Category: Latest Stories

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Latest StoriesRegulatory

Nagpur Builder Ordered to Refund Homebuyer with Interest

NAGPUR: The Additional District Consumer Disputes Redressal Commission in Nagpur has ordered a local real estate company to refund ₹3 lakh to a couple, including 9% interest from October 27, 2017. The commission further awarded ₹30,000 for mental distress and ₹10,000 to cover legal expenses. The couple, both medical professionals, had booked a flat for ₹79.27 lakh in 2015 at a housing project on Besa-Pipla Road. They paid ₹1 lakh on October 27, 2015, and an additional ₹2 lakh on February 29, 2016. According to their complaint, lodged through attorney Ashish Fule, the couple experienced significant delays in construction despite…

CommercialLatest Stories

Smartworks Leases 8.15 Lakh Sq Ft at Eastbridge, Mumbai

NEW DELHI: Smartworks Coworking Spaces has secured over 8.15 lakh sq ft of workspace at Eastbridge, a commercial project by Regalia Office Parks, located in Vikhroli West, Mumbai. This center is set to open in Q4 of 2026. Regalia Office Parks is part of the commercial office division of the Niranjan Hiranandani Group. Recently, Smartworks also leased 5.57 lakh sq ft at Tata Realty’s Intellion Park in Navi Mumbai, and operates six office campuses across India, each exceeding five lakh sq ft. Published On Nov 3, 2025 at 02:30 PM IST Join a community of over 2M industry professionals. Subscribe…

IndustryLatest Stories

Shriram Properties Partners on Five-Acre Project in South Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a five-acre land parcel located on Bannerghatta Road in South Bengaluru. According to Akshay Murali, Vice President (Business Development) at the firm, “Bannerghatta Road offers excellent connectivity, a vibrant social ecosystem, and tranquil green surroundings, making it perfect for discerning homebuyers who desire both exclusivity and convenience.” The company aims to create a villa community with an estimated gross development value (GDV) of over ₹350 crore. The project is anticipated to launch in FY26. Published On Nov 3, 2025 at 02:00 PM IST Join a community…

IndustryLatest Stories

Kerala’s land lease defaulters owe ₹665 crore to government

THIRUVANANTHAPURAM: The state has identified 584 individuals and organizations occupying government-leased land without fulfilling lease obligations or paying dues, totaling arrears of Rs 665.30 crore. Government data offers a district-wise breakdown of these pending recoveries, though it admits a lack of compiled records on the extent of land held by violators. The data reveals a widespread pattern of violations, contrasting sharply with the value of unpaid dues. Notably, Thiruvananthapuram has 157 violators with debts of Rs 104.70 crore, while Ernakulam has 60 defaulters, the highest in the state at Rs 280 crore, highlighting the high market value of government land…

Latest StoriesResidential

Bhubaneswar: 100 Flats Delivered in Shantipalli Awas Phase 3

File Photo BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) and the Bhubaneswar Development Authority (BDA) have successfully allocated over 100 additional units at the Shantipalli Awas Yojana to beneficiaries, enhancing quality living conditions. This marks the third allotment phase of the Shantipalli Awas Yojana, also known as Keshari Residency at Satya Nagar. This initiative is part of three affordable housing projects under the PM Awas Yojana in Bhubaneswar. Construction is ongoing for the other two projects, Ekamra Residency and Barunei Enclave, located at Buddha Vihar and Subuddhipur, respectively. With this latest round, the total beneficiaries who have received homes in the…

IndustryLatest Stories

Maharashtra Revamps Rules for Redevelopment Projects

MUMBAI: The Maharashtra government has announced proposed amendments to the Development Control and Promotion Regulations (DCPR) 2034 for Greater Mumbai, aimed at enhancing the feasibility and financial viability of redevelopment schemes under the Maharashtra Housing and Area Development Authority (MHADA). The proposal comes after MHADA approached the state government, requesting modifications to existing provisions to bolster the viability of its redevelopment projects. Currently, Regulation 31(3) permits builders to receive extra ‘fungible’ construction area, exempt from premium charges, based solely on the existing built-up area of a project. The government intends to expand this benefit to include the rehabilitation area, allowing…

IndustryLatest Stories

Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…

Latest StoriesResidential

Special Camp for Lucknow Property Registration: Nov 3-15

LUCKNOW: Property owners waiting for the formal registration of their properties from the Lucknow Development Authority (LDA) will soon have the opportunity to complete the process at a dedicated ‘single-window’ camp. This initiative, lasting 13 days, aims to address the substantial backlog of pending registrations for numerous residential and commercial properties. The camp will take place from November 3 to 15 at the committee hall of the LDA building, as per the directive of LDA Vice-Chairman Prathmesh Kumar. According to LDA Secretary Vivek Srivastava, this effort is a collaboration between the LDA and the registry department. For the first ten…

Latest StoriesRegulatory

HC Orders Haryana to Explain SEIAA Composition Delay

CHANDIGARH: The Punjab and Haryana High Court has instructed the State of Haryana to submit a specific affidavit from the Additional Chief Secretary of the Department of Mines and Geology. This affidavit must explain why the State Environment Impact Assessment Authority (SEIAA) has not been constituted since February 2025. The court also requested all correspondence between the State of Haryana and the pertinent Union of India departments to be included with the affidavit. A division bench, consisting of Justice Ashwani Kumar Mishra and Justice Rohit Kapoor, issued these directives while adjudicating a petition from M/s Darsh Minerals Private Limited and…

InfrastructureLatest Stories

Uttar Pradesh Approves Township Plan Near Hindon Terminal

GHAZIABAD: On October 24, the UP Housing and Development Board approved the layout plan for the Ajantapuram township in Sikandarpur, located approximately 1.5 km from Hindon Civil Terminal. This decision ends a 28-year stalemate caused by opposition from cooperative societies. With the approval secured, development work is anticipated to commence soon, with a completion timeline of around five years, according to officials. “The clearance of the layout plan clears the path for the development of the township, which has been stalled for nearly three decades,” stated H Ram, executive engineer of the board. According to officials, the primary cause of…