Property / C'struction
MahaRERA steps up project scrutiny to prevent future homebuyer disputes
MahaRERA is introducing a three-step scrutiny system—legal, financial, and technical—for project approvals to safeguard homebuyers and prevent stalled projects. Independent experts will vet applications before registration. Between Oct 2024–July 2025, it resolved 5,267 complaints, surpassing new filings.
Rising home prices a major concern for over 81% property seekers : Survey
A recent survey reveals rising home prices are a major concern for most Indian property seekers, with average residential prices increasing significantly. Dissatisfaction is growing among affordable housing buyers due to location, quality, and size issues. Interestingly, Mumbai's real estate market shows surprising buyer confidence despite high prices, while demand for affordable housing declines, shifting preferences towards premium properties.
Global capital turns selective, India stays on the investment map: Hines' Steinbach
Hines' Global CIO, David Steinbach, highlights India's growing importance in global real estate investment due to its stability, domestic demand, and policy reforms. Despite global economic uncertainties, India's office, living, and industrial sectors show resilience and potential. Hines focuses on high-quality assets, leveraging local partnerships to capitalize on India's long-term urban and economic growth.
India's realty market offers long-term investment opportunity: Hines CIO David Steinbach
Hines identifies India as a promising real estate investment destination due to its scale, stability, and strong domestic demand amidst global economic shifts. The country's rising consumption, urbanization, and policy reforms create a foundation for long-term investment. Hines is focused on the office and living sectors, where demand remains robust, particularly in major cities.
Demand for retail spaces in Delhi-NCR rises 25% in January-June period: CBRE
Retail space leasing in Delhi-NCR saw a 25 percent increase in January-June. CBRE reports demand and new supply drove this growth. Fashion and apparel led demand, occupying 35 percent of leased spaces. Homeware and departmental stores accounted for 30 percent. New retail supply in malls reached 3 lakh sq ft. Experts highlight the sector's resilience and evolving consumer preferences.
Max Estates buys Rs 534 cr land in Gurgaon, eyes Rs 3,000 cr project
Max Estates has acquired a 7.25-acre land parcel on Golf Course Extension Road in Gurgaon for Rs 534 crore, potentially developing 1.3 million sq. ft. with a revenue of Rs 3,000 crore. This acquisition expands Max Estates' Gurugram portfolio to nearly 10 million sq. ft.
Shriram Properties aims Rs 500 cr revenue from 6.5-acre JV project in Bengaluru
Shriram Properties Limited has entered into a Joint Development Agreement to construct a premium residential project on a 6.5-acre land parcel in North Bengaluru. The project will feature a saleable area of approximately 0.6 million square feet, with an estimated gross development value of around Rs 500 crore. Shriram Properties has delivered 48 projects till now.
CCI dismisses complaint against Emaar India over Marbella villa project
The Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd, alleging abuse of dominance and anti-competitive practices related to its "Marbella" villa project in Gurugram. The complainant argued that Emaar misused its position by allowing construction of builder floors, violating commitments of an exclusive villa community.
Valor Estate may also move NCLT to revise Lavasa offer
Valor Estate is likely to petition the NCLT to revise its resolution plan for Lavasa Corp, following Welspun-Ashdan consortium being permitted to modify their payment timeline. Valor's lawyers objected to Welspun's allegations seeking disqualification of their bid and claimed discriminatory treatment by the RP for denying their request to update the plan.
GST 2.0: Fall in input prices likely to soften realty costs
India's property sector is poised for a boost as the government reduces the GST on cement from 28% to 18%, potentially lowering project costs for developers and homebuyers. Additional tax cuts on marble, granite, and other construction materials are expected to further ease cost pressures. This rationalization is anticipated to stimulate consumption and propel India's GDP growth.
Must Watch
Amazon inks 20-year lease for 5.6 lakh sq ft warehousing space in West Bengal
Amazon Seller Services has leased over 559,000 sq ft of warehousing space in Hooghly, West Bengal, for 20 years at nearly Rs 430 crore. This deal highlights Amazon's focus on expanding its logistics capacity in key markets due to rising e-commerce demand. The facility will strengthen Amazon's distribution capabilities across eastern India.
Blackstone Real Estate elevates Tuhin Parikh, Asheesh Mohta
Blackstone has appointed Tuhin Parikh as Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta will take over as Head of Real Estate India. These changes are part of a broader restructuring of Blackstone's APAC Real Estate business. Blackstone is a major investor in India, with USD 20 billion invested in real estate.
Rise Infraventures targets Gross Transaction Value of Rs 1,000 cr through commercial leasing
Rise Infraventures aims for significant growth in commercial leasing. The company targets a Gross Transaction Value of over Rupees one thousand crore. This will be achieved within the next 12 to 18 months. Focus will be on Grade A offices, retail spaces and warehouses. Rise Infraventures plans expansion across Tier-1 and Tier-2 cities.
RAI suggests moving to flat GST rate across product categories instead of price-based thresholds
Retailers Association of India suggests a uniform Goods and Services Tax rate. Current price-based system creates market distortions. RAI emphasizes that the present GST structure impacts organized retail negatively. It also affects domestic manufacturing. RAI anticipates GST reform will lower consumer prices. They also seek reduced GST on commercial rentals. RAI suggests lower taxes on garments and footwear for affordability.
Land bank, digital planning in Maharashtra’s housing policy to reshape urban future
Maharashtra govt is launching a new housing policy. It will use a state land bank to increase affordable housing. The policy includes a digital platform for housing information. A district-wise housing demand survey will be conducted by 2026. The policy also focuses on housing for industrial labor and migrant workers.
Blackstone Real Estate elevates Tuhin Parikh to Asia Vice Chairman, Asheesh Mohta to India head
Blackstone Real Estate is strengthening its Asia-Pacific presence by promoting Tuhin Parikh to Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India. Asheesh Mohta will now lead Real Estate India, succeeding Parikh. These changes reflect Blackstone's commitment to the region, particularly India, where it manages over $50 billion in assets.
