Construction

The Supreme Court on Wednesday directed a special investigation team (SIT) of the Uttar Pradesh police probing excess payouts by Noida Authority on land compensation to complete its probe within two months. The committee unearthed 20 cases where illegal excess payments were made and certain officials were identified as key suspects. A bench headed by Chief Justice of India (CJI) Surya Kant...

Bollywood icon Shah Rukh Khan has launched the much-hyped commercial tower in Dubai named after him at a glitzy event, which had over 6,500 people attending. Dubai-based Indian real estate tycoon Rizwan Sajan said the 55-tower project on Sheikh Zayed Road, named Shahrukhz, has already sold out for over ₹5000 crore on the back of strong demand for office space.Shah Rukh Khan launched the Shahrukhz...

Bengaluru-based real estate developer Sumadhura Group has signed a Memorandum of Understanding (MoU) with the Telangana government to invest ₹600 crore in developing a 100-acre Grade A industrial and warehousing park, the company said in a statement on December 10.Bengaluru-based Sumadhura Group has signed an MoU with the Telangana government to invest ₹600 crore in a 100-acre Grade A industrial...

To cater to the rising demand for residential spaces around the upcoming Noida International Airport, the Yamuna Expressway Industrial Development Authority (YEIDA) is planning to launch a plot scheme in January 2026, under which it will offer 973 residential plots of varying sizes, YEIDA officials said.Yamuna Expressway Industrial Development Authority (YEIDA) is planning to launch a plot scheme in...

Mumbai: Granting relief to a man who was seeking membership of a Nariman Point housing society as he was his deceased mother’s successor and heir, the Bombay High Court has upheld the order of the divisional joint registrar who found him eligible for membership. The court said that if his parents, who did not own a flat in the building but owned a basement space, were granted membership of the...

Welspun One, a warehousing and industrial real estate platform, will invest ₹550 crore to develop a 1.2 million sq ft Grade A logistics park in Pune, where it has been allotted a 46-acre MIDC-notified land parcel, the company said in a statement on December 9.Welspun One will invest ₹550 crore to build a 1.2 million sq ft Grade A logistics park in Pune, after securing a 46-acre MIDC-notified land...

India’s Small and Medium Real Estate Investment Trusts (SM REITs) market is likely to cross $75 billion, backed by more than 500 million sq ft of eligible office, logistics and retail assets, according to a report released by CBRE South Asia Pvt. Ltd.India’s Small and Medium REITs market is set to exceed $75 billion, supported by over 500 million sq ft of eligible office, logistics and retail...

Auro Realty, the real estate arm of Aurobindo Group, has purchased the landmark Hotel Taj Banjara property in Hyderabad for ₹315 crore, according to the document accessed by data analytical firm Propstack.Auro Realty, the real estate arm of Aurobindo Group, has acquired Hyderabad’s landmark Hotel Banjara property for ₹315 crore, documents accessed by Propstack show. (Photo for representational...

Apple, which is set to open its fifth retail store in India on December 11, adding Noida to its rapidly expanding retail footprint, has leased 8,240.78 sq ft for 11 years at a full tenure rent of approximately ₹65 crore, according to sublease documents accessed by CRE Matrix.Apple, set to open its fifth India store in Noida on December 11, has leased 8,240.78 sq ft for 11 years at a total rent of...

Nearly one-fifth of India’s shopping centres have slipped into ‘ghost mall’ status, but reviving even a small portion of this dormant stock could unlock ₹357 crore in annual rentals, according to Knight Frank India’s retail study, Think India, Think Retail 2025 – Value Capture: Unlocking Potential.Nearly one-fifth of India’s malls are now ‘ghost malls’, but reviving even a fraction of...