Category: Latest Stories

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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…

IndustryLatest Stories

Umiya Buildcon Buys 20,000 Sq Ft in Bengaluru CBD

Representative AI image NEW DELHI: Umiya Buildcon has acquired a 20,000 sq ft plot in Bengaluru’s central business district (CBD), located off Cunningham Cross Road, for a residential development. The site offers a built-up potential of approximately 55,600 sq ft, and, upon completion, the project is anticipated to contribute nearly ₹200 crore to Umiya’s financial standing. The acquisition coincides with a period of projected steady growth in Bengaluru’s residential market. A recent analysis by ICRA indicates that the city’s housing market is set to see a 3–5% increase in area sold in FY2026, primarily driven by sustained demand in mid-income…

IndustryLatest Stories

RIICO Invites Applications for Industrial Land Use Changes in Rajasthan

JAIPUR: Following its board’s announcement in October regarding the change of land use in industrial areas, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has invited applications from industrial plot allottees seeking approval for alterations in the permitted activities on their plots. This initiative aims to make land use in industrial zones more practical, transparent, and in tune with contemporary industrial demands. Applicants will need to pay additional fees for the approval. Recently, RIICO launched an online portal allowing industrial plot holders interested in changing their activity to submit applications along with necessary documentation and a non-refundable fee of…

InfrastructureLatest Stories

PCMC to unveil red zone map for defense areas next week

Representative AI image PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) is set to release a red zone map within a week, identifying areas where construction is not allowed near the ordnance depot on Dehu Road and the magazine depot in Dighi. This initiative aims to clarify the status for nearly 4,000 property owners in proximity to these defense facilities. The map was submitted to defense authorities on Tuesday for review to ensure sensitive installations are excluded from the public version, according to a senior civic official. “We expect to receive feedback in four to five days, after which the map…

IndustryLatest Stories

Tata Realty & DBS Bank India ink ₹1,280 crore green loan

Representative AI image NEW DELHI: Tata Realty & Infrastructure (TRIL) in collaboration with DBS Bank India has secured a green loan facility worth ₹1,280 crore. In this transaction, DBS Bank India served as the sole advisor and green loan coordinator. The loan has been obtained by a special purpose vehicle (SPV) focused on developing Intellion Park in Gurugram. As India’s real estate sector expands, ESG-linked and climate-focused financing tools are becoming increasingly vital. A new white paper from Sundaram Alternates indicates that the real estate market is responsible for nearly 40% of global energy-related CO₂ emissions, underscoring the importance of…

IndustryLatest Stories

Mt K Kapital Unveils $450M Real Estate Fund for Major Cities

NEW DELHI: Mt K Kapital, a real estate investment management firm, has launched its second fund with a target of USD 450 million. This fund receives backing from both general and limited partners. The firm’s objective with this new fund is to invest in projects during the acquisition stage, focusing on locations such as Mumbai, NCR, Pune, and Bengaluru. The target for fund deployment is set for early 2026. Boman Irani, CMD of Rustomjee Group, remarked, “The initial fund, a ₹790 crore MMR-focused initiative, has set a precedent in underwriting, project oversight, and investor relations.” Published On Nov 27, 2025…

IndustryLatest Stories

HDFC Capital, Hero Realty Launch ₹1,000 Crore Housing Fund

Representative AI image NEW DELHI: HDFC Capital Advisors, the private equity arm of HDFC Group, has launched a ₹1,000 crore platform in collaboration with Hero Realty, the real estate division of Hero Enterprise, aimed at developing housing projects in tier-I and tier-II cities across India. Currently, Hero Realty is working on five projects with a total potential of 6.4 million sq ft, along with an additional eight million sq ft in five projects planned for the future. Vipul Roongta, MD & CEO of HDFC Capital, stated, “This partnership will facilitate housing development in well-connected towns that serve as extensions of…

CommercialLatest Stories

Sunaina Rakesh Roshan Acquires ₹6.42 Crore in Mumbai Units

Representative image NEW DELHI: Sunaina Rakesh Roshan has acquired two commercial units in Vaidya West World One Aeropolis, Andheri East, Mumbai, totaling ₹6.42 crore. The first property costs ₹3.16 crore, featuring a carpet area of 113.06 square meters (1,217 sq. ft.), and includes two car parking spaces. According to property registration documents from the Inspector General of Registration (IGR), the transaction incurred a stamp duty of ₹18.98 lakh and registration charges of ₹30,000. The second unit, valued at ₹3.26 crore, offers a carpet area of 116.50 square meters (1,254 sq ft) and also comes with two parking spots, involving a…

InfrastructureLatest Stories

Panchkula launches C&D waste policy for debris clearance

Representative AI image PANCHKULA: To tackle the increasing issue of construction and demolition (C&D) waste dumped across Panchkula, the municipal corporation has developed a detailed management plan. The corporation is in the process of hiring an agency tasked with the loading, collection, transportation, and unloading of the waste at a designated site in Jalouli village, responding to complaints from both bulk and non-bulk waste generators based on predetermined charges. The agency will handle public complaints and collect waste from various locations in the city. The total estimated cost of the contract is Rs 2.13 crore for one year, with the…

Latest StoriesResidential

Dehradun: Kathbangla Residents Fight MDDA Eviction, Cite Safety

DEHRADUN: Residents of Kathbangla colony protested outside the Dehradun Municipal Corporation (DMC) office on Wednesday after the Mussoorie Dehradun Development Authority (MDDA) issued eviction notices to 116 families. They claim that the rehabilitation flats offered to them are unsafe, as they are located near the riverbed. Karishma, a domestic worker, expressed concerns stating, “The flats are closer to the river than my current home, which is far from it and has had an electricity connection since 2012.” Another protester, Maya Devi, criticized the condition and size of the rehabilitation building, saying, “It was in ruins for ten years, and after…