Category: Latest Stories

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Latest StoriesResidential

Goa Owners Face Fines for Missing Tenant Information

PANAJI: The state government has drafted the Goa (Verification of Tenants) Rules, 2025, which will soon impose fines on property owners who fail to provide tenant information to authorities. The government is currently inviting public objections and suggestions regarding the rules before finalizing them for implementation. “All objections and suggestions regarding the draft rules can be sent to the chief secretary or home secretary within 30 days,” stated Manesh Hari Kedar, home under secretary. If a property owner or tenant fails to submit the required information or provides false information, a report will be forwarded to the sub-divisional police officer…

CommercialLatest Stories

Microchip Acquires Bengaluru Office Space for ₹176 Crore

Representative image Bengaluru: Microchip Technology, a US-based semiconductor leader, has acquired 1.72 lakh sq ft of office space in Whitefield for ₹176 crore. This is one of the largest office buyouts in the city this quarter. According to the registered sale deed from Propstack, the purchase consists of two commercial blocks located at 170-172, Phase 2, EPIP Zone, Whitefield. The seller, Ascendum Solution India, is a part of Cincinnati’s Vora Group, which is involved in IT services, business solutions, and real estate. The office space comprises two blocks measuring 92,098 sq ft and 80,395 sq ft, each featuring a basement,…

Latest StoriesRegulatory

DTCP Warns Experion Developers, RWA Over Gurugram Layout Violations

GURUGRAM: The Department of Town and Country Planning (DTCP) has served a show-cause notice to a developer and a resident welfare association (RWA) over alleged violations of the sanctioned layout plan and licensing conditions as stipulated under the Haryana Development and Regulation of Urban Areas Act, 1975. The notice, dated August 20, 2025, addresses Experion Developers Pvt Ltd (previously Gold Developers Pvt Ltd) and the Windchants Condominium RWA in Sector 112, following a complaint about irregularities within the residential project. The notice mandates that Experion Developers and the Windchants Condominium Association promptly rectify the alleged infractions and revert the project…

IndustryLatest Stories

New Building Bylaws Face Roadblocks in UP Cities

LUCKNOW: Challenges have arisen in the enforcement of the newly notified building bylaws in several cities. Key concerns raised by housing development authorities to the government include the parking requirements for hotels, the calculation of open space in layouts exceeding 300 square meters on a telescopic basis, and the potential for establishing hospitality and hotel facilities on agricultural land, among other issues. Currently, the approval process for building plans submitted by property owners has stalled in some areas. On July 3, the state government approved new building bylaws designed to be implemented by housing development authorities within regulated areas. This…

InfrastructureLatest Stories

Hydraa Reclaims ₹400 Crore Prime Land in Madhapur

Representative image created by AI HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (Hydraa) reclaimed a valuable 16,000 sq yard (approximately 3.3 acres) parcel of land worth Rs 400 crore in the city’s prestigious IT corridor on Thursday, a decade after it was reportedly encroached upon by a businessman. Located near the Hitex arch in Madhapur, this plot had been illegally occupied by a private individual who built a restaurant on it and encroached upon an adjacent road with hoardings, according to officials. During a demolition operation on Thursday, the Hydraa team dismantled part of the eatery as well…

Latest StoriesRegulatory

ED: Ex-Vasai-Virar Chief and Co-Accused Committed Major Fraud

MUMBAI: Former Vasai-Virar civic chief Anil Pawar, along with three others, has been implicated in a money laundering case involving a “deliberate” abuse of administrative authority and the financial system to facilitate an extensive fraud, according to the Enforcement Directorate (ED) in a Mumbai court on Wednesday. The ED revealed that “hawala and angadia” channels were utilized to launder illicit proceeds not just within Maharashtra but also in other states. Following this, the special court, which included two real estate developers among the accused, placed all four individuals in custody one week post-arrest. The hawala system is an informal method…

IndustryLatest Stories

NeoLiv Purchases 17.5 Acres in Mumbai Area

Representative image NEW DELHI: Realty firm NeoLiv has secured a 17.5-acre plot in the Mumbai area and is set to invest Rs 150 crore in a new housing project. On Thursday, the company announced the acquisition of land in Khopoli within the Mumbai Metropolitan Region (MMR) but did not disclose the purchase price. According to NeoLiv founder and CEO Mohit Malhotra, “We will develop approximately 180 residential plots on this land, with the total project costing Rs 150 crore.” The project will also feature villas. Malhotra mentioned that this marks the company’s third development venture. NeoLiv highlighted that the Panvel-Khalapur-Khopoli…

Latest StoriesResidential

Kerala Govt Approves ₹1,500 Crore Loan for LIFE Mission Housing

THIRUVANANTHAPURAM: On Wednesday, the state cabinet granted in-principle approval to secure a loan of ₹1,500 crore from Hudco, guaranteed by the government, through KURDFC for the LIFE Mission housing initiative. Of the total ₹1,500 crore, ₹1,100 crore will fund the construction of 127,601 houses, while ₹400 crore will be allocated for housing assistance to Scheduled Caste and Scheduled Tribe beneficiaries in gram panchayats where they make up the majority of the LIFE list. The borrowing will occur over two years, with ₹750 crore earmarked for each of the fiscal years 2025-26 and 2026-27. The loan will be repaid over 15…

Latest StoriesRegulatory

Panvel Extends Property Tax Penalty Exemption Dates for Brackets

NAVI MUMBAI: The Panvel City Municipal Corporation (PCMC) has announced an extension of the deadline for property tax fine exemptions under the 90% amnesty scheme to September 15. The 90% rebate, which started on July 18, previously ended on August 15. As a result, the 75% rebate period has been updated to run from September 16 to September 30. Currently, property tax dues exceed 47% of the budgeted amount for 2025-26. The civic body is also offering a basic 5% tax discount for those who settle their 2025-26 taxes by August 31, with additional discounts of 2% for digital payments…

Latest StoriesResidential

Varanasi Development Body Grants 82 Houses Under PMAY

Varanasi: The Varanasi Development Authority (VDA) has allocated 82 houses under the Prime Minister’s Housing scheme as of Wednesday. The allocation was carried out through a lottery held at the Girija Devi Cultural Complex in Chowkaghat. The lottery involved a transparent allocation of 82 houses in the Harhua and Kurhua villages among a total of 642 beneficiaries. The process was conducted in the presence of beneficiaries to ensure fairness and transparency. VDA Vice-Chairman Pulkit Garg, additional district magistrate (Finance/Revenue) Vandita Srivastava, secretary Ved Prakash Mishra, and District Urban Development Agency (DUDA) project officer Nidhi Vajpayee were present at the event.…