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real estate news India

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MICL Group expands its South Mumbai portfolio with a ₹2,000 crore Tardeo redevelopment deal, taking its total pipeline in the region to over ₹8,000 crore.

MICL Group Expands South Mumbai Presence with ₹2,000 Cr Tardeo Redevelopment Deal

MICL Group expands its South Mumbai portfolio with a ₹2,000 crore Tardeo redevelopment deal, taking its total pipeline in the region to over ₹8,000 crore.
India’s flexible workspace market is set for strong growth, with capacity expected to reach 145 million sq ft by FY28, driven by rising demand for hybrid and cost-efficient office solutions.

India Office Market Hits Record High in Q1 2026: 21.5 Million Sq Ft Leasing Signals Strong Growth Despite Global Challenges

India’s office real estate market records its strongest-ever Q1 with 21.5 million sq ft leasing, led by GCCs and tech firms, as cities like Bengaluru and Mumbai drive growth despite global headwinds.
Maharashtra has kept Ready Reckoner rates unchanged for FY 2026–27, providing relief to homebuyers and developers while helping maintain affordability and market stability.

Maharashtra Keeps RR Rates Unchanged for FY27, Realty Sector Gets Relief

Maharashtra has kept Ready Reckoner rates unchanged for FY 2026–27, providing relief to homebuyers and developers while helping maintain affordability and market stability.
In a scathing order, Bombay HC has exposed CIDCO’s 37-year-old “forgotten land” scandal in Navi Mumbai and ordered fresh acquisition under the 2013 Act with full compensation — a landmark blow for property rights.

Homebuyers Are Vulnerable, Developers Not on Equal Footing: Bombay High Court

In a powerful pro-homebuyer verdict, the Bombay High Court has held that allottees are “generally very vulnerable” and cannot be placed on equal footing with promoters, clearing the way for withdrawal of deposited refund amounts during developer appeals.
India’s office vacancy has fallen to 13.85%, the lowest since 2020, driven by strong demand and limited supply. With rents rising and premium spaces tightening, the market is shifting in favour of landlords.

India Office Market Starts 2026 Strong with 18.3 Mn Sq Ft Leasing, Up 15% YoY

India’s office market recorded 18.3 million sq ft leasing in Q1 2026, up 15% YoY, led by Bengaluru and Hyderabad. Flex spaces surged while vacancy levels declined, signaling strong demand.