Category: Latest Stories

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InfrastructureLatest Stories

Pune: Undri Blaze Fire Safety System Audit & Maintenance

PUNE: Chief Fire Officer of Pune Municipal Corporation, Devendra Potphode, announced an investigation into the failure of firefighting equipment in the Undri high-rise, following a tragic incident that resulted in a teenager’s death and injuries to eight others during a fire. Potphode emphasized that society managements are required to conduct fire safety audits with licensed agencies at least twice a year. If they fail to do so, they bear the responsibility for any accidents. “As stipulated in Section 3 of the Fire Act, it is the owner’s or occupier’s duty to ensure the firefighting system is operational 24/7. Residents should…

IndustryLatest Stories

Sunteck Realty to unveil ₹20,000 crore luxury homes in Mumbai, Dubai

Representative image NEW DELHI: Sunteck Realty Ltd is venturing into the ultra-luxury housing market to address increasing demand. The company plans to unveil two new projects in Mumbai and Dubai by June next year, aiming for an estimated revenue of ₹20,000 crore. Sunteck Realty will launch these ultra-luxury residences under its exclusive brand ‘Emaance’, a blend of ‘Immense’ and ‘Indulgence’. “We are entering the ultra-luxury residential segment under Emaance, with costs starting at ₹100 crore per apartment,” said Kamal Khetan, CMD of Sunteck Realty, in an interview with PTI. The price of some units could reach as high as ₹500…

Latest StoriesResidential

Supreme Court Permits Conditional OCs for 450 Noida Flats

NOIDA: The Supreme Court has instructed the Noida Authority to issue conditional occupancy certificates for six residential towers in the Sports City project, Sector 150, providing a significant, albeit partial, victory for over 450 families awaiting their homes in Godrej Nest. The ruling was made by Justices MM Sundresh and Satish Chandra Sharma, in response to a petition from Brick Rise Developers, part of the Sector 150 project led by Lotus Greens Constructions. Brick Rise contested a February order from the Allahabad High Court that was unfavorable to the developers, citing issues such as irregularities, delays, and unpaid dues. The…

Latest StoriesRera

Uttar Pradesh RERA Greenlights 21 Projects Worth ₹7,035 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) convened at its Lucknow headquarters to review and approve 21 new real estate projects across the state. Sanjay Bhoosreddy, chairperson of UP-RERA, emphasized, “Our rigorous approval process ensures all projects adhere to regulations, safeguarding homebuyer interests and bolstering investor confidence.” These newly approved projects entail an estimated investment of ₹7,035 crore, collectively providing 10,866 units that include residential apartments, villas, flats, plotted developments, and commercial spaces such as shops. Published On Sep 28, 2025 at 12:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our…

CommercialLatest Stories

WeWork India to Launch ₹3,000 Crore IPO on October 3

NEW DELHI: WeWork India is set to launch its initial public offering (IPO) on October 3, with estimates suggesting an issue size of nearly Rs 3,000 crore. The offering will close on October 7, with anchor investor bidding opening for a day on October 1, according to the red herring prospectus (RHP). The proposed IPO consists entirely of an Offer for Sale (OFS) of up to 4.63 crore equity shares, with promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) slated to offload the shares. Since this is an OFS, WeWork India…

CommercialLatest Stories

Capgemini sells Thane campus to Panchshil for ₹550 crore

Capgemini Technology Services India, a subsidiary of the French IT and consulting firm Capgemini, has sold its land and buildings in Thane’s Dighe area to Prime Lohegaon Infraspaces LLP for ₹550 crore. This transaction encompasses four land parcels totaling 15.38 acres within the Thane Creek Industrial Area, including five buildings that comprise part of the Capgemini Knowledge Park campus. This sale is one of the most significant outright transactions seen in the Thane submarket in recent years. Prime Lohegaon has paid a stamp duty of ₹27.5 crore for the deal, which was registered on September 17, according to documents from…

Latest StoriesRegulatory

CBI Targets Builders, Financial Officials in Crackdown

Image used for representation. NEW DELHI: The CBI conducted searches at 12 locations across Kolkata, Bengaluru, and Mumbai on Saturday, following the registration of six new cases against builders and financial institution officials for allegedly defrauding homebuyers. The agency is probing a collusion between builders and financial institution officials that deceived homebuyers in these cities, acting on directions from the Supreme Court. The FIRs include Bengaluru-based Ithaca Estate Private Limited, LGCL Urban Homes, Ozone Urbana Infra Developers Pvt. Ltd, Mumbai’s Shashwati Realty Pvt. Ltd, ACME Realties Pvt. Ltd, and Kolkata’s MKHS Housing LLP. Homebuyers approached the Supreme Court after being…

Latest StoriesRegulatory

ED Questions Actor Jagapathi Babu in Sahiti Infra Case

HYDERABAD: On Thursday, Enforcement Directorate (ED) officials interrogated actor Jagapathi Babu regarding the Sahiti Infra case. Investigations revealed that his financial interactions with the company were primarily legitimate. Sources indicated that the actor was summoned to clarify his financial transactions with Sahiti Infra, which is being scrutinized for allegedly defrauding numerous homebuyers. Jagapathi Babu had promoted the real estate company in various advertisements and received payment for his endorsements. The ED confirmed that there are no criminal proceeds associated with him. The ED’s prosecution complaint elaborated on the actions of Sahiti Infratech Ventures India Private Limited (SIVIPL), spearheaded by Boodati…

Latest StoriesResidential

No Occupancy Certificate Required for Buildings Over 1,200 Sq Ft

Sure! Here’s a rewritten version of the content: The Karnataka Cabinet has announced that buildings on plots exceeding 1,200 sq ft within Bengaluru’s jurisdiction will no longer require an Occupancy Certificate (OC). This decision follows a Supreme Court ruling that mandated OCs for power connections, impacting more than 330,000 completed structures in the state that were left without electricity due to the absence of approved plans and OCs. With numerous applications still pending in Bengaluru, the Cabinet aims to offer a one-time relief by drafting a special law to facilitate electricity connections for these buildings. However, the Advocate General noted…

Latest StoriesResidential

Kolkata: West Bengal Lowers Circle Rates in Select Areas

KOLKATA: The state government has revised the circle rates in various localities in Kolkata, including Salt Lake and New Town, addressing concerns that recent increases of 80%-90% significantly raised the financial burden of stamp duty and registration fees for homebuyers. According to insiders from the directorate of registration and stamp revenue in the finance department, this adjustment of the circle rate—which establishes the minimum property price for official sale and purchase registration—was made in response to appeals from organizations such as the West Bengal chapter of the Confederation of Real Estate Developers Association of India (Credai). They pointed out discrepancies…