Category: Latest Stories

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CommercialLatest Stories

Smartworks Leases 1,100+ Seats to L&T in Pune

Representative AI Image NEW DELHI: Smartworks Coworking Spaces has strengthened its partnership with L&T Technology Services (LTTS) by adding over 1,100 seats in Pune. With this addition, LTTS’s managed office portfolio with Smartworks has reached over 2,750 seats across various locations. The anticipated rental revenue from these expansions is projected to be around ₹115 crore, with ₹55 crore coming specifically from the Pune expansion over a 60-month period. Clients with more than 1,000 seats account for approximately 37% of its total rental revenue, while enterprise clients contribute about 90% of the company’s overall revenue. Published On Jul 20, 2026 at…

Latest StoriesRegulatory

Chennai collects ₹103 crore in property tax in 14 days

CHENNAI: The Greater Chennai Corporation has successfully collected ₹103.03 crore in property tax dues over the span of 14 days, thanks to a focused collection initiative across the city. This amount was gathered between July 3 and 16, during which many property owners proactively settled their tax dues. The efficiency of collections has surged by 145% compared to the same time last year, as reported by officials. “The special property tax collection camp has been ongoing since July 3 and will continue until July 31. We will also organize additional intensive collection activities aimed at recovering long-standing dues. Out of…

Latest StoriesRegulatory

HC Orders Haryana to Submit DLF City Demolition Records

GURUGRAM: The Punjab and Haryana High Court has ordered the state government to provide details regarding demolition and restoration actions on properties accused of unauthorized construction in DLF City. During the hearing of multiple petitions, including one from the DLF City Residents Welfare Association, the court granted the Haryana government a deadline of ten days to respond and scheduled the next hearing for July 28. The court emphasized that lawful structures should remain protected during enforcement actions and requested copies of the building bylaws relevant to the area to determine compliance with planning regulations. The case revolves around alleged unauthorized…

IndustryLatest Stories

Goa to Convert Industrial Land from Lease to Freehold

Representative AI image PANAJI: The Goa Industrial Development Corporation (Goa-IDC) is planning significant reforms to enable the conversion of industrial land from leasehold to outright ownership. At a board meeting on Friday, the Goa-IDC also considered simplifying rules regarding the transfer, sublease, subdivision, and amalgamation of industrial plots. The proposed amendments are part of the Centre’s Compliance Reduction and Deregulation Initiative under the Viksit Bharat 2047 agenda. Phase II of this initiative identified industrial land use as a priority area, recommending a more liberal approach to leasehold-to-freehold conversions and replacing prior approval requirements with a simpler notification process for transfers…

Latest StoriesResidential

Telangana to launch 1 lakh Indiramma houses for the poor on July 20

HYDERABAD: Revenue and Housing Minister Ponguleti Srinivas Reddy announced on Sunday that the Indiramma housing scheme for low-income groups (LIG) in the core urban region economy (CURE) area will be launched at the secretariat on Monday. The Congress government plans to build one lakh LIG flats in multi-storey buildings, each up to 10 floors. Ministers responsible for Hyderabad and Rangareddy districts, including Ponnam Prabhakar and D Sridhar Babu, along with Minorities Welfare Minister Mohammed Azharuddin, will unveil the application process, eligibility criteria, and the scheme brochure at the secretariat on Monday. The government has identified prime land parcels within the…

Latest StoriesRegulatory

Chhattisgarh EOW Chargesheet: Loan Case Loss Soars to ₹104 Crore

RAIPUR: The Chhattisgarh Economic Offences Wing (EOW) has submitted a chargesheet against three individuals in a 26-year-old case linked to fraudulent loans totaling Rs 1.86 crore. With interest, this has escalated into a bad debt of approximately Rs 104 crore, officials reported on Saturday. The extensive 15,000-page chargesheet was presented on Friday to a special court under the Prevention of Corruption Act in Raipur against Thawardas Madhwani, the former president of Adhunik Grih Nirman Cooperative Society Ltd, Pradeep Kumar Nikhra, the former manager of the Madhya Pradesh State Cooperative Housing Federation Ltd (MPSCHFL), and Basant Kumar Sahu, the former housing…

Latest StoriesRegulatory

Bombay HC warns on illegal home mods, urges state for guidelines

MUMBAI: The Bombay High Court has directed the Maharashtra government to establish comprehensive guidelines regarding permissible alterations in residential flats, following an observation that it is common for flat owners to modify open terraces or their living spaces. “There cannot be two classes of citizens: those who obey the law and those who disregard it. Law enforcement must not be selective,” noted the High Court’s division bench, consisting of Justices AS Gadkari and Kamal Khata, in a ruling on July 16. The bench added that unauthorized large-scale constructions cannot continue just because others have committed similar violations. It has instructed…

IndustryLatest Stories

Punjab Simplifies Property Registration, Cuts 35 Complex Terms

Representative AI image CHANDIGARH: In a move to enhance accessibility, the Punjab government has revamped property registration documents by substituting 35 complex revenue terms with simple Punjabi alternatives, making it easier for the public to navigate land and property transactions. Hardeep Singh Mundian, the Minister of Revenue, Rehabilitation, and Disaster Management, announced this initiative on Sunday. Under Chief Minister Bhagwant Singh Mann’s leadership, the revisions aim to cultivate transparency, improve citizen engagement, and simplify government services. He noted that traditional terms in property registration often left everyday citizens perplexed. Following the Chief Minister’s directives, a special committee was established by…

Latest StoriesRegulatory

Bank of Baroda Liable for Missed PMAY Benefit, Rules Court

SURAT: The Navsari Consumer Disputes Redressal Commission (CDRC) has held Bank of Baroda accountable for not processing a home loan borrower’s application for a Pradhan Mantri Awas Yojana (PMAY) subsidy. The bank has been ordered to pay Rs 3.75 lakh to the borrower, Kiran Tandel, along with 9% interest. This compensation includes Rs 2.35 lakh for the PMAY subsidy that was not received and Rs 1.4 lakh for additional interest incurred on the home loan. The commission also awarded Rs 5,000 for harassment and litigation costs. The commission dismissed the bank’s argument that the subsidy was a government matter and…

IndustryLatest Stories

Regime Change Boosts Realtors’ Hopes in West Bengal

NEW DELHI: The new administration in West Bengal is anticipated to stimulate a surge in real estate activity in Kolkata and its surrounding areas, as developers look forward to strategic land reforms, including repealing the Urban Land (Ceiling and Regulation) Act of 1976, to facilitate development and draw in new investments. “Our expectations for the current West Bengal government are high, particularly given its commitment to growth and investment,” stated Saket Mohta, Managing Director of Merlin Group. “The real estate domain holds significant potential to serve as a pivotal growth engine for the state, and we are hopeful for accelerated…