Category: Latest Stories

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InfrastructureLatest Stories

West Bengal Plans Reuse of Treated Wastewater in Housing

Representative AI image KOLKATA: The Urban Development and Municipal Affairs Department of West Bengal has drafted a new state policy aimed at the safe reuse of treated wastewater. This initiative is designed to encourage sustainable practices in the reuse of treated water. The draft outlines that new residential housing projects, which have received environmental clearance, must incorporate systems for the maximum reuse of treated wastewater for non-potable purposes. This directive is particularly intended for multistoried buildings, gated communities, public institutions, commercial establishments, hotels, airports, and major railway stations. Stakeholders, experts, and organizations are invited to share their feedback on the…

IndustryLatest Stories

Karnataka Launches AI Kaveri 3.0 and GIS Land System in Budget 2026

NEW DELHI: Karnataka Chief Minister Siddaramaiah revealed new initiatives on Friday aimed at digitizing land records, streamlining property registration, and enhancing housing and infrastructure in the 2026-27 state Budget. The state plans to unify various land and property data through the Karnataka Land-Stack system, a GIS-based platform merging information from Bhoomi, Mojini, Kaveri, e-Swathu, and e-Asthi. This integrated database aims to deliver a consolidated digital record of land transactions, enhancing transparency in land management. The government will also introduce Kaveri 3.0, a new version of its property registration software, with an investment of ₹65 crore. This updated platform will facilitate…

Latest StoriesResidential

Discounts on Siddharth Vihar Plots & Flats in Ghaziabad

GHAZIABAD: The UP Housing Board is offering a festive-season discount of up to 15% on plots and residential units in the Siddharth Vihar township until March 31. Covering over 635 acres, the township is 30% developed, yet its prime location makes it an attractive residential area. Situated along the Delhi-Meerut Expressway, it is just a 5-minute drive from both the Ghaziabad rapid rail station and the Shaheed Sthal metro station. Last year, the board increased plot rates by Rs 6,180 per sq m, raising them from Rs 58,820 per sq m. Currently, a 100 sq m plot in the township…

CommercialLatest Stories

Charles Schwab Leases 3.45 Lakh Sq Ft Office in Hyderabad

BENGALURU: Charles Schwab, a US-based financial services firm, has leased approximately 3.45 lakh sq ft of office space in Gachibowli, Hyderabad, as part of its expansion of global capability center (GCC) operations in India. The company has secured space in Phoenix Equinox Tower 2, a commercial property owned by Phoenix IT City Private Limited, located in Hyderabad’s prime IT corridor. According to documents from Propstack, “The five-year lease, based on the escalation structure, could result in a total rental commitment of around Rs 247 crore. The agreement also includes an annual rental increase of 5%, with a security deposit of…

Latest StoriesResidential

DDA to Manage Daily Upkeep of Flats from April

NEW DELHI: In a strategic initiative to enhance flat sales, including those built before 2021, the Delhi Development Authority (DDA) will now oversee the daily maintenance of these housing complexes. The DDA will levy quarterly fees from flat owners to provide essential services such as security, maintenance of communal areas, cleaning of rooftop and water tanks, upkeep of basements, and management of electrical installations and elevators. The services will extend to minor repairs of shared spaces—like staircases, lift lobbies, and corridors—as well as maintaining water supply lines for horticulture. The DDA will continue its maintenance operations until occupancy in a…

CommercialLatest Stories

ICICI Prudential AIF Buys Pune IT Park for ₹520 Crore

An alternative investment fund managed by ICICI Prudential Asset Management Company has successfully acquired a grade-A office property in Pune as part of its initiative aimed at enhancing a portfolio of income-generating commercial real estate. The acquisition was made through the ICICI Prudential Office Yield Optimiser Fund-Series II, which purchased approximately 388,000 sq ft at Aditya Shagun Infinity IT Park in Baner, Pune, for around Rs 520 crore, according to sources familiar with the deal. The property was developed by K Raheja Group and Shagun Developers. The asset is currently leased to reputable tenants including Eaton Corporation, Accenture, and Jaguar…

IndustryLatest Stories

Hutment Sale Scam Resurfaces for HDIL

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police has uncovered an alleged housing scam involving Rs 150 crore. Home possession documents intended for approximately 1,000 residents of slum rehabilitation were reportedly sold to third-party buyers. The company at the heart of this alleged scheme is Housing Development and Infrastructure Ltd (HDIL) Group. The EOW investigation suggests that top executives of HDIL might be involved, although the firm’s lawyers have refuted this claim to Mirror. The EOW filed its chargesheet on Thursday, naming HDIL promoters the Wadhwans and their associates while also awaiting the Slum Rehabilitation Authority’s (SRA) feedback…

Latest StoriesRegulatory

Ludhiana Issues Notices to Builders Over Unapproved Constructions

Sure! Here’s a rewritten version of your content: Representative Image LUDHIANA: In a strong move against unregulated development, the Greater Ludhiana Area Development Authority (GLADA) has issued warnings to owners of unauthorized constructions. This action is part of a broader initiative targeting structures that do not comply with official building regulations. Recently, a notice was issued to a property owner for carrying out commercial activities and exceeding the sanctioned building limits as per the permit granted on April 19, 2024. Another notice followed due to a serious structural violation where the owner constructed a basement along with four additional floors,…

Latest StoriesRera

11% Interest from March 2021 Until Handover: Haryana RERA to Burman Estate

GURUGRAM: Five years later, the Haryana Real Estate Regulatory Authority (HRera) has ordered a developer to compensate two allottees for delays in possession, citing the promoter’s failure to deliver within the agreed timeline. Rera member Phool Singh Saini issued the directive against Burman Estate Pvt Ltd, responding to a complaint from South Extension residents Nidhi Aggarwal and Deepak Aggarwal regarding the delayed handover of a serviced apartment in the Gurgaon Spectrum Centre project, which was due for possession by March 15, 2021. Rera has mandated the developer to pay interest for the delayed possession at a rate of 10.80% per…

Latest StoriesRegulatory

NGT Orders Ghaziabad DM to Clear Lakefront Residential Colony

GHAZIABAD: The National Green Tribunal (NGT) has identified a portion of land in Pasunda village, Loni, previously documented as a lake in revenue records, where a residential project is being developed. The tribunal has ordered the district administration to eliminate encroachments and safeguard the waterbody. An NGO, Society for Voice of Human Rights and Justice, filed the case, claiming illegal conversion of the lake into a residential colony. The petition referenced alterations in land mutation for development by Mahalaxmi Land and Finance Company involving survey numbers 1564 and 2476. The petitioner stated that approximately 0.961 hectares of land under revenue…