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Embassy Developments to invest ₹4,500 crore in Mumbai housing

NEW DELHI: Embassy Developments (EDL) is planning to invest about ₹4,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) with three residential projects in Worli, Juhu, and Alibaug. The total gross development value (GDV) of these three projects will exceed ₹12,000 crore, encompassing a combined carpet area of approximately 1.58 million sq ft. Project launches are anticipated to start in the fourth quarter of FY26. In Worli, EDL is set to develop an ultra-luxury residential project featuring a carpet area of around one million sq ft and an estimated GDV of over ₹8,800 crore. This development will…

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Noida Rejects Wiztown Planners’ Layout for Sports City Violations

NOIDA: In 2022, the Noida Authority rejected a modified layout from Wiztown Planners for the Sector 150 plot, where a 27-year-old software engineer tragically drowned last Saturday night. The Authority deemed the layout inconsistent with the integrated Sports City scheme, perceiving it as more of a commercial complex rather than a sports-oriented development. The 27,185 sqm plot, SC-02/A3, is a part of the Sports City project in Sector 150, which was designed over a decade ago to create cohesive districts emphasizing sports infrastructure. The planning guidelines stipulate that sports and recreational areas should dominate 70% of the land use, with…

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RMZ Plans $10 Billion Investment in Andhra Pradesh Over 5-6 Years

NEW DELHI: RMZ has reached an agreement with the government of Andhra Pradesh for an investment of around USD 10 billion into mixed-use, digital, and industrial infrastructure across the state over the next five to six years. The collaboration was revealed at the World Economic Forum Annual Meeting 2026 in Davos. As part of this partnership, RMZ will establish a Global Capability Center at the Kapuluppada Phase-1 IT Park in Visakhapatnam, with a potential built-up area of up to 10 million sq ft over roughly 50 acres. Furthermore, a hyperscale data center cluster is planned for the Visakhapatnam area, aiming…

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Realty Investment Hits ₹69,000 Crore in UP, Up 53%: RERA Chief

NEW DELHI: The real estate sector in Uttar Pradesh has experienced a remarkable 53% increase in investments, soaring to ₹69,000 crore in 2025, as reported by UP RERA Chairman Sanjay R Bhoosreddy on Tuesday. Bhoosreddy attributed this growth to the state’s investor-friendly policies, which also led to a noticeable uptick in RERA applications for new projects during the ICC Real Estate Summit 2026 in the national capital. “Investment in the real estate sector was ₹29,000 crore in 2023, driven primarily by real estate promoters. This figure rose to ₹45,000 crore in 2024 and has further increased to ₹69,000 crore this…

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EAAA India Submits ₹1,500-Crore IPO Papers to Sebi

NEW DELHI: EAAA India Alternatives, a division of Edelweiss Financial Services, has submitted preliminary documentation to the market regulator Sebi to raise ₹1,500 crore through an initial public offering (IPO). The planned issuance will be completely an offer-for-sale (OFS) by Edelweiss Group, as outlined in the draft red herring prospectus (DRHP) filed on Monday. Consequently, the company will not receive any funds from the IPO; the entire amount will be directed to the selling shareholder. Founded in 2008, EAAA India Alternatives ranks among India’s top alternatives platforms, boasting over 15 years of expertise in managing long-term, patient capital. As of…

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Lokhandwala Complex in Mumbai Set for Redevelopment Expansion

MUMBAI: In 1984-85, construction began sweeping through the lush mangroves and marshlands of Andheri West, leading to the establishment of a premium housing estate. Now, 41 years later, Lokhandwala Complex is experiencing a new wave of redevelopment driven by necessity and the Fear of Missing Out (FOMO). Divided into four parallel lanes, Lokhandwala is a self-sufficient township with hundreds of shops catering to all needs, from basic essentials to luxury items. Now, the skyline is set to shift. From the Svati building—site of the notorious 1991 Lokhandwala shootout—to Apna Ghar societies and beyond, demolition and new construction are accelerating, with…

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L&T Realty Buys Land in Lower Parel, Mumbai for ₹448.6 Crore

Representative image created by AI MUMBAI: L&T Realty Developers, the realty arm of engineering and construction giant Larsen & Toubro, has acquired a prime land parcel in Lower Parel-Elphinstone Road, a key business district, for ₹448.6 crore through a deed of assignment. Of the total amount, ₹300 crore will be paid in cash, while the remainder will be settled through an area-sharing agreement that includes 55,000 sq ft of RERA carpet non-residential space and corresponding car parking. The land acquisition, spanning 1.34 acres, was executed on January 9, and involves obtaining land rights from AVA Smart City LLP, according to…

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Stable Liquidity and Office Demand Boost Q4 2025 Real Estate Sentiment

NEW DELHI: According to the Knight Frank-NAREDCO Real Estate Sentiment Index, sentiment in India’s real estate market stabilized in the October–December quarter of 2025, with both current and future outlooks remaining positive. The Current Sentiment Score for Q4 2025 rose to 60, an increase from 59 in the previous quarter, while the Future Sentiment Score held steady at 61, indicating balanced expectations for the next six months. Although these levels are lower than the peaks recorded in 2023-24, they suggest a market buoyed by stable macroeconomic conditions, decreasing inflation, and availability of funding. The report highlights that enhanced economic clarity…

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Oberoi Realty Q3 FY26 Profit Edges Up to ₹622.64 Crore

NEW DELHI: Oberoi Realty announced a slight increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹622.64 crore in Q3 FY26, compared to ₹618.38 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 stood at ₹1,561.74 crore, reflecting a growth of 6.95% from ₹1,460.27 crore in the corresponding quarter last year. As of December 31, 2025, Oberoi Realty’s net worth was recorded at ₹17,289.66 crore, with a debt-equity ratio of 0.17. The current liability ratio was…

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Delhi to upskill 1.2 lakh registered construction workers

NEW DELHI: The Delhi government has initiated a skill training program for 120,000 construction workers as part of the newly adopted Code of Social Security, aiming to boost their efficiency and job opportunities, officials reported on Monday. The Delhi Building and Other Construction Workers Welfare (DBOCWW) Board is responsible for the welfare of registered workers in the capital. The training is crucial for construction workers, particularly as they represent one of the most vulnerable segments of the labor force, often migrating from various regions, mainly rural areas, to Delhi for work, stated a senior official from the Delhi government. The…