At 15.8 million square feet, office leasing in India grew 16% year-on-year across the top-6 markets during the April-June period of 2024. Mumbai and Bengaluru drove the office demand with 52% share, according to a new report released by property consultancy Colliers. The six markets under review include Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. As per the report, Bengaluru and Mumbai led demand during the second quarter of the 2024 calendar, collectively accounting for 52% of the overall leasing activity during the period.

The Greater Mohali Area Development Authority (GMADA) has not yet released developers’ approved layout plans despite them having paid the first instalments of External Development Charges (EDC). Notably, the Punjab government in a bid to ease the payment process for builders had allowed them to pay the pending EDC in four instalments over a period of a year and a half in March this year. The projects for which payments were to be made include real estate and other mega projects.

In today’s rapidly evolving world, the concept of family living is also transforming. More families are embracing multi-generational living, where grandparents, parents and children share the same roof. This living arrangement can foster stronger family bonds and provide economic benefits, but it also requires thoughtful design to ensure everyone feels comfortable and their needs are met. Designing multi-generational living spaces is not just about creating more room; it’s about making space that encourages family togetherness while respecting individual privacy.

Bollywood actor Amitabh Bachchan has purchased three office units in Veer Savarkar Signature building in Mumbai for around Rs 60 crore, according to documents accessed by FloorTap.com, a commercial real estate analytics platform. According to documents, these office spaces are located in Signature Building, off Veera Desai Road in Andheri West area of Mumbai. The documents showed that the Bollywood actor paid Rs 59.58 crore for three office units, cumulatively measuring 8,429 square feet area.

Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline.

The UP govt has decided to constitute a housing development authority to govern the further expansion and to foster planned development of Shahjahanpur. Chief minister Yogi Adityanath, who is also the housing minister, held a meeting with senior officials of the department in Lucknow on Monday. Pointing to increased industrial activity and output in and around Shahjahanpur, Yogi said that the population of the city has been growing steadily over the years.

Capri Global Holdings Pvt Ltd, a holding company of diversified Non-Banking Financial Company (NBFC) Capri Global, bought two residential apartments in Mumbai's Birla project for Rs 78 crore, documents accessed by Zapkey show. The luxury apartments, sprawling 4,371 sq ft and 4,719 sq ft were sold at Rs 37.5 crore and Rs 40.4 crore, respectively. The apartments are located in Worli's Birla Niyaara project, the document showed.

The Noida authority on Tuesday said the Uttar Pradesh cabinet has approved the detailed project report (DPR) of a 11.56km Metro link that will branch out from existing Botanical Garden Metro station in Sector 38A and end at Noida’s Sector 142 near Noida-Greater Noida Expressway. Currently, Greater Noida and Noida are not directly connected to the Delhi Metro via Noida Metro’s 29.7km Aqua Line corridor. Also, connectivity to Delhi Metro’s Blue Line, which enters via Mayur Vihar and ends at Sector 62’s Electronic City Metro station, is not a seamless one.

A report from investment banking firm Morgan Stanley predicts a 15.3% compound annual growth rate (CAGR) in infrastructure investments, leading to a cumulative expenditure of $1.45 trillion (Rs 121.16 lakh crore) in India over the next five years. This surge is expected to significantly boost the investment rate and foster a prolonged period of high productive growth. The report also highlights that the Prime Minister’s Gati Shakti initiative, also known as the National Master Plan for Multi-modal Connectivity, will expedite infrastructure project execution and reduce cost overruns.

The second phase of Pradhan Mantri Awas Yojana(Urban) will soon be launched and the allocation for the scheme is likely to be made in the Union budget next month, officials said on June 25. An official in the Union Housing and Urban Affairs Ministry said modalities of the PMAY-U 2.0 are currently being worked out and the second phase will be launched in less than a month