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IndustryLatest Stories

Indian Real Estate Attracts $1.80B in Institutional Investment Q2 2025

Representative image created by AI NEW DELHI: The Indian real estate sector secured institutional investments totaling $1.80 billion in Q2 2025, marking a 42% decrease year-over-year from the all-time high investments in any quarter. However, compared to the previous quarter, investments surged by 122%. While foreign investments remained prominent in Q2 2025, their share declined from 71% in Q2 2024 to 66%. In value terms, foreign investments fell by 46%, dropping to $1.19 billion from $2.21 billion. According to Shrinivas Rao, CEO of the firm, “This growth momentum is expected to persist, with several rating agencies forecasting economic growth exceeding…

IndustryLatest Stories

Mysuru Civic Body Launches Weekly e-Khata Drive Every Friday

MYSURU: The Mysuru City Corporation (MCC) has initiated an e-Khata campaign every Friday from 3 PM to 6 PM, aiming to make services more accessible to the public. This decision follows community frustration over delays in issuing e-Khatas, largely due to ongoing technical problems, particularly related to servers and logins, since early June. With about 1.7 lakh properties within MCC jurisdiction, only around 45,000 e-Khatas were issued by June 3. “Our goal is to issue at least 1 lakh e-Khatas by the end of this financial year,” stated Shaikh Tanveer Asif, MCC Commissioner. He assured that the city corporation is…

InfrastructureLatest Stories

Experts: Unregulated Approvals, Drain Encroachment Cause Waterlogging

Representative image created by AI BHUBANESWAR: Experts have linked the persistent waterlogging in various city areas to years of unchecked plan approvals and violations of the Command Area Development Authority’s (CADA) canal framework. According to specialists, CADA canals serve as natural drainage channels designed to manage rainwater effectively in planned regions. However, rapid construction has led to the elimination of these crucial canals. “Although CADA is commonly associated with irrigation, its significance extends to urban environments as well. Effective water management and distribution are vital in addressing stormwater runoff and wastewater issues,” stated real estate expert Bimalendu Pradhan. Pradhan noted…

InfrastructureLatest Stories

Mohali Seeks Bids for Aerotropolis Development Project

Representative image created by AI MOHALI: In a significant initiative to reshape Mohali’s urban environment, the Greater Mohali Area Development Authority (GMADA) has called for Expressions of Interest (EoIs) for the development of the Aerotropolis City project, which encompasses 5,500 acres near Shaheed Bhagat Singh International Airport. This development comes after the project received environmental clearance from the State Environment Impact Assessment Authority, clearing the last obstacle to commence physical development. The decision to start inviting bids was made by the secretary of housing following years of delays. According to GMADA officials, the Aerotropolis will be developed in phases, with…

Latest StoriesResidential

Gurugram: ROF Alante Residents Protest Poor Infrastructure

GURUGRAM: Tensions rose in Sector 44 as residents of the ROF Alante Society in Sector 108 protested outside the builder’s office, with police present, demanding essential infrastructure and an investigation into the project’s approval on Saturday afternoon. The residents raised concerns about the builder receiving a license and occupancy certificate (OC) without proper road access to the site. “The project was developed under Haryana’s affordable housing scheme, yet the developer has not provided necessary infrastructure, including a permanent 24-meter access road,” said resident Shivani Thusoo. Protesters were reportedly stopped by security at the builder’s office. Police soon arrived and spoke…

IndustryLatest Stories

NPCI Buys Prime BKC Land from MMRDA for ₹829 Crore HQ

Representative image created by AI The National Payments Corporation of India (NPCI) has acquired a prime land parcel in Mumbai’s Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA) for ₹829.43 crore to establish its headquarters. Finalized on June 18, the transaction grants NPCI an 80-year lease on two amalgamated plots in G-Block, covering nearly 1.5 acres with a permissible built-up area of approximately 2.59 lakh sq ft. This deal is one of the significant land transactions in BKC and is expected to impact the area’s real estate landscape, notably regarding future pricing trends and development strategies. NPCI…

Latest StoriesRegulatory

Karnataka HC Upholds RERA Co-op Society, Dismisses Flat Owners’ Plea

BENGALURU: A recent high court ruling could reshape the establishment of apartment associations under Rera regulations. The court affirmed the legitimacy of the Commune 1 Apartment Co-operative Society. The ruling dismissed two writ petitions brought forth by a faction of flat owners and their registered welfare association. It concluded that the cooperative, formed under the Real Estate (Regulation and Development) Act (Rera), has the rightful authority to represent the allottees and oversee the project’s shared areas. The case arose from the Commune 1 Apartment Project, where the Commune 1 Residents Welfare Association contested the establishment of the co-operative society created…

IndustryLatest Stories

Karnataka’s New Apartment Law Draft Almost Complete

BENGALURU: The Karnataka government has announced progress on the long-awaited draft of a new apartment act, aimed at resolving the legal ambiguity surrounding ownership, maintenance, and land rights for thousands of apartment residents. The urban development department stated that the draft—which has been developed in collaboration with apartment associations, legal experts, and stakeholders—will soon be forwarded to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, remarked, “The draft is nearly complete. We’ve conducted meetings and gathered feedback from the law department and apartment owners. We’re now adding the final touches before presenting it to the ministers.…

Latest StoriesResidential

Chandigarh’s Housing Crisis: Running Out of Space and Time

Representative image created by AI CHANDIGARH: Once designed as a vibrant city of gardens and geometric elegance, Chandigarh now faces a significant challenge — a housing crisis. With only 600 acres remaining for residential development within a 28,170-acre master plan, the aspiration of homeownership in this architectural landmark is becoming increasingly unattainable. The last public housing scheme was initiated in 2016, and since then, the city’s skyline has remained relatively unchanged, despite its population having surged to over 1.3 million, nearly three times its planned capacity. Now, even the limited land available is being designated for government housing, with plans…

Latest StoriesResidential

2,000 Ashiana Flats in Panchkula to Get Makeover

Representative image created by AI PANCHKULA: The much-anticipated renovation of 2,072 Ashiana flats in Panchkula is finally commencing, offering hope to residents who have dealt with subpar living conditions for years. Originally constructed by HSVP to house below-poverty-line (BPL) families, the buildings have deteriorated over time, suffering from structural damage, crumbling walls, and overgrown parks and pathways. HSVP has allocated funding for the renovation, which the municipal corporation (MC) will supplement with external civic enhancements to rejuvenate the housing complexes. Two major renovation projects have been approved by HSVP. The first project, estimated at Rs 1.88 crore, will refurbish 960…