Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesResidential

Lucknow launches lottery for 1,665 1BHK flats in Atalnagar

LUCKNOW: The Lucknow Development Authority (LDA) held a lottery on Thursday for the allocation of 1BHK flats under the Atalnagar Yojana at Devpur Para. A total of 1,665 one-bedroom flats were distributed during the lottery, with applicants invited on stage to choose slips to guarantee transparency. The entire event was live-streamed on YouTube. Many applicants expressed their relief at the long-awaited allotment. “I applied as soon as the scheme was announced but didn’t expect my name to be drawn in the first round,” said Vipin Kumar Sahu from Prayagraj. “This allotment brings a permanent home for my family.” The draw…

InfrastructureLatest Stories

Patna implements strict rules to combat construction dust pollution

PATNA: As Patna’s air quality has recently dropped into the “moderate” category, concerns regarding increasing particulate pollution have led the Patna Municipal Corporation (PMC) to implement stricter regulations on the disposal of construction and demolition waste to address dust pollution. Over the past 24 hours, the average Air Quality Index (AQI) in Patna was recorded at 177, classified as “moderate,” according to a bulletin from the Central Pollution Control Board (CPCB) released on Wednesday. According to the bulletin, PM2.5 has been identified as the main pollutant in the city, primarily arising from building materials and construction debris. In response, the…

IndustryLatest Stories

DRA Homes and Yubi Launch ₹250 Crore Secured Debt Platform

NEW DELHI: DRA Homes has launched a strategic ₹250 crore secured debt platform in partnership with Yubi Group to enhance its land acquisition portfolio. This platform will consist of secured non-convertible debentures (NCDs), with funds earmarked solely for land acquisition. Ranjeeth Rathod, managing director of DRA Homes, stated, “This collaboration helps us to institutionalize our land sourcing strategy using secured, non-dilutive capital while ensuring balance-sheet discipline.” Aspero, an online bond platform provider, will facilitate DRA’s access to capital markets, enabling them to attract funds from a diverse investor base. Yubi will support the structuring, issuance, and distribution of the NCDs…

Latest StoriesRegulatory

NGT grants Greater Noida a month to report on illegal constructions

NOIDA: After being requested by the National Green Tribunal (NGT) five months ago to provide an action taken report on illegal constructions in Greater Noida, the Greater Noida Development Authority has not complied. The tribunal has now set a one-month deadline for the Authority to file an affidavit, with the next hearing scheduled for April 8. A former municipal corporator, Rajendra Tyagi, filed a petition in 2021 concerning illegal constructions in Noida and Greater Noida, highlighting that unauthorized residential colonies and commercial establishments were extracting groundwater illegally and discharging sewage openly. Tyagi’s attorney, advocate Akash Vashishta, noted that a July…

IndustryLatest Stories

SWAMIH Fund Aids Completion of 61,000 Stalled Homes

NEW DELHI: The Special Window for Affordable and Mid-Income Housing, a government-supported stress fund, has successfully completed over 61,000 homes in stalled projects as of December 15. The fund is expected to deliver more than 100,000 homes, benefitting over 400,000 individuals, the Finance Ministry stated. “Demonstrating effective deal execution and responsible capital use, the fund has fully committed its entire investable corpus ahead of the investment period ending on December 5, 2025. “The fund’s portfolio includes over 145 projects across 30 cities, establishing SWAMIH (Special Window for Affordable and Mid-Income Housing) as the largest residential-focused stress resolution platform in the…

IndustryLatest Stories

Oberoi Realty, Shree Naman vie for 11-acre Mumbai land

Representative AI image Real estate developers Oberoi Realty and Shree Naman Developers have qualified as bidders for the Railway Land Development Authority’s 11.21-acre prime land parcel in Mumbai’s Bandra locality, according to sources familiar with the matter. The Railway Authority set a reserve price of ₹5,365 crore for the land located along the Western Express Highway in Bandra East. The land will be leased for a 99-year term under a revenue-share model, with a base FSI of four times, as per the Railways’ tender conditions. According to one source, “The selected developer is required to share a minimum of 45%…

Latest StoriesResidential

Rohit Sharma’s wife purchases Mumbai apartment for ₹26.30 crore

NEW DELHI: Ritika Sajdeh, wife of Rohit Sharma, has acquired an apartment in Ahuja Towers, Prabhadevi, Mumbai, for ₹26.30 crore. The new apartment boasts a carpet area of 2,760.40 sq ft (256.45 sq meters) and includes three designated car parking spaces. The transaction involved a stamp duty of ₹1.31 crore and registration fees of ₹30,000, as indicated in the property registration documents accessed by Square Yards from the Inspector General of Registration (IGR) website. The deal was officially registered in December 2025. Published On Jan 8, 2026 at 01:30 PM IST Join a community of over 2M industry professionals. Subscribe…

Latest StoriesRegulatory

NDMC unveils surplus budget for 2026-27; no property tax increase

NEW DELHI: The New Delhi Municipal Council (NDMC) announced a surplus budget for the 2026-27 fiscal year on Wednesday, projecting a net surplus of Rs 143.05 crore. During the budget announcement, the council outlined its intent to install 2,000 CCTVs throughout Lutyens Delhi, while confirming that property tax rates will remain unchanged. Presenting the budget at a special council meeting, NDMC Chairman Keshav Chandra stated that for 2026-27, the council anticipates total receipts of Rs 5,953.07 crore and total expenditure of Rs 5,810.02 crore, continuing its tradition of surplus budgeting. Chandra also highlighted plans for adding over 2,000 CCTV cameras…

IndustryLatest Stories

Freehold Conversion Resumes, Boosting Lutyens’ Delhi Real Estate

Over 100 high-value property transactions in Lutyens’ Delhi may finally be registered this year as the Land and Development Office (L&DO) prepares to approve them under the Union housing and urban affairs ministry. One significant deal includes the Rs 1,100-crore transaction for the first official residence of Jawaharlal Nehru, located at 17 York Road (currently Motilal Nehru Road), which has been on hold due to L&DO’s suspension of converting leasehold properties to freehold. The office has now decided to use Delhi government circle rates for calculating conversion charges starting January 1, 2026. “This is a long-overdue and positive development. Linking…

IndustryLatest Stories

Sundaram-Clayton to sell 16.38 acres in Chennai for ₹560 crore

BENGALURU: Sundaram-Clayton Ltd has entered into an agreement to sell a 16.381-acre land parcel in Chennai to Canopy Living LLP, a joint venture of Arihant Foundations & Housing Ltd and Prestige Estates Projects Ltd, for approximately Rs 560 crore. This move is part of their strategy to monetize non-core assets and enhance value. In a regulatory filing on Thursday, the company announced it executed the Agreement to Sell (ATS) on January 8, 2026, for the property located in Korattur village, Ambattur taluk, a well-connected residential and industrial micro-market in northwest Chennai. Completion of the transaction is anticipated by February 11,…