News

The Maharashtra government is driving urban progress with a Rs. 5,000-crore land records digitization project, starting with 10 cities like Baramati and Pandharpur. The initiative replaces outdated property tax and deed systems with transparent, updated land records.

Morningstar, a leading American financial firm, has leased 300,000 sq ft at Vishwaroop IT Park, Vashi, for ₹38 crore annually with a 5% yearly hike. The 10-year deal, totaling ₹450 crore, highlights Navi Mumbai's rise as a commercial and IT hub, driven by its strong infrastructure and connectivity.

Gurugram's luxury real estate sector has reached a remarkable milestone with the ₹190 crore sale of a penthouse at DLF’s The Camellias. This record-breaking deal highlights India’s growing economic strength and the rising demand for ultra-luxury properties.

DLF appoints Badal Bagri as Group CFO, effective December 6, to strengthen its commitment to financial excellence and efficiency.

The real estate sector in Tier-II Indian cities experienced remarkable growth between January and September 2024.

K Raheja Corp has added the iconic Bayside Mall to its portfolio. Located in South Mumbai's plush Tardeo locality, the mall spans over one-third of an acre and boasts a built-up area of 17,345 sq ft.

Urban India's socio-economic landscape is undergoing a dramatic shift. According to Kantar’s ‘India at Crossroads’ report, the number of affluent households in cities has jumped by 86% from 2019 to 2024.

The Rural Development Ministry allocated 3.8 million houses under PMAY-G for FY25, part of a 5-year plan to build 20 million homes and transform rural housing in India.

The iconic American Center, a ground-plus-seven-storey structure in South Mumbai, has been acquired by HoABL Infraworld Pvt Ltd, led by Abhinandan Lodha, for ₹56 crore. Spanning 1,337 square meters with a development potential of 60,000 square feet, this deal is a milestone in Mumbai real estate.

Microsoft India has acquired 121,000 square yards in Nandigama, Hyderabad, from Natco Pharma for ₹181.25 crore, as recorded in a Propstack sales deed, signaling its growing regional focus.

Mumbai tackles parking woes with robotic towers, including a 14-story facility at Mumbadevi, and 500 new on-street options to manage over 4.3M vehicles.

The real estate market can be tricky, especially for new buyers or investors. This Ghar glossary simplifies key terms on property types, measurements, finances, legalities, and features—making property decisions smarter and stress-free.

Indian corporates are leveraging the real estate boom by monetising non-core assets, unlocking capital, reducing debt, and boosting financial health. This strategy sharpens focus on core operations while driving economic growth through infrastructure and job creation.

The luxury housing market in Mumbai and six other major Indian cities witnessed significant growth between April and September 2024, with total sales reaching ₹2,78,309 crore. This marked an 18% increase compared to the same period last year, with average prices for luxury homes surpassing ₹1.23 Cr.

Incuspaze is gearing up for a public listing with a $25M pre-IPO round and plans to invest ₹100 crore to expand across Delhi-NCR, Pune, Bengaluru, and Hyderabad, capitalizing on India’s booming demand for flex spaces.