02 May 2025

Kolkata’s housing market is undergoing a shift, with unsold affordable homes (below INR 40 lakh) falling by 20% between 2024 and 2025, while unsold luxury units (above INR 1.5 crore) surged by 96%, The Times of India reports. Anarock data shows 37% of 66,260 new units launched since 2021 were in the affordable segment, underscoring strong demand despite fewer new launches post-pandemic. Meanwhile, slower absorption in the luxury market may push developers to recalibrate project portfolios. As Kolkata’s real estate evolves, buyers can expect greater choice and potentially competitive pricing across both affordable and premium housing segments.Read more

02 May 2025

Former cricketer Sanjay Manjrekar has sold his 2,315 sq ft apartment in Mumbai’s Raheja Imperia, Lower Parel, for INR 13.5 crore, according to property documents reviewed by Zapkey. The April 8 transaction included one parking space and INR 81 lakh in stamp duty. Lower Parel’s evolution into a prime residential and commercial hub continues to attract celebrities and professionals. Manjrekar’s sale reflects broader trends, with recent high-profile purchases by KL Rahul, Suniel Shetty, and Suryakumar Yadav. These transactions highlight strong momentum in Mumbai’s luxury real estate market, supported by strategic moves from both individuals and corporations across India’s property landscape.Read more

02 May 2025

The Maharashtra government has approved a cluster redevelopment plan for 19 old buildings near Mumbai’s Elphinstone bridge, postponing immediate demolition amid strong resident opposition. Initially, buildings like Haji Noorani and Laxmi Niwas were marked for demolition, but concerns over displacement and indefinite delays in a combined redevelopment prompted protests. At a joint meeting with residents and authorities, officials agreed to prioritize resident relocation before proceeding with the bridge’s removal. The BMC and MSRDC will now revise the redevelopment strategy, incorporating public feedback and assessing infrastructure impacts. Demolition will only begin once a clear, phased plan and proper housing arrangements are in place.Read more

02 May 2025

The Rajasthan Housing Board (RHB) is preparing to introduce two residential schemes Ganga and Gulmohar in the Mansarovar area of Jaipur. These projects aim to provide affordable housing options for middle-income groups (MIG) and are expected to offer 160 flats in 2-BHK and 3-BHK configurations. The minimum price for these units is set at approximately INR 45 lakh. This marks RHB's first MIG development in Mansarovar in about a decade, with the last being the Dwarka Apartment. Additionally, RHB plans to launch a scheme with 60 flats in Sector 26 of Pratap Nagar. The board is also expanding its reach by planning housing schemes in Udaipur, Barmer, Kota, and Hanumangarh, catering to various income groups including EWS, LIG, MIG, and HIG.Read more

01 May 2025

The Maharashtra Housing and Area Development Authority (MHADA) is set to redevelop its four-decade-old residential complex in Nagpur's Civil Lines area, marking a significant real estate initiative. The project, located behind the Regional Transport Office (RTO), is progressing through discussions with residents, with several meetings already held. The redevelopment aims to modernize aging infrastructure and enhance urban housing. This effort is part of broader plans to improve Nagpur's housing infrastructure, including providing 5,000 homes to power plant workers and permanent housing to slum dwellers under the Pradhan Mantri Awas Yojana (PMAY).Read more

01 May 2025

Zee Entertainment Enterprises Ltd (ZEEL) has sold a 28,221 sq ft property in Hyderabad's Jubilee Hills for INR 99 crore to Adman Creatives, as part of its strategy to monetize non-core assets and strengthen its balance sheet following the failed Sony merger. Originally tied to Padmalaya Studios, the property was designated for entertainment purposes. The sale reflects Zee's broader efforts to improve cash flows amid Hyderabad's booming real estate market, where property rates in Jubilee Hills surged 35.88% year-on-year. This divestment highlights the company's focus on streamlining operations while Hyderabad continues attracting major corporate investments.Read more

01 May 2025

Macrotech Developers Ltd (Lodha) has signed a joint development agreement worth INR 165.3 crore for a 20,468 sq. m. land parcel in Wakad, Pune, partnering with Goelpushp Developers LLP, Shri Balaji Ventures, and Goel Ganga Group. Landowners will receive 22.5% of the project revenue. Located near the Hinjewadi IT Park, Wakad is a fast-growing real estate hub with rising demand and prices. This deal supports Macrotech's expansion strategy across Pune, MMR, and Bengaluru. The firm plans to invest over INR 8,000 crore in FY26 for new land deals, targeting INR 25,000 crore in project revenue and INR 21,000 crore in annual sales.Read more

30 Apr 2025

NCR's real-estate market has witnessed remarkable growth over the past five years, with Greater Noida leading at 98% price appreciation, followed by Noida (92%) and Gurugram (84%). Overall, NCR saw an 81% rise in residential prices. Unsold inventory dropped by 51%, with Noida recording the sharpest fall at 72%. The inventory overhang reduced dramatically from 88 to 17 months by Q1 2025. New launches surged, with 53,000 units added in 2024, a 44% increase from 2023. Post-COVID trends show a strong shift toward luxury housing, with ultra-luxury segment launches rising to 59%, while affordable housing's share declined to 11%.Read more

30 Apr 2025

ONE Group Developers has revealed plans to invest over INR 1,200 crore in Mohali over the next two years. The investment will fund a series of residential and commercial projects in prime sectors, including low-rise independent floors, residential plots, and a group housing project. The company aims to create sustainable, integrated communities that align with modern urban living. With a strong presence already established in the city, ONE Group plans to build on its successful projects and further elevate Mohali's real estate landscape.Read more

30 Apr 2025

Hero Realty Pvt Ltd, backed by Sunil Kant Munjal's Hero Enterprise, has announced plans to invest INR 3,078 crore in a premium residential project located in Sector 104, Gurugram, along the Dwarka Expressway. This venture marks the second collaboration between Hero Realty and Gurugram-based Saheb Enterprise, aiming to develop approximately 3 million square feet of residential space across 11 acres. The project is poised to become one of the largest residential developments in the region, reflecting Hero Realty's strategic expansion into key growth corridors in North India.Read more