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Other Developments
A curated list of other prominent stories from this day.
11:39 PMEconomic Times Realty
Subhash Chandra's Delhi bungalow sold for ₹1,260 crore
Summary
Essel Group chairman Subhash Chandra is selling a Lutyens' Delhi bungalow for ₹1,260 crore, among the priciest home transactions recorded in India. The asset was acquired in 2015 for ₹304 crore, with deal formalities slated to close by December 30, 2026.
Why it matters
Ultra-prime Delhi transactions like this set the reference price for India’s most scarce residential land and can pull the top end of the market higher.
Eldeco Group Launches Tower Faith at Eldeco Trinity, Lucknow
Summary
Eldeco Group launched Tower Faith within its Eldeco Trinity residential project in Gomti Nagar Extension, Lucknow, and opened a luxury show apartment to showcase the product. The new tower is positioned around larger, lifestyle-oriented homes with premium specifications aimed at demand for more spacious residences.
Why it matters
Premium launches in Lucknow signal where demand is consolidating and set the pricing and amenity benchmark for the city’s next wave of residential supply.