Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRecent Stories

Sambalpur civic body partners with SPA for urban development

Representative Image SAMBALPUR: Sambalpur Municipal Corporation (SMC) has entered into a strategic partnership with the School of Planning and Architecture (SPA), Delhi, for planned urban development of the city. The MoU signed under the guidance of Union education minister Dharmendra Pradhan aims to leverage SPA Delhi’s expertise in transforming Sambalpur into a model city. “This collaboration with India’s premier architecture institution will support us in designing the master plan and implementing various development projects,” said Collector (Sambalpur) S B Bondar. He said the initiative came following the Union education minister’s directive to develop Sambalpur as a planned city. According to…

Latest StoriesRecent Stories

Haridwar locals struggle to sell properties near waste site where civic body bought land at inflated rate

HARIDWAR: The alleged scam involving the sale of a 2.3-hectare plot next to a garbage dumping site in Sarai village has left locals stunned. Villagers were shocked to learn that the Haridwar Nagar Nigam purchased the land for Rs 54 crore, even as they themselves struggle to sell their properties, despite slashing prices, due to the foul odour and polluted air from the dumping site. Action has been taken against 12 officials, including Haridwar district magistrate (DM) Karmendra Singh, sub-divisional magistrate Ajayveer Singh and the then commissioner of the Haridwar Municipal Corporation. The alleged scam centres on the conversion of…

Latest StoriesRecent Stories

Houses outside lal dora in Chandigarh to get water connections but at a hefty price

CHANDIGARH: The BJP-led municipal corporation did approve the agenda of temporary water connections for residents living outside the lal dora at 22 villages in the city, but with a caveat. The civic body has imposed double domestic charges and hefty construction charges, much to the chagrin of opposition parties, which protested against the financial burden. According to the opposition, water connections should be provided without imposing double domestic charges and construction charges on old buildings. Regardless of their protests, the mayor and BJP councillors approved the agenda. Objecting to this, AAP councillor Hardeep Singh said, “Water connection is required, but…

Latest StoriesRecent Stories

Pay your holding tax by June 30, avail up to 10% rebate: Ranchi civic body

RANCHI: The Ranchi Municipal Corporation (RMC) has already raked in 23% of its target revenue for the ongoing fiscal year through holding taxes, with over 54,709 households out of 2.34 lakh registered properties having paid their dues since April this year. “The RMC has collected Rs 22 crore in holding tax payments for the financial year 2025–26, achieving 23% of its annual target of Rs 97 crore,” deputy municipal commissioner Gautam Prasad Sahu said. In a bid to encourage early payments, the civic body has announced rebates of up to 10% for those who pay by June 30. The highest…

Latest StoriesRecent Stories

About 300 revenue officers in Odisha issued show-cause notices for land sale norms flout

BHUBANESWAR: State govt has issued show-cause notices to around 300 govt employees posted as district sub-registrars (DSRs) in the past 10 years, who are involved in suspected irregularities in land sales, revenue, and disaster management, revenue minister Suresh Pujari said here on Tuesday. “Officers who were on DSR duty between 2014 and 2024 and indulged in illegal activities are facing disciplinary proceedings. Some of them even faced criminal charges and are in jail,” he said. There are 217 sub-registrar offices and 30 DSR offices in the state. Several cases of land fraud and illegalities involving DSRs have been reported in…

Latest StoriesRecent Stories

WeWork leases over 60,000 sq ft of managed office space to Samsung India Electronics

(File photo) BENGALURU: Samsung India Electronics has significantly expanded its presence in Chennai by leasing 1,000 desks at WeWork’s Olympia Cyberspace facility, marking a strategic move to expand its managed office operations in the region. The lease agreement spans 42 months and encompasses a total area of 61,230 square feet,. “This development effectively doubles Samsung’s footprint in Chennai in the managed space segment. The company’s decision to invest in flexible workspaces underscores its commitment to agility and adaptability in a rapidly evolving business landscape,” said a source close to the deal. WeWork’s Olympia Cyberspace facility, provides Samsung with enhanced access…

Latest StoriesRecent Stories

Bengaluru civic body stalls action on illegal building work in MC Layout

BENGALURU: Despite High Court orders, builder constructs unauthorised fourth floor in MC Layout while BBMP engineers delay action, citing pending directives for months Despite directions from the High Court to the Bruhat Bengaluru Mahanagara Palike (BBMP), the construction of buildings in violation of norms continues in the city. Recently, the High Court has ordered the demolition of a building at JP Nagar 5th Phase and also directed those costs be recovered from the BBMP engineers who failed to prevent violation of norms. If the violation of norms by a builder on 16th Cross of MC Layout in Govindarajanagar Assembly constituency…

Latest StoriesRecent Stories

MHADA to provide ₹20,000 monthly rent for residents of 96 dangerous cessed buildings

NEW DELHI: The Mumbai Building Repairs and Reconstruction Board, a unit of MHADA, has declared 96 cess buildings as the most dangerous during its pre-monsoon survey for the year. Sanjeev Jaiswal, vice president and chief executive officer, MHADA, that tenants and residents of these buildings who independently arrange for alternate accommodation, will be provided monthly rent of ₹20,000 by the board. Jaiswal has also instructed the board to issue a public advertisement for leasing 400 transit tenements, each measuring between 180 and 250 sq ft for a period of three years. These units will be provided on a rental basis…

Latest StoriesRecent Stories

Tesla secures fourth India office in Mumbai as part of expansion strategy

As part of its broader strategy to expand operations in India and build a local ecosystem for future manufacturing and supply chain activities, Tesla has leased a new commercial space in central Mumbai’s Kurla west area, marking another step in its India entry. The new premise will be utilised to set up a vehicle service center. This is Tesla’s fourth commercial space in India, after its engineering facility in Pune, a registered office in Bengaluru, and a 30-seater office near Mumbai’s central business district, Bandra Kurla Complex (BKC) secured for a year. This is also the second commercial transaction concluded…

Latest StoriesRecent Stories

MMRDA allots 8,411.88 sq meters commercial plot in BKC to Schloss Bangalore

NEW DELHI: The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the allotment of a commercial plot in Bandra-Kurla Complex, Mumbai to a consortium led by Schloss Bangalore. The company along with its subsidiary Schloss Chanakya and Arliga Ecospace Business Parks, an affiliate of Brookfield, submitted a binding bid to lease the plot for a duration of 80 years. The plot area is 8,411.88 sq meters and the permissible built-up area is 33,647.52 sq meters. This is subject to demarcation and may vary as per site condition. The total lease premium payable is ₹1302 crore wherein 25% of the total…