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Latest StoriesRegulatory

Gurugram Seals 7 Properties Over ₹1.8 Crore in Tax Dues

Representative image GURUGRAM: The Enforcement teams of the Municipal Corporation of Gurugram (MCG) sealed seven properties in the city on Tuesday due to non-payment of property tax totaling ₹1.8 crore, despite multiple notices sent to the owners. The sealing operation was overseen by zonal taxation officer Pankaj Kumar, along with tax inspector Pankaj Saluja and their team. According to MCG officials, two properties in Kherki Daula had outstanding dues of ₹30,82,747 and ₹19,72,508, respectively. In Mohammadpur Jharsa, two properties had pending tax amounts of ₹27,35,536 and ₹22,65,126. Additionally, a property in Narsinghpur with dues of ₹14,04,967 and another in Pace…

Latest StoriesResidential

NBCC Auctions 417 Amrapali Aspire Units for ₹1,045 Crore

NEW DELHI: The state-owned NBCC (India) has wrapped up the e-auction for 417 residential units in two housing projects located in Noida and Greater Noida West, achieving a total sale value of approximately ₹1,045.4 crore, as stated in a regulatory filing by the company. The sold units are part of the Aspire Leisure Valley project in Greater Noida West, specifically in towers 7 and 8, as well as Aspire Silicon City, Phase IV in Sector 76, Noida, which comprises tower 5, under Sub-Package 4 of the project. According to the transaction agreement, NBCC will receive a marketing fee of 1%…

Latest StoriesResidential

Bengaluru Buyers Shocked by Multiple Sale Deals on One Apartment

BENGALURU: A troubling case has emerged where a builder entered into sale agreements for the same flat with three different buyers. Homebuyers must exercise caution when entering into agreements with unscrupulous builders. Alarmingly, even nationalized banks are sanctioning housing loans without conducting necessary due diligence. Employees at the Sub-Registrar Offices seem eager to process sale deeds, although the reasons for this remain unclear. It’s common for them to register multiple agreements on the same property, particularly if the agreements list varying carpet area sizes. Authorities at these offices do not question the legitimacy of agreements, simply proceeding with registrations if…

Latest StoriesResidential

Yasmin Karachiwala Acquires Two Bandra West Apartments for ₹37.5 Cr

MUMBAI: Celebrity fitness expert Yasmin Karachiwala, aged 55, has made headlines by acquiring two luxury 4-BHK ocean-view residences totaling Rs 37.5 crore at the prestigious Paradigm Superstar-Signature Edition (Marquis Collection) located in Bandra West. Known for training stars like Katrina Kaif, Deepika Padukone, Bipasha Basu, and Hrithik Roshan, Karachiwala invested in approximately 1,882 sq ft of real estate and incurred about Rs 83 lakh in stamp duty alongside a registration fee of Rs 3,000, according to a source at the Sub-Joint Registrar in Bandra. In addition to her own luxury purchase, sources reveal that Karachiwala encouraged her niece, Shirin Qureishi,…

CommercialLatest Stories

Bagmane Prime Files for ₹4,000 Crore IPO

Representative AI image NEW DELHI: Bagmane Prime Office REIT, based in Bengaluru, has submitted its draft offer document to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹4,000 crore. This includes a fresh issue of units amounting to ₹3,000 crore and an offer for sale (OFS) of ₹1,000 crore by selling unitholders. The REIT, sponsored by Bagmane Realty and Infrastructure LLP, manages a premium portfolio of Grade A+ office business parks focused in key office areas of Bengaluru. It encompasses 20.3 million sq ft of total area with 19.6 million sq…

IndustryLatest Stories

Himachal Pradesh Cabinet Approves Township Near Chandigarh

Representative AI image SHIMLA: On Tuesday, the Himachal Pradesh Cabinet announced several significant decisions, including plans for a world-class township at Shitalpur near Chandigarh and the creation of 600 positions for assistant staff nurses in state-operated medical facilities. In a meeting led by Chief Minister Sukhvinder Singh Sukhu, the cabinet also agreed to fill 53 assistant professor roles and 121 various categories of posts across medical colleges in the state to bolster the healthcare system, according to an official statement. For the new township in Shitalpur, located in Solan district’s Baddi area, the cabinet approved transferring 3,400 bighas of land…

CommercialLatest Stories

India’s REIT Market Surpasses ₹2.3 Lakh Crore Asset Value

NEW DELHI: India’s Real Estate Investment Trust (REIT) market has developed into a significant institutional asset class, with a gross asset value (GAV) reaching approximately ₹2.3 lakh crore and the equity market capitalisation nearing ₹1.66 lakh crore as of September 30, 2025, as reported by Anarock Capital. Despite only about 32% of India’s REIT-eligible commercial stock being listed, the domestic REIT market has outperformed Hong Kong in market capitalisation, highlighting rapid growth since the first listing in 2019. Following Knowledge Realty Trust’s listing in August 2025, India now boasts five listed REITs that manage a combined portfolio of around 176…

CommercialLatest Stories

India’s Office Leasing Surpasses 70 Million Sq Ft in 2025

NEW DELHI: India’s office market maintained its growth trajectory in 2025, achieving over 70 million sq ft in Grade A office leasing across the top seven cities for the first time. This surge was fueled by a robust year-end push and sustained confidence from occupiers, as reported by Colliers India. During the year, total office leasing reached around 71.5 million sq ft, reflecting a 6% increase from the previous year. The final quarter was particularly significant, with quarterly demand surpassing 20 million sq ft, a 20% rise from the previous quarter, driven by substantial deal closures and expansion efforts. Bengaluru…

Latest StoriesRegulatory

Patna resolves 671 property tax and waste charge issues in a month

PATNA: The Patna Municipal Corporation (PMC) has addressed 671 complaints regarding property tax and solid waste charges out of 1,782 grievances reported within the past month, showcasing a significant advancement in citizen-focused governance. Officials report that the civic body is prioritizing expedited resolution through its enhanced grievance redressal system. On Monday, Municipal Commissioner Yashpal Meena stated, “We are promptly managing complaints to ensure timely relief for residents. The remaining cases, mostly directed to zonal offices, are actively being processed, with regular reviews conducted by relevant officers for prompt resolution.” The commissioner has issued stern directives to executive officers across all…

CommercialLatest Stories

ICRA: Office Vacancy Rates to Hit Historic Lows by FY27

NEW DELHI: According to ICRA, a rating agency, vacancy rates in India’s commercial office market are set to drop to multi-year lows by FY2027 due to leasing demand significantly surpassing new supply for the third consecutive year. Net absorption across the six major office markets—Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai Metropolitan Region (MMR), and Pune—is expected to reach an unprecedented 69–70 million sq ft in FY2026. The strong leasing momentum should continue in FY2027, with net absorption projected at over 65 million sq ft. With demand consistently outpacing supply, vacancy rates are forecast to decline to between 12.5% and 13%…