BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more

JPMorgan Chase has sub-leased 176,000 sq ft of office space in Hyderabad, marking one of the largest financial-sector leasing deals in the city this year. The Grade-A facility in Madhapur, taken through a general services agreement with a managed-workspace operator, offers over 124,000 sq ft of carpet area. The five-year lease began in mid-November and carries a high monthly rental with a significant security deposit. The expansion adds to JPMorgan's existing hubs in Hyderabad, Mumbai and Bengaluru, where it supports global technology, compliance and analytics functions. The deal highlights Hyderabad's rising appeal for multinational occupiers and reinforces strong demand for premium, ready-to-move office space.Read more

Bhasyam Developers has purchased Standard Chartered Bank's 5.5-acre property in Nungambakkam, Chennai, for about INR 1,200 crore, marking one of the city's biggest land deals in recent years. The site includes nearly 4.5 lakh sq ft of existing office space that originally belonged to ANZ Grindlays Bank before Standard Chartered took over its India operations in 2000. The company plans to redevelop the centrally located plot into a luxury residential and retail-focused project. The transaction also reflects the rising value of prime land in Chennai's core micro-markets.Read more

Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

Earlier this week, the parents of actor Kartik Aaryan purchased an office unit in Vile Parle, Mumbai for INR 10.83 crore, strengthening the family's presence in the city's commercial property market. The 1,228 sq ft RERA-certified office, located on the first floor of Notan House in the JVPD area, includes two car-parking slots. The transaction, registered in the past week, involved a stamp-duty payment of more than INR 65 lakh and a registration fee of INR 30,000. This deal follows their earlier investment in an Andheri West office unit, reflecting a sustained interest in premium commercial real estate.Read more

SmartHomes Infrastructure Pvt. Ltd. has joined the Gujarat Chamber of Commerce & Industry (GCCI), one of India's oldest and most respected business bodies. The move highlights the company's growing role in Gujarat's development, especially through its long-standing work in Dholera Special Investment Region. SmartHomes also signed an MoU with the state government during the Vibrant Gujarat Summit, aligning with plans to attract global investment and accelerate large-scale infrastructure in Dholera. The company has spent over a decade supporting projects such as the expressway, international airport and activation area works. Its leadership said the GCCI membership reinforces its commitment to building a sustainable, advanced smart city.Read more

Subhra Sen, mother of actor Sushmita Sen, has purchased two apartments in Elysian by Oberoi Realty in Goregaon East for a combined value of INR 16.89 crore. Both units measure 163.59 sq metres (around 1,760 sq ft) and include one parking space each. For the first unit, she paid a stamp duty of INR 42.02 lakh and a registration fee of INR 30,000, while the second unit involved a stamp duty of INR 42.49 lakh and registration charges of INR 30,000. The purchases add to the steady demand seen in this project.Read more

Knauf India has expanded its manufacturing capacity at its Khushkhera facility by inaugurating a new Metal Line, effectively doubling the plant's overall output. The development reflects the company's broader strategy to enhance domestic production and support the rising demand for drywall and ceiling solutions in India. To mark the milestone, Knauf organised a Dealer Engagement Day, featuring a plant tour, technical showcases, sustainability activities and engagement events. The company emphasised that the new line incorporates advanced technologies aimed at improving accuracy, reducing waste and ensuring consistent product quality.Read more

Smartworks Coworking Spaces Ltd has leased around 1.68 lakh sq ft of office space in Kolkata to a global IT services company, marking another large enterprise deal for the recently listed workspace operator. The new office spans Smartworks' Victoria Park and Mediasiti campuses in Salt Lake City, Sector V, reinforcing growing demand for managed workspace solutions among major corporates.Read more

The Andhra Pradesh government has cleared the allotment of 480 acres in Visakhapatnam and Anakapalli to Adani Infra (India) Pvt. Ltd., a notified partner of Raiden Infotech India, a Google company. The land will be used to build 1 GW AI data centres, among the largest in the country. Raiden is investing over INR 87,500 crore in the state and will receive INR 22,000 crore in incentives, with benefits also sought for its partner firms. The centres will follow global Google standards and require massive power, equal to about half of Mumbai's annual usage. Chief Minister N. Chandrababu Naidu said Google's India investment commitment has risen to USD 15 billion.Read more