Mumbai News Desk

09 Feb 2026

Mumbai's premium housing market recorded another high-value residential transaction as an ultra-luxury apartment in Worli was sold for INR 123.5 crore. The property was acquired by Radha Tanti, an angel investor and wife of Suzlon Energy's executive vice chairman. Located in the Artesia tower, the apartment offers a large carpet area along with a private balcony and multiple parking spaces. The deal reflects continued interest in limited high-end homes in central Mumbai despite a cautious buyer environment.Read more

06 Feb 2026

India ranked second globally, after Mainland China, for LEED-certified real estate space outside the United States, according to data released by the US Green Building Council and GBCI. The ranking reflects India's growing focus on sustainability, with around 16 million gross square metres of certified space. Globally, over 7,500 LEED-certified commercial projects were recorded last year. India's performance was driven mainly by higher adoption of LEED for Operations and Maintenance, indicating a shift towards improving energy efficiency in existing buildings across multiple real estate segments.Read more

05 Feb 2026

The Noida International Airport at Jewar is expected to be inaugurated later this month, according to Uttar Pradesh Chief Minister Yogi Adityanath. The greenfield airport, developed through a public-private partnership in Gautam Buddh Nagar, is nearing completion, with the aerodrome licence from the Directorate General of Civil Aviation in its final stage. The project had missed earlier operational timelines due to procedural and construction-related delays. Once operational, the airport will become Uttar Pradesh's fifth international airport and is expected to ease passenger pressure at Delhi's Indira Gandhi International Airport.Read more

Mumbai News Desk

05 Feb 2026

The Maharashtra Housing and Area Development Authority (MHADA) is offering 120 unsold residential flats across Mumbai on a first-come-first-served basis, replacing the lottery system that left these units unclaimed. Online registrations started earlier this week, with the flat selection and payment process set to begin soon. Flats are spread across key suburbs and South Mumbai locations, including Kandivali, Malad, Wadala, Powai, and Andheri. Buyers must pay 10 per cent of the flat price initially, with the remaining amount due within 90 days. The initiative aims to reduce unsold stock and provide ready-to-move-in homes efficiently.Read more

Mumbai News Desk

04 Feb 2026

Pramit Jhaveri, the former chief executive officer of Citibank India, and his wife, Mukeeta, have acquired a luxury apartment in the Echay House development on South Mumbai's prestigious Carmichael Road, registering the transaction at approximately INR 38.16 crore. Property records show the 2,805 sq ft residence was bought at about INR 1.36 lakh per sq ft, and the deal includes car parking spaces. The purchase was registered in late November 2025, with stamp duty of more than INR 2.28 crore and a registration fee of INR 30,000 paid to complete the process. The deal underscores continuing demand for high-end housing in prime Mumbai neighbourhoods, where limited inventory and strong buyer interest sustain premium pricing. Industry data indicate that India's ultra-luxury segment remained active in the past year, with marquee residential deals concentrated in central and southern parts of the city.Read more

04 Feb 2026

Nexus Select Trust has announced a distribution of INR 358.6 crore to its unitholders for the quarter ended December 2025, reflecting steady operating performance across its retail-led portfolio. The REIT reported a rise in consolidated net profit to INR 139.4 crore during the October-December period, alongside a sharp increase in total income and net operating income. Higher rentals, portfolio scale and improved asset performance contributed to the growth. The declared distribution translates into INR 2.36 per unit and includes interest, dividends and repayment of special purpose vehicle-level debt. With a diversified portfolio of retail, office and hotel assets spread across multiple cities, Nexus Select Trust continues to strengthen its position as one of India's prominent consumption-driven REIT platforms.Read more

03 Feb 2026

C.J. Roy, founder and chairman of Confident Group, died by suicide at his Bengaluru office while Income Tax officials were conducting ongoing searches linked to earlier investigations into his business. Roy, in his late 50s and financially sound with zero debts, faced significant pressure from the federal agency, according to family members. Bengaluru Police have formed a Special Investigation Team to examine the incident, which occurred during a three-day tax verification process. His death has shocked the real estate community, drawing condolences from peers, industry leaders, and political figures.Read more

Lucknow News Desk

03 Feb 2026

Lucknow Development Authority has launched Aishbagh Square, a high-rise residential project in the Aishbagh area of the city, marking its entry into premium vertical housing. The project comprises four towers of 27 storeys with 384 large 3-BHK apartments with study areas, each measuring about 1,900 sq ft. Homes are priced from around INR 1.11 crore. Online registration has begun through a lottery system, with construction planned to finish in three years and possession targeted within five years.Read more

02 Feb 2026

The Union Budget for 2026-27 places infrastructure at the centre of India's long-term growth strategy and its vision of Viksit Bharat 2047, Union Road Transport and Highways Minister Nitin Gadkari has said. Commenting after the Budget was presented in Parliament, Gadkari noted that the proposals reflect a clear emphasis on connectivity, manufacturing depth and balanced regional development. He indicated that infrastructure has been positioned not merely as a physical asset base but as a critical enabler of economic resilience, opportunity creation and global competitiveness. According to the minister, the Budget also outlines a people-centric roadmap focused on farmers, youth and MSMEs, while strengthening capital investment and innovation-led growth. The overall framework, he said, reinforces infrastructure as a foundational pillar supporting inclusive and sustainable economic expansion.Read more

02 Feb 2026

The continued emphasis on infrastructure development, particularly in Tier-II and Tier-III cities, in the Union Budget 2026-27 is expected to stimulate demand for commercial vehicles while improving logistics efficiency across India, according to Daimler India Commercial Vehicles. The company said the Budget reinforces India's long-term growth strategy by prioritising manufacturing, infrastructure and supply chain resilience. Key proposals, including a new dedicated freight corridor linking eastern and western industrial regions, are likely to reduce freight costs and strengthen logistics networks. Industry executives believe the policy environment created by the Budget will encourage investments and innovation within the commercial vehicle segment, supporting the transition towards a more resilient and future-ready mobility ecosystem.Read more