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Latest StoriesResidential

Purchase Devpur Para Scheme Booklet by November 30

LUCKNOW: The registration booklet for the Atal Nagar Housing Scheme by the LDA in Devpur Para will be accessible until November 30. With only three days remaining, the LDA announced on Thursday that only those who purchase the booklet can complete their registration on the LDA website by December 2. As of Thursday evening, 4,393 individuals have registered for the scheme. According to LDA Vice Chairman Prathamesh Kumar, Atal Nagar comprises 2,496 flats spread across 15 towers, ranging from 12 to 19 floors. Out of these, 1,832 are one-bedroom units and 664 are two-bedroom units, varying from 30 to 54.95…

Latest StoriesRegulatory

Madras HC Sends Notice to Govt on Madurai Metro DPR

Representative AI image MADURAI: The Madras High Court has issued notices to the Centre, state authorities, and Chennai Metro Rail Limited (CMRL) regarding a petition urging the state government to revise and resubmit the detailed project report (DPR) for the Madurai Metro Rail project for reevaluation. A division bench, comprising Justice Anita Sumanth and Justice C Kumarappan, heard the public interest litigation presented by A V Kathir, a first-year law student from Madurai. The petitioner emphasized that over the last two decades, Madurai has evolved into one of the fastest-growing urban centers in Tamil Nadu. The city is now home…

CommercialLatest Stories

BHIVE Signs Lease for 15,000 sq ft in Jayanagar, Bengaluru

NEW DELHI: BHIVE Workspace has secured a lease for 15,000 sq ft of office space in Jayanagar 4th Block, Bengaluru, from Garuda Group. This marks the second partnership between the two companies, following the establishment of Garuda BHIVE Workspace at BTM Campus. The new center will provide flexible seating options, private offices, and managed office solutions, accommodating over 650 seats at an average rent of ₹8,500 per seat per month. “Currently, the center is about 40% occupied, and we anticipate reaching 90% occupancy within the next six months,” stated Shesh Rao Paplikar, founder & CEO of the company. BHIVE Workspace…

Latest StoriesResidential

Ratan Tata’s Seychelles Beach Villa for Sale

Representative AI image MUMBAI: The beachfront villa of the late industrialist Ratan Tata in Seychelles is currently on the market. The former chairman of Tata Group left his property on Mahe, the largest island of the archipelago, to RNT Associates, his Singapore-based fund supporting Indian startups, as specified in his will. Valuators appointed by the will’s executors estimated the property at a modest Rs 85 lakh. According to sources, Aircel founder C. Sivasankaran and his family have expressed interest in acquiring the property for $6.2 million (approximately Rs 55 crore). When approached by TOI, Sivasankaran commented, “I don’t know what…

Latest StoriesRegulatory

Nagpur to Auction 113 Properties for ₹1.9 Cr Tax Recovery

NAGPUR: The Nagpur Municipal Corporation (NMC) plans to auction 113 properties valued at Rs 141 crore to recover unpaid dues of Rs 1.9 crore from tax defaulters. Despite multiple notices and public announcements, these defaulters have yet to settle their arrears. According to the property tax department, the largest outstanding amount is Rs 21.78 lakh for 24 properties in Sitabuldi and Lendra Park. Additionally, Rs 1.20 crore is owed across 48 properties in areas such as Zingabai Takli, Gorewada, Indora, Borgaon, and Mankapur. Other notable dues include Rs 14.43 lakh from 12 properties in Ajni, Somalwada, and Khapri; Rs 13.28…

IndustryLatest Stories

17 Tall Buildings Approved in Ahmedabad Over Last 2 Years

Here’s a rewritten version of the content: Representative AI image AHMEDABAD: The Standing Committee of the Ahmedabad Municipal Corporation (AMC) convened on Thursday to evaluate the construction proposals for towers exceeding 70 meters in height within the city. Over the past two years, the AMC has approved development permits for 17 tall buildings, generating an income of ₹250 crore. All 17 structures are located exclusively in the western part of the city and will comprise a total of 2,000 residential and 2,300 commercial units. The AMC’s town development department has already issued the Building Use (BU) certificate for one tower,…

Housing FinanceLatest Stories

Can Fin’s Growth Journey Expands in the North

Can Fin Homes has seen its stock rise nearly 22% in the last three months, with a 10% increase following the announcement of its second-quarter results on October 18. Over the same period, the BSE Financial Services index has gained more than 9%, with a 2% increase since October 18. The housing finance company expects to boost its Assets Under Management (AUM) growth to over 15% in FY27, compared to an anticipated 12% for the current fiscal year. This growth will be driven by an expansion in Northern regions and a recovery in its current markets in the South. In…

Latest StoriesResidential

Mumbai: Builder Demolishes Society Using Illegal Explosives

Representative AI image MUMBAI: A sense of panic gripped Sahyog Nagar in Andheri West on Thursday morning after allegations arose that the New Vikas Co-operative Housing Society was demolished without adhering to BMC guidelines. Residents reported that the developer allegedly used prohibited explosives, creating an explosion-like sound and a massive dust cloud that enveloped the neighborhood. According to local residents, the demolition occurred around noon on November 26, without any standard safety measures in place. They accused the developers of using banned explosives, posing a grave risk to the densely populated area. Parag Motani, a Shastri Nagar resident, was at…

Latest StoriesRegulatory

SC Directs ED to Release V Hotels Assets to Lodha Developers

NEW DELHI: The Supreme Court has ordered the Enforcement Directorate (ED) to unfreeze 12 properties of corporate debtor V Hotels Ltd, which includes land in Maharashtra valued at approximately ₹4,000 crore. This decision marks a significant victory for Lodha Developers, which acquired V Hotels through the insolvency resolution process last year. Among the assets to be released is Mumbai’s prestigious Centaur Hotel located in Juhu. Lodha Developers, previously known as Macrotech Developers, acquired V Hotels via a ₹890-crore resolution plan sanctioned by the National Company Law Tribunal (NCLT) in April of last year. The company had deposited ₹520.80 crore as…

Latest StoriesRera

Haryana RERA reinstates flat, orders MRG Infrabuild to pay 10.9% interest

Sure! Here’s a rewritten version of your content: GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has overturned the cancellation of a flat in an affordable housing project located in Sector 89. The authority has ordered the developer, MRG Infrabuild, to reinstate the unit and compensate for delays at a rate of 10.9% per annum. The authority’s findings indicated that the builder failed to adhere to legal timelines and wrongfully cancelled the unit, despite the buyer having paid more than the total sale price. The issue revolves around a flat in The Meridian project, which was allotted to Amit Kumar…