Category: Latest Stories

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InfrastructureLatest Stories

Andhra Pradesh Considers Mumbai Model for Vizag 2.0 Development

File Photo VISAKHAPATNAM: The NITI Aayog, through the Vizag Growth Hub initiative, has put forth a plan to develop a Bay City between Kailasagiri and Bheemili. This also includes the expansion of Vizag 2.0, reaching towards the upcoming Bhogapuram airport and the associated aerocity project. A team from Andhra Pradesh, primarily from the Visakhapatnam Metropolitan Region Development Authority (VMRDA) and led by municipal administration and urban development principal secretary S. Suresh Kumar, visited Mumbai on January 12 and 13 to explore similar urban development models. The visit aimed to gain insights into the operations of the City and Industrial Development…

Latest StoriesResidential

Virat Kohli, Anushka Sharma Buy 21,000 Sq M Land in Alibaug for ₹38 Cr

NEW DELHI: Cricketer Virat Kohli and his wife, actress Anushka Sharma, have made a significant real estate investment by purchasing 1.36 hectares of land in Alibag, near Mumbai, for ₹37.86 crore, as reported by CRE Matrix. According to CRE Matrix, a real estate data analytics firm that analyzed the property registration details, the couple acquired two parcels of land totaling 21,010 square meters in Alibag, Raigad. The registration was completed on January 13, 2026, with one plot measuring 14,740 square meters and the other 6,270 square meters. The complete transaction was valued at ₹37.86 crore, which included approximately ₹2.27 crore…

InfrastructureLatest Stories

Nagpur: Deo Nagar’s Roads Blocked by Building Materials

Representative AI image NAGPUR: The unregulated dumping of construction materials has turned the inner lanes of Deo Nagar into daily bottlenecks, causing significant inconvenience for residents, pedestrians, and motorists. Large piles of sand, gravel, bricks, and construction debris from various ongoing projects have occupied substantial portions of the already narrow roads, raising serious safety concerns. A visit by TOI to the area revealed that many inner lanes are partially obstructed by heaps of unused construction materials piled alongside the road, with no barricades, warning signs, or clear demarcation. In several areas, loose sand has spread into the pathway, making it…

Latest StoriesResidential

Karan Johar Purchases Mumbai Apartment for ₹8.05 Crore

NEW DELHI: Karan Johar has acquired an apartment in Pali Vintage, Khar West, Mumbai, for ₹8.05 crore. The apartment spans a carpet area of 1,060.13 sq ft (98.49 sq meters), as detailed in property registration documents obtained by Square Yards from the Inspector General of Registration (IGR) website. It includes two designated car parking spaces. The transaction was subject to a stamp duty of ₹48 lakh and registration charges amounting to ₹30,000. The registration of the transaction took place in November 2025. Published On Jan 16, 2026 at 06:50 PM IST Join a community of over 2M industry professionals. Subscribe…

CommercialLatest Stories

Smartworks Coworking Reports ₹1.24 Crore Profit in Q3 FY26

NEW DELHI: Smartworks Coworking Spaces Ltd has declared a consolidated net profit of ₹1.24 crore for Q3 of this fiscal year, driven by increased revenue. The company, which went public last year, reported a net loss of ₹16 crore during the same period last year. For the October-December period of the 2025-26 fiscal year, total income surged by 34% to ₹488.14 crore, compared to ₹363.62 crore in the corresponding quarter of the previous year, as stated in a regulatory filing on Thursday. Over the first nine months this fiscal year, net losses decreased to ₹6 crore, down from ₹54.87 crore…

CommercialLatest Stories

Ludhiana Seals Six Commercial Buildings

LUDHIANA: On Thursday, the Municipal Corporation (MC) intensified its efforts against illegal constructions by sealing six commercial buildings throughout the city. This action was executed by the building branch under the guidance of MC Commissioner Aaditya Dachalwal. Officials reported that two of the sealed structures were on Barewal Road, two on 200 Feet Road, and one each on Magnet Resort Road and Ferozepur Road. Assistant Town Planner Harvinder Singh Honey stated that these measures followed the owners’ failure to settle outstanding dues, including Change of Land Use (CLU) charges. He advised residents to obtain approved building plans from the municipal…

IndustryLatest Stories

Uttar Pradesh Boosts Development Fees by 50% for Major Cities

Increased fees will support urban infrastructure development, enhancing authorities’ annual income. LUCKNOW: Housing development authorities have announced an increase in fees required for construction activities in key cities throughout the state. Aspiring developers must now pay the revised development charges set by the housing authorities prior to commencing any civil work. Dedicated bodies have been established to oversee construction efforts in over 30 cities in UP, including Lucknow, Kanpur, Varanasi, Ghaziabad, Meerut, Agra, Gorakhpur, and Jhansi. The housing department approved these revised rates earlier this month, factoring in rising construction costs and inflation. Development charges have been raised by a…

Latest StoriesRegulatory

SC: Homebuyers, RWAs can’t join developers’ insolvency process

NEW DELHI: The Supreme Court ruled on Thursday that homebuyers’ societies, or Resident Welfare Associations (RWAs), generally established for the maintenance and management of common facilities in housing projects, do not possess the right to intervene in the insolvency proceedings of the developer company. A bench comprising Justices JB Pardiwala and R Mahadevan upheld the insolvency proceedings against Takshashila Heights India Private Ltd under the Insolvency and Bankruptcy Code of 2016. It specified that if creditors aim to utilize the provisions of the code, they must genuinely seek to revive the corporate debtor. The court stated, “If revival is not…

IndustryLatest Stories

Nagpur Land Deals Soar, Revenue Rises by ₹147 Crore

NAGPUR: In the last nine months, Nagpur has seen a significant increase in property transactions, reflecting a surge in investor confidence driven by extensive infrastructure projects and its emergence as a rapidly growing urban center. Data from the stamp duty department indicates that over 125,000 land transactions were recorded in Nagpur district, generating a revenue of ₹1,568.60 crore for the government in this timeframe. This represents an increase of over ₹147 crore compared to the same period in 2024, underscoring a consistent growth trend in real estate activities across both urban and rural sectors. Officials attribute this growth to several…

Latest StoriesRegulatory

Bengaluru conducts door-to-door survey for tax dodgers

BENGALURU: The Greater Bengaluru Authority (GBA) has initiated a door-to-door survey aimed at identifying property owners who are evading taxes by submitting false or inaccurate information. Notices have already been distributed to those found in violation. The city has approximately 2.2 million properties subject to property tax, where owners typically pay under a self-assessment scheme. However, many have misreported property details, leading to significant tax evasion, prompting the GBA to conduct a comprehensive field survey to verify all properties. Survey Drive A GBA representative stated, "This survey encompasses the five municipal corporations within Greater Bengaluru, spanning 369 wards. Each ward…