CapitaLand Investment India to invest upto ₹1,300 crore to develop 2.6 million sq ft in FY26

CapitaLand Investment India is exploring InvIT structures for its logistics and data centre platforms while keeping its office assets within the existing Singapore-listed CapitaLand vehicle. The company sees a strong FY25 demand backdrop and is strategically recycling capital by divesting older assets to reinvest in newer supply and redevelopment projects.

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Developers to act as urban infrastructure administrators in major city overhauls under UCF

The government is launching the Urban Challenge Fund (UCF) with a Rs 1 lakh crore outlay, allowing private developers to act as "urban infrastructure administrators" in redevelopment zones. This initiative aims to improve civic infrastructure by enabling private entities to develop and maintain essential services like roads and water supply, with financial support from the Centre, bonds, loans, and states.

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DDA to open flat registrations for 48-storey high rise residential society in East Delhi

Registration is now open for DDA's new residential project, DDA Towering Heights. This 48-storey building in Karkardooma offers 1,026 premium two-bedroom-hall-kitchen apartments. Prices range from Rs 1.78 crore to Rs 3.09 crore. The project is set for handover by July 2026. It boasts excellent connectivity and is part of a major urban development.

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House of Hiranandani acquires land parcel in Mumbai's Andheri

Realty developer House of Hiranandani is expanding its commercial real estate presence in Mumbai. The company has acquired a land parcel in Andheri East. A new premium commercial tower will be developed on this plot with an investment exceeding Rs 500 crore. This project aims to meet the growing demand for Grade A office spaces in the western suburbs.

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Cash-strapped railways looks to lease out Mumbai land worth thousands of crores

Strapped for funds, the Indian Railways is leasing prime land in Mumbai and other metros to private developers. After missing its first monetisation target by over Rs 1.2 lakh crore, it now hopes to unlock billions through 99-year leases

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EOW books promoters of SSLS Real Estate & Constructions for cheating investors of ₹19 crore

Cyberabad police have booked SSLS Real Estate promoters for allegedly defrauding investors of nearly ₹19.4 crore. Accused father-son duo, K Upendra and Atchuta Rao, solicited funds with promises of quick returns. Investors, including businessman Badari Nadh Gelli, lost significant amounts after cheques bounced and repayment promises were broken. A case under the Bharatiya Nyaya Sanhita has been registered.

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Amitabh Bachchan buys three adjacent land parcels in Alibaug near Mumbai

Amitabh Bachchan has purchased three adjacent land parcels in Alibaug for nearly Rs 10 crore to construct a luxury villa. This acquisition adds to the Bachchan family's growing property portfolio, which includes recent land purchases in Ayodhya. Alibaug's appeal as a prime investment destination is further enhanced by infrastructure development.

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