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IndustryLatest Stories

Construction of Technopark’s QUAD Project Starts January 2026

THIRUVANANTHAPURAM: The construction of Technopark’s QUAD project will commence next month, representing a significant advancement in Kerala’s largest IT township initiative. As site preparation starts for the flagship building, Technopark has released an expression of interest (EOI) seeking private co-developers to assist in creating additional top-tier IT and commercial spaces within the QUAD campus. The EOI process will include a clarification meeting to address queries from interested developers, scheduled for both online and offline formats at 4 PM on December 30. Proposal presentations will follow from 11 AM on January 5, 2026. Complete EOI information can be found on the…

IndustryLatest Stories

Real Estate Institutional Investments to Exceed $10B by 2025: JLL

NEW DELHI: Institutional investments in India’s real estate market are projected to surpass $10 billion for the first time in 2025, reaching approximately $10.4 billion through 77 transactions, according to JLL’s report. This marks a 17% year-on-year increase from the $8.9 billion noted in 2024, marking the second successive year of record investment inflows. This achievement highlights ongoing institutional interest in Indian real estate, fueled by enhanced market transparency, stable asset performance, and a wider investor base. Beyond completed transactions, the sector also experienced platform commitments of about $11.4 billion in 2025, intended for deployment over the next three to…

Latest StoriesResidential

Property Registrations Fall Amid Rising Land Prices in Haveri

HAVERI: The Haveri sub-registrar’s office has witnessed a significant drop in property registrations over the last eight months due to skyrocketing land prices and an increase in private layouts. Registrations, which once averaged around 2,000 monthly, fell to 1,023 in April, 875 in October, and only 469 so far in December, according to sub-registrar Sanjeev Kapali. The ongoing decline reflects buyer reluctance stemming from rising prices and insufficient affordable options, despite private developers continually launching new layouts on the outskirts of the city. Between April and November, stamp duty and registration fees reached over Rs 17.2 crore. The situation has…

Latest StoriesRegulatory

Navi Mumbai: NMMC Alerts CIDCO on Pollution Violations

Representative AI image THANE: The Navi Mumbai Municipal Corporation (NMMC) has sent notices to the City and Industrial Development Corporation (CIDCO) for alleged breaches of pollution control regulations at two housing project sites managed by CIDCO. A statement from the civic body mentions that notices are related to a housing project near Juinagar Railway Station in Sector 11, Sanpada, and another site in Vashi’s Sector 19. NMMC has instructed CIDCO to implement all necessary pollution control measures, as per the Standard Operating Procedures (SOP), and to submit a comprehensive report on the corrective actions taken to the town planning department.…

Latest StoriesRegulatory

Lucknow to Adopt New House Tax Assessment System

LUCKNOW: The Lucknow Municipal Corporation is introducing the Property Tax Management System (PTMS) to enhance transparency in property tax assessments. This initiative aims to eliminate inconsistencies in tax calculations and mitigate complaints regarding municipal staff harassment. Properties that may be impacted include those with discrepancies between recorded and actual built-up areas, buildings misclassified as residential or commercial, and properties that expanded without proper updates. Additionally, high-value homes and buildings currently outside the tax system will be scrutinized more closely. Currently, inaccuracies in assessments have resulted in small buildings being attributed inflated areas or residential properties being taxed under commercial rates.…

Latest StoriesRegulatory

Karnataka HC: Registrar can void sale deed for illegal allotments

BENGALURU: In a landmark decision that could influence numerous cooperative housing cases, the Karnataka High Court has ruled that the additional registrar of cooperative societies has the authority to revoke even a registered sale deed if it stems from an illegal allotment by a cooperative society. Justice Suraj Govindaraj issued this ruling while rejecting a petition from Suresha, a Bengaluru resident who challenged the registrar’s power to intervene post-registration of a sale deed. The court clarified that after invalidating an illegal allotment, the registrar has the right to instruct the local sub-registrar to take necessary actions, but emphasized the importance…

IndustryLatest Stories

Ambuja Neotia to Revive Usshar Project in Batanagar, Kolkata

NEW DELHI: Ambuja Housing & Urban Infrastructure Company (AHUICL), a subsidiary of Ambuja Neotia Group, has secured approval from the National Company Law Tribunal (NCLT) to acquire the Usshar Project in Batanagar as part of a parcel-wise resolution for the corporate debtor Riverbank Developers. According to the resolution plan endorsed by a division bench of NCLT, Kolkata, under the Insolvency and Bankruptcy Code (IBC), AHUICL will assume control of the asset parcel comprising the Usshar residential project, which spans approximately 9.4 acres. As outlined in the approved plan, the company will make an upfront payment of ₹34 crore, with the…

Latest StoriesRegulatory

I-T Department Seizes 282 Acres in ₹2,000 Crore Land Case

HYDERABAD: The Income Tax Department’s Benami Prohibition Unit (BPU) in Hyderabad has issued 17 provisional attachment orders related to a 282-acre land parcel in Koheda and Omer Khan Daira villages, near Abdullapurmet, valuing the properties at ₹2,002 crore. These land transactions were preliminarily identified as benami, with Incor Realty Projects acting as the benamidar and former Sanghi Industries Ltd promoter, Ravi Sanghi, along with his family, named as the beneficial owners. According to the orders, the land originally belonged to the now-defunct Sanghi Industries Ltd (SIL) and was sold through a structured arrangement involving Incor Realty and Venkateshwara Realty. The…

Latest StoriesRera

Haryana RERA Orders Splendor Buildwell to Clear Investor Dues in 90 Days

**GURUGRAM:** The Haryana Real Estate Regulatory Authority (H-RERA) has instructed the developer of Spectrum One in Sector 58 to address outstanding assured returns and finalize property titles for investors Tripti Vohra and Amit Vohra. The directive mandates that pending dues be released within 90 days, along with interest. In a comprehensive order delivered on Dec 18, following a review that began on Nov 27, member Phool Singh Saini consolidated three complaints from the Vohra couple against Splendor Buildwell, citing delays in possession, cessation of assured returns, and non-execution of sales agreements. The nearly seven-acre project has been registered with RERA…

Latest StoriesRegulatory

Delhi Police nab five in ₹12 crore luxury fraud in Gurugram

NEW DELHI: The Delhi Police have arrested five individuals for allegedly defrauding a man of Rs 12 crore by selling a nonexistent luxury property at DLF Camellias in Gurugram, officials reported on Sunday. The police indicated that the arrests have unveiled an organized fraud scheme that utilized forged bank auction documents to deceive victims. In a statement, they confirmed that the Crime Branch dismantled the scheme after filing an FIR under multiple charges, including cheating, forgery, and criminal conspiracy, in accordance with the Bharatiya Nyaya Sanhita. “The syndicate is believed to have defrauded victims of over Rs 200 crore across…