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.

CommercialLatest Stories

Grade-A Office Absorption Up 5% to 13.5M Sq Ft in Q1 2026

NEW DELHI: In Q1 2026, net absorption of grade-A office space in India’s top seven cities reached 13.5 million sq ft, reflecting a 5% increase from 12.9 million sq ft in the same period last year, as reported by Anarock Research & Advisory. Bengaluru led the way with a remarkable net absorption of 4.77 million sq ft, a 67% rise compared to 2.85 million sq ft in Q1 2025. Hyderabad followed closely with 2.95 million sq ft, marking a 64% year-on-year increase, while Chennai saw an absorption of 1.05 million sq ft, a 50% uplift. Kolkata also experienced growth, recording…

InfrastructureLatest Stories

Kolkata Metro Orange Line Extension to Sector V by Dec 2026

Kolkata Metro KOLKATA: Metro Railway plans to extend Orange Line services to the IT Centre station at Sector V by December. Currently, services on the New Garia-Airport corridor operate between New Garia and Beleghata station at the Metropolitan, with work commencing on a critical 366m gap in the viaduct at Chingrighata crossing starting Friday, according to officials. “We are optimistic that train operations may commence between Metropolitan and Sector V by December 2026. The state is facilitating the permissions needed to complete all outstanding metro work,” stated S S Kannan, CPRO of Metro Railway, on Thursday. “The long-awaited project at…

IndustryLatest Stories

Nisus Finance invests ₹90 crore in Realnet’s Hinjewadi project

NEW DELHI: Nisus Finance Services Co has invested ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures, which is a fully owned subsidiary of Paranjape Schemes (Constructions). The residential apartment tower is being developed on 1.09 acres of land, offering a total saleable area of 4.02 lakh sq ft. It will comprise 188 units, including 3BHK (average area of 1,300 sq ft) and 4BHK (average area of 1,700 sq ft) configurations. The project has a gross development value (GDV) of ₹370 crore and is projected to generate an operating surplus of ₹143 crore. Located within Blue…

InfrastructureLatest Stories

NDMC Offers 50% Parking Rebate for EVs in Lutyens’ Delhi

NEW DELHI: On Thursday, the NDMC announced a 50% discount on parking fees for electric vehicles and will begin shuttle bus services for employees from four residential areas starting May 15, aimed at promoting green transportation. These decisions were made during a meeting led by NDMC Vice Chairman Kuljeet Singh Chahal at Palika Kendra, aligning with Prime Minister Narendra Modi’s vision for sustainable development and environmental protection amidst the ongoing crisis in West Asia affecting fuel supply. Chahal stated that the New Delhi Municipal Council will implement a 50% parking fee rebate for electric vehicles starting Monday. “In addition, NDMC…

IndustryLatest Stories

Bihar Requires Map Approval for Rural Multi-Storey Buildings

PATNA: The state government is set to make map approval mandatory for constructing apartments and multi-storey buildings in rural areas to regulate unplanned expansion across villages. The Panchayati Raj department is finalizing new rules that will require approval from the law department, a high-level committee, the state cabinet, and the legislature. Once in place, no multi-storey structure will be permitted in rural areas without an approved building plan. Panchayati Raj Minister Dipak Prakash stated, “Bihar is experiencing rapid urbanization along with increasing unplanned constructions in non-planned areas.” He noted, “These developments lead to violations of building by-laws and cause revenue…

InfrastructureLatest Stories

Maharashtra Approves Land Handover for Mula-Mutha Project

Representative AI image PUNE: The state government approved the transfer of three land plots adjacent to the Mula-Mutha river for the Riverfront Development Project (RFD) on Thursday. A total area of 52,851 sqm will be transferred to the Pune Municipal Corporation (PMC) as per the decision made during a state cabinet meeting. The land parcels comprise an 11,015 sqm section between Sangamwadi Bridge and Bund Garden Bridge, a 34,128 sqm area at the Mundhwa Botanical Garden, and an additional 7,700 sqm plot in the Mundhwa area, currently owned by the Women and Child Welfare Department. Mayor Manjusha Nagpure expressed support…

Latest StoriesRegulatory

Lucknow to Introduce OTS Scheme for Tax Dues

LUCKNOW: Approximately 250,000 homeowners in the city will soon experience relief from long-standing house tax and water tax obligations. The Lucknow Municipal Corporation (LMC) is set to launch a one-time settlement (OTS) scheme addressing overdue payments owed to the civic body and its Jalkal department. The upcoming OTS initiative is modeled after previous successful programs by the Lucknow Development Authority and UP Awas Vikas Parishad. According to official records, the accumulated house tax debts owed to the LMC have reached around ₹700 crore, which includes nearly ₹100 crore in interest. The Jalkal department also reports approximately ₹110 crore in overdue…

Latest StoriesResidential

Ranbir Kapoor Purchases 2,134 sq ft in Ayodhya for ₹3.31 Cr

NEW DELHI: Ranbir Kapoor has purchased a 2,134 sq ft land parcel in Ayodhya for ₹3.31 crore. The property is part of The Sarayu, a 75-acre plotted development by House of Abhinandan Lodha (HoABL). In March 2026, Amitabh Bachchan acquired a 2.67-acre land parcel in the same city for ₹35 crore from HoABL. The deal was managed by Rajesh Yadav, managing director of AB Corp. HoABL currently has approximately 34 million sq ft under active development and aims to expand to 48 cities across India. Published On May 14, 2026 at 04:35 PM IST Join over 2M industry professionals. Subscribe…

Latest StoriesResidential

Odisha Flat Owners Face ₹50,000 Stamp Fee for Common Areas

BHUBANESWAR: In an effort to simplify apartment registrations, the state government announced amendments to the Indian Stamp Act, 1899, via an ordinance on Thursday. This initiative aims to alleviate the financial pressures on apartment owners’ associations and eliminate procedural obstacles. The announcement, published in the Odisha Gazette, follows the state cabinet’s green light earlier this January. The amendments are expected to streamline the registration process under the Odisha Apartment (Ownership and Management) Act, 2023, while protecting government revenue. With this ordinance, the framework for implementing the amended stamp duty is now in place. Under the 2023 Act, developers are obliged…

InfrastructureLatest Stories

Illegal Walls and Rooms Targeted in Gurugram Offices and Homes

Representative image GURUGRAM: On Wednesday, the enforcement wing of the Town and Country Planning Department (DTCP) conducted a sealing and demolition drive throughout the city. The operation targeted unauthorized structures at various residential and commercial properties, supported by local police from the Sector 50 police station. Actions taken included the demolition of an internal wall and an unauthorized vendor stall, as well as sealing a servant room. Authorities confirmed that proper legal procedures were followed before any demolition and sealing occurred, with notices issued accordingly. These actions were initiated in response to multiple complaints received through various grievance channels. At…