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.

Latest StoriesResidential

Telangana property registration values set to rise in May

HYDERABAD: In a key initiative to enhance resource mobilisation, the state government has announced that property registration values will be revised starting the first week of May. The registration department has been instructed to make the necessary preparations for this change. This decision, made by the cabinet sub-committee on resource mobilisation, ends a year-long pause on the proposed increase. Initially planned for last year, the revision was delayed due to a downturn in the real estate sector and persistent requests from real estate associations for a postponement. However, with market conditions showing signs of stability, the government has decided to…

Latest StoriesRegulatory

Revenue Minister Orders FIR in ₹87-Crore Borivali Land Dispute

MUMBAI: Revenue Minister Chandrashekhar Bawankule held a review meeting at Mantralaya this week, directing swift action regarding the Rs 87 crore land compensation issue in Borivali. In light of serious allegations, the minister told the Mumbai Suburban collector to file an FIR against the builder who reportedly received compensation unlawfully, as well as former government officials believed to have facilitated the questionable payout. Officials were ordered to finalize the FIR by 6 pm on Thursday. The meeting concerns a long-standing conflict over CTS Nos 456, 458, and 458 (1 to 10) in Borivali, where the Devrukhkar family has raised claims…

Latest StoriesRegulatory

EOW Files Case Against Four for Selling Land to 80 Buyers

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a criminal case against four individuals accused of fraudulently selling assigned land to 80 buyers, valued at Rs 3.48 crore. The complainant, a coconut vendor from Allapur in Borabanda, claims the accused befriended him and presented an opportunity to purchase plots in Patancheru. The complaint states that Nagesh Goud and Ravi Goud convinced him they were the landowners, while G Vara Prasad, P Shivaram, and Satyanarayana acted as brokers. They informed the complainant they would seek permission for the layout and offered him a chance to buy plots at a discounted…

Latest StoriesRegulatory

Delhi Court to Charge Three C Shelters Directors in Greenopolis Case

Here’s a rewritten version of the content: — NEW DELHI: A Delhi court has mandated the framing of charges against the directors of Three C Shelters Pvt Ltd concerning the halted Greenopolis housing project in Gurugram. The court determined that there is a prima facie case of cheating, forgery, and criminal conspiracy against them, alleging they misled homebuyers. Additional Sessions Judge Sheetal Chaudhary Pradhan presided over the case against directors Surpreet Singh Suri, Nirmal Singh, and Vidur Bhardwaj, ordering that charges be framed for cheating and criminal conspiracy. In an order dated April 23, the judge stated, “I am of…

Latest StoriesRegulatory

Gurugram Police Arrest CKC Infra Director for Investor Fraud

Certainly! Here’s a rewritten version of the provided content: — GURUGRAM: The Gurugram police have apprehended two individuals, including a director of an infrastructure company, for allegedly scamming investors through fraudulent real estate projects linked to Dhirendra Shastri’s ‘Aparna Ashram’ in Silokhera village, according to police reports on Friday. The Economic Offences Wing-2 (EOW) arrested Ashok Chaudhary (60) from Gautam Nagar, Delhi, and Chandrakant Chaudhary (40) from Brij Vihar, Ghaziabad, Uttar Pradesh, from Sector 62, Noida. On April 15, a victim filed a complaint stating that the directors of CKC Infra Company, Ashok, Chandrakant, and their associates, misled him with…

IndustryLatest Stories

PropShare Celestia Units Drop Over 1% on Trading Debut

NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday. The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%. The market valuation of the company is now at ₹241.16 crore. On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue…

IndustryLatest Stories

Lodha Developers’ Net Profit Grows 24% in FY26

NEW DELHI: Lodha Developers reported a 24% increase in its net consolidated profit for the financial year 2025-26, with a profit after tax (PAT) of ₹3,430.7 crore, up from ₹2,766.6 crore in FY25, according to their BSE filing. The total net consolidated income for the company reached ₹17,119.5 crore in FY26, representing a 20.82% increase from ₹14,169.8 crore in FY25. The board of directors proposed a final dividend of ₹4.25 per equity share of ₹10 for the fiscal year ending March 31, 2026. Additionally, the board approved the reappointment of Lee Polisano as an independent director for a five-year term…

IndustryLatest Stories

Unitech Nominee Director Uma Shankar Resigns

NEW DELHI: Realty company Unitech Ltd announced on Friday that its nominee director, Uma Shankar, has resigned for personal reasons. According to a regulatory filing, Unitech stated that Shankar, a Non-Executive nominee director, “resigned from the board of the company effective March 7, 2026.” The company expressed regret for the delayed notice of her resignation to the stock exchanges, attributing this to an “unintentional oversight.” The Supreme Court directed the Union government on December 18, 2019, to establish an independent management for Unitech Ltd. In compliance, the Ministry of Corporate Affairs proposed a new board of directors, which the apex…

InfrastructureLatest Stories

Odisha: 244 Acres for Jeypore Airport Expansion

KORAPUT: The state government is progressing with plans to upgrade Jeypore Airport, which is anticipated to boost regional connectivity and stimulate economic growth in southern Odisha. Jadumani Nayak, the sub-collector of Jeypore, announced that approximately 244 acres have been identified across three villages for acquisition to elevate the airport from Category 2B to 3C. A detailed land schedule has been submitted to the government for notification, and the acquisition process will commence upon approval. Jeypore Airport, which commenced operations on October 31, 2022, under the UDAN regional connectivity scheme, currently facilitates two nine-seater flights daily between Bhubaneswar and Jeypore, in…

Latest StoriesResidential

KHB Unveils New Residential Layout on 92 Acres in Belagavi

Representative AI image BELAGAVI: The Karnataka Housing Board (KHB) is advancing plans for a new residential scheme in Honnihal village, located approximately 18 km from the city, spanning 92 acres and 7 guntas of land. The proposal has been submitted to the government, and public notification will follow pending project approval. The last residential layout developed by KHB was Devaraj Urs Colony in Basavan Kudachi nearly ten years ago. This new initiative aims to meet the increasing housing demand in the city by providing affordable options and enhancing public infrastructure. The KHB has earmarked land in Survey Nos. 43/1 to…