Sumadhura Group Acquires 5-Acre Parcel in East Bengaluru, Targets ₹500 Crore Revenue

Sumadhura Group, a leading South Indian real estate developer, has announced the acquisition of a 5-acre prime land parcel on Soukya Road in East Bengaluru. This strategic move is set to generate an estimated ₹500 crore in revenue from an upcoming residential project, significantly strengthening Sumadhura’s footprint in one of Bengaluru’s fastest-growing corridors.

Apartment Loading Rises to 40% in Q1 2025, Highest in MMR

In Q1 2025, average apartment loading across India’s top 7 cities reached 40%, up from 31% in 2019, as per ANAROCK. MMR leads with the highest loading at 43%, while Bengaluru saw the sharpest rise. Experts link the increase to rising demand for luxury amenities — but warn that homebuyers now get just 60% of what they pay for as usable living space.

BMC Registers FIR Against 27 Residents for Unauthorised Construction in Flats

In a strict enforcement move, the BMC has filed an FIR against 27 residents of Mangesh Co-operative Housing Society in Kurla East for unauthorised structural changes in their flats. Despite multiple notices issued since 2020, no action was taken by the residents, prompting BMC officials to register the case under Section 53(7) of the MRTP Act.

ICRA Revises Indian Hospitality Sector Outlook to Stable as Growth Normalises in FY2026

ICRA revises India’s hospitality sector outlook to Stable for FY2026 as revenue growth normalises to 6–8%. Premium hotel occupancy and room rates remain healthy, with earnings and credit metrics supported by cost efficiency and asset-light strategies. Supply growth continues to lag demand in key markets, adding to price resilience.

Hrithik and Rakesh Roshan Sell Mumbai Properties Worth ₹6.75 Crore in Andheri West

Hrithik Roshan and filmmaker Rakesh Roshan have sold three properties in Mumbai’s Andheri West for ₹6.75 crore, according to property registration documents accessed in May 2025. The transactions include flats in Veejays Niwas and Raheja Classique, two of the area’s prominent residential complexes.