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InfrastructureLatest Stories

Gujarat to Launch AI Research Organization at GIFT City

Sure! Here’s a rewritten version: Representative AI Image AHMEDABAD: On Tuesday, Gujarat Chief Minister Bhupendra Patel granted in-principle approval for the establishment of the Indian AI Research Organisation (IAIRO) to enhance research and development in artificial intelligence. The initiative will be executed through a collaboration involving the state and central governments, along with the Indian Pharmaceutical Alliance (IPA), following a Public-Private Partnership (PPP) model, as per the official announcement. The Gujarat government has undertaken this project to promote R&D in AI, aiming to boost the national AI ecosystem under the guidance of Prime Minister Narendra Modi and the Chief Minister.…

Latest StoriesRegulatory

Calcutta HC: KMC Can Fix Unsafe Buildings in Disputes

KOLKATA: The Calcutta High Court ruled on Dec 23 that civil disputes would not hinder the renovation of a building designated as ‘dilapidated’ or ‘unsafe’ by the KMC. The court stated, “The residents, including tenants and nearby individuals, could face substantial risk if the Corporation’s order is not executed.” The challenge arose from the trial court’s decision to lift an interim order in a civil suit regarding a 1/6th property share, brought before the division bench of Justices Sabyasachi Bhattacharyya and Supratim Bhattacharya, which also contested transfer deeds issued by the building owners. After the lower court issued the interim…

InfrastructureLatest Stories

Lucknow body demolishes 12 illegal sites in Gudamba, Kakori

LUCKNOW: The Lucknow Development Authority (LDA) intensified its crackdown on unauthorized development on Tuesday, demolishing 12 construction sites located in illegal colonies in the Gudamba and Kakori areas, covering approximately 43.75 acres. The enforcement teams from Zones 5 and 3 operated under the direction of LDA Vice-Chairman Prathamesh Kumar. According to officials, the Zone 5 team dismantled constructions, including boundary walls and site offices, at four illegal plots in Kapasi village of Gudamba. These sites, totaling nearly 12.5 acres, were reportedly being developed by individuals including Manoj Pal, Mohammad Siddiqui, Ramesh Kumar Pal, and Lal Bahadur. The operation was overseen…

Latest StoriesRegulatory

Gurugram Seals 7 Properties Over ₹1.8 Crore in Tax Dues

Representative image GURUGRAM: The Enforcement teams of the Municipal Corporation of Gurugram (MCG) sealed seven properties in the city on Tuesday due to non-payment of property tax totaling ₹1.8 crore, despite multiple notices sent to the owners. The sealing operation was overseen by zonal taxation officer Pankaj Kumar, along with tax inspector Pankaj Saluja and their team. According to MCG officials, two properties in Kherki Daula had outstanding dues of ₹30,82,747 and ₹19,72,508, respectively. In Mohammadpur Jharsa, two properties had pending tax amounts of ₹27,35,536 and ₹22,65,126. Additionally, a property in Narsinghpur with dues of ₹14,04,967 and another in Pace…

Latest StoriesResidential

NBCC Auctions 417 Amrapali Aspire Units for ₹1,045 Crore

NEW DELHI: The state-owned NBCC (India) has wrapped up the e-auction for 417 residential units in two housing projects located in Noida and Greater Noida West, achieving a total sale value of approximately ₹1,045.4 crore, as stated in a regulatory filing by the company. The sold units are part of the Aspire Leisure Valley project in Greater Noida West, specifically in towers 7 and 8, as well as Aspire Silicon City, Phase IV in Sector 76, Noida, which comprises tower 5, under Sub-Package 4 of the project. According to the transaction agreement, NBCC will receive a marketing fee of 1%…

Latest StoriesResidential

Bengaluru Buyers Shocked by Multiple Sale Deals on One Apartment

BENGALURU: A troubling case has emerged where a builder entered into sale agreements for the same flat with three different buyers. Homebuyers must exercise caution when entering into agreements with unscrupulous builders. Alarmingly, even nationalized banks are sanctioning housing loans without conducting necessary due diligence. Employees at the Sub-Registrar Offices seem eager to process sale deeds, although the reasons for this remain unclear. It’s common for them to register multiple agreements on the same property, particularly if the agreements list varying carpet area sizes. Authorities at these offices do not question the legitimacy of agreements, simply proceeding with registrations if…

Latest StoriesResidential

Yasmin Karachiwala Acquires Two Bandra West Apartments for ₹37.5 Cr

MUMBAI: Celebrity fitness expert Yasmin Karachiwala, aged 55, has made headlines by acquiring two luxury 4-BHK ocean-view residences totaling Rs 37.5 crore at the prestigious Paradigm Superstar-Signature Edition (Marquis Collection) located in Bandra West. Known for training stars like Katrina Kaif, Deepika Padukone, Bipasha Basu, and Hrithik Roshan, Karachiwala invested in approximately 1,882 sq ft of real estate and incurred about Rs 83 lakh in stamp duty alongside a registration fee of Rs 3,000, according to a source at the Sub-Joint Registrar in Bandra. In addition to her own luxury purchase, sources reveal that Karachiwala encouraged her niece, Shirin Qureishi,…

CommercialLatest Stories

Bagmane Prime Files for ₹4,000 Crore IPO

Representative AI image NEW DELHI: Bagmane Prime Office REIT, based in Bengaluru, has submitted its draft offer document to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹4,000 crore. This includes a fresh issue of units amounting to ₹3,000 crore and an offer for sale (OFS) of ₹1,000 crore by selling unitholders. The REIT, sponsored by Bagmane Realty and Infrastructure LLP, manages a premium portfolio of Grade A+ office business parks focused in key office areas of Bengaluru. It encompasses 20.3 million sq ft of total area with 19.6 million sq…

IndustryLatest Stories

Himachal Pradesh Cabinet Approves Township Near Chandigarh

Representative AI image SHIMLA: On Tuesday, the Himachal Pradesh Cabinet announced several significant decisions, including plans for a world-class township at Shitalpur near Chandigarh and the creation of 600 positions for assistant staff nurses in state-operated medical facilities. In a meeting led by Chief Minister Sukhvinder Singh Sukhu, the cabinet also agreed to fill 53 assistant professor roles and 121 various categories of posts across medical colleges in the state to bolster the healthcare system, according to an official statement. For the new township in Shitalpur, located in Solan district’s Baddi area, the cabinet approved transferring 3,400 bighas of land…

CommercialLatest Stories

India’s REIT Market Surpasses ₹2.3 Lakh Crore Asset Value

NEW DELHI: India’s Real Estate Investment Trust (REIT) market has developed into a significant institutional asset class, with a gross asset value (GAV) reaching approximately ₹2.3 lakh crore and the equity market capitalisation nearing ₹1.66 lakh crore as of September 30, 2025, as reported by Anarock Capital. Despite only about 32% of India’s REIT-eligible commercial stock being listed, the domestic REIT market has outperformed Hong Kong in market capitalisation, highlighting rapid growth since the first listing in 2019. Following Knowledge Realty Trust’s listing in August 2025, India now boasts five listed REITs that manage a combined portfolio of around 176…