Category: Latest Stories

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Latest StoriesResidential

NCR Wage Hike Could Increase Living Costs in Gated Societies

Worker unrest in the National Capital Region (NCR), coupled with a substantial rise in minimum wages, is projected to increase living expenses in gated housing societies, escalating construction costs already burdened by geopolitical tensions, according to industry leaders. Facility management companies that oversee residential complexes are likely to transfer the burden of higher labor costs to residents through increased maintenance fees. Meanwhile, developers are grappling with the dual challenge of soaring property prices, which have already dampened home sales, leaving limited room to absorb additional financial pressures. “The rise in minimum wages coincides with existing multiple cost pressures. We’re observing…

IndustryLatest Stories

Telangana’s TDR Policy Causes Price Surge, Builders Object

HYDERABAD: A recent policy aimed at compensating landowners and fostering urban growth has sparked fresh controversy in Telangana’s real estate sector. Following the state government’s announcement last month mandating the use of transferable development rights (TDR) for certain high-rise buildings and allowing their use for setback relaxations, TDR prices have surged significantly across Greater Hyderabad. Builders, developers, and everyday property owners are now voicing concerns over what they view as an artificial price spike and potential market manipulation. TDR serves as a certificate awarded to landowners who relinquish property for public use, such as road expansion or infrastructure projects. Instead…

Latest StoriesRegulatory

Karnataka HC: Sub-registrars must update docs in 4 weeks

BENGALURU: To prevent future litigations once sale deeds are declared void, the Karnataka High Court has established new guidelines for civil and commercial courts, as well as sub-registrars, to update property documents in a timely manner. Justice Sachin Shankar Magadum emphasized that in cases where a registered document related to immovable property is annulled, all civil and commercial courts must send a copy of the decree to the respective sub-registrar within four weeks. This correspondence should include the document number, registration date, book and volume details, and the nature of the annulled document. The decree must be accompanied by a…

Latest StoriesResidential

Manasum Senior Living to invest ₹150 crore in Chennai project

NEW DELHI: Manasum Senior Living plans to invest around ₹150 crore to develop a senior living project called The Madras Pavilion in Chennai, in collaboration with VNCT Global. The project will cover 4.5 acres and include 92 villas and 36 apartments. The villas will range from 897 sq ft to 1,124 sq ft, while the apartments will vary between 685 sq ft and 820 sq ft in 1BHK formats. The company is also considering a ₹550 crore investment to expand its footprint in South and West India. Published On Apr 21, 2026 at 04:00 PM IST Join the community of…

IndustryLatest Stories

Bengaluru Real Estate Stable Amid Global Tensions

BENGALURU: Despite ongoing global tensions, Bengaluru’s real estate market remains stable. Although investor sentiment has been affected, particularly among overseas buyers, there hasn’t been a notable decline in demand. Experts attribute this resilience to local factors, such as job growth, infrastructure improvements, and consistent homebuyer interest. “The demand from Middle Eastern investors has dropped by nearly 50% since unrest escalated, but we expect it to stabilize and potentially rise again. Even with a boost in property sales in the UAE, Indian properties are not facing distress sales. Given that returns on Dubai properties may stagnate, the robust growth in India…

InfrastructureLatest Stories

₹30 Crore Government Land Cleared of Encroachment in Indore

INDORE: The Indore district administration launched a major anti-encroachment operation on Monday, recovering government land valued at around ₹30 crore. Following instructions from Indore Collector Shivam Verma, the team focused on illegal constructions in the Khajrana village area. “Approximately 30,000 square feet of encroached land was reclaimed, where 12 illegal houses were demolished. This action aims to restore the land to the state government,” stated Juni Indore SDM Ghanshyam Dhangar. He noted that the market value of the recovered land is estimated at around ₹30 crore. The administration has issued a stern warning that it will persist in taking strict…

Latest StoriesResidential

Lucknow Development Body Receives 110 OTS Scheme Applications

LUCKNOW: The Lucknow Development Authority (LDA) has received 110 applications for its one-time settlement (OTS) scheme, with 85 submitted on Monday. These applications pertain to inquiries about outstanding dues on properties purchased by the applicants. A help desk is available at the LDA office to assist allottees with their online applications, and the LDA is hosting camps at various project locations. The OTS camp at Bhawani Market, Jankipuram Extension, will continue on Tuesday, providing immediate assistance. Deputy Secretary Madhvesh Kumar stated that the scheme will remain open until July 17. It encompasses various types of properties, including residential and commercial…

Latest StoriesResidential

Vadodara’s Homes Built by Civic Body Deteriorate in 20 Years

Representative AI image VADODARA: Residents of various Jawaharlal Nehru National Urban Renewal Mission (JNNURM) housing projects in Vadodara are still facing poor living conditions, despite promises of enhanced housing standards. Constructed by the Vadodara Municipal Corporation (VMC) under the Basic Services for the Urban Poor (BSUP) initiative, over 21,000 residences were built for economically disadvantaged groups between 2005-06 and 2013-14. The first residents moved in during 2010, but many have experienced deteriorating conditions within just two years. Initial issues included water leaking from terraces and damage to overhead tanks. Residents alerted the authorities, resulting in attempts at remediation like waterproofing…

Latest StoriesRegulatory

SC Issues Notice on Contempt Petition Over Gurugram Constructions

GURUGRAM: The Supreme Court has issued a notice in a contempt petition filed by Rajdarbar Iconic Venture concerning its December 17, 2024, ruling on unauthorized constructions, focusing on a land parcel in Chakkarpur village. During the contempt petition hearing on April 17, a bench comprising Justices JB Pardiwala and Vijay Bishnoi acknowledged the delay in filing the petition and instructed the respondents, including Anurag Rastogi and others, to submit their replies by May 7, 2026. The court also waived the requirement for their personal appearance at this stage. The petition names several respondents, including high-ranking Haryana officials such as the…

CommercialLatest Stories

Welspun Enterprises Acquires 4.5 Lakh Sq Ft Office in Pune

MUMBAI: Welspun Enterprises Ltd has leased over 450,000 sq ft of office space in Pune’s prominent IT area, Hinjewadi, marking one of the largest office deals in the city this year. The space, located at Radius IT Park, part of the Hinjewadi IT Park cluster, has been acquired from Indo Global Soft Solutions & Technologies under a fresh lease agreement that began on April 1. The lease encompasses approximately 457,500 sq ft of chargeable area and over 329,000 sq ft of carpet area, distributed across eight floors of the commercial space, according to documents obtained from Propstack. The agreement commences…