Category: Latest Stories

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Latest StoriesResidential

Ashtech Group to invest ₹1,800 crore in Greater Noida West Project

NEW DELHI: Ashtech Group, known for its expertise in construction materials and infrastructure development, is entering the real estate sector with a substantial investment of ₹1,800 crore in a housing project located in sector 12, Greater Noida West. The housing project will be established on a fully paid 5.6-acre plot, which was procured from the authority for approximately ₹300 crore. Sumit Agarwal, director of the company, stated, “After achieving excellence in associated industries, now is the opportune moment to leverage our expertise in real estate development.” Published On Oct 8, 2025 at 09:53 AM IST Join the community of over…

Latest StoriesRegulatory

Karnataka HC Calls for State to Develop Plot Guidelines

BENGALURU: The Karnataka High Court has called on the State Government to create a comprehensive framework to regulate land transactions involving converted lands located outside sanctioned layouts. Justice Sachin Shankar Magadum, while reviewing a writ petition, noted that the increasing number of such transactions necessitates a clear regulatory structure. “With many buyers acquiring sites in converted lands not part of approved layouts, it is crucial for the State to develop a comprehensive scheme to manage these transactions,” the court asserted. The judge emphasized that unless the government establishes appropriate guidelines or a regularisation mechanism under Section 17(2B) of the Karnataka…

IndustryLatest Stories

Anant Raj Shares Drop 4% After QIP Launch, Floor Price at ₹695.83

Shares of Anant Raj Ltd experienced a decline, dropping by up to 4% to a low of Rs 708.40 on the NSE on Wednesday, October 8. This dip followed the company’s board decision to initiate a qualified institutional placement (QIP) of equity shares with a minimum price set at Rs 695.83 per share, representing a 5.5% discount relative to the previous closing price of Rs 736. The floor price aligns with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as stated in a regulatory filing from October 7. Anant Raj noted that the…

Latest StoriesResidential

Delhi Protest: 4,000 Members Demand Halt to Land Auction

NEW DELHI: Over 4,000 members of the Revanta Multi State CGHS Ltd Society marched to the DM (South West) office on Monday, urging a stop to the auction of their land designated for building flats. This sale was mandated by a Rera court. The society was established in June 2014 by two promoters and five others. Individuals were invited to join by paying a membership fee and purchasing land based on the planned size of the flats, with the understanding that they could settle the construction and development costs later. The total area owned by the society spans 44 acres…

Latest StoriesRera

Telangana RERA Fines Bhuvanteza Infra, Orders Customer Refunds

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has fined Bhuvanteza Infra ₹6.4 lakh and ordered a full refund to buyers affected by unregistered and delayed housing projects. In its ruling on September 30, the Authority found the company guilty of multiple infractions, including failure to register projects, misappropriation of customer funds, and not delivering possession. In one case, Raja Rao Bongu from Shamirpet claimed he was approached by representatives of Devas Infra Ventures Pvt. Ltd., later renamed Bhuvanteza Infra Projects Pvt. Ltd., to book a flat in the ‘Happy Homes Phase-2’ project during March-April 2021. Relying on their promises,…

IndustryLatest Stories

Maharashtra Cabinet OKs Slum Redevelopment Scheme for Mumbai

MUMBAI: On Tuesday, the Maharashtra Cabinet approved a scheme aimed at redeveloping slums in Mumbai into integrated housing projects that will improve living conditions and urban infrastructure. The Slum Rehabilitation Authority (SRA), a state agency, will implement this redevelopment initiative, which is designed to accelerate large-scale slum redevelopment and enhance urban infrastructure in the financial capital. According to a statement from Chief Minister Devendra Fadnavis’s office after the Cabinet meeting, the scheme will transform slum clusters into integrated housing developments, thereby providing improved living conditions and creating opportunities for private investment and construction activity. This initiative is expected to generate…

Latest StoriesResidential

Panchkula’s colony rehab plan stalled, awaiting govt approval

PANCHKULA: In the lead-up to the upcoming MC elections, the three colony rehabilitation initiatives approved by the Panchkula municipal corporation six months ago have failed to progress. The land in question is owned by the Haryana Shehri Vikas Pradhikaran (HSVP) and the forest department, leaving the MC without authority to make any decisions. No final approvals have been provided, and action must come from the relevant departments. Excitedly, MC Mayor Kulbhushan Goyal previously announced a proposal to regularize illegal colonies by offering one-marla residential plots at collector rates from 2004 to families who have resided there for over 20 years.…

IndustryLatest Stories

Lodha Developers’ Q3 pre-sales rise 7% to ₹4,570 crore

Realty developer Lodha Developers has reported a year-on-year increase of 7% in pre-sales, totaling Rs 4,570 crore for the quarter ending in September. The company’s collections also saw a 13% growth year-on-year, reaching Rs 3,480 crore. For the first half of the financial year, Lodha’s pre-sales amounted to Rs 9,020 crore, indicating an 8% rise compared to last year. Meanwhile, collections for this period increased by 10%, totaling Rs 6,360 crore, as stated in a regulatory filing. During this quarter, the developer launched a new project in the Mumbai Metropolitan Region with a gross development value (GDV) of Rs 2,300…

Latest StoriesResidential

Noida Residents Demand Action on Demolition Notices for Extensions

NOIDA: Frustrated with ongoing notices from the Noida Authority regarding what they consider minor home alterations, various residents’ groups have approached local MLA Pankaj Singh, requesting the repeal of Section 10 of the Uttar Pradesh Industrial Area Development Act. This section grants the Authority the authority to issue notices to property owners over unauthorized constructions and modifications. Recently, an increasing number of homeowners in older sectors such as 22, 34, 12, 51, and 71 have received notices for changes like adding glazing to verandahs and installing doors or fences in backyards. Many residents argue these adjustments are basic improvements for…

CommercialLatest Stories

WeWork India IPO Closes at 1.15x Subscribed on Final Day

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd was successfully subscribed 1.15 times on the final day of the sale, thanks in large part to institutional investors. The IPO, valued at Rs 3,000 crores, received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, as reported by NSE data. In the Qualified Institutional Buyers (QIBs) category, the subscription rate reached 1.79 times, while the Retail Individual Investors (RIIs) segment drew 61% interest. The non-institutional investors’ portion saw a subscription of 23%. WeWork India has secured over Rs 1,348 crores from its anchor investors. The company’s issue…