Category: Latest Stories

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CommercialLatest Stories

Google Secures 617,000 Sq Ft Office in Gurugram

NEW DELHI: Google, the American tech powerhouse, has secured a lease for 617,000 sq ft at Atrium Place Gurugram, a collaboration between DLF and Hines. This deal stands out as one of the largest office space transactions this year, according to two sources familiar with the matter. Details regarding the lease duration and financial arrangements remain undisclosed. This agreement follows Google’s prior lease of 550,000 sq ft at a commercial complex in Gurugram through managed workspace provider Table Space. “Google is deeply committed to India and is expanding its office spaces accordingly,” one of the sources noted. “The company has…

IndustryLatest Stories

Indian Real Estate Hits $2.9B with 42 Transactions in Q3

India’s real estate sector is undergoing significant institutionalisation, with a surge in participation from investors, developers, and funds. This trend culminated in a record September quarter, marked by the highest-ever quarterly deal volume and value. Increased interest from domestic and global institutions, exemplified by a series of large mergers, acquisitions, and listings, underscores a growing confidence in the sector’s stability and earnings potential. According to Grant Thornton Bharat, the sector achieved a remarkable 42 transactions valued at $2.9 billion during the quarter, representing the highest quarterly deal volume to date. This included nine public market transactions: five initial public offerings…

CommercialLatest Stories

How Negligence Devastated Mumbai High-Rise Offices

File photo MUMBAI: A fire broke out on Thursday in a 13-story commercial building in Jogeshwari, which reportedly violated safety regulations and lacked an Occupation Certificate. Firefighters took 8-10 engines and numerous personnel four hours to control the blaze at JSM Business Center in Behrambaug. Thankfully, there were no fatalities, though 27 individuals were rescued and treated for suffocation symptoms at Jogeshwari Trauma Hospital. The cause of the fire is still unknown, but tenants claim that the builders made unauthorized alterations throughout the structure. Additionally, a functional fire-fighting system was notably absent. The fire at JMS Business Owners Association started…

Latest StoriesResidential

Secunderabad: SH-1 Property Tax Increase Paused Amid Protests

HYDERABAD: Property owners along State Highway-1 (SH-1) have received good news from the Secunderabad Cantonment Board (SCB), which has decided to postpone the recently announced property tax increase until the ongoing road widening concerns are sorted out. Additionally, those without any rental income will benefit from a 50% tax discount. The decision follows significant pushback against the 100% tax increase, as many proprietors were already facing financial hardships prior to the hike. The planned road widening project, impacting over 1,000 properties along the highway, has prompted several tenants to vacate their homes. Telukunta Satish Gupta, chairman of the Rajiv Rahadari…

InfrastructureLatest Stories

Andhra Pradesh Launches Unified Urban Zoning Policy

VIJAYAWADA: In a significant move towards organized urban development, the state government has launched a unified zoning policy for all municipal corporations, municipalities, and urban development authorities. This initiative aims to resolve confusion stemming from inconsistent zoning regulations and to encourage sustainable growth in both urban and semi-urban regions through standardized land use guidelines. Previously, the state operated under 16 distinct land use categories, which often resulted in overlapping regulations and administrative hurdles. The decision to implement uniform zoning was made following comprehensive research conducted by a team of officials who explored best practices in states such as Odisha, Tamil…

Latest StoriesResidential

Commercialization Pushes Residents Out of Jubilee Hills, Hyderabad

HYDERABAD: In recent years, numerous voters from the affluent yet sparsely populated area of Jubilee Hills have changed their registration to other assembly segments such as Khairatabad and Sherlingapally. The rapid commercialization of the vicinity between 2000 and 2014 led many residents to sell their homes and land, originally purchased at very low prices—sometimes as little as Rs 200 per acre—and relocate to quieter neighborhoods. Interestingly, a large portion of the affluent enclave is actually part of the Khairatabad constituency rather than Jubilee Hills. Once a beacon of aspiration, Jubilee Hills has long been recognized as one of Asia’s most…

InfrastructureLatest Stories

World Bank to Release $200M for Amaravati by December 2025

AMARAVATI: The World Bank has committed USD 800 million for the development of Amaravati Capital Phase-I and is anticipated to release the second installment of USD 200 million by the end of this year, according to a senior official from the Andhra Pradesh government. The World Bank and the Asian Development Bank (ADB) are each contributing USD 800 million, totaling USD 1.6 billion (approximately Rs 13,600 crore), for the Phase-I development of Amaravati. In addition, the Centre will contribute Rs 1,400 crore from its overall commitment of Rs 15,000 crore for this phase. As part of its commitment, the World…

Latest StoriesRegulatory

Chennai: ₹2,000 Cr Housing Scam in Pallikaranai Ramsar Site

CHENNAI: The anti-corruption NGO Arappor Iyakkam has accused various state government departments of unlawfully granting clearance for a ₹2,000-crore housing project allegedly located within the ecologically sensitive Pallikaranai Ramsar wetland area in Perumbakkam. In a complaint to the Chief Minister, Chief Secretary, and DVAC, the NGO highlighted that the State Environment Impact Assessment Authority (SEIAA) and CMDA provided environmental clearance and construction approval for specific survey numbers—453, 495/2c, 496, 497, and 498—which fall within the marshland boundaries. Arappor claims to have submitted a 213-page supporting document as evidence. According to the Ramsar site map and influence outlines provided by CMDA,…

Latest StoriesResidential

Regularize Buildings Under Karnataka’s e-Swathu: Tax Since 2016

BENGALURU: Property owners wishing to regularise unauthorized properties under Karnataka’s e-Swathu scheme are required to pay property tax retrospectively, starting from either 2016 or the year they received an electricity connection, as per official guidance. The e-Swathu initiative aims to incorporate unauthorized properties into the tax system and improve transparency. Panchayats have been instructed to promptly assess and collect dues based on various slabs linked to the guidance value. The process is regulated by the Karnataka Gram Swaraj and Panchayat Raj (Gram Panchayat Tax, Rates and Fees) Rules, 2025, which were officially published last week. According to these rules, Gram…

IndustryLatest Stories

Protest for Oran Land Registration in Jaisalmer Concludes

JAISALMER: The 34-day protest advocating for the formal recognition of Oran-Gochar land concluded late Sunday night following successful discussions between the Oran representatives and the district administration. The negotiations took place at the Jaisalmer Collectorate, attended by local MLA Chhotusingh Bhati, Pokaran MLA Mahant Pratappuri, district collector Pratap Singh, and members of the Oran team. After thorough discussions, the administration consented to most demands, promising that the registration of Oran land in official records would be completed in three months. Pratap Singh highlighted that this initiative marks a historic change for the region. “The administration has submitted proposals to the…