Category: Latest Stories

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CommercialLatest Stories

Cochin body seeks team for Infopark Phase III land pooling

Representative image created by AI KOCHI: The Greater Cochin Development Authority (GCDA) has requested district collector G Priyanka to form a special team of revenue officials for the land pooling process related to Phase III of Infopark. This request follows the in-principle approval from the Department of Electronics and Information Technology for the project’s implementation across more than 300 acres through land pooling. GCDA emphasizes the necessity to initiate the land pooling process in the upcoming weeks. “We require a team led by a senior official, including a deputy tahsildar, surveyors, and legal experts,” stated a GCDA representative. The district…

Housing FinanceLatest Stories

Banks Boost Loans to Wealthy for Mortgage Growth

MUMBAI: To spark mortgage growth, banks are focusing on the luxury housing market, designing tailored loan products to cater to increasing demand for high-end properties in major cities and their affluent suburbs. “The premium segment continues to thrive, and that is where the growth lies,” stated Manu Singh, head of housing finance at Kotak Mahindra Bank. “Buyers are seeking larger, luxury homes, often looking for second or third residences in Alibaug or Gurgaon. We view home loans as relationship products; our goal is to be a trusted banking partner for the affluent throughout this journey.” In Mumbai and Delhi, luxury…

InfrastructureLatest Stories

New Bengaluru city corporations receive ₹125 crore boost

BENGALURU: The state government has authorized an initial allocation of Rs 125 crore for the five newly established city corporations, which were created from the previous Bruhat Bengaluru Mahanagara Palike (BBMP). Each corporation will receive Rs 25 crore to manage daily administrative and operational costs until a direct tax remittance system is implemented. This decision follows a proposal presented by the Chief Commissioner of the Greater Bengaluru Authority (GBA) under the Greater Bengaluru Administration Act-2024. The Act, enacted on September 2, 2025, restructured BBMP into five independent municipal corporations: Bengaluru West, Bengaluru South, Bengaluru North, Bengaluru East, and Bengaluru Central.…

Latest StoriesRegulatory

SC to Review Appeals on Environmental Clearances Verdict

NEW DELHI: On Tuesday, the Supreme Court agreed to review over two dozen petitions challenging its May 16 ruling that invalidated the Centre’s decision to grant retrospective clearances to projects in violation of environmental regulations. The May 16 ruling, written by former Justice A S Oka, directed the Ministry of Environment, Forests and Climate Change (MoEFCC) and relevant authorities to cease issuing retrospective environmental clearances, emphasizing that every individual has the fundamental right to live in a pollution-free environment. Notably, 25 companies, including the public sector Steel Authority of India Ltd, have petitioned for a review, modification, or clarification of…

Latest StoriesResidential

SEBI Leases ₹7L/month Apartment for Chairman in Prabhadevi

Here’s a rewritten version of the provided content: The Securities and Exchange Board of India (SEBI) has leased a luxury apartment in the upscale Prabhadevi area of south Mumbai for its chairman, with a monthly rent of ₹7 lakh. The three-year lease, signed on September 3, 2025, covers a five-bedroom unit spanning 3,000 sq ft in a premium residential complex overlooking the Arabian Sea. The current Chairman of the capital market regulator is Tuhin Kanta Pandey, who assumed office on March 1. Situated on the 51st floor of Rustomjee Crown, which is part of a 5.75-acre development, the apartment includes…

Latest StoriesRegulatory

Gurugram Court Denies Bail to Ocean Seven Ex-CEO in ₹5.7 Cr Fraud

GURUGRAM: A sessions court has denied anticipatory bail to the former CEO of Ocean Seven Buildtech Pvt Ltd (OSBPL) in a case involving allegations of cheating and forgery. This ruling arrives 12 years after a family was reportedly “induced” to invest ₹2.8 crore with promises of “high returns.” According to complainant Amit Rastogi, that amount with interest grew to ₹5.7 crore over time. The court, presided by sessions judge Vani Gopal Sharma, issued the order on Monday after extensive hearings where the complainant, the state prosecutor, and the buyers’ association objected to bail for former OSB CEO Sanjeev Kumar related…

InfrastructureLatest Stories

Illegal colonies on 155-acre Noida airport land demolished

Representative AI image NOIDA: In a significant crackdown on illegal colonies around the Noida International Airport, the Yamuna Expressway Industrial Development Authority (YEIDA) reclaimed nearly 155 acres of land worth ₹2,500 crore in Bulandshahr on Tuesday. This demolition initiative follows a recent TOI article titled “Khosla ka Ghosla, by Invite” which highlighted how land sharks were misleading potential homebuyers with falsely marketed “prime airport plots” in Khair tehsil, Aligarh. On Tuesday, a team led by OSD Shailendra Kumar Singh demolished unauthorized colonies, including Aeronest Coloniser (Jhajhar), Shri Radha Gauri Enclave (Kakod), and Rudra Properties (Kakod) in Jhajhar and Kakod villages.…

Latest StoriesRegulatory

Builders’ Office E-Registration Gains Popularity in Maharashtra

PUNE: On Tuesday, state property registration officials announced that the online registration process for first-sale properties from builders has gained popularity since its launch two years ago, decreasing the load on sub-registrar offices. Nearly 700 developers have joined the platform. As of September 2023, over 11,000 property documents have been registered online from developer offices, with 3,974 registered in the current financial year, as per departmental data. DIG (IT) Abhay Mohite mentioned that online registrations are expected to increase further during the festive season. “User feedback has been positive. Developer organizations are actively promoting the facility, and we anticipate the…

IndustryLatest Stories

CCI Approves PNC Infratech’s Bid for Jaiprakash Associates

Sure! Here’s a rewritten version of the content you provided: — NEW DELHI: The Competition Commission of India (CCI) announced on Tuesday that it has granted initial approval for PNC Infratech’s proposal to acquire the financially troubled Jaiprakash Associates, contingent upon winning the ongoing insolvency bid. The proposal involves PNC Infratech acquiring between 95% to 100% of Jaiprakash Associates Ltd (JAL), either directly or through a wholly-owned subsidiary that may be established for this purpose. The CCI confirmed the acquisition’s approval via a post on X, stating, “Commission approves proposed acquisition of Jaiprakash Associates Ltd by PNC Infratech Ltd.” In…

Latest StoriesResidential

Mahindra Lifespaces to Redevelop Two Chembur Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development branch of the Mahindra Group, is set to redevelop two housing societies in the Diamond Garden area of Chembur, Mumbai. According to Vimalendra Singh, Chief Business Officer (Residential) at the company, “Redevelopment continues to be vital in our growth journey. It allows us to deliver high-quality residential projects to areas with strong demand.” The two societies cover approximately 2.6 acres and 1.8 acres, with a combined gross development potential of around ₹1,700 crore. Published On Sep 17, 2025, at 09:16 AM IST Join 2M+ industry professionals! Subscribe to…