DLF to launch 1,100 residential units in Gurgaon
Real estate giant DLF is starting construction on a luxury housing project in Gurugram with an estimated revenue potential of Rs 7,500 crore. The company plans to develop 1,100 apartments in the residential project located in Sector 63. The demand for real
Vasavi Group unveils 8.5m sqft gated community project in Hyderabad
The Vasavi Group has launched a new gated community project in Hyderabad, named Ananda Nilayam. The project will consist of 11 towers with 33 floors each, located opposite the LB Nagar Metro Station on the outskirts of the city. The project will span
RLDA invites bids for development of 22,182 sqm space in Bengal
The Rail Land Development Authority (RLDA) has invited bids for residential and commercial development on a 22,182 sqm parcel of land near the Bagdogra Railway Station in West Bengal. The land will be leased for 99 years and has a reserve price of ₹73
GMADA to Build Eco City 3 and Aerotropolis in New Chandigarh
The Greater Mohali Area Development Authority (GMADA) has announced plans to build Urban Estate Eco City 3 in New Chandigarh on an area of 720 acres. The executive committee of the authority has approved the acquisition of land from six villages - Rajgarh, Takipur
Assam govt approves over 3 lakh houses under PMAY-G Program
The Assam government has announced that it has approved over three lakh houses under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) flagship program. The Panchayat and Rural Development Minister, Ranjeet Kumar Dass, stated that Assam has
Developers urge govt to review construction ban, exempt RERA projects
Real estate developers have urged the central government to consider RERA registered projects as public interest ventures and allow work to continue even when pollution levels increase. A delegation of developers met with the Minister of Environment, Forest and
RLDA plans ₹1,193-cr mixed-use project in Dwarka
The Rail Land Development Authority (RLDA) has announced plans to develop a 1,24,000 square km area adjacent to the Dwarka Sector 21 Metro Station for commercial and residential use, according to the Vice-Chairman of RLDA, Ved Parkash Dudeja. The authority has recently
Supreme Universal to develop 1-mn sq ft gated community in Chembur
Supreme Universal, a real estate developer, has entered into an agreement to develop a 5-acre prime land parcel in the Chembur suburb of Mumbai. The company plans to create a premium gated community project on the land parcel, which has a total development potential
Construction begins on ₹2,000-cr mini-township in Kerala
The Thiruvananthapuram City Corporation has begun construction on a mini-township project spanning 42 acres of land in Vilappilsala, Kerala. The project, which includes housing complexes, a convention center, anganwadis, playgrounds, animal shelters, ponds, and gardens, is expected
Keystone Realtors wins 4.2-acre project in Mumbai
Keystone Realtors, operating under the brand Rustomjee, has been awarded a ₹1,000 crore redevelopment project in the eastern suburbs of Mumbai. The 4.2-acre project, located in Chembur, was won by Rustomjee after securing the votes of over four-fifths of the
Joyville Shapoorji Housing to develop ₹700-cr realty project in Pune
Shapoorji Pallonji Real Estate's Joyville Shapoorji Housing has announced plans to construct a residential project in Pune worth INR 700 crore. The project, named Sky Luxe Edition, will be built in the Hadapsar area in phases, with the first phase set to
Centre approves ₹6,212-cr for const of 8.6 lakh housing units in UP
The Indian government has approved ₹6,212 crore for the construction of 8.6 lakh housing units under the Pradhan Mantri Awas Yojana-Rural (PMAY-R) scheme in Uttar Pradesh. The first installment of ₹1,671 crore has already been released to begin work on the
BK Modi Group to invest $1-bn in Indian real estate and wellness projects
The BK Modi Group has announced plans to invest around $1 billion in Indian real estate and wellness projects over the coming years. The group, which is already constructing a commercial real estate project in Mumbai in partnership with a developer, plans to
PSP Projects wins ₹1,364-cr contract for construction of office building in Surat
PSP Projects, a leading player in India's construction and infrastructure sector, has announced that it has been awarded a contract worth ₹1,364.47 crore by the government of Gujarat. The contract involves the construction of a state-of-the-art high-rise
IFC injects ₹3,300-cr booster into affordable housing
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $400 million loan (approximately ₹3,300 crore) to HDFC, India's largest private mortgage lender, to support the country's shift toward more sustainable
SRAM & MRAM Group to build tallest tower in Mumbai
The SRAM & MRAM Group, based in the UK, has announced plans to construct the country's tallest tower in Mumbai. The multi-use building, which will be located in the Parel-Sewri area of the city, will consist of 110 floors and feature
Godrej Properties to develop 14.27-acre site in Gurugram, Haryana
Godrej Properties has entered into an agreement to develop a 14.27-acre site in Gurugram, Haryana, with an estimated revenue potential of ₹3,000 crore. The development, which will primarily consist of premium residential apartments, will be one
Capacit'e Infraprojects secures ₹117.20-cr Goa Mall construction contract
The national construction and infrastructure company, Capacit'e Infraprojects, has been awarded a contract worth ₹117.20 crore (excluding GST and labour cess) for the construction of a mall in Goa, according to Managing Director Rahul Katyal. The contract
CREDAI calls for tax exemptions and affordable housing expansion in Budget 2023-24
The Confederation of Real Estate Developers' Associations of India (CREDAI) has written to the Finance Ministry, requesting an increase in tax exemptions on home loan interest payments, rental incomes, and investments in real estate through
Trump Organization announces ₹2,500-cr projects in India
The Trump Organization has announced plans to launch luxury real estate projects worth over ₹2,500 crore in key property markets in India. The company's Executive Vice President, Donald Trump Jr, stated that India is already the
Adani Group secures Dharavi redevelopment project with ₹5,000-cr bid
The Adani Group has emerged as the highest bidder with a bid of ₹5,000 crore for the estimated ₹23,000 crore Dharavi redevelopment project. Gurugram-based
Godrej Properties to launch ₹8,000 cr housing project in Delhi
Godrej Properties will launch a luxury housing project at Ashok Vihar in the national capital in March quarter and is eyeing ₹8,000 crore of sales revenue
Trident Realty announces ₹3,000-cr townships
A New Delhi-based real estate builder with operations spanning across Mumbai, Noida and Chandigarh, has launched an integrated luxury township project
M3M to invest ₹2,400-cr in mixed-use project in Noida
Realty firm M3M India has bagged a 13-acre land parcel in Noida through e-auctions and plans to invest around ₹2,400 crore to develop a mixed-use project
Adani Realty, DLF & Naman Group bids for Dharavi Redevelopment Project
The Dharavi Redevelopment Authority (DRA) has received bids from Adani Properties Pvt Ltd, DLF and Shree Naman Group for the ₹23,000 crore
Paras Buildtech plans ₹450-cr commercial project in Noida
The Delhi-based real estate developer Paras Buildtech has decided to build 2.7 lakh sq ft of retail and 1.5 lakh sq ft of office space at an investment of ₹450
HDFC-CREDAI inks MoU to fund realty projects
HDFC Capital Advisors has entered into an agreement with property developers' body, the Confederation of Real Estate Developers' Association of India (CREDAI)
Pune real estate sales mark double year-on-year growth
Pune Real estate sales have doubled on a year-on-year basis as the city has seen sales of 26,580 units during the first half of the current fiscal, up from the
L&T Realty & CapitaLand forms JV for office development projects
L&T Realty Ltd and Singapore-listed CapitaLand India Trust Management Pte. Ltd. have entered a non-binding term sheet for a commercial platform to develop close
AKDN announces ₹2,000-cr luxury realty project in Mumbai
The Aga Khan Development Network (AKDN) has announced plans to invest ₹2,000 crore to build a luxury residential property in south Mumbai’s Mazgaon area
