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Latest StoriesRegulatory

SC Halts Order to Remove Illegal Constructions in DLF City, Gurugram

NEW DELHI: The Supreme Court has overturned a Punjab and Haryana High Court order mandating the removal of unauthorized and illegal constructions in Gurugram’s DLF City. A bench comprising Justices J K Maheshwari and Vijay Bishnoi issued this ruling after observing that the directive was given without allowing the property owners a chance to be heard, as they were not parties to the original lawsuits. The apex court noted that the High Court’s direction, regarding the jurisdiction of the civil court or the removal of constructions, did not consider the appellants, which is a procedural oversight. “It is essential for…

Latest StoriesRera

Uttar Pradesh RERA Lifts 22 Projects from ‘Abeyance’ Status

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has de-listed 22 projects from the ‘abeyance list’ across seven districts, allowing construction work to resume. A total of 8,856 units—including flats, plots, and commercial units—will be built under these projects, representing a significant advancement in reviving long-stalled developments. Since the implementation of RERA, numerous projects were flagged for not having the required documents submitted at registration. After comprehensive evaluations, the authority issued notices to the promoters. In July 2024, it was determined that about 400 projects with incomplete documentation would be classified under ‘abeyance.’ Sanjay R. Bhoosreddy, chairman of…

IndustryLatest Stories

Arvind SmartSpaces Q2 FY26 Net Profit Falls 57.61%

NEW DELHI: Arvind SmartSpaces has announced a 57.61% drop in its net consolidated profit for the quarter ending September 30, 2025. Profit after tax for Q2 FY26 was ₹18.06 crore, compared to ₹42.60 crore in the same quarter last year, according to a BSE filing. The company reported a net consolidated total income of ₹144.03 crore for Q2 FY26, marking a 46.51% decline from ₹269.28 crore in the previous fiscal year’s corresponding quarter. Priyansh Kapoor, CEO and Whole-Time Director, stated, “We have recently signed a new joint development project in Vadodara with a top-line potential of ₹700 crore. Our balance…

IndustryLatest Stories

Noida Airport Ready, But 94% Business Plots Unused Along Yamuna

Representative Image NOIDA: As Uttar Pradesh rushes to finalize the Noida International Airport, a government survey has revealed that a significant portion of industrial land along the Yamuna Expressway—projected as a major growth corridor—remains undeveloped, hindering the region’s industrial potential just months ahead of the airport’s inauguration. The ongoing Invest UP survey, ordered by Chief Minister Yogi Adityanath earlier this year, indicates that more than 8,200 out of 33,493 industrial plots surveyed statewide are unutilized. This issue is particularly pronounced in the Yamuna Expressway Industrial Development Authority (YEIDA) area, where a staggering 94% of the 3,476 plots lack any development.…

CommercialLatest Stories

Motorola Leases 200+ Seats at Smartworks, Kolkata

Representative image Motorola Solutions has secured over 200 seats at its Kolkata center through a lease with managed office space provider, Smartworks, according to two sources familiar with the matter. The lease spans 60 months, encompassing space within the 110,000 sq. ft. center. In the last quarter, Smartworks expanded by leasing over one million sq. ft. across four major cities. The firm leased significant spaces including 110,000 sq. ft. in Kolkata, 200,000 sq. ft. in Bengaluru, 557,000 sq. ft. in Mumbai, and 165,000 sq. ft. in Pune during the April–June period. As of June 30, 2025, Smartworks’ leased portfolio reached…

Latest StoriesResidential

Dispute Resolution for Bengaluru Property Khata Clarity

BENGALURU: The long-anticipated scheme for issuing A Khatas to B Khata properties was officially launched on November 1, coinciding with Kannada Rajyotsava. The Deputy Chief Minister labeled it a gift to Bengaluru’s citizens. However, the rollout raises concerns for genuine property owners who have fought to protect their assets from land mafia and fraudulent developers. Many, including Union Minister for Steel HD Kumaraswamy, have criticized the state government for imposing a 5 percent fee based on the property’s SR value to issue A Khatas for B Khata properties, in addition to a nominal Rs 500 application fee. Kumaraswamy pointed out…

CommercialLatest Stories

Qualcomm India Leases 256,000 Sq Ft Office in Bengaluru

Qualcomm India has secured a lease for 256,000 square feet of office space in Bengaluru, marking another significant move for the technology behemoth in India. A lease document obtained from Propstack indicates that this deal, established with Bagmane Developers Private Limited at Constellation Business Park – Virgo, commenced on October 1, 2025. It spans the 5th, 6th, 7th, and 11th floors of this premium commercial facility, situated in one of Bengaluru’s prime tech areas. The agreement details a five-year lease with a rental rate of ₹113 per square foot, amounting to ₹2.89 crore monthly and a total commitment of ₹184…

Latest StoriesResidential

Lucknow extends Atal Nagar housing scheme deadline

LUCKNOW: The Lucknow Development Authority has prolonged the registration deadline for the Atal Nagar Housing Scheme in Devpur Para until November 21. This initiative comprises 19 towers offering a total of 2,496 flats, which include 1-BHK and 2-BHK units aimed at low to middle-income families. In contrast, the registration for the Sardar Vallabhbhai Patel Housing Scheme in Dalibagh concluded on November 3, with no announcements regarding further extensions. The 72 flats in this housing project were constructed on land that was previously retrieved from Mukhtar Ansari’s illegal claim. LDA officials noted a remarkable response to this scheme. The Atal Nagar…

Latest StoriesRegulatory

Mumbai Court Denies Builder’s Bail After Site Death

MUMBAI: A sessions court has denied anticipatory bail to builder Bhavesh Sanghrajka (43), noting that the safety nets at his construction site were severely damaged. This ruling follows the tragic death of 22-year-old Sanskruti Amin, who was struck by a concrete brick that fell from the 19th floor of Sanghrajka’s building on October 7. “The photographs reveal significant damage to the safety nets, rendering them ineffective. The court was made aware of the government’s Special Safety Control guidelines relating to high-rise construction, which the builder failed to follow,” stated Additional Sessions Judge TT Aglawe in an order dated October 29.…

InfrastructureLatest Stories

Gujarat to Build 5 New Satellite Towns for Urban Growth

GANDHINAGAR: In a significant move towards planned urbanization, the state government has introduced initiatives to develop towns surrounding Gujarat’s five major cities—Ahmedabad, Gandhinagar, Vadodara, Surat, and Rajkot—into fully equipped satellite towns. The Urban Development Department (UDD) has established a high-level committee to expedite infrastructure development, ensuring these new urban hubs evolve alongside their “mother cities.” As per a government notification released in October, the identified satellite towns include Kalol (under the Gandhinagar Urban Development Authority, Guda); Sanand (under the Ahmedabad Urban Development Authority, Auda); Savli (under Vadodara Urban Development Authority, Vuda); Bardoli (under Surat Urban Development Authority, Suda); and Hirasar…