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IndustryLatest Stories

HCBS to Invest ₹700 Crore in Gurugram Residential Project

NEW DELHI: HCBS Developments is set to invest ₹700 crore in the Twin Horizon residential project located in Sector 102, Gurugram. The anticipated revenue for the project is ₹1,400 crore, covering a total area of 5.2902 acres. This development will include two high-rise towers, offering 268 residential units, with prices starting from ₹4 crore, alongside seven commercial units. All units will be launched as part of a single-phase development, with construction expected to span four years. The project has been designed by Morphogenesis. Published On Jul 22, 2025 at 01:00 PM IST Join over 2M+ industry professionals. Subscribe to our…

IndustryLatest Stories

Motilal Oswal Alternates Raises ₹2,000 Crore for Real Estate Fund

NEW DELHI: Motilal Oswal Alternates (MO Alternates), the alternative investments division of Motilal Oswal Group, has secured commitments totaling ₹2,000 crore through its sixth real estate fund – Indian Realty Excellence Fund VI (IREF-VI). This funding has been sourced from family offices, Indian high-net-worth individuals (HNIs), and overseas investors via the GIFT City channel. Approximately 75% of the fund is already allocated across 15 diverse real estate projects, covering cities such as Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. The fund primarily targets mid-income residential projects. The company has celebrated its first exit from IREF-VI, achieving an internal rate of…

IndustryLatest Stories

Punjab Increases Land Pooling Offers: Farmers Get ₹1 Lakh/Year

CHANDIGARH: Facing criticism from opposition parties and farmers, the Punjab government announced an increase in incentives under its land pooling policy on Monday. Landowners will now receive an annual compensation of ₹50,000 per acre before the government takes possession, escalating to ₹1 lakh per acre post-acquisition. Punjab Housing Minister Hardeep Singh Mundian stated that farmers would receive the first payment of ₹50,000 within 21 days of applying for the scheme, along with a letter of interest. If land development takes 2-3 years, the compensation will increase by 10% each year, Mundian shared after meeting with residents of 164 villages affected…

IndustryLatest Stories

Bengaluru e-Khata Reveals Extensive Property Tax Evasion

BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) has made significant strides with its newly launched e-Khata system, aimed at eliminating fraudulent property transactions and the fabrication of documents. Since its implementation on October 1, 2023, the system has uncovered substantial property tax evasion, recovering an impressive Rs 500 crore. BBMP officials highlight that the final e-Khata requests have exposed inconsistencies indicating considerable underreporting of property sizes and the inappropriate application of residential tax rates on commercial properties. These vulnerabilities, previously exploited through self-declaration, are now being addressed. Over 5.5 lakh e-Khatas Issued Since the introduction of the e-Khata system, more…

IndustryLatest Stories

Ghaziabad Council Ends Protest, Avoids Property Tax Notice

GHAZIABAD: After receiving assurances from the municipal commissioner, councillors have ended their sit-in protest concerning property tax issues. According to a GMC official, the problematic auto-generated property tax bills, which have been issued at inflated rates, will be halted. Furthermore, a 20% rebate on property tax will be available to consumers until September 30. The current conflict arose from the GMC officials’ previous refusal to share the minutes of the June 30 board meeting, which were a point of contention. Councillor Neeraj Goyal mentioned, “In light of the ongoing Kanwar Yatra, we decided to call off the protest. The municipal…

Latest StoriesResidential

Lucknow Body to e-auction 200 Vacant Residential Plots

Representative Image LUCKNOW: The Lucknow Development Authority (LDA) is set to auction approximately 200 vacant residential plots from various housing schemes throughout the city. The detailed list of available plots has been released on the LDA’s official website, allowing interested individuals to participate in the e-auction process. LDA officials mentioned that these plots are spread across several housing projects, including Basant Kunj, Priyadarshani Colony, the Kanpur Road scheme, Gomtinagar, and the Gomtinagar extension schemes. With sizes ranging from 60 sqmt to 252 sqmt, buyers will have diverse options according to their preferences. The authority has provided comprehensive information regarding each…

IndustryLatest Stories

MCD Hosts 2,333 Property Tax Camps for Amnesty Scheme Benefits

NEW DELHI: The Municipal Corporation of Delhi has set up 2,333 property tax camps across 12 zones to encourage tax compliance and offer relief to property owners, as stated by Mayor Sardar Raja Iqbal Singh on Monday. To date, 59,411 taxpayers have benefited from this initiative, resulting in a collection of ₹145.19 crore, according to Singh. This initiative targets helping taxpayers access the Property Tax Amnesty Scheme 2025-26, dubbed Sumpattikar Niptaan Yojana (SUNIYO), with participation exceeding 56,000 taxpayers, the mayor reported. “Given the positive response to the SUNIYO scheme, additional property tax camps will be organized in the coming days…

Latest StoriesRera

Unified RERA Portal Expected by March to Track Developers and Projects

PUNE: Homebuyers will soon be able to monitor real estate projects and developers throughout India via a unified digital platform. The Union Ministry of Housing and Urban Affairs, in collaboration with the All India Forum of Real Estate Regulatory Authorities (AIFORERA), is working on a comprehensive RERA portal. AIFORERA officials informed TOI on Monday that this integrated IT platform, expected to launch by the end of March, will consolidate all state real estate regulatory authority (RERA) websites into a standardized format. This initiative aims to enhance navigation, improve transparency, and empower buyers to make informed decisions. “Currently, buyers must navigate…

IndustryLatest Stories

Rajasthan’s Township Policy Focuses on Affordable Housing, Green Growth

JAIPUR: Chief Minister Bhajan Lal Sharma announced the Rajasthan Township Policy 2024 The newly launched policy aims to build townships that are not just structures but ecosystems that promote green living, inclusivity, and growth. “This policy outlines Rajasthan’s urban future,” Sharma remarked in an official statement. The policy mandates that all residential townships must include parks, green zones, and public utility spaces, with 7% of land designated for parks and playgrounds and 8% allocated for community services and utilities. Additionally, rainwater harvesting and wastewater recycling systems will be mandatory for all new developments. A significant aspect of the policy is…

IndustryLatest Stories

DLF Exits ₹10,000-Crore South Mumbai Project via Hubtown Deal

Realty developers Hubtown and DLF have resolved their longstanding dispute regarding a prominent redevelopment project in south Mumbai, covering 17 acres and estimated to be worth over Rs 10,000 crore. According to sources familiar with the situation, the consent terms include a payment of Rs 800 crore to DLF. This settlement marks the end of DLF’s involvement in the Tulsiwadi urban renewal project near the Willingdon Club in Tardeo, effectively concluding years of litigation and allowing the project to proceed. DLF has officially withdrawn all litigations against Hubtown, Twenty-Five Downtown Realty (formerly Joyous Housing), PNB Housing Finance, and others as…