Category: Latest Stories

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InfrastructureLatest Stories

Tambaram’s Water Crisis: Solutions to Quench Thirst

Representative AI image Tambaram transitioned to a municipal corporation five years ago, yet its water supply system remains inadequate. In several areas, water access is limited, and even where it is available, factors such as insufficient overhead tanks and uneven pipeline distribution create challenges, leaving many neighborhoods thirsty. As per the 2011 census, the Tambaram City Municipal Corporation serves approximately 723,000 residents. Over 14 years later, real estate experts estimate the population has surpassed 1 million. Next year, 19 neighboring village panchayats, including Agaramthen, Medavakkam, Kovilambakkam, Mudichur, and Perumbakkam, will be integrated into the corporation, doubling its area from 84.7…

Latest StoriesRegulatory

Hyderabad: ED Raids Bhuvan Teza Infra in Flat Scam Probe

HYDERABAD: The Enforcement Directorate executed searches at six sites associated with Bhuvan Teza Infra Projects Private Ltd on Wednesday, as part of an ongoing money laundering investigation connected to a pre-launch flat scam previously identified by the Central Crime Station (CCS). In the case reported by CCS, Bhuvan Teza Infra’s director, Chekka Venkata Subrahmanyam, is accused of collecting crores of rupees from buyers for ‘Happy Homes’ flats in Shamirpet, under pre-launch offers, yet failing to deliver the properties or refund the money. Investigators uncovered that many other customers were similarly deceived. A case filed by the Economic Offences Wing (EOW)…

Latest StoriesRegulatory

Bombay HC Questions Police Protection for Parth Pawar in Land Deal

MUMBAI: The Bombay High Court on Wednesday raised significant concerns about the police investigation into a controversial land deal in Pune, hinting that authorities may be protecting Parth Pawar, son of Deputy Chief Minister Ajit Pawar, by leaving him out of the FIR. A single judge bench led by Justice Madhav Jamdar questioned the prosecution while considering the pre-arrest bail application of businesswoman Sheetal Tejwani, one of the accused in the case. Justice Jamdar pointed out that Parth Pawar, a major stakeholder in the involved firm, was not mentioned in the FIR, directly asking, “Is the police shielding the son…

IndustryLatest Stories

Ahmedabad Upgraded to High-Risk Quake Zone; Realty Faces 25% Cost Hike

Representative AI image AHMEDABAD: The Bureau of Indian Standards (BIS) has announced a major revision in the seismic zoning for states across India, elevating Ahmedabad to a higher seismic risk category. The city’s classification has been upgraded from Zone III to Zone IV, a change that will affect the structural design of all new buildings approved after May 2026. Sources indicate that the new classifications will come into effect on May 3, 2026. Structural engineers will need to ensure buildings can withstand stronger earthquake forces, likely leading to an increase in material usage. Industry experts anticipate a 20-25% rise in…

Latest StoriesRera

Jammu & Kashmir RERA Introduces Single Window for Approvals

JAMMU: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has proposed a single-window system to streamline approvals and registrations while establishing district-level enforcement cells to enhance monitoring and enforcement of violations throughout the Union Territory. Implemented in Jammu and Kashmir in 2018, RERA began operations in January 2024 with the aim of regulating the real estate market, enhancing project transparency, protecting consumer rights, and creating a mechanism for swift dispute resolution. A senior official stated, “To tackle various challenges, JKRERA proposed clearer authority definitions in rural areas, the creation of a Single Window System for integrated approvals and registrations,…

Latest StoriesRegulatory

SC Expects SIT to Investigate Past Noida Authority CEOs

NEW DELHI: The Supreme Court announced on Wednesday that the Special Investigation Team (SIT) it formed to investigate inflated compensation payments to farmers—allegedly involving collusion among NOIDA officials—must also look into the actions of chief executive officers and others leading the authority for the past 10-15 years. A bench consisting of Chief Justice Surya Kant, Justice Ujjal Bhuyan, and Justice N Kotiswar Singh has extended the SIT’s investigation period by an additional two months. Solicitor General Tushar Mehta, representing NOIDA, expressed his intention to submit an affidavit outlining the authority’s stance on the matter. The court clarified that farmers receiving…

IndustryLatest Stories

Mumbai: MHADA Calls for Online Tenders for 16 Plots

Representative AI image MUMBAI: The Mumbai Housing and Area Development Board, part of the Maharashtra Housing And Area Development Authority, has reissued online tenders for 16 amenity plots after the initial bid failed to attract any responses. These plots are situated within various Mhada layouts across Malad-Malvani, Goregaon (Unnat Nagar), Kandivli (Charkop), Vikhroli (Tagore Nagar and Kannamwar Nagar), as well as in Gorai, Akurli, Vinoba Bhave Nagar (Kurla), and Mulund (East). The sizes of the plots vary from 32 sq m to 7,160 sq m. Out of the 21 plots available, six in Malad-Malvani are designated for schools, colleges, hospitals,…

CommercialLatest Stories

Brookfield India REIT Secures ₹3,500 Crore for Growth, Debt Relief

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has successfully raised ₹3,500 crore through a qualified institutional placement (QIP) of units, representing one of the largest capital raises by an Indian REIT. The offering, which commenced on December 10, 2025, saw demand surpass three times the available amount. According to the disclosure, the REIT garnered over ₹10,900 crore in demand from both domestic and foreign institutional investors, resulting in the allotment of 10.94 crore units under the QIP. The funds raised will be utilized for portfolio expansion, including the planned acquisition of Ecoworld, a 48-acre, 7.7 million sq…

IndustryLatest Stories

India’s SM REIT Market to Exceed $75 Billion: CBRE

Illustrative AI image NEW DELHI: The market for India’s small and medium real estate investment trusts (SM REITs) has the potential to surpass USD 75 billion, supported by over 500 million sq ft of qualifying office, logistics, and retail assets, as highlighted in a report by CBRE South Asia. SM REITs, which were introduced under SEBI’s regulatory framework in 2024, facilitate fractional ownership of income-generating properties typically valued between ₹50 crore and ₹500 crore, allowing smaller investors to engage in commercial real estate. CBRE indicates that this segment could enhance the institutional framework for mid-sized assets and promote increased transparency,…

InfrastructureLatest Stories

Eviction Drives by Bhubaneswar Body in Patia, Kalarahanga

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) ramped up its efforts to reclaim government land from encroachers by conducting consecutive anti-encroachment drives in the Patia and Kalarahanga regions. On Monday, during the demolition operation in Patia, officials dismantled a 50-foot boundary wall and various concrete structures, successfully reclaiming 50 decimals of land. The significance of the Patia drive was underscored by the illegal occupation of the right-of-way for Patia College Road, which had been disrupting daily traffic. Authorities expect commutes to improve as a result. In Kalarahanga, officials took down two under-construction shops and two water tanks, freeing up an additional…