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.

IndustryLatest Stories

UP Plans Metropolitan Corp for Noida Following SC Ruling

NOIDA: The UP Industries Department has drafted a proposal for the establishment of a metropolitan corporation in Noida, pending consideration by the state council of ministers. This initiative would necessitate legislative changes, marking a significant shift in Noida’s governance. At present, Noida is administered by the New Okhla Industrial Development Authority (Noida Authority), established in 1976 under the Uttar Pradesh Industrial Area Development Act, functioning as an industrial township without a municipal corporation. The governance of notified areas solely rests with the Noida Authority. This proposal stems from a Supreme Court order issued in August of last year, following a…

InfrastructureLatest Stories

GDA to Hand Over Five Colonies, Pay ₹66 Crore for Civic Work

GHAZIABAD: The GDA (Ghaziabad Development Authority) and GMC (Ghaziabad Municipal Corporation) have officially completed the handover of five colonies. GDA has pledged Rs 66 crore for essential improvements to water, road, and sewer infrastructure. This marks their first streamlined handover agreement since Indirapuram, which took over a decade. The colonies involved in this transfer include Swarn Jyantipuram, B Block of Karpuri Puram, Bhaurao Devrash Colony, KB Block in Pratap Vihar, CP Block in Govindpuram, and a segment of Raj Nagar Extension along Pusta Road. Additionally, a 56 MLD STP (Sewage Treatment Plant) located in Madhuban Bapudham will also be handed…

Latest StoriesRegulatory

SC Upholds Orissa HC Ruling on Pahala Project CC Legality

BHUBANESWAR: The Supreme Court has stayed the Odisha High Court’s December 2025 decision that overturned the orders of the Odisha Real Estate Appellate Tribunal (OREAT) concerning a significant real estate project in Pahala, located on the outskirts of the city, along with the interests of its allottees. The High Court previously determined that the project was completed before the initiation of the Odisha Real Estate (Regulation and Development) Act, 2016 (RERA), rendering homebuyers’ complaints inadmissible. This conclusion was based on a completion certificate issued for the project in 2015. However, the Supreme Court’s intervention has placed this ruling on hold,…

IndustryLatest Stories

Goldman Sachs, Morgan Stanley buy 4.9% in Sunteck for ₹268 crore

NEW DELHI: On Thursday, US-based firms Goldman Sachs and Morgan Stanley jointly acquired a 4.9% stake in Sunteck Realty from CLSA, a capital market company, for ₹268 crore through open market transactions. According to block deal data from the BSE, Goldman Sachs, via its arm Goldman Sachs Bank Europe SE, bought 36.52 lakh shares, equating to a 2.5% stake in Sunteck Realty. Moreover, Morgan Stanley, through its affiliate Morgan Stanley Asia (Singapore) Pte, purchased 35.09 lakh shares, which represents a 2.4% stake in the company. The shares were acquired at an average price of ₹375.1 each, bringing the total deal…

Latest StoriesResidential

EESL to Provide Energy-Efficient Solutions to PMAY in Andhra Pradesh

NEW DELHI: EESL Energy Efficiency Services has signed an agreement with the Andhra Pradesh State Housing Corporation Ltd (APSHCL) to implement energy-efficient solutions. As part of this initiative, beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) will receive a starter package that includes four 5-star rated LED bulbs, two LED batten tube lights, and two brushless direct current (BLDC) ceiling fans, according to an EESL statement. EESL has partnered with APSHCL to launch a significant energy-efficiency campaign under the PMAY initiative, aimed at enhancing housing for all. Published On Jan 30, 2026 at 07:17 AM IST Join a community of…

IndustryLatest Stories

Prestige Estates Reports ₹244.7 Crore Profit in Q3 FY26

NEW DELHI: Prestige Estates Projects announced a net consolidated profit after tax of ₹244.7 crore for the quarter ending December 31, 2025, a significant increase from ₹32.2 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income for Q3 FY26 reached ₹3,885.5 crore, marking a remarkable growth of 128.84% compared to ₹1,697.9 crore in the corresponding quarter the previous year. The real estate firm reported sales of ₹223,273 million, reflecting a year-on-year increase of 122%. Collections during the first nine months of FY26 amounted to ₹132,833 million, up 49% year-on-year, with…

CommercialLatest Stories

India’s REIT-Ready Office Stock Exceeds 415 Million Sq Ft

NEW DELHI: India’s commercial real estate sector is moving into a more institutional phase, as highlighted by the Economic Survey 2025-26. The report notes that over 415 million sq ft of office space in the top seven cities is now eligible for REITs, with the emergence of small and medium REITs (SM REITs) offering a regulated investment option for smaller real estate portfolios. The survey indicates that Bengaluru accounts for 32.6% of the total REIT-ready office stock, emphasizing the substantial number of income-generating commercial assets that remain outside of listed REIT platforms. Other significant contributors include Delhi-NCR, Mumbai, Chennai, Hyderabad,…

Housing FinanceLatest Stories

Home loans surge nearly 4x to ₹37 lakh crore by March 2025

NEW DELHI: According to the Economic Survey 2025-26, housing finance has seen a significant expansion, with outstanding individual home loans increasing nearly fourfold to ₹37 lakh crore by the end of March 2025. The share of home loans in relation to GDP grew from 8% in 2015 to 11% in 2024-25, indicating robust growth in this sector. Post-COVID, housing sales have surged, further driving demand for home loans. The report states, “The ‘real estate and ownership of dwellings’ sector has contributed approximately 7% to annual GVA on average over the past decade, underscoring its critical role in services-led growth and…

InfrastructureLatest Stories

Survey urges holistic rethink of development control rules

NEW DELHI: India’s urban areas are at a pivotal point, as highlighted by the Economic Survey 2025-26, which emphasizes that the nation’s urban narrative currently reflects an “unfinished promise.” To fully harness the capabilities of these “engines of growth,” the report advocates for a comprehensive reassessment of development control regulations (DCR) and a strategic overhaul in urban financing and governance. Central to this shift is the imperative to recognize cities as “critical economic infrastructure” rather than just living spaces. The survey points out a notable “governance deficit,” suggesting that while major global cities operate with autonomy, Indian cities often prioritize…

InfrastructureLatest Stories

Wastewater Treatment Could Unlock ₹3.2 Lakh Crore Market by 2047

Representative AI image NEW DELHI: The Economic Survey 2025-26 highlights a new economic opportunity within India’s evolving urban environment: the circular water economy. Addressing the escalating freshwater scarcity, the survey contends that the conventional “use and dispose” model is untenable for a quickly urbanizing nation. It recommends a paradigm shift towards viewing wastewater as a vital urban resource, which has the potential to create a market valued between ₹2.4 lakh crore and ₹3.2 lakh crore by 2047. The report emphasizes that reusing Treated Used Water (TUW) for non-potable applications like industrial cooling, construction, and landscaping could lead to more than…