. The move is part of a larger initiative to upgrade internal infrastructure and resolve long-standing parking issues. A specialised agency will be hired to demarcate plots and revamp roads, stormwater drains, and pipelines. Additionally, surface parking will be constructed for around 1,904 flats across four blocks. The entire project is expected to be completed within a year of awarding the contract and will follow strict CPWD and environmental norms.Read more

01 Jul 2025

India's office leasing market has picked up pace in the first half of 2025, led by co-working operators who leased 6.5 million sq ft across seven major cities-a 48% jump from last year. This reflects growing demand for flexible, managed workspaces as companies look for cost-effective and scalable solutions. Despite this shift, traditional leasing remains significant. Overall, gross office leasing rose 13% year-on-year to 33.7 million sq ft. Experts note that flexible spaces are becoming central to corporate strategies, with strong demand from tech firms setting up Global Capability Centres. New Grade A office supply continues to attract both domestic and global occupiers.Read more

01 Jul 2025

CREDAI-MCHI supported Design POV 2025, held at Jio World Convention Centre from June 27-29, joining conversations on design, innovation, and urban development. A key panel on June 27, moderated by Dr. Harshul Savla, explored breaking myths around affordable housing and design. Speakers highlighted that modern luxury is about natural light, ventilation, spatial comfort, and well-being, not just expensive finishes. They advised against maximizing FSI at the cost of quality and emphasized the role of sustainability and wellness features like rainwater harvesting and efficient ventilation. Panelists stressed using data tools to align with market needs and balancing affordability with thoughtful, community-focused design.Read more

01 Jul 2025

Bollywood actor Jeetendra Kapoor and daughter Ekta Kapoor have sold their apartment in Mumbai's Omkar 1973 Worli project for INR 12.25 crore, or about INR 57,000 per square foot. The 2,149 sq ft flat includes two parking spaces and was officially registered on June 8, 2025. The Kapoors had bought it in 2017 for INR 11.52 crore. Omkar 1973 is a luxury residential project that has faced legal hurdles, including a stay order on new flat sales due to pending rent disputes with displaced residents. Despite this, resale activity continues. As of late 2021, less than half of the project's 136 launched apartments have been booked.Read more

30 Jun 2025

Around 100 homebuyers at RG Luxury Homes in Greater Noida West finally received their property registries during a special on-site registration camp held over the past few days. The housing project, originally launched in 2010, had come to a halt in 2016 due to financial distress and was admitted to the NCLT in 2019. It was revived in 2020 through a rare reverse insolvency resolution process, allowing the original promoter to resume work under the court-appointed insolvency professional. More than 1,400 flats across seven towers have now been issued occupancy certificates, and the remaining two towers are nearing completion.Read more

30 Jun 2025

Housing sales in Delhi-NCR rose 16% year-on-year this quarter, crossing 11,700 units, according to PropEquity. The surge was driven by strong luxury housing demand and new project launches, especially in Ghaziabad and Greater Noida. DLF's Privana North in Gurugram sold out 1,164 units worth INR 11,000 crore in one quarter, while Prestige Group launched over 3,400 units in Indirapuram. Developers like Signature Global, Smartworld, Sobha, and Tribeca also saw brisk sales. Experts say younger buyers in Gurugram are driving luxury demand, while improved infrastructure and expanding inventory in affordable segments have kept the region resilient compared to other metro markets.Read more

29 Jun 2025

JP Morgan has signed a 10-year lease for 1.16 lakh sq. ft. of office space in a newly built tower at Mumbai's Bandra Kurla Complex (BKC), developed by Sumitomo's Goisu Realty. The deal, valued at INR 6.91 crore in monthly rent with 15% escalations every three years, includes a INR 62.23 crore security deposit. The new space, spanning two floors, will serve as the bank's front office from October 2026. BKC, a key BFSI hub, continues to attract top firms-Tesla also recently leased showroom space nearby. Sumitomo is expanding rapidly in Mumbai, with major property acquisitions in Worli and Lower Parel.Read more

29 Jun 2025

India's office market recorded a healthy 11% year-on-year growth in gross leasing during the April-June quarter, reaching 178 lakh sq ft across seven major cities, as per Colliers India. Demand strengthened in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune, while Mumbai was the only metro to witness a decline in activity. The data excluded lease renewals, pre-commitments, and LOI-based transactions. Industry experts noted that 2025 is continuing the growth momentum seen over the past two years, with projections suggesting that office space absorption could hit 65-70 million sq ft by year-end.Read more

28 Jun 2025

Authorities at GIFT City and GujRERA are intervening to complete the stalled World Trade Center (WTC) project, specifically Towers B and C, after terminating the agreement with original developer WTC Noida Development Company due to delays and fraud allegations. While Towers A and D were completed, buyers of the other towers filed over 30 complaints citing non-delivery and missed returns. With promoter Ashish Bhalla under arrest, options being considered include handing the project to an association of allottees or appointing a new developer under RERA provisions. The move underscores the push for accountability and timely project delivery in GIFT City's high-stakes ecosystem.Read more

27 Jun 2025

Supreme Infrastructure India Ltd (SIIL) has secured a turnkey INR 450 crore contract to develop a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The project, part of a larger 6-acre urban renewal initiative by Brookfield-backed BSS and Rajeshwar Property Ventures, will span 1.6 million sq. ft. in Phase 1 and include residential units, infrastructure, and MEP works. SIIL will hand over the completed complex to MMRDA within three years. The broader development will eventually add 2.5 million sq. ft. of commercial and retail space. This deal boosts SIIL's order book to INR 1,725 crore, reinforcing its presence in major urban infrastructure projects.Read more