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.

Latest StoriesResidential

Goa to Provide Financial Aid for ST Home Regularization

PANAJI: The state government announced the Mukhya Mantri Janjatiya Mhaje Ghar Yojana on Thursday, providing financial support for purchasing or regularizing land or housing for members of the Scheduled Tribe (ST) community. Nilesh Dhaigodkar, the Director of Tribal Welfare, stated that the scheme aims to help eligible ST community members purchase or regularize housing with land, based on prices set by the relevant authorities. Under this initiative, the government will offer 100% financial support via reimbursement for properties acquired pre-1972, with a cap of Rs 1 lakh. For properties acquired post-1972, the reimbursement will be 50% of the purchase cost,…

Latest StoriesResidential

Gurugram: Imperia Esfera Residents Seek Structural Audit

GURUGRAM: A balcony section collapsed at a luxury apartment complex in Sector 37D on a rainy Thursday morning, according to police reports. Fortunately, there were no immediate injuries reported. The incident took place in Tower E of the Imperia Esfera Phase-2 complex, where residents heard a loud noise as part of the first-floor balcony fell. A resident noted that although people were walking underneath the balcony at the time, no one was struck by the debris, and there were no reported injuries. Authorities arrived promptly and cordoned off the area. An investigation has been initiated, and inspections are underway. This…

Latest StoriesRegulatory

Punjab & Haryana HC Halts New Allotments in Gurugram Project

NEW DELHI: The Punjab & Haryana High Court has issued an order preventing IREO Group entities and Oberoi Realty from making new allotments or establishing third-party rights in a residential project located in Gurugram until the Haryana Department of Town and Country Planning (DTCP) reviews a complaint submitted by Advance India Projects. The interim order, issued on July 7, 2026, relates to the ‘Three Sixty North’ project on Golf Course Extension Road in sector 58, Gurugram. In a regulatory announcement, Oberoi Realty stated that the court’s directive does not affect existing sales and does not halt construction work. The company…

IndustryLatest Stories

Amaravati Phase I on Track, Completion Expected Next Year: Minister

Representative AI image VIJAYAWADA: P Narayana, the Municipal Administration and Urban Development Minister, has confirmed that all projects in Amaravati are on track. He rejected opposition criticism regarding the capital city development, stating that comparisons between the costs of iconic structures and regular buildings were designed to mislead the public. During a review meeting on Wednesday, Narayana assessed the progress of Amaravati’s construction with representatives from contracting firms and senior officials. He expressed optimism that the first project phase would finalize on time. The discussion included updates on government buildings, road networks, and land pooling scheme layouts currently under development.…

InfrastructureLatest Stories

Chennai Body Engages Stakeholders for Third Master Plan

CHENNAI: The Greater Chennai Corporation (GCC) has proposed several strategies for climate-resilient planning, including waterbody protection, GIS monitoring, enhanced social infrastructure, and urban planning aligned with future water and sewerage networks. This comes as the Chennai Metropolitan Development Authority (CMDA) begins stakeholder discussions for its upcoming master plan for the Chennai Metropolitan Area (CMA). Stakeholders include GCC, Metrowater, police, and other agencies. “Draft proposals have been shared with various departments for validating data accuracy, evaluating future infrastructure needs, and providing feedback before finalizing the plan. These consultations aim to create a comprehensive blueprint for Chennai’s development until 2046,” stated a…

IndustryLatest Stories

Nagpur Civic Body Plans Property Tax Hike After ‘No New Tax’ Budget

Sure! Here’s a rewritten version of your content: NAGPUR: No new taxes or increases to existing taxes were proposed in the budget presented by the Nagpur Municipal Corporation standing committee on June 27. However, a suggestion to raise property tax by 10% is on the agenda for the committee’s first meeting post-budget, scheduled for July 10. The proposed increase aims to generate an additional ₹15.42 crore in revenue for the NMC. This proposal comes from the property tax department as part of the annual tax rate revisions. The decision now hinges on the approval of standing committee chairperson Shivani Dani.…

IndustryLatest Stories

Delhi’s Drone Property Survey Pilot Project to Launch Soon

NEW DELHI: The Municipal Corporation of Delhi (MCD) is initiating a pilot project utilizing drones and advanced mapping technologies to enhance property tax assessment. Officials note that this initiative aims to identify properties that have not been assessed or are under-assessed, thereby addressing revenue losses. This pilot project follows the signing of memorandums of understanding (MoUs) with four agencies on June 2, under the “Pilot Drone-based Geospatial Survey and Digital Twin Initiative.” The agencies will independently carry out surveys employing drone-based aerial imagery, LiDAR mapping, GIS asset mapping, Digital Twin technology, 3D city modeling, and advanced data analytics, with no…

IndustryLatest Stories

Delhi CM Orders Probe into Stamp Duty Evasion via GPAs

NEW DELHI: Chief Minister Rekha Gupta has issued stringent orders to address the misuse of power of attorney aimed at avoiding stamp duty. She instructed that all power of attorney documents executed for non-blood relations be reviewed and decisions made by stamp collectors in Delhi within 30 days. This initiative is expected to mitigate revenue loss in immovable property registrations and tackle the land mafia along with irregular practices observed in sub-registrar offices, according to a statement from the Chief Minister’s Office. The General Power of Attorney (GPA) documents granted in favor of individuals outside immediate family (parents, spouses, children,…

IndustryLatest Stories

OC Amnesty Scheme for Pre-2016 Mumbai Buildings Approved

MUMBAI: The BMC standing committee has approved an amnesty scheme to issue occupation certificates (OCs) for buildings where families reside but lack these documents. Just under two weeks ago, the committee members requested a review of the scheme. On June 25, the committee called for clearer guidelines, accountability for developers and architects, and the inclusion of corporators’ feedback prior to endorsing the proposal. The proposal, originally presented in April, faced delays due to concerns over a clause limiting eligibility to housing units up to 80 sq m (860 sq ft). BJP Leader of the House Ganesh Khankar highlighted that ordinary…

InfrastructureLatest Stories

DPCC Launches Dust Portal 2.0 for Better Pollution Monitoring in Delhi

Representative AI image NEW DELHI: The Delhi Pollution Control Committee (DPCC) has announced that all construction and demolition projects must submit regular compliance reports, install air quality sensors, and provide live camera feeds for real-time monitoring as part of the upgraded Dust Portal 2.0. To enhance oversight of dust pollution from construction activities, the DPCC has released a user manual for the new version of its Dust Pollution Control Self-Assessment Portal. All construction and demolition projects occupying a plot of 500 square meters or more are mandated to register on the platform, which aligns with directives from the Commission for…