SRA identifies 18 more clusters across Mumbai region for redevelopment

The Slum Rehabilitation Authority (SRA) has identified 18 more slum clusters across the Mumbai Metropolitan Region for redevelopment under Maharashtra’s Slum Cluster Area Redevelopment Scheme, buoyed by strong investor interest in its pilot project in Andheri (West).

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Can’t delay conveyance over future TDR use: Bombay HC

The Bombay High Court has ruled that housing societies can receive unilateral deemed conveyance of land, even if future development potential on public amenity plots is involved. Justice Sandeep Marne stated that conveyance shouldn't be delayed until the municipal corporation acquires such land. The court modified a previous order, directing conveyance of four acres instead of five, while allowing the builder to claim benefits like TDR for reserved land portions.

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Tech Mahindra leases four lakh sq ft office space in Hyderabad

In a major real estate development, Tech Mahindra has secured 4 lakh sq ft of office space in Hyderabad with a 10-year lease, reinforcing the city's position as a tech hub. This decision reflects the vibrant demand for premium office spaces among technology firms. The company's investment highlights Hyderabad's attractiveness as a primary location for large corporations looking for seamless expansion and reliable long-term occupancy.

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Tamil Nadu government halts ₹2,000 crore Brigade's housing project near Pallikaranai Ramsar site

Construction on Brigade Enterprises' Rs 2,000-crore housing project in Perumbakkam has been halted. The Tamil Nadu government found work began without mandatory permission from the Tamil Nadu State Wetland Authority. The project is alleged to be within the Pallikaranai Ramsar Wetland Site. The environmental clearance was revoked. Brigade Enterprises plans to appeal the order.

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Homebuyers bear the brunt as property registration stuck over deed workers’ strike in NCR

Homebuyers in Greater Noida face significant delays in property registration due to an ongoing strike by lawyers and deed writers protesting the UP government's e-registration initiative. Despite a clarification limiting e-registration, the deadlock persists, leaving hundreds of buyers unable to legally own their purchased properties and incurring financial burdens.

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Target Corp leases 8.3 lakh sq ft office space in Bengaluru for 10 years

US retail giant Target Corporation secures a significant office space in Bengaluru. The company will occupy over 8.3 lakh square feet at Embassy Manyata Business Park. This long-term lease, valued at approximately Rs 1,250 crore, highlights the growing presence of global capability centers in India's tech hub. The deal underscores sustained demand for Grade A office spaces in Bengaluru.

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Subhash Chandra's Delhi bungalow sold for ₹1,260 crore

Essel Group chairman Subhash Chandra is selling a prime bungalow in Lutyens' Delhi for ₹1,260 crore. This deal is one of the most expensive property transactions in India. The property was bought in 2015 for ₹304 crore. Deal formalities are expected to conclude by December 30, 2026. Other high-value deals are also underway in the exclusive Lutyens' Bungalow Zone.

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