IndustryLatest Stories

Construction of Technopark’s QUAD Project Starts January 2026

THIRUVANANTHAPURAM: The construction of Technopark’s QUAD project will commence next month, representing a significant advancement in Kerala’s largest IT township initiative. As site preparation starts for the flagship building, Technopark has released an expression of interest (EOI) seeking private co-developers to assist in creating additional top-tier IT and commercial spaces within the QUAD campus. The EOI process will include a clarification meeting to address queries from interested developers, scheduled for both online and offline formats at 4 PM on December 30. Proposal presentations will follow from 11 AM on January 5, 2026. Complete EOI information can be found on the…

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Real Estate Institutional Investments to Exceed $10B by 2025: JLL

NEW DELHI: Institutional investments in India’s real estate market are projected to surpass $10 billion for the first time in 2025, reaching approximately $10.4 billion through 77 transactions, according to JLL’s report. This marks a 17% year-on-year increase from the $8.9 billion noted in 2024, marking the second successive year of record investment inflows. This achievement highlights ongoing institutional interest in Indian real estate, fueled by enhanced market transparency, stable asset performance, and a wider investor base. Beyond completed transactions, the sector also experienced platform commitments of about $11.4 billion in 2025, intended for deployment over the next three to…

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Ambuja Neotia to Revive Usshar Project in Batanagar, Kolkata

NEW DELHI: Ambuja Housing & Urban Infrastructure Company (AHUICL), a subsidiary of Ambuja Neotia Group, has secured approval from the National Company Law Tribunal (NCLT) to acquire the Usshar Project in Batanagar as part of a parcel-wise resolution for the corporate debtor Riverbank Developers. According to the resolution plan endorsed by a division bench of NCLT, Kolkata, under the Insolvency and Bankruptcy Code (IBC), AHUICL will assume control of the asset parcel comprising the Usshar residential project, which spans approximately 9.4 acres. As outlined in the approved plan, the company will make an upfront payment of ₹34 crore, with the…

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Delhi’s Baansera Cafe Among 150 Plots Up for E-Auction

NEW DELHI: The Delhi Development Authority (DDA) plans to auction over 150 sites and plots at the end of next month, as part of its efforts to enhance revenue by monetizing vacant lands and assets. The available properties will include residential, industrial, institutional, and group housing projects, as well as commercial spaces, kiosks, and food courts, featuring a café at Baansera. The significant e-auction scheme, introduced on the DDA’s foundation day, will begin registrations on December 30 for plots situated in prime locations. Officials indicate that these sites are categorized under 11 groups and comprise both reclaimed and newly identified…

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IT Investment Boosts Visakhapatnam Plot Prices by 60%

Representative image VISAKHAPATNAM: Land and plot auctions by the Visakhapatnam Metropolitan Region Development Authority (VMRDA) reflect public interest in the city’s real estate. The recent auctions on December 17 and 18 for remaining plots in middle-income group (MIG) layouts gained attention, driven by nearly ₹2.5 lakh crore in investments announced in Anandapuram, Kapuluppada, and Rushikonda, particularly in IT and digital infrastructure. At the Palavalasa MIG layout, located three kilometers from Tarluwada village—where Google’s data center is being established—prices soared. Seven plots, initially priced at ₹14,500 per square yard, saw bids rise significantly, with the highest reaching ₹23,700 (a 64% increase),…

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Rajasthan Developer Claims Officials Altered Land Ownership

JAIPUR: A real estate developer from Jaipur has accused officials of the Jaipur Development Authority (JDA) of tampering with land records and illegally modifying the ownership of a specific land parcel. Rajdarbar Pinkcity Developers Pvt Ltd filed a complaint with the JDA Commissioner, stating that the firm purchased approximately 3.14 hectares of agricultural land in Jayasinghpura Bas village near Bhankrota in 2005, supported by registered sale deeds. The company claims that it followed all legal protocols, including the surrender of land as per the Rajasthan Land Revenue Act, which were approved by the JDA the same year. In January 2021,…

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NBCC India, Delhi Govt Resolve Ghitorni Land Dispute

Representative AI image NEW DELHI: The state-owned NBCC (India) Ltd has finalized a settlement with the Government of National Capital Territory of Delhi (GNCTD) to resolve long-standing litigation regarding a 42.46-acre land parcel in Sultanpur–Ghitorni village, south Delhi. As part of the agreement, the land will be split evenly between NBCC and GNCTD, with the company receiving a 21.23-acre portion. NBCC is set to pay a one-time land premium of ₹135 crore, joined by a lump-sum interest of ₹15 crore, totaling ₹150 crore to the GNCTD’s Land & Building Department for dues related to its share of the land. Additionally,…

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Mumbai Real Estate Developers to Pause for Civic Elections

MUMBAI: Real estate developers in the Mumbai Metropolitan Region, which includes Mumbai, Thane, and Navi Mumbai, are currently adopting a cautious approach to project approvals and amendments due to the upcoming municipal elections and the implementation of the Model Code of Conduct. This comes despite steady housing demand in the area. Although there has been no official halt on construction-related permissions, industry stakeholders indicate that administrative processes typically slow down during civic election periods, as many officials are preoccupied with election duties. This has led developers to adjust their timelines for various discretionary approvals, such as revised commencement certificates, layout…

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Amaravati Real Estate Revives, But Affordability Woes Persist

Representative AI image VIJAYAWADA: As 2025 approaches its end, the real estate market in Amaravati, the capital of Andhra Pradesh, is experiencing a significant revival. Developers, investors, and homebuyers are growing increasingly optimistic about the opportunities that 2026 will bring. After enduring years of policy ambiguity and stagnation, Amaravati is once again emerging as an attractive investment location, thanks to accelerated infrastructure development, clear policy frameworks, and on-the-ground execution. Ongoing large-scale projects including government buildings, roads, housing developments, and utility infrastructure are steadily progressing, instilling renewed confidence among stakeholders. Unlike previous phases marked by mere announcements, this current momentum is…

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Crisil: REIT Gross Asset Value to Surge 35-40% This Fiscal

NEW DELHI: According to Crisil Ratings, the gross asset value (GAV) of domestic real estate investment trusts (REITs) is projected to rise by 35-40% by the end of fiscal 2027, up from September 2025, driven by new asset additions and the introduction of another REIT. Stable rental income growth, along with diversification and regulated leverage, will support steady credit profiles. REITs generally grow their asset base either through the development of new projects—limited to 20% by regulations—or by acquiring existing operational assets. Gautam Shahi, director of the firm, stated, “Currently, under-construction assets make up just 5% of total GAV for…