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.

InfrastructureLatest Stories

West Bengal CM urges councillors to provide drainage for high-rises

KOLKATA: Chief Minister Mamata Banerjee called on Kolkata Municipal Corporation councillors to learn from the heavy rainfall on September 23, emphasizing the need for adequate drainage in high-rise buildings. The CM cautioned the councillors to heed recent experiences in both Kolkata and North Bengal. “The water accumulation in high-rises stems from improper dredging by builders. Many do not even provide the necessary documentation. High-rise complexes should have designated parking, but if there’s no drainage system, how can we manage the water? This calls for thorough inspections post-construction to ensure all facilities are in place,” the CM stated. Additionally, CM Banerjee…

IndustryLatest Stories

Developers to Manage Urban Infrastructure in Major City Revamps

NEW DELHI: In an effort to address the gap between high-quality real estate projects and neglected civic infrastructure, the government will empower private developers to serve as “urban infrastructure administrators” in major redevelopment zones under the Urban Challenge Fund (UCF) scheme. This initiative allows developers to construct and maintain essential infrastructure, including roads, water supply, sanitation, and transportation. With a total allocation of Rs 1 lakh crore, this scheme aims to encourage sustainable urban development, transforming cities into vibrant growth hubs and enhancing water and sanitation systems. The housing and urban affairs ministry has informed the Public Investment Board (PIB),…

IndustryLatest Stories

Infopark Irumpanam: Mixed Township Model, Says Kerala CM

KOCHI: Chief Minister Pinarayi Vijayan announced on Saturday that the new Phase IV campus of Infopark in Irumpanam will adopt a mixed township model, featuring five million square feet of new IT space. The state government previously decided to allocate 33.5 acres from Traco Cable Company in Irumpanam to Infopark for ₹200 crore for the campus establishment. In a social media post, the Chief Minister stated that the Phase IV campus is expected to generate 50,000 direct IT jobs and attract ₹3,000 crore in investments. “This development is designed as a mixed township, incorporating modern IT complexes, world-class infrastructure, and…

Latest StoriesResidential

Register for DDA Plot E-Auction Starting October 27

NEW DELHI: The Delhi Development Authority (DDA) will launch registration on October 27 for an e-auction featuring nearly 100 plots in key city locations. Officials indicate that the plots are categorized into six types, including newly-identified and reclaimed land. The upcoming e-auction includes 17 residential plots in Rohini and Rajendra Nagar, 11 institutional plots (including religious purposes) in Rohini, 18 commercial plots in Pitampura, 44 industrial plots in Kirti Nagar, Mangolpuri, and Okhla, one CNG station plot in Yamuna Vihar, and two group housing plots in Dwarka and other areas. “Prior to 2022, the e-auction process was held quarterly based…

Latest StoriesResidential

348 Neemuch Families Get Dream Homes This Diwali: CM

BHOPAL: On Saturday, Chief Minister Mohan Yadav expressed that there is no greater joy than owning a home, as 348 families in Neemuch geared up to celebrate Diwali in houses constructed under the Pradhan Mantri Awas Yojana. Speaking to the beneficiaries virtually from Samatva Bhavan, Yadav highlighted that PM Narendra Modi’s vision of providing homes for every citizen has changed the lives of over 4 crore people nationwide. “This Diwali is the most beautiful in their lives as they will celebrate it in their new homes. The dream of 348 families in Neemuch is coming true,” he remarked. To date,…

Latest StoriesRegulatory

Orissa HC Orders Arrest of Promoters for CRZ Violations in Puri

BHUBANESWAR: In a bid to protect the environment, the Orissa High Court recently mandated the superintendent of police in Puri to arrest the promoters of a significant residential-cum-commercial project in Puri, which allegedly violated coastal regulatory zone (CRZ) norms. A complaint was initially lodged by a Puri resident with the Ministry of Environment, Forest and Climate Change, prompting an inquiry into the project. This led to the Odisha Coastal Zone Management Authority getting involved. In July, the Puri-Konark Development Authority (PKDA) intervened and ordered the promoters to halt construction on the site. Some promoters subsequently challenged this order in the…

IndustryLatest Stories

Aurum Proptech’s Q2 FY26 Net Loss Narrows to ₹8.41 Crore

NEW DELHI: Aurum Proptech reported a consolidated net loss after tax of ₹8.41 crore for the quarter ending September 30, 2025. This reflects an improvement from a net loss of ₹12.15 crore in the same quarter of the previous fiscal year, as stated in a BSE filing. The company’s consolidated net total income for Q2 FY26 stood at ₹87.66 crore, marking a growth of 29.66% compared to ₹67.61 crore in the corresponding quarter last year. Onkar Shetye, the company’s executive director, commented: “Our distribution business grew by 62% year-on-year, driven by AI-led product innovations in Sell.do and the expanding presence…

IndustryLatest Stories

Signature Global secures ₹875 crore through debentures for growth

I visualize the growth potential of non-convertible debentures (NCDs) with a rising graph against a cityscape. NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion. The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement. Although Signature Global did not disclose the identities of the investors who subscribed to these…

InfrastructureLatest Stories

Illegal Structures Demolished in Panchkula Urban Areas

Sure! Here’s a revised version of the provided content: Representative image PANCHKULA: Authorities are actively enforcing regulations against illegal constructions in Panchkula, with District Town Planner Sanjay Narang spearheading a demolition operation on Thursday. The operation successfully demolished six damp proof courses (DPCs) in an unauthorized colony in Khokhra village, as well as four DPCs and a road network in two illegal colonies in Shahpur village. The drive was carried out under the supervision of Duty Magistrate Ajay Gautam, MC Assistant Engineer Ashok Kumar, and the Assistant Town Planner of Panchkula, all supported by a significant police presence to maintain…

Latest StoriesRegulatory

SC Calls Rajasthan Housing Board Land Encroachment ‘Absolute Scam’

NEW DELHI: The Supreme Court labeled the encroachments on lands acquired for the Rajasthan Housing Board as an “absolute rank scam,” with allegations of collusion at all levels. Justices Vikram Nath and Sandeep Mehta noted that multiple Rajasthan High Court rulings had established that authorities cannot regularize these illegal constructions. “Several benches have attempted to ensure the land is reclaimed, but the influential individuals behind this scam prevent it,” stated Justice Mehta. This commentary came during a hearing on a plea from the Rajasthan government, which was contesting an August 20 high court order. The high court had suspended a…