Category: Latest Stories

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CommercialLatest Stories

CapitaLand sells Gurugram office for ₹2,050 crore to EAAA

Representative Image Singapore-based CapitaLand has sold a 1.9 million sq ft commercial property located in Gurugram to EAAA Alternatives for ₹2,050 crore. This move is part of CapitaLand’s strategy to generate capital through significant asset divestments and to enhance its portfolio. According to a source familiar with the matter, “CapitaLand’s strategic exits reflect the changing demand dynamics in India’s office market, where hybrid work trends and selective tenant preferences are redefining valuations and capital movements.” The property, known as International Tech Park in Gurugram, is home to prominent tenants such as Optum, Stryker, and Zomato. This year, CapitaLand India Trust…

IndustryLatest Stories

Keystone Realtors’ Q3 FY26 Sales Drop 3% to ₹837 Crore

NEW DELHI: Keystone Realtors Ltd, a real estate firm, reported a 3% drop in sales bookings to ₹837 crore in Q3 of this fiscal year, having launched only one housing project. This compares to ₹863 crore during the same period last year. The Mumbai-based company operates under the Rustomjee brand. In the first nine months of this fiscal year, the firm saw a 23% increase in sales bookings, reaching ₹2,676 crore, up from ₹2,174 crore in the previous year, as stated in a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, emphasized that the company maintains strong operational momentum.…

CommercialLatest Stories

Windsor Realty buys four Santacruz office units for ₹283 crore

MUMBAI: Windsor Realty, a real estate developer, has acquired office spaces totaling 42,340 sq ft in a commercial tower in Santacruz, Mumbai, near the Bandra-Kurla Complex, for Rs 283 crore. This acquisition is part of a strategy to consolidate ownership of the asset. The transaction included the purchase of commercial units from corporate entities, notably Prism Johnson Ltd, and from the developer’s business partner. This move centralizes ownership, enhancing property management and control. Documents from the realty data platform Propstack indicate that Prism Johnson sold a significant portion of their property, totaling 25,984 sq ft, for approximately Rs 166 crore,…

IndustryLatest Stories

Sumadhura Group invests ₹1,000 crore in 6 Bengaluru projects

NEW DELHI: Sumadhura Group has invested ₹1,000 crore to develop six residential projects across East and North Bengaluru by FY26. Madhusudhan G, the company’s Chairman and Managing Director, stated: “Bengaluru’s residential market remains strong due to rising demand in key growth areas and an increasing preference for luxury living.” The residential developments encompass Folium by Sumadhura- Phase 4 in Whitefield, Sumadhura Edition at Panathur, Sumadhura Solace on Marathahalli Main Road, Thubarahalli, Solea by Sumadhura in Rachenahalli, and Sumadhura Panorama Phase 2 at Devanahalli in North Bengaluru. These projects have a combined revenue potential of ₹10,000 crore and over eight million…

IndustryLatest Stories

Chandigarh to Revamp Building Bylaws for Industrial Growth

CHANDIGARH: The Chandigarh administration is embarking on a significant overhaul of building bylaws aimed at revitalizing the city’s economic landscape, with a special focus on the industrial sector. A high-level committee, appointed by the UT administrator and led by the deputy commissioner-cum-estate officer, has been charged with updating outdated building bylaws that have impeded industrial growth in the city. A key proposed reform includes an increase in the permissible floor area ratio (FAR) for industrial plots, allowing for zoning parameters for plots up to 2 kanal, as well as potential amendments to ground coverage and land use norms. This committee,…

Latest StoriesRegulatory

ED Chargesheets Ocean Seven Buildtech’s Promoter in PMAY Fraud

NEW DELHI: The Enforcement Directorate (ED) has filed a chargesheet against a promoter of a Gurugram-based real estate firm and several others as part of a money laundering probe related to an alleged fraud involving homebuyers under the Pradhan Mantri Awas Yojana (PMAY). This prosecution complaint was submitted to a special Prevention of Money Laundering Act (PMLA) court at Patiala House. The chargesheet involves several sections of the anti-money laundering law, identifying Swaraj Singh Yadav, the promoter of Ocean Seven Buildtech Pvt Ltd (OSBPL), along with associated entities as accused, according to the agency’s statement. This week, the ED attached…

Latest StoriesRegulatory

Prayagraj to Notify 40,000 House Tax Defaulters

Representative AI image PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has identified 40,000 properties in the city whose owners have not paid property tax for the last three years. Notices will be issued to these owners, and action will be taken against those who do not comply. Such actions may include property attachment and water supply disconnection. This initiative is intended to enhance tax recovery and ensure compliance throughout the city. After receiving the notice, property owners will have 15 days to settle their outstanding payments. If the tax remains unpaid within this time frame, the PMC will pursue attachment proceedings.…

Latest StoriesRegulatory

HC Questions LDA & LMC’s Plans for Sahara Land

LUCKNOW: On Thursday, the Lucknow bench of the Allahabad High Court inquired about the actions proposed by the Lucknow Development Authority (LDA) and the municipal corporation regarding the land reclaimed from Sahara India Commercial Corporation Limited in Gomtinagar. The court emphasized that this inquiry was made without any prejudice to Sahara, as their petition contesting the land reclamation is currently under review. The next hearing is scheduled for January 19. The bench, comprising Justices Rajan Roy and AK Chaudhary, issued the order in response to a Public Interest Litigation (PIL) filed in 2008 by Gomtinagar Jan Kalyan Mahasamiti. During the…

IndustryLatest Stories

Nashik to Receive Incentive FSI for Redevelopment: Maha Deputy CM

NASHIK: Deputy Chief Minister Eknath Shinde announced on Thursday that Nashik will soon enjoy incentive Floor Space Index (FSI) benefits similar to those of Thane and Pune to promote the redevelopment of aging buildings. This pledge was made during an interactive meeting hosted by State Industries Minister Uday Samant with industry and trade associations in Nashik. Members of the Confederation of Real Estate Developers Association of India (Credai) expressed their concerns regarding obstacles in redevelopment initiatives. In response, Samant promptly contacted Shinde and briefed him on the issues. Shinde committed to formulating a policy that would implement additional FSI for…

InfrastructureLatest Stories

Navi Mumbai: 19 Construction Sites Halted for Pollution Violations

THANE: The Navi Mumbai Municipal Corporation (NMMC) has ordered 19 construction sites to halt operations and issued penalty notices to 173 developers for purportedly breaching pollution control regulations, officials report. As per the civic body’s announcement on Wednesday, NMMC has implemented “GRAP-4 measures,” resulting in the suspension of construction activities at 19 sites where the Air Quality Index surpassed 200. For enforcement, teams consisting of civil engineers, sanitation officers, and town planning officials have been formed. In addition to the stop-work mandates, 10 show-cause notices and penalty notices have been dispatched to 173 developers. Published On Jan 8, 2026 at…