Category: Latest Stories

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IndustryLatest Stories

IT Investment Boosts Visakhapatnam Plot Prices by 60%

Representative image VISAKHAPATNAM: Land and plot auctions by the Visakhapatnam Metropolitan Region Development Authority (VMRDA) reflect public interest in the city’s real estate. The recent auctions on December 17 and 18 for remaining plots in middle-income group (MIG) layouts gained attention, driven by nearly ₹2.5 lakh crore in investments announced in Anandapuram, Kapuluppada, and Rushikonda, particularly in IT and digital infrastructure. At the Palavalasa MIG layout, located three kilometers from Tarluwada village—where Google’s data center is being established—prices soared. Seven plots, initially priced at ₹14,500 per square yard, saw bids rise significantly, with the highest reaching ₹23,700 (a 64% increase),…

InfrastructureLatest Stories

Delhi to Add C&D Dumping Sites with CCTV and Mist Sprayers

Representative AI image NEW DELHI: The Municipal Corporation of Delhi is set to identify 14 more construction and demolition (C&D) waste dumping sites, which will be equipped with CCTV surveillance and mist spray systems, according to an official statement made on Friday. Currently, there are 132 such sites in operation, and efforts to locate 14 new sites are ongoing under the Construction and Demolition Waste Management Framework, as confirmed by senior civic officials to PTI. To enhance monitoring and dust control, CCTV cameras with automatic number plate recognition systems and mist sprayers will be installed at all sites. The installation…

Latest StoriesResidential

KHB Seeks Applications for New Residential Layout in Chamarajanagar

MYSURU: The Karnataka Housing Board (KHB) is set to develop a new residential layout in Chamarajanagar, adding to the three existing layouts in the city. The KHB is currently conducting a demand survey to identify land for this new initiative, aimed at catering to the increasing housing needs in the area. The existing layouts, including sites and houses, have been successfully allocated at the Old Housing Board Colony near Ramasamudra and another location close to Dr. BR Ambedkar Stadium. Now, it is moving ahead to establish its fourth layout through a public-private partnership near Uttuvalli in Kasaba Hobli, having signed…

InfrastructureLatest Stories

GDA to Pay ₹45 Crore to GMC for Swarn Jyantipuram Handover

GHAZIABAD: The Ghaziabad Development Authority (GDA) has initiated the transfer of Swarn Jyantipuram to the Ghaziabad Municipal Corporation (GMC), ending a decades-long wait. According to the initial agreement, GDA will allocate Rs 45 crore to the GMC to facilitate the completion of outstanding infrastructure projects in the township. The funds are earmarked for enhancing roads, sewer systems, and the water supply network. Launched in 1998, Swarn Jyantipuram has been one of Ghaziabad’s longstanding housing projects, pending transfer to the municipal corporation. Despite its establishment over twenty years ago, the handover has been delayed due to prolonged legal disputes and disagreements…

IndustryLatest Stories

Rajasthan Developer Claims Officials Altered Land Ownership

JAIPUR: A real estate developer from Jaipur has accused officials of the Jaipur Development Authority (JDA) of tampering with land records and illegally modifying the ownership of a specific land parcel. Rajdarbar Pinkcity Developers Pvt Ltd filed a complaint with the JDA Commissioner, stating that the firm purchased approximately 3.14 hectares of agricultural land in Jayasinghpura Bas village near Bhankrota in 2005, supported by registered sale deeds. The company claims that it followed all legal protocols, including the surrender of land as per the Rajasthan Land Revenue Act, which were approved by the JDA the same year. In January 2021,…

InfrastructureLatest Stories

Ahmedabad Issues Notices for Unauthorized Parking at 380+ Buildings

Representative image AHMEDABAD: Concerned about traffic disruptions due to illegal parking, the AMC has issued 384 notices to various buildings in the past two days. AMC officials mention that many residential and commercial buildings lack parking facilities. “Unauthorized parking on public roads, footpaths, and other spaces is severely affecting traffic flow,” stated an AMC officer. To address this issue, housing associations, chairmen, secretaries, building owners, and occupants have been directed to ensure vehicles are parked within their premises. Notices were sent to those not complying. The AMC mandated that every building must have proper signage and sufficient parking arrangements. “It…

IndustryLatest Stories

NBCC India, Delhi Govt Resolve Ghitorni Land Dispute

Representative AI image NEW DELHI: The state-owned NBCC (India) Ltd has finalized a settlement with the Government of National Capital Territory of Delhi (GNCTD) to resolve long-standing litigation regarding a 42.46-acre land parcel in Sultanpur–Ghitorni village, south Delhi. As part of the agreement, the land will be split evenly between NBCC and GNCTD, with the company receiving a 21.23-acre portion. NBCC is set to pay a one-time land premium of ₹135 crore, joined by a lump-sum interest of ₹15 crore, totaling ₹150 crore to the GNCTD’s Land & Building Department for dues related to its share of the land. Additionally,…

IndustryLatest Stories

Mumbai Real Estate Developers to Pause for Civic Elections

MUMBAI: Real estate developers in the Mumbai Metropolitan Region, which includes Mumbai, Thane, and Navi Mumbai, are currently adopting a cautious approach to project approvals and amendments due to the upcoming municipal elections and the implementation of the Model Code of Conduct. This comes despite steady housing demand in the area. Although there has been no official halt on construction-related permissions, industry stakeholders indicate that administrative processes typically slow down during civic election periods, as many officials are preoccupied with election duties. This has led developers to adjust their timelines for various discretionary approvals, such as revised commencement certificates, layout…

IndustryLatest Stories

Amaravati Real Estate Revives, But Affordability Woes Persist

Representative AI image VIJAYAWADA: As 2025 approaches its end, the real estate market in Amaravati, the capital of Andhra Pradesh, is experiencing a significant revival. Developers, investors, and homebuyers are growing increasingly optimistic about the opportunities that 2026 will bring. After enduring years of policy ambiguity and stagnation, Amaravati is once again emerging as an attractive investment location, thanks to accelerated infrastructure development, clear policy frameworks, and on-the-ground execution. Ongoing large-scale projects including government buildings, roads, housing developments, and utility infrastructure are steadily progressing, instilling renewed confidence among stakeholders. Unlike previous phases marked by mere announcements, this current momentum is…

Latest StoriesRera

Gujarat RERA Streamlines Grievance Resolution Process

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has introduced a new standard operating procedure (SOP) aimed at enhancing the grievance redressal process for property buyers and stakeholders. The updated SOP adopts a digital-first approach, bolstering the existing online mechanisms and clearly outlining procedural timelines and roles. Individuals purchasing property can now file complaints from the comfort of their homes using the GujRERA portal. While an offline option remains, online submissions are encouraged for swift resolutions. Upon submitting an online complaint, a physical copy must also be delivered to the RERA office within seven days, according to a state government…