Green Building Certifications on the Rise: India Embraces Sustainable Construction

India’s real estate sector is increasingly adopting green building practices, with a surge in projects seeking IGBC and LEED certifications. This shift towards sustainable and energy-efficient construction reflects a broader commitment to environmental stewardship and regulatory compliance.

Delhi’s New Master Plan 2041: A Vision for Sustainable Urban Growth

Delhi Development Authority (DDA) unveiled the new Master Plan for 2041 on September 1, 2024.

Worli Home Price Slashed: From ₹2.62 Crore to ₹2.09 Crore

MHADA has reduced home prices in its Mumbai lottery, with significant cuts across various income groups. A Worli property that was priced at ₹2.62 crore is now available for ₹2.09 crore. Other reductions include a Chembur home now priced at ₹83 lakh, and a Tardeo property down to ₹6.82 crore from ₹7.57 crore. These changes aim to make housing more affordable across Mumbai.

Godrej Properties Wins Bid for Luxury Housing Plots in Gurugram

Godrej Properties Ltd. has secured two premium group housing plots in Gurugram through an e-auction by Haryana Shehri Vikas Pradhikaran (HSVP). The plots, one measuring 3.6 acres on Golf Course Road and the other 1.97 acres in Sector 39, have a combined bid value of INR 515 crore. They offer over 1 million square feet of development potential and an estimated revenue exceeding INR 3,400 crore. This acquisition expands GPL’s NCR portfolio, with four major projects now estimated to generate over USD 1 billion in revenue.

Regency Ceramics Expands Production with Segno Ceramics Buyout

**Regency Ceramics Expands with Segno Ceramics Acquisition** Regency Ceramics has acquired Segno Ceramics in Bapatla, Andhra Pradesh, effective August 22, 2024. The all-cash deal gives Regency control over a 50-acre facility with a production capacity of 3.6 million square meters per year, enhancing its ability to produce Glazed and Polished Vitrified Tiles. This move aligns with Andhra Pradesh’s industrial growth goals and supports Regency’s revenue target of ₹100 crore in the coming year.