The Kalpataru Group has sold six floors in its Virtus office project in Vikhroli (West), Mumbai, to Bernhard Schulte Shipmanagement (BSM) for INR 304.05 crore. The deal, covering the 15th to 20th floors and spanning about 93,226 sq ft of RERA carpet area, was registered earlier this week with a stamp duty of INR 18.24 crore. Possession is scheduled for December 2028, ahead of the project's overall completion in December 2027. BSM said the acquisition supports its India expansion and growing maritime operations. For Kalpataru, this transaction builds on INR 1,200 crore in commercial sales over the past year, reflecting strong demand for Grade-A office space in Mumbai's JVLR-Powai-Vikhroli corridor.Read more

The House of Abhinandan Lodha (HoABL) made a grand entry into Nagpur with the announcement of its upcoming project Nagpur Marina through a striking aerial display over Futala Lake. Pilots flew paramotors carrying banners to introduce the brand, symbolising the marina-inspired lifestyle HoABL aims to bring - blending tranquillity with community living. CEO Samujjwal Ghosh said the launch marks a key milestone as Nagpur emerges as an economic and lifestyle hub, while CMO Saurabh Jain described the showcase as a creative, immersive brand experience. Founded in 2020, HoABL has rapidly grown across India, combining technology and transparency to redefine modern, trust-based real estate ownership.Read more

Tidel Park Limited, backed by the Tamil Nadu government, has partnered with Trichy Corporation to develop a major IT and ITES hub in Panjapur, Trichy. A special purpose vehicle, Tidel Park Trichy Limited, has been formed to oversee the INR 462.5 crore project. The corporation leased 14.1 acres near the KKBT junction for 45 years in exchange for equity worth INR 23.7 crore, while Tidel Park holds a 74.4% stake. Construction has begun, with 10% of pile work completed. Funded through equity and institutional loans, the project aims to create a modern tech campus, boosting Trichy's IT ecosystem, employment potential, and regional economic diversification.Read more

Qatar National Bank has renewed its lease for 8,079 sq ft at Maker Maxity in Mumbai's Bandra Kurla Complex (BKC) for five years, starting at a monthly rent of INR 62.6 lakh, or INR?775 per sq ft. The bank has occupied this space since 2016, with previous rents rising from INR 381 per sq ft to INR 438 per sq ft in 2020. The new lease, starting 26 October 2026, includes a 4.5% annual escalation, ten car parking spaces, a security deposit of INR 7.51 crore, and a five-year lock-in, highlighting strong demand for premium office spaces in Mumbai.Read more

In one of Navi Mumbai's biggest land deals, CIDCO sold a 42,000 sq. m. (over 10-acre) plot in Kharghar's Sector 23 to Aakar Developers for INR 2,120 crore, translating to about INR 5 lakh per sq. m. - the highest rate recorded in the area. The developer must pay 50% of the amount within three months. While higher FSI has improved project viability, the four-year completion deadline and strict penalties remain challenges. The deal cements Kharghar's position as a premium real estate hub, supported by strong infrastructure, education, and lifestyle amenities, as Aakar Developers prepares to deliver on this landmark investment.Read more

Pioneer Urban Land and Infrastructure Ltd has recently purchased a 9,419 sq ft apartment in DLF's premium residential project, The Camellias, located in Gurugram. The deal, valued at INR 95 crore, was confirmed by real estate analytics firm CRE Matrix after reviewing the registration documents. The registration took place in the past month. Alongside this purchase, three additional residential properties, collectively worth about INR 176 crore, were also registered during the same period, highlighting the continued strength of Gurugram's ultra-luxury housing segment.Read more

Coal India Limited (CIL) has partnered with Damodar Valley Corporation (DVC) to jointly expand the Chandrapura Thermal Power Station in Jharkhand, in a project worth nearly INR 21,000 crore. The two entities will share equity equally and develop two ultra-supercritical units of 800 MW each, adding 1,600 MW of capacity. Coal for the project will be supplied by CIL�s subsidiary, Central Coalfields Limited, with operations targeted to begin by FY 2031-32. Leveraging existing infrastructure, the brownfield project aims to ensure cost efficiency and timely execution. The collaboration strengthens India�s power generation base, supporting long-term energy security and sustainable growth.Read more

Welspun Enterprises Ltd (WEL) announced earlier this week that it had received a significant contract to design, construct, and operate a 910 MLD water treatment plant at Panjrapur in Maharashtra. The project, valued at INR 3,145 crore, is set to enhance Mumbai�s water infrastructure using advanced technology solutions. Partnering with Veolia as its technology provider, the project includes extensive civil, mechanical, electrical, and instrumentation works. The company�s consolidated order book is expected to reach INR 16,330 crore following this development.Read more

Godrej Properties remains confident of achieving or surpassing its FY26 pre-sales target of INR 32,500 crore, driven by sustained housing demand across major cities. Executive Chairperson Pirojsha Godrej said the firm met 48% of its annual target in the first half, with pre-sales rising 13% year-on-year to INR 15,587 crore. The company also reported a 21% increase in quarterly net profit to INR 402.99 crore and total income of INR 1,950.05 crore. A major Worli project with over INR 10,000 crore revenue potential is expected to boost results. Supported by strong cash flow and a INR 6,000 crore equity base, the firm remains focused on growth across key metros.Read more

NVT Quality Lifestyle has announced an ambitious plan to triple its growth by developing three million sq. ft. of premium housing in Bengaluru over the next three years, targeting annual sales of INR 1,200�1,500 crore. Leveraging its strong land reserves in Whitefield and Sarjapur, the company aims to expand its footprint in the city�s fast-growing luxury housing market. Founding Director Dr Vivek Garg said two major villa projects will launch within six months, with further expansion planned in North Bengaluru. Established in 2010, NVT has delivered over 1,000 villa homes and built a reputation for quality, transparency, and design-led, professional development.Read more