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.

IndustryLatest Stories

Uttar Pradesh: Water Bodies Required for 10-Acre Projects

Representative AI image LUCKNOW: The housing department has mandated that construction firms and individuals undertaking residential, commercial, mixed-use, or other real estate projects of 10 acres or more must allocate 1% of the land for a waterbody. This initiative aims to enhance groundwater recharge, as the water from the reservoir will be recycled for non-potable purposes like cleaning, green maintenance, and dust suppression. While existing provisions for rainwater conservation in group housing projects are present, incorporating a waterbody in the layout will facilitate water diversion and recycling for diverse daily needs. Senior officials from the department emphasized their goal of…

Latest StoriesResidential

Nayanthara Purchases ₹31.5 Crore Duplex in Poes Garden, Chennai

File Photo South Indian actress Nayanthara and her husband Vignesh Shivan have purchased a duplex apartment in the Legacy project at Poes Garden, Chennai, for ₹31.5 crore. Data from Zapkey indicates that the property was acquired from Landmark Metro Projects. The transaction valued the property at ₹21,946 per sq ft, with Nayanthara owning 90% and Vignesh the remaining share. The unit, which occupies the 4th and 5th floors, covers a super built-up area of 14,369 sq ft, with an undivided land share of 5,308 sq ft and eight covered parking slots. The market value is recorded at ₹40 crore, attracting…

InfrastructureLatest Stories

Maharashtra CM unveils ₹23,487-crore metro to Gateway of India

MUMBAI: Maharashtra Chief Minister Devendra Fadnavis unveiled significant infrastructure initiatives during the Budget 2026-27 presentation on Friday. Among these projects are plans for an underground tunnel network in Mumbai and Pune, as well as a Rs 23,487-crore metro line leading to the Gateway of India. In his Budget address to the assembly, Fadnavis indicated that the government aims to construct 1,200 km of metro lines and over 6,000 km of expressways to establish a seamless connectivity system for both passenger and freight transportation by 2047. He noted that efforts are underway for a 490 km metro network in Mumbai, Pune,…

Latest StoriesRera

Telangana RERA Lets Homebuyers Complete Stalled Projects

HYDERABAD: In a pioneering initiative in Telangana, authorities have permitted homebuyers to take over and complete stalled residential projects when builders default, leveraging the Real Estate (Regulation and Development) Act, 2016. Following directives from the Telangana Real Estate Regulatory Authority (TG RERA) and the municipal administration department, flat owners formed associations to finish the remaining construction in their projects. One project has already been completed, while another is in progress. The halted projects were initiated by Jayathri Infrastructures India Private Ltd., which had launched the ‘Jaya Platinum’ residential project in Bowrampet village, comprising 60 flats. Simultaneously, it had started the…

Latest StoriesRegulatory

Nazul Land Reclaimed by Administration in Kanpur

Representative image KANPUR: District Magistrate Jitendra Pratap Singh of Kanpur Nagar took decisive action on Friday regarding the sale of a valuable Nazul property in Civil Lines to a private builder. He issued a government re-entry order for plot no. 14/59A, Civil Lines, mandating that it be re-registered as unallocated government land. The land was valued at roughly Rs 24.77 crore according to the current circle rate. The situation came to light following a joint investigation by the sub-divisional magistrate (Sadar), the assistant officer in charge of Nazul, and the tehsildar (Sadar). They discovered that the nazul allottees had failed…

IndustryLatest Stories

ETRECA 2026 Celebrates Leaders in Residential, Commercial, and PropTech

Sure! Here’s a rewritten version of the content in a more structured format: Sr. No. Master Category Sub-Category Company Name Project Name Metro/Non-Metro Status Zone 1 Individual Lifetime Achievement Person of the Year Brigade Group M R Jaishankar, Executive Chairman, Brigade Group National 0 0 2 Residential Affordable Housing (East: Ongoing) Eden Realty Group Solaris Joka Metro Ongoing East 3 Residential Affordable Housing (West: Ongoing) Naiknavare Dwarka Metro Ongoing West 4 Jury Recognition Residential Affordable Housing (South: Ongoing) CasaGrand Casagrand Massimo Metro Ongoing South 5.1 Residential Affordable Housing (Non-Metro) Ashiyana Dream Homes Pvt Ltd Ashiyana Infinity Non-Metro Completed West 117…

InfrastructureLatest Stories

Karnataka CM: Goal is to Make Bengaluru World’s Most Liveable City

BENGALURU: On Friday, Karnataka Chief Minister Siddaramaiah unveiled several initiatives aimed at transforming Bengaluru into the “world’s most liveable city.” During the presentation of the 2026-27 Budget, he indicated that the five City Corporations under the Greater Bengaluru Authority will leverage their balance sheets to issue ‘Municipal Bonds’ for development activities. “Bengaluru is not just a city; it embodies numerous aspirations. From Nadaprabhu Kempegowda’s administration to the ongoing start-up boom, the city has preserved its distinctive identity. Our goal is to enhance Bengaluru into the world’s most liveable city,” Siddaramaiah stated. The Chief Minister announced that the development of ward…

IndustryLatest Stories

Maharashtra Budget: Urban Growth and 1,200 km Metro Plan

MUMBAI: In the Maharashtra State Budget for 2026-27, Chief Minister Devendra Fadnavis announced a significant shift in urban governance, predicting that by 2047, 70% of the state’s population will reside in urban areas while contributing nearly 80% to Maharashtra’s GDP. The plan includes an expansion of the Metro network to 1,200 km and the expressway network to over 6,000 km. Major projects in Mumbai feature Metro Line 11 (Wadala to Gateway of India), envisioned as a fully underground corridor with an estimated cost of Rs 23,487 crore. The government is also developing a “Third Mumbai,” a 200 sq km urban…

IndustryLatest Stories

Karnataka CM Advocates ‘Balanced’ Development in 2026 Budget

BENGALURU: In a historic 17th budget presented in the Assembly on Friday, Karnataka Chief Minister Siddaramaiah proposed a social media ban for children under 16. The budget also includes plans for school modernization, completion of water projects such as the Mekedatu reservoir, which has faced opposition from Tamil Nadu, and a major infrastructure initiative for Bengaluru. With a total budget outlay of Rs 4,48,004 crore, he emphasized a development strategy that harmonizes welfare programs with infrastructure investments for long-term economic change, giving rise to a unique Karnataka-specific economic framework dubbed the “11G model.” Key announcements in the budget encompass filling…

IndustryLatest Stories

Non-Tribals Prohibited from Buying Land in Garo Hills, Meghalaya

SHILLONG: Utilizing its powers under the Sixth Schedule, the Garo Hills Autonomous District Council has issued a notification preventing non-tribal individuals from purchasing or claiming land in the Garo Hills districts of Meghalaya, officials announced on Friday. However, the existing land ownership of non-tribal individuals will remain unchanged. The council’s directive aims to protect the land and traditional rights of indigenous tribal communities and to prevent the alienation of these lands to non-tribal persons. The Sixth Schedule is unique to the autonomous tribal regions of Assam, Meghalaya, Tripura, and Mizoram, ensuring their administrative autonomy. According to the notification released on…