Category: Latest Stories

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Latest StoriesResidential

Telangana to Sell, Regularize Small Housing Board Plots

Representative Image HYDERABAD: The Telangana government is taking steps to resolve longstanding land and revenue issues by selling small plots of housing board land and regularizing additional land owned by homeowners, while also tightening regulations on leases and rentals to safeguard public assets. During a review meeting on housing department matters, Housing Minister Ponguleti Srinivas Reddy instructed officials to prepare a detailed report concerning the sale of housing board land measuring up to 100 square yards adjacent to existing housing board houses. The proposal also aims to regularize previously allotted additional land. Officials are to gather data on current market…

Latest StoriesResidential

YEIDA Raises LIG Housing Minimum Plot Size to 40 Sq Meters

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has raised the minimum plot size for its housing scheme aimed at the informal sector and lower-income groups from 30 sqm to 40 sqm. This adjustment, stemming from an internal survey of an earlier proposal approved by the board in June, is designed to offer over 3,800 residential plots in sectors 17, 18, and 20. Officials indicated that the survey determined that 30 sqm plots were impractical according to current building regulations and construction practices in the area. Smaller plot sizes would inhibit safe vertical development and functional layouts. In…

Latest StoriesRera

Odisha RERA to Hire Civil Engineers for Buyer Protection

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has started the recruitment of a civil engineer to conduct in-depth evaluations of various real estate projects. This initiative aims to protect the interests of homebuyers and enhance transparency. According to ORERA, the ideal candidate should have prior experience in the role of executive engineer within the roads and buildings division of the works department or similar roles in government or registered private agencies. In its official announcement, ORERA noted, “The selected engineer will perform field inspections as required by the authority in cities like Bhubaneswar, Berhampur, Balasore, Sambalpur, Rourkela, and other…

Latest StoriesResidential

MTNL board okays ₹350.72 crore sale of BKC block to Nabard

Representative AI image NEW DELHI: The board of Mahanagar Telephone Nigam Ltd (MTNL), a state-run entity, has sanctioned the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to NABARD for ₹350.72 crore through a government-to-government direct sale, as stated in a BSE filing on Monday. The National Bank for Agriculture and Rural Development (NABARD) will cover the stamp duty, registration fees, and any associated charges, while MTNL will be responsible for any dues prior to the transfer and the NLMC (National Land Monetisation Corporation) fee outlined in a letter of undertaking dated June 29, 2025. MTNL’s…

CommercialLatest Stories

Concorde Invests ₹125 Crore to Develop Mayfair Commercial Block

NEW DELHI: Concorde, based in Bengaluru, has made a ₹125 crore investment to establish a commercial block at Concorde Mayfair, an integrated development positioned on Bellary Road in Yelahanka. Covering a super built-up area of about 2.51 lakh sq ft, this commercial block is projected to generate annual revenues of approximately ₹30 crore from operations. The structure features retail space on the ground and first floors, while the second to tenth floors will be occupied by office spaces. Additionally, there are dedicated parking facilities in two basements. The company unveiled Concorde Mayfair in June 2024, which spans 3.35 acres and…

CommercialLatest Stories

360 ONE Real Assets Platform Secures ₹2,300 Crore Funding

NEW DELHI: 360 ONE Asset’s real assets platform has successfully raised about ₹2,300 crore through its category II alternative investment fund (AIF) in just four months since launching its fundraising efforts. The fund focuses on infrastructure and income-generating commercial real estate. Nearly all of its committed capital has already been deployed, with the remaining expected to be invested in the upcoming months. Key deployments include partnerships with Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust, and Brookfield’s Bluegrass Business Park. The real assets platform has attracted investments from its proprietary network of UHNIs and family offices across India, bringing…

IndustryLatest Stories

Suhana Khan’s Alibaug property deal still pending, says minister

Representative AI image MUMBAI: A real estate transaction involving Suhana Khan, daughter of Shah Rukh Khan, has come under scrutiny in the Maharashtra Legislative Council. On Thursday, Shiv Sena (UBT) legislator Anil Parab raised concerns regarding the legality of the sale. Revenue Minister Chandrashekhar Bawankule confirmed in a written response that although a registered agreement exists between the sellers and Suhana, the final sale is incomplete pending government approvals. Parab inquired whether a plot in Thal village, Alibaug, previously assigned to Narayan Vishwanath Khote for agricultural purposes, was sold to Suhana without the necessary clearance from the district collector. The…

InfrastructureLatest Stories

Ludhiana’s Dhandhari C&D Plant Running, Short on Waste

Representative AI image LUDHIANA: After considerable delays due to funding issues, local opposition, objections from a ruling party MLA, and construction setbacks, the new construction and demolition (C&D) waste processing plant in Dhandhari is finally operational. However, it now faces a new challenge: insufficient waste is being delivered to the facility. The plant, intended to process C&D waste from across the city, has been active for almost a month, but the amount of waste received remains low, according to city officials. They are now exploring alternative locations to facilitate the dumping of C&D waste before it is transported to the…

IndustryLatest Stories

UP: 1,598 Hectares in Defence Corridor Now Open for Allotment

Representative AI image LUCKNOW: An additional 1,598.92 hectares of land is now available for allocation under the Uttar Pradesh Defence Industrial Corridor (UPDIC), as announced by an official spokesperson on Friday. The Defence Corridor has already allocated 977.54 hectares to 62 companies, resulting in a committed investment of ₹11,997.45 crore and creating 14,256 direct jobs. Furthermore, another 110 MoUs are in the pipeline, expected to attract nearly ₹23,000 crore and generate over 38,000 additional jobs. According to UPEIDA ACEO HP Shahi, the government has sanctioned 2,097 hectares across six nodes—Aligarh, Kanpur, Lucknow, Jhansi, Chitrakoot, and Agra—of which over 2,040 hectares…

InfrastructureLatest Stories

Six Illegal Constructions Sealed in Adarsh Nagar, Jaipur

JAIPUR: The Jaipur Municipal Corporation (JMC) has sealed six illegal constructions in the Adarsh Nagar zone as part of a special drive in areas such as Regaron Ki Kothi, Babu Ka Teeba, Dairy Walon Ki Gali, and Jawahar Nagar. Zonal deputy commissioner Rajendra Kumar noted that routine inspections revealed numerous commercial establishments and plots engaged in construction without the necessary approvals or permissions. “Given the seriousness of the violations, we sealed all six sites. Unauthorized construction not only disrupts planned development but also poses significant safety risks,” he stated. The JMC has emphasized the importance of securing proper approvals before…