Category: Latest Stories

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CommercialLatest Stories

BSE Introduces REITs and Commercial Real Estate Index for Investors

BSE Index Services, a fully owned subsidiary of BSE, launched the BSE REITs and Commercial Real Estate Index on Wednesday. This new benchmark is crafted to gauge the performance of listed real estate investment trusts (REITs) and firms heavily invested in commercial real estate. The index features companies categorized as REITs, along with firms involved in residential and commercial projects that gain significant income from commercial real estate assets and rentals. The BSE REITs and Commercial Real Estate Index starts with a base value of 1,000, recorded from September 2022. It is set to be reconstituted semi-annually, every March and…

Latest StoriesResidential

Goa cabinet approves ‘Mhajo Flat’ scheme for ownership rights

PANAJI: On Wednesday, the Goa cabinet approved the ‘Mhajo Flat’ scheme, aimed at providing ownership rights to thousands of flat owners who have faced legal challenges due to disputes between builders and landowners or abandoned projects. During a press conference post-cabinet meeting, Chief Minister Pramod Sawant stated that the scheme would assist owners of flats purchased decades ago, who have thus far held only agreement-based rights. Moreover, it will encourage the redevelopment of aging residential buildings throughout the state. According to Sawant, the scheme will involve coordinated amendments to the Cooperative Societies Act, the Indian Stamp Act, and other relevant…

Latest StoriesResidential

Deadline to Apply for Ownership in Delhi’s Unauthorised Colonies: Oct 31

NEW DELHI: The Delhi government has set October 31 as the deadline for filing applications for conveyance deeds and authorization slips necessary for property registry in unauthorized colonies. Officials have stated that no new applications will be accepted after this date. Recently, the revenue department reported only about 2,000 applications from residents of 1,511 unauthorized colonies seeking these documents. A public notice issued on Wednesday indicated that under the PM-UDAY Scheme (Pradhan Mantri Unauthorised Colonies Awas Adhikar Yojana), the cut-off for application submissions is October 31, 2026. Conveyance deeds are granted for developed properties on government land, while authorization slips…

IndustryLatest Stories

Shirish Godbole appointed chairperson of Indian REITs Association

NEW DELHI: The Indian REITs Association has appointed Shirish Godbole, CEO of Knowledge Realty Trust, as its new chairperson, effective immediately, according to a statement from the industry body. He takes over from Alok Aggarwal, who resigned after retiring as managing director and CEO of Brookfield India Real Estate Trust. Established in 2023 under the guidance of SEBI and the Ministry of Finance, the Indian REITs Association is a non-profit organization dedicated to fostering the growth of India’s real estate investment trust sector. Member organizations include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus…

IndustryLatest Stories

Nambiar Builders to Invest ₹1,900 Crore in Bengaluru Phase-III

NEW DELHI: Nambiar Builders plans to invest ₹1,900 crore in Phase-III of its integrated township, District 25, located on Sarjapur Road, Bengaluru, targeting a projected revenue of ₹3,071 crore. This phase covers 11 acres and will feature 1,202 homes across eight towers. District 25, Phase-III will include 2 BHK, 3 BHK, 4 BHK, and 4.5 BHK apartments ranging in size from 1,250 sq ft to 2,980 sq ft, with prices starting at ₹1.62 crore. District 25 is part of a larger 63-acre approved township, with further expansion pending approval. The township is situated on Chandapura-Dommasandra Road. Published On Jul 1,…

InfrastructureLatest Stories

Indore Dismantles Illegal Encroachments and Unsafe Structures

Representative image INDORE: The Indore Municipal Corporation (IMC) carried out demolition operations at two sites in the city on Tuesday, focusing on unauthorized encroachments on public land and unsafe structures. Responding to public complaints about encroachment on a municipal garden, an IMC team, supported by police, removed illegal structures in the Chhota Bangarda area under IMC Zone 16. According to removal officer Ankesh Birthariya, the garden has now been cleared of these unauthorized constructions. The removal team also conducted a second operation in the Chhoti Gwaltoli area, where they demolished two rooms and an overhanging balcony from a deteriorating residential…

CommercialLatest Stories

Haryana Cities to Evolve for Future Needs: Chief Minister

CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced on Tuesday plans for the development of cities in the state to meet future needs and streamline essential services, reducing the need for citizens to visit multiple offices for problem resolution. The Chief Minister made these comments during a review meeting at the Haryana Civil Secretariat, focusing on the Urban Local Bodies Department’s five-year roadmap and action plan under Haryana Vision-2047. He assessed the progress of announcements made by the Chief Minister, budget allocations, and commitments stipulated in the government’s manifesto pertaining to the department and instructed officials accordingly. To realize the…

Latest StoriesRera

Haryana, UP RERA Approve ₹35,000 Crore in Real Estate Projects

NEW DELHI: The real estate regulatory authorities in Haryana and Uttar Pradesh have approved projects worth over ₹35,000 crore. The Gurugram bench of Haryana RERA sanctioned 51 real estate projects between January and June 2026, totaling nearly $4 billion in investment. Notably, 11 of these projects represent a combined investment of around ₹25,000 crore. The 51 approved projects consist of 16,727 units, which include 15,403 residential units, 1,084 commercial units, and 240 industrial units. The authority highlighted that these approvals indicate ongoing interest from developers and investors in the Gurugram real estate sector, which attracted nearly ₹87,000 crore across 131…

CommercialLatest Stories

Jaipur development body issues final notice to plot allottees

JAIPUR: The Jaipur Development Authority (JDA) has issued notices to commercial plot allottees in the Transport Nagar scheme who have not commenced construction, as stipulated in their allotment letters. These allottees have been granted a three-month period to initiate construction. JDA Commissioner Siddharth Mahajan emphasized that allottees must start building within the allotted timeframe and notify the relevant zonal office. Failure to do so may result in the cancellation of their plot allotment in accordance with the established terms and conditions. Additionally, the commissioner has instructed officials to regularly monitor vacant and unused plots within the Transport Nagar scheme and…

CommercialLatest Stories

HSBC Signs LOI for 1.2M Sq Ft Campus with Prestige Group

NEW DELHI: HSBC has entered into a letter of intent with Prestige Group to create a 1.2 million sq ft integrated campus on Outer Ring Road in Bengaluru. The venue, named Prestige JRC Signature Towers, aims to consolidate HSBC employees from various locations in Bengaluru into one facility. The new campus will feature collaboration areas, shared amenities, dining options, multi-functional spaces for town halls and learning, outdoor and community areas, as well as metro access and parking facilities. “India is one of the most significant talent hubs globally and remains a vital market for HSBC. Uniting our workforce under one…