Category: Latest Stories

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IndustryLatest Stories

Nashik Sees Redevelopment Surge as Residents Exit Aging Buildings

Representative AI image NASHIK: The city is poised for a significant redevelopment initiative, with thousands of aging housing societies and apartment complexes set to be reconstructed over the next three to five years to meet the growing demand for modern residences, improved amenities, and safer buildings. This trend is already apparent in the applications received by Nashik Municipal Corporation (NMC)’s town planning department, with redevelopment projects now accounting for approximately 20-25% of all building plan proposals submitted for approval. To prepare for expected increases in residential density, NMC is simultaneously planning infrastructure upgrades to cater to the city’s needs over…

Latest StoriesResidential

Karnataka Forms Panel to Address e-Swathu Issues, B-Khata for Rural Properties

Representative AI image Lakhs of rural property owners are facing difficulties in obtaining e-Swathu (e-Khata) records due to ongoing technical and server issues. In response, Rural Development and Panchayat Raj Minister Eshwar B Khandre announced the establishment of a five-member committee to tackle these challenges. In a written directive, Khandre highlighted that the e-Swathu applications are pending due to software and server issues. He instructed the formation of a committee led by the RDPR Secretary, D Randeep, which will include the chief executive officers (CEOs) of Bengaluru, Mangaluru, Kalaburagi, and Belagavi districts. This committee is tasked with submitting its recommendations…

IndustryLatest Stories

HMDA Aims to De-Notify Kokapet IT SEZ for Land Unlocking

Representative AI image HYDERABAD: Almost two decades after designating 117 acres in Kokapet for a prominent information technology special economic zone (IT SEZ), the Hyderabad Metropolitan Development Authority (HMDA) has decided to terminate the project and prepare the valuable land for auction, potentially yielding around Rs 12,000 crore. HMDA has requested the Centre to de-notify the IT SEZ, allowing the state government to reallocate the land for generating revenue. Officials revealed that approximately 90 to 95 acres of the original designation are currently available and could be auctioned following the necessary approvals. The planned SEZ was first proposed by the…

Latest StoriesResidential

Gurugram Residents Protest Godrej Oasis Fee Increase

GURUGRAM: Residents of Godrej Oasis in Sector 88A protested on Saturday against a significant increase in common area maintenance (CAM) charges. They alleged inadequate maintenance services, lack of financial transparency, and delayed resolution of long-standing society issues, including unpaid salaries for housekeeping staff. Despite raising their concerns through emails and meetings with the developer for several months, they reported receiving unsatisfactory responses. The CAM charges increased from approximately Rs 4.79 per square foot to Rs 6.58 per square foot, excluding 18% GST, without proper justification or consultation with the residents. On Saturday, the society’s housekeeping services halted after sanitation workers…

InfrastructureLatest Stories

Jaipur authority demolishes two illegal colonies in Kanota

Representative AI image JAIPUR: On Saturday, the Jaipur Development Authority (JDA) demolished two illegal colonies occupying nearly six bighas of private agricultural land in Kanota to prevent unauthorized urbanization early on. Deputy Inspector General of Police Anand Sharma from the JDA enforcement wing reported that one of the colonies was being developed on about two bighas in Kanota village, near Anand College on Dudhawala Road. “Developers reportedly leveled the land and constructed soil-gravel roads and other basic infrastructure without JDA approval or mandatory land-use conversion. Acting on reliable information, our enforcement team, supported by Zone-24’s revenue and technical staff, used…

IndustryLatest Stories

Jaipur’s Rule Hurdles Residential-to-Commercial Conversions

Representative AI image JAIPUR: The Jaipur Development Authority (JDA) has mandated the rectification of setback violations before granting approvals for residential-to-commercial conversions, resulting in a significant decline in approvals. According to officials, more than 80% of conversion applications have been pending for the past six or seven months due to setback violations that require regularization. Over 90% of these applications were ultimately rejected as applicants showed little interest in addressing the violations. “Currently, around 15 applications are on hold due to setback violations. Under the new regulation, approvals will not be granted until these violations are rectified,” said a JDA…

InfrastructureLatest Stories

Andhra Pradesh Unveils Common Zoning Rules for Faster Urban Approvals

Representative AI image AMARAVATI: The Andhra Pradesh government has announced the Common Zoning Regulations, 2026, creating a standardized, rule-based framework for land use and urban development throughout the state. This initiative aims to minimize regulatory confusion and expedite development approvals. Principal Secretary of Municipal Administration and Urban Development (MA&UD), S. Suresh Kumar, stated that the new regulations replace various outdated zoning frameworks with nine standardized land-use categories, employing a zone-specific negative-list approach where activities are permissible unless explicitly prohibited. “The introduction of the Common Zoning Regulations, 2026, provides a consistent and rule-based framework for land use and urban development, aiming…

IndustryLatest Stories

Kolte-Patil Q1 FY27 Sales Value Steady at ₹617 Crore

NEW DELHI: Kolte-Patil Developers announced a sales value of ₹617 crore for the quarter ending June 30, 2026, nearly unchanged from ₹616 crore in the same quarter of the previous fiscal year, according to their regulatory filing. The company’s collections surged by 30% year-on-year, reaching ₹715 crore in Q1 FY27, up from ₹550 crore in Q1 FY26. This figure also includes income from development management agreement projects. The average sales realization for the company increased by 29%, climbing to ₹9,442 per sq. ft. from ₹7,337 per sq. ft. in the previous year. This rise was attributed to price adjustments across…

CommercialLatest Stories

Volvo Group Leases 600K Sq Ft Office in Bengaluru

One of the largest transactions in Q2 2026 occurred when the Volvo Group leased 600,000 sq. ft. of office space at Bagmane Capital South in Bengaluru, influenced by geopolitical tensions that have delayed decision-making processes. Bengaluru topped the list for city-wise leasing, holding a 27% share in Q2 2026, while Bengaluru, Pune, and Delhi-NCR together represented 58% of national leasing. “Bengaluru remains India’s premier office market, bolstered by a rich technology workforce, a thriving tech ecosystem, premium office space, and competitive rents. The city accounted for nearly 50% of nationwide pre-commitments this year, indicating occupiers’ readiness to secure top-quality space…

CommercialLatest Stories

Chandigarh to e-auction 20 commercial properties in Manimajra

Representative AI image CHANDIGARH: The Municipal Corporation (MC) of Chandigarh plans to auction 20 commercial properties, including booths and showrooms, in Manimajra to enhance its revenue. A special committee has been set up to determine the reserve prices and finalize the terms for the property disposal. Sources indicate that approximately 80 commercial properties in Manimajra are currently vacant and will be auctioned in phases. The initial group of 20 properties will undergo e-auction following the committee’s assessment. The committee is evaluating multiple parameters to establish reserve prices, with the current collector rate being a significant factor. Bidders will be given…