Category: Latest Stories

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Latest StoriesResidential

DDA’s Karmayogi Awaas Yojana: 60% Flats Sold in 24 Hours!

NEW DELHI: The DDA Karmayogi Awaas Yojana 2025 has received an impressive response, with 684 flats—about 60% of the total units—sold within the first 24 hours of booking, according to officials on Thursday. This scheme provides a unique opportunity for serving and retired government employees from central and state agencies, public sector undertakings, and other government sectors to secure a flat. The booking process began on January 14, coinciding with Makar Sankranti. “The substantial first-day response is projected to generate around Rs 450 crore in revenue, reflecting increased confidence among homebuyers in DDA’s housing initiatives and emphasizing Narela’s status as…

IndustryLatest Stories

M3M, Smartworld, ELIE SAAB Partner on ₹3,500-Crore Housing in NCR

NEW DELHI: M3M India and Smartworld Developers have partnered with ELIE SAAB, a prominent fashion and lifestyle brand, to create two ultra-luxury residential projects in the Delhi-NCR region, totaling an investment of approximately ₹3,500 crore. The projects represent ELIE SAAB’s inaugural entry into the Indian real estate market. M3M India will oversee a luxury housing project in Gurugram, while Smartworld Developers will lead a separate residential development in Noida. In Gurugram, M3M India intends to build around 300 apartments in sector 111, within the Smart City Delhi Airport (SCDA) zone. The project will feature spacious four-bedroom residences with unit sizes…

IndustryLatest Stories

BOOTES Expands into Residential Development

NEW DELHI: BOOTES, an engineering firm, has introduced its real estate division, boasting a portfolio valued at over ₹6,300 crore. The company will kick off its real estate initiatives with projects in Noida, Alwar, and Vrindavan, totaling more than six million sq ft of initial saleable area. In Noida, BOOTES is constructing high-rise residential complexes in Greater Noida West and sector 76, featuring 4BHK residences and duplex penthouses. In Alwar, they have launched a residential project offering 2BHK and 3BHK residences. Future expansion plans include cities such as Mumbai, Lucknow, Ayodhya, Dehradun, Kurukshetra, Jhansi, Chitrakoot, and Prayagraj. Published On Jan…

IndustryLatest Stories

Godrej Properties’ 2025 Booking Value at ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced a booking value of ₹34,171 crore for 2025, reflecting a 19% increase compared to the previous year. Cash collections also saw a significant rise of 28%, totaling ₹18,979 crore. From 2022 to 2025, the booking value experienced a compound annual growth rate (CAGR) of approximately 44%, while collections grew at a CAGR of 35%. The company sold 16,428 housing units during the year, encompassing a saleable area of 27.26 million sq ft. This achievement was bolstered by the launch of 41 projects across various cities, with booking values surpassing ₹7,000 crore in each quarter.…

Latest StoriesRegulatory

Delhi Police EOW Investigates Suraksha Realty for Fund Diversion

NEW DELHI: The Economic Offences Wing (EOW) of the Delhi Police has initiated a case against the Mumbai-based Suraksha Group for allegedly misappropriating over ₹230 crore from Jaypee Infratech Ltd (JIL). This amount was intended for the construction of stalled residential flats for homebuyers. Sources informed PTI that the Enforcement Directorate (ED) may file a new FIR against Suraksha Group and related parties in response to the EOW’s FIR. On June 4, 2024, Suraksha Group took over JIL following the NCLAT’s decision to approve its acquisition bid. The Corporate Insolvency Resolution Process (CIRP) for JIL began in August 2017, initiated…

InfrastructureLatest Stories

Ludhiana demolishes nine illegal buildings in Lohara

Here’s a rewritten version of the content: — Representative AI image LUDHIANA: In an ongoing effort against unauthorized development, the municipal corporation (MC) building branch took down nine illegal structures in the Lohara area on Wednesday. The enforcement drive, focused on Zone C, led to the demolition of five under-construction shops and four residential buildings in Kunti Nagar. Officials stated that this action came after MC commissioner Aaditya Dachalwal issued a direct order, as property owners neglected multiple warnings to cease work. Zero Tolerance Policy The demolitions are part of a larger initiative by the civic body to manage unregulated…

InfrastructureLatest Stories

Uttar Pradesh Construction Workers Urged to Register for Benefits

LUCKNOW: In a bid to enhance social security for construction workers, the state government on Wednesday held awareness and registration camps at three labor hubs in the city: Mohanlalganj, Buddheshwar, and Barabirwa (Aashiana). The Uttar Pradesh Building and Other Construction Workers Welfare Board organized these camps to promote welfare schemes for registered workers and facilitate on-the-spot registrations and renewals. Under the direction of Chief Minister Yogi Adityanath, the state has made it a priority to enhance the living conditions of construction workers, ensure their children receive education, provide health protection, and promote social dignity. During the camps, workers learned about…

Latest StoriesRegulatory

HC Appoints Officers to Assess Illegal Structures in Goa

PANAJI: The High Court has appointed two nodal officers—the Deputy Director of Municipal Administration and the Extension Officer of the Directorate of Panchayats—to review reports from municipalities and panchayats concerning illegal structures throughout Goa. The appointed officers are tasked with analyzing these reports to ensure compliance with the court’s orders regarding illegal constructions. “The volume of compliance reports from panchayats and municipalities was substantial, prompting the court to seek recommendations for government officers capable of analyzing them. We proposed the Deputy Director of Municipal Administration to assess reports from the CCP and municipalities, and the Extension Officer from the Directorate…

Latest StoriesRegulatory

Goa Court Cancels Unity Mall’s Chimbel Construction License

PANAJI: In a significant win for the residents of Chimbel, who have been protesting for two weeks against government projects, the district sessions court ruled on Wednesday to annul the construction license granted to the Goa Tourism Development Corporation (GTDC). The principal district judge overturned the decisions made by both the block development officer and the deputy director of panchayats, as well as the construction license issued by the Chimbel panchayat secretary. “As of now, no activities can continue at the Unity Mall site,” stated advocate Malisa Simoes, representing Govind Shirodkar, the chairperson of the local biodiversity management committee. The…

Latest StoriesResidential

Goa CM: Government to Decide on Cuncolim Housing Project

PORVORIM: Chief Minister Pramod Sawant announced on Tuesday that the government has not yet made a decision regarding the housing board project on land in Panzorconi within the Cuncolim constituency. He assured that all stakeholders will be consulted before any project is initiated. In a zero-hour mention during the assembly, Opposition leader Yuri Alemao expressed concerns about the revival of the proposal to establish a housing board project at Charam Moddi, Panzorconi. He pointed out that although the land was acquired in the 1990s, the project was shelved due to local opposition. Alemao stated, “This project could significantly disrupt the…