Category: Latest Stories

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InfrastructureLatest Stories

Gurugram Real Estate Stumbles: Flooded Streets and Empty Sites

Representative AI image NEW DELHI: Gurgaon’s recent infrastructure collapse has severely affected real estate sales, resulting in a notable decrease in site visits by potential buyers, according to developers and brokers. Experts suggest that improved infrastructure and the forthcoming airport may lead Noida to outpace Gurgaon. “We’ve urged the government to prioritize development in Gurgaon, which is a significant revenue source for Haryana but continues to be overlooked. The city’s infrastructure can barely handle a few bouts of rain, causing major disruptions that deter investors. This has visibly impacted sales recently, giving Noida an edge,” stated Praveen Jain, chairman emeritus…

Latest StoriesResidential

New Building Rule Boosts Sales of Chennai Homes

CHENNAI: Families looking to purchase villas and independent homes in Chennai have reason to celebrate, as the Tamil Nadu government has approved stilt + two-floor buildings up to 10 meters. This modification creates stilt space for parking and accelerates handovers, making villas more appealing to buyers. Developers and investors anticipate that this will generate renewed demand for plotted developments throughout the city and its suburbs. S Ramprabhu, chairman of the DTCP committee at the Builders Association of India, stated that this change will cater to the increasing need for independent homes in Chennai. “Previously, the self-certification was limited to G+1…

InfrastructureLatest Stories

Height Limits Set for 20km Near Noida Airport; YEIDA to Revise Bylaws

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has initiated a revision of its building bylaws to align with the height restrictions outlined by the Airports Authority of India (AAI) for the 20km radius surrounding the Noida International Airport in Jewar. This official decision, taken during a board meeting on Saturday, is set to reshape the skyline for thousands intending to reside, work, or develop industries near one of India’s most ambitious aviation projects. YEIDA’s actions come shortly after the AAI unveiled its Colour-Coded Zoning Map (CCZM), which provides detailed guidelines on the maximum height permissible for…

IndustryLatest Stories

REITs Value Hits ₹1.5 Lakh Crore; Q1 FY26 Distributions Up 13.7%

NEW DELHI: As of market close on August 18, 2025, India’s listed real estate investment trusts (REITs) have achieved a combined market capitalization of approximately ₹1.5 lakh crore. Quarterly distributions rose 13.7% year-on-year to ₹1,559 crore in Q1 FY26, reaching over 2.7 lakh unitholders. Since their inception, the four operational REITs have distributed more than ₹24,300 crore to unitholders up to Q1 FY26. As of Q4 FY25, the domestic REIT industry’s assets under management (AUM) were valued at ₹2.25 lakh crore, with a portfolio exceeding 175 million sq ft of Grade A office and retail space. REITs offer tax-efficient, pass-through…

InfrastructureLatest Stories

Madurai Metro and NHAI Plans Collide in Thirumangalam

Representative AI image MADURAI: The Madurai Metro rail project has encountered planning challenges as its proposed route conflicts with the National Highways Authority of India’s (NHAI) plans for vehicular underpasses at accident-prone areas along the Thirumangalam stretch. The issue arises at two key intersections—Sipcot and Thoppur—where NHAI aims to construct underpasses to enhance road safety as part of its “Zero Fatality Highways” initiative. Meanwhile, CMRL’s metro design features a median alignment that follows the same highway post-Thirumangalam. CMRL and NHAI are currently exploring options to harmonize metro infrastructure with NHAI’s plans, which could involve raising the height of metro pillars…

Latest StoriesRegulatory

Punjab Cancels Developer’s Partial CLU Approval

MOHALI: In a significant blow to a local developer, the Punjab government has revoked a part of the Change of Land Use (CLU) permission previously granted for an industrial colony in Sector 102, covering the villages of Drari and Dhurali. The director of town and country planning in Punjab issued the cancellation on Thursday, alleging that the developer submitted forged documentation. The revocation involves 9 kanals and 15 marlas (approximately 1.3 acres) of land, which is now excluded from the project. The decision has left 200 investors, who have reportedly invested about Rs 250 crore, uncertain about the project’s future.…

Latest StoriesRera

UP-RERA Resolves 50,000+ Complaints, Tops Grievance Redressal

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully resolved 50,812 consumer complaints to date, which represents nearly 40% of all real estate grievances addressed nationwide. Since its establishment, UP-RERA has received 58,545 complaints under Section 31 of the RERA Act, accounting for 39% of the national total. With a disposal rate of 85.2%, the authority has become the primary platform for homebuyers seeking resolutions for issues related to possession delays, refunds, and interest payments. Sanjay Bhoosreddy, chairman of UP-RERA, stated that the disposal rate reflects the regulator’s commitment to timely justice and the accountability of promoters.…

InfrastructureLatest Stories

Jaipur Civic Body Criticized for Unsafe Buildings

JAIPUR: A tragic building collapse in Subhash Chowk claimed two lives and injured several others late Friday night. The 100-year-old four-storey structure gave way after heavy rain, prompting a visit from acting mayor Kusum Yadav, who faced backlash from locals for the municipal administration’s alleged negligence leading to this disaster. Efforts to rescue and clear debris continued throughout Saturday. The collapse, occurring around 1am, resulted in the deaths of Prabhat (33) and his daughter Pihu (5). Sumitra (27), Prabhat’s wife, is currently in critical condition at SMS Hospital with severe spinal injuries, along with multiple fractures. Other injured residents are…

InfrastructureLatest Stories

Approval for ₹136 Crore Project at Thiruvananthapuram Airport

Representative AI image THIRUVANANTHAPURAM: In a significant advancement for airport development in the city, the Union Environment Ministry’s Expert Appraisal Committee (EAC) has recommended environmental clearance (EC) for the proposed city-side development project at Thiruvananthapuram International Airport. The project, initiated by Adani Airport Holdings Ltd (AAHL) at Chackai within the airport grounds, aims to establish a major hospitality and commercial hub with an investment of ₹136.31 crore. Sources familiar with the matter indicated that the EC is expected to be officially granted in the next three months, allowing construction to begin. The design includes a 240-room hotel, food and beverage…