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.

IndustryLatest Stories

Bengaluru body to inform public about illegal layouts

BENGALURU: The Bangalore Development Authority (BDA) has identified 258 unauthorized layouts within its jurisdiction as part of its initiative to combat illegal urban development. To educate citizens about proper construction and planning, the BDA is set to release a series of public interest notices. These notices will outline important details, including the definition of a layout, necessary approvals, and the authorities responsible for granting permissions. The awareness campaign, expected to kick off in Budigere and its neighboring areas, has emerged in response to the ongoing conversion of agricultural and green belt lands into residential plots. The BDA has issued a…

Latest StoriesRegulatory

Noida Techie Death: Planner’s Director Seeks High Court Relief

NOIDA: A Chief Judicial Magistrate (CJM) court denied bail on Monday to Abhay Kumar, a director of MZ Wiztown Planners Pvt. Ltd., who was arrested in connection with the death of software engineer Yuvraj Mehta. The court has extended Kumar’s judicial remand by 10 days, scheduling the next hearing for February 13. Despite the lower court’s decision, Kumar’s legal team filed a habeas corpus writ petition with the Allahabad High Court, and the case is set for a hearing on Tuesday. Counsel Swastik Verma stated that Kumar’s arrest by the Greater Noida police failed to adhere to “basic legal provisions,”…

Latest StoriesRegulatory

EOW Arrests HR Officer of Shine City in Lucknow

LUCKNOW: The Economic Offences Wing (EOW) arrested a woman on Monday in relation to the Shine City real estate scam, which allegedly defrauded investors of crores of rupees across multiple districts in Uttar Pradesh. According to an EOW press release, the accused has been identified as Preeti Singh from Jankipuram. She was employed as a human resources officer at Shine City’s office in Vibhuti Khand, Gomtinagar, and acted as an authorized signatory for buyers’ agreements on behalf of the Shine City Group. Shine City Infra Project Pvt Ltd reportedly attracted investors with offers of low-cost residential plots and appealing investment…

IndustryLatest Stories

Delhi’s property tax amnesty scheme extended to Feb 28

NEW DELHI: The Municipal Corporation of Delhi announced on Monday that it has extended its property tax amnesty program, ‘SUNIYO,’ until February 28, 2026. Officials have encouraged property owners throughout the capital to step forward and clear their outstanding dues, as the late fee will remain unchanged at 5%. Under the Sumpattikar Niptaan Yojana (SUNIYO), taxpayers can receive a complete waiver of property tax, interest, and penalties for all years before 2020-21, provided they pay the principal tax for the current fiscal year (2025-26) and the previous five years. Delhi Mayor Raja Iqbal Singh described this as a golden opportunity,…

Latest StoriesRera

Odisha RERA to Hold Weekly Meetings for Timely Project Registrations

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) plans to undertake visits to Chhattisgarh, Andhra Pradesh, and Telangana to study successful practices in the timely issuance of registration certificates for real estate projects. Additionally, ORERA will hold weekly meetings with its officials responsible for registration to discuss and resolve issues, ensuring that property registration certificates are granted within the mandated 30-day timeframe. This decision comes after ORERA received criticism for delays in issuing registration certificates, which are crucial documents affirming the authenticity of projects. The certificates are granted following a comprehensive review of land ownership and layout plans. While the…

Latest StoriesRegulatory

SC asks Maharashtra govt, civic body to respond on slum rehab plea

File photo NEW DELHI: On Monday, the Supreme Court sought responses from the Maharashtra government and the Municipal Corporation of Greater Mumbai regarding a petition that challenges a Bombay High Court ruling allowing slum rehabilitation schemes on plots originally designated for parks, gardens, and playgrounds. On June 19, 2025, the Bombay High Court upheld the legitimacy of a regulation concerning slum rehabilitation schemes, seeking to balance Mumbai’s critical need for green spaces with the constitutional right to shelter. It endorsed Regulation 17(3)(D)(2) of the Development Control and Promotion Regulations (DCPR) 2034, which permits the execution of slum rehabilitation schemes on…

Latest StoriesResidential

MHADA to Sell 120 Mumbai Flats via First-Come-First-Served, Feb 5

Representative Image NEW DELHI: The Mumbai Housing and Area Development Board (MHADA) is set to offer 120 residential flats in various locations across Mumbai on a first-come-first-served basis, with online registrations starting on February 5, 2026, according to an official announcement. The flats, which were previously made available through MHADA lotteries but went unsold, are located in different housing colonies managed by the Mumbai Board. Applications will be accepted via MHADA’s official housing portal. Registrations will kick off on February 5 at 11 am, whereas online application submissions, payment of fees, and flat selection will commence from February 12, 2026,…

CommercialLatest Stories

Awfis Sees 42.72% Profit Surge in Q3 FY26

NEW DELHI: Awfis Space Solutions has announced a 42.72% increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹21.65 crore in Q3 FY26, compared to ₹15.17 crore during the same period last year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹410.95 crore, showing a growth of 23.98% from ₹331.46 crore in the corresponding quarter of the previous year. Amit Ramani, Chairman and Managing Director, stated, “In this quarter, we opened 10 new centers, increasing our total network to 257 centers with 177,000 seats…

Latest StoriesRegulatory

NGT Penalizes Goa CZMA in Sand Mining Violations

Representative AI image PANAJI: The National Green Tribunal (NGT) has imposed a Rs 50,000 penalty on the Goa Coastal Zone Management Authority (GCZMA) for repeatedly requesting extensions to file replies in ongoing sand mining cases. The tribunal highlighted that GCZMA had been allowed four weeks to submit its response but failed to do so, even after a reminder in August of last year. “We are granting one week’s time for them to file their affidavit, contingent on the payment of Rs 50,000 to the National Green Tribunal Bar Association, Western Zone Bench, considering that 12 matters had to be postponed…

Housing FinanceLatest Stories

Bajaj Housing Finance Q3 FY26 Net Profit Soars 21.10%

NEW DELHI: Bajaj Housing Finance has reported a net consolidated profit growth of 21.10% for the quarter ending December 31, 2025. The profit after tax amounted to ₹664.89 crore in Q3 FY26, a notable increase from ₹549.02 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income was ₹2,886.04 crore for Q3 FY26, reflecting a 17.85% increase from ₹2,448.98 crore in Q3 FY25. The board of directors appointed Ajay Kumar Choudhary as an additional independent director, effective March 1, 2026, for a term of five consecutive years. As of December 31,…