Category: Latest Stories

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Latest StoriesResidential

Delhi Residents Cannot Complain About DDA’s Housing Quality

NEW DELHI: Homebuyers will not be able to raise complaints regarding defects in the flats offered through the Delhi Development Authority’s (DDA) Towering Heights premium housing scheme in East Delhi, as per the terms outlined in the scheme. Earlier this month, the DDA introduced 1,026 premium 2 BHK flats starting at Rs 1.78 crore, developed under its Transit-Oriented Development (TOD) policy. According to the scheme’s brochure, available on its official site, section 18.4 states, “DDA shall also not entertain complaints about the price of the flat, its design, the quality of materials used, workmanship, or any other defects.” Allottees are…

IndustryLatest Stories

Shriram Properties to Co-Develop Row Houses in Yelahanka

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a seven-acre parcel of land, part of a larger 15-acre site in North Bengaluru. The company plans to develop a row house project with an estimated gross development value (GDV) of ₹600 crore. According to Akshay Murali, Vice President of Business Development, “Yelahanka’s robust infrastructure growth and its proximity to the upcoming biodiversity park make it an ideal location for premium row houses.” This project reiterates the company’s commitment to its asset-light growth strategy, emphasizing partnerships and efficient capital allocation in high-potential areas. Published…

CommercialLatest Stories

Starlink Leases Office Space in Mumbai’s Chandivali

Representative image Elon Musk’s Starlink Satellite Communications Pvt Ltd has taken a significant step in its expansion plans by leasing office space in the Chandivali suburb of Mumbai. This move is part of Starlink’s strategy to establish a presence in India as it aims to secure regulatory approvals and start operations in the country. This marks the first reported office space leased by Starlink in Mumbai, an important development as the company intensifies its efforts in India. The company has signed a lease for a ground floor area at the Boomerang commercial property in Chandivali, with the lease set for…

Latest StoriesRegulatory

Khadki Cantonment to Tackle Commercial Use of Public Spaces

PUNE: The Khadki Cantonment Board (KCB) is set to take stringent measures against individuals and organizations exploiting public properties created for the benefit of local residents. This decision comes after a review of properties within the board’s jurisdiction and numerous complaints from residents. In the last ten years, marriage halls, gyms, community centers, and temples have been built on cantonment land with funding from the MLA Local Area Development Scheme. However, officials have noted that these spaces are often managed by private operators for profit, undermining their initial purpose. KCB’s CEO, Manisha Lohia, confirmed the board’s findings. “These facilities were…

IndustryLatest Stories

Suraj Estate Developers Q2 FY26 Net Profit Rises 3.96%

NEW DELHI: Suraj Estate Developers has announced a 3.96% growth in net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹33.09 crore in Q2 FY26, compared to ₹31.83 crore during the same period last year, according to a filing with BSE. The company reported a total net consolidated income of ₹145.42 crore in Q2 FY26, marking a significant increase of 32.65% from ₹109.63 crore in the equivalent quarter last year. The board of directors has approved a postal ballot notice to seek shareholder approval for the special resolution regarding the appointment of Ananta Singh…

Latest StoriesResidential

Mumbai: Sanjan Bungalow’s Original Owners Challenge Sale

MUMBAI: The Davierwalla family, original owners of the Sanjan bungalow property—which was transformed into an affordable facility for the Parsi-Irani community—has firmly opposed its sale to a developer. The family sold the ancestral property in 1997 to the World Zoroastrian Organisation Trust Funds (WZOTF) for a nominal price of Rs 65 lakh, conditioned for community use only. Recently, TOI reported increasing backlash against WZOTF’s plan to sell the 2.5-acre property, citing losses due to low occupancy. In a letter to WZOTF trustees, sisters Anahita and Roshan Davierwalla declared they “strongly and unequivocally oppose the proposed sale of our ancestral property…

IndustryLatest Stories

Indore Property Survey Controversy: Mayor Halts Drive for SOP

INDORE: A significant controversy arose over the Indore Municipal Corporation’s (IMC) ward-wise property tax survey late Saturday evening, leading to a standoff at the Bhanwarkuan police station and multiple FIRs. The situation prompted political intervention, with cabinet minister Kailash Vijayvargiya calling for an emergency meeting. The conflict began in Ward 74, where IMC mobilized staff from 22 zones for a property tax assessment. On Saturday, an altercation occurred between area revenue officer (ARO) Shailendra Singh and local politician Sunil Hardia (the husband of a corporator) along with his son. This led to a confrontation at the Bhanwarkuan police station. An…

Latest StoriesResidential

Thiruvananthapuram to Revive Poonkulam Housing After 17 Years

THIRUVANANTHAPURAM: The city corporation is set to revive its long-stalled housing project at Poonkulam under the Basic Services to the Urban Poor (BSUP) scheme. Initially launched in 2008, the project halted midway due to financial issues. The scheme aimed to build 120 houses across six blocks for underprivileged families but progressed only halfway, with just two floors completed. Managed by Nirmithi Kendra, the project had an estimated budget of Rs 2.96 crore in its inception, which ballooned to nearly Rs 9 crore over the years, with no further advancement. Now, it has been downsized to rehabilitate 32 families, and the…

IndustryLatest Stories

TRSCL to Hold E-Auction of Plots Starting October 28

Representative image HYDERABAD: The Telangana Rajiv Swagruha Corporation Limited (TRSCL) is set to hold an e-auction for open plots located in Kurmalguda, Thorrur, and Bahadurpally from October 28 to 30. The plots in Kurmalguda vary from 200 to 300 square yards, whereas those in Thorrur range from 200 to 500 square yards. The starting price is set at ₹20,000 per square yard for Kurmalguda and ₹25,000 for Thorrur. In Bahadurpally, the base price is ₹27,000 per square yard, while corner plots will start at ₹30,000 per square yard. The minimum bidding increment is ₹500 per square yard. The e-auction for…

IndustryLatest Stories

Goa Housing Board Approves Legal and IT Departments

PANAJI: The Goa state cabinet has recently approved the establishment of a legal and IT cell within the Goa Housing Board (GHB), which will add 11 new positions to the board. The GHB is a statutory entity created under the Goa, Daman and Diu Housing Board Act of 1968. Its primary goal is to provide affordable housing to the Goan population. In addition, the board implements commercial projects and allocates land to organizations, operating as a self-sustaining body without government grants or assistance. During its meeting, the board authorized the formation of both a legal cell and an IT cell.…