Category: Latest Stories

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Latest StoriesResidential

Central Park invests ₹2,000 crore in Dwarka Expressway project

NEW DELHI: Central Park is set to invest ₹2,000 crore in a new residential project named Delphine along the Dwarka Expressway. Funding will come from internal accruals and capital finance. The project will span 7.85 acres in Sector 104, Gurugram, and will be developed in three phases, with construction anticipated to start in 2026 and completion expected by 2032. The development will be managed in-house. The high-rise complex will feature six towers, including serviced studio and one-bedroom apartments, as well as 3BHK and 4BHK units. The company forecasts sales revenue of approximately ₹3,500 crore from this project. Pricing for studio…

InfrastructureLatest Stories

Action Taken on Illegal Constructions in Jamshedpur, Dhanbad

Representative Image JAMSHEDPUR | DHANBAD: Officials from the Jamshedpur Notified Area Committee (JNAC) have announced that buildings constructed in violation of approved plans will be demolished, and fines imposed on the owners if the unauthorized structures are not voluntarily removed. JNAC Deputy Municipal Commissioner (DMC) Krishna Kumar stated, “On Saturday, two homeowners on Thakurbari Road in Sakchi were fined ₹27,500 for setbacks violations, with notices issued under the Jharkhand Municipality Act 2011. They have been instructed to demolish the illegal constructions within the specified timeframe.” If the illegal structures are not removed, the civic body will seal them, Kumar added,…

IndustryLatest Stories

Pune Civic Body Hits Revenue Loss as State Halts Tax Recovery

PUNE: The civic body that faced revenue losses in the 2024-25 fiscal owing to ongoing legal disputes regarding property tax in merged areas might encounter the same challenges in the 2025-26 financial year, as the state government maintains its ban on tax recovery. In 2024, the state mandated a halt to property tax collection from merged regions and ordered the Pune Municipal Corporation (PMC) to limit property tax to no more than twice the rates previously set by the grampanchayats, following complaints from residents of the newly integrated areas about high civic taxes. The absence of specific regulations within the…

Latest StoriesRegulatory

Delhi HC forms panel to accelerate industrial redevelopment and reduce Yamuna pollution.

NEW DELHI: The Delhi High Court has formed a three-member committee to expedite redevelopment initiatives for industrial regions and ensure effective treatment of wastewater flowing into the Yamuna River. This action follows the court’s concerns about the ongoing pollution issues, particularly the delays by agencies responsible for managing industrial waste. The committee will include delegates from key organizations, namely the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), Delhi Pollution Control Committee (DPCC), and Delhi Jal Board (DJB). During the hearings, the court criticized the government’s inaction and warned of potential adverse rulings against responsible agencies. Last month, senior officials…

CommercialLatest Stories

Rakesh Roshan and wife purchase 5 Mumbai units for ₹19.68 crore

NEW DELHI: Rakesh Roshan and his wife, Pramila, have acquired five commercial units in Vaidya West World One Aeropolis, Andheri East, Mumbai, for a total of ₹19.68 crore, based on property registration documents from the Inspector General of Registration (IGR) obtained by Square Yards. All transactions occurred in November 2025. The first property, priced at ₹3.27 crore, has a carpet area of 116.96 sq meters (1,259 sq ft) and includes two parking spaces. It incurred a stamp duty of ₹19.64 lakh and registration fees of ₹30,000. The second property, valued at ₹2.83 crore, has a carpet area of 101.17 sq…

IndustryLatest Stories

County Group Buys 5 Acres in Noida’s Sector 151 for ₹473 Cr

NEW DELHI: The NCR-based County Group has acquired a five-acre land parcel in Sector 151, Noida, for approximately ₹473 crore. This land was obtained through an auction organized by the state government. The company intends to develop a low-density project featuring only 226 residential units, distributed across three apartment sizes, totaling an area of 1.1 million sq ft. Published On Nov 24, 2025 at 12:00 PM IST Join over 2M industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Get all the ETRealty industry updates right on your smartphone!

InfrastructureLatest Stories

Chandigarh to Launch Land Stack Project in Sector 9, Khudda Jassu

CHANDIGARH: The Government of India (GoI) has designated Chandigarh and Tamil Nadu to conduct trials for its national Land Stack Project, which aims to establish a comprehensive digital platform for land and property records. The Chandigarh administration has selected the affluent Sector 9 and Khudda Jassu village as pilot areas for this initiative. Both locations were thoroughly discussed and approved by the Centre in a meeting held on Friday, with minor adjustments suggested. In its presentation, the administration highlighted integrated land data for the chosen areas, encompassing details like ownership, master plans, cadastral maps, registration records, property tax details, electricity…

Latest StoriesResidential

Delhi to Revamp Circle Rates for Market-Aligned Property Valuation

Sure! Here’s a rewritten version of the content: NEW DELHI: The Delhi government is preparing for a significant overhaul of circle rates, the first in over ten years, aimed at aligning property values with actual market rates. Key proposals under consideration include creating a new A+ category for ultra-premium areas of Lutyens’ Delhi, revising farmhouse valuations comprehensively, implementing location-based pricing, and establishing a review system to align rates with market shifts. A senior official indicated that stakeholders suggested the A+ category because various localities in Lutyens’ Delhi, where property prices significantly exceed the highest notified rates, currently fall under Category…

Latest StoriesRegulatory

Bengaluru Homebuyers Appeal to NHRC on Apartment Law Delay

BENGALURU: The Karnataka Home Buyers Forum has approached the National Human Rights Commission (NHRC), claiming that the state’s ongoing delay in implementing its new apartment ownership law is infringing on the life, liberty, equality, and dignity of countless homebuyers. In a letter to NHRC chairperson Justice V Ramasubramanian, the forum—representing various buyers’ associations since 2021—reported that critical state government departments have recognized the need for updated legislation for over a year but have yet to announce the Karnataka Apartment Ownership & Management Act, 2025. This inaction has hindered buyers from registering their associations, managing common areas, or securing essential ownership…

IndustryLatest Stories

Tishman Speyer, Axis CRE Partner with Kasturi for ₹1,700 Cr Pune Project

Global real estate investment, development, and management firm Tishman Speyer, along with Axis Commercial Real Estate Fund, has formed a strategic alliance with Kasturi Housing to launch a commercial and IT office project valued at ₹1,700 crore in Pune’s Balewadi region. This collaboration will yield approximately 1 million sq ft of premium office space, with Tishman and Axis holding a joint 50% stake while Kasturi Housing retains the rest. “Our partnership with Kasturi Housing and Axis AMC marks a significant expansion in India,” stated Parvesh Sharma, MD & country head of Tishman Speyer India. “The Pune project is a crucial…