Category: Latest Stories

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Latest StoriesResidential

Salman Khan Sells Mumbai Apartment for ₹5.35 Crore

NEW DELHI: Salman Khan has sold an apartment in Shiv Asthan Heights, Bandra West, Mumbai, for ₹5.35 crore. The apartment features a built-up area of 1,318 sq ft (122.45 sq meters) and comes with three car parking spaces. The transaction incurred a stamp duty of ₹32.01 lakh and registration charges of ₹30,000, based on the Inspector General of Registration (IGR) documents reviewed by Square Yards. The deal was officially registered in July 2025. Published On Jul 16, 2025 at 03:59 PM IST Join a community of over 2M industry professionals. Subscribe to our newsletter for the latest insights & analysis…

Latest StoriesResidential

Shapoorji Pallonji Plans Residential Project in Bavdhan, Pune

NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has unveiled its latest residential project, Vanaha Verdant, located within the expansive 1,000-acre integrated township of Vanaha, close to Bavdhan, Pune. The new development spans five acres and will provide around 10 lakh sq ft of saleable area, with a projected revenue potential of ₹800 crore. To date, SPRE has successfully sold over 2,000 apartments valued at ₹1,800 crore across its mid-segment (Yahavi and Springs) and premium offerings (Golfland phase 1 & 2) within the township. Published On Jul 16, 2025 at 11:30 AM IST Join over 2 million industry professionals. Subscribe to…

InfrastructureLatest Stories

Two-Day Consultations on Visakhapatnam Development Plan

VISAKHAPATNAM: The Chairman of the Visakhapatnam Metropolitan Region Development Authority (VMRDA), Pranav Gopal, and Metropolitan Commissioner KS Viswanathan will be at the VMRDA office on July 16 and 17 (Wednesday and Thursday) to gather public feedback on the master plan. This marks the conclusion of a month-long consultation process aimed at receiving objections and suggestions from the public and local representatives regarding the master plan spanning the VMRDA’s jurisdiction, which includes the districts of Anakapalli, Visakhapatnam, and Vizianagaram. Although the initial plan was developed during the YSRCP’s tenure, the new government has opted to revise it due to widespread claims…

IndustryLatest Stories

Lucknow Development Body to E-Auction 50 Plots, 2 Complexes

Representative image created by AI LUCKNOW: The Lucknow Development Authority (LDA) has announced an e-auction for at least 50 residential plots in the Basant Kunj Scheme along with two significant commercial complexes. According to LDA officials, plots of 252 square meters located in Sector-G near Gau Ghat and adjacent to the Green Corridor are being auctioned for the first time. The base price is set at Rs 32,955 per square meter, and the cumulative estimated value of these plots is around Rs 310 crore, as they are situated in a prime residential area. In addition, several high-value properties identified in…

Latest StoriesRera

Punjab RERA Stops Motiaz from Selling Flats

MOHALI: The Real Estate Regulatory Authority (RERA), Punjab, has prohibited the Chandigarh-based builder Motiaz from advertising, marketing, booking, or allotting flats in its project ‘The Royale Sector 39 Extension’ located in Mohali. RERA Punjab chairman Rakesh Kumar Goyal issued an interim order after the developer failed to appear before the Authority despite numerous notices. The project, which has been promoted widely—including as an exclusive society for judges—has not been registered with RERA, violating Section 3 of the RERA Act. According to the complainant’s attorney, Mohit Uppal, the developer had been advertising and selling units without the required registration and had…

IndustryLatest Stories

U.P. Grants 14-Year Waiver for Sunworld City Township

Representative image created by AI NOIDA: The Uttar Pradesh government has instructed the Yamuna Expressway Industrial Development Authority (YEIDA) to provide a 14-year ‘zero period’ waiver for Sunworld City’s stalled township project in Sector 22D. This decision follows revelations that approximately 20 acres allocated for the development were never acquired when YEIDA transferred the land to the developer in 2011. The state’s industrial development department, which reviewed a petition from Sunworld City Pvt Ltd, directed YEIDA to waive not just the penal interest but also the extension charges and related dues for the 20 acres from 2011 to the present.…

Latest StoriesRera

Telangana RERA Penalizes Ashritha Group for Jubilee Hills Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has ordered the Ashritha Group, located in Jubilee Hills, to register two residential flats to homebuyers, alongside imposing a ₹3 lakh penalty for breaching statutory obligations under the Real Estate (Regulation and Development) Act. This directive follows complaints lodged by two Miyapur residents, Srinivasulu Bode and C. Malleswari Nandireddy, who entered sale agreements in 2021 for two flats within ‘Jewels County,’ a residential project approved by HMDA and registered with RERA. The complainants alleged that the builder did not adhere to the terms of the agreement, issued retracted payment receipts, and…

IndustryLatest Stories

Property Tax Suspension Continues in Pune Merger Areas

PUNE: Madhuri Misal, the Minister of Urban Development, clarified on Tuesday that there has been no coercive tax collection from residents in areas merged into the Pune Municipal Corporation (PMC) territory, and this process has been temporarily halted. Misal was responding to queries from Khadakwasla MLA Bhimrao Tapkir, who expressed concerns about the proposed property tax structure. Tapkir noted that the new rates set by PMC significantly exceed the previous panchayat fees, leading to dissatisfaction among locals. Furthermore, some residents reported receiving inaccurate and inflated tax bills. Misal assured that there were no mandatory compliance measures from the administration; some…

Latest StoriesRera

Telangana RERA penalizes BhuvanTeza for unregistered sales

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of ₹6.45 lakh on BhuvanTeza Infra Projects, located in Banjara Hills, for not registering their residential project ‘Happy Homes-1’ in Shamirpet. The project was marketed and sold without the required registration under Section 3 of the Real Estate (Regulation and Development) Act, between 2020 and 2023. The complaint was lodged by Appam Kiran Kumar and three others, who were buyers in the proposed apartment scheme. The buyers argued that the project was aggressively promoted during its pre-launch phase, with promotional materials, site plans, and verbal assurances of…

InfrastructureLatest Stories

Karnataka CM Halts Land Acquisition for Aerospace Park

The Chief Minister of Karnataka, Siddaramaiah, announced on Tuesday that the government will not proceed with plans to acquire land near Bengaluru’s international airport for an aerospace park, effectively putting an end to a three-year-long protest by farmers. Farmers from several villages in Devanahalli taluk have been demonstrating against the acquisition of their agricultural lands for industrial development. After extensive discussions with farmer leaders, the CM mentioned that the government is open to purchasing land from farmers willing to sell, offering higher compensation than the market value or a greater share of developed land as trade. Officials stated that these…