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Latest StoriesRegulatory

Mumbai: Pattathu Brothers’ Directors Charged for Unmet Amenities

MUMBAI: The Slum Rehabilitation Authority (SRA) has filed a case against two directors of a Mumbai-based real estate firm for not providing essential amenities to a housing society in Vile Parle, according to police reports on Monday. A complaint from an SRA assistant engineer alleges that Joseph S Pattathu and Pearl Joseph Pattathu, directors of Pattathu Brothers, violated redevelopment agreements by not delivering six required facilities to eligible beneficiaries after obtaining completion certificates for the project. An official stated that the firm had received all necessary approvals from the SRA, including the Letter of Intent (LOI) and Occupation Certificate (OC),…

IndustryLatest Stories

Indore IMC Issues Fire Safety Directives for Buildings

Representative AI Image INDORE: The Indore Municipal Corporation (IMC) has laid down stringent fire and public safety regulations for building owners, hotels, restaurants, banquet halls, clubs, hospitals, and commercial entities throughout the city. The IMC has underscored that basements are to be utilized solely for parking or specified activities authorized by the relevant authorities. “The operation of kitchens, gas-based food preparation, or any high-risk commercial activities in basements without the necessary authorization and fire safety measures is strictly forbidden,” stated senior officials, also noting that unauthorized commercial activities on rooftops are banned due to the significant dangers they present in…

Latest StoriesResidential

Thiruvananthapuram: Stalled housing project leaves families waiting

Sure! Here’s a rewritten version of the content: Representative AI image THIRUVANANTHAPURAM: The Thanal Housing Project in Muttathara, aimed at rehabilitating families from the nearly 50-year-old Vikalanga Colony, remains on hold despite receiving technical approval from the local self-government department (LSGD) in August 2025. New technical and cost challenges have delayed the contractor from starting work, leaving around 100 families waiting for permanent housing for another year. The ongoing delay has also stalled the relocation of slaughterhouses across from the colony to a newly built modern abattoir in Kunnukuzhy, as the residents’ rehabilitation is seen as a requirement for moving…

Latest StoriesResidential

Virat Kohli and Anushka Sharma buy ₹18.29 crore apartment in Versova

NEW DELHI: Virat Kohli and Anushka Sharma have purchased an apartment in Godrej Skyshore, Versova, Mumbai, for ₹18.29 crore, as per documents obtained by Zapkey. The apartment, identified as A-2403, is situated on the 24th floor of Tower A in Godrej Skyshore. The seller of the property is Godrej Properties, according to the registration paperwork. This residence has a RERA carpet area of 245.71 sq metres, roughly equivalent to 2,644.8 sq ft, which includes a carpet area of 216.30 sq metres (approximately 2,328 sq ft) along with an adjacent exclusive area of 29.41 sq metres (around 316.5 sq ft). The…

InfrastructureLatest Stories

Indore Civic Body Dismantles Eight Unsafe Homes

Representative AI image INDORE: The Indore Municipal Corporation (IMC) has ramped up its efforts to address unstable and dilapidated buildings in the city, demolishing eight houses along Jeevan Rekha Marg on Saturday. Officials identified these eight structures as being at risk, built on mounds of loose soil that could erode and lead to collapse during the monsoon season. Under the guidance of Municipal Commissioner Kshitij Singhal, a team utilized earth moving equipment and excavators, with police protection, to demolish the eight vulnerable structures, including a crumbling building in South Tora, while ensuring a nearby house was safely vacated. Building Officer…

IndustryLatest Stories

Disputed Geotechnical Report in SNN Raj Etternia Case, Bengaluru

BENGALURU: The geotechnical investigation report prepared for SNN Raj Etternia is pivotal in the ongoing dispute between developer SNN Raj Corp and Nagadi Consultants regarding the cause of tilting in an 18-storey tower within the apartment complex. The affected tower is one of 15 in the 972-unit township located near Kudlu. SNN has asserted that the other 14 towers are structurally sound. Nagadi’s geotechnical report, dated September 2022, indicates that a section of the project site was previously a quarry filled with soil, debris, and other materials, which was factored into the investigation. During the investigation, varying subsurface conditions were…

Latest StoriesResidential

Strata Invests ₹96 Crore in Chennai, Bengaluru Housing Projects

Representative AI image NEW DELHI: Tech-enabled investment platform Strata has committed ₹96 crore to three RERA-approved residential projects in Chennai and Bengaluru, highlighting the increasing interest in private credit backed by Southern India’s real estate market. The investment comes as demand for capital in southern India grows, particularly for plotted developments. In Chennai, Strata has allocated ₹66 crore across two residential developments located in the Old Mahabalipuram Road (OMR) corridor. These investments are structured to yield targeted annual returns of approximately 16%, payable monthly or quarterly. The funding will contribute to a 1.75-acre apartment project in Semmancherry and a 3.21-acre…

Latest StoriesResidential

Chhattisgarh Sees 45% Surge in Women’s Property Registrations

Representative AI image RAIPUR: In Chhattisgarh, a new policy aimed at enhancing women’s visibility in property records is reflecting positive results in recent data. The reduction in registration fees for properties registered in women’s names has elevated their share of registered deeds from 32% to 41% in less than two months. This increase indicates a meaningful shift in a region where land ownership has traditionally been associated with family authority, financial stability, and predominantly male ownership. Impact of fee reduction: From May 6 to June 30, the number of property documents registered in women’s names surged to 21,292 from 14,668…

Latest StoriesRegulatory

TDS Violations Found in Patna Real Estate by Tax Department

Representative AI image PATNA: The Income Tax (I-T) department has uncovered alleged tax discrepancies during a two-day survey of two real estate firms in Patna. Initial findings suggest a tax discrepancy of approximately ₹40-50 lakh, mainly due to non-compliance with Tax Deducted at Source (TDS) rules. I-T officials stated that the survey centered on an under-construction project at Saguna Mor, revealing various lapses in TDS compliance. The firms reportedly failed to deduct TDS on payments for services, goods, immovable property transactions, contractual work, development agreements, and salaries, as mandated under the Income Tax Act. The I-T department has begun reviewing…

CommercialLatest Stories

Large Office Deals Make Up 59% of H1 2026 Leasing: Report

Representative AI image NEW DELHI: In H1 2026, large office transactions (1 lakh sq ft and above) amounted to 28.2 million sq ft across India’s eight major cities, as reported by Knight Frank India. These sizable deals constituted 59% of a total leasing volume of 48 million sq ft during the same period. Bengaluru led the way with 10.1 million sq ft in large office deals, representing 72% of the city’s total leasing activity. Hyderabad and NCR followed closely, each recording 4.9 million sq ft in large office leases, accounting for 65% and 68% of their respective total leasing volumes.…