Category: Latest Stories

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Latest StoriesResidential

eClinicalWorks Founder’s Family Buys Luxury Worli Flat at ₹2.5L/sq ft

Representative Image MUMBAI: Radhi Girish Navani, wife of Girish Navani, co-founder and CEO of eClinicalWorks, has purchased a luxury sea-view apartment in Mumbai for ₹162.2 crore, approximately ₹2.5 lakh per square foot, marking it as one of the nation’s priciest residential transactions. The apartment features a RERA carpet area of 6,458 sq ft, which includes a 645 sq ft balcony, and grants the buyer access to four exclusive car parking spaces. The transaction benefited from a 1% stamp duty discount offered to women homebuyers under Maharashtra regulations, with the stamp duty paid totaling ₹8.11 crore for the registration. Located on…

IndustryLatest Stories

Builders in Tamil Nadu Can Register Sales of Properties Online

CHENNAI: The Tamil Nadu registration department will implement its ‘Anywhere registration facility’ for the first sale of plots and flats starting August 17. This system enables builders and developers to register documents digitally without visiting sub-registrar offices. The announcement was made by Commercial Taxes and Registration Minister T. Logesh Tamilselvan after a review meeting with heads of sub-registrar offices, district registrars, revenue officers, and other senior officials at the integrated commercial taxes complex in Nandanam. “This initiative aims to enhance the transparency, efficiency, and accessibility of registration services, while mitigating congestion at sub-registrar offices,” said Logesh Tamilselvan. Under the new…

CommercialLatest Stories

Delhi-NCR Flex Space Makes Up 45% of Q2 2026 Office Leasing

Representative AI image NEW DELHI: Delhi-NCR saw a notable increase in flexible office space demand in Q2 2026, with flex operators representing 45% of the region’s total office leasing, as reported by CBRE South Asia. The area experienced total office leasing of approximately 3.6 million sq ft in this quarter, with flexible leasing contributing around 1.6 million sq ft. Research, consulting, and analytics firms made up 17% of the leasing activities in Delhi-NCR, followed by technology occupiers at 12%. In terms of new office supply, the region added about two million sq ft. According to CBRE, flexible leasing in Delhi-NCR…

Latest StoriesRegulatory

Chandigarh Estate Office Doubles Revenue Recovery in FY26

CHANDIGARH: The UT estate office has seen a remarkable increase in revenue for the financial year 2025-26, collecting Rs 335.05 crore compared to Rs 164.5 crore in the previous year. This represents a growth of over Rs 170 crore, which is more than 103%, attributed to enhanced enforcement, digital improvements, and quicker resolution of pending cases. An official from the estate office revealed that significant advancements have been made in the revenue collection mechanisms over the last two years. Strategies included focused recovery drives, timely issuance of demand notices, expedited case resolutions, digitization of records, online payment options, and rigorous…

Latest StoriesRera

Haryana RERA Rejects Neo Developers’ Unit Cancellation Notice

NEW DELHI: The Gurugram bench of the Haryana Real Estate Regulatory Authority (RERA) has annulled the cancellation notice issued by Neo Developers, deeming it invalid. This ruling pertains to the case of Suman Lata against Neo Developers, concerning a commercial unit in Neo Square, Sector 109, Gurugram. The complainant approached the authority to challenge the cancellation and requested that the developer honor the commitments specified in the builder-buyer agreement and memorandum of understanding. The authority highlighted that the allottee had made significant payments amounting to ₹84 lakh, despite the total basic sale price being ₹75 lakh. It ruled that the…

InfrastructureLatest Stories

CAQM Reports 62 Pollution Violations in NCR Industries and C&D Sites

Representative AI image NEW DELHI: The Commission for Air Quality Management (CAQM) conducted inspections at construction and demolition (C&D) sites and industrial units in the National Capital Region (NCR) from June 14 to June 30, identifying 62 violations of pollution control regulations, officials announced on Monday. The CAQM Enforcement Task Force (ETF) reviewed reports from 173 inspections and enforcement actions during their 134th meeting on Monday. Inspection teams conducted 15 inspections at C&D sites, 91 in industrial areas, and 67 related to diesel generator sets. A total of 62 violations were reported: seven from C&D sites, 31 from industrial sectors,…

InfrastructureLatest Stories

Dehradun Master Plan 2041: Public Consultation Opens

DEHRADUN: A 12-day public consultation for the Dehradun Master Plan 2041 kicked off on Monday. At the initial sector-wise hearing organized by the Mussoorie Dehradun Development Authority (MDDA), residents presented 18 suggestions and objections. The first consultation, focusing on Sector 1, took place at Shakun Sports Academy in Ajabpur Khurd. Hearings for other sectors will continue until July 21, excluding weekends, from 11 AM to 5 PM, before the draft Master Plan is finalized. An MDDA official mentioned that approximately 50 to 60 individuals attended Monday’s session. “The Master Plan has faced delays, so we aim to complete the consultation…

Latest StoriesResidential

Housing Minister Issues Sanction Letters to 31 PMAY-Urban Recipients

CHANDIGARH: On Monday, Union Minister for Housing and Urban Affairs, Manohar Lal Khattar, distributed sanction letters to 31 beneficiaries under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), emphasizing the Centre’s dedication to providing permanent housing for all eligible low-income families. While addressing a PMAY-U 2.0 event at the Karnal Municipal Corporation, the minister stated that home ownership is essential for dignity, security, and a better tomorrow. He assured that welfare schemes are designed to ensure that benefits reach every eligible individual. The PMAY-U 2.0 initiative, launched on September 1, 2024, targets permanent housing for economically weaker and qualified urban families. The…

IndustryLatest Stories

South Indian Developers Boost Presence in Mumbai Housing Market

Representative AI image Mumbai’s property market is experiencing renewed competition as major real estate developers from South India focus on the country’s largest market, drawn by ongoing housing demand and lucrative redevelopment prospects. The current entrants are utilizing a more measured approach than previous out-of-market attempts, emphasizing redevelopment projects, joint development agreements, and partnerships with local landowners, thereby establishing a capital-efficient pathway into India’s priciest property sector. Developers like Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand, and RMZ are either entering or preparing to enter the Mumbai market through various redevelopment initiatives and land acquisitions, looking to expand beyond their…

IndustryLatest Stories

Gurugram: Notices Issued to Illegal Buildings near Sultanpur Park

File Photo GURUGRAM: Nearly a week after identifying 183 alleged violations in the eco-sensitive zone (ESZ) of Sultanpur National Park, authorities commenced enforcement actions on Monday. Officials from various departments—including forest and wildlife, town and country planning (DTCP), Haryana State Pollution Control Board (HSPCB), and public health engineering (PHED)—inspected residential, commercial, and farmhouse properties within the designated ESZ to verify permits and construction status. Joint teams evaluated illegal structures, leading the forest department to issue initial notices and initiate demolition proceedings for under-construction buildings. This action marks a significant shift, as the forest department had rarely issued such notices independently…