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

Govt Plans AI-Driven Township in Bidadi to Ease Bengaluru’s Congestion

BENGALURU: The government announced an ambitious initiative on Thursday to launch the Greater Bengaluru Innovation and Tech City (GBIT), touted as India’s first and largest AI-driven township, located in Bidadi, approximately 30km from Bengaluru. The project aims to alleviate pressure on Bengaluru by redistributing population and economic activities through sustainable development. GBIT will feature an integrated ecosystem comprising residential, commercial, and social spaces, with a central business district (CBD) built to global standards, designed to attract investment and generate large-scale employment across various sectors, including technology and services. Deputy Chief Minister DK Shivakumar stated, “GBIT will embody the aspirations of…

Latest StoriesResidential

1,014 sq yd plot sells for ₹33.4 crore in Chandigarh

Representative AI image CHANDIGARH: The real estate market in Chandigarh is booming. The latest auction by the UT estate office concluded on Thursday, achieving record bids that indicate a rise in investor confidence and soaring property prices. A residential plot in Sector 33, spanning 1,014 sq yards, commanded a striking Rs 33.4 crore—over twice its reserve price of Rs 14.9 crore. Even the smallest offered plot, at just 126 sq yards, sold for ₹4 crore against a reserve of Rs 1.7 crore. The auction netted a total revenue of Rs 168.85 crore, significantly surpassing the reserve price of Rs 75.29…

InfrastructureLatest Stories

Maharashtra Cabinet Approves Metro, Road Projects for Cities

MUMBAI: On Wednesday, the Maharashtra cabinet approved numerous significant projects, including the Wadala-CSMT-Gateway of India metro line in Mumbai, according to officials. Additional initiatives include a ring metro in Thane, extensions for Pune Metro’s Line-2 and Line-4, and Nagpur Metro Phase-II. The cabinet also authorized loans for these projects, with the state assuming contingent liabilities, as stated by the Chief Minister’s Office. In Pune, approval was given for two new stations, Balajinagar and Bibwewadi, on the Swargate-Katraj metro corridor, alongside relocating the Katraj station, which will require an additional budget of Rs 683.11 crore. The cabinet also endorsed state involvement…

Latest StoriesResidential

Odisha to Issue 50,000 Home Work Orders for Poor on Sept 17

BHUBANESWAR: In an important initiative to support housing for economically weaker sections, the state government plans to issue work orders for 50,000 houses under the Antyodaya Gruha Yojana on September 17, coinciding with Prime Minister Narendra Modi’s birthday, as announced by Panchayati Raj Minister Rabi Narayan Naik on Thursday. The scheme aims to provide permanent housing to economically disadvantaged families, including those with disabilities, leprosy patients, and extremely poor households. Minister Naik emphasized that this initiative would tackle persistent housing issues in rural Odisha by offering eligible families durable homes. Launched on March 30 this year by Chief Minister Mohan…

Latest StoriesRera

Housing Ministry Unveils Unified RERA Portal

NEW DELHI: In its fifth meeting, the Central Advisory Council (CAC) witnessed Union Minister of Housing & Urban Affairs, Manohar Lal Khattar, launching the unified RERA portal (rera.mohua.gov.in). This platform is designed to enhance transparency and facilitate the sharing of best practices among States and UTs. “The launch of the Unified RERA Portal marks a significant advancement in promoting transparency and accountability within the real estate sector,” stated the housing minister. He also emphasized that RERA has empowered homebuyers, ensured timely project deliveries, and introduced discipline within the sector. Khattar urged States and UTs to implement RERA thoroughly to safeguard…

InfrastructureLatest Stories

Nashik Civic Body Plans to Raise ₹1,000 Crore via ADB Loans

NASHIK: The civic body plans to secure Rs 1,000 crore in loans from the Asian Development Bank (ADB) for various infrastructure projects ahead of the upcoming Simhastha Kumbh Mela, set for 2026 to 2028. The Nashik Municipal Corporation (NMC) has submitted a proposal to the state urban development department for approval. A senior civic official informed TOI, “Upon receiving approval, we will begin the process to raise Rs 1,000 crore through a loan from ADB.” An official mentioned that the state government will back the loan repayment to ADB. This initiative is part of NMC’s strategy to fund its share…

IndustryLatest Stories

Sept 5 Meeting for Jaiprakash Associates Lenders; Bidding Challenge Ahead

NEW DELHI: The lenders of Jaiprakash Associates Ltd (JAL), which is currently undergoing insolvency proceedings, will convene on Friday to initiate a ‘challenge process’ involving five bidders. This step aims to optimize the value of the distressed company’s assets. The Committee of Creditors (CoC) is set to meet on September 5. Among the bidders vying to acquire JAL are Adani Group, Dalmia Bharat, Vedanta Group, Jindal Power, and PNC Infratech. Sources indicate that during a CoC meeting on August 22, it was decided to engage in further commercial negotiations with each Resolution Applicant to maximize the asset value of JAL.…

InfrastructureLatest Stories

After Virar Collapse, Civic Body to Demolish 141 Illegal Structures

PALGHAR: Following the tragic collapse of an illegally constructed building that resulted in 17 fatalities in Virar, the Vasai-Virar City Municipal Corporation (VVCMC) announced plans to demolish 141 unauthorized structures within its jurisdiction. An official shared these details on Thursday. The demolition drive is scheduled to commence on September 8, right after the conclusion of the Ganesh festival. On Thursday, VVCMC mobilized a 50-member demolition squad, which includes several contracted engineers. The teams will consist of ten groups with five members each, according to the official. On August 27, the rear section of the four-story Ramabai Apartments in Virar collapsed,…

Latest StoriesResidential

Bain Capital, Colive, Sattva Group unveil $100M co-living platform

NEW DELHI: Colive, a co-living platform, has teamed up with Bain Capital and Sattva Group to launch a co-living real estate initiative with an initial investment commitment of at least $100 million. Through this collaboration, Colive has also secured $20 million in funding to support growth and market expansion. The platform aims to acquire land, establish communities, and provide purpose-built rental housing. Colive has successfully completed initial land purchases in Pune and Bengaluru, with approximately 0.5 million sq ft of co-living spaces in development. Published On Sep 4, 2025 at 04:00 PM IST Join our community of over 2 million…