Category: Latest Stories

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IndustryLatest Stories

YEIDA earns ₹389 crore from Noida airport plot e-auction

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) raised a total of ₹389 crore from the e-auction of three group housing plots spanning approximately 13 acres. The combined reserve price for these plots was set at ₹283 crore, with final bids surpassing this figure by ₹106 crore, significantly boosting the authority’s revenue from the auction held on Friday. Provence Developers acquired one plot with a bid of ₹95 crore, Eldeco Infrastructure & Properties bid ₹105 crore, and Northwind Estate topped the auction with a bid of ₹189 crore. With these latest three allocations, the total number of…

InfrastructureLatest Stories

Gurugram Residents Protest C&D Waste Plants in New Sectors

GURUGRAM: Residents of the new sectors along Dwarka Expressway are opposing two proposed construction and demolition (C&D) waste processing plants. On Monday, they submitted a letter to the MCG commissioner, requesting the withdrawal of the proposal for facilities in sectors 103 and 106, arguing that the decision ignores planning standards and public health concerns. They are calling for the relocation of these facilities away from residential areas and threatened to escalate their protests if the civic body does not reconsider its plans. The municipal corporation intends to establish two C&D waste collection centers – one in Babupur, Sector 106, and…

CommercialLatest Stories

Mumbai’s Office Space Costs Soar 8% in Q4 2025

NEW DELHI: Mumbai experienced an 8% quarter-on-quarter rise in net effective all-in occupier costs between Q3 and Q4 2025, marking the highest increase among 40 global cities in Savills India’s study. This growth was attributed to tight supply conditions and consistent demand for top-grade A office spaces. Delhi also saw a rise in prime office costs during the quarter, showcasing ongoing interest from occupiers in high-quality office buildings. Globally, net effective prime office costs rose by an average of 1.1% in Q4 2025, with 23 out of the 40 monitored cities reporting increases. Over the entire year, global prime office…

Latest StoriesResidential

Varanasi body advances group housing, approves 474 layouts

Representative AI image VARANASI: The Varanasi Development Authority (VDA) is experiencing positive results from its new strategies to engage builders in developing planned colonies, with over 474 layouts now approved. However, it has come to light that builders have not obtained completion certificates for 73 group housing projects, despite allotting and occupying flats in these developments. Completion certificates, issued by competent authorities like the VDA, ensure compliance with building regulations and safety standards. This process involves verification of construction quality, adherence to approved plans, and completion before any possession is granted to buyers. In reviewing its records, the VDA discovered…

CommercialLatest Stories

WeWork India Signs 90,000 sq ft Lease in Gurugram

NEW DELHI: WeWork India has heightened its presence in the National Capital Region (NCR) by inaugurating a new center at Atrium Place in Udyog Vihar, Gurugram, thereby adding approximately 90,000 sq ft to its portfolio. The facility spans two floors and accommodates over 1,200 desks, marking the company’s 15th center in the NCR. This new center was launched in collaboration with DLF, with advisory support provided by CBRE. Arnav S. Gusain, Chief of Supply, stated that the company has introduced more than 3,000 desks in the NCR over the last two years, witnessing a 50% rise in enterprise desks within…

IndustryLatest Stories

Real Estate Jobs May Reach 100 Million by 2030: Report

Representative AI image NEW DELHI: Employment in India’s real estate sector could soar to nearly 100 million by 2030, up from an estimated 70 million currently, according to a joint report from KPMG and NAREDCO. The report highlights that the existing job base encompasses construction, sales, design, and allied industries. It adds that every new real estate project generates demand across a broad supply chain, including cement, steel, bricks, paint, glass, fittings, logistics, and a variety of services. The study assesses India’s real estate market to be approximately ₹26.4 trillion now, with projections estimating growth to around ₹88 trillion by…

Latest StoriesResidential

Premium Housing Fuels 50% of Sales as Affordable Segment Drops 17%

NEW DELHI: The Indian residential market shifted more towards higher-value homes in 2025, with properties priced above ₹1 crore making up 50% of total annual sales. This trend emerged even as demand for affordable housing decreased, according to a recent Knight Frank India report. Total housing sales reached 348,207 units in 2025. Homes priced over ₹1 crore experienced a 14% year-on-year increase, while sales for units below ₹50 lakh fell by 17%. The mid-segment, priced between ₹50 lakh and ₹1 crore, also faced an 8% drop in annual sales. As noted in the report, the slowdown primarily affected lower-priced categories,…

CommercialLatest Stories

5 REITs distribute ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26

NEW DELHI: In the third quarter of FY26, India’s five listed Real Estate Investment Trusts (REITs) distributed over ₹2,450 crore to more than 3.8 lakh unitholders. The listed REITs—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT, and Nexus Select Trust—collectively manage a portfolio exceeding 185 million sq ft of grade-A office and retail real estate nationwide. Since their respective launches, these REITs have cumulatively disbursed over ₹29,100 crore to unitholders, demonstrating the growing prominence of this investment vehicle in India’s capital markets. As of Q3 FY26, the total gross assets under management…

Latest StoriesResidential

Lead-to-buy cycle cuts to 26 days; ₹2-3 crore homes sell in 15 days

NEW DELHI: Despite a decline in housing sales across major cities in 2025, the average duration to convert a housing lead to a booking decreased to 26 days, the shortest span in three years. This trend is attributed to swifter decision-making in high-value segments, as reported by Anarock. The lead-to-booking conversion time dropped from 32 days in 2024 to 26 days in 2025. The quickest conversion period was noted in 2022 at 22 days, while 2020 marked the slowest at 35 days. “The reduction in conversion days is primarily due to increased sales of larger homes in top cities,” explained…

IndustryLatest Stories

Shriram Properties Buys 4 Acres in Bengaluru

Representative image NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026. Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share…