Kolkata News Desk

14 Jan 2026

Kolkata's real estate developers are urging the government to leverage the upcoming Union Budget to recalibrate housing policies amid rising construction and land costs. Key proposals include revising the affordable housing definition, adjusting GST on under-construction properties, enhancing tax benefits for homebuyers, and streamlining approvals. Industry leaders highlighted the importance of supporting mid-income housing, integrated townships, and rental projects. They believe that consistent policy support and urban infrastructure investment could revive demand, accelerate project execution, and attract long-term capital, fostering sustainable growth in eastern India's property market.Read more

14 Jan 2026

Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.Read more

14 Jan 2026

Global financial services major JP Morgan has leased a large office space measuring nearly 2.72 lakh sq ft in Mumbai's Powai area, marking a significant commercial real estate transaction in the city's office market. The space is located at One Downtown Central (Crisil House) and has been taken on lease from Cowrks for a starting monthly rent of INR 9.23 crore. The lease tenure is for five years, with rentals commencing from April and an annual escalation of 5 percent. The deal highlights continued demand from multinational corporations for high-quality office assets in established business districts, supported by flexible workspace operators and institutional property owners.Read more

13 Jan 2026

India is likely to meet its FY26 fiscal deficit target of 4.4 per cent of GDP and may even perform better, according to PwC. Despite the National Statistical Office revising nominal GDP growth estimates downward, PwC said the overall GDP base remains aligned with Budget assumptions, keeping fiscal calculations stable. The government's recent track record of beating deficit targets adds confidence to this outlook. While lower nominal growth may impact tax collections, savings in revenue expenditure and buffers from GST compensation funds are expected to offset the gap. Capital spending is likely to remain on track, supporting infrastructure-led growth. A stable fiscal position is seen as a positive signal for global investors and key sectors such as housing and real estate.Read more

13 Jan 2026

India is emerging as a fast-growing market for real estate investment trusts (REITs) as developers increasingly monetise rent-yielding commercial assets, according to Vestian. The report highlights strong potential driven by high-quality office spaces, retail centres, warehouses, and data centres that offer steady rental income. India currently has five listed REITs, largely focused on office assets, covering over 135 million square feet. REIT market capitalisation is expected to rise from about USD 18 billion in 2025 to nearly USD 25 billion by 2030. While office assets continue to lead, growing interest in logistics, data centres, and industrial assets is set to support the next phase of REIT growth.Read more

12 Jan 2026

CREDAI Pune has announced the 24th edition of the Pune Property Expo 2026, scheduled to be held from January 16 to 18 at the Agriculture College Ground, Pune. Positioned as the largest real estate exhibition organised by CREDAI Pune to date, the expo will bring together over 85 trusted developers showcasing more than 400 RERA-registered projects across Pune, PCMC and PMRDA regions. The platform aims to serve homebuyers and investors with a comprehensive view of residential and commercial offerings, ranging from affordable homes to luxury residences and Grade A commercial assets. Themed Poona to Pune, the exhibition highlights the city's evolution while underlining sustainable and future-ready real estate development.Read more

Mumbai News Desk

12 Jan 2026

Ritika Sajdeh, the wife of Indian cricket captain Rohit Sharma, purchased a premium apartment in Prabhadevi, Mumbai, for INR 26.30 crore. The flat, located in Ahuja Towers, spans a carpet area of 2,760.40 sq ft and comes with three car parking spaces. Registration documents show the transaction attracted INR 1.31 crore in stamp duty and INR 30,000 in registration fees, with the sellers listed as Ajinkya DY Patil and Puja Anjinkya Patil. Sajdeh, known for her sports management career, has been increasingly investing in high-value real estate in Mumbai.Read more

09 Jan 2026

Atul Agnihotri's real estate firm, Shivansai Homemaker Infra LLP, has secured the redevelopment rights of the 60-year-old Palimala Cooperative Housing Society in Bandra, Mumbai. The project involves 11 members and includes a significant increase in apartment sizes, along with structured financial compensation during the construction period. The agreement was formally registered with a token payment and stamp duty. Members will receive upgraded homes with modern specifications once redevelopment is completed, in line with Mumbai's ongoing push to renew ageing residential societies.Read more

Mumbai News Desk

09 Jan 2026

A rare heritage, sea-facing bungalow in Mumbai's upscale Juhu neighbourhood has hit the market with an asking price of INR 250 crore, underscoring strong interest in ultra-prime coastal real estate. Named Leela, the property spans a 14,858 sq ft plot with about 8,480 sq ft of built-up area, and features six bedrooms, multiple living spaces, sea-facing balconies and a large terrace with panoramic sea views. Built in the 1950s in Art Deco style, the bungalow is listed as a Grade IIB heritage property, offering both architectural legacy and redevelopment potential under city regulations. Owned by the Nanavati family, the listing has attracted interest from developers and high-net-worth buyers, reflecting continued demand for iconic and scarce residential assets in Mumbai's luxury segment.Read more

Mumbai News Desk

08 Jan 2026

Promoters of Mumbai-based pharmaceutical firm Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two adjoining luxury apartments in Worli for a total of INR 190.1 crore. The units, located on the 43rd floor, have a combined RERA carpet area of around 12,114 sq ft and include 10 dedicated car parking spaces. Each apartment comes with spacious balconies and terraces. The purchase, registered late last month, reflects continued interest from business families in large-format premium homes despite limited new supply and high pricing in central Mumbai's luxury real estate market.Read more