Delhi News Desk

13 Feb 2026

Maharaja Manujendra Shah of Tehri Garhwal is poised to sell his expansive 3.2-acre bungalow located on Bhagwan Das Road in the Lutyens Bungalow Zone of New Delhi for approximately INR 1,000 crore, sources said. One of the most high-profile residential property deals in recent years, the transaction is in advanced stages and expected to be concluded shortly, with a local entrepreneur from the food and beverage sector emerging as the likely buyer. The estate, known as 5, Bhagwan Das Road, sits in one of India's most prestigious addresses, synonymous with ultra-luxury residential real estate. The prospective purchaser is also reported to be in the final stages of buying former prime minister Jawaharlal Nehru's first official Delhi residence for more than INR 1,100 crore, signalling sustained demand at the very top of the capital's trophy property market.Read more

Gurugram News Desk

12 Feb 2026

Dhruv Sharma, founder and CEO of Gurugram's 32nd Avenue commercial project, was arrested in connection with a major real estate fraud estimated at around INR 500 crore. Police allege Sharma sold the same commercial floor to nearly 25 different buyers using duplicate agreements and forged documents, promising ownership and assured returns. Complaints arose over denied access and missing legal papers. Multiple FIRs have been registered, and investigations are ongoing into financial trails, bank records, and possible shell companies. The case highlights gaps in investor protection and property transaction oversight in India.Read more

Mumbai News Desk

12 Feb 2026

Actor and entrepreneur Sonu Sood has leased a commercial property in Mumbai to HDFC Bank at a monthly rent of INR 11.75 lakh, according to sources familiar with the transaction. The space, located in a prime commercial locality, will be used by the bank for its branch operations. The deal highlights ongoing demand from financial institutions for well-located office and retail addresses in Mumbai's key commercial corridors, even as hybrid work trends continue to shape occupier strategies. Leasing activity from corporate occupiers such as banks indicates sustained interest in physical touchpoints for customer engagement, complementing digital channels. Details on the size of the leased premises were not disclosed, but market participants said the rental quantum reflects premium pricing in the micro-market.Read more

Mumbai News Desk

11 Feb 2026

Standard Chartered Bank has sold a commercial office space in the Parinee Crescenzo tower at Mumbai's Bandra Kurla Complex (BKC) to Advanced Realty for INR 197 crore. The property has a chargeable area of 28,516 sq ft, carpet area of 27,003 sq ft, and 27 car parking slots, priced at about INR 69,084 per sq ft. The transaction reflects a wider trend of corporates monetising owned assets to unlock capital and adopt asset-light strategies, while BKC continues to be a highly preferred office micro-market with sustained investor and occupier interest.Read more

10 Feb 2026

The Reserve Bank of India has raised its GDP growth projections for the early quarters of FY27, citing stronger trade prospects, expected GST reforms and robust agricultural output. Growth is now estimated at 6.9 per cent for the first quarter and 7 per cent for the second, higher than earlier forecasts. The RBI expects overall economic momentum to remain steady, supported by consumption, investment, infrastructure spending and trade agreements. Full-year FY27 projections will be released during the April policy review after incorporating revised economic data series.Read more

10 Feb 2026

Maharashtra's real estate sector is set to showcase its urban development trajectory and future priorities at the National Urban and Real Estate Development Conclave 2026, to be held on 13-14 February at Yashobhoomi, New Delhi. Led by NAREDCO Maharashtra, the state's participation will highlight its role as one of India's most urbanised regions, supported by sustained infrastructure investment, industrial growth and expanding metropolitan clusters. The discussions will focus on transit-led development, large-scale redevelopment, rental housing, regulatory reforms and technology-driven urban planning. With urbanisation expected to accelerate over the coming decades, Maharashtra's experience across the Mumbai Metropolitan Region, Pune, Nagpur and other emerging cities is expected to offer insights into balancing housing supply, infrastructure delivery and sustainable city growth within a rapidly evolving policy and investment environment.Read more

Mumbai News Desk

09 Feb 2026

Mumbai's premium housing market recorded another high-value residential transaction as an ultra-luxury apartment in Worli was sold for INR 123.5 crore. The property was acquired by Radha Tanti, an angel investor and wife of Suzlon Energy's executive vice chairman. Located in the Artesia tower, the apartment offers a large carpet area along with a private balcony and multiple parking spaces. The deal reflects continued interest in limited high-end homes in central Mumbai despite a cautious buyer environment.Read more

06 Feb 2026

India ranked second globally, after Mainland China, for LEED-certified real estate space outside the United States, according to data released by the US Green Building Council and GBCI. The ranking reflects India's growing focus on sustainability, with around 16 million gross square metres of certified space. Globally, over 7,500 LEED-certified commercial projects were recorded last year. India's performance was driven mainly by higher adoption of LEED for Operations and Maintenance, indicating a shift towards improving energy efficiency in existing buildings across multiple real estate segments.Read more

05 Feb 2026

The Noida International Airport at Jewar is expected to be inaugurated later this month, according to Uttar Pradesh Chief Minister Yogi Adityanath. The greenfield airport, developed through a public-private partnership in Gautam Buddh Nagar, is nearing completion, with the aerodrome licence from the Directorate General of Civil Aviation in its final stage. The project had missed earlier operational timelines due to procedural and construction-related delays. Once operational, the airport will become Uttar Pradesh's fifth international airport and is expected to ease passenger pressure at Delhi's Indira Gandhi International Airport.Read more

Mumbai News Desk

05 Feb 2026

The Maharashtra Housing and Area Development Authority (MHADA) is offering 120 unsold residential flats across Mumbai on a first-come-first-served basis, replacing the lottery system that left these units unclaimed. Online registrations started earlier this week, with the flat selection and payment process set to begin soon. Flats are spread across key suburbs and South Mumbai locations, including Kandivali, Malad, Wadala, Powai, and Andheri. Buyers must pay 10 per cent of the flat price initially, with the remaining amount due within 90 days. The initiative aims to reduce unsold stock and provide ready-to-move-in homes efficiently.Read more