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

DTCP Resumes Demolition in Gurugram’s DLF Phase III

Representative Image GURUGRAM: The Department of Town and Country Planning (DTCP) has resumed its enforcement operations in DLF Phase 3 after a two-week hiatus, focusing on unauthorized constructions, illegal paying guest (PG) accommodations, and encroachments on public land, as per directions from the Punjab and Haryana High Court. The operation, led by district town planner (enforcement) Amit Madholia, targeted restoration of buildings to their original sanctioned layouts. This involved demolishing illegal constructions in stilt parking areas, sealing two PG accommodations, and clearing encroachments from the right of way (ROW) outside approximately 30 residences. Police and district administration personnel supported the…

CommercialLatest Stories

Arihant Foundations Buys Chennai Land for ₹300 Crore Office Project

NEW DELHI: Arihant Foundations & Housing has acquired a land parcel exceeding half an acre on Anna Salai (Mount Road) in Chennai, intending to develop a Grade-A commercial office project. The project boasts an estimated gross development value of approximately ₹300 crore. The company stated that the upcoming development will meet demand from various sectors, including corporations, global capability centers, IT, financial services, and engineering. This acquisition follows the company’s recent purchase of a comparable land parcel near Boat Club in Chennai. Kamal Lunawath, the managing director of the company, mentioned that this development is part of their strategy to…

Latest StoriesResidential

Housing Affordability Stable in 6 of 8 Cities: H1 2026 Report

NEW DELHI: A report by Knight Frank India reveals that housing affordability remained stable across most major residential markets in H1 2026, bolstered by lower borrowing costs. Among the eight cities analyzed, six stayed within the affordability threshold, while the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) surpassed the 50% benchmark. Ahmedabad emerged as the most affordable housing market among the top cities with an affordability ratio of 23%, followed by Kolkata at 25% and Pune at 28%. Bengaluru and NCR saw a slight decline in affordability compared to 2025, recording ratios of 35% and 65%, respectively.…

CommercialLatest Stories

Four Illegal Commercial Structures Demolished in Ludhiana

Representative Image LUDHIANA: The building branch of the municipal corporation continued its crackdown on unauthorized structures by demolishing four illegal buildings under construction in Zone D on Friday. The enforcement action occurred simultaneously on Barewal Road, Apex Nagar, Model Town-Jawaddi Road, and near Phullanwal Chowk. This demolition drive was executed under the direct orders of Municipal Commissioner Ojasvi Alankar. According to civic officials, the owners had constructed these buildings in clear violation of building regulations. Despite receiving official notices and warnings to cease work, they continued with the illegal constructions, necessitating the municipal body to take demolition action. Post-demolition, officials…

InfrastructureLatest Stories

VDA Boosts Infrastructure for Three Proposed Townships in Varanasi

Sure! Here’s a rewritten version of your content: — Representative AI image VARANASI The Varanasi Development Authority (VDA) is set to launch township projects after a 32-year hiatus since the Lalpur Yojana project. They are accelerating developments at their flagship Anand Kashi Yojana, with plans to start plot registration across all categories by the end of August. During a site inspection in Kallipur on Friday, VDA Vice-Chairman Purn Bora instructed officials to expedite infrastructure tasks while ensuring quality standards are maintained. Bora noted that construction of roads, boundary walls, and entry gates is currently in progress, after which sewerage and…

InfrastructureLatest Stories

PM to Lay Foundation Stone for Jaipur Metro Phase II on July 4

JAIPUR: Prime Minister Narendra Modi is set to lay the foundation for Phase II of the Jaipur Metro this Saturday, initiating a five-year project aimed at enhancing connectivity along Tonk Road and nearby regions. Metro officials have divided the project into seven sections: four focused on civil construction and three on electrical work and related systems. Tenders for all civil packages have been issued, with one already awarded. The remaining three are expected to be finalized in the coming months, with work on all civil packages slated to begin in September. The first civil package, estimated at Rs 918 crore,…

IndustryLatest Stories

No Misuse of Flats, TDR in Kothrud SRA: Maharashtra Minister

PUNE: On Friday, State Cabinet Minister Shambhuraj Desai clarified that there had been no misappropriation of flats or fraudulent transfers of Development Rights (TDR) in the Kothrud Slum Rehabilitation Authority (SRA) project. Desai was responding to a question from MLA Sunil Kamble, representing the Pune Cantonment constituency, who alleged that fraudulent TDRs and fake beneficiaries were being recorded for the Kothrud SRA project. Kamble called for an investigation into the wrongful allocation of additional TDR in the scheme. Kamble pointed out that questionable electricity bills, ration cards, and other documents belonging to fictitious beneficiaries had been generated. These were used…

Latest StoriesResidential

Aadhaar e-KYC, QR Code Required for Haryana Property Registration

GURUGRAM: The property registration process in Haryana has undergone a significant transformation. This new, technology-driven system aims to enhance speed, security, and transparency. Mandatory components include Aadhaar-based e-KYC (electronic know your customer), biometric authentication, and digital signatures for all property registrations. Moreover, every registered document will now feature a QR code for easy authenticity verification. The updated system is now in effect for all types of registrations throughout the state. Officials from the revenue department indicate that these reforms will simplify, expedite, and enhance the transparency of the property registration and mutation process. The QR code on registry papers is…

Latest StoriesRegulatory

NCDRC Orders Pune Builder to Refund ₹7 Crore for Land Issue

PUNE: The National Consumer Disputes Redressal Commission (NCDRC) has mandated a real estate firm and its proprietor to refund the complete principal amount collected from 113 homebuyers, along with interest. This decision follows a 14-year legal battle, with total liabilities expected to surpass Rs7 crore. The commission discovered that the developer enticed buyers to invest in projects on land that government records indicated had been designated for a public irrigation project since 1978. The NCDRC panel, including President Justice A.P. Sahi and Member Bharatkumar Pandya, ordered the builder to refund Rs3.16 crore with 9% interest from the payment dates, to…

Housing FinanceLatest Stories

RBI Slaps ₹66.7 Lakh Fine on Bank of Baroda, GIC Housing Finance

MUMBAI: The Reserve Bank of India announced on Friday that it has levied a fine of Rs 63.6 lakh on Bank of Baroda for failing to comply with certain provisions of the ‘Fair Practices Code for Lenders’ and ‘Know Your Customer (KYC)’ regulations. A separate penalty of Rs 3.1 lakh was imposed on GIC Housing Finance Ltd for similar non-compliance with KYC guidelines. The RBI stated it conducted a statutory inspection of Bank of Baroda to evaluate its supervisory practices as of March 31, 2025, leading to the issuance of a notice to the bank. Upon reviewing the bank’s response,…