Category: Latest Stories

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Latest StoriesResidential

MTNL board okays ₹350.72 crore sale of BKC block to Nabard

Representative AI image NEW DELHI: The board of Mahanagar Telephone Nigam Ltd (MTNL), a state-run entity, has sanctioned the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to NABARD for ₹350.72 crore through a government-to-government direct sale, as stated in a BSE filing on Monday. The National Bank for Agriculture and Rural Development (NABARD) will cover the stamp duty, registration fees, and any associated charges, while MTNL will be responsible for any dues prior to the transfer and the NLMC (National Land Monetisation Corporation) fee outlined in a letter of undertaking dated June 29, 2025. MTNL’s…

CommercialLatest Stories

Concorde Invests ₹125 Crore to Develop Mayfair Commercial Block

NEW DELHI: Concorde, based in Bengaluru, has made a ₹125 crore investment to establish a commercial block at Concorde Mayfair, an integrated development positioned on Bellary Road in Yelahanka. Covering a super built-up area of about 2.51 lakh sq ft, this commercial block is projected to generate annual revenues of approximately ₹30 crore from operations. The structure features retail space on the ground and first floors, while the second to tenth floors will be occupied by office spaces. Additionally, there are dedicated parking facilities in two basements. The company unveiled Concorde Mayfair in June 2024, which spans 3.35 acres and…

CommercialLatest Stories

360 ONE Real Assets Platform Secures ₹2,300 Crore Funding

NEW DELHI: 360 ONE Asset’s real assets platform has successfully raised about ₹2,300 crore through its category II alternative investment fund (AIF) in just four months since launching its fundraising efforts. The fund focuses on infrastructure and income-generating commercial real estate. Nearly all of its committed capital has already been deployed, with the remaining expected to be invested in the upcoming months. Key deployments include partnerships with Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust, and Brookfield’s Bluegrass Business Park. The real assets platform has attracted investments from its proprietary network of UHNIs and family offices across India, bringing…

IndustryLatest Stories

Suhana Khan’s Alibaug property deal still pending, says minister

Representative AI image MUMBAI: A real estate transaction involving Suhana Khan, daughter of Shah Rukh Khan, has come under scrutiny in the Maharashtra Legislative Council. On Thursday, Shiv Sena (UBT) legislator Anil Parab raised concerns regarding the legality of the sale. Revenue Minister Chandrashekhar Bawankule confirmed in a written response that although a registered agreement exists between the sellers and Suhana, the final sale is incomplete pending government approvals. Parab inquired whether a plot in Thal village, Alibaug, previously assigned to Narayan Vishwanath Khote for agricultural purposes, was sold to Suhana without the necessary clearance from the district collector. The…

InfrastructureLatest Stories

Ludhiana’s Dhandhari C&D Plant Running, Short on Waste

Representative AI image LUDHIANA: After considerable delays due to funding issues, local opposition, objections from a ruling party MLA, and construction setbacks, the new construction and demolition (C&D) waste processing plant in Dhandhari is finally operational. However, it now faces a new challenge: insufficient waste is being delivered to the facility. The plant, intended to process C&D waste from across the city, has been active for almost a month, but the amount of waste received remains low, according to city officials. They are now exploring alternative locations to facilitate the dumping of C&D waste before it is transported to the…

IndustryLatest Stories

UP: 1,598 Hectares in Defence Corridor Now Open for Allotment

Representative AI image LUCKNOW: An additional 1,598.92 hectares of land is now available for allocation under the Uttar Pradesh Defence Industrial Corridor (UPDIC), as announced by an official spokesperson on Friday. The Defence Corridor has already allocated 977.54 hectares to 62 companies, resulting in a committed investment of ₹11,997.45 crore and creating 14,256 direct jobs. Furthermore, another 110 MoUs are in the pipeline, expected to attract nearly ₹23,000 crore and generate over 38,000 additional jobs. According to UPEIDA ACEO HP Shahi, the government has sanctioned 2,097 hectares across six nodes—Aligarh, Kanpur, Lucknow, Jhansi, Chitrakoot, and Agra—of which over 2,040 hectares…

InfrastructureLatest Stories

Six Illegal Constructions Sealed in Adarsh Nagar, Jaipur

JAIPUR: The Jaipur Municipal Corporation (JMC) has sealed six illegal constructions in the Adarsh Nagar zone as part of a special drive in areas such as Regaron Ki Kothi, Babu Ka Teeba, Dairy Walon Ki Gali, and Jawahar Nagar. Zonal deputy commissioner Rajendra Kumar noted that routine inspections revealed numerous commercial establishments and plots engaged in construction without the necessary approvals or permissions. “Given the seriousness of the violations, we sealed all six sites. Unauthorized construction not only disrupts planned development but also poses significant safety risks,” he stated. The JMC has emphasized the importance of securing proper approvals before…

Latest StoriesRegulatory

Income Tax Raids Brigade Enterprises’ Offices

Brigade Enterprises’ shares dropped by as much as 2%, reaching a day low of Rs 868.10 on the BSE on December 15. This followed the announcement that the Income Tax Department had begun search operations at its registered office and other linked locations, which took place from December 9 to December 13. In an official exchange statement over the weekend, Brigade Enterprises confirmed that it and its officers have fully cooperated with the authorities, supplying all necessary information. The company emphasized that its business operations are running smoothly without any interruptions. Currently, the stock is trading at Rs 886, with…

IndustryLatest Stories

Residents allege builder is ignoring construction rules in Bengaluru

Representative AI image BENGALURU: Residents of a gated community on Gottigere Lake Road in south Bengaluru are expressing their outrage over the disruptions caused by the construction of a new residential project nearby. They reference a 2012 Karnataka High Court ruling that bans noisy construction work after 6 PM, claiming their repeated complaints have been disregarded. “Construction has persisted for nearly six months. Our apartment complex has four blocks, and Block D suffers the most. Many senior citizens live here, yet no action has been taken by the authorities despite our continuous complaints,” stated Srinath, a resident. In June, residents…

InfrastructureLatest Stories

Chandigarh Plans Optimal Land Use for Future Development

Representative AI image CHANDIGARH: With less than 10% of Chandigarh’s land reserved for future growth, the UT administration has initiated a thorough assessment to catalog every vacant and designated plot for residential, commercial, and institutional development. This initiative aims to maximize land utilization amidst increasing demands for sustainable urban expansion. Significant parcels of land available in the UT include roughly 500 acres in Phase III of the city that remain undeveloped. A substantial portion of this is designated for residential use by the Chandigarh Housing Board (CHB), while another portion is reserved for transit-oriented development (TOD). Additionally, both acquired and…