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Latest StoriesRegulatory

Probe Launched into TDR Scam on Deolali Reserved Land

NASHIK: On Thursday, Ram Shinde, chairman of the Maharashtra Legislative Council, ordered the civic and district administration to investigate a purported Transfer of Development Rights (TDR) scam concerning land acquisition for public amenities in Deolali, Nashik. He requested a report be submitted within 15 days. The directive followed a meeting with relevant officials after a complaint surfaced that the Nashik Municipal Corporation granted TDR certificates to a landowner at rates surpassing the government’s market value in return for land at Survey No. 295 in Deolali, which is earmarked for a garden, school, and an 18m DP Road. This meeting occurred…

IndustryLatest Stories

NCR Sees 7.2M Sq Ft Office Leasing in H1 2025

NEW DELHI: The National Capital Region (NCR) has outshined other Indian cities in both commercial and residential real estate during the first half of 2025, achieving a record 7.2 million sq ft of office space leased and a significant increase in ultra-luxury home sales, as reported by Knight Frank India. Office Market: Record Leasing Momentum in NCR NCR’s office leasing rose by 27% year-on-year, reaching an unprecedented high and signaling the region’s growing status as a commercial hub. Gurugram, recognized as NCR’s corporate focal point, represented a remarkable 65% of total office leasing, a notable increase of 900 basis points…

Latest StoriesResidential

Half of Homes Sold in H1 2025 Exceeded ₹1 Crore

NEW DELHI: The premium housing sector has taken the lead in India’s residential real estate market during the first half of 2025, with nearly 50% of homes sold exceeding ₹1 crore. A report by Knight Frank India indicates that 49% of the 1.7 lakh housing units sold across the top eight cities from January to June 2025 were in this premium category, despite a slight year-on-year dip of 2% in overall housing sales. This trend highlights a shift in buyer preferences due to limited supply of affordable housing and an increase in demand from mid-to-high-income buyers. The National Capital Region…

Housing FinanceLatest Stories

LIC Housing Finance trims lending rate by 25 bps

Sure! Here’s a rewritten version of the content: NEW DELHI: LIC Housing Finance has announced a reduction in its benchmark lending rate by 25 basis points, following the recent policy rate cut by the Reserve Bank of India. This adjustment to the LIC Housing Prime Lending Rate (LHPLR) aims to make home loans more accessible for both existing and new borrowers, as stated by the LIC subsidiary. The updated interest rates will begin at 8 percent and will take effect from April 28. The LHPLR acts as the standard rate for determining interest rates on all loan types. Published On…

IndustryLatest Stories

Real Estate Firms Triple Capital Raised in FY25: Equirus Capital

NEW DELHI: Capital mobilization by real estate firms has more than tripled in FY25, reaching ₹3,28,526 million, up from ₹1,09,554 million in FY24, as reported by Equirus Capital. The number of transactions rose significantly from 5 to 17 during the same period. Large-cap companies led the fundraising efforts, raising ₹3,93,898 million, followed by REITs at ₹3,12,012 million. Small-cap and mid-cap firms gathered ₹66,938 million and ₹52,626 million, respectively. According to Equirus Capital, returns from Real Estate Investment Trusts (REITs) were at 17.9% for the 12-month period ending June 23, 2025—nearly three times the Sensex’s returns of 6.1%. In contrast, publicly…

Latest StoriesResidential

100 Buyers Register at RG Luxury Homes’ Noida Camp

NOIDA: Around 100 homebuyers of the RG Luxury Homes project received their registries during a special camp organized by the Greater Noida Authority and the stamp and registration department on Wednesday. This event, held at the project site in Greater Noida West, marked the start of the registration process. Authorities have been prompted to arrange similar camps for other legacy projects to speed up the handover process. After settling 25% of their dues with the Authority, the promoter was granted permission to commence unit registration in line with state government policy. Initially launched in 2010 with a delivery date set…

Latest StoriesRera

Developers Receive Gujarat RERA Notices for Pre-Registration

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has commenced issuing notices to developers who are marketing their projects and taking bookings prior to obtaining RERA registration, which violates the RERA Act. Sources report that GujRERA plans to launch a significant campaign against this practice statewide. The authority has also introduced new marketing regulations that will take effect on June 15. According to a source, “The authority has issued warnings to several developers who began promoting their projects and accepting bookings without registering them with RERA. This measure is aimed at ensuring customer safety. In addition to responding to public…