The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

Kerala has finalized the tender for infrastructure development at the Palakkad Smart City, part of the Kochi-Bengaluru Industrial Corridor. The INR 1,316.13 crore (approximately USD 158 million) contract was awarded to a joint venture of Dilip Buildcon Limited and PSP Projects Limited. The project, covering 1,450 acres, includes roads, bridges, drainage, water supply, power distribution, sewage treatment, and industrial effluent systems. Kerala has already invested INR 1,489 crore (around USD 180 million) through KIIFB for land acquisition. This development marks a significant milestone in the state's industrial growth and smart city initiatives.Read more

Spring House Workspaces, a leading Indian flexible workspace brand for entrepreneurs and growing businesses, entered into a partnership with EevolveX, a hiring solutions provider, to ease the recruitment process for startups. The initiative was announced in the past week and is intended to simplify the otherwise time-consuming task of talent acquisition. The collaboration promises pre-vetted candidates, founder-friendly recruiters, and quicker hiring cycles, helping startups save time and focus on growth during a crucial phase of expansion.Read more

Mahindra Lifespace Developers Ltd (MLDL), part of the Mahindra Group, has been chosen to execute two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of nearly INR 1,700 crore. Covering 2.6 and 1.8 acres in the Diamond Garden locality, the projects will deliver modern, sustainable homes with upgraded community amenities. MLDL's Chief Business Officer, Vimalendra Singh, said redevelopment is central to the company's growth strategy in high-demand areas. Well-connected to Navi Mumbai, Thane, BKC, and Powai, the sites benefit from the upcoming Diamond Garden Metro Station and improved infrastructure, positioning them strongly within Mumbai's evolving real estate market.Read more

Parsvnath Developers Ltd announced that it had partnered with Emperor Infratech to complete an integrated township spread across nearly 113 acres in Rajpura, Punjab. The development, which includes plots, group housing, commercial complexes, clubs, and schools, has all necessary licences in place. Under the arrangement, Emperor Infratech will oversee the development, marketing, sales, and maintenance, ensuring timely possession for existing buyers while managing the sale of unsold inventory. Parsvnath emphasised its focus on executing current projects, highlighting its record of having delivered 68 projects.Read more

Hero Realty, through Vikas Parks Pvt. Ltd., has acquired 8.71 acres of land in Sector 99, Mohali, for INR 262.75 crore via a GMADA auction. The land will be developed into a new residential project, expanding the company's footprint in the Tricity market. Hero Realty already operates Hero Homes in Sector 88, where Phase 1 with 544 units is complete and handed over, Phase 2 with 650 units is under possession, and the final phase was launched last week across the 18.5-acre township. The Sector 99 acquisition underscores the developer's strategy to strengthen its residential presence in the high-demand Mohali market.Read more

The Bhendi Bazaar Redevelopment Project in Mumbai, driven by the Saifee Burhani Upliftment Trust (SBUT), is being recognised as one of India's most ambitious cluster redevelopment initiatives. Spread across 16.5 acres, it is replacing over 250 unsafe buildings with modern, sustainable towers while preserving the area's cultural and commercial character. More than 25,000 residents, most of them tenants, are being resettled as homeowners in well-planned apartments with improved amenities. The transformation extends to wider roads, green podiums, parking for thousands of vehicles, and sustainable features such as rooftop solar energy and native tree plantations.Read more

Apple India has renewed its lease for multiple office floors at Maker Maxity in Mumbai's Bandra-Kurla Complex, while also acquiring additional space. The combined lease now spans five floors, totaling 37,549 square feet. The agreement includes a 4% annual rent escalation and a five-year lock-in period for the newly leased 10th floor and terrace area. This expansion reflects Apple's growing presence in India, aligning with its broader strategy to strengthen both retail and corporate operations across the country.Read more

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