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Other Developments
A curated list of other prominent stories from this day.
11:08 PMEconomic Times Realty
UP-RERA makes on-site inspection must for project extension requests in Noida, Ghaziabad and Lucknow
Summary
UP-RERA now requires its expert team to conduct on-site inspections before approving project extension requests in Ghaziabad, Gautam Buddh Nagar and Lucknow. The rule takes immediate effect amid concerns that developers could submit fabricated or inaccurate documents, with advance notice required before inspections.
Project extensions in these markets will no longer depend solely on developer-submitted paperwork. The added
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Why it matters
Developers face a higher evidentiary burden, while buyers gain a formal mechanism to test whether delayed projects genuinely need more time.
Accenture leases, renews 5.84 lakh sq ft across Mindspace REIT’s Airoli parks
Summary
Accenture has leased, expanded and renewed more than 5.84 lakh sq ft across Mindspace REIT’s Airoli office parks in Navi Mumbai under arrangements extending up to ten years. The space is expected to accommodate about 10,000 employees.
Accenture’s long-term commitment strengthens occupancy and revenue visibility for Mindspace REIT while confirming Airoli’s role
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Why it matters
A major multinational has locked in a substantial footprint, reinforcing Navi Mumbai’s appeal as a scaled office hub.
Number of branded housing projects in India set to jump over 2-fold in 6 years: Savills
Summary
India could see nearly 25 branded ultra luxury housing projects completed by 2032, more than doubling the current pipeline. Developers are partnering with global luxury brands to serve rising demand from high net worth buyers seeking premium design, services, and lifestyle offerings.
The luxury housing market is shifting from standalone high end projects toward branded residences, where
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Why it matters
Branded residences are becoming a distinct growth category in Indian real estate, reshaping how developers compete for wealthy buyers.