23 Jan 2025

Sidhant Real Estate, led by DLF chairman Rajiv Singh and his family, has purchased a bungalow on Prithviraj Road in Lutyens' Delhi for INR 150 crore. The seller, Rangoli Resorts, directed by Sheela Foam executive chairman Rahul Gautam and his family, also bought a bungalow on Hailey Road for INR 165 crore. Stamp duty payments for these high-value transactions were recorded at INR 10.5 crore and INR 11.55 crore, respectively. The deals, registered last year, reflect the continued demand for ultra-luxury real estate in New Delhi's prime locations.Read more

23 Jan 2025

Bollywood actor Hrithik Roshan has leased a 2,727 sq ft commercial property in Mumbai's Lotus Corporate Park, Goregaon, for INR 5.62 lakh per month. This deal underscores the growing demand for premium office spaces in strategic business hubs. In a separate transaction, playback singer Stebin Ben purchased a luxurious duplex apartment in Bandra's Iconic 7 Co-op Housing Society for INR 6.67 crore, reflecting the sustained appeal of upscale residential properties in Mumbai's prime localities. These high-profile transactions highlight key trends in Mumbai's real estate market, with rising interest in both modern commercial spaces and luxury homes in sought-after areas.Read more

23 Jan 2025

Apple Inc. has leased 6,526 sq. ft. of office space in Mumbai's Bandra-Kurla Complex (BKC) at a record-breaking INR 738 per sq. ft., the highest office rental rate in India. The deal, registered in December 2024, includes an additional 2,126 sq. ft. of terrace space, bringing the effective rate to INR 666 per sq. ft. This move highlights Apple's growing focus on India, following its flagship store launches in 2023. The expansion aligns with India's booming office market, which saw a 23% rise in gross leasing in 2024, reinforcing Mumbai's status as a prime business hub.Read more

Arun Nair

22 Jan 2025

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has reshaped the real estate landscape in Hyderabad by aggressively addressing illegal constructions and encroachments. With actions such as demolitions on lake buffer zones, unauthorised high-rises, and encroached public assets, HYDRAA has reclaimed nearly 200 acres and resolved thousands of complaints. While the initiative has brought regulatory rigour, it has also heightened awareness among property buyers, prompting them to demand transparent legal documentation. Real estate developers have adjusted strategies to comply with regulations. However, HYDRAA's stringent measures have also sparked debates about their scientific rationale and implementation. While challenges remain, HYDRAA's mission reflects a commitment to building a future where Hyderabad grows responsibly and sustainably.Read more

22 Jan 2025

Adani Road Transport has become the highest bidder for the National Highways Authority of India's (NHAI) 15th bundle of highway assets under the Toll Operate Transfer (ToT) model, with a bid of INR 1,692 crore. The 124-kilometre stretch, comprising highways in Tamil Nadu, is part of NHAI's broader monetisation strategy, aiming to generate INR 54,000 crore this fiscal year. NHAI has already crossed INR 1 trillion in asset monetisation under the National Monetisation Plan, showcasing its focus on alternate financing strategies amidst debt repayment efforts.Read more

22 Jan 2025

Amitabh Bachchan has sold his duplex apartment in Mumbai's Oshiwara for INR 83 crore, marking a 168% appreciation from his 2021 purchase price of INR 31 crore. The luxurious 5,186 sq. ft. property, part of Crystal Group's The Atlantis, was previously rented to actress Kriti Sanon. Bachchan's real estate investments span luxury residences and commercial spaces, including recent acquisitions in Borivali, Alibaug, and Ayodhya. His strategic investments, including leasing commercial units to Warner Music India, reflect a well-planned approach to maximizing returns in Mumbai's booming luxury real estate market, further cementing his role as a savvy property investor.Read more

Jay Chhabria

21 Jan 2025

The 594-km Ganga Expressway, connecting Meerut to Prayagraj, has achieved 69% completion, with major construction milestones reached, including 91% earthwork and 71% wet mix macadam. Developed under the DBFOT model with a cost of INR 40,000 crore, the project promises to boost connectivity and economic growth in Uttar Pradesh. The expressway will feature two major bridges, a 3.5-km airstrip, and 15 toll plazas. Expected to enhance tourism and trade, it is a key component of Uttar Pradesh's $1 trillion economy roadmap. Future phases aim to expand connectivity to Ballia and Uttarakhand, further strengthening regional infrastructure.Read more

Vidhi Sangoi

21 Jan 2025

The Mumbai Coastal Road Project (MCRP), a transformative 29.20-km expressway connecting South Mumbai to Kandivali, has achieved 69% completion, with major milestones in earthwork, granular sub-base, and undersea tunnel construction. Designed to reduce travel time from two hours to 40 minutes, the project incorporates eco-friendly measures, including carbon emission reduction and coastal green spaces. Estimated at INR 12,700 crore, MCRP promises economic growth and tourism benefits while addressing environmental concerns. Despite delays due to COVID-19 and land acquisition challenges, authorities remain optimistic about timely completion, positioning Mumbai as a leader in sustainable urban infrastructure.Read more

21 Jan 2025

GECOM International has acquired a luxury triplex apartment at Signature Island in Mumbai's Bandra-Kurla Complex (BKC) for approximately INR 100 crore, reflecting the city's booming high-end real estate market. The 11,295 sq. ft. residence comes with ten parking slots and a stamp duty payment of nearly INR 6 crore. Signature Island, home to business tycoons and celebrities, continues to attract elite buyers. Mumbai's luxury property segment is witnessing record growth, with increased demand from industrialists and foreign investors. GECOM's purchase underscores the city's evolving real estate landscape, driven by rising wealth and a preference for exclusive living spaces.Read more

20 Jan 2025

Kolkata Metro authorities have proposed a 1.6 km extension of the Joka-Esplanade Purple Line to include a new station at Eden Gardens. Submitted to the Railway Board for approval, the extension will directly connect the stadium area to the metro network, benefiting cricket and football fans, commuters to Strand Road, Babughat, and BBD Bag. This addition replaces plans for a long subway, offering faster access and reducing congestion. With the metro currently serving 750,000 daily passengers, this project promises enhanced connectivity and environmental benefits, including preserving trees near Strand Road. Eden Gardens station is poised to become a vital transport hub.Read more