Category: Latest Stories

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Latest StoriesResidential

South Goa Residents Urged to Report Unsafe Buildings

PANAJI: South Goa collector Egna Cleetus has released a public notice asking residents to report any unsafe or dilapidated buildings in the district. Citizens are encouraged to notify the local municipality about any structures that seem unsafe or structurally compromised. If the structure is outside municipal jurisdiction, individuals should contact the relevant block development officer for further action. “Residents are also urged to avoid living in or engaging in any activities in such buildings,” Cleetus stated. “Despite clear risks to life and property, some properties remain occupied for residential or commercial use.” The district administration emphasized that the primary responsibility…

InfrastructureLatest Stories

Prayagraj’s Urban Plan to Add 200 New Villages

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has unveiled a plan for urban expansion in Sangam city. This initiative aims to boost revenue from house tax, property tax, and development fees, ultimately enhancing the income of both the Prayagraj Municipal Corporation (PMC) and the PDA for city development purposes. According to the proposal, the urban boundary of Prayagraj will increase to 263 square kilometers, incorporating around 200 additional villages in the district under PDA jurisdiction. This proposal is pending approval from the state government. A senior official from the PDA stated, “The need for city expansion has been recognized for a…

CommercialLatest Stories

Strata Sells Express Zone, Mumbai for ₹40 Cr, 13% IRR

NEW DELHI: Strata has successfully exited its Grade A office investment in Express Zone, Goregaon East, Mumbai, for a transaction value of ₹40 crore. The asset was initially purchased in March 2021 for ₹33.6 crore and fully fractionalized among 120 investors, each contributing ₹25 lakh. During the holding period, investors received a total of ₹12.9 crore in rental payments in addition to the exit proceeds. The transaction yielded a 13% IRR with 20% capital appreciation. Express Zone was first leased to ReachLocal. After the lease concluded, Anand Rathi Global Finance acquired the property, facilitating a successful exit. Published On Oct…

IndustryLatest Stories

Anant Raj Secures ₹1,100 Crore by Selling Shares

NEW DELHI: Realty firm Anant Raj Ltd has successfully raised Rs 1,100 crore by selling equity shares to institutional investors. The Finance and Investment Committee of the board has sanctioned the issuance and allocation of 1,66,16,314 equity shares to qualified institutional buyers at a price of Rs 662 per share, totaling Rs 1,100 crore, as stated in a regulatory filing on Tuesday. Anant Raj’s Qualified Institutional Placement (QIP) opened on October 7 and closed on October 13. The shares have been allocated to investors including Societe Generale ODI, BNP Paribas Financial Markets, Morgan Stanley Asia Singapore, Jupiter India Fund, and…

Latest StoriesResidential

Shubhashish Homes Achieves ₹250 Crore in H1 FY26 Pre-Sales

NEW DELHI: Shubhashish Homes, the real estate division of JK Jajoo Ventures, has recorded pre-sales exceeding ₹250 crore in the first half of FY 2025-26, surpassing last year’s total of ₹211 crore. The company is on track to meet its pre-sales goal of ₹400 crore for the year. CEO Mohit Jajoo remarked, “As we look ahead, we are making significant progress in Indore and Prayagraj, and pending timely approvals, we plan to launch these projects in Q4 FY26.” Published On Oct 14, 2025 at 04:28 PM IST Join the community of 2M+ industry professionals. Subscribe to our Newsletter for the…

Latest StoriesResidential

Ranjan Pai’s firm acquires Bengaluru bungalow for ₹166 crore

Representational Image BENGALURU: The luxury property market in Bengaluru has reached unprecedented heights with the sale of a prime bungalow located at 50 Lavelle Road, marking the city’s most expensive property transaction both in total value and per square foot. The 25,824 sq. ft. site was purchased by Esencia Partners, associated with Manipal Group chairman Ranjan Pai, for Rs 165.66 crore—an extraordinary Rs 64,166 per sq ft, a record for central Bengaluru. This sale underscores the remarkable growth in Bengaluru’s ultra-luxury residential sector, where deals in the Rs 40 crore to Rs 60 crore range have become more frequent, pivoting…

CommercialLatest Stories

CLSA Sells 8.4 Lakh WeWork India Shares for ₹52 Crore

Global markets and asset management firm CLSA divested approximately 8.4 lakh shares in WeWork India Management through a bulk deal on Monday, with shares priced at Rs 618.55 each, totaling Rs 52 crore. The transaction was conducted via CLSA Global Markets Pte. LTD – ODI, reflecting a 1.6% discount from the previous Friday’s closing price of Rs 628.65 on the NSE. WeWork Management’s shares took a hit for the second consecutive day, closing at Rs 611.20, down Rs 17.45 or 2.8% from Friday’s closing figure. After debuting on Friday, the stock is now trading at 6% below its issue price…

IndustryLatest Stories

Telangana’s property loss in fires exceeds ₹800 crore this year

HYDERABAD: From January to September this year, Telangana has experienced an alarming increase in fire incidents, resulting in a staggering property loss of ₹819.37 crore—the highest recorded in the state’s history over the past 11 years. In comparison, 2018 reported a previous peak of ₹260.16 crore in damages from 9,120 fire incidents, as per data from the state fire department. To date, the state has logged 7,276 fire accidents, claiming 142 lives. The only other year with a greater fatality rate was in 2015, with 159 deaths resulting from fires. “The uptick in incidents in major industrial areas like Pashamailaryam…

Latest StoriesResidential

Ramabai Nagar Redevelopment in Mumbai Starts October 14

Sure! Here’s a rewritten version of your content: MUMBAI: The long-awaited redevelopment of Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar is set to commence with the bhoomi pujan (groundbreaking ceremony) for Phase I scheduled for Tuesday, October 14. The ₹8,498 crore mega project, being executed by the Mumbai Metropolitan Region Development Authority (MMRDA) alongside the Slum Rehabilitation Authority (SRA), aims to transform a sprawling 31.8-hectare area into a well-planned housing community featuring over 17,000 homes along with essential civic facilities. In the initial phase, construction firm B G Shirke has been awarded the contract to build 4,345 tenements at…

InfrastructureLatest Stories

Odisha Approves Town Planning Scheme-8

BHUBANESWAR: The state government has made a notable advancement in urban planning by approving the draft of Town Planning Scheme-8. This approval was publicized in the Odisha Gazette on Friday. Covering an area of 560.86 acres in the Andharua and Daspur mouzas, the Bhubaneswar Development Authority (BDA) will execute the TP scheme. This initiative is a vital portion of the state’s urban growth strategy and includes the development of Bhubaneswar New City. Originally declared on January 30, 2014, the intent for TP-8 was followed by a meeting with landowners on January 21 this year, and the draft plan was released…