Category: Latest Stories

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Latest StoriesResidential

Vadodara Waives Property Tax Interest Until March 31

VADODARA: The Vadodara Municipal Corporation (VMC) has introduced a rebate scheme to waive interest charges on overdue property tax payments, available until March 31 of next year. The civic authority aims to encourage long-term defaulters to settle outstanding dues through this initiative, following previous efforts to recover pending payments. As part of the scheme, full interest waivers will be provided for properties assessed under the previous rent-based system that was active until 2003, which was replaced by an area-based assessment on April 1, 2003. Residential properties under the area-based system will receive an 80% interest rebate, while non-residential property owners…

IndustryLatest Stories

Anant Raj Q2 FY26 Profit Rises 31% to ₹138 Crore

NEW DELHI: Anant Raj Ltd, a prominent real estate company, announced a 31% increase in its consolidated net profit to Rs 138.18 crore for the quarter ending September 30, 2025, compared to Rs 105.65 crore in the same quarter last year. Total income for the July-September period soared to Rs 640.89 crore, up from Rs 523.75 crore a year earlier, as per a regulatory filing. Anant Raj Ltd is recognized as one of the leading developers in the country, focusing on both residential and commercial developments, including data centers. Published on Nov 9, 2025, at 12:00 PM IST Join the…

Latest StoriesResidential

DDA Begins Phase Two of Jan Sadharan Awaas Yojana

Representative image NEW DELHI: The Delhi Development Authority (DDA) has commenced the second phase of the Jan Sadharan Awaas Yojana housing scheme, providing approximately 1,500 affordable flats in well-connected districts of the city, officials announced on Saturday. Launched on November 7, the scheme targets the low-income group and economically weaker sections (EWS), with flats located in key areas like Shivaji Marg, Ramgarh Colony, Rohini, and Narela. “All flats in Rohini, Ramgarh Colony, and Shivaji Marg were booked on the first day,” the DDA stated. In the first 24 hours, over 1,000 flats were reserved, highlighting continued public enthusiasm and trust…

CommercialLatest Stories

IndiQube Spaces Reports ₹30 Crore Loss in Q2 FY26

NEW DELHI: IndiQube Spaces Ltd has reported a net loss of Rs 29.86 crore for the second quarter of this fiscal year, compared to a net loss of Rs 52.52 crore during the same period last year. However, the company’s total income increased to Rs 366.59 crore for the July-September quarter, up from Rs 264.01 crore in the corresponding period the previous year, as per a regulatory filing. IndiQube Spaces Ltd leases office spaces from property owners to set up its centers and then sub-leases workspaces primarily to both domestic and international companies. The firm operates in 16 cities, managing…

InfrastructureLatest Stories

Tidco seeks TN government’s approval for Global City project

CHENNAI: The Tamil Nadu Industrial Development Corporation (Tidco) has requested administrative approval from the Chengalpet district collector to acquire 1,945.19 acres of both patta and government land from six villages in Maduranthakam taluk for the upcoming global city project, according to Tidco’s managing director, Sandeep Nanduri. This initiative aligns with the state government’s announcement in the 2025 budget regarding the development of a 2,000-acre global city near Chennai, which will feature IT parks, trade zones, residential complexes, leisure areas, and advanced infrastructure. The first phase is anticipated to commence soon, with Tidco assuring efficient connectivity to Chennai via metro rail,…

IndustryLatest Stories

Malabar Hill Redevelopment: Ultra-Luxe Towers Transform Skyline

MUMBAI: Malabar Hill, the peak of affluence in south Mumbai, is experiencing significant changes as redevelopment projects take root in this upscale area. While long-standing residents watch in dismay as old structures are set for demolition and heavy machinery arrives, Mumbai’s top developers are clinching lucrative agreements with housing societies. The emergence of new skyscrapers has raised concerns among locals regarding Malabar Hill’s ability to handle increased construction. One developer’s brochure states, “Such opportunities are rare in Malabar Hill—South Mumbai’s most prestigious address, where new developments are nearly unheard of. We are excited to introduce a limited selection of private…

Latest StoriesResidential

Probe Ordered into PMAY Housing Project’s CRZ Violations in Kharghar

NAVI MUMBAI: The Union Environment Ministry has instructed Maharashtra to investigate claims of violations of Coastal Regulation Zone (CRZ) guidelines concerning the multi-tower Pradhan Mantri Awas Yojana (PMAY) housing project in Kharghar. Environmental advocates raised concerns that the construction is too close to mangroves and the high-tide line. Environmental groups have expressed that the project, which is set to accommodate nearly 10,000 families and small businesses, was constructed in an area prone to tidal flooding. They argue that warnings about rising sea levels were disregarded during both planning and execution phases. B N Kumar, Director of NatConnect Foundation, stated that…

Latest StoriesRera

DDA Gets Major Relief in Housing Project Case

NEW DELHI: The Delhi Real Estate Appellate Tribunal (REAT) has overturned a Rs 1 crore penalty levied on the Delhi Development Authority (DDA) by the Real Estate Regulatory Authority (RERA) for not registering a housing project. The DDA contended that the Rohini project was finished before RERA’s establishment in Delhi in 2017, thus making registration nonessential. “The documents being sought were unavailable when the authority issued its orders. Since these documents are crucial for the case, it is just to return the matter to the authority for a review of the complaint within two months,” stated the REAT in its…

IndustryLatest Stories

Pune PMC Issues Demolition Guidelines for Old Properties

PUNE: The Pune Municipal Corporation (PMC) has issued new directives for developers regarding the safe demolition of properties slated for redevelopment. As per the PMC’s recently released guidelines, developers are required to notify both the fire brigade and adjacent property owners during the demolition of older structures. If there’s a risk of damage to neighboring properties, those premises must be vacated. “New building permissions are contingent upon strict adherence to the PMC’s regulations for safe and secure demolitions. Developers must submit photographic evidence of compliance,” stated Rajesh Bankar, a senior official in the PMC’s building permission department. In addition to…

CommercialLatest Stories

Qatar National Bank Renews BKC Office Lease at ₹775/sq ft

Representative image Qatar National Bank has renewed its office lease at Maker Maxity’s 4 North Avenue tower in Bandra Kurla Complex (BKC), agreeing to a monthly rental rate of Rs 775 per sq ft. This makes it one of the highest commercial lease rates in India. The renewal covers the ground floor space of 8,079 sq ft and will commence on October 26. This five-year lease includes a clause for a 4.5% rental increase each year. The agreement prohibits either party from terminating the lease during the 60-month term and involves a security deposit of Rs 7.51 crore, according to…