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.

Housing FinanceLatest Stories

IFC to Invest ₹300 Crore in Grihum Housing’s RMBS

NEW DELHI: The International Finance Corporation (IFC) aims to enhance homeownership among low- and middle-income families by investing up to ₹300 crore (approximately USD 30 million) in Residential Mortgage-Backed Securities (RMBS) issued by Grihum Housing Finance, a company specializing in affordable housing finance. This issuance aims to stimulate private capital for affordable mortgage lending and develop India’s RMBS market, according to a statement released by the IFC, an entity of the World Bank Group, on Friday. RMBS instruments are securities backed by collections of retail residential mortgages. They enable housing finance providers to transform loan cash flows into tradable securities,…

InfrastructureLatest Stories

Public Transport Should Lead Urban Mobility, Says Housing Ministry

NEW DELHI: Union Minister of State for Housing and Urban Affairs, Tokhan Sahu, emphasized on Tuesday the need for public transport to become the primary mobility option in Indian cities. He highlighted that the increasing reliance on private vehicles is worsening air quality and traffic congestion, especially in the national capital. During a conclave hosted by the Delhi chapter of the National Real Estate Development Council (NAREDCO), Sahu stressed that urban planning should prioritize public mobility, enhance last-mile connectivity, and encourage housing developments near workplaces to boost the overall quality of life. He also noted that development must strike a…

InfrastructureLatest Stories

Gurugram-Noida RRTS: Draft Report Reveals Six Stations

GURUGRAM: The NCR Transport Corporation has presented a draft detailed project report (DPR) to the Haryana government for a rapid rail corridor connecting IFFCO Chowk in Gurgaon to Surajpur in Greater Noida. This corridor is essential for the Central government’s vision of a high-speed rail link between Delhi’s IGI airport and the future Noida International Airport in Jewar. The DPR has been submitted for the Haryana government’s feedback. As outlined in the draft, the corridor will traverse Sector 54, enter Faridabad at Bata Chowk, and continue through the Sector 85-86 intersection towards Noida sectors 142/168 before reaching Surajpur. The corridor,…

InfrastructureLatest Stories

Five Roads in Jaipur Metro Designated as Transit Corridors

JAIPUR: The Jaipur Development Authority (JDA) has designated five crucial roads along the metro line as Transit-Oriented Development (TOD) corridors. A TOD corridor is an area within an 800-meter radius of metro stations, where mixed land use—residential, commercial, and industrial—will be mandatory. On Thursday, JDA Commissioner Anandhi announced that this decision aligns with the state government’s Transit-Oriented Development Policy-2025. The TOD corridors include: Veer Tejaji Circle to Pandit TN Mishra Marg junction (1.4 km) Pandit TN Mishra Marg junction to Bharat Ashram Marg junction (1.5 km) Bharat Ashram Marg junction to Janpath Marg junction (1.1 km) Janpath junction to ESI…

InfrastructureLatest Stories

Five Jaipur Metro Roads Designated as Transit-Oriented Corridors

JAIPUR: The Jaipur Development Authority (JDA) has announced five major roads along the metro line to be designated as Transit-Oriented Development (TOD) corridors. A TOD corridor is an area within an 800-meter radius of metro stations, where mixed land use—including residential, commercial, and industrial—is required. On Thursday, JDA commissioner Anandhi stated that this decision aligns with the state government’s Transit-Oriented Development Policy-2025. The designated TOD corridors include: Veer Tejaji Circle to Pandit TN Mishra Marg junction (1.4 km) Pandit TN Mishra Marg junction to Bharat Ashram Marg junction (1.5 km) Bharat Ashram Marg junction to Janpath Marg junction (1.1 km)…

Latest StoriesRegulatory

ED Seizes Vatika, Unitech Assets in Homebuyers’ Fraud Case

NEW DELHI: The Enforcement Directorate has attached assets valued at ₹80 crore from real estate firms, including Vatika and Unitech Groups, as part of a money laundering investigation concerning the Gurugram-based Ramprastha Group for alleged homebuyer fraud. A provisional order was issued by the federal investigative agency on Wednesday to attach these properties under the Prevention of Money Laundering Act (PMLA). The investigation focuses on Ramprastha Promoters and Developers Pvt Ltd (RPDPL) and its related entities. The total value of the attached assets is ₹80.03 crore, as stated by the Enforcement Directorate (ED). “The attached assets encompass movable and immovable…

CommercialLatest Stories

Starlink Leases Office Space in New Delhi with CorporatEdge

Elon Musk’s Starlink has secured its first office in northern India by partnering with premium flexible workspace provider CorporatEdge, according to two sources familiar with the matter. The new 50-seater office is located at the World Trade Center in Nauroji Nagar, Delhi—a location also chosen by OpenAI for its first office in India. Earlier this month, Starlink displayed comprehensive residential pricing on its local website, indicating an upcoming launch in India, although they later clarified that this was due to a glitch. As firms like OpenAI and Starlink establish their presence in India, a centralized location in Delhi allows them…

Latest StoriesRegulatory

Allahabad HC upholds ED proceedings in Grand Venice case

PRAYAGRAJ: The Allahabad High Court on Thursday refused to quash proceedings by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA) concerning the FIR related to the Grand Venice project in Greater Noida, Gautam Budh Nagar. The court made important observations regarding the jurisdictional prerequisites and statutory protections governing the powers exercised under the Act. The Grand Venice project was developed on a commercial plot allocated by the Greater Noida Industrial Development Authority, intended for a theme-based commercial mall and an adjacent commercial tower. On June 9, 2015, an FIR was filed at the Kasna police…

IndustryLatest Stories

Gujarat’s Real Estate Transformed by Redevelopment Wave

AHMEDABAD: Gujarat’s real estate sector is undergoing a significant transformation as redevelopment and joint development projects rapidly gain traction due to rising land prices and changing business models. Official statistics reveal a notable increase in registered development agreements, indicating that builders and landowners are opting for partnership models rather than outright land acquisitions. In 2024, a total of 777 redevelopment and joint development agreements were recorded in Gujarat, generating over Rs 55 crore in stamp duty for the state government. The momentum continued into 2025, with 983 agreements registered by November 30, yielding more than Rs 59 crore in stamp…

InfrastructureLatest Stories

Goa’s Panchayat Courts Swamped by 3,228 Illegal Builds

MARGAO: The state’s panchayat judicial system is currently overwhelmed with over 3,200 illegal construction cases. Experts suggest that this reflects a deliberate undermining of local governance in favor of the construction lobby. Official statistics reveal a staggering 2,179 cases are pending before the additional director of panchayats in North Goa, while another 1,049 cases await attention in South Goa. This brings the total backlog to 3,228 cases. From January 2022 onwards, 436 cases have emerged across various levels of the directorate of panchayats—338 are pending before additional directors’ courts, 86 before deputy directors, and 12 before the director of panchayats…