Category: Latest Stories

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CommercialLatest Stories

5 REITs distribute ₹2,450 crore to 3.8 lakh unitholders in Q3 FY26

NEW DELHI: In the third quarter of FY26, India’s five listed Real Estate Investment Trusts (REITs) distributed over ₹2,450 crore to more than 3.8 lakh unitholders. The listed REITs—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT, and Nexus Select Trust—collectively manage a portfolio exceeding 185 million sq ft of grade-A office and retail real estate nationwide. Since their respective launches, these REITs have cumulatively disbursed over ₹29,100 crore to unitholders, demonstrating the growing prominence of this investment vehicle in India’s capital markets. As of Q3 FY26, the total gross assets under management…

Latest StoriesResidential

Lead-to-buy cycle cuts to 26 days; ₹2-3 crore homes sell in 15 days

NEW DELHI: Despite a decline in housing sales across major cities in 2025, the average duration to convert a housing lead to a booking decreased to 26 days, the shortest span in three years. This trend is attributed to swifter decision-making in high-value segments, as reported by Anarock. The lead-to-booking conversion time dropped from 32 days in 2024 to 26 days in 2025. The quickest conversion period was noted in 2022 at 22 days, while 2020 marked the slowest at 35 days. “The reduction in conversion days is primarily due to increased sales of larger homes in top cities,” explained…

IndustryLatest Stories

Shriram Properties Buys 4 Acres in Bengaluru

Representative image NEW DELHI: Shriram Properties (SPL) has successfully acquired a four-acre land parcel on Sarjapur Main Road in South-East Bengaluru through an outright purchase. The company intends to develop a high-rise residential project on this site, which is projected to encompass approximately five lakh square feet of saleable area with an estimated gross development value (GDV) of ₹550-600 crores. The launch of the project is anticipated in the latter part of 2026. Additionally, SPL has recently completed the acquisition of 100% equity shares in Shrivision Upscale Spaces on February 9, 2026, through a cash transaction at ₹10 per share…

IndustryLatest Stories

Goa Achieves 25% Completion of Land Records Update

Representative AI image PANAJI: Despite initial resistance from some communities, the state government has successfully completed approximately 25% of the work needed to update land records and issue urban property cards (UrPro) to landowners. Concerns arose that the survey could affect certain village areas slated for municipal inclusion and might lead to the confiscation of properties owned by individuals residing abroad or those with no legal heirs. A senior official indicated that the government aims to complete the survey by the end of February, but if it remains unfinished, they will seek additional time from the authorities. The Goa (National…

InfrastructureLatest Stories

Pune fines developer for dumping debris on riverbed

PUNE: The civic body has imposed a fine of ₹10 lakh on a private developer for allegedly dumping waste on the riverbed near Deccan. “The civic administration directed the Slum Rehabilitation Authority to take further action. A stop-work order should be issued for the construction project from which the debris was collected, and the site has been sealed,” noted a senior PMC official. “We will pursue criminal charges against those responsible for this illegal dumping. Monitoring efforts will be increased,” stated Avinash Sakpal, head of Pune Municipal Corporation (PMC)’s solid waste management department. PMC Commissioner Naval Kishore Ram mentioned, “The…

InfrastructureLatest Stories

Maharashtra Govt Confirms PMC as Planning Authority for 23 Areas

PUNE: On Wednesday, the state government designated the Pune Municipal Corporation (PMC) as the planning authority for the 23 areas merged into its limits in 2021. This significant decision aims to transform the city’s development dynamics. Since the merger, residents in these areas have been in a complicated situation, with daily planning decisions resting with the Pune Metropolitan Region Development Authority (PMRDA). This dual-authority scenario meant that while PMC provided water and civic services, PMRDA was in charge of issuing building permits. As a result, developers, residents, and officials often faced confusion due to overlapping regulations, ambiguous permissions, and enforcement…

IndustryLatest Stories

Odisha Officials Visit Chennai for Affordable Housing Insights

BHUBANESWAR: A delegation from the Odisha government recently visited Chennai to explore affordable housing and urban habitat programs backed by the World Bank and the Asian Development Bank (ADB), according to an official statement released on Friday. Led by Usha Padhee, the Additional Chief Secretary of the Housing and Urban Development Department, the team aimed to understand successful models of affordable housing delivery, institutional strengthening, innovative financing frameworks, and sustainable urban habitat development in Tamil Nadu. During their visit, Padhee, along with officials from the Odisha Urban Housing Mission (OUHM), engaged in detailed discussions with senior representatives from the Tamil…

InfrastructureLatest Stories

Maharashtra Plans Draft Structure for Pune Metropolitan Area

Representative AI image PUNE: The state government has instructed the PMRDA to promptly begin drafting the structure plan for the Pune Metropolitan Region (PMR). Senior officials from the urban development department mentioned that the notification was released on February 10. “The directions were issued in the public interest in accordance with provisions added through Chapter III B of the MRTP Act. The amended law allows a six-month window following the publication of the statutory notice to prepare the structure plan. Hence, the state has ordered the PMRDA to take immediate action,” they stated. PMRDA Commissioner Yogesh Mhase assured TOI on…

IndustryLatest Stories

Signature Global, RMZ Team Up for Gurugram Mixed-Use Project

NEW DELHI: Signature Global (India) has partnered with RMZ to establish a joint venture focused on a mixed-use development featuring office spaces, hotels, and retail units along the Southern Peripheral Road (SPR) in Gurugram. According to the agreement, the companies will create a 50:50 joint venture, with RMZ investing ₹1,283 crore in the project. Pradeep Aggarwal, founder & chairman of Signature Global (India), stated, “The Southern Peripheral Road has consistently developed into a significant hub for residential and commercial projects, bolstered by robust infrastructure and connectivity.” As part of this deal, RMZ will acquire a 50% stake in Gurugram Commercity…

InfrastructureLatest Stories

Illegal colonies, site office demolished in Gurugram drive

Sure! Here’s a rewritten version of your content: Representative AI image GURUGRAM: The District Town Planning (DTP) enforcement wing launched a demolition campaign against unauthorized colonies and illegal constructions at various sites in the city on February 11 and 13. Structures like foundation-level constructions, boundary walls, and internal roads in Sadhrana, Bohra Kalan, Jamalpur, and Sector 89 were removed with the assistance of police teams from the Sector 10A and Bilaspur stations. Following complaints registered through the Chief Minister’s grievance portal, enforcement teams arrived at the revenue estate of Sadhrana on February 13. In one unauthorized colony, three damp-proof course…