BlackRock Services India Pvt Ltd, the local arm of global asset manager BlackRock Inc., has signed a major lease deal in Bengaluru's prime MG Road business district. The company will occupy 1.43 lakh sq. ft. across six floors of KNG Tower 1 at Ashok Nagar, with the lease registered on August 21, 2025. The agreement begins October 1, 2025, at a monthly rent of INR 2.72 crore with 5% annual escalation and a security deposit of INR 21.75 crore. This follows BlackRock's earlier lease in Worli, Mumbai, and marks one of the largest flexible workspace deals, underscoring rising demand for premium offices.Read more

A hybrid resolution method monitored by the Supreme Court has been proposed to complete the stalled Supernova project by Supertech Realtors in Sector 94, Noida. The plan, modeled on earlier cases like Amrapali and Unitech, would put a retired judge or High Court Chief Justice in charge of supervising project revival. Suggested steps include removing current promoters from control, appointing a new board and project management consultant, and conducting a forensic audit of finances. The proposal aims to protect homebuyers' interests while respecting the rights of financial creditors.Read more

The housing and urban development department of Odisha has introduced a rental housing initiative to provide affordable accommodation for migrant workers and students in urban areas. With monthly rents fixed between INR 500 and INR 1,500, the scheme has already seen one complex become operational in Bhubaneswar while others remain under construction. The programme is aimed at improving access to safe and economical housing for vulnerable communities.Read more

Pune Municipal Corporation commissioner Naval Kishore Ram has called for stronger private participation in city development, citing the unsustainable revenue model of its properties. He explained that PMC spends INR 4,000 to maintain facilities but earns only INR 2,000, with auditorium rents set at just INR 1,000 despite daily maintenance costs of INR 2,000. Ram emphasised that hesitation to adopt PPP has left many reserved amenity lands unused or misused. He said private developers could create hospitals, schools, parking, and sports complexes on such sites. He also set a target of 75 km of quality road construction annually, with INR 200 crore recently sanctioned for repairs.Read more

The Reserve Bank of India (RBI) will set up a new office complex on a 4.2-acre site at Nariman Point, one of Mumbai's most prestigious business districts. The land, earlier owned by Mumbai Metro Rail Corporation Limited (MMRCL), was formally transferred to RBI on September 5. MMRCL had originally planned to auction the parcel, expecting INR 5,173 crore, with major real estate players showing interest. However, the tender was withdrawn after RBI expressed intent to acquire it, enabling a direct government-to-government deal. The plot, once home to party offices, was later cleared for the Vidhan Bhavan Metro station under Line 3.Read more

Amazon Development Centre India has leased 220,000 sq ft of office space from WeWork in Chennai, marking the largest single office transaction in the city this year. The 40-month lease is expected to house more than 3,500 employees, reflecting both Amazon's expansion plans in southern India and the rising demand for flexible office solutions. Chennai, which has been steadily building its reputation as a technology and business hub, now joins Bengaluru and Hyderabad as a preferred location for global corporations seeking scalable workspace options.Read more

The Lucknow Development Authority (LDA) successfully raised over INR 300 crore through a recent e-auction of various properties. The auction included school plots in Basant Kunj, a commercial plot in the Central Business District, and residential plots in Gomti Nagar Extension. Competitive bidding and strong participation highlighted growing investor confidence in Lucknow's real estate sector. The LDA's transparent processes and organized site visits contributed to the successful sale of 50 properties, showing a rising interest in both residential and commercial developments.Read more

Kalpataru Projects International Ltd (KPIL) and its overseas subsidiaries have secured fresh orders worth INR 2,720 crore. The new contracts cover both Power Transmission & Distribution (T&D) and Buildings & Factories (B&F) businesses, with repeat orders from private real estate developers strengthening the company's B&F portfolio. According to MD & CEO Manish Mohnot, KPIL's total order intake in FY26 has now reached INR 12,620 crore. With operations in more than 30 countries and a global presence in 75, the company continues to expand while building on its strong technical expertise and sustainability practices.Read more

The Godrej Enterprise Group (GEG), among Mumbai's largest private landholders, has initiated a master planning exercise for its 1,000-acre parcel in Vikhroli. Executive director Nyrika Holkar stated that while some manufacturing activities had shifted out of the site, operations would continue at Vikhroli alongside long-term systematic development. The land, largely controlled by the Jamshyd Godrej and Smita Crishna branch of the family, also accommodates Godrej & Boyce businesses, leased IT offices, and environmentally sensitive mangroves.Read more

Brigade Enterprises Ltd has announced plans to generate INR 2,500 crore in revenue through a new luxury housing project in East Bengaluru. The development, spread across 10.75 acres, will feature a saleable area potential of 2.5 million square feet under a joint venture with a landowner. The company reaffirmed its focus on Bengaluru as its primary market, highlighting the city's connectivity, infrastructure, and lifestyle strengths.Read more