Category: Latest Stories

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CommercialLatest Stories

Brookfield India REIT Secures ₹3,500 Crore for Growth, Debt Relief

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has successfully raised ₹3,500 crore through a qualified institutional placement (QIP) of units, representing one of the largest capital raises by an Indian REIT. The offering, which commenced on December 10, 2025, saw demand surpass three times the available amount. According to the disclosure, the REIT garnered over ₹10,900 crore in demand from both domestic and foreign institutional investors, resulting in the allotment of 10.94 crore units under the QIP. The funds raised will be utilized for portfolio expansion, including the planned acquisition of Ecoworld, a 48-acre, 7.7 million sq…

IndustryLatest Stories

India’s SM REIT Market to Exceed $75 Billion: CBRE

Illustrative AI image NEW DELHI: The market for India’s small and medium real estate investment trusts (SM REITs) has the potential to surpass USD 75 billion, supported by over 500 million sq ft of qualifying office, logistics, and retail assets, as highlighted in a report by CBRE South Asia. SM REITs, which were introduced under SEBI’s regulatory framework in 2024, facilitate fractional ownership of income-generating properties typically valued between ₹50 crore and ₹500 crore, allowing smaller investors to engage in commercial real estate. CBRE indicates that this segment could enhance the institutional framework for mid-sized assets and promote increased transparency,…

InfrastructureLatest Stories

Eviction Drives by Bhubaneswar Body in Patia, Kalarahanga

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) ramped up its efforts to reclaim government land from encroachers by conducting consecutive anti-encroachment drives in the Patia and Kalarahanga regions. On Monday, during the demolition operation in Patia, officials dismantled a 50-foot boundary wall and various concrete structures, successfully reclaiming 50 decimals of land. The significance of the Patia drive was underscored by the illegal occupation of the right-of-way for Patia College Road, which had been disrupting daily traffic. Authorities expect commutes to improve as a result. In Kalarahanga, officials took down two under-construction shops and two water tanks, freeing up an additional…

CommercialLatest Stories

Ranchi Civic Body to Impose Strict Rules on Businesses

RANCHI: Sushant Gaurav, the administrator of Ranchi Municipal Corporation (RMC), convened a high-level review meeting to evaluate the management of revenue-generating assets, regulate unauthorized commercial activities within residential areas, and strategize upgrades for bus stands and market infrastructure within municipal boundaries. The market section presented its revenue collection and accrual report, following which the corporation called for a thorough physical inspection and numbering of all hoardings and monopoles across the city. According to an official statement released on Tuesday, the inspection records will include updated details on the location, permitted size, validity period, agency or occupant name, and outstanding dues.…

Latest StoriesResidential

Telangana Explores PPP Model for Affordable Housing

HYDERABAD: Telangana is committed to ensuring every family has access to affordable housing by 2047, according to revenue, housing, and I&PR minister Ponguleti Srinivas Reddy, who spoke at the ‘Telangana Rising 2047 – Global Summit’ on Tuesday. The minister stated that the government is finalizing a long-term housing policy that prioritizes economic viability, environmental responsibility, and technology to close the widening gap between housing demand and supply. “Our aim is to move beyond piecemeal schemes and establish a comprehensive policy for the next two decades,” he explained, indicating the state’s interest in exploring Public-Private Partnership (PPP) models for affordable housing…

InfrastructureLatest Stories

Surat accelerates land acquisition for transport hub project

SURAT: The Surat Municipal Corporation (SMC) is expediting the acquisition of private land necessary for the Multi-Modal Transport Hub (MMTH) project located near the GSRTC building and the Khand Bazaar railway underbridge. Phase 1 of the project is advancing rapidly, with the GSRTC Inter-State Bus Terminal (ISBT) nearing completion—42% of the work on the east side of Surat railway station has been finished. The elevated road corridor under Phase 2 is approximately 25% complete. To assess progress, municipal commissioner Shalini Agarwal conducted a site inspection, urging officials to hasten the acquisition of private land for the elevated road. She also…

Latest StoriesResidential

7,000 Returnable Plots in Amaravati Still Unregistered: Minister

Representative AI image AMARAVATI: Andhra Pradesh Municipal Minister P Narayana announced on Tuesday that 7,000 out of the total 66,000 returnable plots designated for farmers who contributed land for the new capital city of Amaravati remain unregistered. He mentioned that farmers are currently registering between 30 to 60 plots daily. “Only 7,000 plots are yet to be registered out of 66,000. Farmers are actively registering between 30 to 60 returnable plots each day,” Narayana stated in a press release. He also highlighted that 1,891 plots, involving 450 farmers, are caught in family disputes. The government has made arrangements to facilitate…

IndustryLatest Stories

Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

Latest StoriesResidential

Assam CM Distributes PMAY-G Sanction Letters to 3.25L Beneficiaries

GUWAHATI: Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that the government is committed to providing ‘pucca’ (concrete) houses for all citizens in the state. He made this statement during the launch of the distribution of sanction letters to 325,234 beneficiaries under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) at a state-level event held in Boko, Kamrup district. Sarma highlighted that the initiative aims to secure housing for economically disadvantaged families nationwide, emphasizing the state’s determination to ensure all eligible individuals receive benefits. He noted that on May 19, 2022, the state government distributed sanction letters to 500,000 beneficiaries, releasing…

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…