Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

CommercialLatest Stories

Standard Chartered Sells BKC Office in Mumbai for ₹197 Crore

MUMBAI: Standard Chartered Bank has divested one of its commercial properties in the Parinee Crescenzo tower located in Mumbai’s Bandra Kurla Complex (BKC) to Advanced Realty for ₹197 crore. The office boasts a chargeable area of 28,516 sq ft and a carpet area of 27,003 sq ft, including 27 parking slots. This sale translates to approximately ₹69,084 per sq ft on the chargeable area. The transaction was officially recorded on February 2, 2026, according to documents obtained via the real estate data analytics platform Propstack. The commercial tower currently accommodates a variety of multinational corporations, banks, financial service companies, and…

IndustryLatest Stories

Bengaluru to Reduce Penalties for Vacant Sites Citywide

BENGALURU: The Bangalore Development Authority (BDA) is considering a reduction in penalties for allottees who have left their residential plots vacant for years. This decision comes after the authority recognized that the current flat-rate penalty system has not been effective. During a recent governing council meeting, officials acknowledged that the existing 10% penalty, linked to market values, has failed to incentivize site owners to either pay or begin construction. Many beneficiaries have ignored demand notices, prompting the BDA to explore a more practical and graded penalty structure. Under the proposed changes, beneficiaries who build homes within five years of receiving…

Latest StoriesResidential

Gurugram’s Malibu Towne Club Closed, Residents Want Reopening

Sure, here’s a rewritten version of the content: — GURUGRAM: Residents of Malibu Towne are urging the Department of Town and Country Planning (DTCP) to lift the seal on Malibu Towne Country Club, which has been closed for nearly two years due to compliance issues from planning authorities. The 204-acre township, established in the mid-1990s in Sector 50, relied on the club for amenities such as a swimming pool, gardens, and spaces for community events—facilities residents have greatly missed since the closure. Vijay Shiv Nath, chairman of the Malibu RWA Federation, explained that the club was closed after the authorities…

Latest StoriesResidential

Delhi slum dwellers hope for better housing as 18,000 flats revamp.

NEW DELHI: Residents in ‘jhuggi-jhopri’ (JJ) clusters are set to benefit from improved living conditions as the Delhi government partners with the National Buildings Construction Corporation Limited (NBCC) to refurbish approximately 18,000 flats and upgrade civic infrastructure across multiple clusters. An official from the Delhi Urban Shelter Improvement Board (DUSIB) stated that both DUSIB and NBCC will commence repair and refurbishment works for the dilapidated flats plagued by poor maintenance, structural damage, and insufficient facilities. “The focus will be on renovating existing flats and enhancing basic infrastructure within the clusters. About 18,000 flats have been earmarked for repairs,” the official…

IndustryLatest Stories

Telangana Considers Major Updates to Building Regulations

HYDERABAD: The Telangana government is contemplating a series of revisions to building regulations aimed at reducing compliance burdens and costs within the real estate sector. These changes include modifications regarding mortgaging built-up space, building fee payments, issuance of No Objection Certificates (NOCs), project timelines, and permissible floor heights. The proposed changes follow multiple appeals from builders and developers, who contend that current regulations have become outdated and excessively restrictive. According to government sources, there is a preliminary agreement to lower the required mortgaging of built-up space from 10% to 5%, responding to requests from builders’ and developers’ associations. The remaining…

Latest StoriesRegulatory

BMC Halts Work on Transit Camp at Sewage Plant Site in Mumbai

MUMBAI: The BMC has issued a stop-work notice for a transit camp in Worli, as it has been discovered that the camp is being constructed on land reserved by the civic body for a sewage treatment plant. Municipal officials reported that two sewer lines run through the site, and initial assessments indicate that construction has already disrupted sewage flow, raising concerns about potential flooding and infrastructure failure, especially during the monsoon season. Additional civic chief Ashwini Joshi instructed BMC’s chief engineer (sewerage operations) to file a criminal complaint against D B Patil, a Slum Rehabilitation Authority executive engineer, for allegedly…

IndustryLatest Stories

Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

Latest StoriesResidential

Puducherry Launches Housing Subsidy for Poor: CM

PUDUCHERRY: Chief Minister N Rangasamy has announced that his government is rolling out a housing subsidy scheme aimed at providing solid homes for the underprivileged by replacing makeshift huts. During a function in Tirukanchi village on Thursday, where he distributed increased pensions to the elderly, destitute women, and marginalized citizens, he stated, “The integrated housing scheme, which combines subsidies from our territorial government with the Centre’s Pradhan Mantri Awas Yojana, has been initiated to support the poor in transitioning from huts to concrete houses.” Rangasamy expressed confidence that the Union Territory would become “hut-free” by swiftly implementing this housing scheme.…

IndustryLatest Stories

Embassy REIT Q3 FY26 Net Operating Income Rises 19%

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 19% year-on-year increase in net operating income (NOI), reaching ₹985 crore for the third quarter ending December 31, 2025. Operational revenue rose by 17% year-on-year to ₹1,193 crore. The board of directors for Embassy Office Parks Management Services (EOPMSPL), which manages Embassy REIT, has declared a distribution of ₹613 crore, equating to ₹6.47 per unit for the quarter. Additionally, the company raised ₹400 crore via a commercial paper at an effective interest rate of 6.44% per annum, successfully reducing its in-place cost of debt by 61 bps over the last…

IndustryLatest Stories

Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…