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.

IndustryLatest Stories

NeoLiv Purchases 17.5 Acres in Mumbai Area

Representative image NEW DELHI: Realty firm NeoLiv has secured a 17.5-acre plot in the Mumbai area and is set to invest Rs 150 crore in a new housing project. On Thursday, the company announced the acquisition of land in Khopoli within the Mumbai Metropolitan Region (MMR) but did not disclose the purchase price. According to NeoLiv founder and CEO Mohit Malhotra, “We will develop approximately 180 residential plots on this land, with the total project costing Rs 150 crore.” The project will also feature villas. Malhotra mentioned that this marks the company’s third development venture. NeoLiv highlighted that the Panvel-Khalapur-Khopoli…

Latest StoriesResidential

Kerala Govt Approves ₹1,500 Crore Loan for LIFE Mission Housing

THIRUVANANTHAPURAM: On Wednesday, the state cabinet granted in-principle approval to secure a loan of ₹1,500 crore from Hudco, guaranteed by the government, through KURDFC for the LIFE Mission housing initiative. Of the total ₹1,500 crore, ₹1,100 crore will fund the construction of 127,601 houses, while ₹400 crore will be allocated for housing assistance to Scheduled Caste and Scheduled Tribe beneficiaries in gram panchayats where they make up the majority of the LIFE list. The borrowing will occur over two years, with ₹750 crore earmarked for each of the fiscal years 2025-26 and 2026-27. The loan will be repaid over 15…

Latest StoriesRegulatory

Panvel Extends Property Tax Penalty Exemption Dates for Brackets

NAVI MUMBAI: The Panvel City Municipal Corporation (PCMC) has announced an extension of the deadline for property tax fine exemptions under the 90% amnesty scheme to September 15. The 90% rebate, which started on July 18, previously ended on August 15. As a result, the 75% rebate period has been updated to run from September 16 to September 30. Currently, property tax dues exceed 47% of the budgeted amount for 2025-26. The civic body is also offering a basic 5% tax discount for those who settle their 2025-26 taxes by August 31, with additional discounts of 2% for digital payments…

Latest StoriesResidential

Varanasi Development Body Grants 82 Houses Under PMAY

Varanasi: The Varanasi Development Authority (VDA) has allocated 82 houses under the Prime Minister’s Housing scheme as of Wednesday. The allocation was carried out through a lottery held at the Girija Devi Cultural Complex in Chowkaghat. The lottery involved a transparent allocation of 82 houses in the Harhua and Kurhua villages among a total of 642 beneficiaries. The process was conducted in the presence of beneficiaries to ensure fairness and transparency. VDA Vice-Chairman Pulkit Garg, additional district magistrate (Finance/Revenue) Vandita Srivastava, secretary Ved Prakash Mishra, and District Urban Development Agency (DUDA) project officer Nidhi Vajpayee were present at the event.…

Latest StoriesRegulatory

Rajasthan HC Stays Govt Order on Sanganer Colony Regularisation

JAIPUR: On Wednesday, the Rajasthan High Court halted the implementation of an order from the urban development and housing (UDH) department issued on March 12, aimed at regularizing residential colonies established on land acquired by the Rajasthan Housing Board between B2 Bypass and Sanganer. This ruling came from a bench led by Justice SP Sharma and Justice Sanjeet Purohit during a public interest litigation (PIL) hearing. “We argued that the UDH’s actions to regularize these colonies were intended for the development of roads and other facilities, but the High Court has stayed the UDH order. We will follow the government’s…

InfrastructureLatest Stories

Ludhiana body demolishes four illegal colonies, buildings

Representative image created by AI LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) has intensified its crackdown on illegal colonies with a demolition operation on Wednesday. This initiative led to the removal of four unauthorized colonies and one unapproved building in the villages of Mullanpur, Manakwal, and Dhandran. The operation dismantled illegal roads and constructions in these areas. Despite receiving warnings, developers continued their unlawful activities, prompting GLADA’s special team to act without opposition. GLADA chief administrator Sandeep Kumar stated that these enforcement actions are a crucial part of a larger strategy to prevent the spread of unauthorized colonies from…

InfrastructureLatest Stories

Urban India’s Data Revolution

India is undergoing one of the most significant urban transformations globally. With almost half its population projected to reside in cities by 2050 (according to UN data), the pressing question is not whether India can establish smarter cities, but rather how swiftly and effectively it can scale them. The Smart Cities Mission, initiated in 2015, has established a foundation by re-envisioning 100 cities with technology-integrated governance, improved infrastructure, and citizen-focused designs. A decade later, the vision is coming into clearer focus. Out of the 8,067 projects approved under the Mission, 94%, amounting to ₹1.64 lakh crore, are now complete. Each…

Latest StoriesRegulatory

Karnataka HC Advocates for GIS Land Mapping in State

BENGALURU: The Karnataka High Court has mandated the state government to create a unified technological platform using Geographic Information System (GIS) to provide a single, verifiable source for all land-related information. The court’s directive requires that the platform incorporates a GIS-based foundation, serving as a comprehensive and unalterable map of land parcels throughout the state. It will utilize high-resolution satellite imagery from the Forest Survey of India (FSI) and the Indian Space Research Organisation (ISRO) to accurately demarcate and geo-tag all designated forest boundaries in accordance with historical gazette notifications. Additionally, it will monitor forest cover via remote sensing data…

IndustryLatest Stories

Lavasa Bidders Boost Offers; Valor Estates on Top in Round 3

All three bidders have boosted their financial offers for the struggling Lavasa Corp during the third round of bidding, increasing the competition for what was originally set to be India’s first hill town. Valor Estates has significantly raised its bid to ₹946 crore based on net present value (NPV), placing it in the lead among the contenders. The Welspun-Ashdan consortium has also hiked its bid to ₹845 crore from a previous offer of ₹776 crore on an NPV basis, leaving the Mumbai-based Yogayatan Group in third place with an NPV of ₹830 crore, according to sources familiar with the situation.…

Latest StoriesResidential

Mumbai: No Extra Fees for Rented Flats in Housing Societies

MUMBAI: The deputy registrar of co-operative societies has informed the Chaitanya Cooperative Housing Society in Pratiksha Nagar, Sion East, Mumbai, that it is prohibited from collecting any excess fees from members renting out their flats, except for non-occupancy charges. This ruling follows a complaint from a flat owner who alleged that the society was unlawfully charging Rs 5,000 as a building development fund. Abhijit Deshpande, deputy registrar of co-operative societies at Mhada Mumbai City, stated that it is inappropriate for the society to collect any funds under the guise of a development fund from members renting their flats. He ordered…