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.

IndustryLatest Stories

Ashiana Housing Q4 FY26 Pre-Sales Surge 2x to ₹1,290 Crore

NEW DELHI: Sales bookings at Ashiana Housing Ltd have more than doubled to Rs 1,289.70 crore in the fourth quarter of the last fiscal year due to increased demand. In the corresponding period last year, the sale bookings were recorded at Rs 574.73 crore. A regulatory filing on Tuesday revealed that Ashiana Housing achieved a record pre-sales figure of Rs 2,421.47 crore in the last fiscal year, a rise from Rs 1,936.75 crore in 2024-25. “The sales value for the booked area stands at INR 2,421.47 crore (FY’26), marking the company’s highest annual sales to date,” the report stated. During…

IndustryLatest Stories

Signature Global’s FY26 Pre-sales Drop 20% to ₹8,220 Crore

NEW DELHI: Signature Global (India) has reported a 20% year-over-year decrease in pre-sales, totaling ₹8,220 crore for FY2026, down from ₹10,290 crore the previous year. Pre-sales for the March quarter reached ₹1,540 crore, marking a 5% decrease year-on-year and a 24% decline from the previous quarter. The company sold 2,114 units in FY26, a significant drop from 4,130 units in FY25. Collections for the fiscal year were ₹4,000 crore, down from ₹4,380 crore in the previous year. Pradeep Kumar Aggarwal, chairman and whole-time director of the company, stated, “FY26 reflects our commitment to disciplined growth, with a notable reduction in…

InfrastructureLatest Stories

Cabinet Approves ₹13,000 Cr Jaipur Metro Phase-II Project

NEW DELHI: On Wednesday, the Union Cabinet approved the Phase-2 of the Jaipur Metro Project, which will feature a 41-km corridor with 36 stations, at an estimated cost exceeding Rs 13,000 crore, according to Union minister Ashwini Vaishnaw. The project will be executed by the Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture between the Government of India and the Government of Rajasthan. The Cabinet, under Prime Minister Narendra Modi, also greenlit the North-South corridor from Prahladpura to Todi Mod with a total project cost of Rs 13,037.66 crore, Vaishnaw stated during a media briefing. The Phase-2 corridor…

Latest StoriesRera

Haryana RERA Gurugram Bench Resolves All Cases by 2024

NEW DELHI: The Haryana Real Estate Regulatory Authority (HRERA), Gurugram bench, has successfully cleared all pending complaints filed up to 2024, eliminating a backlog of over 2,100 cases, as stated in an official release. As of March 31, 2025, there were 2,174 pending cases, including complaints dating back to 2018. These have now been resolved, leaving only cases filed in 2025 and later for review. The caseload included 1,060 cases from 2024, 654 from 2023, and 333 from 2022, with fewer complaints from earlier years. During 2025, the authority resolved 5,024 complaints, providing relief measures such as refunds or compensation…

Latest StoriesRegulatory

ED Raids Seven Properties Linked to Kolkata’s Merlin Group

KOLKATA | NEW DELHI: The Enforcement Directorate (ED) conducted searches at the premises of Kolkata-based real estate firm Merlin Group and its promoters on Wednesday as part of a money laundering inquiry, officials confirmed. Approximately seven locations connected to the company and its promoters, Sushil Mohta and Saket Mohta, were raided under the Prevention of Money Laundering Act (PMLA). A response from Merlin Group regarding the searches is still pending. The promoters and the company are under scrutiny by the federal agency for allegedly fabricating a “false” chain of title with “forged” documents, which has raised land grabbing allegations. This…

InfrastructureLatest Stories

Kolhapur Committee Voices Concerns on Third Development Plan Draft

KOLHAPUR: On Tuesday evening, the Kolhapur City Civic Action Committee convened with the deputy director of the town planning department regarding the draft of the municipal corporation’s third development plan. The committee expressed concerns, claiming the plan has become focused solely on imposing and lifting reservations. Committee members highlighted a troubling trend: as the city’s population and vehicle count have surged, the availability of essential community spaces—such as gardens, playgrounds, schools, parking lots, and open areas—has diminished. They pointed out that the second revised development plan for the Kolhapur Municipal Corporation (KMC) was valid from 1911 to 2011, yet the…

IndustryLatest Stories

India’s Role in Shaping the Future of Global Education

Annual Education Summit 2026 India finds itself at a pivotal juncture in global education, benefiting from a demographic advantage, growing digital infrastructure, and ambitious policy directives. The nation is not only focused on educating its own populace but is also positioning itself as a significant contributor to global learning. By 2035, India aims to attain a 50% Gross Enrolment Ratio (GER) in higher education, accommodating nearly 26 million additional students over the next decade. This effort signals a substantial transformation in the educational landscape. Enhancing Access Without Sacrificing Quality: The challenge lies not just in enrolling more students, but in…

CommercialLatest Stories

Ranchi Civic Body Takes Aim at Illegal Businesses in Homes

RANCHI: The Ranchi Municipal Corporation (RMC) has launched a city-wide initiative to address the illegal operation of commercial establishments within residential properties in Jharkhand State Housing Board (JSHB) colonies. This includes door-to-door surveys and the cancellation of trade licenses, following directives related to Supreme Court land use regulations. Eight enforcement teams have been assigned to inspect areas such as Harmu, Bariatu, and Argora, where significant illegal commercial activities have been reported, despite land allotment norms favoring residential use. Officials confirmed that this enforcement drive commenced this week and will be executed in phases. Deputy Municipal Commissioner Gautam Prasad Sahu stated,…

IndustryLatest Stories

RBI Holds Policy Rate at 5.25% Amid Inflation Concerns

File Photo MUMBAI: The Reserve Bank of India (RBI) announced on Wednesday that it will maintain the current interest rates amid expectations of a global recovery influenced by the recent ceasefire in the US/Israel-Iran conflict, which has lasted for six weeks. This policy decision follows a prolonged conflict in West Asia that has interrupted energy supplies, increased crude oil prices, and created both fiscal and inflationary pressures for nations like India that rely heavily on imports. This marks the first monetary policy review following the government’s new inflation target announcement for the RBI last month, instructing it to keep retail…

InfrastructureLatest Stories

Mangaluru to Build C&D Waste Unit at Pachanady

Representative AI image MANGALURU: The rampant dumping of construction and demolition (C&D) waste in vacant lots and rivers continues in the city. In response, the Mangaluru City Corporation (MCC) is considering reserving land at Pachanady for effective C&D waste management. To curb violations, MCC officials have convened multiple meetings and agreed to establish a facility at the Pachanady dump yard for C&D waste management. Builders will be required to pay a fee for using this facility. In addition, the MCC plans to implement strict penalties to deter C&D waste dumping in public spaces. DC Darshan HV, who oversees the MCC,…