Category: Latest Stories

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IndustryLatest Stories

Delhi’s Baansera Cafe Among 150 Plots Up for E-Auction

NEW DELHI: The Delhi Development Authority (DDA) plans to auction over 150 sites and plots at the end of next month, as part of its efforts to enhance revenue by monetizing vacant lands and assets. The available properties will include residential, industrial, institutional, and group housing projects, as well as commercial spaces, kiosks, and food courts, featuring a café at Baansera. The significant e-auction scheme, introduced on the DDA’s foundation day, will begin registrations on December 30 for plots situated in prime locations. Officials indicate that these sites are categorized under 11 groups and comprise both reclaimed and newly identified…

Latest StoriesRera

MahaRERA’s Recovery Slow; Only 33% of ₹792 Crore Collected

PUNE: Recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) are being executed slowly across the state, with only one-third of the total amount owed to homebuyers being recovered to date. Recent official data indicates that out of Rs 791.55 crore due across 1,287 complaints, only Rs 262.68 crore has been recovered (approximately 33%). According to district-level data from MahaRERA, Mumbai suburban tops the list with Rs 351.75 crore due but has collected merely Rs 109.71 crore, with 479 complaints recorded. Mumbai city ranks second, recovering Rs 53.11 crore against Rs 104.14 crore from 47 complaints. Pune, also…

Latest StoriesResidential

Union Minister Launches Smart City Housing Project

PUDUCHERRY: Union Minister of State for Home Affairs, Nityanand Rai, inaugurated a multi-storied tenement under the Puducherry Smart City Mission on Saturday. Located in Chinnayapuram hamlet, these tenements provide affordable housing for the economically disadvantaged. The initiative benefited 220 sanitary workers who previously resided in deteriorated buildings, according to an official release. The event was attended by Lt Governor K Kailashnathan, Chief Minister N Rangasamy, PWD Minister K Lakshminarayanan, Puducherry Assembly Speaker R Selvam, Home Minister A Namassivayam, and BJP local president V P Ramalingam. The tenements consist of six blocks, equipped with essential infrastructure including internal roads, drinking water…

Latest StoriesResidential

Odisha Minister Delivers PMAY-U Work Orders in Sambalpur

SAMBALPUR: On Friday, Union Education Minister Dharmendra Pradhan issued work orders under the Pradhan Mantri Awas Yojana (Urban) and distributed welfare scheme benefits at an event in Sambalpur district. He announced that 855 urban poor families would receive work orders totaling Rs 2.5 lakh each under PMAY (Urban) to build safe and quality homes, marking a significant step towards inclusive urban development. During the event at Gangadhar Meher University auditorium, benefits of the Madhu Babu Pension Yojana were also distributed. Attendees included Rural Development, Panchayati Raj, and Drinking Water Minister Rabi Narayan Naik, Sambalpur MLA Jayanarayan Mishra, District Collector Siddheshwar…

Latest StoriesResidential

2025 Housing Sales Dip 14%, Values Up 6%: Anarock Report

NEW DELHI: Housing sales in India’s top seven cities fell by 14% year-on-year in 2025, totaling approximately 396,000 units. This decline has been attributed to rising prices, economic uncertainty, and layoffs in the IT sector, as per Anarock Research. Nevertheless, the total sales value of homes increased by 6% to over ₹6 lakh crore, indicating ongoing demand for higher-end properties. In comparison, around 460,000 units valued at nearly ₹5.68 lakh crore were sold in 2024. The Mumbai Metropolitan Region (MMR) led sales with approximately 128,000 units in 2025, despite an 18% decline from the previous year. Pune followed closely with…

InfrastructureLatest Stories

Illegal Constructions Removed in Hawa Mahal-Amber Area

JAIPUR: The Jaipur Municipal Corporation (JMC) conducted a demolition drive on Friday targeting illegal and unauthorized constructions on government land within the Hawa Mahal-Amber zone. This operation was spearheaded by Deputy Vigilance Officer Pushpendra Singh Rathore, supported by teams from the vigilance and building encroachment departments, alongside assistance from Jaishinghpura Khor police. Zonal Deputy Commissioner Seema Chaudhary confirmed that the action addressed encroachments on Khasra number 314/1 in Kalalon Ki Dhani, Jaishinghpura Khor, where nearly 4 bighas of JMC land had been illegally occupied. The zone office had previously received multiple complaints regarding the encroachment. Following the complaints, a demarcation…

CommercialLatest Stories

Noida Metro Rail Corp. Offers Commercial Space at 3 Stations

Representative AI image NOIDA: The Noida Metro Rail Corporation (NMRC) is leasing commercial spaces at Sector 81, Sector 83, and Depot metro stations along the Aqua Line. At Sector 81, NMRC is offering four commercial spaces: two on the ground floor (26 sqm and 172 sqm), one on the first/concourse level (315 sqm), and another on concourse level 2 (232 sqm). At Sector 83, a 226 sqm space is available on the upper ground floor, while at Depot metro station, there’s a 106 sqm area on the first/concourse level. As per NMRC officials, the successful bidder will be allowed to…

IndustryLatest Stories

IT Investment Boosts Visakhapatnam Plot Prices by 60%

Representative image VISAKHAPATNAM: Land and plot auctions by the Visakhapatnam Metropolitan Region Development Authority (VMRDA) reflect public interest in the city’s real estate. The recent auctions on December 17 and 18 for remaining plots in middle-income group (MIG) layouts gained attention, driven by nearly ₹2.5 lakh crore in investments announced in Anandapuram, Kapuluppada, and Rushikonda, particularly in IT and digital infrastructure. At the Palavalasa MIG layout, located three kilometers from Tarluwada village—where Google’s data center is being established—prices soared. Seven plots, initially priced at ₹14,500 per square yard, saw bids rise significantly, with the highest reaching ₹23,700 (a 64% increase),…

InfrastructureLatest Stories

Delhi to Add C&D Dumping Sites with CCTV and Mist Sprayers

Representative AI image NEW DELHI: The Municipal Corporation of Delhi is set to identify 14 more construction and demolition (C&D) waste dumping sites, which will be equipped with CCTV surveillance and mist spray systems, according to an official statement made on Friday. Currently, there are 132 such sites in operation, and efforts to locate 14 new sites are ongoing under the Construction and Demolition Waste Management Framework, as confirmed by senior civic officials to PTI. To enhance monitoring and dust control, CCTV cameras with automatic number plate recognition systems and mist sprayers will be installed at all sites. The installation…

Latest StoriesResidential

KHB Seeks Applications for New Residential Layout in Chamarajanagar

MYSURU: The Karnataka Housing Board (KHB) is set to develop a new residential layout in Chamarajanagar, adding to the three existing layouts in the city. The KHB is currently conducting a demand survey to identify land for this new initiative, aimed at catering to the increasing housing needs in the area. The existing layouts, including sites and houses, have been successfully allocated at the Old Housing Board Colony near Ramasamudra and another location close to Dr. BR Ambedkar Stadium. Now, it is moving ahead to establish its fourth layout through a public-private partnership near Uttuvalli in Kasaba Hobli, having signed…