House of Abhinandan Lodha (HoABL) has committed INR 200 crore to an affordable housing project in Naigaon, Mumbai, in collaboration with Mittal Builders. The 12-acre development will be executed in two phases over five years, aiming to deliver approximately 1.4 million square feet of residential space. Additionally, HoABL plans to expand its affordable housing initiatives by identifying seven more sites across the Mumbai Metropolitan Region, including one near the upcoming Navi Mumbai International Airport. These projects will be joint ventures with landowners, targeting a combined development potential of over 2 million square feet.Read more

Brigade Enterprises has signed a joint development agreement to build a new residential project in Banashankari, 5th Stage, South Bengaluru. Spread across 7.5 acres, the project carries a gross development value of around INR 1,200 crore, reflecting its sales potential. Founded in 1986, Brigade Group is one of India's leading real estate developers with a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Its portfolio spans residential, office, retail, and hospitality segments.Read more

BNP Paribas India Solutions has leased 1.45 lakh sq ft of office space at Hiranandani Centaurus, Thane West, for INR 94.95 lakh per month. The five-year lease, starting July 2025, covers two floors of the Grade-A commercial tower and includes 145 parking slots. With delivery centres already in Bengaluru, Chennai, and Mumbai, the expansion reflects the firm's continued growth in India. Earlier this year, BNP Paribas signed one of Mumbai's highest-value office deals at Maker Maxity in Bandra Kurla Complex.Read more

Emaar Properties has confirmed it will retain full ownership of Emaar India and is considering joint ventures with major Indian groups like Adani instead of selling its stake. The developer had entered India in 2005 with MGF Development, investing around INR 8,500 crore, before demerging in 2016. Emaar India today operates projects across several key cities. Despite reporting a net loss in the 2024 financial year, its revenues increased significantly from the previous year. Globally, Emaar continues to hold a large land bank, with more than 122,000 units delivered since 2002, including iconic projects such as the Burj Khalifa.Read more

Realty major Lodha Developers has finalised the sale of more than 24 acres of land in the Palava region near Mumbai to Singapore-based ST Telemedia Global Data Centres (STT GDC) for nearly INR 500 crore. The deal, already registered, included 1.74 acres sold directly by Lodha and 22.6 acres transferred by its subsidiary Palava Induslogic 4 Pvt Ltd. The transaction comes close on the heels of Lodha's agreement with the Maharashtra government to develop a green data centre park in Palava.Read more

Actor Sanjay Mishra has purchased a sea-view apartment in Raheja Exotica Cyprus, Madh Island, Mumbai, for INR 4.75 crore. The flat, spread across 1,701 sq ft with an additional deck area, places him in the same project where singer Jubin Nautiyal bought a home late last year. Mishra joins several film personalities who have invested in this coastal location, which has seen rising property rates due to upcoming infrastructure like the Versova-Madh bridge and Bandra-Versova Sea Link.Read more

The Rajasthan Housing Board has recorded a surge in applications for its newly launched residential schemes in smaller towns and semi-urban locations. Projects in Nainwa, Badi Road in Dholpur and Panerio ki Madri in Udaipur have witnessed demand exceeding available units, with Udaipur's scheme drawing eighteen applicants for each flat. Offering homes from about INR 7.8 lakh, these schemes are attracting interest from economically weaker and lower-income groups.Read more

The Gurugram district administration reviewed progress on the demolition of unsafe towers at Chintels Paradiso, Sector 109. Three towers have already been razed since demolition began in January, while the fourth is nearly down, and Tower D is expected to be next. Six towers in total D, E, F, G, H, and J were declared unsafe by IIT Delhi experts and cleared for demolition. Towers A, B, and C remain under a Supreme Court stay. Residents have raised concerns about being excluded from discussions, delays in work, and the sudden halt of court-mandated rent payments. Completion this year appears unlikely.Read more

Smartworks Coworking Spaces has leased 5.57 lakh sq ft at Intellion Park, Navi Mumbai, marking its largest managed office campus in the city and pushing its total leased Mumbai portfolio beyond 10 lakh sq ft. The move addresses growing demand for flexible workspaces among enterprises. With a presence across 14 cities in India and Singapore, Smartworks caters to over 730 clients, including Forbes 2000 firms and startups. Tata Realty emphasized the collaboration's potential to deliver world-class, scalable work environments and set new benchmarks in Navi Mumbai's commercial real estate sector.Read more

The Securities and Exchange Board of India (SEBI) has leased a 5 BHK apartment in Prabhadevi, Mumbai for its new chairman, Tuhin Kanta Pandey, at a monthly rent starting at INR 7 lakh. The three-year lease totals INR 2.65 crore, with annual escalations. The apartment is part of Rustomjee Crown Tower and includes four parking spaces. SEBI clarified that the arrangement falls under its approved housing policy. The deal comes amid a steady rise in luxury rental transactions in Mumbai, where more than 3 lakh agreements are registered annually.Read more