Hyderabad News Desk

02 Feb 2026

Apple India has expanded its corporate presence in Hyderabad by leasing an additional approximately 57,000 sq ft of Grade A office space at the prominent WaveRock IT Park in the city's Financial District. The new lease, taken on a five-year term, brings the company's total footprint at the WaveRock campus to around 6.34 lakh sq ft of office space, according to property documents accessed by Propstack. The space is in Tower 2.1 of the campus and includes a security deposit and an annual rental escalation clause, reflecting a continuing commitment to Hyderabad as a key technology and innovation hub. Apple's incremental expansion at the site, which it first entered in 2016, aligns with broader trends of multinational firms deepening operations in the southern Indian city, contributing to robust office leasing activity and strengthening Hyderaba's appeal within India's commercial real estate market.Read more

Mumbai News Desk

02 Feb 2026

Serene Communities, the senior living platform of Columbia Pacific Communities, has announced plans to invest INR 3,000 crore to develop approximately 2.5 million sq ft of senior housing across 13 projects in six Indian cities, including Bengaluru, Chennai, Mysuru, Kochi, Hyderabad and Pune, with apartments expected to be priced between INR 70 lakh and INR 1.5 crore, according to company leadership. The expansion is being propelled through strategic partnerships with regional developers such as Embassy Group and Gardencity in Bengaluru, Prathima Developers in Hyderabad and Cybercity in Pune, signalling a collaborative model rather than standalone development. Serene Communities is also exploring entry into the Mumbai market, particularly in the New Mumbai belt near Vashi-Panvel and Thane, where land economics are more favourable. The initiative reflects growing demand for professionally managed, community-oriented senior living solutions as India's elderly population expands and lifestyles evolve.Read more

02 Feb 2026

The Maharashtra government has approved a policy to waive stamp duty and registration charges on the sale and purchase of so-called enemy properties in the state to encourage higher participation in their auctions. Enemy properties are assets left behind by individuals who migrated to countries India considers hostile after past conflicts, mainly Pakistan and China, and are currently vested with the Custodian of Enemy Property for India (CEPI). Historically, these assets have seen low interest in auctions due to additional transaction costs and legal complexities. By scrapping the stamp duty component, Maharashtra aims to lower the cost barrier for buyers and make auctions more attractive, potentially speeding up the monetisation and utilisation of these idle properties. The move is expected to help the state monetise a backlog of such assets, particularly in regions like Mumbai, Thane, Palghar and elsewhere.Read more

Gurugram News Desk

02 Feb 2026

The Gurugram Authority is exploring land allocation and real estate revenue options to improve the financial sustainability of the newly built Gurugram Metro. Gurugram Metro Rail Limited (GMRL) had earlier requested that land parcels along the metro corridor be studied for potential commercial and value capture development to generate revenue beyond fare collections. In response, the city's zonal office and chief town planner have been asked to examine suitable land allocation and value capture finance mechanisms that could include commercial development rights, increased floor area potential near stations, transit-oriented development, and other real estate-linked revenue streams. The move comes as transit systems increasingly look to non-fare income sources including leasing, advertising, and property development to bridge funding gaps. The proposal is seen as a step toward making the Gurugram Metro financially viable and less dependent on government subsidies.Read more

Hyderabad News Desk

01 Feb 2026

The Greater Hyderabad Municipal Corporation (GHMC) has identified more than one lakh property tax defaulters in the city as part of a Geographic Information System (GIS)-based tax assessment survey, uncovering an estimated tax evasion of over INR 100 crore. The civic body carried out the survey between August 2024 and December 2025 using drone imagery and high-resolution mapping to verify property details against official records. Results showed widespread under-assessment and misclassification of property use, particularly in rapidly urbanised zones, leading to significant revenue loss. GHMC has begun issuing demand notices to defaulters and integrated Property Tax Identification Numbers with electricity data to improve accuracy of assessments. Early field verification of nearly 15,000 properties has already yielded additional revenue. The ongoing effort is expected to further strengthen tax compliance and boost municipal finances as the survey expands across more properties.Read more

Delhi News Desk

01 Feb 2026

The Delhi government has unveiled a major infrastructure initiative aimed at improving living conditions in informal settlements across the capital, with a total allocation of around INR 327 crore for jhuggi-jhopri (JJ) cluster development projects. The announcement was made by Chief Minister Rekha Gupta at a Republic Day event, where she hosted representatives of slum communities and reaffirmed the administration's commitment to enhancing basic amenities. Works already approved include public convenience complexes and cement-concrete road infrastructure, with a further INR 700 crore earmarked for broader JJ cluster development covering housing, sanitation, health and social welfare. Officials said the comprehensive plan will fast-track essential upgrades such as drains, toilets, parks and community facilities to elevate the quality of life in these areas. Government ministers and civic leaders attended the event.Read more

01 Feb 2026

Goregaon West is consolidating its position as one of Mumbai's stronger luxury residential micro-markets, supported by limited new supply, established social infrastructure and consistent end-user demand. Market trends indicate that buyers are increasingly favouring well-located projects with visible construction progress, leading to steady price appreciation across premium developments. This shift towards execution-driven decision-making has resulted in faster absorption and sharper price movements for select projects. Ariha Group's luxury development at Jawahar Nagar reflects this trend, with prices rising sharply within months of launch amid robust demand. The project's ahead-of-schedule construction progress has further reinforced buyer confidence, underlining how delivery assurance, constrained inventory and location advantages are shaping value creation in Goregaon West's evolving luxury housing landscape.Read more

Pune News Desk

01 Feb 2026

Stamp duty collections from Pune's property market crossed approximately INR 7,119 crore in calendar year 2025, the highest annual total in the past four years, even as property registrations edged down marginally, according to real estate consultancy Knight Frank India. The city recorded around 1,85,657 registrations during the year, reflecting a 2.3 per cent year-on-year decrease, but sustained demand for higher-value homes supported revenue growth. In December 2025, registrations were lower than the same month a year earlier, influenced partly by a high comparative base, yet values indicated continued underlying demand. Smaller homes up to INR 1 crore continued to account for the bulk of registrations, while larger units saw modest share growth, underscoring enduring interest in both mid-segment and premium housing in Pune's residential market.Read more

01 Feb 2026

Pune's residential property market continued to display strong end-user demand in 2025, with housing sales significantly outpacing new supply, according to the Pune Housing Report 2025 by CRE Matrix in association with CREDAI Pune. The city recorded around 81,000 registered apartment sales during the year, compared with 64,000 new housing launches, indicating demand running well ahead of supply. Transaction values crossed INR 63,000 crore, reflecting a marked shift towards larger homes and higher ticket sizes. While homes priced below INR 1 crore continued to dominate overall volumes, premium and luxury segments saw the fastest growth. Supply additions were impacted by approval delays across multiple planning authorities, resulting in fewer new project launches. Despite these constraints, Pune remained India's most affordable major housing market while leading the country in residential sales volumes.Read more

Navi Mumbai News Desk

31 Jan 2026

Global technology firm HERE Solutions India Pvt Ltd has signed a long-term lease for about 2.1 lakh square feet of office space in the Mindspace Airoli West business park in Navi Mumbai, reaffirming strong demand for institutional-grade office assets in the Mumbai Metropolitan Region. The lease, spanning more than ten years, covers four floors of office space in the Gigaplex commercial tower, with a monthly rental and annual escalation structure agreed under the terms of the agreement. The transaction includes a significant security deposit and dedicated parking provision, highlighting tenant commitment to the location's business ecosystem. The deal adds to ongoing corporate expansion in Navi Mumbai's office market, where large-format leases continue to form a key component of Grade A office demand, particularly from technology and services firms seeking sustainable, long-term operational bases.Read more