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.

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…

IndustryLatest Stories

199 Lucknow Buildings Deemed Unsafe; Owners Must Act

LUCKNOW: In an effort to prevent building collapses during the monsoon season, the Lucknow Municipal Corporation (LMC) has issued notices to the owners and residents of 199 unsafe buildings. They are required to repair the structures or vacate them immediately. According to officials, these buildings are a hazard to both residents and surrounding properties during heavy downpours. This initiative is part of LMC’s monsoon safety campaign, and ongoing surveys aim to identify additional unsafe structures. The highest concentration of unsafe buildings is found in Zone 1, which includes Hazratganj, Aminabad, Kaiserbagh, and Latouche Road, accounting for 99 buildings. Zone 2,…

CommercialLatest Stories

Hyderabad Office Leasing Up 29% to 7.5M Sq Ft in H1 2026

NEW DELHI: In H1 2026, Hyderabad’s office transactions reached 7.5 million sq ft, marking a 29% increase compared to the previous year, as reported by Knight Frank India. This marks the highest leasing volume for Hyderabad in the first half of a year, and the second-highest total transaction volume following H2 2019. Office completions surged by 111% year-on-year, totaling three million sq ft during this period, while the overall office stock in Hyderabad increased to 129.1 million sq ft, up by 5% year-on-year. Despite a rise in supply, vacancy rates decreased by 296 basis points to 11.5%. The average transacted…

IndustryLatest Stories

Real Estate Firms Boost Legal Hiring Amid Complex Deals

Representative AI image MUMBAI: As India’s real estate market becomes more institutionalized and deal-making grows complex, developers are enhancing their in-house legal teams to manage various challenges from land acquisition to insolvency transactions. Experts note that this hiring trend reflects significant changes in the industry’s operational strategies. Recently, several prominent developers have appointed new legal leaders. Arvind SmartSpaces, part of the Lalbhai Group, recruited Tarpit Patni from Godrej Properties to oversee its legal operations. Godrej Properties, in turn, appointed Astha Punjabi, formerly general counsel at BPTP, as the legal head for its northern zone. Hero Realty has brought Sachin Sharma…

Latest StoriesResidential

NCR Housing Sales Drop 7% to 24,862 Units in H1 2026

NEW DELHI: The National Capital Region (NCR) saw residential sales reach 24,862 units in H1 2026, a seven percent decline from 26,795 units in H1 2025, as per Knight Frank India’s report. During the same period, new launches fell by five percent year-on-year, totaling 23,877 units compared to 25,233 units last year. Gurugram led the NCR residential market, representing 50 percent of new launches and 42 percent of total sales in H1 2026. Knight Frank noted that Gurugram’s launch pipeline is predominantly in the premium and luxury segments, with nearly all new projects starting above the ₹2 crore price point.…

Latest StoriesResidential

Nashik Records ₹17,543 Crore in Property Deals for FY26

NASHIK: During the financial year 2025-26, property transactions within Nashik city limits reached an impressive Rs 17,543 crore, marking the highest annual turnover to date and indicating persistent growth in the local real estate market. This estimate is derived from the revenue generated by the Nashik Municipal Corporation (NMC) through a 1% local body cess imposed on property registrations. Officials noted that the NMC collected approximately Rs 175.43 crore through this cess during the fiscal year. Under the current registration system, property buyers within the municipal limits are required to pay a 6% duty upon registration. This includes 5% as…

Latest StoriesRegulatory

Mumbai: Politician-Developer Fleeing After ₹7 Crore Bail Denied

MUMBAI: Shiv Sena politician and developer Shankar Kumar Jha is currently on the run following the Thane Sessions Court’s rejection of his anticipatory bail request in a cheating case involving Rs 7.24 crore. Jha, who ran in the January 2026 Mira-Bhayandar civic elections for Ward 12, is accused by his business partners of misappropriating funds from unsuspecting homebuyers. After his bail request was denied on July 9, the investigation has moved from the Mira Road police to the Economic Offences Wing (EOW). Jha’s current location is unknown. According to the FIR filed on July 2 by Santosh Samal, the main…

IndustryLatest Stories

Delhi CM requests ₹100 crore for unauthorized colonies plan

NEW DELHI: Delhi Chief Minister Rekha Gupta has requested ₹100 crores from the Centre to expedite the implementation of the PM-UDAY scheme, aimed at granting property rights to residents of 1,511 unauthorized colonies in the national capital, as stated in a CMO release on Sunday. In a correspondence with Union Minister for Housing and Urban Affairs Manohar Lal, the Chief Minister emphasized that the department will establish PM-UDAY (Pradhan Mantri Unauthorised Colonies in Delhi Awas Adhikar Yojana) cells across all 13 districts of Delhi, each supervised by an Additional District Magistrate (ADM). She highlighted a proposed allocation of ₹100 crores…

Latest StoriesRegulatory

Telangana HC Resolves 17-Year Dispute, Orders 2BHK for Bhimrao Bada

HYDERABAD: In a significant conclusion to a 17-year long legal dispute, the Telangana High Court has mandated the state government to allocate 2BHK homes to families displaced from the Bhimrao Bada slum in Nampally. This decision brings much-needed relief to residents who allege they were forcibly evicted following the revocation of the area’s slum designation in 2008. Justice S Chalapathi Rao issued this ruling in January of this year, which has only recently come to public knowledge, while addressing a petition from K Bharati and 70 other residents of Bhimrao Bada. The court has stipulated that each petitioner must be…