Category: Latest Stories

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InfrastructureLatest Stories

Delhi lifts ban on power connections for unauthorized properties

NEW DELHI: Chief Minister Rekha Gupta has removed the restrictions on power connections for properties booked by the MCD due to various violations. This decision will benefit approximately 1.25 lakh families in Delhi, officials announced on Monday. The Delhi government has issued an order to provide power connections to these properties, according to a statement from the Chief Minister’s Office (CMO). Gupta highlighted that this decision is in the public interest, reflecting the government’s commitment to ensuring citizens’ rights and access to essential services under any circumstance. The power department has received numerous complaints about discoms (power companies) denying or…

Latest StoriesRegulatory

SC Delays Sahara’s Property Sale Hearing to Adani by 6 Weeks

NEW DELHI: On Monday, the Supreme Court postponed the hearing on Sahara Group’s request to sell properties to the Adani Group by six weeks. The court directed the Centre to respond to the note submitted by the amicus curiae regarding the matter. A bench comprising Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh incorporated the Ministry of Cooperation after Solicitor General Tushar Mehta informed that multiple cooperative societies formed by the Sahara Group may be impacted. Senior advocate Shekhar Naphade, acting as an amicus curiae, presented a note to the court, highlighting numerous objections regarding the properties…

IndustryLatest Stories

Bengaluru Engineers Appeal Against RERA ‘Promoter’ Order

BENGALURU: Several engineers from the Bangalore Development Authority (BDA) are urging senior officials to contest the Karnataka Real Estate Regulatory Authority (K-Rera) order issued on Nov 7, which classifies the agency as a promoter under the Rera Act. However, sources indicate that BDA chairman NA Harris is reluctant to pursue an appeal, causing unrest within the organization. A senior bureaucrat commented, “The engineers are pressing the government to file an appeal to exempt the Nadaprabhu Kempegowda Layout (NPKL) from Rera’s jurisdiction. Their primary concern is straightforward: the BDA has a history of delays. Being under Rera means they will be…

IndustryLatest Stories

Hyderabad: Interest Grows in Neopolis Kokapet Phase-III Auction

Representative AI image HYDERABAD: Over 85 developers and real estate firms are interested in the upcoming four-day e-auction for Neopolis, Kokapet Phase-3, scheduled for the third week of November. The Hyderabad Metropolitan Development Authority (HMDA) held pre-bid discussions with potential bidders and companies on Monday. HMDA plans to auction plots in Neopolis, Kokapet, and the Golden Mile layout on November 24, 28, and December 3, 5, offering two plots each day. During a nearly two-hour session, HMDA Commissioner Sarfaraz Ahmad clarified the e-auction process, compliance, zoning laws, and payment methods, addressing questions from bidders. Cushman & Wakefield highlighted Hyderabad’s robust…

Latest StoriesResidential

Stonecraft to invest ₹300 crore in Telangana township project

Representative AI image NEW DELHI: Stonecraft Group, a real estate firm, has announced an investment of Rs 300 crore for a 110-acre township project in Telangana. The company revealed plans to establish the integrated township at Yadagiri Gutta, which is expected to generate revenues up to Rs 1,100 crore. Of the 110 acres, 90 acres will feature residential plots, estimated to yield around Rs 500 crore. The remaining 20 acres will be dedicated to a Senior Living project comprising 333 independent homes, projected to earn Rs 600 crore. The overall investment for this development is set at Rs 300 crore.…

Latest StoriesResidential

CCI Projects to Invest ₹700 Cr in Mumbai Residential Tower

Representative image. NEW DELHI: Realty company CCI Projects has announced a planned investment of approximately ₹700 crore to build a luxury residential tower in the Mumbai Metropolitan Region (MMR). The firm revealed on Monday that they have launched ‘Skyleap’, which will feature 53 stories and consist of 320 apartments. This tower is part of a larger gated community, ‘Rivali Park 2’, situated along the Western Express Highway in Borivali. The project is backed by a ₹700 crore investment, with anticipated revenue exceeding ₹1,250 crore. Founded in 2000, Mumbai-based CCI Projects Pvt Ltd has successfully completed over eight towers and currently…

CommercialLatest Stories

Smartworks Leases 1.66 Lakh Sq Ft to Wolters Kluwer in Pune

NEW DELHI: Smartworks Coworking Spaces has signed a lease for 1.66 lakh sq ft with Wolters Kluwer (India) at the Marisoft campus in Kalyani Nagar, Pune. “The cohort of 1,000+ seats, which constituted about 12% of our rental revenue three years ago, has now surged to nearly 35%,” stated Neetish Sarda, founder and managing director of the company. Currently, over 30% of the company’s rental revenue is generated by enterprises operating across multiple locations. It reported a 21% year-on-year increase in revenue to ₹4,248 million, along with a 46% rise in normalized EBITDA in Q2 FY26. The company also achieved…

InfrastructureLatest Stories

Goa ODPs Land to Receive Zoning Certificates from TCP

Representative AI image PANAJI: In a move that will ease concerns for those who transformed their land under outline development plans (ODPs), the town and country planning (TCP) department has resolved to issue zoning certificates for parcels designated as settlements in the Calangute-Candolim and Arpora-Nagoa-Parra ODPs, provided they are categorized as settlements in the Regional Plan 2021. In July 2025, the Supreme Court did not grant the TCP department’s request for a stay on a high court ruling regarding the ODPs for Calangute-Candolim and Arpora-Nagoa-Parra. The high court had nullified the government’s ODPs for five villages in June, mandating adherence…

Latest StoriesRegulatory

Punjab and Haryana Bar Council Approves M3M India Directors

NEW DELHI: The privilege committee of the Bar Council of Punjab & Haryana has exonerated M3M India directors Roop Bansal and Yateesh Wahal, along with 17 lawyers representing them, from claims of bench hunting and forum shopping. In a comprehensive seven-page order issued on November 12, 2025, the Committee concluded that there was no evidence of malicious intent or any organized effort to sway case assignments. The order indicated that withdrawals, re-filings, and listings of cases are standard practice within legal proceedings. The committee’s conclusions came after a thorough examination of written submissions, affidavits, and electronic communications, as well as…

Latest StoriesRegulatory

Allahabad HC Rejects Noida Authority’s Charge on Windsor Tower

NOIDA: The Allahabad High Court has overturned a nearly Rs 12 crore demand made by Noida Authority from Windsor Corporate Tower. In a ruling delivered on October 31, Justice Prakash Padia stated that extension fees should be calculated based on the original lease premium rather than current allotment rates or location fees. The court annulled three orders — dated May 25, 2018, September 3, 2020, and January 15, 2021 — issued by Noida Authority and the state government. The court mandated that the Authority must recalculate the extension fees strictly according to the original lease agreement and reimburse any excess…