16 Feb 2026

A parapet segment fell near Pier P196 on Mumbai Metro Line 4, injuring four people and resulting in one death. MMRDA immediately secured the site, halted construction at the stretch, and initiated a structural safety assessment with BMC and other authorities. A high-level inquiry committee has been formed to investigate construction practices, quality control, supervision, and contractor compliance. Financial penalties of INR 5 crore on the contractor and INR 1 crore on the general consultant have been imposed. Full medical treatment for the injured and financial support for the deceased's family will be provided promptly, with transparency and accountability emphasized.Read more

15 Feb 2026

Arvind SmartSpaces Limited (ASL), part of the Lalbhai Group, has announced a planned leadership transition as part of its long-term succession strategy. Priyansh Kapoor, currently Whole-time Director (WTD) & CEO, has been re-designated as Managing Director & CEO with effect from February 10, 2026. Kamal Singal, who has led the company as MD & CEO, will step down from the role and continue as Whole-time Director (Director Strategy & Investments), while also taking on a broader group-level mandate with the promoters. The transition follows a structured succession process initiated in July 2025 and reflects the Board's focus on leadership continuity, governance standards, and sustainable long-term growth as the company prepares for its next phase of expansion.Read more

14 Feb 2026

PropertyPistol has appointed Sachin Malhotra as Partner & Chief Executive Officer UAE Business, marking a key step in strengthening its international leadership as it expands operations in the Middle East. With over 20 years of experience across real estate, banking and financial services, Malhotra brings deep expertise in scaling cross-border platforms and building institutional investor relationships. He has previously held senior leadership roles at DAMAC Properties and Aldar Properties PJSC, where he led UAE and international business development and executed high-value transactions across multiple markets. In his new role, he will drive PropertyPistol's UAE growth strategy, deepen developer partnerships and expand cross-border investment capabilities, reinforcing the company's long-term global ambitions.Read more

14 Feb 2026

Agami Realty has announced cricket legend Sunil Gavaskar as its brand ambassador, marking a strategic shift in how the Mumbai-based developer positions its luxury portfolio. The association is rooted in shared values of integrity, discipline and legacy, moving the brand conversation beyond conventional real estate markers such as location and amenities. By aligning with Gavaskar, a long-standing Mumbaikar synonymous with credibility and quiet excellence, Agami Realty aims to connect with discerning homebuyers who view property ownership as a generational decision rather than a transactional purchase. The collaboration is intended to reinforce trust among UHNI and mature investors, while strengthening Agami Realty's long-term brand positioning as a developer focused on permanence, heritage and enduring value within Mumbai's evolving real estate landscape.Read more

Delhi News Desk

13 Feb 2026

Maharaja Manujendra Shah of Tehri Garhwal is poised to sell his expansive 3.2-acre bungalow located on Bhagwan Das Road in the Lutyens Bungalow Zone of New Delhi for approximately INR 1,000 crore, sources said. One of the most high-profile residential property deals in recent years, the transaction is in advanced stages and expected to be concluded shortly, with a local entrepreneur from the food and beverage sector emerging as the likely buyer. The estate, known as 5, Bhagwan Das Road, sits in one of India's most prestigious addresses, synonymous with ultra-luxury residential real estate. The prospective purchaser is also reported to be in the final stages of buying former prime minister Jawaharlal Nehru's first official Delhi residence for more than INR 1,100 crore, signalling sustained demand at the very top of the capital's trophy property market.Read more

Gurugram News Desk

12 Feb 2026

Dhruv Sharma, founder and CEO of Gurugram's 32nd Avenue commercial project, was arrested in connection with a major real estate fraud estimated at around INR 500 crore. Police allege Sharma sold the same commercial floor to nearly 25 different buyers using duplicate agreements and forged documents, promising ownership and assured returns. Complaints arose over denied access and missing legal papers. Multiple FIRs have been registered, and investigations are ongoing into financial trails, bank records, and possible shell companies. The case highlights gaps in investor protection and property transaction oversight in India.Read more

Mumbai News Desk

12 Feb 2026

Actor and entrepreneur Sonu Sood has leased a commercial property in Mumbai to HDFC Bank at a monthly rent of INR 11.75 lakh, according to sources familiar with the transaction. The space, located in a prime commercial locality, will be used by the bank for its branch operations. The deal highlights ongoing demand from financial institutions for well-located office and retail addresses in Mumbai's key commercial corridors, even as hybrid work trends continue to shape occupier strategies. Leasing activity from corporate occupiers such as banks indicates sustained interest in physical touchpoints for customer engagement, complementing digital channels. Details on the size of the leased premises were not disclosed, but market participants said the rental quantum reflects premium pricing in the micro-market.Read more

Mumbai News Desk

11 Feb 2026

Standard Chartered Bank has sold a commercial office space in the Parinee Crescenzo tower at Mumbai's Bandra Kurla Complex (BKC) to Advanced Realty for INR 197 crore. The property has a chargeable area of 28,516 sq ft, carpet area of 27,003 sq ft, and 27 car parking slots, priced at about INR 69,084 per sq ft. The transaction reflects a wider trend of corporates monetising owned assets to unlock capital and adopt asset-light strategies, while BKC continues to be a highly preferred office micro-market with sustained investor and occupier interest.Read more

10 Feb 2026

The Reserve Bank of India has raised its GDP growth projections for the early quarters of FY27, citing stronger trade prospects, expected GST reforms and robust agricultural output. Growth is now estimated at 6.9 per cent for the first quarter and 7 per cent for the second, higher than earlier forecasts. The RBI expects overall economic momentum to remain steady, supported by consumption, investment, infrastructure spending and trade agreements. Full-year FY27 projections will be released during the April policy review after incorporating revised economic data series.Read more

10 Feb 2026

Maharashtra's real estate sector is set to showcase its urban development trajectory and future priorities at the National Urban and Real Estate Development Conclave 2026, to be held on 13-14 February at Yashobhoomi, New Delhi. Led by NAREDCO Maharashtra, the state's participation will highlight its role as one of India's most urbanised regions, supported by sustained infrastructure investment, industrial growth and expanding metropolitan clusters. The discussions will focus on transit-led development, large-scale redevelopment, rental housing, regulatory reforms and technology-driven urban planning. With urbanisation expected to accelerate over the coming decades, Maharashtra's experience across the Mumbai Metropolitan Region, Pune, Nagpur and other emerging cities is expected to offer insights into balancing housing supply, infrastructure delivery and sustainable city growth within a rapidly evolving policy and investment environment.Read more