Nitco and Total Environment have entered a ₹350 crore joint development agreement for plotted residential projects in Alibaug's key villages. The deal, secured with a ₹58.42 crore advance, aims to drive real estate growth in Maharashtra's Raigad district.
Construction and real estate hiring in India surged 86% between March 2023 and 2024, with Delhi, Bangalore, and Mumbai leading the demand, according to Indeed.
Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
Supertech's bankruptcy declaration by NCLT may impact 25,000 home buyers, but the developer asserts that project operations will continue unaffected.
Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.
BRERA has taken action against three developers for violating rules, freezing their accounts and banning the sale of residential units due to buyer complaints.
Gaurs Group invests ₹2,123 crore in three stalled Amrapali projects, encompassing 10,900 apartments, marking a diversification into infrastructure.
Bangalore's lakeside property construction gets green light for pre-2016 approved projects, boosting real estate market and sparking new development plans.
Unsold luxury apartments in Mumbai reach 2,300 units, with prices ranging from Rs 10 crore to Rs 23 crore, as developers adjust to consumer demand.
Reliance Infra plans to produce over 5 million tonnes of cement in Madhya Pradesh, expanding its presence in the cement manufacturing sector to bolster infrastructure services.
L&T secures a Rs 1,337 crore contract from DLF for 'The Crest,' a new residential project in Gurgaon, featuring 765 units with 250 already sold.
Amity University and RICS School of Built Environment launched new real estate and construction courses. These programs aim to address the shortage of skilled professionals in the sector.
Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.
NGT's groundwater ban for construction halts Noida, Greater Noida projects. Builders await clarification, while homebuyers worry about rising costs and project delays.
Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.
Mangalore real estate firms commit to booking prices despite rising costs and dipping ROI.
Many potential buyers are hesitant to invest in under-construction homes due to concerns about builders' reliability, despite lower prices and customization options.
Acron Infra Project is constructing a 2,800-apartment residential complex in Pune, focusing on affordability and eco-friendliness. The project, costing INR 800 crore, will be developed in six phases and offer modern amenities.
India is gearing up to host its first Formula One Grand Prix, spearheaded by Jaiprakash Gaur, founder of Jaypee Group. The race will be held at a new "sports city" being developed near New Delhi.
Shapoorji Pallonji Group aims to enhance ownership in infrastructure as it nears its 150th anniversary, emphasizing roads, ports, and power developments.
Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.
Omaxe has announced a new Rs 64.8 crore project for AIIMS in Rishikesh, Uttarakhand, with plans for further expansion in the near future.
Sahara Prime City engages construction firms for residential projects within Sahara City Homes, part of its 217-township initiative across India. Initial development focuses on 102 cities, including Lucknow, Nagpur, and Indore.
Andhra Pradesh government allocates Rs 121 crore to Maytas Infra for a road project, raising concerns due to the recent failed Satyam bid to acquire a stake in the company.
Government stimulus and RBI measures aim to revive the struggling Indian real estate sector. Interest rate cuts and priority sector lending for housing are expected to boost demand and ease the liquidity crunch faced by developers.