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IndustryLatest Stories

Hyderabad to Auction 93 Plots Starting September 17

HYDERABAD: After a two-year hiatus, the Hyderabad Metropolitan Development Authority (HMDA) is resuming its land auctions, releasing 93 open plots across different city areas. The three-day e-auction is scheduled for September 17, 18, and 19, as announced by the authority on Wednesday. Among the total plots, 70 are situated in the Bachupally HMDA layout, with additional plots found in Turkayamjal (12), Kokapet (4), Poppalguda (4), Chandanagar (4), Bairagiguda (4), and Medchal Malkajgiri (7) encompassing Gandi Maisamma, Suraram, and Medipally. Officials disclosed that the highest upset price is set at ₹1.75 lakh per square yard for a large plot measuring 8,591…

Latest StoriesResidential

Tenant Verification Soars in H1 2025

Representative image created by AI PANAJI: Goa police have intensified tenant verification drives, conducting 471 inspections in the first half of 2025, a significant increase from 236 in the whole of 2024. Authorities stated that while no crimes were uncovered during these drives, they played a crucial role in preventing criminal activities and enhancing public safety. A special initiative titled ‘Know Your Neighbour’ was launched to ensure tenants and servants completed and submitted their verification forms. A senior police officer mentioned that these verification forms are filled out and forwarded to the respective native police stations for thorough checks. “Homeowners…

IndustryLatest Stories

Landmark Group to invest ₹400 crore in Dwarka Expressway project

NEW DELHI: Gurugram-based Landmark Group is set to invest approximately ₹400 crore in the development of Landmark Skyvue, located in Sector 103 along the Dwarka Expressway. This new development marks phase II of the project, which spans 11 acres. Phase I, covering three acres, was completed in 2013, while phase III is anticipated to launch in FY26, encompassing four acres. The construction for phase II is estimated at ₹400 crore, with the company negotiating with State Bank of India (SBI) for around ₹200 crore in financing. The remaining construction costs will be covered through internal funds, bank loans, and client…

CommercialLatest Stories

Gujarat RERA Seeks Govt Aid to Revive GIFT City Project

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the state urban development department (UDD), seeking assistance in completing the long-delayed World Trade Centre (WTC) project at GIFT City, where numerous investor funds are currently tied up. Sources indicate that this call for intervention follows the arrest of the project’s promoter by the Enforcement Directorate (ED) over allegations of real estate fraud. The association of allotters has expressed that they are unable to proceed with the project. Officials have noted that the project, which began in 2014-15, was intended to feature four towers. While two have been…

InfrastructureLatest Stories

Urbanizing Aravalis? Haryana Sets ‘Forest’ Definition for Laws

Representative Image GURUGRAM: Haryana’s government has officially defined “forest” for the first time, establishing a clearer framework for environmental laws that were previously uncertain. However, this definition is more restrictive than the Supreme Court’s guidance from a 1996 ruling, potentially excluding many areas that the same laws aim to protect. A notification issued on August 18 by the state’s forest, environment, and wildlife department states that land parcels of at least 5 hectares (equivalent to 10 football fields) or 2 hectares adjacent to designated forests, must have a canopy density of at least 40% to be labeled as ‘forest.’ This…

IndustryLatest Stories

Runwal Enterprises Secures Sebi Approval for ₹1,000 Crore IPO

Runwal Enterprises, a real estate developer based in Mumbai and promoted by Subodh Runwal, has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) valued at ₹1,000 crore. The proposed IPO will consist of a fresh issue of equity shares with a face value of ₹2 each, with no offer-for-sale component included. The company stated that the proceeds from the IPO will be allocated to support its expansion plans and enhance its balance sheet. Furthermore, there will be a reservation of shares for eligible employees, allowing them to subscribe at a…

Latest StoriesResidential

Noida: Strike by Guards, Housekeepers Locks Ecovillage-1 Gate

NOIDA: Approximately 250 housekeeping staff and security guards at Supertech Ecovillage-1 in Greater Noida West began a strike on Tuesday morning, leaving over 20,000 residents facing issues related to sanitation and safety. The protest commenced around 8 AM, driven by claims from workers that they had not received their salaries for two months from the outgoing maintenance agency, Gravity. Agitated workers blocked all three gates of the society at the start of the protest. While two gates were reopened after an hour, the main entry, Gate No. 1, remained closed until the afternoon, causing residents to take longer routes to…

IndustryLatest Stories

Godrej Properties Buys 7.8 Acres in Hyderabad for ₹547.75 Cr

Representative image created by AI NEW DELHI: Godrej Properties (GPL) has secured the highest bid for a 7.825-acre land parcel in Kukatpally Housing Board (KPHB), Hyderabad. The e-auction was conducted by the Telangana Housing Board (TGHB) specifically for residential group housing. GPL acquired the land for ₹547.75 crore, as confirmed by the bid status notification from the e-auction facilitator MSTC. The acquired land is projected to generate an estimated revenue of ₹3,800 crore from premium residential apartments of various configurations. Published On Aug 21, 2025 at 09:23 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter…

Latest StoriesResidential

Maharashtra Minister: Don’t Demolish Unauthorized Homes This Ganesh

Here’s a rewritten version of the content: MUMBAI: Maharashtra Revenue Minister Chandrashekhar Bawankule has instructed officials to refrain from demolishing unauthorized homes or issuing notices to residents during the upcoming Ganesh festival, emphasizing that such measures should only occur post-festival. The ten-day Ganesh festival begins on August 27. Bawankule stated, “Demolitions should not occur during the festive period, and no notices should instill fear among citizens. Any necessary actions must wait until after the Ganesh festival.” Local residents in North Mumbai had appealed for a suspension of the ongoing demolition efforts by the Brihanmumbai Municipal Corporation (BMC) targeting unauthorized constructions.…

InfrastructureLatest Stories

India’s InvIT Market to Reach $258B by 2030: Knight Frank

NEW DELHI: India’s Infrastructure Investment Trusts (InvITs) are poised for significant growth, with asset management (AUM) expected to increase 3.5 times, reaching USD 258 billion by 2030, as revealed in a recent Knight Frank India study. Worldwide, there are over 1,000 listed Real Estate Investment Trusts (REITs) and InvITs with a combined market capitalization of USD 3 trillion. By FY25, India’s InvITs are projected to manage USD 73.3 billion in AUM, nearly 3.5 times that of the country’s REITs. Together, InvITs and REITs represented USD 93.9 billion in FY25, a significant rise from USD 42.1 billion in FY20. Currently, with…