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.

CommercialLatest Stories

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…

Latest StoriesRegulatory

Bombay HC: MLA Must Not Interfere in Redevelopment Efforts

MUMBAI: The Bombay High Court has prohibited the Slum Rehabilitation Authority (SRA) and BMC from responding to complaints and interference from BJP MLA Parag Alavani and a competing developer regarding a slum rehabilitation project in Vile Parle (E), as reported by Rosy Sequeira. The bench, consisting of Justices Girish Kulkarni and Arif Doctor, remarked, “It reflects poorly when any statutory authority abandons its statutory responsibilities due to outside interference, which is evidently what the respondent 2 (SRA) appears to have done,” during their ruling last Friday. In November 2020, the Shree Gurukrupa CHS, a slum-dwellers’ society, appointed Sateri Builders for…

Latest StoriesResidential

Gujarat CM greenlights ₹490 crore for panchayat housing

GANDHINAGAR: Gujarat Chief Minister Bhupendra Patel has approved a significant grant of Rs 489.95 crore for the construction of 2,055 new Gram Panchayat buildings as part of the Gram Panchayat Ghar cum Talati-Mantri Awas Yojana, aiming for complete saturation across the state. To solidify the role of Gram Panchayats as essential units in the three-tier Panchayati Raj system, CM Patel’s office announced the substantial grant through a press release. The State Government’s Panchayat Department allocates funds from the annual budget to construct new Panchayat buildings for those that are dilapidated or nonexistent, along with residences for Talati-cum-Mantri officials. The facilities…

Latest StoriesRera

Telangana RERA Halts R Homes Project for Norm Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated that R Homes Infra suspend its project, Jai Vasavis Bliss Heights, located in Yamnampet, Ghatkesar. The promoter is instructed to halt all marketing and sales activities immediately due to 11 complaints, including one from Narasimhula Upendra of Hanumakonda, which allege misrepresentation and violations of the Real Estate (Regulation and Development) Act. The complaints assert that R Homes collected significant funds from prospective buyers during the pre-launch phase by making misleading claims regarding project registrations. Allegedly, the promoter executed 10 agreements prior to receiving RERA registration, in violation of Section…

Housing FinanceLatest Stories

Altum Credo secures ₹170 crore from British International Investment

NEW DELHI: British International Investment (BII) has invested ₹170 crore in Altum Credo Home Finance, a company focused on affordable housing finance. This funding will enable Altum Credo to expand its operations in its current regions within India and to bolster its IT infrastructure, enhancing operational efficiency, customer experience, and digital service delivery. The firm primarily addresses the home finance needs of first-time buyers from low-income groups, boasting assets under management (AUM) exceeding ₹1,000 crore. Published On Aug 25, 2025 at 09:45 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…

Latest StoriesResidential

Nine Years Later, Gurugram Housing Project Faces Fraud Claims

GURUGRAM: Over 100 homebuyers protested on Sunday, alleging that developer Swaraj Singh Yadav cheated more than 3,000 buyers in a project located in Sector 109. Holding placards and chanting slogans, the protesters gathered outside Legend Society in Sector 57, expressing their frustration with Ocean Seven Buildtech Pvt Ltd. A buyer from the stalled Expressway Towers remarked, “This is nothing short of fraud.” They claim that despite paying in full since the project’s inception in November 2016 under the Affordable Housing Scheme (PMAY), construction currently sits at only 65%, causing significant financial and emotional strain. In response, the company’s spokesperson clarified,…

Latest StoriesRera

Maharashtra REAT Cancels MahaRERA’s Possession Date Extension

MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned a prior ruling by MahaRERA that had extended the possession deadline for a Navi Mumbai project. In its updated decision, MREAT underlined that such unapproved extensions from the developers, without the homebuyers’ consent, are illegal. This case involves homebuyers Neha and Nitin Walavalkar, who have been expecting possession of their flat since December 2017. In a modification of MahaRERA’s February 2024 order, MREAT clarified that the unilateral extension of the possession date had effectively changed the conditions of the original sale agreement, which is not permissible by law. MREAT ordered…

IndustryLatest Stories

Taxman could gain greater power to target benami properties

Representative Image MUMBAI: Efforts to strengthen the law against benami transactions are underway. These transactions often see faceless individuals, slum residents, and impoverished laborers in tribal areas holding properties worth crores for the actual owners who conceal their identities. A committee formed by the Central Board of Direct Taxes (CBDT) has put forth recommendations, including granting officials access to the Aadhaar database, state property registries, and the vehicle and driving license data. They also propose amending the law to allow the confiscation of other assets belonging to true beneficiaries if a benami asset remains untraceable. The committee, which submitted its…

Latest StoriesResidential

Chamarajanagar ZP survey finds 35,050 houseless families in 2024-25

Representative image created by AI MYSURU: The Chamarajanagar Zilla Panchayat has identified 35,050 houseless families and 4,471 site-less families during its recent 2024-25 survey. They have recommended the construction of homes for these families, pending state approval for houses to be allocated under various government housing schemes. Among the 35,050 identified houseless families, Chamarajanagar taluk reported the highest with 11,582, followed by Gundlupet (10,782), Hanur (3,729), Kollegal (4,499), and Yelandur (4,458). This survey also revealed that 11,358 of these families belong to Scheduled Castes, 4,453 to Scheduled Tribes, and 19,239 to other categories. For the 4,471 site-less families, the breakdown…

Latest StoriesRegulatory

Nagpur SROs Failed to Report ₹5,500 Crore Real Estate Deals

NAGPUR: The Income Tax Department is probing unreported real estate transactions valued over Rs 5,500 crore, originating from the property registrar’s offices. The investigation began at the Hingna sub-registrar’s office (SRO) and has now expanded to four additional SROs in Nagpur city. According to the Intelligence and Criminal Investigation (IC) wing of the I-T department, it was discovered that a single SRO had reported deals amounting to Rs 2,500 crore that were missing from the Statement of Financial Transactions (SFT). When combined with other SROs under investigation, the total now surpasses Rs 5,500 crore. Sources indicate that this case has…