Category: Latest Stories

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Latest StoriesRegulatory

Rajkot Civic Body Surpasses 50% Property Tax Collection Goal

RAJKOT: On Saturday, the Rajkot Municipal Corporation (RMC) reached 50% of its annual property tax collection goal, tallying Rs 301.03 crore. Since the financial year commenced on April 9, 3.82 lakh citizens have settled their property taxes. The RMC collected a total of Rs 412 crore in property taxes during the entire 2024-25 financial year. To encourage timely payments, RMC has launched incentive schemes, offering a 10% rebate for male property owners and a 15% rebate for female property owners who pay by May 31. Additionally, online payers receive an extra 1% discount. In an effort to address past due…

InfrastructureLatest Stories

Gurugram Construction Sites Must Register on Dust Portal: DC

Representative AI image GURUGRAM: The Gurgaon administration has announced that all construction projects exceeding 500 sqm must now register on the Haryana State Pollution Control Board’s online dust portal to ensure effective monitoring during GRAP restrictions. A complete ban on the burning of all types of waste has been implemented, requiring immediate action from relevant departments. Deputy Commissioner Ajay Kumar stated that controlling air pollution is a shared responsibility essential for public health and environmental protection. “Air pollution control is not merely a government formality but a collaborative effort for the well-being of the community,” he emphasized. During a video…

Latest StoriesResidential

Pioneer Urban Land Acquires 9,419 sq ft Flat in DLF Camellias for ₹95 Cr

NEW DELHI: Realty company Pioneer Urban Land and Infrastructure Ltd has acquired a 9,419 sq ft apartment in DLF’s luxury project ‘The Camellias’ in Gurugram for ₹95 crore, according to CRE Matrix. The real estate data analytics firm reviewed the registration document for this transaction, which was registered on September 29. Additionally, CRE Matrix has noted that three more residential properties were registered in September, collectively valued at about ₹176 crore. Sources suggest that the current value of these properties could be significantly higher. A penthouse was sold in 2015 for ₹59 crore, and another was booked in August 2021.…

Latest StoriesResidential

PDA Launches Online Registration for Plot and Flat Auctions

Representative image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has announced the sale of 206 residential plots in six housing schemes, starting this week through online registration and auction. According to PDA Secretary Ajit Singh, 40 newly created plots have been added to the list. The plots range in size from 60 to 150 square meters to accommodate middle-class homebuyers, with the Dev Prayagraj Jhalwa scheme featuring the highest number—107 plots available for sale. Additional plots include 14 in the Kalindipuram Housing Scheme, 5 each in Kasari-Masari Phase 1 and Phase 2, 30 in the Naini Housing Scheme, and 45 in…

Latest StoriesResidential

Vadodara Waives Property Tax Interest Until March 31

VADODARA: The Vadodara Municipal Corporation (VMC) has introduced a rebate scheme to waive interest charges on overdue property tax payments, available until March 31 of next year. The civic authority aims to encourage long-term defaulters to settle outstanding dues through this initiative, following previous efforts to recover pending payments. As part of the scheme, full interest waivers will be provided for properties assessed under the previous rent-based system that was active until 2003, which was replaced by an area-based assessment on April 1, 2003. Residential properties under the area-based system will receive an 80% interest rebate, while non-residential property owners…

IndustryLatest Stories

Anant Raj Q2 FY26 Profit Rises 31% to ₹138 Crore

NEW DELHI: Anant Raj Ltd, a prominent real estate company, announced a 31% increase in its consolidated net profit to Rs 138.18 crore for the quarter ending September 30, 2025, compared to Rs 105.65 crore in the same quarter last year. Total income for the July-September period soared to Rs 640.89 crore, up from Rs 523.75 crore a year earlier, as per a regulatory filing. Anant Raj Ltd is recognized as one of the leading developers in the country, focusing on both residential and commercial developments, including data centers. Published on Nov 9, 2025, at 12:00 PM IST Join the…

Latest StoriesResidential

DDA Begins Phase Two of Jan Sadharan Awaas Yojana

Representative image NEW DELHI: The Delhi Development Authority (DDA) has commenced the second phase of the Jan Sadharan Awaas Yojana housing scheme, providing approximately 1,500 affordable flats in well-connected districts of the city, officials announced on Saturday. Launched on November 7, the scheme targets the low-income group and economically weaker sections (EWS), with flats located in key areas like Shivaji Marg, Ramgarh Colony, Rohini, and Narela. “All flats in Rohini, Ramgarh Colony, and Shivaji Marg were booked on the first day,” the DDA stated. In the first 24 hours, over 1,000 flats were reserved, highlighting continued public enthusiasm and trust…

CommercialLatest Stories

IndiQube Spaces Reports ₹30 Crore Loss in Q2 FY26

NEW DELHI: IndiQube Spaces Ltd has reported a net loss of Rs 29.86 crore for the second quarter of this fiscal year, compared to a net loss of Rs 52.52 crore during the same period last year. However, the company’s total income increased to Rs 366.59 crore for the July-September quarter, up from Rs 264.01 crore in the corresponding period the previous year, as per a regulatory filing. IndiQube Spaces Ltd leases office spaces from property owners to set up its centers and then sub-leases workspaces primarily to both domestic and international companies. The firm operates in 16 cities, managing…

InfrastructureLatest Stories

Tidco seeks TN government’s approval for Global City project

CHENNAI: The Tamil Nadu Industrial Development Corporation (Tidco) has requested administrative approval from the Chengalpet district collector to acquire 1,945.19 acres of both patta and government land from six villages in Maduranthakam taluk for the upcoming global city project, according to Tidco’s managing director, Sandeep Nanduri. This initiative aligns with the state government’s announcement in the 2025 budget regarding the development of a 2,000-acre global city near Chennai, which will feature IT parks, trade zones, residential complexes, leisure areas, and advanced infrastructure. The first phase is anticipated to commence soon, with Tidco assuring efficient connectivity to Chennai via metro rail,…

IndustryLatest Stories

Malabar Hill Redevelopment: Ultra-Luxe Towers Transform Skyline

MUMBAI: Malabar Hill, the peak of affluence in south Mumbai, is experiencing significant changes as redevelopment projects take root in this upscale area. While long-standing residents watch in dismay as old structures are set for demolition and heavy machinery arrives, Mumbai’s top developers are clinching lucrative agreements with housing societies. The emergence of new skyscrapers has raised concerns among locals regarding Malabar Hill’s ability to handle increased construction. One developer’s brochure states, “Such opportunities are rare in Malabar Hill—South Mumbai’s most prestigious address, where new developments are nearly unheard of. We are excited to introduce a limited selection of private…