UP govt validates Noida authority’s cancellation of IT plots

NOIDA: The Noida authority has said that it has cancelled the allotment of information technology (IT) and information technology enabled services (ITES) plots where no construction has taken place so far despite various notices. “We have cancelled the allotment of those plots, which remained without being functional despite notices in the past,” said Lokesh M, […]

The broken promise of India’s heritage

The country continues to face a heritage crisis of monumental proportions despite several government initiatives over the decades. Can public–private partnerships, leveraging adaptive reuse, help revive its built legacy? The 110-year-old Butler Palace—built in 1915 for Sir Spencer Harcourt Butler—is being restored by the Lucknow Development Authority (LDA) into a cultural hub. (Deepak Gupta/HT Photo) […]

Mumbai real estate: Can homeowners legally divide a single apartment into two units? Here’s what you should know

The Bombay High Court recently intervened to stop the division of a 620 sq ft apartment into two units in a suburban Mumbai housing society, agreeing with the society’s claim that the split was carried out ‘illegally’. The interim order was issued after the housing society approached the court, alleging that one of its members […]

Office leasing in Bengaluru, Delhi-NCR and Mumbai to touch 50 million sq ft in 2025 driven by strong GCC demand

India’s office market stood out in the Asia-Pacific region, defying regional slowdown with strong growth across key cities. Bengaluru, Delhi-NCR, and Mumbai recorded an average 4.3% annual rise in prime office rentals during July–September. Office space leasing across these cities is projected to reach 50 million sq ft in 2025, surpassing the 2024 record of […]

Missed Diwali offers? Smart financial tips for buyers planning to invest in property

Missed the festive offers this Diwali? Don’t worry, it’s never too late to plan your home purchase. Festive deals can be attractive, but buying a home should align with financial preparedness not seasonal discounts. Rohan Jha, a 32-year-old marketing executive in Mumbai, is following a six-month roadmap to successfully buy his first home. He had […]

Mumbai real estate developers meet municipality chief, propose 10:10:80 premium payment structure

Real estate developers from associations including CREDAI-MCHI, NAREDCO, BDA, and PEATA met with Brihanmumbai Municipal Corporation (BMC) Chief Bhushan Gagrani on October 24 to discuss key sector challenges and proposed a rationalised premium payment plan under a 10:10:80 structure. Among the key recommendations made during the interaction was a call to rationalise the premium payment […]

IKEA India leases 37,259 sq ft retail space at Pune’s Phoenix Marketcity Mall for ₹23.54 crore for nearly five years

Swedish home furnishings giant IKEA India Private Limited has leased 37,259 sq ft of retail space at Phoenix Marketcity Mall, Viman Nagar Road, Pune, for a total rent of ₹23.54 crore for 4 years and 11 months, according to property registration documents accessed by CRE Matrix. The ground-floor space will have a starting monthly rent […]

Mumbai real estate market: Should you buy a redeveloped apartment without parking? Here’s what homebuyers should know

As redevelopment gains pace across Mumbai, some developers on small land parcels are offering apartments without dedicated parking. Experts note this is not necessarily a shortfall, as the Mumbai Civic Body often relaxes parking requirements for redevelopment on smaller plots. However, they advise buyers to consider apartments with parking, even if they do not currently […]

Mumbai real estate market: Top 5 property transactions by Indian cricketers in 2025

In 2025, Mumbai’s real estate market continued to attract high-profile homebuyers and tenants, including cricketers, many of whom made significant property investments over the past 10 months. Below are the five property transactions by Indian cricketers in the Mumbai real estate market. 1) Cricketer Shivam Dube buys two apartments in Mumbai’s Oshiwara for ₹ 27 […]

Mumbai real estate: Do potholes and road quality affect homebuyers’ property investment decisions?

Kunal Joshi, a homebuyer exploring options in Dahisar, at the northern edge of Mumbai, said he is finding larger apartments for the same price in areas farther from the railway station, driven by the anticipated boost from the upcoming Mumbai Coastal Road connectivity. “Near Dahisar and Borivali stations, about 10–15 minutes away, a compact 2BHK […]