Category: Latest Stories

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IndustryLatest Stories

Hawelia Group Receives UP-RERA Approval for Noida Project

NEW DELHI: Hawelia Group announced on Sunday that it will invest ₹770 crore to revive a 22-acre housing project in Greater Noida, following approval from the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). The company’s involvement will help over 2000 homebuyers who have been waiting for years to see their investments realized. In 2023, the Delhi-NCR-based firm reached an agreement with SJP Infracon, the previous promoter of the stalled ‘Shri Radha Sky Gardens’ project, to ensure its completion. The firm sought governmental approval to act as a co-promoter in this delayed development. In its statement, Hawelia Group mentioned that it…

IndustryLatest Stories

HUDCO, NBCC Sign MoUs for Delhi Redevelopment, Asset Deals

NEW DELHI: Housing and Urban Development Corporation Limited (HUDCO) announced on Saturday that it has entered into two Memorandums of Understanding (MoUs) with NBCC (India) Limited for collaboration on redevelopment and asset monetization projects. As per a stock exchange filing, “HUDCO has signed two MoUs with NBCC on April 11, 2026.” The first MoU aims at the redevelopment of a significant property located in the national capital. The filing noted that the two companies will “collaborate on the redevelopment of a leasehold plot… approximately 18,830 sq mt. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi.” The…

IndustryLatest Stories

Jammu & Kashmir: 415 Building Permits Issued in 2025-26

JAMMU: The tourism sector in Jammu and Kashmir is witnessing significant growth, with tourism development authorities (TDAs) issuing 415 building permissions in 2025-26 alone, surpassing the total from the last two financial years combined. In total, from 2023 to 2026, 807 building permissions were granted in the Union territory, according to official statistics. Over the past three years, TDAs have identified more than 500 unauthorized constructions in prominent tourist areas, leading to notices being served, FIRs registered, penalties imposed, and demolitions carried out. The tourism department reported that 245 building permissions were issued in 2023-24, followed by 147 in 2024-25,…

IndustryLatest Stories

24 Industrial Plots Available Across Greater Noida Sectors

Representative AI image NOIDA: The Greater Noida Industrial Development Authority has introduced a scheme offering 24 industrial plots across various sectors to stimulate investment and promote industrial development. The plots are situated in Ecotech-1 (Extension 1), Ecotech-6, Ecotech-8, Ecotech-10, Ecotech-11, and Sector 16. Officials indicated that this initiative aims to enhance Greater Noida’s status as a manufacturing and logistics hub, capitalizing on its close proximity to Noida International Airport. Applicants will be assessed based on criteria such as financial stability, net worth, and employment generation potential, with extra consideration given to start-ups, export-oriented units, women entrepreneurs, SC/ST applicants, and expansion…

Latest StoriesRegulatory

NCLAT Confirms Project-Specific Insolvency for Realty Firms

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has affirmed that insolvency proceedings initiated by homebuyers against construction firms must be restricted to the specific project where the default occurred, rather than extending to other projects of the corporate debtor. The tribunal underscored that jeopardizing unrelated projects does not serve the interests of homebuyers or stakeholders involved in those projects. “The law is clear that when financial creditors or homebuyers from a single project file a Section 7 application due to default by the corporate debtor, the Corporate Insolvency Resolution Process (CIRP) must be limited to that project,” the…

IndustryLatest Stories

Real Estate Private Equity Soars 66% to $1.2B in Q1 2026

NEW DELHI: Private equity (PE) investments in India’s real estate sector reached $1.2 billion in the January-March quarter of 2026, reflecting a 66% rise from the same period last year, as reported by Savills India. Office assets represented the largest portion of these investments at 41%, primarily concentrated in markets like Gurugram and Pune. The hospitality sector followed, capturing a 17% share, indicating a growing interest from investors in asset classes beyond the traditional ones. Domestic investors were the main contributors to equity inflows this quarter, accounting for $817 million, which is approximately 66% of total investments. A significant 63%…

IndustryLatest Stories

Haryana Updates Housing Policy: Requires One Parking Space per Unit

Representative Image NEW DELHI: The Haryana government has updated its Affordable Housing Policy, 2013, adjusting parking requirements and increasing allotment rates for residential units in cities like Gurugram and Faridabad. According to the updated policy, developers are now required to provide one equivalent car space (ECS) for each dwelling unit. The cost for this parking will be limited to 10% of the flat’s purchase price. Additional parking can be allocated for visitors or two-wheelers, with designated slots to be specified during building plan approvals. For ongoing projects lacking these parking provisions, developers must secure consent from at least two-thirds of…

IndustryLatest Stories

RIICO Enables Sale of Rajasthan Financial Corporation Properties

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has granted conditional approval for issuing No Objection Certificates (NOCs) to the Rajasthan Financial Corporation (RFC) for the sale of properties that were allotted to it. According to a statement from RIICO, the RFC is permitted to sell properties located in several industrial zones across Banswara, Kota, Alwar, Jhunjhunu, Abu Road, Balotra, Jalore, and Bhiwadi. These properties were allocated by RIICO over time at either concessional or current market rates for constructing office and residential buildings. RFC sought NOCs from RIICO to facilitate these plot sales, and the…

InfrastructureLatest Stories

Land Pooling Scheme 2.0 Accelerates in Amaravati Following APSRA Change

Representative image VIJAYAWADA: The recent amendment to the Andhra Pradesh State Reorganisation Act (APSRA), designating Amaravati as the state capital, has alleviated doubts, leading to increased participation from farmers in villages involved in the second phase of the Land Pooling Scheme (LPS 2.0). Reports indicate that farmers from Pedaparimi village have offered up 1,000 acres of land. To foster the development of a greenfield airport, a sports complex, and high-tech industries, the state government has revealed plans to acquire an additional 16,666 acres from neighboring villages within the Thulluru, Tadikonda, and Pedakurapadu mandals. Initially, only a small number of farmers…

Latest StoriesResidential

Atal Apartment Scheme Draw by Ludhiana Trust on April 14

Representative image LUDHIANA: The Ludhiana Improvement Trust (LIT) has announced a public notice for applicants of the Atal Apartment scheme. They are invited to Nehru Sidhant Kendra on April 14 for a draw of the remaining flats. The LIT has received an impressive number of applications, totaling over 1,500. Specifically, LIT received 566 applications for High-Income Group (HIG) flats and 974 for Middle-Income Group (MIG) flats, making a total of 1,540 applications. After careful scrutiny, these applications were posted on the office notice board on March 23 and on the LIT website. The final list has been revised and updated…