Vascon Engineers has received a redevelopment contract worth INR 161 crore from MSEB Holding Company Ltd for the Saudamini Building project in Mumbai's Mahalaxmi area. The work, expected to be completed within 36 months from commencement, marks a key addition to Vascon's redevelopment portfolio in the city. The company said its ongoing and upcoming projects in Mumbai's Santacruz, Powai, and nearby markets together span about 0.4 million sq ft, valued at around INR 1,050 crore, and are projected to contribute half of its overall real estate portfolio by FY27.Read more

Earlier this week, the Lucknow Development Authority (LDA) announced that it would reopen registrations for some 500 residential plots under the Anantnagar Housing Scheme coinciding with Diwali. The project, spread across 785 acres, includes plans for an Education City and modern infrastructure. Plot sizes range across multiple categories, and rates remain fixed. Additionally, the state government has approved significant funding for two new LDA housing projects - Varun Vihar and Naimish Nagar - set to further expand residential offerings in the region.Read more

Dharma Productions has leased a 5,500 sq. ft. office in Andheri West, Mumbai, for a four-year term at INR 15 lakh per month, with a 5% yearly escalation totaling approximately INR 7.75 crore. The lease also includes a security deposit of INR 1 crore and registration costs. Located in the premium Signature building, Andheri West's connectivity to key business districts and the airport makes it a preferred commercial hub. This move follows Karan Johar's earlier rental in Pali Hill and the 2024 sale of a 50% stake in Dharma Productions.Read more

Maharashtra Housing and Area Development Authority (MHADA) has made eight luxury 3BHK flats in Tardeo's Crescent Tower available on a first-come-first-serve basis. Ranging from INR 5.95 crore to INR 7.58 crore with a carpet area of 2,285 sq ft, these high-end apartments were earlier leased to MHADA officials and vacated in 2022. An online lottery conducted in 2023 saw 43 applicants, but most withdrew after visiting the flats. The tower offers sea-facing views, security, gym, and quarters for domestic help, located near key city landmarks.Read more

Tata Housing has achieved sales exceeding INR 1,000 crore in its new residential project, Varnam Phase I, located in North Bengaluru. Part of the 135-acre integrated township Carnatica, the 20-acre phase recorded sales of 377 units, comprising apartments, townhouses, and row houses, since its launch in August. Company officials said the response reflects growing demand in Bengaluru's premium housing segment. Tata Housing, a subsidiary of Tata Realty & Infrastructure Ltd, currently manages over 34 projects with 0.63 million sq m of development potential across India and the Maldives.Read more

The State Bank of India (SBI) is set to acquire 200 ready-to-move-in two-bedroom apartments across the Mumbai Metropolitan Region for its employees, in a bulk deal valued at around INR 294 crore, excluding taxes. The bank has invited developers to submit proposals for units in central suburbs, western suburbs, the Thane-Kalyan belt, and Navi Mumbai from Kharghar to Panvel. Each apartment must have a MahaRERA-approved carpet area of approximately 55.74 sq. m. and be less than five years old. The purchase will also include 400 parking slots.Read more

Saya Group has partnered with Harmony Infra to develop an ultra-luxury residential project, 'The Horizon Residences,' in Indirapuram, Ghaziabad. Spread over 2 acres, the project will feature 264 premium flats priced between INR 6 crore and INR 8.5 crore. With an investment of INR 550 crore, excluding land acquired in 2018, the company anticipates sales revenue of around INR 1,600 crore. The project has secured RERA and other statutory approvals, and about 100 units have already been booked due to strong demand in the limited supply market.Read more

The Maharashtra government has set up a high-powered committee to manage the redevelopment of nearly 4,900 flats in SVP Nagar Colony, Andheri, aiming to improve housing conditions and modernize urban infrastructure. The committee will select a construction agency through a transparent process and monitor project progress every four months. Responsibilities include resident rehabilitation, monthly rent management, and ensuring alternative housing during construction. This move builds on MHADA's experience with similar large-scale projects, such as Motilal Nagar in Goregaon and Sunteck Realty's Andheri East redevelopment, reflecting a focused approach to urban renewal.Read more

India Accelerator has opened a 10,000 sq ft co-working centre in Surat, Gujarat, providing 280 desks to support startup ventures. This expansion follows the company's recent acquisition of co-working operator MySOHO, which has 18 centres across eight cities, in a cash-equity deal. IA plans to grow its footprint to over 45 hubs in 30 cities, covering 625,000 sq ft and offering 12,500 seats. The strategy integrates workspace facilities with startup support services such as mentorship, investor access, and guidance programs, aiming to strengthen India's growing flexible office ecosystem.Read more

Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, has invested in a 1,900 sq ft luxury apartment in Mumbai's premium Lodha World Towers in Worli. The apartment, purchased for around INR 10 crore, includes three car parking spaces and has a registered value of INR 9.93 crore. Chauhan acquired the property from Lodha Developers, and the transaction was officially registered earlier this week. His annual remuneration at NSE is INR 12.09 crore, reflecting his financial capacity for luxury real estate investments in the city.Read more