The Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) launched the sixth phase of its direct allotment scheme, offering about 6,000 industrial plots across nearly 100 industrial areas in the state. The scheme is available to investors who signed memoranda of understanding under the Rising Rajasthan summit. It includes dedicated reservations for SC/ST entrepreneurs, women, ex-servicemen and persons with disabilities. For plots up to 50,000 sq m, direct allotment applies if there's a single applicant, while contested lots go to lottery; larger plots are allotted based on eligibility and land-requirement.Read more

Smartworks Coworking Spaces Ltd has leased 8.15 lakh sq ft of office space in Mumbai from the Hiranandani Group to create what it says will be the world's largest managed workspace campus. The new facility, located at Vikhroli in the Regalia Office Parks project, is expected to be operational by late 2026. The partnership marks a major milestone for Smartworks, which already manages over 12 million sq ft of workspace across 14 cities in India and Singapore. The company continues to expand its focus on large, sustainable, and enterprise-driven office campuses.Read more

The Maharashtra government has signed a Memorandum of Understanding (MoU) with Haryana-based GSC PSP Maha Pvt Ltd for the Panchmauli-Devalipada Pumped Storage Hydroelectric Project in Dhule and Nandurbar districts. Valued at INR 8,000 crore, the initiative is set to generate 1,500 MW of power and create 2,500 jobs. The project is also anticipated to contribute around INR 1,100 crore in annual revenue, bolstering the state's renewable energy infrastructure and economic growth.Read more

Mahindra Lifespace Developers Ltd has signed a memorandum of understanding (MoU) with Tata Projects Ltd to collaborate on construction across its upcoming developments, starting with the Mahindra Vista Project in Kandivali, Mumbai. Under this partnership, Tata Projects will act as a strategic construction partner, providing execution expertise and enhancing scalability in project delivery. Mahindra Lifespaces stated that the alliance underscores its focus on sustainable construction and innovation in urban development. The collaboration is expected to streamline operations, boost efficiency, and maintain high-quality standards, setting a benchmark for sustainable and timely project execution across Mahindra Lifespaces' future real estate ventures.Read more

UP RERA has approved 15 new real estate projects across eight districts of Uttar Pradesh, involving an estimated investment of INR 2,434 crore. The clearances, issued during the authority's 187th meeting chaired by Sanjay Bhoosreddy, cover 3,043 residential flats, 98 plots, and 50 commercial shops. Projects were sanctioned in Lucknow, Shahjahanpur, Mathura, Moradabad, Ghaziabad, Hapur, Noida, and Jhansi, with most being residential. Bhoosreddy said the approvals will boost transparency, employment, and investment, reflecting the state's expanding real estate potential. The developments are expected to create thousands of jobs and stimulate demand in allied industries, reinforcing Uttar Pradesh's balanced and inclusive property market growth.Read more

DLF Ltd has sold 221 super-luxury apartments worth about INR 16,000 crore in its premium residential project, 'The Dahlias,' located in Gurugram's DLF Phase 5. The project, launched last year, comprises 420 apartments and penthouses spread across 17 acres. The developer has already achieved sales bookings of INR 15,818 crore till the September quarter. A single buyer recently purchased four apartments for INR 380 crore. Despite a dip in quarterly profit, DLF remains confident of achieving its annual sales guidance, supported by this project and upcoming launches.Read more

RangSons Aerospace, a Mysuru-based firm, inaugurated a new state-of-the-art aerospace unit after partnering with Boeing. The inauguration was attended by Karnataka's Industries Minister M B Patil, who praised the company's journey from incense trading to aerospace manufacturing. He highlighted that Karnataka contributes nearly 65 % of India's aerospace and defence output. The minister also awarded certificates to 60 ITI graduates trained by RangSons, noting that 70 % have already been employed by the company, aligning with the 'Make in India' initiative.Read more

The state urban development department has named the Slum Rehabilitation Authority (SRA) and Dharavi Redevelopment Project (DRP) as special planning authorities for the 42.51-acre Jamasp Salt Pan land in Mulund East and the 8.5-hectare Kurla Dairy land. These parcels form part of the 256-acre land approved by the Centre for the Dharavi redevelopment, aimed at housing ineligible residents through rental units. Navbharat Mega Developers Pvt Ltd, the special purpose vehicle for the project, paid INR 320 crore for the Salt Pan land, which it took possession of earlier this year.Read more

Starlink Satellite Communications Pvt Ltd, the Indian arm of SpaceX, has leased a 1,294 sq ft office in Mumbai's Boomerang commercial complex, Chandivali, marking a key step in expanding its India presence. The five-year lease, registered earlier this week, carries a monthly rent of INR 3.52 lakh with a 5% annual escalation and a security deposit of INR 31.7 lakh. The move aligns with Starlink's preparations to launch satellite broadband services pending Department of Telecommunications approval, and its plan to establish nine gateway earth stations, including one in Mumbai.Read more

Shriram Properties Ltd has entered into a joint development agreement with a landowner to develop a premium residential project in Hinjewadi, Pune, with an estimated gross development value (GDV) of around INR 700 crore. The project, spread across 0.7 million sq ft, will be the company's second venture in Pune. The firm, which recently entered into another similar agreement in North Bengaluru, continues to expand its footprint in key urban markets, supported by strong demand from the city's IT and industrial sectors.Read more