Category: Latest Stories

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IndustryLatest Stories

Pune: Talathi, Officer Block Mutation Plea Due to Lapses

PUNE: The inquiry report on the Mundhwa land issue, led by Vikas Kharge, reveals that local revenue officials, including the talathi and circle officer, initially identified irregularities in the contentious sale and halted the mutation in their records. However, procedural oversights and a lack of notification to higher authorities later compromised scrutiny. The report indicates that approximately 45 acres of government land, identified as survey no. 88 in Mundhwa, was registered on May 20, 2005, at the Haveli sub-registrar’s office in favor of Amadea Enterprises LLP for ₹300 crore, encompassing 17 hectares of land. On May 21, 2005, partner Digvijay…

IndustryLatest Stories

PE Inflows in Indian Real Estate Surge 59% to $6.7B by 2025

NEW DELHI: Private equity investments in Indian real estate surged 59% year-on-year to reach $6.7 billion in 2025, fueled by high demand in core asset classes and a favorable macroeconomic environment, according to a recent report by Savills India. Office assets received the largest investment share, totaling $2.4 billion, or over 35% of the total influx, supported by steady leasing activity. The data center and residential segments contributed 23% and 21% respectively, showcasing a growing investor interest in digital infrastructure and housing. Foreign investors accounted for a substantial 76% of total inflows at $5.1 billion, reflecting continued global confidence in…

Latest StoriesResidential

Lulu Group buys Sunder Nagar bungalow in Delhi for ₹89.5 crore

NEW DELHI: Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International and exporter of meat, fruits, and vegetables, has purchased a bungalow in Delhi’s Sunder Nagar for Rs 89.5 crore, according to official documents. Najimudeen Ebrahimkutty, Chief Executive Officer (CEO) of Fair Exports, was involved in the transaction. The company also paid Rs 6.26 crore in stamp duty for this deal. “The seller, Kuldeep Singh Lamba, is currently living abroad, which delayed the documentation process. Lulu Group has been searching for residential property in Lutyens Delhi for quite some time,” shared a source familiar with the transaction. Sunder…

Latest StoriesResidential

Crisil: FY27 Housing Sales Growth to Slow to 4-6% Amid High Prices

NEW DELHI: Crisil Ratings predicts that residential real estate sales growth will moderate to 4–6% in FY27, following a robust post-pandemic surge, as rising property prices affect demand. After achieving a compound annual growth rate of 26% in sales value from FY22 to FY25, growth is projected to slow to 5-7% for FY26. Gautam Shahi, director at Crisil, remarked, “The ongoing rise in housing prices is likely to lead to stagnant demand growth of 0–2% in FY27, despite supply continuing to outpace demand.” Inventory levels are anticipated to increase to 3.2–3.4 years in FY27, compared to under three years in…

Latest StoriesResidential

Mumbai: Apply Today for 2,640 MHADA Flats; Draw on May 15

Representative Image MUMBAI: MHADA’s Mumbai Board has announced a lottery for the sale of 2,640 apartments in the city. The application process begins today, March 30, with the lottery draw scheduled for 11:00 AM on May 15. The apartments are located in several areas, including Kannamwar Nagar in Vikhroli, Patra Chawl in Goregaon, Old Magathane in Borivali, Gorai Borivali, Subhash Nagar in Chembur, Gandhi Nagar in Bandra, Pant Nagar in Ghatkopar, Girgaum, Wadala, Kopri in Powai, Mazgaon, Tunga in Powai, Lokmanya Nagar in Dadar, Pahadi Goregaon, and Antop Hill Wadala. Of the total flats, 145 are available for the Economically…

Latest StoriesRera

Haryana RERA Orders Refund with Interest in BPTP Park Terra

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has instructed BPTP Limited to refund ₹18.12 lakh along with 2% interest to a homebuyer of its Park Terra project in Sector 37D. This decision came after BPTP’s claim that the complaint was lodged too late was dismissed. The ruling, dated March 12, 2026, pertains to two complaints from Salaj Ahlawat, the allottee. As per the order, Ahlawat secured two units in 2012 and paid ₹18.12 lakh from a total of ₹88.77 lakh. The builder-buyer agreement, signed in December 2012, stipulated that possession was to be granted by December 29, 2016, a…

IndustryLatest Stories

Golden Growth Fund Buys Land in Gulmohar Park, South Delhi

Representative AI image NEW DELHI: The Golden Growth Fund (GGF), a Category II real estate-focused alternative investment fund, has secured a land parcel in South Delhi’s Gulmohar Park for a residential project with an expected revenue potential of approximately ₹100 crore. The project will be constructed on a 500 sq yd site, offering a total built-up area of around 20,000 sq ft, which will include four independent floors. Grovy India will oversee the development. This marks the fund’s third acquisition in South Delhi since its inception in September 2024, following investments in Anand Niketan and Neeti Bagh. The acquisition aligns…

InfrastructureLatest Stories

Pimpri Chinchwad: Developers Failing to Supply Water to Societies

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has announced strict measures against developers who fail to supply water to housing societies despite previously submitted commitments. Officials noted that in areas with insufficient municipal water supply, builders had guaranteed they would provide water to residents until the municipal infrastructure was fully operational. Unfortunately, many complaints have arisen indicating that these commitments have not been met. The issue was addressed during a meeting at the divisional commissioner’s office, which involved officials from PCMC, Pune Municipal Corporation (PMC), and PMRDA, in relation to a public interest litigation currently pending in the Bombay High…

InfrastructureLatest Stories

Prayagraj to Establish Project Unit for Efficient Urban Development

PRAYAGRAJ: The Prayagraj Development Authority (PDA) is preparing to set up a project management unit (PMU) tasked with developing structured and technically sound plans for the ongoing and future residential projects. This initiative aims to integrate essential infrastructure—such as sewer lines, roads, and drinking water pipelines—right from the planning stages. Following the successful models implemented in cities like Lucknow, Gorakhpur, Ayodhya, Agra, and Kanpur, the PMU will include professionals with strong backgrounds in civil engineering and urban planning. The authority plans to issue a tender to appoint the PMU for an initial one-year term, with the process expected to commence…

CommercialLatest Stories

Office Leasing Jumps 15% to 18.3M Sq Ft in Q1 2026: Colliers

NEW DELHI: Office leasing in India’s top seven cities surged 15% year-on-year to 18.3 million sq ft in Q1 2026, fueled by demand from technology companies, BFSI sectors, and global capability centers (GCCs), as reported by Colliers India. Bengaluru and Hyderabad combined accounted for nearly half of the total leasing this quarter, totaling about 8.7 million sq ft. Other key markets, including Mumbai, Delhi-NCR, Pune, and Chennai, saw a steady absorption of 2-3 million sq ft each of Grade A spaces. Arpit Mehrotra, Managing Director of Office Services in India for Colliers, remarked, “India’s office demand exhibits strong resilience, with…