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.

Latest StoriesRegulatory

Rajasthan HC Stays Govt Order on Sanganer Colony Regularisation

JAIPUR: On Wednesday, the Rajasthan High Court halted the implementation of an order from the urban development and housing (UDH) department issued on March 12, aimed at regularizing residential colonies established on land acquired by the Rajasthan Housing Board between B2 Bypass and Sanganer. This ruling came from a bench led by Justice SP Sharma and Justice Sanjeet Purohit during a public interest litigation (PIL) hearing. “We argued that the UDH’s actions to regularize these colonies were intended for the development of roads and other facilities, but the High Court has stayed the UDH order. We will follow the government’s…

InfrastructureLatest Stories

Ludhiana body demolishes four illegal colonies, buildings

Representative image created by AI LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) has intensified its crackdown on illegal colonies with a demolition operation on Wednesday. This initiative led to the removal of four unauthorized colonies and one unapproved building in the villages of Mullanpur, Manakwal, and Dhandran. The operation dismantled illegal roads and constructions in these areas. Despite receiving warnings, developers continued their unlawful activities, prompting GLADA’s special team to act without opposition. GLADA chief administrator Sandeep Kumar stated that these enforcement actions are a crucial part of a larger strategy to prevent the spread of unauthorized colonies from…

InfrastructureLatest Stories

Urban India’s Data Revolution

India is undergoing one of the most significant urban transformations globally. With almost half its population projected to reside in cities by 2050 (according to UN data), the pressing question is not whether India can establish smarter cities, but rather how swiftly and effectively it can scale them. The Smart Cities Mission, initiated in 2015, has established a foundation by re-envisioning 100 cities with technology-integrated governance, improved infrastructure, and citizen-focused designs. A decade later, the vision is coming into clearer focus. Out of the 8,067 projects approved under the Mission, 94%, amounting to ₹1.64 lakh crore, are now complete. Each…

Latest StoriesRegulatory

Karnataka HC Advocates for GIS Land Mapping in State

BENGALURU: The Karnataka High Court has mandated the state government to create a unified technological platform using Geographic Information System (GIS) to provide a single, verifiable source for all land-related information. The court’s directive requires that the platform incorporates a GIS-based foundation, serving as a comprehensive and unalterable map of land parcels throughout the state. It will utilize high-resolution satellite imagery from the Forest Survey of India (FSI) and the Indian Space Research Organisation (ISRO) to accurately demarcate and geo-tag all designated forest boundaries in accordance with historical gazette notifications. Additionally, it will monitor forest cover via remote sensing data…

IndustryLatest Stories

Lavasa Bidders Boost Offers; Valor Estates on Top in Round 3

All three bidders have boosted their financial offers for the struggling Lavasa Corp during the third round of bidding, increasing the competition for what was originally set to be India’s first hill town. Valor Estates has significantly raised its bid to ₹946 crore based on net present value (NPV), placing it in the lead among the contenders. The Welspun-Ashdan consortium has also hiked its bid to ₹845 crore from a previous offer of ₹776 crore on an NPV basis, leaving the Mumbai-based Yogayatan Group in third place with an NPV of ₹830 crore, according to sources familiar with the situation.…

Latest StoriesResidential

Mumbai: No Extra Fees for Rented Flats in Housing Societies

MUMBAI: The deputy registrar of co-operative societies has informed the Chaitanya Cooperative Housing Society in Pratiksha Nagar, Sion East, Mumbai, that it is prohibited from collecting any excess fees from members renting out their flats, except for non-occupancy charges. This ruling follows a complaint from a flat owner who alleged that the society was unlawfully charging Rs 5,000 as a building development fund. Abhijit Deshpande, deputy registrar of co-operative societies at Mhada Mumbai City, stated that it is inappropriate for the society to collect any funds under the guise of a development fund from members renting their flats. He ordered…

IndustryLatest Stories

Hyderabad to Auction 93 Plots Starting September 17

HYDERABAD: After a two-year hiatus, the Hyderabad Metropolitan Development Authority (HMDA) is resuming its land auctions, releasing 93 open plots across different city areas. The three-day e-auction is scheduled for September 17, 18, and 19, as announced by the authority on Wednesday. Among the total plots, 70 are situated in the Bachupally HMDA layout, with additional plots found in Turkayamjal (12), Kokapet (4), Poppalguda (4), Chandanagar (4), Bairagiguda (4), and Medchal Malkajgiri (7) encompassing Gandi Maisamma, Suraram, and Medipally. Officials disclosed that the highest upset price is set at ₹1.75 lakh per square yard for a large plot measuring 8,591…

Latest StoriesResidential

Tenant Verification Soars in H1 2025

Representative image created by AI PANAJI: Goa police have intensified tenant verification drives, conducting 471 inspections in the first half of 2025, a significant increase from 236 in the whole of 2024. Authorities stated that while no crimes were uncovered during these drives, they played a crucial role in preventing criminal activities and enhancing public safety. A special initiative titled ‘Know Your Neighbour’ was launched to ensure tenants and servants completed and submitted their verification forms. A senior police officer mentioned that these verification forms are filled out and forwarded to the respective native police stations for thorough checks. “Homeowners…

IndustryLatest Stories

Landmark Group to invest ₹400 crore in Dwarka Expressway project

NEW DELHI: Gurugram-based Landmark Group is set to invest approximately ₹400 crore in the development of Landmark Skyvue, located in Sector 103 along the Dwarka Expressway. This new development marks phase II of the project, which spans 11 acres. Phase I, covering three acres, was completed in 2013, while phase III is anticipated to launch in FY26, encompassing four acres. The construction for phase II is estimated at ₹400 crore, with the company negotiating with State Bank of India (SBI) for around ₹200 crore in financing. The remaining construction costs will be covered through internal funds, bank loans, and client…

CommercialLatest Stories

Gujarat RERA Seeks Govt Aid to Revive GIFT City Project

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has reached out to the state urban development department (UDD), seeking assistance in completing the long-delayed World Trade Centre (WTC) project at GIFT City, where numerous investor funds are currently tied up. Sources indicate that this call for intervention follows the arrest of the project’s promoter by the Enforcement Directorate (ED) over allegations of real estate fraud. The association of allotters has expressed that they are unable to proceed with the project. Officials have noted that the project, which began in 2014-15, was intended to feature four towers. While two have been…