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.

InfrastructureLatest Stories

Jaipur begins demolishing unsafe buildings in Walled City

JAIPUR: In response to the tragic building collapse that resulted in two fatalities on Saturday, the Jaipur Municipal Corporation-Heritage (JMC-H) has taken decisive action against deteriorating buildings within the Walled City. On Sunday, eviction notices were served to 23 property owners in the Kishanpole zone. These owners have been ordered to vacate their unsafe premises immediately, with clear warnings that failure to comply could lead to legal consequences and demolition of their structures. In a specific incident at Subhash Chowk, the JMC-H’s engineering team demolished a severely weakened section of a building to avert potential accidents on Sunday. Prioritizing public…

Latest StoriesResidential

Nagpur to Launch Housing Project for Sanitation Workers Soon

NAGPUR: The Nagpur Municipal Corporation (NMC) is set to initiate a housing project under the Dr. Babasaheb Ambedkar Awas Yojana. Shersingh (Satish Dagor), chairman of the Maharashtra State Safai Kamgar Commission, announced on Monday that the first phase will include the construction of 392 two-BHK flats, each spanning 500 square feet, in mauja Nari at an estimated cost of ₹93 crore. A detailed project report has been approved, and Chief Minister Devendra Fadnavis is expected to conduct the bhoomipuja soon. “This project has been long overdue, but it has now overcome all obstacles and will provide dignified housing for sanitation…

InfrastructureLatest Stories

Indore Metro’s Underground Line Could Reach Khajrana Square

INDORE: The length of the underground track for the Indore Metro is set to expand from the originally proposed 4 km stretch running from the Airport to Regal Square, with plans to extend it an additional 2 km to Khajrana Square. The proposal was presented during a meeting of the Madhya Pradesh Legislative Assembly’s Estimates Committee on Monday. Members of the committee emphasized the urgent initiation of underground construction for the much-anticipated Indore Metro project. The committee convened at the Residency Kothi and highlighted the necessity of starting work after consultation with public representatives and building public trust. Recommendations will…

Latest StoriesResidential

VB Probe Looms Over Manimajra Housing Project in Chandigarh

Sure! Here’s a rewritten version of the content, maintaining key details and clarity: — CHANDIGARH: The Municipal Corporation (MC) has initiated a high-value housing project in Manimajra with a reserve price of approximately Rs 800 crore, raising significant concerns due to the lack of a formal policy for allocating 15% of housing units to the Economically Weaker Section (EWS), as required by the Ministry of Housing and Urban Affairs (MoHUA). This issue is notably sensitive given the ongoing Vigilance investigation into the Uppal Housing Society in Manimajra. Though launched in 2005, the society did not construct or allot any EWS…

InfrastructureLatest Stories

Chandigarh: Drone Survey Complete, Field Verification Starts Sept 20

CHANDIGARH: The Chandigarh administration has finalized the drone survey under the NAKSHA pilot program, with field verification of property features set to begin on September 20. A total of twenty survey teams, each consisting of five members, have been formed to systematically execute the task. A review meeting chaired by DC Nishant Kumar Yadav took place this Tuesday to assess the progress of NAKSHA. Officials from the Survey of India (SOI), National Informatics Centre (NIC), Municipal Corporation Chandigarh (MCC), Madhya Pradesh State Electronics Development Corporation (MPSEDC) (via video conference), along with the State Project Management Unit (SPMU), NAKSHA, UT Chandigarh…

IndustryLatest Stories

Embassy REIT Denies Sterling Wilson’s ₹100-Crore Claim

Embassy Office Parks REIT has dismissed claims from Sterling Wilson Renewable Energy and Sterling Wilson Pvt Ltd regarding a supposed Rs 100-crore payment owed by Embassy Energy Pvt Ltd (EEPL), a subsidiary of the REIT. In a regulatory filing on Tuesday, the REIT described the allegations as “frivolous, false and vexatious,” noting that several judicial forums have already ruled against them. Embassy REIT stated that the dispute originates from 2018, prior to its public offering and before EEPL became part of the trust. Sterling Wilson alleges that EEPL has not fulfilled its payment obligations. However, both the National Company Law…

CommercialLatest Stories

Andhra Pradesh Forms Council to Attract GCCs

VIJAYAWADA: The Andhra Pradesh government has taken significant steps to establish the state as a prominent hub for Global Capability Centres (GCCs) by forming a comprehensive GCC advisory council. This initiative gathers CXOs from global companies, influential industry bodies like NASSCOM, business councils, consulting experts, real estate developers, and renowned academic institutions. The aim is to invigorate GCC investments and elevate AP’s status as a leader in the digital economy. IT, electronics, and HRD minister Nara Lokesh will lead the advisory council. GCCs serve as strategic units for multinational corporations, handling functions such as R&D, IT, finance, procurement, and customer…

InfrastructureLatest Stories

15,000 Land Records in Pune Updated with Heirs’ Names

PUNE: Ramesh Jadhav, a farmer from Baramati, faced concerns about a prolonged wait to update his name in the 7/12 extract—the vital land ownership document—after losing his father last year. Fortunately, he was able to make the necessary changes within weeks and at no cost, thanks to a special initiative launched by the Pune district administration. Pune district has now updated over 15,000 land records, replacing deceased landowners’ names with those of their rightful heirs. This update is part of a broader state initiative initiated earlier this year, identifying 21,017 such cases in the district. Additional Collector Suhas Mapari informed…

InfrastructureLatest Stories

Dombivli Demolition Halted as Urban Dept Summons KDMC Chief

KALYAN: The Kalyan-Dombivli Municipal Corporation (KDMC) abruptly cancelled the demolition of Samarth Complex, one of 65 illegal buildings built with fake RERA certificates, after officials were summoned by the state urban development department. The final decision now lies with this department. On Tuesday, prior to the planned demolition at 11 AM, residents of Samarth Complex staged a dramatic protest, threatening to self-immolate with bottles of petrol if KDMC proceeded. They claimed the state government had assured them in February that there would be no demolitions. Since 2020, 65 illegal buildings, many on government land, have been constructed in the Dombivli…