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

Five Roads in Jaipur Metro Designated as Transit Corridors

JAIPUR: The Jaipur Development Authority (JDA) has designated five crucial roads along the metro line as Transit-Oriented Development (TOD) corridors. A TOD corridor is an area within an 800-meter radius of metro stations, where mixed land use—residential, commercial, and industrial—will be mandatory. On Thursday, JDA Commissioner Anandhi announced that this decision aligns with the state government’s Transit-Oriented Development Policy-2025. The TOD corridors include: Veer Tejaji Circle to Pandit TN Mishra Marg junction (1.4 km) Pandit TN Mishra Marg junction to Bharat Ashram Marg junction (1.5 km) Bharat Ashram Marg junction to Janpath Marg junction (1.1 km) Janpath junction to ESI…

InfrastructureLatest Stories

Five Jaipur Metro Roads Designated as Transit-Oriented Corridors

JAIPUR: The Jaipur Development Authority (JDA) has announced five major roads along the metro line to be designated as Transit-Oriented Development (TOD) corridors. A TOD corridor is an area within an 800-meter radius of metro stations, where mixed land use—including residential, commercial, and industrial—is required. On Thursday, JDA commissioner Anandhi stated that this decision aligns with the state government’s Transit-Oriented Development Policy-2025. The designated TOD corridors include: Veer Tejaji Circle to Pandit TN Mishra Marg junction (1.4 km) Pandit TN Mishra Marg junction to Bharat Ashram Marg junction (1.5 km) Bharat Ashram Marg junction to Janpath Marg junction (1.1 km)…

Latest StoriesRegulatory

ED Seizes Vatika, Unitech Assets in Homebuyers’ Fraud Case

NEW DELHI: The Enforcement Directorate has attached assets valued at ₹80 crore from real estate firms, including Vatika and Unitech Groups, as part of a money laundering investigation concerning the Gurugram-based Ramprastha Group for alleged homebuyer fraud. A provisional order was issued by the federal investigative agency on Wednesday to attach these properties under the Prevention of Money Laundering Act (PMLA). The investigation focuses on Ramprastha Promoters and Developers Pvt Ltd (RPDPL) and its related entities. The total value of the attached assets is ₹80.03 crore, as stated by the Enforcement Directorate (ED). “The attached assets encompass movable and immovable…

CommercialLatest Stories

Starlink Leases Office Space in New Delhi with CorporatEdge

Elon Musk’s Starlink has secured its first office in northern India by partnering with premium flexible workspace provider CorporatEdge, according to two sources familiar with the matter. The new 50-seater office is located at the World Trade Center in Nauroji Nagar, Delhi—a location also chosen by OpenAI for its first office in India. Earlier this month, Starlink displayed comprehensive residential pricing on its local website, indicating an upcoming launch in India, although they later clarified that this was due to a glitch. As firms like OpenAI and Starlink establish their presence in India, a centralized location in Delhi allows them…

Latest StoriesRegulatory

Allahabad HC upholds ED proceedings in Grand Venice case

PRAYAGRAJ: The Allahabad High Court on Thursday refused to quash proceedings by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA) concerning the FIR related to the Grand Venice project in Greater Noida, Gautam Budh Nagar. The court made important observations regarding the jurisdictional prerequisites and statutory protections governing the powers exercised under the Act. The Grand Venice project was developed on a commercial plot allocated by the Greater Noida Industrial Development Authority, intended for a theme-based commercial mall and an adjacent commercial tower. On June 9, 2015, an FIR was filed at the Kasna police…

IndustryLatest Stories

Gujarat’s Real Estate Transformed by Redevelopment Wave

AHMEDABAD: Gujarat’s real estate sector is undergoing a significant transformation as redevelopment and joint development projects rapidly gain traction due to rising land prices and changing business models. Official statistics reveal a notable increase in registered development agreements, indicating that builders and landowners are opting for partnership models rather than outright land acquisitions. In 2024, a total of 777 redevelopment and joint development agreements were recorded in Gujarat, generating over Rs 55 crore in stamp duty for the state government. The momentum continued into 2025, with 983 agreements registered by November 30, yielding more than Rs 59 crore in stamp…

InfrastructureLatest Stories

Goa’s Panchayat Courts Swamped by 3,228 Illegal Builds

MARGAO: The state’s panchayat judicial system is currently overwhelmed with over 3,200 illegal construction cases. Experts suggest that this reflects a deliberate undermining of local governance in favor of the construction lobby. Official statistics reveal a staggering 2,179 cases are pending before the additional director of panchayats in North Goa, while another 1,049 cases await attention in South Goa. This brings the total backlog to 3,228 cases. From January 2022 onwards, 436 cases have emerged across various levels of the directorate of panchayats—338 are pending before additional directors’ courts, 86 before deputy directors, and 12 before the director of panchayats…

IndustryLatest Stories

Haryana Extends Settlement Scheme for Faster EDC Recovery

GURUGRAM: The Haryana government has extended its one-time settlement scheme while tightening financial terms to discourage developer delays. The extension of the “Samadhan Se Vikas” scheme until March 31, 2026, addresses long-overdue external development charges (EDC) related to licensing and land use across the state. EDCs are mandatory fees imposed by local governments on developers to support essential infrastructure and amenities outside project boundaries—like roads, water, sewage, and parks—ultimately passed on to homebuyers. According to officials, this decision by the Department of Town and Country Planning (DTCP) came after assessing the “slow pace of recovery under earlier deadlines” amid rising…

Latest StoriesRegulatory

CAG Report Highlights Issues in Chhattisgarh Housing Scheme

RAIPUR: The Comptroller and Auditor General of India (CAG) has identified critical deficiencies in the execution of key welfare and infrastructure initiatives in Chhattisgarh. This includes urban housing, labor welfare, and renewable energy projects, as detailed in the Performance and Compliance Audit (Civil) Report for the period ending March 2023. The report, presented in the state assembly by Finance Minister O P Choudhary on Wednesday, consists of three chapters focused on audit planning, expenditure analysis, the performance audit of the Pradhan Mantri Awas Yojana – Urban (PMAY-U), and a compliance audit of welfare schemes managed by the Labor Department. It…

Latest StoriesResidential

Telangana Housing Board Launches LIG Flats Sale in Hyderabad

Representative Image HYDERABAD: The Telangana Housing Board has introduced one-bedroom flats aimed at the Lower Income Group (LIG) in Gachibowli and several other locations. According to V P Gautam, the board’s vice-chairman, a total of 339 flats are available in Hyderabad, Khammam, and Warangal at competitive market prices. These flats are situated in gated communities where many families reside, specifically allocated for the LIG category to ensure access to quality housing. Positioned in well-developed and sought-after areas, the flats are offered at prices that are substantially lower than those in the open market. Officials highlighted that the flats are designated…