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.

InfrastructureLatest Stories

Goa: 300,000 sq meters of forest converted to settlement in Arambol

File Photo PANAJI: Following a central government intervention two years ago that paused the Goa town and country planning (TCP) department’s zoning plan to convert 21% of Pernem’s green space, Arambol is witnessing unrest once again. A substantial hill in Bhatwadi, Arambol, enveloped by a dense private forest spanning 3 lakh sqm, has been reclassified as settlement land. This change threatens approximately 1,000 residents from five wards living at the base of the hill, who are concerned about potential landslides akin to what occurred in Wayanad if the trees are cleared for luxury hotels or villas. Locals protested on Sunday…

IndustryLatest Stories

Panel Established to Revise Gujarat Land Revenue Act

Representative AI image GANDHINAGAR: The state government recently established a committee led by retired IAS officer C.L. Meena to review the Gujarat Land Revenue Act of 1879 and related regulations. The objective is to recommend necessary amendments to the Act. The committee, composed of other members like M.B. Parmar and Anis Mankad (both retired IAS officers) along with a member secretary, is tasked with submitting its report within six months. A notification regarding this was released on December 22. As outlined in the notification, the committee is responsible for assessing the revenue department’s rules, resolutions, and manuals connected to this…

InfrastructureLatest Stories

Gurugram High-Rises Urged to Use Smog Guns for Dust Control

GURUGRAM: The air quality in the city has remained in the ‘very poor’ category for the second consecutive day. The Haryana State Pollution Control Board (HSPCB) is urging numerous residential and commercial developments to implement smog guns or water-sprinkling systems to manage dust levels in the winter. The Air Quality Index (AQI) recorded an index of 315 on Friday, an improvement from the previous day’s 353, but still classified as ‘very poor.’ The HSPCB’s advisory was distributed to over 180 group housing societies, condominiums, plotted colonies, and commercial complexes citywide, including significant developments in DLF City, Golf Course Road, Golf…

IndustryLatest Stories

InvITs, REITs Distributions Surge 55% YoY in Q2 FY26: ICRA

NEW DELHI: According to ICRA Analytics, India’s Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) showed remarkable growth in distributions for the second quarter of FY2026, buoyed by robust performance in various sectors such as roads, power, energy, commercial real estate, telecom infrastructure, and logistics. Distributions from public InvITs and REITs surged by 34.3% quarter-on-quarter, exceeding ₹3,300 crore in Q2 FY26. On a year-on-year basis, distributions saw a 55.4% increase from the previous year. REITs were the standout performers this quarter, benefiting from steady leasing activity, rental growth, and improved collection rates within commercial office portfolios. Meanwhile, road…

Latest StoriesResidential

Allottees seek amenities, cite design flaws in Kempegowda Layout

File Photo BENGALURU: While the Bangalore Development Authority (BDA) has expedited work on the Nadaprabhu Kempegowda Layout (NPKL) between Mysuru Road and Magadi Road, residents in III and IV Blocks have raised urgent concerns regarding “critical bottlenecks” that might hinder habitation if not resolved promptly. Allottees appreciate the enhanced pace of land acquisition and development under the current administration; however, they assert that the layout is still not suitable for living. Although several houses are built and more are under construction, foundational issues like inadequate infrastructure and unclear design are becoming significant obstacles. One major issue is the absence of…

Latest StoriesRera

Karnataka RERA Orders Builder to Refund with Interest

BENGALURU: Despite the actions taken by law enforcement and the Karnataka Real Estate Regulatory Authority (K-RERA), the issue of double sales continues to affect unsuspecting homebuyers. Many of these buyers are desperately seeking justice, with some hoping for relief from K-RERA, which has started issuing judgments that address prolonged complaints. In a ruling on December 22, 2025, the K-RERA addressed a complaint from Sudhir, a victim, ordering the respondents — Sri Vanishelters, LS Srinidhi, B Kenchappa Gowda, and G Vidyavathi — to reimburse Rs 32,94,816 with interest. The interest rate is based on the SBI’s marginal cost of funds-based lending…

IndustryLatest Stories

Gaurs Group Secures ₹440 Crore via Non-Convertible Debentures

NEW DELHI: Gaurs Group has successfully completed its inaugural public offering of non-convertible debentures (NCDs), raising ₹440 crore, and the issue has been fully subscribed. Three mutual funds participated in the subscription. The debentures were issued by Gaursons India, the parent company of Gaurs Group, and will be traded on the National Stock Exchange (NSE). Kotak Mahindra Bank served as the sole arranger for this transaction. “This gives us enhanced flexibility to foster growth while ensuring a sound capital structure,” remarked Sarthak Gaur, director of the company. The entire process was concluded over a span of nearly three months. The…

Latest StoriesResidential

Delhi CM: Poor Families to Get Flat Keys in New Year

File Photo NEW DELHI: The Delhi Government is actively working to not only provide shelter but also ensure a dignified and well-equipped life for residents belonging to the Economically Weaker Sections (EWS), as stated in an official release. Delhi Chief Minister Rekha Gupta highlighted that community amenities are being enhanced in existing EWS residential colonies under the Delhi Urban Shelter Improvement Board (DUSIB). The Government aims to offer more than just housing; it seeks to ensure that the marginalized have access to education, healthcare, sanitation, water supply, green spaces, and employment opportunities. Developing essential and social infrastructure in larger colonies…

CommercialLatest Stories

2025 Sees 55M Sq Ft in Net Office Leasing: Anarock

NEW DELHI: In 2025, net office leasing in India’s top seven cities reached an unprecedented 55.16 million sq ft, marking a 10% year-on-year increase, according to Anarock Research. This growth came despite challenges like layoffs in the IT sector and global tariff issues. For context, net absorption was approximately 49.95 million sq ft in 2024. Bengaluru maintained its position as the largest office market, leasing about 14.15 million sq ft for the year. However, this represented a 5% decline in net absorption compared to 14.87 million sq ft in 2024. In contrast, Pune experienced the highest annual growth among the…

InfrastructureLatest Stories

Guntur to Merge 18 Villages Before Boundary Deadline

GUNTUR: In a last-minute action prior to the Centre’s deadline for finalizing geographical boundaries, the Guntur Municipal Corporation (GMC) council has approved a resolution to merge 18 villages into the corporation. The proposal has been sent to the district collector, who will submit a report to the government for final approval. Originally, only 11 villages were proposed for the merger, but an additional seven were included due to pressure from local legislators. However, the ambition to elevate the civic body to a city with over one million residents may take a couple of years, as the Centre has instructed all…