PROPERTY DEVELOPMENT
Arunoday Singh-headed O-Health secures strategic funding
O-Health has received strategic funding from several investors to advance its healthcare technology solutions. The company aims to enhance its voice-first AI-enabled clinical pre-assessment platform for better patient information management. The investment will support the expansion into additional healthcare sectors and development of indigenous AI models and clinical hardware. O-Health plans to broaden its focus to include preventive health technologies and intelligent hospital workflows.
Akhilesh Yadav targets BJP after part of Bismillah Khan's house demolished, Varanasi officials deny role
Samajwadi Party leader Akhilesh Yadav criticised the BJP government for the demolition of Bismillah Khan's home. He expressed concerns about the loss of cultural legacy and the integrity of Bharat Ratna awardees. Municipal officials clarified that the family chose to demolish the structure independently after declining a museum proposal. The Varanasi Municipal Corporation had earlier issued a notice concerning the building's dilapidated condition.
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
Katy Perry-Russell Brand's former 103-year-old marital home listed for $275,000 monthly rent; Drake, Adele, Lewis Hamilton among celebrity visitors
Katy Perry and Russell Brand's opulent estate in Hollywood Hills is on the rental market at a staggering price. Originally acquired in 2011 for $6.5 million, they never occupied the home. Following Brand's recent conviction on serious charges in a London court, this newly renovated property flaunts an array of luxury amenities and has attracted visits from numerous celebrities since its 2013 sale.
Maryland's 1924 McCormick-Goodhart Mansion stood empty for years; CASA restored the house as a social services center, preserving its grand staircase and adding a green roof
The McCormick-Goodhart Mansion in Langley Park was initially built in 1924 and later became a community hub. After being left empty for years, CASA de Maryland purchased it in 2009. The renovation utilized historic tax credits and aimed for LEED Gold certification. Modern eco-friendly features were added while restoring the mansion's historical elements, including the staircase. This transformation highlights the potential of older buildings to serve new purposes within communities.
Govt takes over 39.5-acre Air Force Sports Complex near PM's residence in Delhi
The Centre has taken possession of 39.5 acres housing the Indian Air Force's Sports Complex near the Prime Minister's residence at Lok Kalyan Marg in Delhi. The move is part of a wider land reclamation exercise that has also involved the Delhi Race Club, Jaipur Polo Ground and Delhi Gymkhana Club.
Kentucky company paid $800,000 for Ohio river land, but why was its compensation lawsuit over floodplain rules ruled premature
A Kentucky company that bought four acres along the Ohio River for $800,000 sued local authorities, claiming floodplain rules had stripped the property of its economic value. But an appeals court rejected the claim, saying the company had never applied for a variance or obtained a final decision on what it could build.
Two Iowa families donated adjoining properties totaling 21 acres for wildlife; the land was transferred to county conservation for public use
A heartwarming act in Pocahontas County, Iowa, sees neighbors John and Sally Pascal team up with Gail Ewan to donate land for a new 21-acre conservation area. Their contributions to the Iowa Natural Heritage Foundation are a testament to community spirit, ensuring the land remains untouched for wildlife and outdoor enjoyment. This initiative not only serves wildlife but also reinforces a legacy of conservation for the community's future.
Do luxury townships really earn higher rents in Mumbai? Here's what buyers should check
Mumbai's luxury housing market is experiencing increased interest in residential townships. But buyers should consider various factors impacting rental yields before making investments. Evaluating the developer's track record and comparing resale potential are also crucial. Additionally, understanding maintenance charges related to townships can affect actual returns.
Rs 9,000 crore land assets monetised so far in FY27
The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another Rs 4,000-5,000 crore belonging to public sector undertakings (PSUs) in the pipeline. These are at various stages of processing, providing an additional pipeline of potential transactions.
Listed realty firm Phoenix Mills Ltd appoints Parveen Mahtani as group legal head
An alumna of Government Law College (GLC), Mumbai, Mahtani began her career at the law firm Desai & Diwanji as an associate, then joined another firm, Nishith Desai Associates. In 2005, she moved to an in-house role and joined IL&FS Trust Company Ltd. as legal head for the debt recovery division.
Mahesh Babu picks up stake in gaming startup Shortgun Games
The startup, founded by Jeet Chandan and Vidhit Mehta, is developing its flagship title, Project Takedown, a 10-15-hour action-adventure game set in a near-future Mumbai. The game, designed exclusively for PC and modern console platforms, including PlayStation 5 and Xbox Series X|S, is primarily targeted towards international audiences, including the US, Europe and Japan. The founders expect the game to launch by 2028-end.
Shahrukh Khan House: From a rented house in Delhi to Mannat in Mumbai and Jannat in Palm Jumerah in Dubai, how Shah Rukh Khan built his dream homes
Shah Rukh Khan's property journey stretches from the South Delhi home where he began married life with Gauri Khan to Mumbai's iconic Mannat and Dubai's Palm Jumeirah villa Jannat. In July 2026, the actor also became the sole owner of his former Delhi residence after acquiring its remaining floors for around Rs 37 crore.
Lodha Developers to invest Rs 1,200 crore in first Delhi-NCR project on Gurugram's Golf Course Road
Lodha Developers has announced plans to invest approximately Rs 1,200 crore for an office complex in Gurugram. This project will be located on the strategic Golf Course Road, attracting significant business interest. The complex is expected to feature 4 lakh sq ft of Grade A++ office space, with large floor plates appealing to potential buyers.
Pharma company Gufic buys luxury duplex in Mumbai’s Juhu for over Rs 236 cr
Gufic has made a significant real estate purchase with the acquisition of a luxury apartment in Mumbai. The duplex is located in the upscale Lodha Avalon project on Juhu Tara Road, featuring 19,694 square feet of space. This transaction, valued at Rs 236.33 crore, highlights the ongoing demand for luxury residential properties in the city. The purchase also involved a considerable stamp duty of Rs 14.18 crore for registration.
Lodha Developers H1FY27 net profit soars 63%, expects to beat full-year guidance
Lodha Developers reported a 63% rise in first-half FY27 profit to Rs 2,386 crore, driven by strong property sales and market expansion. The developer expects to exceed annual profit guidance while pursuing data centres to boost recurring income.
Delhi air force ground closure: Why govt is reclaiming prime Lutyens land near PM house including Race Club, Jaipur Polo Ground and Gymkhana Club
The closure of the Air Force Sports Complex on October 28 is the latest development in the government's drive to reclaim prime land near Lok Kalyan Marg. After taking over the Delhi Race Club and Jaipur Polo Ground and terminating the Delhi Gymkhana Club's lease, questions remain over the Centre's plans for these properties.
Mahindra Lifespace Developers pre-sales rise 66% to nearly Rs 2,000 cr in Apr-Sep
Mahindra Lifespace Developers Ltd has seen impressive financial growth, with sales bookings skyrocketing by 66% to reach Rs 1,988 crore this year. The second quarter alone saw bookings rise to Rs 1,063 crore from Rs 752 crore in the previous year. While tax expenses increased, net profit for the September quarter stood at Rs 16.34 crore, and total income surged to Rs 104.
UK Budget: What is the ‘Your First Home’ scheme announced by Chancellor John Healey? Check eligibility, property price limits, and other details
UK Chancellor John Healey announced a new scheme named Your First Home to support first-time homebuyers. This initiative allows eligible buyers to purchase homes with a minimum deposit of 2.5% and provides a 20% government-backed equity loan. Income limits apply, with caps based on local property prices to ensure assistance reaches those in need. Developers will contribute towards the scheme, which will have a capped annual funding.
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