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.

Housing FinanceLatest Stories

Sundaram Home Finance to raise ₹6,000 crore in FY26

Representative image CHENNAI: Sundaram Home Finance has announced its intention to raise over Rs 6,000 crore to enhance its growth in the current financial year. The funding will be achieved through various means including refinancing from NHB, bank loans, debentures, and fixed deposits, as stated by an official. Sundaram Home Finance reported a 26% increase in net profit for the January-March 2025 quarter, reaching Rs 71.57 crore compared to Rs 56.80 crore in the same quarter of the previous financial year. Disbursements in the reviewed quarter amounted to Rs 1,929 crore, up from Rs 1,469 crore in the previous year’s…

InfrastructureLatest Stories

Ludhiana to Soon Inaugurate Construction Waste Plant

Representative Image LUDHIANA: Several highly anticipated projects by the civic body are set for inauguration and will soon be accessible to the public. The all-weather swimming pool and the construction and demolition waste plant have been completed, while the basketball court is nearing its finish. Officials anticipate that the remaining work will take another week. The construction and demolition (C&D) waste plant located in Dhandhari was originally part of the Smart City Mission but later transitioned to the Swachh Bharat Mission due to rising costs and structural changes. Initially budgeted at Rs 2.69 crore, the project faced challenges when the…

Latest StoriesRegulatory

Ghaziabad Reverses Property Tax Increase

GHAZIABAD: The Ghaziabad Municipal Corporation (GMC) board has repealed its earlier decision to increase property tax in the city. The new tax structure, which took effect on April 1 this year, faced significant backlash from Resident Welfare Associations (RWAs) and business groups, prompting councillors to urge the board to reconsider its stance. Mayor Sunita Dayal convened a special board meeting to address the matter. Following a spirited discussion, the board ultimately decided to rescind the tax hike. Notable figures in attendance included Ghaziabad MP Atul Garg and MLAs Sunil Sharma, Sanjeev Sharma, and Ajitpal Tyagi. Dayal stated, “The increased property…

IndustryLatest Stories

Gujarat Waives 80% Stamp Duty on Property Transfers

AHMEDABAD: The Gujarat government has announced an 80% waiver on stamp duty for property transfers conducted through allotment letters or share certificates by housing societies, associations, and non-trading corporations. This initiative aims to assist middle-income families. Chief Minister Bhupendra Patel made the announcement on Monday under Section 9(a) of the Gujarat Stamp Act, 1958. According to an official release, this decision is intended to provide significant relief to lower and middle-income families in relation to housing transfers, stating that “in cases where societies, associations, and non-trading corporations conduct property transfers through allotment letters or share certificates, up to 80% of…

Latest StoriesResidential

3,000+ Residents Receive E-Khata at Bengaluru Mega Mela

BENGALURU: Over 3,000 residents gathered at the Sahakaranagar playground in the Byatarayanapura assembly constituency on Sunday for a successful mega e-khata mela. Initially set to conclude by 2 PM, the event has been extended to 8 PM on Monday due to the overwhelming response. Bengaluru Development Minister DK Shivakumar kicked off the door-to-door distribution drive by handing out draft e-khatas to local households. He encouraged residents to collect their documents online or to visit the mela, stating, “Final e-khatas will be delivered to homes within 100 days. Please check your details and complete the process as soon as possible.” He…

Latest StoriesRera

Andhra Pradesh RERA Advises Against Unregistered Flats, Plots

VIJAYAWADA: S Suresh Kumar, the in-charge chairman of the Andhra Pradesh Real Estate Regulatory Authority (APRERA) and principal secretary of municipal administration, has issued a warning to the public regarding the purchase of flats in unregistered apartments or plots. He emphasized that such transactions could lead to significant issues for buyers. “We’ve observed that certain developers and builders are soliciting advance payments from potential buyers under the false pretense of ‘pre-launch’ activities for projects that lack APRERA registration. Additionally, some real estate agents are promoting these unregistered pre-launch projects. According to Section 3 of the Real Estate (Regulation and Development)…

CommercialLatest Stories

Cognizant to Invest $183M in New Vishakhapatnam Campus

BENGALURU: Cognizant Technology Solutions will invest ₹15.82 billion (approximately $182.76 million) to establish a new campus in Visakhapatnam, Andhra Pradesh, creating around 8,000 jobs, as announced by the state government on Friday. Operations are set to begin in March 2029, according to a press release from the Andhra Pradesh government. Cognizant has yet to respond to requests for comments. This announcement follows Tata Consultancy Services’ recent plans to develop a ₹13.70 billion campus in the same city, which is expected to generate 12,000 jobs. Such moves are part of Cognizant’s strategy to optimize real estate costs. In May 2023, CEO…

Housing FinanceLatest Stories

Aptus Value Housing Finance Q4 FY25 Profit at Rs 207.02 Crore

CHENNAI: Aptus Value Housing Finance India Ltd, a home loan company, reported a consolidated profit of ₹207.02 crore for the January-March 2025 quarter, reflecting an increase from ₹164.03 crore during the same period last year. For the financial year ending March 31, 2025, profit rose to ₹751.24 crore, up from ₹611.89 crore in the previous year. “I am pleased to announce that FY25 has been a successful year for Aptus, characterized by significant progress and robust growth in Assets Under Management (AUM),” commented Managing Director P Balaji. “During FY2025, we expanded our footprint by opening 38 new branches, boosting our…

InfrastructureLatest Stories

Goa Approves Housing Projects Without Water Access Assessment

Representative Image PANAJI: In a state grappling with water scarcity in both urban and rural areas, the town and country planning (TCP) department continues to grant technical approvals for new housing and tourism projects daily, overlooking a critical factor—access to water. Rapid urban development, exacerbated by uncontrolled groundwater extraction and increasing tourist numbers, has left Goa’s water infrastructure in distress. Despite this escalating crisis, various government departments operate independently. Clearances for extensive housing developments and luxury resorts are issued without consulting the public works department (PWD) or the water resources department (WRD), which are responsible for ensuring residents have adequate…

Latest StoriesRegulatory

Patna civic body collects ₹40 crore in property tax in 3 months

PATNA: The Patna Municipal Corporation (PMC) has achieved notable success in property tax collection, securing Rs 40 crore in the first quarter of the 2025-26 fiscal year, which is over 28% of its annual goal. This achievement follows a 5% rebate for property owners who made timely payments, valid until Monday, June 30. The municipal body has set an ambitious target of Rs 141 crore for this financial year, a significant increase from the Rs 117 crore collected in 2024-25. Ashish Kumar, the additional municipal commissioner, confirmed the figures, stating, “The collection represents over 28.36% of our annual target for…