Category: Latest Stories

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CommercialLatest Stories

WeWork India Reports ₹14.14 Crore Loss Ahead of IPO

NEW DELHI: WeWork India, a major player in co-working spaces, is set to launch its Initial Public Offering (IPO) this week. The company has reported a loss of Rs 14.14 crore for the first quarter of this fiscal year, despite an increase in revenue, driven by robust office demand. The loss in the same quarter last year was Rs 29.17 crore. WeWork India’s revenue from operations rose by 19% to Rs 535.31 crore in the April-June quarter, compared to Rs 448.65 crore during the same period last year, as indicated in the latest Red Herring Prospectus (RHP) submitted to SEBI.…

IndustryLatest Stories

DLF Cyber City Secures ₹1,100 Crore via NCDs

NEW DELHI: DLF’s rental arm, DCCDL, has successfully raised Rs 1,100 crore by issuing non-convertible debentures through a private placement. According to a regulatory filing on Tuesday, the securities allotment committee of DLF Cyber City Developers Ltd (DCCDL) approved the allotment of 1,10,000 Non-Convertible Debentures (NCDs) totaling Rs 1,100 crore to eligible investors. These NCDs come with a coupon rate of 6.91 percent per annum, payable quarterly. DCCDL is a joint venture involving DLF and Singapore’s sovereign wealth fund GIC, with DLF owning nearly 67 percent of the partnership. The company has a vast operational portfolio, encompassing 44 million sq…

CommercialLatest Stories

Net Office Leasing Jumps 35% in Top 8 Cities: C&W

Certainly! Here’s a rewritten version of the provided content: — NEW DELHI: Net leasing of office spaces rose by 35% across eight major cities in the July-September quarter, reaching 16.25 million sq ft, driven by increased demand from both domestic and international companies, as reported by Cushman & Wakefield. According to data from the real estate consultant Cushman & Wakefield, office space leasing experienced growth in cities such as Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. However, Mumbai and Bengaluru saw a decline in net demand. Net absorption, a crucial measure of real estate demand, reflects the net change in…

IndustryLatest Stories

Maharashtra Launches Authority to Fast-Track Self-Redevelopment

MUMBAI: On Monday, the state government designated a new authority, led by BJP MLC Pravin Darekar, to expedite self-redevelopment projects. As the chairman of the newly established Self-Group Redevelopment Authority (SGRA), Darekar will hold the status of a Minister of State. He is known to have close ties with CM Devendra Fadnavis and also oversees the Mumbai District Cooperative Bank. The SGRA aims to facilitate the redevelopment of old structures, while Mhada, the state housing authority, will serve as the coordinating agency for these projects. Under self-redevelopment, housing societies manage the redevelopment themselves by hiring a project management consultant, architect,…

Latest StoriesResidential

Mumbai Property Registrations Surge 32% in September 2025

MUMBAI: In September, property registrations in the Mumbai municipal area surged by 32% to 12,070 units, driven by strong festive demand, as reported by Knight Frank India. According to data from the Maharashtra government, the city of Mumbai (within BMC jurisdiction) saw 12,070 property registrations last month, up from 9,111 units during the same period in the previous year. The figures include transactions from both primary (first sale) and secondary (resale) markets. “Mumbai city recorded a 32% year-on-year increase in property registrations for September,” noted the consultant. Stamp duty collections reached Rs 1,292 crore, reflecting a 47% year-on-year rise, with…

InfrastructureLatest Stories

Infopark, Cochin to Build Integrated AI Town by 2030

Representative AI image KOCHI: Authorities announced that the planned Infopark Phase III campus, anticipated to draw Rs 25,000 crore in investment, will be completed by 2030. During a joint press conference on Tuesday, Infopark CEO Susanth Kurunthil and Greater Cochin Development Authority (GCDA) chairman K Chandran Pillai stated that a notification regarding the pooling of 300 acres in Kizhakkambalam panchayat would be issued soon, with the project’s master plan expected within a year. The new campus, envisioned as a world-class ‘Integrated AI Township,’ is projected to create 200,000 direct jobs and over 400,000 indirect jobs, driving Kerala’s development and transitioning…

IndustryLatest Stories

Goa Owners Must Pay Circle Rate to Regularize Structures

PANAJI: Goans wishing to legalize structures on government or comunidade land will need to pay according to the minimum land price set by the state government. Chief Minister Pramod Sawant announced on Sunday that property owners will be charged based on the circle rate. The cabinet has discussed the rate for regularizing structures under the ‘Majhe ghar’ scheme. A cut-off date of 2014 has been established for this regularization process. Currently, the minimum land price varies across different talukas. Some ministers advocate for a single rate for regularization, while others point out disparities where lower prices in certain talukas lead…

InfrastructureLatest Stories

Tumakuru, Shivamogga City Corporations Plan Expansion

BENGALURU: The government has decided to expand the boundaries of Tumakuru and Shivamogga city corporations by incorporating surrounding villages. The Tumakuru City Corporation (TCC) is set to grow by including 54 villages across 14 gram panchayats, expanding its jurisdiction from 48 sq km to 174 sq km. Home Minister G Parameshwara, who is also responsible for the district, informed TOI that Tumakuru, located near Bengaluru, is experiencing rapid growth, necessitating an expansion for development purposes. “I have instructed the deputy commissioner and TCC commissioner to expedite the process of including villages from 14 GPs. All necessary steps will be taken…

IndustryLatest Stories

Ahmedabad’s 50% Discount on Leases Leads to ₹23 Crore Loss

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has reported a loss of Rs 23 crore due to the temporary leasing of plots at a 50% discount based on new jantri rates. The AMC leases reserved plots throughout the city to builders, traders, social organizations, and companies, applying new jantri rates for these plots. However, a 50% discount is factored into the total rent calculated. On Friday, the AMC’s estate department proposed to increase the temporary plot rent from 50% to 65% of the new rate, but this proposal was rejected by the standing committee. The state government announced on February 4,…

IndustryLatest Stories

PM Svamitva Yojana: Legal Ownership & Empowerment in Rural AP

VIJAYAWADA: For generations, millions of families in rural Andhra Pradesh have lived on ancestral lands without legal documentation to prove their ownership. Although these lands were inherited and enjoyed for decades, the absence of title deeds prevented villagers from selling their properties or using them to secure loans. To address this issue, the PM Svamitva Yojana was launched by the Union government and is being actively implemented by the Andhra Pradesh government. The scheme is revolutionizing rural India. Utilizing advanced technologies such as drones and rovers, survey teams systematically map every area of the villages, including Gram Kantham Abadi and…