Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

Crude Price Surge Delays Redevelopment Projects in Gujarat

AHMEDABAD: The ongoing conflict in West Asia is beginning to impact Gujarat’s real estate market, leading to a slowdown in redevelopment projects due to increasing construction costs and labor shortages. Industry sources report that many redevelopment negotiations have been stalled as developers reevaluate financial feasibility in light of rising costs. The surge in raw material prices resulting from the conflict has made previous offers untenable, exacerbated by labor shortages that are affecting project timelines. According to Ankur Desai, secretary of CREDAI Ahmedabad, the West Asia war has disrupted the supply of crude-related construction materials, complicating project execution and financial planning.…

CommercialLatest Stories

McKinsey Renews 35,520 Sq Ft Lease in Mumbai’s BKC

Global consulting firm McKinsey & Company has renewed its lease for a Mumbai office spanning four floors in Bandra Kurla Complex (BKC). This move underscores the persistent demand for Grade A office space in India’s most expensive commercial market. The agreement, finalized through three separate contracts, features rentals up to Rs 759 per sq ft per month, marking it as one of the highest office lease rates in the country. The lease, effective from October 1, 2026, encompasses the ground, first, second, and ninth floors at Maker Maxity-1 North Avenue in BKC. The 10-year agreement highlights global landlords’ long-term commitment…

IndustryLatest Stories

Land registration rates to surge in western Hyderabad

HYDERABAD: The Telangana government is targeting an additional revenue of approximately Rs 4,000 crore by revising land values for property registration, with plans to implement these changes by the end of May. The Registration and Stamps (R&S) department is preparing to increase land values by 20% to 100% across the state. According to sources within the R&S department, revenue from non-agricultural property registrations was Rs 15,200 crore in 2025-26, with an updated goal of Rs 19,000 crore anticipated to be met after land value revisions. Buyers will owe 6% in urban areas and 7.5% in rural regions for registration and…

InfrastructureLatest Stories

Notices Issued for Untreated Sewage from Two Dwarka E-Way Projects

Here’s a rewritten version of the content while retaining the essential details: — Representative AI image GURUGRAM: The Haryana State Pollution Control Board (HSPCB) has identified two group housing projects along the Dwarka Expressway that were found bypassing the treatment of untreated effluents. This discovery was made during a review of sewage treatment plants (STPs) in high-rise buildings, leading to the issuance of show-cause notices. The inspections took place shortly after the board initiated a compliance drive aimed at ensuring STPs in the rapidly developing housing societies along the Dwarka Expressway are adhering to environmental regulations, especially in light of…

Latest StoriesRegulatory

Bombay HC Panel: 400K Residents in Risky Buildings

MUMBAI: A committee appointed by the Bombay High Court has described it as a “miracle” that thousands of residents are still living in structurally unsafe buildings. The report raises serious concerns about the deteriorating condition of Mumbai’s ageing cessed structures, citing significant delays in redevelopment and a critical shortage of rehabilitation housing. The committee estimates that around 400,000 tenants occupy 12,552 cessed buildings in Mumbai, many of which are in poor condition and awaiting redevelopment. Prolonged legal disputes and insufficient transit accommodation have forced residents to remain in these unsafe environments. The risks were starkly highlighted when committee members narrowly…

Latest StoriesResidential

Karnataka Order Delay Leaves Homebuyers Frustrated

BENGALURU: Homebuyers and local representatives are eagerly awaiting a proposed meeting of MLAs to discuss the Karnataka Apartment (Ownership and Management) Bill. This proposal, introduced during a recent Assembly session in March 2026, aims to convene all stakeholders to talk about the draft Bill. Despite the anticipation, Deputy Chief Minister DK Shivakumar has yet to initiate the meeting, even after 40 days have passed. Homebuyers urge the state government to expedite the enactment of this law to protect apartment owners’ rights. Sameera Bharadwaj, a resident of Prestige Lake Ridge Apartments, Uttarahalli, expressed frustration at the delays: “The postponement of this…

IndustryLatest Stories

Jaipur: Rajdarbar Complains of Court Order Violation, Illegal Digging

JAIPUR: A private real estate firm has filed a complaint for the alleged violation of a court’s stay order and unauthorized soil excavation on its property in Chimanpura village, as reported by the police on Wednesday. Rajdarbar Developments Private Limited claimed in a complaint submitted last week that despite a stay order from the SDO (South) court in an ongoing dispute, certain individuals unlawfully entered its land and operated heavy machinery for excavation. The firm stated that the incident occurred last week when a local resident, identified as Ramlal Leel, along with accomplices, trespassed onto the property, utilizing JCBs and…

IndustryLatest Stories

Brigade Enterprises’ Net Profit Up 6.51% to ₹724.76 Crore FY26

NEW DELHI: Brigade Enterprises has announced a 6.51% rise in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹724.76 crore compared to ₹680.47 crore recorded in FY25, according to a BSE filing. The company’s net consolidated total income for FY26 was ₹5,909.01 crore, reflecting an 11.21% growth from ₹5,313.54 crore in FY25. In Q4 FY26, the net consolidated total income dipped by 0.60%, standing at ₹1,523.11 crore compared to ₹1,532.29 crore in the same quarter last year. Profit after tax fell by 23.52% to ₹190.70 crore in Q4 FY26, down from ₹249.35 crore in…

Latest StoriesResidential

Mahindra Lifespaces, Sattva Group Unveil Mumbai Projects

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development segment of the Mahindra Group, has unveiled a new residential project named Mahindra BeaconHill located in Mahalaxmi, South Mumbai. The project boasts a potential Gross Development Value (GDV) of approximately ₹1,650 crore. Spanning 1.68 acres, this 58-storey structure will offer 198 upscale residences, available in three types: three BHK, 3.5 BHK, and four BHK. In another announcement, Sattva Group has introduced its inaugural residential project in Mumbai – Sattva Sumera, with a Gross Development Value (GDV) of ₹5,500 crore. This development is situated in Parel. Covering a two-acre…

IndustryLatest Stories

Alpha Corp Acquires Earth Infrastructures’ Stalled Projects

NEW DELHI: Alpha Corp Development has successfully taken over three stalled projects from Earth Infrastructures via the resolution process under the National Company Law Tribunal (NCLT). This acquisition is expected to offer relief to more than 3,000 impacted homebuyers and commercial space buyers. The projects involved include two commercial developments—Earth TechOne and Earth Sapphire Court in Greater Noida—and one residential project, Earth Copia in Gurugram. The company plans to invest around ₹750 crore for completion, redevelopment, infrastructure improvements, and project delivery, anticipating revenue potential of about ₹1,200 crore. On May 5, 2026, the Supreme Court of India reinstated Alpha Corp…