Category: Latest Stories

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Latest StoriesRera

Telangana RERA Orders The Building Co. to Refund Buyer with Interest

Sure! Here’s a rewritten version of the content: HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated infrastructure company The Building Co to refund ₹30 lakh with an annual interest rate of 11% to a buyer of a flat in its ‘TBC Rasagna North’ project located in Pet Basheerabad, Kompally. In a ruling dated September 4 under the Real Estate (Regulation and Development) Act, the authority found the developer guilty of collecting funds via a ‘pre-launch offer’ without proper registration or a valid sale agreement. Additionally, TG RERA imposed a ₹5 lakh penalty on the developer for breaching…

InfrastructureLatest Stories

Arunachal Pradesh Cabinet Approves Bill for Urban Growth

ITANAGAR: The Arunachal Pradesh Cabinet has approved a Bill that aims to establish a legal framework for town planning schemes, marking an important advancement towards organizing urban growth and development in the state, as stated by officials. This decision follows the rapid urbanization in the state, with 47 recognized urban centers needing structured planning to prevent unregulated growth. The draft Arunachal Pradesh Urban and Country Planning (Amendment) Bill will be presented in the upcoming Assembly session, allowing for town planning schemes, land pooling, and enabling the state to access Rs 100 crore in capital incentives during the ongoing financial year…

Latest StoriesResidential

Tiger Shroff sells Mumbai apartment for ₹15.6 crore

NEW DELHI: Tiger Shroff has sold his apartment at Rustomjee Paramount in Khar, Mumbai, for ₹15.60 crore. He purchased the property in 2018 for ₹11.62 crore. The apartment boasts a carpet area of 1,989.72 sq ft (184.85 sq meters) and a built-up area of 2,189 sq ft (203.34 sq meters), as indicated by property registration documents examined by Square Yards on the Inspector General of Registration (IGR) website. The sale includes three parking spaces. Additionally, the deal involved a stamp duty of ₹93.60 lakh and registration fees of ₹30,000. The transaction was officially registered in September 2025. Published On Sep…

IndustryLatest Stories

Andhra Pradesh earmarks land for private industrial park in Nellore

Representative AI image VIJAYAWADA: The state government has allocated 2,776 acres of land to IFFCO-SEZ in the Nellore district to pave the way for a significant private industrial SEZ. The company plans to invest ₹870 crore and create approximately 70,000 jobs. Andhra Pradesh’s new policy for establishing private industrial parks (2024-29) provides ‘plug and play’ industrial infrastructure. The aim is to enhance the development of world-class industrial parks through private sector initiatives, fostering job creation and investment by cultivating a favorable investment climate in the state. This policy will support world-class operations and maintenance in these parks, while creating a…

Latest StoriesResidential

Senior Citizens Face E-Khata Issues Amid Aadhaar Mandate in Bengaluru

Representative AI image BENGALURU: Numerous senior citizens in the city are facing challenges in obtaining e-Khata for properties bought by their children, who are now living abroad. The requirement for Aadhaar ID on the Greater Bengaluru Authority (GBA) portal has left many families of Non-Resident Indians (NRIs) frustrated, as they lack this form of identification. For example, an octogenarian from RT Nagar, C V Govindharaju, is struggling to secure e-Khata for his flat purchased 22 years ago. “My son, who is a US citizen, assisted me in acquiring this apartment in 2003. However, the application for e-Khata is rejected because…

CommercialLatest Stories

日本企業、インドでGCCを狙う

AI-generated image (representative) HYDERABAD: Although Japanese companies have joined the global capability centre (GCC) scene in India later than others, the ‘silver tsunami’ in Japan is driving an influx of these firms to India. With approximately 30% of its population aged 65 and older, Japan faces a rapidly shrinking workforce while dealing with modernisation challenges. This situation has propelled Japanese companies to seek out India’s young and talented tech workforce, alongside its robust engineering capabilities and growing innovation ecosystem. As reported by Joules2Watts Business Solutions, India is now home to around 85 Japanese GCCs employing over 180,000 people, a number…

IndustryLatest Stories

HSV Property Dealer Launches Online Urban Estate Resale Platform

Representative AI image CHANDIGARH: The Haryana Shehri Vikas Pradhikaran (HSVP) is poised to rebrand itself as a government-run real estate agency, a decision that may not be well received by private real estate agents and the general public. In response to a shortage of land, HSVP plans to facilitate allottees across its 30 urban estates to resell their properties through an e-auction platform. Allottees will need to express interest (EOI) and pay an initial facilitation fee of 0.25% of the offer price, followed by 0.50% of the final deal amount post-auction. The first e-auctions are scheduled for September 24-28 in…

Latest StoriesResidential

Odisha Launches ₹500–1,500 Monthly Rental Homes for All

Representative AI image BHUBANESWAR: Tenants, especially students and the urban poor, can breathe a sigh of relief as the housing and urban development department launches an innovative rental housing project across multiple urban centers in the state. The project aims to provide quality accommodation for targeted beneficiaries, with affordable rent ranging from Rs 500 to Rs 1,500 per month. Several rental housing complexes are currently being constructed in Odisha, with one already operational in Bhubaneswar. According to official data, Bhubaneswar hosts three such projects: a 200-bed facility in Kharvel Nagar and two 100-bed facilities in Shampur and Chandrasekharpur. Additionally, the…

CommercialLatest Stories

Mumbai: Wadala CBD Auction Soon as BKC Saturates

Representative AI image MUMBAI: With the land bank in BKC now fully sold, the MMRDA is set to initiate the auction of plots in Wadala, the city’s upcoming third central business district (CBD), spanning 156 hectares. MMRDA Commissioner Sanjay Mukherjee informed TOI that the auction process will kick off within the next two months. “Wadala’s development has been incorporated into the economic master plan jointly created by Niti Aayog and MMRDA. MMRDA is proceeding with the development of Wadala, expected to commence in the next two to three months,” he stated. To sustain the upward trend in real estate prices,…

Latest StoriesResidential

Chandigarh: Manimajra Housing Project Approval in Question

CHANDIGARH: A significant controversy has arisen over the approval of a multi-storey housing project in Manimajra. Senior Deputy Mayor Jasbir Singh Bunty and Deputy Mayor Tarun Mehta have claimed that the agenda was passed unlawfully during the MC’s 352nd general house meeting on August 26. In a letter sent to the local government secretary, the two officials, along with AAP councillor Prem Lata, alleged the agenda was pushed through arbitrarily, violating democratic procedures and the Municipal Corporation Act. They called on the secretary to intervene and nullify the agenda for the greater public good. The councillors contended that opposition members…