India: Mumbai, Delhi NCR, Bengaluru and Hyderabad, the listed REITs, and the office and residential pipeline.
Embassy Office Parks REIT will acquire an 8,048 sq ft commercial unit in First International Financial Centre, Bandra Kurla Complex, Mumbai, from Citigroup Global Markets India for ₹48.29 crore. The acquisition is expected to be completed by Q3 FY27.
A special MPID court in Mumbai has framed charges against developer Vijay Machhindar, his wife, and their firm Ornate Spaces Pvt Ltd for allegedly defrauding homebuyers of Rs 28 crore. The accused failed to deliver flats in the Oshiwara project 'Grove Tower' or return funds, and face trial under the
The Delhi High Court has directed the Delhi Development Authority to process 1,373 pending property conversion applications within two months, for which Rs 155.06 crore has already been collected from residents. The court also instructed the Ministry of Housing and Urban Affairs to formulate a futur
The National Company Law Tribunal has admitted Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers over a claimed default of ₹68.49 crore. The Mumbai-based real estate firm acted as corporate guarantor for loans taken by Unity Infraprojects.
CREDAI has called for an infrastructure-first approach to urban development, with roads, drainage and civic services planned before large-scale real estate expansion. A report released at NATCON 2026 estimates India's real estate market could reach $1 trillion by 2030 and $5.8 trillion by 2047.
Amazon and Walmart's Flipkart are reviewing internet-enabled surveillance camera listings on their Indian platforms after Reuters found more than 700 of roughly 770 listings lacked mandatory government certification. The checks follow strict testing rules imposed in April 2026 amid espionage concern
Canada Pension Plan Investment Board is investing INR 30 billion (S$313 million) for about 27 per cent of Prestige Hospitality Ventures, marking its first direct bet on Indian hotels. The investment comes days after parent Prestige Estates Projects withdrew plans to list the business, citing strateg
Brookfield India REIT and NCW, a venture of Nuvama and Cushman & Wakefield, have completed a INR 17 billion (S$177.2 million) purchase of three floors at Godrej BKC in Mumbai's Bandra Kurla Complex. The partners each own half of the 264,000 sq ft office space, with NCW investing through its Prime Of
Apple Pay has launched in India via a partnership with Axis Bank, marking its first entry into one of the world's largest digital payments markets. The service is initially available to Axis Bank credit cardholders on Visa and Mastercard networks, with RuPay cards excluded.
India's Central Bureau of Investigation has filed a fresh chargesheet against five former promoters and directors of Acme Realties and its holding firm in connection with an alleged homebuyer fraud at the Acme Boulevard project in Mumbai's Jogeshwari (East). The chargesheet, the 21st in a broader pr
NBCC plans to restart construction on 16 stalled Supertech projects across NCR and beyond on Jan 16, 2027, bringing hope to nearly 14,000 homebuyers. Tenders will be issued in phases from Oct 1 to 15, with one already floated for River Crest in Rudrapur. Funding remains a key challenge, with unsold
Godrej Properties has signed a development agreement for a 2.5-acre luxury residential project in Marine Lines, Mumbai, with an estimated revenue potential of ₹6,000 crore. Man Infraconstruction (MICL) will recoup more than ₹300 crore of its investment while retaining a revenue-sharing interest unde
Indian space startup TakeMe2Space will launch what it calls the country's first orbital computing satellite aboard a SpaceX rocket on Oct 1. The sub-50 kg MOI-1A spacecraft, carrying Nvidia edge-computing processors, has already signed 23 customers for the mission.
Signature Global (India) has acquired 25 acres in Farrukhnagar, Gurugram, for ₹150 crore and entered collaboration agreements for another 169.22 acres. The combined 194.22-acre site will host an ultra-luxury farmhouse villa project with an estimated gross development value (GDV) of ₹5,500-6,000 cror
Indian stockbroker Rakesh Thakkar has purchased an eight-storey sea-facing tower in Mumbai's Juhu neighbourhood for S$74 million, in what is reported as the country's most expensive home deal. The 5,800 sq m residence, named 'Angelus', is being designed for privacy and sea views. The purchase reflec
The Bombay High Court has upheld developer JP Builders' decision to terminate homebuyer Santosh Amarsingh Sandhu's flat allotment over unpaid stamp duty and registration charges. Justice Sandeep V Marne set aside MahaRERA and MREAT orders, directing the developer to refund Sandhu's Rs 12.30 lakh wit
ACEN Corp. has completed the divestment of an initial 10% voting interest in Tejorupa Renewables India Project Private Ltd. to Diamond India Renewables One B.V. The transaction, which closed on 23 Sept, is part of a proposed sale of up to 49% of the Indian solar project company.
Anarock Group has acquired a 51% stake in architecture and interior design firm DSP Design Associates at an enterprise valuation of about ₹450 crore. The deal, funded through internal accruals, is aimed at expanding Anarock's capabilities into architecture, master planning and interior design, lever
Shriram Properties Ltd aims to double its net profit and sales bookings by FY29, backed by a 50 million sq ft construction pipeline. The developer is also exploring its first rental-income property, a premium shopping mall at its Uttarpara township in West Bengal.
Max Estates has signed a binding MoU for a joint development agreement on a 9.76-acre land parcel in Indirapuram, Ghaziabad. The project has an estimated development potential of 1.5 million sq ft and a gross development value of ₹2,500-3,000 crore. The deal marks the company's entry into Ghaziabad,
India's Supreme Court has ruled that the Premium floor area ratio scheme in Karnataka cannot be used to regularise unauthorised constructions, issuing an interim order on a petition by Citizens Action Forum. The court noted that the scheme, which allows developers to buy extra floor space, could bur
Runwal Enterprises has priced its ₹500 crore initial public offering at ₹290-305 per share, with the issue opening on 25 Sep and closing on 29 Sep 2026. The fresh-issue IPO offers a residential-heavy portfolio of 88.37 million sq ft across Mumbai and Alibaug.
Puravankara has entered the Delhi-NCR market with a 13.44-acre land parcel in Greater Noida, its largest land transaction in FY27 so far. The site has a saleable potential of about 4.57 million sq ft and an estimated gross development value of ₹5,200 crore.
DLF's rental arm will open a 700,000 sq ft premium shopping mall in Goa by March 2027, investing about ₹500 crore. The company expects annual rental income of over ₹150 crore and has already leased 70-75% of the space, including a five-screen PVR cinema and a Shoppers Stop outlet.
The Bombay High Court has issued fresh guidelines for land division in redevelopment projects with multiple buildings, ruling that each society's proportionate land entitlement is fixed four months after formation and cannot be reduced by later plan revisions. The court also ordered builders to disc
The Punjab and Haryana High Court has extended its interim order halting new allotments in Oberoi Realty's Oberoi 360 North luxury housing project in Gurugram until September 25. The extension follows a petition by Advance India Projects Ltd challenging a DTCP director's order, which the petitioner
The number of Indian white-collar professionals returning from overseas grew 24% in 2024 and 5% in 2025, with 205,000 more returnees so far in 2026. Industry experts warn that gaps in compensation, research funding and cutting-edge work compared to the US could make retaining these workers a challen
The Supreme Court has directed the Enforcement Directorate and Delhi Police to submit details of cases against Unitech Ltd directors to ensure a speedy trial, warning against further delays. A special court will be created to hear these cases exclusively as around 22,000 homebuyers await their flats
The Uttar Pradesh cabinet has approved the Lucknow Development Authority's takeover of Ansal Properties' stalled hi-tech township, potentially aiding around 5,000 homebuyers. The authority will complete pending infrastructure works at an estimated cost of Rs 2,216.91 crore, with the proposal now goi
Embassy Developments will invest ₹2,000 crore in Embassy Origins, an 85-acre residential project in North Bengaluru. The first phase includes Embassy Riverine and Embassy South Reserve, with a combined gross development value of about ₹4,500 crore.
Noida Authority has ordered a structural audit of the Great Value Sharnam project in Sector 107 after inspections found peeling plaster, exposed reinforcement bars and water seepage. The developer, Great Value Projects India, must have the audit done by an empanelled institution and carry out repair
Booking Holdings has leased 111,525 sq ft of office space at RMZ Ecoworld in Bengaluru, increasing its total footprint at the commercial tower to about 2.65 lakh sq ft. The five-year lease, which began on 3 July, carries a monthly rent of Rs 1.33 crore and a 15% rental escalation every three years.
The Mumbai Income-tax Appellate Tribunal has deleted a Rs 18.4 crore tax addition imposed on a Cumballa Hill co-operative housing society, ruling that the society acted only as a representative for its members in a redevelopment deal. The tribunal held that reporting a transaction under the society'
The Central Bureau of Investigation conducted searches at 12 locations across Bengaluru, Mumbai and Pune on Thursday, registering five new fraud cases against real estate developers. The action follows Supreme Court directives on homebuyer pleas and brings the total cases against builders to 55.
India's payments authority has launched a tap-and-pay option in its Unified Payments Interface (UPI) real-time network, ahead of an expected full launch of Apple Pay in the country by October. The feature uses near-field communication technology and works without network connectivity, NPCI's chairma
India will host the BRICS Leaders’ Summit in New Delhi on Sep 12-13, as the US-led war on Iran has split the bloc’s membership. Tehran and Abu Dhabi, both BRICS members, are on opposing sides of the conflict, threatening the group’s ability to issue a joint declaration.
The Supreme Court has allowed One City Infrastructure to proceed with the Sushant Aquapolis resolution plan without claiming land title. The Ghaziabad Development Authority has now approved the revised building plan, offering relief to 1,600 homebuyers.
Hero Motors has set a price band of 79 to 84 rupees per share for its IPO, seeking a valuation of about $401 million. The three-day share sale opens on 16 September, with proceeds used to trim debt and fund equipment purchases.
The Mumbai Income-Tax Appellate Tribunal has held that two flats on different floors of the same building can be treated as a single residential house for deduction under Section 54F. The ruling, in favour of a taxpayer who bought both units for family accommodation, overturns a disallowance of near
M3M Group has emerged as the highest bidder for a 12.5-acre mixed-use land parcel in Noida's Sector 108, quoting approximately ₹1,850 crore. The bid more than doubles the reserve price of ₹835 crore and drew interest from DLF Ltd, though only two groups participated in the final round.
The Supreme Court dismissed Parsvnath Developers' proposal for handing over flats or repaying homebuyers, calling it a delay tactic. The bench warned it may appoint a High-Powered Committee if no acceptable proposal is filed, and denied the insolvency professional's request to operate a frozen bank
Parneet S. Sachdev, chairman of Haryana RERA-Panchkula, said real estate regulation must shift from post-facto complaint resolution to technology-led predictive monitoring. Speaking at an ASSOCHAM conference in New Delhi, he outlined plans to use AI, real-time data and drones to identify project str
Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II AIF with a target corpus of ₹750 crore. The fund, launched in partnership with Casagrand Premier Builder, will invest in residential projects across Chennai, Bengaluru and Hyderabad.
Haryana RERA has directed Ocus Skyscrapers Realty to pay 10.8% interest to homebuyer Archana Dubey for delaying possession of a commercial unit in its Gurugram project Ocus 24K. The possession was due by 16 Dec 2018 but was offered on 18 Jul 2019. The developer must clear the arrears within 90 days
A subsidiary of Tata Consultancy Services, HyperVault, will invest up to 700 billion rupees ($7.41 billion) to build a 1 gigawatt AI data centre campus on 264 acres in Hyderabad, Telangana. The phased development targets AI companies and hyperscalers, and is expected to rank among India's largest AI
The Income-Tax Appellate Tribunal in Mumbai has deleted a Rs 1.3 crore tax addition on a property owner in a redevelopment case, ruling that Section 56(2)(x) can only apply when the property is actually received, not while still under construction. The tribunal also held that the new property was gi
The Haryana town planning department is taking possession of the 5.10-acre OSB The Venetian affordable housing project in Sector 70, Gurugram, nearly three weeks after cancelling the project licence. The move includes public notices, registration restrictions and a 15-day window for allottees to sub
India's Civil Aviation Ministry is examining ways to simplify and expedite no-objection certificates for construction near airports, including the possibility of urban local bodies issuing NOCs. The minister has set a 15-day timeline for officials to work out modalities for a more automated, transpa
The National Company Law Appellate Tribunal has directed NBCC and a court-appointed committee to file a status report within two weeks on 16 stalled Supertech projects. Homebuyers expressed concern that no construction work has been carried out in the 21 months since NBCC took over. The projects, la
The Income-Tax Department is scrutinising property transactions worth ₹8,500 crore, focusing on unreported, undervalued and benami deals. About ₹2,000 crore of the identified transactions are suspected to involve benami arrangements, with officials cross-referencing PAN data against income tax retur
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