Category: Latest Stories

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CommercialLatest Stories

WeWork India Leases 200K sq ft Office in Pune and Chennai

NEW DELHI: WeWork India Management has finalized leases for two new locations: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai office occupies three floors within the Littlewood Tower, covering a total area of 150,000 sq ft and accommodating 2,400 desks. In Pune, WeWork has partnered with Panchshil Realty to acquire two floors of workspace spanning 60,000 sq ft, which will house 1,000 desks. Both locations are expected to open in the latter half of FY25. Published On Jun 12, 2025 at 12:30 PM IST Join a community of over 2 million industry professionals.…

Housing FinanceLatest Stories

PNB Housing Q4 FY25 Net Profit Soars 25.30%

NEW DELHI: PNB Housing Finance has reported a 25.30% increase in consolidated net profit for the quarter ending March 31, 2025. The profit after tax reached ₹550.38 crore in Q4 FY25, compared to ₹439.25 crore for the same quarter in the previous fiscal year, according to a BSE filing. The company’s consolidated total income for Q4 FY25 amounted to ₹2,036.78 crore, reflecting a 12.28% growth from ₹1,813.97 crore during the same period last year. Girish Kousgi, Managing Director & CEO, stated, “Our retail loan assets grew by 18.2% year-on-year, reaching ₹74,802 crore as of March 31, 2025, driven by growth…

InfrastructureLatest Stories

Start of Structural Study on Margao’s Unsafe Buildings

MARGAO: After weeks of delays amidst growing public safety concerns, authorities have begun the long-awaited structural assessment of 22 unsafe buildings in Margao. Acting on the directive of South Goa collector Egna Cleetus, a team from Goa College of Engineering (GEC) conducted inspections of four buildings this week. This action follows nearly a month after Cleetus issued urgent orders for immediate measures after several building collapses were reported in Margao. Specifically, the collector instructed the public works department (PWD) to secure structural stability assessments from GEC within a week, as the Margao Municipal Council (MMC) cited budgetary constraints as an…

Latest StoriesRegulatory

ED seizes ₹557 crore assets of Mahira Group in money laundering

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached assets worth around Rs 557.43 crore as part of a money laundering investigation concerning Mahira Infratech Pvt Ltd (previously known as M/s Sai Aina Farms Pvt Ltd), M/s Mahira Buildtech Pvt Ltd, and M/s Czar Buildwell Pvt Ltd. According to an official statement, the ED utilized the Prevention of Money Laundering Act (PMLA) of 2002 to attach several assets, including seven immovable properties that total about 35 acres of residential and commercial land in Gurugram’s Sectors 68, 63A, 103, 104, 92, 88B, and 95. Additionally, Fixed Deposit Receipts (FDRs) amounting to…

Latest StoriesResidential

Randeep Hooda Purchases ₹5.63 Crore Apartment in Mumbai

NEW DELHI: Randeep Hooda has acquired an apartment in Bianca C.H.S., Versova, Mumbai, for ₹5.63 crore. The apartment spans a built-up area of 142.19 sq meters (1,530 sq ft). The transaction was registered in June 2025, with a stamp duty of ₹33.78 lakh and registration fees of ₹30,000, as per the Inspector General of Registration (IGR) documents reviewed by Square Yards. Published On Jun 27, 2025 at 12:03 PM IST Join our community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Stay updated on the ETRealty industry directly on your…

Latest StoriesRera

Telangana RERA Launches Enforcement Wing for Swift Compliance

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) is set to bolster the regulatory framework in the real estate sector by establishing its own enforcement mechanism for ensuring adherence to its orders. In response to ongoing delays by non-compliant builders and developers, TGRERA now enables district collectors to enforce the Revenue Recovery Act (RRA) and utilize specific civil court powers. This represents a significant transition from a passive regulatory approach to active enforcement. An executive director, likely from the revenue department, will lead the new enforcement unit, supported by a specialized team dedicated to executing TGRERA’s directives. “TGRERA is aligning…

CommercialLatest Stories

US Firms Account for 33% of Office Demand in India’s Top 7 Cities

NEW DELHI: US companies have leased 64.5 million square feet of office space in India from 2022 to 2024 across seven major cities, accounting for more than one-third of total workspace leasing, according to JLL India. Data from real estate consultant JLL India shows that the total gross leasing of office space during the 2022-2024 period reached 190 million sq ft across Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. Of this, US firms rented 64.5 million sq ft of office space primarily to establish their Global Capability Centers (GCCs). Approximately 70% of the office space rented was for setting…

InfrastructureLatest Stories

Bhopal’s Central Slums Set to Relocate

Representative Image BHOPAL: The central area of Bhopal is set to experience substantial urban development, with plans to relocate slum settlements near Vallabh Bhawan to the Banganga area and other nearby locations within a 3 to 5 km radius, as per officials. Reports indicate that nine slum settlements currently near Vallabh Bhawan will be moved to Banganga, close to Jinsi, where around 14,000 permanent residences will be constructed under a Public-Private Partnership (PPP) model. The affected communities include Vallabh Nagar, Vallabh Nagar-2, Om Nagar, Bhim Nagar, Durga Nagar-1 and 2, Ashok Samrat Nagar, Kumharpura, and Jhada Colony. Although initial plans…

Latest StoriesRegulatory

Lucknow: Ten FIRs Filed Against Ansal API in One Day

Representative Image LUCKNOW: Ten new FIRs were filed against Ansal API at the Sushant Golf City police station on Thursday and Friday, increasing the total number of cases against the real estate firm in Lucknow to 224. The complaints allege fraudulent activities relating to undelivered properties, including flats, villas, and plots, totaling over Rs 1.72 crore. Tanuja Krishna Dubey, a resident of Railway Officers’ Colony, stated that her late father purchased a plot in 2011 and paid Rs 33.60 lakh by 2015. Despite numerous requests, the registry was never processed. Following her father’s death in 2022, Tanuja claims she was…