Category: Latest Stories

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InfrastructureLatest Stories

Issues Persist in Noida’s ‘New Sectors’ After a Decade

NOIDA: Nearly ten years after many residents of the 7x and 100x sectors in Noida received possession of their apartments, they moved to this satellite town to avoid hefty EMIs on home loans, expecting gradual development. Unfortunately, fundamental infrastructure improvements have yet to materialize. Sectors like 74 to 79 and 115 to 121 continue to grapple with inadequate transportation, poorly maintained roads, a scarcity of petrol stations, designated commercial areas, and children’s parks. Additionally, only a limited number of ATMs and banks cater to the needs of the approximately 300,000 residents. “While conditions have gradually improved with the introduction of…

CommercialLatest Stories

UrbanVault Signs 80K Sq Ft Lease at Manyata Tech Park, Bengaluru

NEW DELHI: UrbanVault, a workspace solution provider, has leased an 80,000 sq ft space at Manyata Tech Park in Bengaluru from Embassy Group. The center accommodates over 2,000 seats, with prices starting at Rs 10,000 per seat per month. Notable clients secured for the center include Cloud Odyssey, Pioneer, and SRM Tech. Amal Mishra, CEO of UrbanVault, stated, “We are dedicated to aggressive investments for our national expansion, particularly targeting high-potential micro-markets throughout India.” This expansion increases the company’s portfolio to over 2.58 million sq ft, managing over 42,000 seats across Bengaluru, Pune, Gurugram, and other key cities. The company…

CommercialLatest Stories

Applied Materials leases 8.06 lakh sq ft office for ₹855 crore

BENGALURU: Applied Materials, a semiconductor equipment manufacturer, has secured a lease for 8.06 lakh sq ft of office space at ITPB in Whitefield, amounting to Rs 855 crore over a decade. Karnataka’s IT/BT Minister Priyank Kharge shared this update on ‘X’, noting that this facility will accommodate the company’s expanding operations in the city and support the establishment of their Innovation Center for Semiconductor Manufacturing. This is set to be a pioneering R&D fab with an investment of Rs 4,851 crore, creating approximately 1,500 jobs. “From our visit to their US headquarters in 2023 to ongoing discussions through 2024, along…

IndustryLatest Stories

Kartik Aaryan Invests in 2,000 Sq Ft Plot in Alibaug

Bollywood actor Kartik Aaryan has made his first investment in land by acquiring a 2,000 sq. ft. plot in a coastal development project in Alibaug, located near Mumbai, from The House of Abhinandan Lodha (HoABL). Launched in April 2023, the project has attracted contributions from corporate leaders, business figures, and celebrities. Aaryan is now among the prominent buyers in HoABL initiatives across Ayodhya, Vrindavan, and Goa, as stated by the company. “Alibaug has become a highly sought-after investment spot close to Mumbai, and I intend to build my own home there. This is my first land investment,” Kartik Aaryan remarked.…

IndustryLatest Stories

Arkade Developers Buys Woollen & Textile Industries

NEW DELHI: Arkade Developers has signed a memorandum of understanding (MoU) to acquire 100% shareholding in Woollen and Textile Industries. This marks the company’s second acquisition in Bhandup West, Mumbai. The deal involves a land parcel measuring 14,363.60 sq meters, with a total consideration of ₹148 crore. Published On Sep 3, 2025 at 02:30 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Access all ETRealty industry updates right on your smartphone!

InfrastructureLatest Stories

Consent Secured for 50% of Land for New Purandar Airport

Representative AI image PUNE: The district administration has received letters from nearly half of the farmers whose land is designated for the proposed Purandar airport, just a week into the process. District Collector Jitendra Dudi stated that approximately 1,450 acres out of the revised airport area of 3,000 acres (1,285 hectares) have been approved for acquisition by farmers. “We have consent letters from nearly half of the farmers in the seven impacted villages,” Dudi remarked. Farmers from Pargaon, where most of the land is situated, previously protested vehemently against the project. Officials overseeing land acquisition confirmed that over 1,000 farmers…

InfrastructureLatest Stories

Coimbatore Metro Land Plan to Finish in Two Months

COIMBATORE: Chennai Metro Rail Limited (CMRL) is set to complete its final Detailed Land Plan Schedule (LPS) for the Coimbatore Metro project, estimating to finalize asset valuations for two proposed corridors within two months. This project includes Corridor-1, which extends from Ukkadam Bus Stand to Coimbatore Airport near Neelambur, and Corridor-2, running from Coimbatore Junction to Valiyampalayam Privu. The total length of both corridors is 40 km, with an estimated cost of ₹10,740 crore. Coimbatore MP Ganapathy P Rajkumar and Corporation Commissioner M Sivaguru Prabakaran provided a project update to the media on Tuesday. Rajkumar mentioned that an urgent LPS…

Latest StoriesRera

Bengaluru Body Claims RERA Order Doesn’t Apply, Cites Status

BENGLAURU: Following Rera’s designation of the Nadaprabhu Kempegowda Layout (NKPL) project as “lapsed” due to significant delays and unmet commitments to allottees, the Bangalore Development Authority (BDA) asserted on Monday that it is not a “promoter” and therefore outside Rera’s jurisdiction. In its official statements, BDA contended that complaints against it do not hold under the Real Estate (Regulation and Development) Act, 2016, as site allotments are solely contractual. The authority highlighted that site allotments are regulated by its 1984 rules, strictly governing the relationship between the BDA and the allottee. Once an allotment is accepted, the allottee is bound…

Latest StoriesRegulatory

Lucknow body files FIR over 18 fake PMAY home letters

LUCKNOW: The Lucknow Development Authority has filed an FIR after 18 individuals were defrauded out of lakhs of rupees for housing under the Pradhan Mantri Awas Yojana in Basant Kunj. The victims received counterfeit allotment letters and registration certificates, which were discovered to be forged during the investigation. This issue surfaced when the deceived applicants approached the authority after they were unable to take possession of their homes. Following the directive of LDA Vice Chairman Prathamesh Kumar, a case was registered at Gomti Nagar police station. Deputy Secretary (PMAY) Atul Krishna Singh stated that a complaint was submitted by Jan…

IndustryLatest Stories

Karnataka Housing Board: 772-Acre Project in Devanahalli

Representative AI image BENGALURU: The Karnataka Housing Board (KHB) has proposed a substantial 772-acre housing development near the Information Technology Investment Region (ITIR) in Devanahalli, in response to the growing residential demand stemming from rapid urbanization and industrial expansion in the area. KHB plans to provide residential plots and affordable housing, particularly targeting economically disadvantaged groups, along with essential infrastructure like roads, water supply, and sanitation services. However, the future of this initiative remains uncertain, following the government’s recent cancellation of the acquisition of 1,777 acres due to farmers’ protests over the loss of fertile farmland. Officials reported that KHB…