Category: Latest Stories

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CommercialLatest Stories

Motorola Leases 200+ Seats at Smartworks, Kolkata

Representative image Motorola Solutions has secured over 200 seats at its Kolkata center through a lease with managed office space provider, Smartworks, according to two sources familiar with the matter. The lease spans 60 months, encompassing space within the 110,000 sq. ft. center. In the last quarter, Smartworks expanded by leasing over one million sq. ft. across four major cities. The firm leased significant spaces including 110,000 sq. ft. in Kolkata, 200,000 sq. ft. in Bengaluru, 557,000 sq. ft. in Mumbai, and 165,000 sq. ft. in Pune during the April–June period. As of June 30, 2025, Smartworks’ leased portfolio reached…

Latest StoriesResidential

Dispute Resolution for Bengaluru Property Khata Clarity

BENGALURU: The long-anticipated scheme for issuing A Khatas to B Khata properties was officially launched on November 1, coinciding with Kannada Rajyotsava. The Deputy Chief Minister labeled it a gift to Bengaluru’s citizens. However, the rollout raises concerns for genuine property owners who have fought to protect their assets from land mafia and fraudulent developers. Many, including Union Minister for Steel HD Kumaraswamy, have criticized the state government for imposing a 5 percent fee based on the property’s SR value to issue A Khatas for B Khata properties, in addition to a nominal Rs 500 application fee. Kumaraswamy pointed out…

CommercialLatest Stories

Qualcomm India Leases 256,000 Sq Ft Office in Bengaluru

Qualcomm India has secured a lease for 256,000 square feet of office space in Bengaluru, marking another significant move for the technology behemoth in India. A lease document obtained from Propstack indicates that this deal, established with Bagmane Developers Private Limited at Constellation Business Park – Virgo, commenced on October 1, 2025. It spans the 5th, 6th, 7th, and 11th floors of this premium commercial facility, situated in one of Bengaluru’s prime tech areas. The agreement details a five-year lease with a rental rate of ₹113 per square foot, amounting to ₹2.89 crore monthly and a total commitment of ₹184…

Latest StoriesResidential

Lucknow extends Atal Nagar housing scheme deadline

LUCKNOW: The Lucknow Development Authority has prolonged the registration deadline for the Atal Nagar Housing Scheme in Devpur Para until November 21. This initiative comprises 19 towers offering a total of 2,496 flats, which include 1-BHK and 2-BHK units aimed at low to middle-income families. In contrast, the registration for the Sardar Vallabhbhai Patel Housing Scheme in Dalibagh concluded on November 3, with no announcements regarding further extensions. The 72 flats in this housing project were constructed on land that was previously retrieved from Mukhtar Ansari’s illegal claim. LDA officials noted a remarkable response to this scheme. The Atal Nagar…

Latest StoriesRegulatory

Mumbai Court Denies Builder’s Bail After Site Death

MUMBAI: A sessions court has denied anticipatory bail to builder Bhavesh Sanghrajka (43), noting that the safety nets at his construction site were severely damaged. This ruling follows the tragic death of 22-year-old Sanskruti Amin, who was struck by a concrete brick that fell from the 19th floor of Sanghrajka’s building on October 7. “The photographs reveal significant damage to the safety nets, rendering them ineffective. The court was made aware of the government’s Special Safety Control guidelines relating to high-rise construction, which the builder failed to follow,” stated Additional Sessions Judge TT Aglawe in an order dated October 29.…

InfrastructureLatest Stories

Gujarat to Build 5 New Satellite Towns for Urban Growth

GANDHINAGAR: In a significant move towards planned urbanization, the state government has introduced initiatives to develop towns surrounding Gujarat’s five major cities—Ahmedabad, Gandhinagar, Vadodara, Surat, and Rajkot—into fully equipped satellite towns. The Urban Development Department (UDD) has established a high-level committee to expedite infrastructure development, ensuring these new urban hubs evolve alongside their “mother cities.” As per a government notification released in October, the identified satellite towns include Kalol (under the Gandhinagar Urban Development Authority, Guda); Sanand (under the Ahmedabad Urban Development Authority, Auda); Savli (under Vadodara Urban Development Authority, Vuda); Bardoli (under Surat Urban Development Authority, Suda); and Hirasar…

Latest StoriesRegulatory

Nagpur Builder Ordered to Refund Homebuyer with Interest

NAGPUR: The Additional District Consumer Disputes Redressal Commission in Nagpur has ordered a local real estate company to refund ₹3 lakh to a couple, including 9% interest from October 27, 2017. The commission further awarded ₹30,000 for mental distress and ₹10,000 to cover legal expenses. The couple, both medical professionals, had booked a flat for ₹79.27 lakh in 2015 at a housing project on Besa-Pipla Road. They paid ₹1 lakh on October 27, 2015, and an additional ₹2 lakh on February 29, 2016. According to their complaint, lodged through attorney Ashish Fule, the couple experienced significant delays in construction despite…

CommercialLatest Stories

Smartworks Leases 8.15 Lakh Sq Ft at Eastbridge, Mumbai

NEW DELHI: Smartworks Coworking Spaces has secured over 8.15 lakh sq ft of workspace at Eastbridge, a commercial project by Regalia Office Parks, located in Vikhroli West, Mumbai. This center is set to open in Q4 of 2026. Regalia Office Parks is part of the commercial office division of the Niranjan Hiranandani Group. Recently, Smartworks also leased 5.57 lakh sq ft at Tata Realty’s Intellion Park in Navi Mumbai, and operates six office campuses across India, each exceeding five lakh sq ft. Published On Nov 3, 2025 at 02:30 PM IST Join a community of over 2M industry professionals. Subscribe…

IndustryLatest Stories

Shriram Properties Partners on Five-Acre Project in South Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement (JDA) for a five-acre land parcel located on Bannerghatta Road in South Bengaluru. According to Akshay Murali, Vice President (Business Development) at the firm, “Bannerghatta Road offers excellent connectivity, a vibrant social ecosystem, and tranquil green surroundings, making it perfect for discerning homebuyers who desire both exclusivity and convenience.” The company aims to create a villa community with an estimated gross development value (GDV) of over ₹350 crore. The project is anticipated to launch in FY26. Published On Nov 3, 2025 at 02:00 PM IST Join a community…

IndustryLatest Stories

Kerala’s land lease defaulters owe ₹665 crore to government

THIRUVANANTHAPURAM: The state has identified 584 individuals and organizations occupying government-leased land without fulfilling lease obligations or paying dues, totaling arrears of Rs 665.30 crore. Government data offers a district-wise breakdown of these pending recoveries, though it admits a lack of compiled records on the extent of land held by violators. The data reveals a widespread pattern of violations, contrasting sharply with the value of unpaid dues. Notably, Thiruvananthapuram has 157 violators with debts of Rs 104.70 crore, while Ernakulam has 60 defaulters, the highest in the state at Rs 280 crore, highlighting the high market value of government land…