Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Housing FinanceLatest Stories

Capital India Finance Wins RBI Nod to Sell Housing Finance Unit

Representative Image NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has secured the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction is valued at ₹267 crore for 100% equity shares of CIHL. In October 2024, the decision was made to divest its entire stake in the company’s main subsidiary. Subsequently, CIHL submitted an application to the RBI for approval regarding Weaver Services’ acquisition and control change. “Capital India Finance is currently undergoing strategic consolidation, focusing on strengthening its…

Latest StoriesRegulatory

Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…

IndustryLatest Stories

Auto Mutation of Property in Chandigarh Within a Week

CHANDIGARH: The property auto-mutation process for leasehold properties will now occur within two days, while freehold properties will take up to a week. The estate office has issued a Standard Operating Procedure (SOP) for its implementation across relevant departments. This system automates the mutation process based on registered property deeds, removing the requirement for separate applications from the transferee and minimizing manual intervention. It relies on real-time digital integration between the sub-registrar office (SRO) and the estate office. According to an estate office official, once a deed is registered at the SRO, the associated data and documents are securely sent…

Latest StoriesResidential

Lucknow’s Q1 FY26 House Tax Exceeds 300,000

LUCKNOW: In the first quarter of 2025–26, over three lakh property owners in Lucknow settled their house taxes. Meanwhile, more than four lakh have yet to fulfill this obligation, as reported by the Lucknow Municipal Corporation (LMC) on Monday. As part of the new system, a 10% rebate is available only to individuals who process both house tax and user charges online by July 31. Of the 7,33,521 registered properties in the city, 3,00,208 homeowners cleared their dues between April and June, leaving 4,33,313 properties still pending for tax payment. The total revenue collected to date is Rs 2,02.4 crore.…

Latest StoriesRera

Karnataka: 10 Builders Owe ₹347 Crore in Penalties

Even years after the implementation of the Real Estate Regulation and Development Act (RERA), many major builders in Karnataka are disregarding recovery orders from the Karnataka Real Estate Regulatory Authority (K-RERA). Consequently, homebuyers with favorable rulings find themselves struggling for justice through courts and bureaucratic channels. When RERA was launched, there was hope that victims of real estate fraud would quickly receive justice. Unfortunately, that hope has largely gone unfulfilled. A striking example is the fact that ten major builders owe a collective ₹347 crore in penalties, yet have not made any payments. Recent information acquired through an RTI query…

CommercialLatest Stories

JP Morgan Signs ₹1,000 Crore Office Lease in Mumbai BKC

In a landmark pre-lease agreement, U.S. financial giant JP Morgan has secured over 116,210 sq ft of office space in Sumitomo’s commercial tower within Mumbai’s Bandra-Kurla Complex (BKC). The deal involves a long-term lease of 10 years. The lease includes an initial 10-year term, with options to renew for up to three additional five-year extensions, potentially extending the total to 25 years. The estimated rental outflow for the first 10 years is close to Rs 1,000 crore, with total payments over the 25-year term anticipated to exceed Rs 2,500 crore, making it one of the most significant long-term commercial leases…

Housing FinanceLatest Stories

Westridge to Sell 9.8% Stake in Aptus Value Housing

Aptus Value Housing stocks will be under the spotlight on Tuesday as private equity firm Westridge Investments intends to sell a 9.8% stake in a transaction valued at Rs 1,495 crore, as reported by CNBC-TV18. The floor price for the transaction is set at Rs 305 per share, according to sources. Aptus Value Housing Finance India experienced a 26% year-on-year increase in net profit for the March quarter, driven by robust disbursement growth and improved operational efficiency. The profit after tax reached Rs 207 crore, up from Rs 164 crore during the same period last year. Disbursements saw a 10%…

InfrastructureLatest Stories

Gurugram: Four Illegal Homes Demolished, Two Buildings Sealed

GURUGRAM: The Department of Town and Country Planning (DTCP) in Gurgaon, along with a team from the Sector 53 police station, conducted a demolition operation in Saraswati Kunj along Golf Course Road on Sunday. DTCP officials reported that enforcement actions led to the demolition of four illegally constructed houses that violated approved layout plans. These structures were raised without the necessary approvals and clearances. Furthermore, two buildings nearing completion were sealed for breaching zoning and planning regulations. The enforcement team also demolished two unauthorized labor accommodations situated on the right of way (ROW) of the internal road within the colony.…

Latest StoriesRegulatory

Sudhanshu Infrastructure Faces Legal Action in Bhandup Case

MUMBAI: In a significant move against unauthorized construction and violations of urban planning regulations, the Slum Rehabilitation Authority (SRA) has filed a complaint with Bhandup police against Sudhanshu Infrastructure Pvt. Ltd. and its representatives, including Abhayjit Dubey, for alleged illegal structural alterations and unauthorized occupancy of Aniraj Tower in Bhandup (West), Mumbai. According to Laxmikant Manekar, Assistant Engineer at the SRA, the developer improperly constructed a hall instead of a permitted shop on the 8th floor without the necessary approvals under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. This construction violates the approved building plan. Moreover, the developer…