The joint venture cum subsidiary of Mahindra Lifespace Developers Ltd has launched its second residential project at Palghar, Mumbai Metropolitan Region. The project, Happinest - Palghar, is registered with Maharashtra RERA.

Realty firm Ashiana Housing will invest around Rs. 400 crore over the next four years on new housing projects that it plans to launch during this fiscal year, and is also looking for partnerships with landowners for expansion of its business. The total cost to develop this 14 lakh sq ft area is estimated at Rs. 390 crore over four years.

DLF will move into the mid-income housing segment in a diversification that will see the company develop 10 million sq ft of housing. The mid-income housing will be a combination of plotted colony, independent floors and mid-rise houses, all in the New Gurgaon sector. DLF intends to keep the buildings 8-storey or less.

The company announced its entry into the Goa market with its first residential development project, ‘Prestige Ocean Crest’, at Dona Paula. Mathias Construction Pvt Ltd is to jointly develop the project. The premium residential development project will consist of 106 apartments, seven shops and one sea-view restaurant.

NBCC (India) has started construction of over 16,000 flats of Amrapali. The projects where construction was started include Smart City-Golf Homes, Kingswood, Leisure Park (Ph-1, Ph-2 and River view), Centurion Park-Terrace Homes and Tropical Garden, Leisure Valley- Adarsh Awas Yojna and Dream Valley- Enchante.

A joint venture between Japanese conglomerate Sumitomo Corporation and Indian auto components major Krishna Group will invest Rs. 650 crore to develop the first phase of a 65-acre township in Gurugram. The investment excludes the land cost. The project is aimed for completion by mid-2024, with three towers and 433 apartments.

The player in commercial real estate is expanding its residential portfolio and will start development of three new projects in Bengaluru at an investment of around Rs 600 crore. These put together will have around 1,200 units, including 500 plots. One of the projects will be in the affordable housing category.

The Gurgaon-based real estate developer which is into affordable housing projects, plans to launch 10,000 units before March 2021 as per the target it had set in pre-Covid days. This month it launched over 800 units under the Deen Dayal Jan Awas Yojana, a scheme of by the Haryana government.

MMRDA has decided to allot to Indian Oil Corporation (IOC) a 400-sq m plot in the Bandra-Kurla Complex (BKC) next to the land parcel on which the company has constructed its registered office building.For the new plot being allotted, a lease for the remaining 64 years will be signed instead of 80 years.