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.

CommercialLatest Stories

Apple Extends Office Lease in Mumbai’s Bandra-Kurla Complex

Apple India has extended its lease for several office floors at Maker Maxity in the Bandra-Kurla Complex, Mumbai, while also acquiring additional space in the tower. This expansion underscores Apple’s increasing footprint in India’s financial hub as its operations in the country continue to grow. The company has renewed its leases for office units on the 5th, 6th, 7th, and 8th floors of Maker Maxity 4 & 5 North Avenue, and has signed a new lease for the 10th floor and the terrace area. Altogether, the leased space now encompasses 37,549 square feet across five floors, with Apple set to…

Latest StoriesRegulatory

HC Orders Jaipur Civic Body to Seal Illegal Buildings

JAIPUR: The High Court has taken a strong stance against commercial activities in the residential areas of Jaipur’s walled city. On Friday, a division bench instructed the state government and the Jaipur Municipal Corporation (Heritage) to seal the remaining buildings among 19 illegal structures identified on Haldiyon Ka Raasta. The court emphasized that compliance with this order falls under the responsibility of the JMC-H commissioner. The division bench, comprising Justice Sanjeev Prakash Sharma and Justice Sanjeet Purohit, issued this directive in a suo motu case concerning commercial encroachments in residential zones. They have scheduled the next hearing for October 8,…

IndustryLatest Stories

Hyderabad Land Auctions Fall Flat, Most Plots Remain Unsold

Representative AI Image HYDERABAD: The Telangana government is making efforts to increase revenue through land auctions, though the Hyderabad Metropolitan Development Authority (HMDA) encountered a tepid response for its recent offerings, with most plots remaining unsold. In Turkayamjal, only two bidders showed interest in the 12 available plots, indicating a lack of market enthusiasm. After a two-year pause, HMDA resumed land auctions, offering 93 open plots for bidding from September 17-19 across the city. This include 70 plots in Bachupally, 12 in Turkayamjal, and four each in Kokapet, Poppalguda, Chandanagar, and Bairagiguda in the Rangareddy district. An additional seven plots…

IndustryLatest Stories

Eight Dead in 345 Building Crashes Since 2021: RTI

Representative Image MUMBAI: Between 2021 and August 2025, the city witnessed 345 incidents of total or partial cessed building collapses, resulting in 8 fatalities and 28 injuries, according to data acquired under the Right to Information (RTI) Act by activist Jeetendra Ghadge. While the number of deaths is lower compared to previous decades, records from Mhada spanning 1970 to 2018 indicate that 815 people have lost their lives in such incidents. The Maharashtra government modified the Mhada Act in 2020 to expedite the redevelopment of precarious cessed buildings. The 2020 amendments—which introduced Sections 79A and 79B—were a response to repeated…

IndustryLatest Stories

Catena Homes India faces ₹25-crore fraud claims over fake leases

BENGALURU: Catena Homes India Pvt Ltd, a Bengaluru-based property management company, is facing significant backlash after seven FIRs were lodged at various police stations. The complaints accuse the firm and its directors of defrauding tenants and homeowners of nearly Rs 25 crore through fraudulent lease and rental schemes. Authorities have arrested three individuals: Naveen, Raman, and Ranjith. The incidents span several areas, including Parappana Agrahara, Varthur, Ramamurthy Nagar, Amruthahalli, and Electronic City. The first complaint was registered by a resident of Bengaluru, who reported losing almost Rs 10 lakh on September 1 after being misled by the company’s rental promises.…

IndustryLatest Stories

Crores-Worth HSVP Plots in Panchkula’s Sector 21 Become Dumping Ground

Representative AI image PANCHKULA: Prime residential plots in Sector 21, Part 3, developed and auctioned by the Haryana Shehri Vikas Pradhikaran (HSVP) for millions of rupees have been shockingly converted into an unofficial dumping ground for horticulture and construction-demolition (C&D) waste, allegedly by vehicles from the Municipal Corporation and private contractors. According to reports, HSVP was responsible for development in the area after auctioning the plots to buyers last year, with some yet to be auctioned. However, following this, the development authority seemingly halted its activities, allowing private contractors to exploit the absence of oversight. Some residents hold the Municipal…

IndustryLatest Stories

Emaar Properties to Keep Stake, Considering JV with Major Firms

NEW DELHI: Dubai’s Emaar Properties has confirmed it will not sell stakes in its Indian subsidiary but is exploring potential joint ventures with major Indian business groups, including the Adani Group. In a regulatory update to the Dubai Financial Market on September 18, Emaar stated it “is no longer considering the sale of any stake in its Indian entity.” Instead, the company is looking into partnerships with large firms or groups in India, specifically mentioning the Adani Group. Emaar Properties first entered the Indian real estate market in 2005 by partnering with MGF Development, committing around Rs 8,500 crore through…

IndustryLatest Stories

Deputy CM Calls for Action on 65 Illegal Kalyan-Dombivali Builds

THANE: Maharashtra’s Deputy Chief Minister, Eknath Shinde, has initiated a rigorous investigation and legal measures against those responsible for constructing 65 unauthorized buildings in the Kalyan-Dombivli area of Thane district, officials announced on Friday. These buildings have been declared unauthorized by the High Court, leaving residents facing eviction after being misled by builders who sold them properties without legal sanction. “Deputy Chief Minister Eknath Shinde has instructed an investigation into the developers who deceived residents of these 65 unauthorized buildings in Kalyan-Dombivli. He has directed the municipal commissioner to lodge a complaint with the Economic Crime Investigation Branch,” the statement…

InfrastructureLatest Stories

Trial Run Completed on 5km Stretch of Indore Metro Phase II

INDORE: A successful trial run for the second phase of the metro rail was conducted in Indore, Madhya Pradesh, on Friday, according to an official from the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). The metro was tested at a speed of 5-10 km/h over a nearly 5-km stretch between Super Corridor No. 3 and MR-10 stations. This stretch is part of the 17.50-km priority corridor connecting Gandhi Nagar and Radisson Square stations. Commercial operations have already begun on a 6-km section between Gandhi Nagar and Super Corridor station No. 3 as part of the first phase. Before commencing commercial…

InfrastructureLatest Stories

Union Minister Criticizes Haryana for Gurugram Metro Delay

GURUGRAM: Union minister and Gurgaon MP Rao Inderjit Singh criticized the state government on Thursday for delaying the commencement of the new metro line, insisting on the need for accountability and responsibility in the matter. Speaking in Gurgaon, Inderjit pointed out that the foundation stone for the project was laid last year, with ‘bhoomi pujan’ taking place this month. “I hope it doesn’t take another 1.5 years to begin work,” he stated. He mentioned that he has been advocating for the new metro corridor connecting Millennium City Centre to Cyber City since 2018. “I was told multiple times that the…