Smartworld Developers enters Noida, plans ₹3,000-crore mixed-use project

Gurugram-based Smartworld Developers has announced its foray into Noida with the acquisition of a roughly 6-acre land parcel in Sector 98, where it plans to launch a mixed-use development comprising branded residences, high-street retail and serviced homes. The land, located along the Noida Expressway, was secured through an auction for ₹414 crore, and the project’s […]

RBI Monetary Policy: Will the central bank’s rate cut revive housing demand and convert fence-sitters into buyers?

The RBI’s 25-basis-point repo rate cut to 5.25% is expected to make advances, including home loans, more affordable, offering timely year-end relief for homebuyers as high property prices persist. Real estate experts say the move could draw first-time, affordable, and mid-market buyers back into the market. Its true impact, however, hinges on the speed and […]

Maharashtra Tribunal blames developer’s ‘greed’ for Panvel project delay and orders interest compensation to the buyer

The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s Sanvo Resorts Pvt Ltd to pay interest to a homebuyer for the delayed possession of an apartment in its Marathon Nextzone project in Panvel, near the upcoming Navi Mumbai International Airport (NMIA). Delayed possession: Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s […]

Father-son builder duo arrested after allegedly duping homebuyers of crores of rupees

MUMBAI: The Kasturba Marg Police on Wednesday arrested a father–son builder duo accused of duping several homebuyers of crores of rupees by luring them into purchasing flats and plots that were never delivered. Father-son builder duo arrested after allegedly duping homebuyers of crores of rupees The accused, Ashok Jethwa, 55, and his son Mihir Jethwa, […]

Over 34,000 DDA flats remain unsold; nearly half of Narela units still vacant

New Delhi DDA has recently launched the 2-BHK flats in Karkardooma Towering Heights, as part of the city’s first transit-oriented development (TOD) site. (HT archive) The Delhi Development Authority (DDA) currently holds 34,052 unsold flats across the Capital, including 31,487 unsold units in Narela alone, according to a written reply tabled in the Parliament on […]

Brigade Enterprises Limited acquires 4.04 acres land parcel in Hyderabad auction

Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about ₹118 crore per acre through an auction conducted by the Hyderabad Metropolitan Development Authority, the company said in a statement on Dec 4. Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about […]

Smartworks leases around 1.68 lakh sq ft of office space to a leading IT services major in Kolkata

Smartworks Coworking Spaces Limited, a leading managed office platform by total area under management, has leased approximately 1.68 lakh sq ft in Kolkata to a global information technology, consulting, and business process services provider, the company said in a statement. Smartworks Coworking Spaces Limited has leased approximately 1.68 lakh sq ft in Kolkata to an […]

Worli dominates India’s ₹40-crore-plus luxury real estate market, logs ₹5,500 crore in two years

Across India. from Bengaluru’s tech corridors to Delhi’s power hubs, Worli alone accounts for nearly half of all residential transactions above ₹40 crore. The neighbourhood’s concentration of wealth is evident: in just two years, more than 30 homes priced above ₹40 crore each were sold, totalling over ₹5,500 crore and resetting India’s luxury real estate […]