Category: Latest Stories

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CommercialLatest Stories

360 ONE acquires 50% of Bluegrass Business Park for ₹2,400 Cr

Representative image created by AI NEW DELHI: 360 ONE Asset has acquired a 50% interest in Bluegrass Business Park from Brookfield Asset Management’s private real estate fund (Brookfield). The property, a two million sq ft office development located in Kalyani Nagar, Pune, was purchased for an estimated enterprise value of ₹2,400 crore (approximately $280 million). Occupying seven acres, Bluegrass Business Park includes a one million sq ft operational tower leased to Mastercard, alongside an office tower currently under construction that will feature street retail. Brookfield will maintain responsibility for the management, development, and leasing of the property. Shardul Amarchand Mangaldas…

IndustryLatest Stories

Gaurs Group Purchases 12 Acres at Yamuna Expressway

Representative image created by AI NEW DELHI: Gaurs Group has acquired a 12-acre land parcel in Sector 22-D along the Yamuna Expressway to develop a residential project, with an investment of approximately ₹1,400 crore. Manoj Gaur, CMD of Gaurs Group, stated, “The Group has secured possession of the plot and is in the process of obtaining map sanctions and other necessary approvals. The project will go through the RERA registration process after receiving all requisite approvals, and sales will begin once the RERA registration number is obtained.” The upcoming development will feature ultra-luxury high-rise residences, with a projected topline of…

InfrastructureLatest Stories

Illegal Structures Demolished in Panchkula Urban Areas

PANCHKULA: The District Town Planner (DTP) has initiated a significant enforcement operation in Panchkula’s urban region. Recently, 15 unauthorized Damp Proof Course (DPC) constructions were demolished in Barona Khud village, located in Tehsil Raipur Rani, with more sites currently being identified for similar action. This operation was conducted with senior officials present and a substantial police presence to maintain order. Detailing the operation, DTP Babita Gupta mentioned that the department had issued prior notices before the demolitions. Since the defaulters failed to take action on their own, the department was forced to act decisively. She emphasized that any construction or…

IndustryLatest Stories

India’s 28 Builders Sell Properties Worth ₹53,000 Cr (Apr-Jun)

NEW DELHI: In the April-June quarter, India’s 28 publicly listed real estate companies collectively sold properties valued at approximately Rs 53,000 crore, with Prestige Estates recording the highest sales. According to regulatory filings, the total sales bookings for these firms amounted to Rs 52,842 crore for the first quarter of the financial year. Bengaluru’s Prestige Estates Projects Ltd led the sector with pre-sales reaching Rs 12,126.4 crore during this period. DLF Ltd, recognized as the largest real estate firm by market capitalization in India, secured the second spot with pre-sales of Rs 11,425 crore, mainly due to demand in the…

CommercialLatest Stories

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…

Latest StoriesRegulatory

Bombay HC: MLA Must Not Interfere in Redevelopment Efforts

MUMBAI: The Bombay High Court has prohibited the Slum Rehabilitation Authority (SRA) and BMC from responding to complaints and interference from BJP MLA Parag Alavani and a competing developer regarding a slum rehabilitation project in Vile Parle (E), as reported by Rosy Sequeira. The bench, consisting of Justices Girish Kulkarni and Arif Doctor, remarked, “It reflects poorly when any statutory authority abandons its statutory responsibilities due to outside interference, which is evidently what the respondent 2 (SRA) appears to have done,” during their ruling last Friday. In November 2020, the Shree Gurukrupa CHS, a slum-dwellers’ society, appointed Sateri Builders for…

Latest StoriesResidential

Gujarat CM greenlights ₹490 crore for panchayat housing

GANDHINAGAR: Gujarat Chief Minister Bhupendra Patel has approved a significant grant of Rs 489.95 crore for the construction of 2,055 new Gram Panchayat buildings as part of the Gram Panchayat Ghar cum Talati-Mantri Awas Yojana, aiming for complete saturation across the state. To solidify the role of Gram Panchayats as essential units in the three-tier Panchayati Raj system, CM Patel’s office announced the substantial grant through a press release. The State Government’s Panchayat Department allocates funds from the annual budget to construct new Panchayat buildings for those that are dilapidated or nonexistent, along with residences for Talati-cum-Mantri officials. The facilities…

Latest StoriesRera

Telangana RERA Halts R Homes Project for Norm Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated that R Homes Infra suspend its project, Jai Vasavis Bliss Heights, located in Yamnampet, Ghatkesar. The promoter is instructed to halt all marketing and sales activities immediately due to 11 complaints, including one from Narasimhula Upendra of Hanumakonda, which allege misrepresentation and violations of the Real Estate (Regulation and Development) Act. The complaints assert that R Homes collected significant funds from prospective buyers during the pre-launch phase by making misleading claims regarding project registrations. Allegedly, the promoter executed 10 agreements prior to receiving RERA registration, in violation of Section…

Housing FinanceLatest Stories

Altum Credo secures ₹170 crore from British International Investment

NEW DELHI: British International Investment (BII) has invested ₹170 crore in Altum Credo Home Finance, a company focused on affordable housing finance. This funding will enable Altum Credo to expand its operations in its current regions within India and to bolster its IT infrastructure, enhancing operational efficiency, customer experience, and digital service delivery. The firm primarily addresses the home finance needs of first-time buyers from low-income groups, boasting assets under management (AUM) exceeding ₹1,000 crore. Published On Aug 25, 2025 at 09:45 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…

Latest StoriesResidential

Nine Years Later, Gurugram Housing Project Faces Fraud Claims

GURUGRAM: Over 100 homebuyers protested on Sunday, alleging that developer Swaraj Singh Yadav cheated more than 3,000 buyers in a project located in Sector 109. Holding placards and chanting slogans, the protesters gathered outside Legend Society in Sector 57, expressing their frustration with Ocean Seven Buildtech Pvt Ltd. A buyer from the stalled Expressway Towers remarked, “This is nothing short of fraud.” They claim that despite paying in full since the project’s inception in November 2016 under the Affordable Housing Scheme (PMAY), construction currently sits at only 65%, causing significant financial and emotional strain. In response, the company’s spokesperson clarified,…