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.

Latest StoriesRegulatory

Assembly passes 12 bills, including Karnataka rent changes

BELAGAVI: On Tuesday, the state Assembly approved 12 bills, including the Greater Bengaluru Governance (Second Amendment) Bill. This bill allows all MPs and MLAs who reside in Bengaluru and are on the city’s electoral roll to become members of the Greater Bengaluru Authority (GBA). Deputy Chief Minister D K Shivakumar, responsible for Bengaluru’s development, stated, “Public representatives who are voters in Bengaluru were previously excluded. Now, we will include Rajya Sabha member Sudha Murty, Union Finance Minister Nirmala Sitharaman, and certain areas from Chikkaballapura Lok Sabha constituency, represented by Dr K Sudhakar, in the GBA.” He added that the amendment…

IndustryLatest Stories

Prestige Group Scraps Lutyens’ Plan, Sells Bungalow

Representative Image NEW DELHI: The Prestige Group from Bengaluru, which purchased a bungalow from TDI Infratech on Kasturba Gandhi Marg in Delhi for the development of a luxury boutique project, has withdrawn from the deal due to approval delays. The firm has sold the property for approximately ₹450 crore, after acquiring it two years ago for about ₹300 crore. TDI retained ownership of the Lutyens Delhi property intended for redevelopment. Initially set as a joint development agreement, Prestige eventually acquired the asset entirely. The property covers 5,100 square yards, with a projected revenue potential of ₹700 crore. Sources indicate that…

Latest StoriesRegulatory

Bombay HC Nullifies ₹600 Crore Bandra Bungalow Probate

MUMBAI: The Bombay High Court has annulled a probate granted eight years ago concerning the landmark ‘Marina Manor’ bungalow in Bandra, valued at over Rs 600 crore. The court determined that the probate was secured through the concealment of important facts and false statements regarding the deceased’s family. This ruling, issued on December 11 by Justice Sharmila U Deshmukh, followed a petition filed under Section 263 of the Indian Succession Act. The court revoked the probate initially granted in November 2017 to Marina Manuel Fernandes for a will dated November 8, 2014, allegedly belonging to Marie Joseph Fernandes, who died…

Housing FinanceLatest Stories

Rising Defaults on Micro Loans Secured by Property

MUMBAI: TransUnion CIBIL’s December 2025 Credit Market Report highlighted a year-on-year increase in early-stage delinquencies for micro-loans secured against property (micro-LAP) and micro-housing loans. The report indicates that lenders are now focusing on borrowers with credit scores exceeding 750 and a solid credit history. According to the report, delinquency rates in the micro-LAP segment rose by 45 basis points to 3.3% as of September 2025. Early delinquencies, defined as loans overdue by 90 days or more within 12 months, increased by 29 basis points year-on-year to 2.2% for loans originated in the quarter ending September 2024, which is notably higher…

Latest StoriesResidential

Rental Scheme: Dodgy Agreements Uncover Tax Evasion Plot

BENGALURU: A property management company is under scrutiny for allegedly using dual agreements to facilitate hidden deposits, unpaid rents, and questionable HRA claims, ensnaring property owners and sub-tenants. Residents of Bengaluru have long been aware of the risks posed by unscrupulous tenants and property management firms that exploit unsuspecting landlords. Recent revelations expose another scam that appears to defraud the government by misrepresenting claims for house rent allowance (HRA) exemptions. A homeowner who wishes to remain anonymous shared their experience with Catena Homes, stating, “I only received rent for a few months after entering an agreement with them. When I…

Latest StoriesResidential

Buffer Zone Dispute Leaves Bengaluru Site Owners in Limbo

Here’s a rewritten version of the content: BENGALURU: Over 1,500 families who purchased plots in the Banashankari 6th Stage layout, developed by the Bangalore Development Authority (BDA), are stuck in limbo for years. A sudden claim by the forest department regarding forest land has halted construction and sales, leaving many unable to develop their properties despite holding valid allotments, tax receipts, and long-standing ownership documents. Established in 2001, Banashankari 6th Stage consists of over 20,500 plots across 14 blocks. The current contention focuses on the 3rd, 4th, and 5th blocks, where the forest department has imposed construction restrictions, asserting that…

Latest StoriesResidential

Registration Opens for LIG & EWS Flats in Ghaziabad

GHAZIABAD: The Ghaziabad Development Authority (GDA) has launched an online service aimed at facilitating the registration process for low-income group (LIG) and economically weaker section (EWS) housing. Private developers can submit the required details online from December 15 until January 15, 2025. A GDA official mentioned that a six-member committee has been established to address delays in the construction and allotment of units under these schemes. To date, one developer has successfully registered 1,493 units under both the EWS and PMAY schemes using the online service. “We anticipate that more developers will come forward to utilize this service. Those who…

Latest StoriesResidential

Telangana to Sell, Regularize Small Housing Board Plots

Representative Image HYDERABAD: The Telangana government is taking steps to resolve longstanding land and revenue issues by selling small plots of housing board land and regularizing additional land owned by homeowners, while also tightening regulations on leases and rentals to safeguard public assets. During a review meeting on housing department matters, Housing Minister Ponguleti Srinivas Reddy instructed officials to prepare a detailed report concerning the sale of housing board land measuring up to 100 square yards adjacent to existing housing board houses. The proposal also aims to regularize previously allotted additional land. Officials are to gather data on current market…

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

Latest StoriesRera

Odisha RERA to Hire Civil Engineers for Buyer Protection

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has started the recruitment of a civil engineer to conduct in-depth evaluations of various real estate projects. This initiative aims to protect the interests of homebuyers and enhance transparency. According to ORERA, the ideal candidate should have prior experience in the role of executive engineer within the roads and buildings division of the works department or similar roles in government or registered private agencies. In its official announcement, ORERA noted, “The selected engineer will perform field inspections as required by the authority in cities like Bhubaneswar, Berhampur, Balasore, Sambalpur, Rourkela, and other…