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Navi Mumbai Marks 500 Buildings Unsafe, Issues Evacuation Notices

NAVI MUMBAI: The Navi Mumbai Municipal Corporation (NMMC) has identified 500 buildings as dangerous, following a comprehensive department-wise survey of existing structures within its jurisdiction. These buildings fall under the classification outlined in Section 264 of the Maharashtra Municipal Corporation Act. The NMMC has issued notices to the relevant cooperative housing societies, instructing them to vacate the buildings classified as C-1, in accordance with a directive from the high court. NMMC emphasizes that these structures are deemed unsafe for human habitation in their current state. In adherence to Section 265 (A) of the Maharashtra Municipal Corporation Act, housing societies must…

Crisil: REIT Gross Asset Value to Surge 35-40% This Fiscal

NEW DELHI: According to Crisil Ratings, the gross asset value (GAV) of domestic real estate investment trusts (REITs) is projected to rise by 35-40% by the end of fiscal 2027, up from September 2025, driven by new asset additions and the introduction of another REIT. Stable rental income growth, along with diversification and regulated leverage, will support steady credit profiles. REITs generally grow their asset base either through the development of new projects—limited to 20% by regulations—or by acquiring existing operational assets. Gautam Shahi, director of the firm, stated, “Currently, under-construction assets make up just 5% of total GAV for…

Telangana Revises Building Rules, Boosts TDR Utilization

HYDERABAD: The Telangana government has revised the Building Rules of 2012, enhancing the usage of transferable development rights (TDR) and relaxing current building parameters. These changes are expected to spur real estate activity in Hyderabad and surrounding urban areas, offering builders increased flexibility in their projects. The recent order from the Municipal Administration and Urban Development (MA&UD) department, issued in GO 95 on Saturday, clarifies the definition of high-rise buildings as those reaching 21 meters or more, excluding components like chimneys and water tanks. This adjustment comes following numerous requests to optimize TDR usage and introduce more flexible construction standards.…