14 May 2025

Bollywood actress Amrita Puri, along with her parents Aditya and Anita Puri, has acquired a luxury apartment in the prestigious Lower Parel area of Mumbai for INR 37 crore. The 5,446.53 sq ft property is situated on the 49th floor of Lodha Group's World One tower, a part of the lavish World Towers development. The transaction, which was officially registered earlier this year, included a stamp duty of INR 2.22 crore and additional registration charges. The family also secured four dedicated car parking spaces with the purchase.Read more

14 May 2025

L&T Realty has made its first outright land purchase with the acquisition of a 34-acre plot in Panvel, Navi Mumbai, for over INR 102 crore from three landowners. Marking a strategic shift from its usual joint ventures and development agreements, the move strengthens the company's footprint in Navi Mumbai. The land, currently zoned for industrial use, has sparked speculation on whether it will be used for residential development or as a precast manufacturing facility. This follows L&T Realty's recent JV at Bandra Reclamation and a major redevelopment project in Thane, reinforcing its expansion strategy across high-growth urban regions.Read more

14 May 2025

Macrotech Developers Ltd, a prominent real estate firm operating under the 'Lodha' brand, is poised to enter the Delhi-NCR residential market, aiming to acquire land for group housing projects. The Mumbai-based company, which already has a substantial presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, is exploring opportunities in Delhi-NCR to capitalise on the region's growth potential. Executive Director-Finance Sushil Kumar Modi stated that Macrotech plans to initiate pilot projects to better understand the market dynamics before scaling up operations. The firm has been actively acquiring land parcels, having already invested INR 7,000 crore in the last fiscal and targeting a further investment of over INR 8,000 crore this year.Read more

13 May 2025

Amazon has renewed its five-year lease for over 94,000 sq ft of office space at Godrej Two in Vikhroli, Mumbai, with a 48-month lock-in period and monthly rent of INR 1.73 crore. The lease covers four Amazon entities and includes 60 parking spaces. Located in the premium 'The Trees' mixed-use development by Godrej Properties and Godrej Fund Management, the office space spans four units on the 7th floor. This renewal highlights Amazon's ongoing expansion in Mumbai and reinforces Vikhroli's rise as a key commercial hub. It also reflects the growing preference for sustainable, well-connected office spaces among global corporations in India.Read more

13 May 2025

Anarock, a prominent real estate consultancy firm, indicated that housing sales in north India could witness a short-term decline of 5-10 per cent of the ongoing conflict between India and Pakistan intensifies. The demand for office and retail spaces may also experience temporary disruptions, although a major downturn is not anticipated. The consultant highlighted potential delays in luxury housing purchases, while mid-income housing is expected to recover first once stability is restored. Additionally, retail footfall in shopping malls may drop, and hotel occupancies in affected regions like Delhi and Kashmir might decline by 10-15 per cent. However, a surge in domestic leisure travel is projected once tensions subside.Read more

12 May 2025

The Uttar Pradesh government has outlined an expansive plan to construct over 6 million homes under the PMAY-Rural scheme in the 2025-26 financial year, nearly doubling the number built in the previous year. Following a thorough housing needs survey that attracted over 5.4 million applications, the administration is focusing on identifying eligible beneficiaries, particularly among SC/ST communities. With extensive verification protocols, door-to-door surveys, and awareness campaigns, the state is striving to implement the programme inclusively and efficiently.Read more

12 May 2025

The Lucknow Development Authority (LDA) is preparing to initiate the registration process for 2,502 residential flats under the Vishram Nagar Housing Scheme in Devpur Para, Kabir Nagar. The project, which targets households from the Middle-Middle Income Group (MMIG), Low-Income Group (LIG), and Economically Weaker Section (EWS), provides a range of unit sizes in addition to extensive infrastructure and community facilities. With groundwork nearing completion, the authority has directed officials to finish all civil, electrical, and infrastructural tasks within this month. Registrations are expected to commence next month.Read more

12 May 2025

Bollywood star Ajay Devgn has leased a 2,545 square foot office space for INR 5.47 lakh a month in Andheri West, Mumbai. The five-year lease, registered earlier this month, involves a security deposit of INR 16.42 lakh. The rental agreement includes a clause for an increase to INR 6.29 lakh per month after three years. This transaction is part of Devgn's broader investment in commercial real estate, having acquired five office units in the Signature by Lotus building for INR 45.09 crore in April 2023. The current lease is with Bombay Design Centre Pvt Ltd.Read more

12 May 2025

Tata Consultancy Services (TCS) has signed a 15-year lease for 1 million sq ft of office space at Paradigm Rajapushpa in Hyderabad's Financial District, highlighting the city's growing prominence as a tech and business hub. The lease, starting October 1, 2024, carries a monthly rent of INR 4.3 crore with a 12% annual escalation and an initial 11-month rent-free period. TCS paid a security deposit of INR 26.22 crore. This move aligns with Hyderabad's rising demand for large office spaces, driven by Global Capability Centers and tech firms. With 12 million sq ft leased in 2024, Hyderabad's commercial real estate sector continues its strong growth trajectory.Read more

09 May 2025

Chennai's residential real estate market began 2025 on a strong note, with rising sales, improved buyer confidence, and steady demand, according to CREDAI Chennai. Sales rose 7% quarter-on-quarter and 27% year-on-year in Q1, reaching 3,783 units. Ready-to-move and near-completion homes remained most preferred. The RBI's repo rate cut and revised income tax slabs have boosted affordability, especially for first-time buyers. Demand surged in southern suburbs and emerging hubs like Parandur, Minjur, and Sriperumbudur, driven by infrastructure growth and Metro Phase II. With government support and a focus on regulatory compliance, the market is poised for sustained expansion, offering strong potential for both buyers and investors.Read more