Category: Latest Stories

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IndustryLatest Stories

Oberoi Realty Wins Bid for 11-Acre Bandra East Land

Representative AI image NEW DELHI: Oberoi Realty has won the highest bid for a long-term lease of approximately 45,371 square meters (about 11 acres) of railway land in Bandra East, Mumbai. This was confirmed after the financial bids were opened by the Railway Land Development Authority (RLDA), a statutory body under the Ministry of Railways. The company submitted a bid of ₹5,400 crores, quoted as net present value (NPV), for a 99-year lease on the land, which is strategically located along the Western Express Highway and has potential for around 19.5 lakh sq ft of floor space index (FSI). As…

Latest StoriesResidential

MHADA to Redevelop Four Unsafe Buildings in Sion, Mumbai

NEW DELHI: The Maharashtra Housing and Area Development Authority (MHADA) has given the green light for the redevelopment of four unsafe transit buildings at Sion Pratikshanagar. Sanjeev Jaiswal, vice president and CEO of the authority, has announced that requests for rehabilitation within the same layout will be approved. Additionally, the proposal for middle-income group (MIG) sale buildings has been cancelled, benefiting 261 families and four shop owners from Transit Buildings No. 36, 37, 53, and 54. Plans call for the construction of two new buildings with stilt plus 22 floors, providing a total of 322 transit tenements. The project is…

InfrastructureLatest Stories

HYDRAA Reclaims Park Land, Constructs Two Five-Story Buildings

HYDERABAD: On Wednesday, the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) reclaimed a park site in Meerpet and sealed off two illegal five-storey buildings in Manikonda after receiving multiple complaints from local residents. In the first incident, HYDRAA successfully protected 2,100 square yards of designated park land in Nandi Hills Colony, located within the Meerpet municipality of Balapur mandal, Rangareddy district. This land, which was intended for public use, had allegedly been encroached upon through “by-number” registrations, with residents suggesting that forged layout plans were used to validate the intrusion. “Based on complaints received during HYDRAA Prajavani, we conducted…

CommercialLatest Stories

DTCP Approved Sale & Lease Deeds for Gurugram Colony

GURUGRAM: The Department of Town and Country Planning (DTCP) has prohibited the registration of any sale, conveyance, or lease deeds associated with a commercial colony in Sector 53 due to violations of licensing conditions. This measure follows directives from the DTCP under Rule 18(2) of the Haryana Development and Regulation of Urban Areas Rules, 1976, concerning license number 13–19 of 2002. This license was issued on June 26, 2002, for the development of a commercial colony spanning 3.953 acres in Sector 53 of Gurgaon, in favor of Arenas Infotech Pvt. Ltd. and Senior Builders Pvt. Ltd., valid until June 25,…

Latest StoriesResidential

Nashik: March 10 Deadline for Property Tax Objections

NASHIK: The Nashik Municipal Corporation (NMC) has set a deadline of March 10 for property taxpayers in the city to file objections concerning property tax assessments and other related details. The property tax department has approximately 5.90 lakh taxpayers registered. To facilitate verification, NMC has made ‘property registers’ accessible at each of its six divisional offices. Taxpayers are encouraged to check these registers to confirm the accuracy of their property assessments, including owner names, property addresses, name corrections, tax bill issues, and changes in property usage. NMC officials stated that if no objections are raised before the March 10 deadline,…

Latest StoriesResidential

Angel Investor Radha Tanti Purchases ₹123-Crore Mumbai Flat

This is a representative image. Mumbai’s luxury residential market has seen another significant transaction, with Radha Tanti, an angel investor and spouse of Suzlon Energy executive vice chairman Girish Tanti, acquiring a high-end apartment in the prestigious Worli area for ₹123.5 crore. The property is located on the 44th habitable floor of the ultra-luxurious Artesia tower, situated near the Doordarshan Center in Worli. The apartment boasts a RERA carpet area of approximately 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or terrace space, making it one of the largest units in the development. This purchase was…

Latest StoriesResidential

UP CM Implements OTS Scheme for Housing Allotment Cases

File Photo LUCKNOW: Chief Minister Yogi Adityanath emphasized the need for a solution-oriented approach to resolve longstanding disputes during a meeting on Wednesday, directing the swift execution of the new One Time Settlement (OTS-2026) scheme aimed at efficiently addressing pending residential and commercial allotments. During the review of housing agencies’ performance, the CM urged senior officials to adopt a flexible approach to legacy issues. Highlighting the significance of one-time settlement schemes, Yogi instructed officials to expedite the allotment of residential units and commercial land that were previously unavailable due to defaults or disputes. The housing board (Avas Vikas Parishad) recently…

Housing FinanceLatest Stories

Court lets DHFL off money laundering charges, cites IBC immunity

MUMBAI: A special court in Mumbai has discharged the now-defunct Dewan Housing Finance Corp Ltd (DHFL) from a Rs 5,050 crore money laundering case, stating that the company, under new management, is entitled to immunity under the Insolvency and Bankruptcy Code (IBC). The court made it clear, however, that while DHFL as a corporate entity is discharged, individuals implicated in the case do not receive the same immunity. On February 2, Special PMLA Court Judge RB Rote determined that DHFL is entitled to statutory immunity after successfully completing its resolution process under the IBC, which offers a structured approach for…

IndustryLatest Stories

G Square Group Buys ₹300 Crore Land in Madurai from TVS Owners

Representative image NEW DELHI: G Square Group has purchased a five-acre land parcel valued at ₹300 crore in Periyar, Madurai, from the TVS Group owners to create a residential and commercial plotted development named G Square Temple View Square. The land was previously owned by T. V. Sundaram Iyengar, the founder of the TVS family of companies. Out of the total area, 1.63 acres will be dedicated to residential development, two acres for commercial use, and the remaining land will provide infrastructure and community amenities. The project consists of 55 plots in total, including 50 residential and five commercial plots.…

IndustryLatest Stories

Keystone Realtors Q3 FY26 Net Profit Falls 83.06%

NEW DELHI: Keystone Realtors has reported an 83.06% decline in net consolidated profit for the quarter ending December 31, 2025. The company recorded a profit after tax (PAT) of ₹5.08 crore, down from ₹29.98 crore during the same quarter last fiscal year, as per their BSE filing. The company’s net consolidated income for Q3 FY26 was ₹293.95 crore, a drop of 39.49% from ₹485.82 crore in the same quarter the previous year. Boman Irani, Chairman and Managing Director, stated, “Our pre-sales reached ₹837 crore in Q3 FY26 and ₹2,676 crore year-to-date (YTD) FY26, marking a strong 23% year-on-year growth. This…