Category: Latest Stories

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CommercialLatest Stories

日本企業、インドでGCCを狙う

AI-generated image (representative) HYDERABAD: Although Japanese companies have joined the global capability centre (GCC) scene in India later than others, the ‘silver tsunami’ in Japan is driving an influx of these firms to India. With approximately 30% of its population aged 65 and older, Japan faces a rapidly shrinking workforce while dealing with modernisation challenges. This situation has propelled Japanese companies to seek out India’s young and talented tech workforce, alongside its robust engineering capabilities and growing innovation ecosystem. As reported by Joules2Watts Business Solutions, India is now home to around 85 Japanese GCCs employing over 180,000 people, a number…

IndustryLatest Stories

HSV Property Dealer Launches Online Urban Estate Resale Platform

Representative AI image CHANDIGARH: The Haryana Shehri Vikas Pradhikaran (HSVP) is poised to rebrand itself as a government-run real estate agency, a decision that may not be well received by private real estate agents and the general public. In response to a shortage of land, HSVP plans to facilitate allottees across its 30 urban estates to resell their properties through an e-auction platform. Allottees will need to express interest (EOI) and pay an initial facilitation fee of 0.25% of the offer price, followed by 0.50% of the final deal amount post-auction. The first e-auctions are scheduled for September 24-28 in…

Latest StoriesResidential

Odisha Launches ₹500–1,500 Monthly Rental Homes for All

Representative AI image BHUBANESWAR: Tenants, especially students and the urban poor, can breathe a sigh of relief as the housing and urban development department launches an innovative rental housing project across multiple urban centers in the state. The project aims to provide quality accommodation for targeted beneficiaries, with affordable rent ranging from Rs 500 to Rs 1,500 per month. Several rental housing complexes are currently being constructed in Odisha, with one already operational in Bhubaneswar. According to official data, Bhubaneswar hosts three such projects: a 200-bed facility in Kharvel Nagar and two 100-bed facilities in Shampur and Chandrasekharpur. Additionally, the…

CommercialLatest Stories

Mumbai: Wadala CBD Auction Soon as BKC Saturates

Representative AI image MUMBAI: With the land bank in BKC now fully sold, the MMRDA is set to initiate the auction of plots in Wadala, the city’s upcoming third central business district (CBD), spanning 156 hectares. MMRDA Commissioner Sanjay Mukherjee informed TOI that the auction process will kick off within the next two months. “Wadala’s development has been incorporated into the economic master plan jointly created by Niti Aayog and MMRDA. MMRDA is proceeding with the development of Wadala, expected to commence in the next two to three months,” he stated. To sustain the upward trend in real estate prices,…

Latest StoriesResidential

Chandigarh: Manimajra Housing Project Approval in Question

CHANDIGARH: A significant controversy has arisen over the approval of a multi-storey housing project in Manimajra. Senior Deputy Mayor Jasbir Singh Bunty and Deputy Mayor Tarun Mehta have claimed that the agenda was passed unlawfully during the MC’s 352nd general house meeting on August 26. In a letter sent to the local government secretary, the two officials, along with AAP councillor Prem Lata, alleged the agenda was pushed through arbitrarily, violating democratic procedures and the Municipal Corporation Act. They called on the secretary to intervene and nullify the agenda for the greater public good. The councillors contended that opposition members…

InfrastructureLatest Stories

Gurugram Real Estate Stumbles: Flooded Streets and Empty Sites

Representative AI image NEW DELHI: Gurgaon’s recent infrastructure collapse has severely affected real estate sales, resulting in a notable decrease in site visits by potential buyers, according to developers and brokers. Experts suggest that improved infrastructure and the forthcoming airport may lead Noida to outpace Gurgaon. “We’ve urged the government to prioritize development in Gurgaon, which is a significant revenue source for Haryana but continues to be overlooked. The city’s infrastructure can barely handle a few bouts of rain, causing major disruptions that deter investors. This has visibly impacted sales recently, giving Noida an edge,” stated Praveen Jain, chairman emeritus…

Latest StoriesResidential

New Building Rule Boosts Sales of Chennai Homes

CHENNAI: Families looking to purchase villas and independent homes in Chennai have reason to celebrate, as the Tamil Nadu government has approved stilt + two-floor buildings up to 10 meters. This modification creates stilt space for parking and accelerates handovers, making villas more appealing to buyers. Developers and investors anticipate that this will generate renewed demand for plotted developments throughout the city and its suburbs. S Ramprabhu, chairman of the DTCP committee at the Builders Association of India, stated that this change will cater to the increasing need for independent homes in Chennai. “Previously, the self-certification was limited to G+1…

InfrastructureLatest Stories

Height Limits Set for 20km Near Noida Airport; YEIDA to Revise Bylaws

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated a revision of its building bylaws to align with the height restrictions outlined by the Airports Authority of India (AAI) for the 20km radius surrounding the Noida International Airport in Jewar. This official decision, taken during a board meeting on Saturday, is set to reshape the skyline for thousands intending to reside, work, or develop industries near one of India’s most ambitious aviation projects. YEIDA’s actions come shortly after the AAI unveiled its Colour-Coded Zoning Map (CCZM), which provides detailed guidelines on the maximum height permissible for…

IndustryLatest Stories

REITs Value Hits ₹1.5 Lakh Crore; Q1 FY26 Distributions Up 13.7%

NEW DELHI: As of market close on August 18, 2025, India’s listed real estate investment trusts (REITs) have achieved a combined market capitalization of approximately ₹1.5 lakh crore. Quarterly distributions rose 13.7% year-on-year to ₹1,559 crore in Q1 FY26, reaching over 2.7 lakh unitholders. Since their inception, the four operational REITs have distributed more than ₹24,300 crore to unitholders up to Q1 FY26. As of Q4 FY25, the domestic REIT industry’s assets under management (AUM) were valued at ₹2.25 lakh crore, with a portfolio exceeding 175 million sq ft of Grade A office and retail space. REITs offer tax-efficient, pass-through…