The Chandigarh Housing Board (CHB) has revived its long-delayed Sector 53 residential scheme, offering 372 flats, including HIG, MIG, and EWS units across nine acres. Despite strong demand-7,468 applicants for 372 units-the scheme stalled due to pricing concerns after a 30-40% cost hike following collector rate revisions. Three-bedroom flats now cost INR 2.29 crore, up from INR 1.65 crore. CHB refunded INR 7.5 crore in deposits earlier this year but is now moving toward final approvals, with launch expected in about a month. Meanwhile, CHB is planning a new 1,700-unit housing project in Sector 54, with development planning expected to conclude within six months.Read more

PwC India has opened a new 125,000 sq ft office in DLF Downtown 4, Gurugram, further strengthening its presence in the National Capital Region. This marks the firm's sixth office in the NCR and increases its regional capacity to nearly 8,000 professionals. The new facility, which accommodates over 1,200 employees, features open workspaces, collaboration zones, tech-enabled meeting rooms, innovation hubs, and dedicated client areas to support hybrid and flexible work. This move comes in response to growing client demand and the availability of a strong local talent pool. PwC also plans to open two more offices in Mumbai by the end of the year.Read more

Flexible workspace provider Innov8 has announced plans to add 11,000 new seats across major Indian cities in FY26, targeting commercial hubs in the western and southern regions. Mumbai and Pune will receive over 5,500 seats, while 4,500+ seats will be added in Hyderabad, Bangalore, and Chennai. The remainder will be allocated to NCR cities. This move follows a successful fundraising round and is backed by robust occupancy levels and growing enterprise demand. Innov8 also aims to expand its managed office footprint by 4 million sq ft over the next three years.Read more

Renowned filmmaker Subhash Ghai, in partnership with Crest Ventures and Mukta Arts, has leased out a commercial office space in Andheri West for a monthly rent of INR 3.38 lakh. The 7,500 sq ft office, part of the Crest Mukta development, has been let to Riya Healthcare for five years. The lease includes a 5% annual rent escalation and a total expected rental income of around INR 2.24 crore over the term. The agreement was formally registered earlier this week with a security deposit of INR 24.66 lakh.Read more

Adani Group's subsidiary, Manorview Developers, has been appointed as the Engineering, Procurement, and Construction (EPC) contractor for Paytm's upcoming IT and ITes complex in Noida's Sector 159. This development follows Paytm's termination of a previous joint development agreement due to non-compliance with NOIDA regulations, leading the company to pursue the 10-acre project independently. The appointment of Manorview Developers signifies a significant step forward for Paytm's complex, originally allocated by the Noida Authority in 2018, and underscores the growing demand for large-scale IT infrastructure in the National Capital Region.Read more

The Indian real estate sector is witnessing significant leadership changes at two prominent firms. Priyansh Kapoor, formerly Godrej Properties' Zonal CEO for the Mumbai Metropolitan Region, has been appointed as the new Whole-time Director and CEO of Arvind SmartSpaces (ASL), effective next month. His departure from Godrej Properties led to the appointment of Amitesh Shah as the new Zonal CEO MMR. Concurrently, Godrej Properties also announced Sandeep Navlakhe as its new Chief Operating Officer, following Vikas Singhal's resignation.Read more

In Thiruvananthapuram, renovation of 186 dilapidated homes in Bonacaud is set for completion by December, offering plantation workers safe, dignified housing as a New Year's gift. Once part of the historic Bonaccord tea estate, workers had lived in rundown "layam" units since the estate's closure in the early 2000s. The INR 4 crore project is jointly funded by the labour and plantation departments. It aligns with Kerala's LIFE Mission, which provides secure housing and inclusive support to vulnerable groups. This initiative marks a major step in restoring dignity and stability for the long-marginalized plantation worker community in Bonacaud.Read more

Sunteck Realty Ltd has signed a joint development agreement with a private landowner to build a luxury residential project on a 3.5-acre plot at Mira Road, Mumbai. Located along the Western Express Highway, the project will offer 5.5 lakh sq ft of saleable RERA carpet area, with an estimated Gross Development Value (GDV) of INR 1,200 crore. This move aligns with Sunteck's asset-light strategy focused on premium housing in emerging suburban markets. Known for upscale developments in Goregaon, Oshiwara, and Naigaon, the company continues to secure key land parcels through partnerships, aiming to meet rising demand in fast-growing transit-linked corridors.Read more

The Lucknow Development Authority (LDA) has initiated an e-auction process for around 200 residential plots located across some of the city's most sought-after areas, including Basant Kunj, Priyadarshani Colony, Kanpur Road, and both Gomtinagar and its extension. The available plot sizes range from 60 m² to 252m². Complete details including base prices, plot numbers, and location maps are available online. This move follows a recent auction of premium plots and commercial complexes, forming part of the LDA's wider strategy to better utilize idle land and meet the city's growing demand for organized housing.Read more

Beta Group, a USD 4 billion diversified transnational conglomerate, has formally entered India's real estate and infrastructure sector through a strategic investment in Anta Builders, a prominent Kerala-based construction and property development company. Beta Group will acquire a 10 percent stake in Anta Builders, valued at INR 550 crore, and will join its board. This partnership aims to jointly raise INR 500 crore for future projects, focusing on high-growth urban centers like Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.Read more