Category: Latest Stories

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Latest StoriesResidential

Bengaluru Resident Files Lokayukta Complaint Over Deed Delay

Representative AI image BENGALURU: A resident has approached the Karnataka Lokayukta, claiming that the amended deed of declaration (DoD) for Sobha Aspire apartments in Nagasandra was registered without consent from all apartment owners or proper authorization. The complaint was filed by Subhash S. Shetty, an apartment owner, regarding an amended DoD registered at the Peenya sub-registrar’s office on March 3, 2023. Shetty alleges the document was executed by someone posing as the “grantor” without valid authority, residents’ approval, or necessary documentation. In response to Shetty’s allegations of fraud, forgery, and illegal registration, the district registrar of Rajajinagar instructed the Peenya…

Latest StoriesResidential

Nagpur Launches 910 Affordable Homes in Two Housing Projects

NAGPUR: Union Minister Nitin Gadkari and Chief Minister Devendra Fadnavis inaugurated projects worth nearly Rs 673 crore throughout Maharashtra, particularly highlighting Nagpur. These initiatives focus on affordable housing and railway infrastructure, revealed during two events in the city. A key moment was the bhoomipuja for two housing projects by the Nagpur Municipal Corporation (NMC) at Mouza Nari, involving a total investment of Rs 188.77 crore. This includes the Rs 91.45 crore Maharshi Sudarshan Balmiki Vasahat, a housing colony for sanitation workers, and the Rs 97.32 crore Swapnapurti project under Pradhan Mantri Awas Yojana (Urban) 2.0, catering to economically weaker section…

Latest StoriesResidential

Factories Transform into Townships with Worker Housing in MP

Representative AI image BHOPAL: With manufacturing units expanding across Madhya Pradesh, industries in Jetapur, Ratlam, Dhar, Ujjain, and Bhopal are increasingly establishing residential blocks within their factory premises. This shift underscores a move towards integrated industrial campuses. Numerous companies have notified the industries department about plans to build housing for workers on their designated industrial land, aiming to lessen commute times and enhance employee retention. The trend is gathering pace in both established and emerging industrial hubs, where companies are asserting that quality housing is as crucial as road, power, and water infrastructure. Employees will benefit from reduced commuting time,…

Latest StoriesResidential

Mumbai housing sales up 1% to 47,355 units in H1 2026

NEW DELHI: Mumbai experienced housing sales of 47,355 units in the first half of 2026, marking a slight increase of one percent year-on-year, as reported by Knight Frank India. New launches saw an eight percent year-on-year rise, totaling 49,161 units during this timeframe, in line with moderated activity observed in 2025. The report indicates that the increase in supply was primarily driven by end-user demand. Unsold inventory fell by four percent year-on-year, bringing it down to 157,410 units in H1 2026. The time required to sell this inventory was 6.5 quarters, with an average age of unsold units at 19…

Latest StoriesResidential

Bengaluru Housing Sales Up 5% to 27,968 Units in H1 2026

NEW DELHI: Bengaluru recorded housing sales of 27,968 units in the first half of 2026, reflecting a five percent increase compared to the previous year, according to a Knight Frank India report. New launches totaled 34,749 units during this period, marking a four percent year-on-year rise. However, there was a sequential decline in launches by 1.4%, and sales also fell by three percent. According to Knight Frank, the slowdown in residential launches and sales can be attributed to rising property prices, affordability issues in key micro-markets, and a more cautious stance from both developers and homebuyers. The average residential price…

Latest StoriesResidential

Hyderabad Housing Sales Up 1% to 19,249 Units in H1 2026

NEW DELHI: In the first half of 2026, Hyderabad saw housing sales of 19,249 units, reflecting a 1% year-on-year increase, as reported by Knight Frank India. New launches decreased by 2% year-on-year to 20,466 units in this period. The report indicates that this slowdown is attributed to a more cautious approach from developers, amid stricter regulations, including the implementation of HYDRAA. The average residential prices increased by 7% year-on-year to ₹8,258 per sq ft in H1 2026, compared to ₹8,200 per sq ft in 2025. Knight Frank noted that the demand for housing in Hyderabad is largely driven by end-users,…

CommercialLatest Stories

India Office Leasing Falls 2% to 48M Sq Ft in H1 2026

Representative AI image NEW DELHI: In the first half of 2026, office leasing in India’s top eight cities reached 48 million sq ft, representing a slight two percent decline compared to the previous year, according to Knight Frank India. However, supply additions surged by 35 percent year-on-year, totaling 27.1 million sq ft during this period. The total office stock in these markets increased to 1,054.6 million sq ft, marking a six percent annual growth. Vacancy rates remained relatively stable, dipping slightly by 12 basis points year-on-year to 14.6 percent in H1 2026. Bengaluru led the office leasing market with 14.1…

CommercialLatest Stories

NCR Office Leasing Drops 1% to 7.2M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, the National Capital Region (NCR) saw gross office leasing reach 7.2 million sq ft, reflecting a slight one percent decrease compared to the previous year, as detailed in a report by Knight Frank India. Office completions amounted to four million sq ft during this timeframe, marking a two percent decline year-on-year. Overall, the total office stock in NCR has risen to 208.1 million sq ft, registering a five percent annual increase. Average transaction rents saw a significant rise of 13 percent year-on-year, reaching ₹106 per sq ft per month in H1 2026.…

CommercialLatest Stories

Mumbai Office Leasing Jumps 33% to 7.3M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Mumbai’s gross office leasing reached 7.3 million sq ft, marking a 33% year-on-year increase, as reported by Knight Frank India. This notable growth is attributed to significant institutional transactions and strong demand from global capability centers (GCCs), BFSI firms, and third-party IT/ITeS occupiers. Office completions, however, saw a 30% decline year-on-year, totaling 1.6 million sq ft during this period. Mumbai’s overall office stock increased by 3% year-on-year, reaching 173.8 million sq ft. Vacancy rates dropped by 205 basis points year-on-year to 15.6% in H1 2026 due to heightened leasing activity and reduced…

CommercialLatest Stories

Bengaluru Office Leasing Drops 23% to 14.1M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Bengaluru reported office transactions totaling 14.1 million sq ft, reflecting a 23% drop year-on-year, as per a Knight Frank India report. This decrease is attributed to a high benchmark set in H1 2025, which included 8.3 million sq ft of pre-commitment transactions. Notably, excluding these pre-commitments, Bengaluru achieved its highest half-yearly leasing volume, the report highlighted. Office completions surged by 407% from the previous year, reaching 10.4 million sq ft in H1 2026 as numerous large-scale projects that faced delays were finally completed. The total office inventory in Bengaluru increased to 254…