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.

Latest StoriesRegulatory

Gurugram collects ₹350 crore in property tax for FY26

GURUGRAM: The Municipal Corporation of Gurugram (MCG) collected over ₹350 crore in property tax and approximately ₹56 crore in water bills during the fiscal year 2025-26. Officials noted that MCG offices experienced increased visitor traffic from early Tuesday as residents rushed to settle overdue property taxes and water bills before the financial year concluded. To facilitate this, citizen assistance centers at municipal offices remained open, even on a holiday, and tax branch officials were available to assist throughout the day. Separate counters were also set up for senior citizens, making it easier for elderly residents to manage their payments. Mayor…

IndustryLatest Stories

Mahagun Group Secures ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to boost project execution across its portfolio. The group recently closed a ₹650 crore debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and around ₹340 crore in interest. This fresh capital infusion will help the company accelerate construction and ensure timely project delivery. Published On Apr 1, 2026 at 02:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Stay updated with the ETRealty industry…

IndustryLatest Stories

Prestige Group and Partner to Develop Gurugram Land

Representative AI image NEW DELHI: Prestige Estates Projects has signed a joint development agreement (JDA) with Sare Gurugram for a 17.2-acre plot in Sector 92, Gurugram, as part of its strategy to enhance its residential portfolio in the National Capital Region (NCR). The upcoming project is expected to cover approximately three million sq ft, with a projected gross development value (GDV) of around ₹4,200 crore. The property is situated near the Dwarka Expressway, an area witnessing a surge in residential developments due to improved connectivity and infrastructure. Irfan Razack, Chairman and Managing Director of the company, stated that this acquisition…

CommercialLatest Stories

BHIVE Workspace Leases 1.4 Lakh Sq Ft at Phoenix Asia Towers

NEW DELHI: BHIVE Workspace has secured a lease for 1.4 lakh sq ft of office space at Phoenix Asia Towers, located in Hebbal, North Bengaluru. The company has plans to introduce another one million sq. ft. of office space by 2026, accompanied by an overall investment of around ₹250–300 crore. “We are vigorously expanding our campus footprint, with nearly 1 million sq. ft. of new capacity to be added in 2026,” stated Shesh Rao Paplikar, the founder and CEO of the company. The new center will accommodate over 2,600 professionals and will feature a variety of options including co-working spaces,…

IndustryLatest Stories

Institutional Real Estate Investments Reach $1.4 Billion in Q1 2026

NEW DELHI: Institutional investments in Indian real estate reached $1.4 billion during the January-March 2026 quarter, marking the highest first-quarter inflow since 2022, as reported by Vestian. While there was a 62% decline in investments quarter-on-quarter due to a high previous base, a 74% year-on-year increase demonstrates continued investor interest in the face of global uncertainties. Commercial properties led the investment scene, comprising around 80% of total inflows at over $1.1 billion, primarily driven by demand from global capability centres (GCCs), although there was a 51% sequential drop in this segment. Residential investments plummeted to approximately $0.2 billion, reflecting a…

IndustryLatest Stories

Hero Realty Acquires 18,215 Sq M Land in Greater Noida

Representative image NEW DELHI: Hero Realty, the real estate division of Hero Enterprise, has successfully acquired a land parcel of 18,215 square meters in Sector MU, Greater Noida, via a recent auction held by the Greater Noida Industrial Development Authority (GNIDA). The site is designated for residential development. In Gurugram, the company has launched “The Palatial by Hero Homes” located in Sector 104 along the Dwarka Expressway. This project spans around 11 acres. Additionally, the company has introduced a new vertical, Hero Earth, focusing on its plotted development offerings. Through this brand, Hero Realty has entered the Sonipat real estate…

Latest StoriesRera

MahaRERA approves 1,060 housing projects; new ones near 50%

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has approved over 1,060 housing projects statewide, with nearly half of the new registrations, even as developers request extensions on many ongoing projects. Out of the total approvals, 486 projects received registration numbers, while 426 projects were granted timeline extensions based on revised completion plans submitted by developers. Additionally, 148 projects were approved for corrections on previously accepted proposals, indicating a continuous adjustment within the project pipeline. The surge in approvals reflected increased activity in the 18 days leading up to Gudi Padwa, which is traditionally viewed as a favorable time for…

IndustryLatest Stories

Tata Realty to Acquire Bengaluru Land from Hinduja for ₹2,300 Cr

Representative Image BENGALURU | MUMBAI: Tata Realty and Infrastructure Ltd (TRIL) has finalized a binding agreement to purchase over 38 acres in Bengaluru from Hinduja Group companies Gulf Oil Corp and Hinduja Realty Ventures for approximately Rs 2,300 crore. This transaction represents the largest land acquisition, both in scale and value, ever completed in Bengaluru, and ranks among the largest in India. The deal highlights sustained investor confidence in Bengaluru’s office market, which recorded over 20 million sq ft of office space leased in 2025, securing its position as one of the leading markets for office space absorption in the…

Latest StoriesRegulatory

CAG: Madhapur IT Firms Misappropriated ₹100 Crore in Property Tax

HYDERABAD: The Industrial Area Local Authority (IALA) in Madhapur has reportedly caused a loss of over ₹100 crore to the government by under-assessing property taxes, according to the Comptroller and Auditor General (CAG). The Greater Hyderabad Municipal Corporation (GHMC) mandates that IALA levy property tax according to specific classifications and monthly rental values (MRV). In Madhapur, the MRV for industrial properties was set at ₹4 per square foot for ground and first floors, and ₹3.50 per square foot for upper floors. Meanwhile, office buildings had an MRV of ₹6 per square foot for the ground and first floors, with ₹5.50…

IndustryLatest Stories

M3M India invests ₹14,500 crore for 45 million sq ft project

Sure! Here’s a rewritten version of the content: NEW DELHI: M3M India has announced an investment of approximately ₹14,500 crore to support the development of its portfolio exceeding 45 million sq ft currently under construction, as stated in a recent media release. The company’s developments will be financed through internal resources and working capital, proudly maintaining a debt-free balance sheet. M3M has earmarked 7.8 million sq ft for completion by FY27, focusing on premium residential and mixed-use commercial projects. Residential properties comprise 5.8 million sq ft, of which M3M Capital 113 accounts for 3.2 million sq ft and M3M Antalya…