REAL ESTATE DEVELOPMENT
Iraq cancels $764 million Baghdad airport project over corruption concerns
Iraqi Prime Minister Ali al-Zaidi has put a halt to the $764 million initiative to revamp Baghdad International Airport, following serious allegations of corruption surfacing among government ranks. This bold decision reflects his commitment to an anti-corruption stance and aims to restore public trust.
Hurdles behind India's supertall buildings & vertical ambitions
India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.
Celebrities are buying land in temple cities; but should you follow suit and buy property?
Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spiritual hubs are experiencing rapid infrastructure development and rising tourism, driving property appreciation. Individual buyers should research economic fundamentals and infrastructure pipelines rather than solely following celebrity trends.
Maharashtra’s Ready Reckoner revamp may align valuations with market realities
In a bold move, Maharashtra is gearing up to implement micro-zoning alongside tailored Ready Reckoner rates, a shift designed to refine property valuations by taking into account unique local market conditions. This initiative promises to elevate transparency in property dealings, thus narrowing valuation inconsistencies. Experts anticipate that this reform can catalyze progress in redevelopment initiatives and sharpen investment strategies.
Corporate job quit, real estate reality: Man shares 9 eye-opening lessons after 6 months
A former corporate project manager has gone viral sharing insights from his six months as a real estate broker in Haryana. He has already closed four deals and participated in two property transactions. His lessons highlight client reluctance to pay brokerage, the profitability of identifying opportunities, and the critical role of documentation and information.
The quiet rise of Sohna: How a once-overlooked market is emerging as an alternative to Gurugram’s luxury housing
Sohna is becoming a key residential market in Delhi-NCR. Buyers now prioritize lifestyle, space, and quality of living. Improved infrastructure and connectivity make Sohna an attractive option. It offers larger homes and planned communities. This shift redefines premium living beyond traditional luxury addresses. Sohna presents a new way to live in the region.
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Govt’s Bidadi township project aimed to benefit real estate interests, alleges union minister Kumaraswamy
Union Minister H D Kumaraswamy has intensified his attack on the state government's Bidadi township project. He challenged Chief Minister DK Shivakumar to visit affected villages and assess the landowners. Kumaraswamy announced plans for a legal challenge against the final land acquisition notification. He stated that the project lacks farmers' consent and is driven by private interests.
Prestige Group to invest Rs 1,800 crore in integrated destination at Bengaluru Airport City
Prestige Group will invest Rs 1,800 crore to build a large integrated destination at Bengaluru Airport City. The project will feature a convention centre, luxury hotels, office spaces, and retail. This mixed-use development aims to combine business, hospitality, culture, and entertainment. Construction is set to begin in early 2027.
From Dhobi Ghat to luxury towers: How redevelopment is unlocking Mumbai's next real estate boom
Mumbai's property landscape is shifting towards redevelopment as developable land becomes scarce. Historic Mahalaxmi is transforming into a premium residential hub, driven by infrastructure upgrades and developer focus on established neighbourhoods. This trend signals a future growth model for the city, prioritizing reinvention over outward expansion.
Record 5.4 lakh homes set for delivery in 2026, but West Asia war clouds execution outlook
India's top cities are set for a record housing completion in 2026. Over five lakh homes are scheduled to be delivered. Developers face challenges due to global conflicts impacting costs. This year will test their execution capabilities. Successful delivery will boost buyer confidence and mark a new phase for real estate.
Prime Litmus Investment Management launches real estate opportunities fund, a Category II AIF
Prime Securities has launched the Prime Litmus Real Estate Opportunities Fund, a Category II AIF targeting Rs 750 crore with a Rs 250 crore green shoe option. The fund will focus on structured credit investments in under-construction real estate projects across key Indian metropolitan regions, aiming for 18-20% IRRs over six years.
Noida Sports City revival helps developer to launch new projects amid constraints in land supply
Noida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decision, a massive 20 million sq ft of residential and commercial space will soon be under construction. This development marks a crucial victory for countless homebuyers, with developers collaborating to finalize these projects.
ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategy
ASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai, Delhi NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund aims to support developers with structured financing for mid-segment housing. It will also focus on lender replacement and completing stalled projects.
Godrej Properties sells over 1,000 apartments in Bengaluru for Rs 2,000 crore
Godrej Properties has achieved a significant milestone in Bengaluru. The company sold more than 1,000 apartments in its new residential project, Godrej Vanantara. This sale generated over Rs 2,000 crore. The project, launched in early June, spans 36 acres. This strong performance highlights the company's successful customer-centric approach and strategic planning in the real estate market.
Vegas Group buys over 10 acres of land in New Delhi for mixed-use project
Vegas Group has acquired a significant land parcel in Dwarka, New Delhi. The joint venture plans to develop a large mixed-use project. This development will include a mall, offices, hotels, and serviced apartments. The project is expected to boost the region's growth and meet existing demand for commercial spaces. Investment in this venture is projected to be substantial.
Avani Infratech lines up Rs 750 crore for real estate expansion in FY27
Avani Infratech will invest Rs 750 crore in three new projects by FY27. The company is launching residential and commercial developments in Sonipat and Sohna. An industrial township is also planned for Sonipat. This expansion targets Tier 2 and Tier 3 markets, recognising their growth potential. Avani Infratech aims to strengthen its presence in key growth corridors.
Avani Infratech to invest Rs 750cr on 3 new realty projects at Gurugram, Sonipat in Haryana
The Delhi-based company has developed few projects so far, including an industrial township, and holds a land bank of more than 300-acre for future real estate projects.
SC directs implementation of mediated settlement in long-running Ardee family dispute
A Bench comprising Justice JK Maheshwari and Justice Atul S Chandurkar took note of the progress made through the mediation process and directed the parties to proceed with implementation of the settlement arrived at during court-monitored mediation proceedings.
SC directs execution of settlement in Ardee group family dispute
The Supreme Court has ordered the implementation of a settlement in a property dispute concerning the Ardee Group. The disagreement involved the daughters of late developer Ashok Varma. A mediator appointed by the court facilitated the resolution of major disputes. The court has granted time for the parties to complete the settlement process and implement the agreed terms.
Arnya Realestates Fund invests over Rs 1,000 cr across 11 housing projects
Arnya’s debt strategy is expected to reach a total deployment commitment of Rs 1,200 crore, including direct investments, by the time of its final close, which is targeted for June end. The firm is also planning to launch the second series of its debt strategy during the second quarter of the current financial year.
Real Estate vs equities: Why wealthy investors are increasingly choosing bricks over stocks
India’s wealthy investors are increasingly allocating capital to premium residential real estate as market volatility prompts a search for stability and long-term wealth preservation. Experts say infrastructure-led growth, improving transparency, tangible ownership, and predictable appreciation are making premium property an attractive complement to equities in diversified portfolios.
Stable rates, steady demand: Why real estate players see RBI's pause as a confidence booster
With retail inflation easing to 3.48% in April and remaining below the RBI's 4% target, industry stakeholders see little immediate pressure on interest rates, creating a favourable backdrop for the housing market.
Stable home loan interest rate to sustain housing demand: Industry bodies CREDAI, NAREDCO
The RBI has kept the repo rate steady at 5.25 percent. Real estate industry bodies CREDAI and NAREDCO welcomed this move on Friday. They believe stable interest rates will support housing demand. This decision offers predictability for developers and homebuyers. It aims to maintain market stability amidst global economic challenges.
IVY County: At the intersection of global trends and East Bengaluru's growth story
Bengaluru's real estate focus is shifting to East Bengaluru's Sarjapur-Varthur-Gunjur corridor. This region offers significant investment potential driven by growing tech hubs, infrastructure upgrades, and increasing demand for premium homes. Corridors like Sarjapur, Whitefield, and Varthur are experiencing strong growth. Investors are prioritizing integrated ecosystems with employment sustainability and robust connectivity.
Kotak Alts raises $1 billion through 14th real estate fund
Kotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the fund with over six hundred seventy-five million dollars. The National Pension Service of the Republic of Korea also made its first investment in Indian alternatives. This fund will finance growth and development across Indian real estate.
Godrej Properties buys 23-acre land in Greater Noida for Rs 500 cr to build homes
Godrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of over Rs 7,000 crore", the filing said.
Suraj Estate acquires development rights for Mahim land parcel, eyes Rs 800 cr GDV
Suraj Estate Developers is set to acquire development rights for a 0.72-acre land parcel in Mahim (West), Mumbai, for Rs 75 crore. This strategic acquisition is expected to boost the company's commercial footprint in South Central Mumbai, adding approximately 1.50 lakh sq ft of saleable area with an estimated gross development value of Rs 800 crore.
Puravankara inks joint development pact for 11.23-acre Bengaluru land parcel
Realty firm Puravankara Ltd has secured an 11.23-acre land parcel in Doddagubbi, North Bengaluru. This joint development agreement is valued at Rs 1,100 crore. The project will feature residential apartments with a developable area of 0.74 million sq ft. This move strengthens Puravankara's presence in Bengaluru, its primary market. The company aims for significant sales growth in the coming years.
TARC Ltd income jumps to Rs 671.78 crore in FY26, company turns profitable
TARC Limited has reported a substantial increase in income and profit for FY2026. This growth is attributed to the commencement of property handovers at TARC Tripundra and strong customer engagement at TARC Kailasa. The company is also expanding its ultra-luxury development pipeline.
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