Category: Latest Stories

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CommercialLatest Stories

₹1.2 Crore Allocated for Thiruverumbur SIPCOT Development

Representative AI image TRICHY: The Tamil Nadu government has earmarked Rs 1.2 crore for the development of roads and water infrastructure at the Thiruverumbur Sipcot industrial park, marking Trichy’s second dedicated industrial area following Manapparai Sipcot. The district administration has selected a 125-acre site near the Trichy Semi-ring Road for the initiative. Sipcot, in collaboration with Guidance TN, the state’s investment promotion agency, intends to allocate the entire park to a key investor in the electronics sector. This development will take place in the Elandapatti and Suriyur villages, adjacent to the Olympic Training Academy. The land was repurposed from the…

InfrastructureLatest Stories

Jaipur: JMC-Heritage to Use Drones for Violation Monitoring

Representative Image JAIPUR: The Jaipur Municipal Corporation-Heritage (JMC-H) is set to deploy drones to monitor unauthorized construction and breaches of building bylaws within the Walled City. The initiative will involve regular drone flights that will identify issues like stray cattle, sewer blockages, and illegal constructions. Each drone can capture images and videos across a radius of five to seven kilometers. Commissioner of JMC-H, Nidhi Patel, stated, “We are initiating demonstrations from various drone companies, scheduled for Wednesday.” She emphasized that any decisions will be made post-demonstration, saying, “Following trials and budget evaluations, we will determine the feasibility of this concept.”…

IndustryLatest Stories

Prestige Group’s ₹1,556 Cr Land Acquisition in Hyderabad

Representative Image In a landmark transaction, the Prestige Group has acquired an 11-acre plot in Hyderabad’s Knowledge City for Rs 1,556.5 crore, marking the city’s most expensive land deal to date. This acquisition, part of an auction by the Telangana Government on October 6, 2025, positions Hyderabad at the forefront of India’s commercial real estate boom. At a rate of Rs 141.5 crore per acre, this deal establishes a new standard for land costs not only in Hyderabad but across the nation. This transaction arrives amid Hyderabad’s ascent as a global business hub, fueled by its reputation as India’s tech…

IndustryLatest Stories

Fake PANs Help Real Estate Deals Skirt Taxes

MUMBAI: There are concerns that thousands of property transactions nationwide may have escaped the notice of tax authorities. Intentional reporting omissions, along with fictitious or incorrect Permanent Account Numbers (PANs) associated with buyers and sellers in property documents, have allowed many deals to evade scrutiny from the Income Tax (I-T) department. Officials from the investigation wing of the tax office are currently reviewing records from property registrars for verification. Registrars are mandated to report transactions involving properties valued at ₹30 lakh or more. In some instances, parties, in collusion with certain registrar officials, have ensured that transactions remain unreported or…

Latest StoriesResidential

5,000+ buyers interested in two Lucknow development schemes

LUCKNOW: Following the launch of the Lucknow Development Authority’s Atal Nagar and Sardar Vallabhbhai Patel Housing Schemes, a remarkable response has been noted with 2,346 booklets sold and 117 individuals completing their registrations within the first three days. The online registration for both initiatives, which runs from October 4 to November 3, has shown considerable engagement. LDA Vice Chairman Prathamesh Kumar shared that the Sardar Vallabhbhai Patel Housing Scheme, located in Dalibagh, Hazratganj, is developed on 2,314 square meters of land retrieved from illegal occupancy. This project features 72 flats in three ground-plus-three structures, each covering 36.65 square meters, with…

IndustryLatest Stories

EAAA India’s Realty Assets Aim for 4x Growth

EAAA India Alternatives Ltd, previously known as Edelweiss Alternatives, aims to expand its real estate portfolio to 9–10 million sq ft over the next three years, up from the current 2.5 million sq ft. This ambition follows their acquisition of three office properties worth Rs 3,000 crore in Gurgaon and Bengaluru, with plans to venture into warehousing, data centers, and student housing, as stated by a senior executive. “We aim to acquire office buildings that can be upgraded for premium rental rates. There’s a noticeable demand-supply gap in commercial real estate, and with the increasing demand from GCCs, the need…

IndustryLatest Stories

Raidurg Land Auctions in Hyderabad Yield ₹177 Crore/Acre

Representative Image HYDERABAD: A record was set in Hyderabad on Monday with the auction of a 7.67-acre plot in Raidurg’s Knowledge City for an extraordinary Rs 177 crore per acre, marking the city’s most expensive real estate deal. Another 11-acre plot fetched Rs 141.5 crore per acre, totaling nearly Rs 3,000 crore (approximately) for the Telangana State Industrial Infrastructure Corporation (TGIIC), which conducted the auction. The previous high for Greater Hyderabad was in 2023, when a 3.6-acre land parcel in the prestigious Neopolis area of Kokapet was sold for Rs 100.75 crore per acre by the Hyderabad Metropolitan Development Authority…

InfrastructureLatest Stories

New City Plan in Development Near Navi Mumbai Airport

The City and Industrial Development Corporation (CIDCO), which oversees urban planning for the Maharashtra government, is anticipated to complete the master plan for the Navi Mumbai Aerocity development within the next three months, according to an official. The planned Aerocity, covering 667 acres adjacent to the Navi Mumbai International Airport (NMIA), will feature a mix of residential, commercial, retail, and industrial buildings. Its completion is expected to be a significant milestone for the urban and real estate landscape of the city. CIDCO is currently selecting a consultant to develop the master plan and provide advisory services for the project. In…

IndustryLatest Stories

Maharashtra Forms Committee for SVP Nagar Redevelopment Project

MUMBAI: The state government has established a high-powered committee, chaired by Additional Chief Secretary of Housing Aseem Gupta, to oversee the redevelopment project of 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP Nagar) Colony, Andheri. The committee also includes Mhada VP and CEO Sanjeev Jaiswal, an additional municipal commissioner of the BMC, and other Mhada officials. This land in Andheri West was allocated in 1993 under a World Bank initiative and comprises 98 cooperative housing societies, along with 24 high-income group apartment plots, 62 plots of 60 square meters each, and 245 plots measuring 100 square meters. Last…

InfrastructureLatest Stories

Chennai’s Third Master Plan: Housing, Transport, Environment Unite

CHENNAI: The third master plan for Chennai has been created by integrating over 25 studies focused on economic development, urban housing, transportation, environmental sustainability, and technology, according to Anshul Mishra, additional director of AIIMS and former CMDA member-secretary. Speaking at the inaugural session of the Tamil Nadu Land Use 2025 conference organized by the state planning commission, Mishra emphasized that master plans should encompass more than just land use. They need to include an economic strategy, identify industrial clusters, and consider labor markets. He highlighted the importance of incorporating transit-oriented development for jobs and housing along metro lines, roadways, and…