Category: Latest Stories

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Latest StoriesResidential

PM to Inaugurate PMAY Homes in Gujarat

AHMEDABAD: Prime Minister Narendra Modi will embark on a two-day visit to Gujarat starting August 25, during which he will inaugurate 1,449 houses and 130 shops constructed under the Pradhan Mantri Awas Yojana (Urban), with a total investment of Rs 133.42 crore, according to officials. The inauguration of these houses is a key event during his visit, as per an official statement. “As part of the in-situ slum redevelopment initiative under the PMAY (Urban), the Prime Minister will inaugurate rehabilitation efforts encompassing 1,449 houses and 130 shops at a cost of Rs 133.42 crore, located in sector-3 of the slum…

Latest StoriesResidential

Andhra CM: Speed Up Welfare Housing for Poorer Sections

AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu announced on Wednesday plans to expedite welfare housing initiatives for economically disadvantaged groups. His target is to complete 10 lakh houses by March 2026. Naidu envisions that three lakh houses should have their housewarming ceremonies next month, while two lakh additional homes should be allocated to beneficiaries by the Sankranti festival. “Every poor family in the state should have their own home. The welfare housing initiatives must be realized swiftly. We aim to reach one million houses by March 2026,” Naidu stated in a press release. In a review of the housing…

CommercialLatest Stories

Fit-Outs: The New Revenue Engine for Flexible Offices

Office fit-outs are increasingly becoming a significant revenue source for operators of flexible workspaces. In the first half of 2025, India saw a steady 3% rise in fit-out costs across its top eight cities. According to Cushman & Wakefield, India remains one of the most cost-effective locations for office fit-outs in the Asia-Pacific region, making it an appealing market for businesses looking to expand their workspaces. With a gross leasing of 42 million square feet during this timeframe, the sector is poised to exceed 90 million sqft of leasing activity annually for the first time. “The increasing need for customized…

IndustryLatest Stories

Gurugram RWAs demand GST cut on maintenance bills to 5%

GURUGRAM: Resident welfare associations (RWAs) have urged Haryana CM Nayab Singh Saini that essential services like security, water supply, and sanitation should not be subjected to luxury taxes. They are calling for a rationalization of the GST applied on monthly maintenance fees. In their appeal, they have asked Saini, who also oversees finance, to reduce the GST rate from 18% to 5% and to raise the exemption limit from Rs 7,500 to Rs 10,000 per flat per month. This request arises in light of PM Modi’s announcement on Independence Day, which stated that the GST framework would be revamped into…

Latest StoriesResidential

Goa Owners Face Fines for Missing Tenant Information

PANAJI: The state government has drafted the Goa (Verification of Tenants) Rules, 2025, which will soon impose fines on property owners who fail to provide tenant information to authorities. The government is currently inviting public objections and suggestions regarding the rules before finalizing them for implementation. “All objections and suggestions regarding the draft rules can be sent to the chief secretary or home secretary within 30 days,” stated Manesh Hari Kedar, home under secretary. If a property owner or tenant fails to submit the required information or provides false information, a report will be forwarded to the sub-divisional police officer…

CommercialLatest Stories

Microchip Acquires Bengaluru Office Space for ₹176 Crore

Representative image Bengaluru: Microchip Technology, a US-based semiconductor leader, has acquired 1.72 lakh sq ft of office space in Whitefield for ₹176 crore. This is one of the largest office buyouts in the city this quarter. According to the registered sale deed from Propstack, the purchase consists of two commercial blocks located at 170-172, Phase 2, EPIP Zone, Whitefield. The seller, Ascendum Solution India, is a part of Cincinnati’s Vora Group, which is involved in IT services, business solutions, and real estate. The office space comprises two blocks measuring 92,098 sq ft and 80,395 sq ft, each featuring a basement,…

Latest StoriesRegulatory

DTCP Warns Experion Developers, RWA Over Gurugram Layout Violations

GURUGRAM: The Department of Town and Country Planning (DTCP) has served a show-cause notice to a developer and a resident welfare association (RWA) over alleged violations of the sanctioned layout plan and licensing conditions as stipulated under the Haryana Development and Regulation of Urban Areas Act, 1975. The notice, dated August 20, 2025, addresses Experion Developers Pvt Ltd (previously Gold Developers Pvt Ltd) and the Windchants Condominium RWA in Sector 112, following a complaint about irregularities within the residential project. The notice mandates that Experion Developers and the Windchants Condominium Association promptly rectify the alleged infractions and revert the project…

IndustryLatest Stories

New Building Bylaws Face Roadblocks in UP Cities

LUCKNOW: Challenges have arisen in the enforcement of the newly notified building bylaws in several cities. Key concerns raised by housing development authorities to the government include the parking requirements for hotels, the calculation of open space in layouts exceeding 300 square meters on a telescopic basis, and the potential for establishing hospitality and hotel facilities on agricultural land, among other issues. Currently, the approval process for building plans submitted by property owners has stalled in some areas. On July 3, the state government approved new building bylaws designed to be implemented by housing development authorities within regulated areas. This…

InfrastructureLatest Stories

Hydraa Reclaims ₹400 Crore Prime Land in Madhapur

Representative image created by AI HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (Hydraa) reclaimed a valuable 16,000 sq yard (approximately 3.3 acres) parcel of land worth Rs 400 crore in the city’s prestigious IT corridor on Thursday, a decade after it was reportedly encroached upon by a businessman. Located near the Hitex arch in Madhapur, this plot had been illegally occupied by a private individual who built a restaurant on it and encroached upon an adjacent road with hoardings, according to officials. During a demolition operation on Thursday, the Hydraa team dismantled part of the eatery as well…

Latest StoriesRegulatory

ED: Ex-Vasai-Virar Chief and Co-Accused Committed Major Fraud

MUMBAI: Former Vasai-Virar civic chief Anil Pawar, along with three others, has been implicated in a money laundering case involving a “deliberate” abuse of administrative authority and the financial system to facilitate an extensive fraud, according to the Enforcement Directorate (ED) in a Mumbai court on Wednesday. The ED revealed that “hawala and angadia” channels were utilized to launder illicit proceeds not just within Maharashtra but also in other states. Following this, the special court, which included two real estate developers among the accused, placed all four individuals in custody one week post-arrest. The hawala system is an informal method…