Category: Latest Stories

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CommercialLatest Stories

BA Continuum India signs ₹236-crore lease for Powai office

Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…

IndustryLatest Stories

2025: Soften End-User Demand Amid Rising Prices, Says Parveen Jain

NEW DELHI: India’s residential real estate sector is currently experiencing a price-driven consolidation phase following a robust rebound post-pandemic. While sales activity remains steady, significant increases in land and construction costs, particularly in key markets like Gurugram, are beginning to impact affordability and buyer decisions. Developers are reevaluating their product offerings, anticipating a gradual shift back to mid-segment housing as luxury demand stabilizes, coupled with discussions around policy measures aimed at enhancing affordability. In an exclusive discussion with Ankit Sharma, Parveen Jain, President of Naredco National, elaborates on how soaring land prices and escalating construction costs have altered housing economics,…

CommercialLatest Stories

Tushar Infra and Pantheon Sell Mumbai Property for ₹559.25 Cr

Representative image NEW DELHI: Tushar Infra Developers, helmed by Tusshar Kapoor, in partnership with Pantheon Buildcon, led by Jitendra Kapoor, has successfully sold a commercial property in Chandivali, Mumbai, for ₹559.25 crore. This property, located in Balaji IT Park (DC-10 Building), boasts a built-up area of approximately 30,195 sq. m. (around 3,25,016 sq. ft.), as indicated by property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially recorded in January 2026. Additionally, there was a previous transaction at Balaji IT Park, which took place in May 2025, totalling ₹855 crore. Published…

Latest StoriesResidential

Anant Nagar Plot Registration Open Until January 16: Lucknow

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) has extended the online registration deadline for 637 residential plots in the Anant Nagar housing scheme until January 16, following significant public interest. LDA Vice-Chairperson Prathamesh Kumar made the announcement on Tuesday. The Anant Nagar township, located on Mohan Road, spans 785 acres and features a grid-based layout, broad roads, and underground power lines. Approximately 130 acres is designated for parks and green spaces, alongside a planned Edutech City within the development. In the first two phases, the LDA allocated 666 plots through a lottery, attracting more than 22,000 applicants. The…

Latest StoriesResidential

Tidco Builds Model Homes for Parandur Airport Resettlement

CHENNAI: The Tamil Nadu Industrial Development Corporation Limited (Tidco) has developed model houses for families from 13 villages in Kancheepuram district, as part of the resettlement strategy for the proposed greenfield airport in Parandur. Tidco MD Sandeep Nanduri stated, “We have created model homes of the same size (400 sqft) but with different designs near the primary health centre in Parandur. Villagers are encouraged to visit and select their preferred design.” An audio-visual presentation detailing available amenities such as schools and hospitals in the townships will be played in the houses, alongside information regarding relief packages for families relinquishing their…

CommercialLatest Stories

Honeywell Leases 400,000 Sq Ft at Ecoworld, Bengaluru

Representative image BENGALURU: Honeywell, a US-based technology giant, has signed a lease for 399,220 square feet of office space at Ecoworld in Bellandur through its Indian subsidiary, Honeywell Technology Solutions Lab, as reported by Propstack. This agreement is among the largest single-tenant leases in the tech corridor of Bengaluru. The office, located in Block 5A of Ecoworld, is owned by Arliga Ecoworld Business Parks. The lease, beginning on January 1, 2026, spans a duration of 84 months (7 years). According to the registration document, “The leased space covers multiple levels, from the ground to the second floor, and also the…

CommercialLatest Stories

JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix. Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government. The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai. The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the…

Latest StoriesRegulatory

ED Files Final Report on Ex-MD of Jaypee Infratech’s Fraud

NEW DELHI: On Monday, the Enforcement Directorate (ED) submitted its prosecution complaint, akin to a chargesheet, against former Jaypee Infratech MD, Manoj Gaur. Gaur was arrested on November 13 of the previous year due to a case involving a ₹14,599 crore fraud with homebuyers. He is currently in judicial custody. The complaint was filed with Principal District and Sessions Judge Anju Bajaj Chandna. Meanwhile, a sessions court has scheduled Gaur’s bail plea for a hearing on January 17. The ED has alleged that funds raised from thousands of homebuyers for the completion of residential projects were misused for non-construction purposes,…

IndustryLatest Stories

Property Share files for ₹244 crore IPO of third SM REIT

Illustrative NEW DELHI: Property Share Investment Trust, the first registered Small and Medium Real Estate Investment Trust (SM REIT) in the country, has submitted the draft IPO documents for its third scheme, PropShare Celestia, aiming for an issue size of up to Rs 244.65 crore. The public offering will consist solely of a fresh issue of units, with no components for sale, according to the documents. The underlying asset, Project Celestia, boasts a super built-up area of 2,07,838 sq ft and is fully leased. The property features four main tenants, which include three managed office providers: Smartworks Coworking Spaces, EFC…

Latest StoriesResidential

Suraksha Group finishes 5,989 units in 63 towers

NEW DELHI: Suraksha Group, which took over Jaypee Infratech (JIL) in 2024, has successfully finished construction on 5,989 units across various projects in JIL Wish Town. The company has received occupancy certificates (OCs) for 31 towers, totaling 3,135 units. Suraksha Group has also applied for OCs for an additional 32 towers across several projects, including Kosmos, Klassic, Kensington Boulevard Apartments, Kensington Park Apartments, Kensington Park Heights, and Pebble Court, which collectively comprise 2,854 units. Jash Panchamia, Executive Director of Jaypee Infratech Limited, stated, “We are committed to adhering to the timeline specified in our resolution plan. Our efforts are reflected…