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.

IndustryLatest Stories

NAREDCO Elects Parveen Jain as President, Hiranandani as Chair

NEW DELHI: The National Real Estate Development Council (NAREDCO) has appointed Parveen Jain as its new president and Niranjan Hiranandani as chairman. Parveen Jain, who is also the founder and managing director of Tulip Infratech, stated, “Our focus will be on promoting transparency, supporting progressive policy reforms, and enabling sustainable growth that aligns with India’s broader economic vision. NAREDCO will continue to serve as a bridge between the government and the real estate sector, ensuring responsible and inclusive growth.” Jain has previously served as president of NAREDCO – National from 2015 to 2017 and has held the position of president…

IndustryLatest Stories

Tribeca Developers repays ₹200 crore in construction loan

NEW DELHI: Tribeca Developers has repaid a ₹200 crore construction finance facility ahead of schedule, which was raised for its Mumbai project, The Edge. The company operates in six Indian cities and has launched or delivered over six million sq ft of real estate, accumulating a total revenue exceeding ₹7,000 crore. In FY25, Tribeca Developers achieved sales exceeding ₹4,000 crore. Published On Oct 15, 2025 at 12:34 PM IST Become part of a community with over 2M industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Access all ETRealty industry updates right on…

InfrastructureLatest Stories

Gurugram to Map Water Infrastructure by Mid-November

GURUGRAM: The MCG has set a deadline of November 15 for the completion of the digital mapping of the city’s entire water infrastructure. Executive engineers have been instructed to direct junior engineers to gather data on the water infrastructure, including pipelines, boosters, valve lines, and tube wells. This information will be sent to the MCG’s Geographic Information Systems (GIS) lab to finalize the mapping. The initiative is aimed at addressing data deficiencies that hinder the civic body’s ability to monitor water supply, manage consumption, and recover payments. MCG is implementing an integrated IT system and plans to phase out tube…

IndustryLatest Stories

Chamarajanagar Land Prices Surge with Better Connectivity, Industry

MYSURU: Property prices in private layouts around Chamarajanagar city have been rising steadily over recent years. This trend is largely due to improved connectivity, the establishment of new industries in the Badanaguppe-Kellamballi Industrial Area, and delays in site allocation by the Chamarajanagar Urban Development Authority (CUDA). In the first phase of developing the Badanaguppe-Kellamballi Industrial Area, the state government acquired approximately 1,500 acres of land a decade ago, compensating landowners at Rs 20 lakh per acre. Three years prior, CUDA secured an additional 1,100 acres for the second phase of development in the Kellamballi-Badanaguppe area, offering compensation of Rs 43…

IndustryLatest Stories

Embassy Group pays off ₹1,748 crore debt

NEW DELHI: Embassy Group has successfully repaid ₹1,748 crore in non-convertible debentures (NCDs), using funds from the WeWork India IPO offer for sale to lower its group-level debt. Jitendra Virwani, the company’s chairman, stated, “This debt repayment not only strengthens our financial stability but also highlights our ongoing commitment to a solid and sustainable financial framework.” This move has also reduced the group’s stake in WeWork India to 15%. Over the years, it has fully settled its ₹1,600 crore debt with Samaan Capital. Published On Oct 15, 2025 at 03:33 PM IST Join a community of over 2M industry professionals.…

Latest StoriesResidential

Maharashtra Deputy CM Suggests Policy for Redevelopment Safety

THANE: The state housing department is developing a new policy aimed at preventing redevelopment projects from halting midway and ensuring residents are not displaced without compensation. Deputy Chief Minister Eknath Shinde announced on Saturday that developers will be required to deposit three years’ rent before commencing any redevelopment work. Shinde stated, “Some builders initiate redevelopment projects, displace residents from their flats, and either fail to pay rent or delay construction. Occasionally, they even trade rights with other developers, resulting in stalled projects and inconvenience for residents.” He continued, “To counter this, we are implementing a policy requiring builders to deposit…

Latest StoriesResidential

Noida Sports City Dues Exceed ₹11,000 Crore; 30% Recovered

NOIDA: Over 15 years after the initiation of the Sports City projects, residential towers have emerged across sectors 78, 79, 150, and 152. However, the promised stadiums, tracks, and sports fields remain largely unrealized. The primary issue is a massive financial discrepancy—the developers owe Noida Authority a staggering Rs 11,642 crore, yet only Rs 319 crore has been recovered to date, despite numerous court orders and high-profile investigations. The Sports City initiative was launched during the Commonwealth Games in 2010, aiming to create integrated townships that combined world-class sports facilities with residential and commercial areas. Developers were given large portions…

Latest StoriesResidential

Mohali Collector Rates Increase by 20%-32%

MOHALI: In a move that could impact the real estate sector, the Mohali district administration has announced a collector rate increase for residential properties ranging from 20% to 32% based on locality for the financial year 2025-26. The new rates will take effect starting October 23. Notably, commercial property rates will remain unchanged. For a complete list of the revised rates, please visit the official district website at www(dot)sasnagar(dot)nic(dot)in. In municipal jurisdiction areas, residential rates have escalated by 5% to 33%. Last year, adjustments were made in September, with increases spanning from 26% to 50%. This year’s rate per square…

Latest StoriesRegulatory

ED Seizes ₹44 Crore Assets of Ex-VVMC Chief in Construction Case

MUMBAI: The Enforcement Directorate (ED) has seized assets totaling Rs 71 crore in connection with illegal constructions in Vasai-Virar, of which Rs 44 crore is linked to Anil Pawar (IAS), the former chief of Vasai-Virar City Municipal Corporation. The ED had previously filed charges against Pawar, town planning deputy director Y.S. Reddy, and 16 others for their involvement in a money laundering case related to unauthorized building projects. During the investigation, the agency attached properties belonging to the accused and builders responsible for constructing 41 illegal buildings in Vasai-Virar, which were ordered to be demolished by the High Court. In…

Latest StoriesResidential

Visakhapatnam: VMRDA Issues RFPs for High-Rise Development

VISHAKAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has announced requests for proposals (RFPs) for the construction of apartment complexes in Midhilapuri and Vepagunta, as well as a 50-storey tower in Madhurawada. This marks VMRDA’s first initiative in residential housing projects in over a decade, as they have primarily focused on selling plots and land for government layouts in recent years. According to VMRDA, the upcoming projects will be executed using a public-private partnership (PPP) model and are expected to be priced below current market rates, catering to the ‘middle income group’ housing segment in Midhilapuri and Vepagunta. The 50-storey…