Category: Latest Stories

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IndustryLatest Stories

Omaxe repays ₹80 crore loan to SWAMIH fund

Representative AI Image NEW DELHI: Realty firm Omaxe Group has repaid ₹80 crore in loans, including interest, to the government-backed stress fund, SWAMIH. Omaxe announced on Tuesday that it had fully repaid the loans secured from the SWAMIH fund for projects in New Chandigarh and Prayagraj. The SWAMIH (Special Window for Affordable and Mid-Income Housing) fund had approved ₹168.80 crore for ‘The Lake’ project in New Chandigarh and ₹60.40 crore for the ‘Omaxe Shiva’ series in Prayagraj. Omaxe stated that against the total sanctioned amount, it only drew ₹70 crore but repaid approximately ₹80 crore, including interest. In New Chandigarh,…

CommercialLatest Stories

Bengaluru to Add 25M Sq Ft Office Space in H2 FY27: ICRA

NEW DELHI: Bengaluru is set to see approximately 25 million sq ft of new office space coming online in the latter half of FY27, with about 25% already pre-leased. Despite a forecast of 16-17 million sq ft of new space for FY26 and FY27, occupancy rates are expected to reach 91-91.5% by March 2026 and 92-92.5% by March 2027, driven by ongoing leasing activity, according to ICRA’s latest report. In FY25, the city reported 16.3 million sq ft of fresh Grade-A office supply, alongside 8.4 million sq ft in H1 FY26, compared to net absorption figures of 18.4 million sq…

InfrastructureLatest Stories

Gaya: Rapidly Transforming into a Concrete Jungle

Representative AI image GAYA: As the anticipation for Gaya’s master plan continues, the city is rapidly evolving into a concrete jungle, leaving its nearly six lakh residents without essential facilities such as effective drainage, well-constructed roads, and attractive urban planning. The last master plan, according to long-time residents, was established in the 1960s and has been expired for over twenty years. Since then, the people of Gaya have been waiting for a new strategic framework for the city’s development. Lalji Prasad, a former municipal corporator, noted that in 2015, the Gaya Municipal Corporation (GMC) area saw a significant increase, integrating…

IndustryLatest Stories

HDFC Capital Invests ₹20 Crore in Earth Fund by Brigade & Gruhas

NEW DELHI: HDFC Capital has formed a partnership with Brigade Enterprises and Gruhas PropTech LLP. This collaboration sees the company acquiring a minority stake in Zoiros Projects and investing ₹20 crore into the Earth Fund. The Earth Fund is dedicated to supporting early-stage ventures that are transforming the built environment. Vipul Roongta, CEO of HDFC Capital, stated, “Launched in 2019, HDFC Capital’s H@ART platform aims to invest in, mentor, and collaborate with companies focused on enhancing efficiencies. Our alliance with Earth Fund is a natural progression of this purpose.” Published On Dec 2, 2025 at 09:07 AM IST Join 2M+…

Latest StoriesRegulatory

Ghaziabad Extends Property Tax Rebate Deadline to December 31

GHAZIABAD: The municipal corporation has extended the deadline for the property tax rebate to December 31st from October 31st. Consumers can now benefit from a 20% rebate on property tax until this new deadline. After December, the rebate will decrease by 10%, available for another month. In January and February 2026, a 5% rebate will apply. Following this period, no rebates will be provided, and those paying property tax after March 2026 will incur fines for defaults. This marks the second extension of the deadline by the GMC amidst an ongoing court case in the Allahabad High Court concerning a…

Latest StoriesRegulatory

ED Seizes 500K+ Sq M of Property in North Goa’s Key Areas

PANAJI: On Monday, the Enforcement Directorate (ED) in Panaji provisionally attached 19 properties covering over five lakh square meters in prime locations across Goa, including Anjuna, Assagao, and Ucassaim. The properties, valued at Rs 1,268.6 crore, were seized under the Prevention of Money Laundering Act (PMLA), 2002, amid an ongoing investigation into alleged land grab activities in the state. “The properties were unlawfully obtained by a group led by Shivshankar Mayekar through the use of forged land title documents, such as ‘aforamento’/allotment certificates, final possession certificates, demarcation certificates, historical sale deeds, gift deeds, and other falsified records,” the ED stated.…

Latest StoriesResidential

Bhubaneswar: Plot Handover in Vasudev Vihar Delayed for Buyers

Representative AI image BHUBANESWAR: Progress in handing over the plots in the Vasudev Vihar scheme has been slow, with the Odisha State Housing Board (OSHB) yet to finish their development. In April 2022, OSHB, a state agency under the housing and urban development department, advertised the property comprising 166 plots of various sizes in Jagannathpur mouza, with bookings concluding in May 2022. The allotment procedure, initiated through a lottery system, was expected to conclude by December 2023, although the handover has yet to occur. Many buyers, primarily retired government employees, are eagerly waiting to take possession of the plots where…

InfrastructureLatest Stories

Hyderabad: GHMC Plans to Double Wards to 300

Representative AI image HYDERABAD: The proposed merger of 27 municipalities into the Greater Hyderabad Municipal Corporation (GHMC) signals a substantial overhaul of the city’s administrative framework. Current plans could see the existing 150 wards, covering 650 sq km, expanding to nearly 300 wards across over 2,000 sq km, according to sources from the civic body. If implemented, the GHMC would become India’s largest municipal body by area (2,053 sq km) and the biggest elected municipal body in the country. The current largest is the Municipal Corporation of Delhi (MCD) with 250 wards, followed closely by the Brihanmumbai Municipal Corporation (BMC)…

Latest StoriesRera

Mohali: 10-Year Wait Ends as RERA Orders Developer to Deliver SCO

MOHALI: In a significant development for buyers who have been waiting nearly a decade, the Real Estate Regulatory Authority (RERA) of Punjab has ordered a private developer to hand over possession of a commercial shop-cum-office (SCO) in Sunny Enclave, Sector 124, Mohali. The ruling was prompted by a complaint from two residents of Mohali, Santosh Machagalath Krishnan and Nisha Puliyoth Nandanan of Sector 125, who claimed they had paid the full cost of the unit and completed all necessary paperwork, yet had not received physical possession. The complainants had booked SCO no. 178, spanning 62.22 square yards in High Plaza…

Latest StoriesRera

Odisha REAT Ensures Homebuyer Rights in Realty Dispute

BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals from a public sector bank that sought to auction a real estate project in the city, where buyers have made significant investments. The bank’s appeal challenged a prior ruling from the Odisha Real Estate Regulatory Authority (ORERA) after the project promoters defaulted on loan repayments. The tribunal concluded that by initiating auction proceedings under the SARFAESI Act, 2002, the bank “stepped into the shoes of the promoter” and is required to assist in completing the halted housing project. This dispute originated from two separate complaints lodged by allottees of…