Category: Latest Stories

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CommercialLatest Stories

Airbnb Leases 46,437 Sq Ft Office in Gurugram’s DLF Cyber City

NEW DELHI: Airbnb Global Capability Center has secured a lease for 46,437 sq ft of office space in DLF Cyber City, Gurugram, from DLF Cyber City Developers, according to Propstack, a real estate data analytics firm. The leased area is situated on the 21st floor of Tower A in Building No. 5 of DLF Cybercity, covering a usable area of 32,506 sq ft. The lease, effective from October 1, 2025, has a duration of five years, with Airbnb agreeing to pay a rent of Rs 132.5 per sq ft monthly, totaling Rs 61.53 lakh each month. This results in an…

Latest StoriesRegulatory

SC: NMMC Can Collect Property Tax in Thane-Belapur Belt

NAVI MUMBAI: The Supreme Court ruled on Wednesday that the Navi Mumbai Municipal Corporation (NMMC) has the authority to collect property tax in the Thane Trans Creek-MIDC area, commonly referred to as the Thane-Belapur industrial corridor. This decision, stemming from a case brought forth by the Small Scale Entrepreneurs Association (SSEA) regarding the Thane Trans Creek-MIDC area, allows NMMC to impose property taxes on more than 3,000 industries in the corridor. In 2001, the SSEA petitioned the Bombay High Court against NMMC’s property tax orders, arguing a jurisdictional dispute since MIDC also charged service fees in the area. The High…

IndustryLatest Stories

Ghaziabad Builders Urged to Give Noon Breaks to Workers

GHAZIABAD: The local authorities have issued a guideline urging builders to refrain from employing laborers on construction sites from 12 PM to 4 PM due to the ongoing heatwave conditions. The labor department has initiated an awareness campaign at construction areas and labor congregation points throughout the district. This effort aims to educate workers on heatwave precautions and provide them with ORS solutions and cold beverages like shikanji. “As part of our initiative, we have conducted camps at major construction sites in Siddharth Vihar and Wave City, reaching out to at least 20,000 workers. Officials distributed towels, ORS packets, and…

IndustryLatest Stories

CREDAI Visakhapatnam Calls for Easier Registration for Housing Projects

Representative AI image VISAKHAPATNAM: CREDAI Visakhapatnam has requested the stamps and registration department to implement a project ID-based framework under CARD 2.0 to enhance the registration process for gated communities and large residential projects. The association submitted a representation to the deputy inspector general of the stamps and registration department, praising the CARD 2.0 initiative for reinforcing digital governance, transparency, and improved public service delivery. However, they noted that the current check slip generation before registration consumes considerable time, particularly for large residential projects, often exceeding 90 minutes. CREDAI pointed out that the repetitive entry of information for each unit,…

Latest StoriesRera

Gujarat RERA Requests Timeline Extensions for Govt Projects

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the Roads and Buildings (R&B) department to inquire if there have been any extensions granted for government civil projects due to the West Asia crisis. Real estate groups are urging GujRERA to approve a six-month extension for ongoing projects, pointing to significant increases in construction costs and uncertainties in supply chains. Sources indicate that GujRERA is examining existing practices within the state government’s contracting framework before making decisions on the developers’ requests. A source from GujRERA stated, “The central government has granted extensions of two to four months…

IndustryLatest Stories

Telangana: Raidurg Land Rakes in ₹5,000 Crore in 8 Months

HYDERABAD: In just eight months, a two-square-kilometre area in Raidurg—Hyderabad’s Knowledge City—has generated over Rs 5,000 crore for Telangana, emerging as the state’s prime real estate destination. The Telangana Industrial Infrastructure Corporation (TGIIC) has propelled this significant revenue surge through multiple high-value land auctions, further solidifying Raidurg’s position as a crucial income generator for the state government. Officials call the 439-acre region a “gold mine,” attracting IT firms, corporate giants, and notable institutions such as T-Hub and T-Works, all benefiting from the area’s premium location. Its proximity to the international airport and strong connectivity have enhanced its attractiveness. The Congress…

Latest StoriesRegulatory

ED Seizes ₹634 Crore Assets in Unitech Money Laundering Case

NEW DELHI: The Enforcement Directorate announced on Friday that it has attached assets valued at ₹634 crore from a significant real estate project by the Unitech Group in Noida. This action pertains to a money laundering investigation related to suspected fraud against homebuyers. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to seize properties linked to the Unitech Golf and Country Club (UGCC) Project, located in Sectors 96, 97, and 98 of Noida, Uttar Pradesh, according to the central agency’s statement. The seizure includes leasehold rights over 347.83 acres of land and equity stakes…

Latest StoriesResidential

Madhya Pradesh: Fly Ash Bricks Cost Homebuyers More

Representative AI image INDORE: The cost of building a house in the state may rise as fly ash brick manufacturers announce a price increase. This change could have a wider impact, making government infrastructure projects and commercial developments in Madhya Pradesh more expensive starting June. During a meeting on Thursday, the Fly Ash Brick Manufacturers Cooperative Society agreed to raise the price from approximately Rs 6,000 to Rs 6,500-7,000 per 1,000 bricks, excluding GST. Industry estimates indicate that for constructing an average 1,000 sq ft flat, about 8,000-10,000 fly ash bricks are needed. The new rates could result in an…

Latest StoriesResidential

20+ Maharashtra housing societies finish online registrations in 2 months

Sure! Here’s a rewritten version of the content: — PUNE: Following the launch of a fully online cooperative society registration system by Maharashtra’s cooperation department two months ago, 23 housing societies in the state have successfully completed the approval process via the Aaple Sarkar portal. This marks a significant transition from the cumbersome paperwork-intensive method that required multiple visits to deputy registrar offices. As of Friday, officials from the state cooperation department informed TOI that the portal has processed 304 applications for society name reservations—the initial step in the registration process. Out of these, 113 applications received approval, while 34…

IndustryLatest Stories

PPCB Highlights Compliance Issues, Urges Builders to Follow EC Norms

CHANDIGARH: The Punjab Pollution Control Board (PPCB) recently conducted an interactive session with the Builders Welfare Association in Zirakpur, aimed at enhancing awareness about environmental compliance and the importance of adhering to Environmental Clearance (EC) conditions during construction. The session, led by the PPCB’s Mohali regional office, was overseen by superintending environmental engineer Gursharan Dass Garg and executive engineer Kanwaldeep Kaur. They emphasized the need to simplify regulations and improve compliance in housing and construction projects. Garg highlighted the importance of strict compliance with EC conditions throughout both construction and operational phases. Builders were encouraged to visibly display environmental guidelines…