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.

IndustryLatest Stories

Cluster Redevelopment Vital for Mumbai’s Future, Say Experts

Here’s the rewritten content: Wankhede discusses the importance of social inclusivity in redevelopment, emphasizing MHADA’s role in providing accessible housing beyond mere monetization. NEW DELHI: As greenfield land in cities like Mumbai runs low, experts at the RealtyDailyNews Realty Real Estate Conclave 2026 indicated that brownfield and cluster-led redevelopment are now key avenues for urban growth. The panel discussion, titled ‘Redevelopment & Urban Renewal: Transforming the Future of Indian Cities,’ was moderated by Anuj Puri, Chairman of Anarock Property Consultants. Key speakers included Anil Wankhede (Deputy CEO, MHADA), Prashant Sharma (President, NAREDCO Maharashtra), Sukhraj Nahar (President, CREDAI-MCHI), Dhaval Ajmera (Vice…

Latest StoriesRera

H-RERA Directs Parsvnath Hessa to Compensate Gurugram Buyers

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered a developer to compensate a couple over ₹77 lakh due to delays in a project on Golf Course Road. Despite a delay of more than three years, the developer failed to deliver the apartment in the Parsvnath Exotica project located in sectors 53-54. Construction was halted for four years, and the necessary occupation certificate was not obtained despite numerous requests. On Tuesday, adjudicating officer Rajender Kumar directed Parsvnath Hessa Developers to pay ₹77.6 lakh to DLF II residents Raj Kumar Chawla and Indu Chawla for lost profits and an additional…

Latest StoriesRegulatory

Navi Mumbai Civic Body Gathers ₹650 Crore in Property Tax FY26

THANE: The Navi Mumbai Municipal Corporation (NMMC) has reported property tax collections of ₹650 crore so far in this financial year, with a notable increase in digital payments, officials announced on Wednesday. A total of 1,82,894 taxpayers have settled their property tax, with 62% (₹383 crore) paid through digital methods. The remaining 38% (₹267 crore) was paid offline, according to a statement from the civic authority. The release emphasized, “With the introduction of safe and transparent online payment options, more citizens are choosing to pay their taxes from home.” The NMMC has intensified measures against defaulters who have not cleared…

IndustryLatest Stories

Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

CommercialLatest Stories

GCC: India’s Front Office – A New Era in Office Markets

The consensus was clear: GCC growth remains durable, flex has matured into a mainstream asset class, and integrated business districts are redefining the competitive landscape. According to leaders at Panel 3 — *“GCCs, Flex Workspaces & Co-working: Is 2026 the Inflection Point for India’s Office Market?”* — at the RealtyDailyNews Realty Real Estate Conclave 2026, India’s office market may be undergoing a structural reset rather than a temporary improvement. The session, moderated by Badal Yagnik, CEO & Managing Director – India, Colliers, featured industry leaders, including Amit Ramani of Awfis Space Solutions, Vithal Suryavanshi from The Phoenix Mills, Vikram Goel…

CommercialLatest Stories

6-8% Yield & Appreciation: REIT Leaders Chart India’s Realty Future

The discussion emphasized the considerable opportunities within India’s commercial stock. REITs are transitioning from a niche market to a mainstream option as capital markets broaden their involvement in India’s commercial real estate sector. This was a key takeaway from a conclave session discussing the potential of REITs as the backbone of the industry. Moderated by Mahaveer Jain, Director at India Ratings & Research, the panel included Ramesh Nair (Board Member, IRA | MD & CEO, Mindspace Business Parks REIT), Shirish Godbole (Board Member, IRA | CEO, Knowledge Realty Trust), Alok Aggarwal (Chairperson, IRA | CEO, Brookfield REIT), Abhishek Agarwal (CFO,…

IndustryLatest Stories

Real Estate: India’s Growth Multiplier, Says Niranjan Hiranandani

Hiranandani described real estate as a central pillar of India’s growth narrative. During the keynote address at the RealtyDailyNews Realty Real Estate Conclave 2026, Niranjan Hiranandani, Chairman of NAREDCO and Co-Founder & MD of Hiranandani Group, presented an optimistic and balanced perspective on India’s real estate sector. He framed the industry within the context of India’s broader economic growth, emphasizing continuous GDP growth, accelerated infrastructure development, and increased credit availability as key drivers for future development. “Commercial lending is achieving annual growth rates of nearly 15%,” Hiranandani remarked, connecting the increase in credit accessibility to both homebuyers and developers. With…

Latest StoriesResidential

Ajit Jain of Berkshire Hathaway Purchases ₹85 Crore Gurugram Flat

Image for representation NEW DELHI: Ajit Jain, vice-chairman of insurance operations at Berkshire Hathaway, has purchased a 7,400 sq ft apartment at DLF The Camellias in Gurugram for approximately ₹85 crore, according to sources familiar with the transaction. Jain, who typically resides outside India, traveled to Delhi recently to complete the deal. “NRIs account for over 25% of DLF’s ultra-luxury market, and Jain is a leading figure among them,” noted a source involved with the transaction. “The extensive amenities in such projects are major attractions for individuals who want temporary residences in India.” Jain did not respond to inquiries via…

Latest StoriesResidential

Cluster Redevelopment, Policy Reform Essential for Mumbai Housing: Jaiswal

As Mumbai navigates redevelopment pressures, aging cess buildings, and expanding urban aspirations, MHADA’s cluster-led, policy-backed approach signals a shift from piecemeal interventions to integrated urban transformation. At the RealtyDailyNews Realty Real Estate Conclave 2026, Sanjeev Jaiswal (IAS), Vice-President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), outlined a strategic roadmap to address Mumbai’s growing housing affordability challenges. With land constraints, high premiums, and complex redevelopment issues shaping the real estate landscape, Jaiswal emphasized the importance of cluster redevelopment and policy reforms as key solutions. Describing the issue, Jaiswal noted Mumbai’s decreasing land availability and increasing housing costs.…

Housing FinanceLatest Stories

Cluster-led, Resident-first Redevelopment: India’s Urban Future

Wankhede discussed the importance of social inclusivity in redevelopment, highlighting MHADA’s commitment to providing housing access beyond financial gains. At the RealtyDailyNews Realty Real Estate Conclave 2026, industry leaders and policymakers came together for a panel titled ‘Redevelopment & Urban Renewal: Transforming the Future of Indian Cities’. This discussion emphasized the necessity of brownfield redevelopment in space-constrained cities like Mumbai. Moderated by Anuj Puri, Chairman of Anarock Property Consultants, the panel included notable figures such as Anil Wankhede (Deputy CEO, MHADA), Prashant Sharma (President, NAREDCO Maharashtra and Chairman, GHP Corp), Sukhraj Nahar (President, CREDAI-MCHI and CMD, Nahar Group), Dhaval Ajmera…