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

EFC India to List on NSE August 20

NEW DELHI: EFC (I), a comprehensive office infrastructure and design services firm currently listed on BSE, is set to debut on the National Stock Exchange (NSE) on August 20. This listing is anticipated to enhance liquidity, strengthen investor confidence, and increase brand visibility. The company added 3,377 seats in the April-June quarter, bringing the total to 63,389, a remarkable 34.72% increase compared to the 47,051 seats during the same period last year. EFC’s net profit surged by 196% year-on-year to ₹46.7 crore in Q1 FY26, up from ₹15.8 crore last year. Operating income has nearly doubled, growing by 115% to…

IndustryLatest Stories

Cameron McIntyre Named New CEO of REA Group

NEW DELHI: The REA Group’s Board has appointed Cameron McIntyre as the new chief executive officer (CEO), effective November 3, 2025. McIntyre will take over from Owen Wilson, who announced his retirement from full-time executive roles earlier this year in February. Before joining REA Group, McIntyre served as managing director and CEO at CAR Group for nine years. Wilson has been with REA for nearly 11 years, including over six as CEO. He will remain in his position until October 31, 2025, ensuring a seamless transition, after which he will become chair of REA India. Published On Aug 19, 2025…

IndustryLatest Stories

Uttar Pradesh Creates Panel to Resolve Land Issues for Industry

Representative image created by AI NOIDA: The Uttar Pradesh government has established a high-level committee to devise a strategy for the effective utilization of land designated for industrial and urban development under the jurisdictions of Noida, Greater Noida, and the Yamuna Expressway Authority. This decision comes after a presentation by the state’s industrial promotion agency, Invest UP, which highlighted significant discrepancies between land that has been notified, those included in master plans, and what has actually been acquired for development. According to the findings, over four lakh hectares have been earmarked for industrial and urban growth in the area. However,…

InfrastructureLatest Stories

Nagpur’s New Plan in Progress; 90% of Old Plan Unused After 25 Years

NAGPUR: After a 25-year stretch, Nagpur is finally moving towards creating a new, comprehensive Development Plan (DP). Following its announcement on June 13, the civic body has collected 43 suggestions from residents before the August 13 deadline, with many calling for the removal of long-standing reservations blocking property development. “Notably, most requests come from landowners within the Nagpur Improvement Trust (NIT) in seven street schemes where plots have been inactive since the last DP in 2000,” reported a senior NMC official. The revised DP, required under the Maharashtra Regional and Town Planning (MRTP) Act, 1966, must be completed within six…

Latest StoriesRegulatory

Rajasthan HC Demands Plans for Jaipur’s Walled City

JAIPUR: On Monday, a division bench of the Rajasthan High Court requested a comprehensive report from the state government regarding the development plans and actions taken for the Walled City. During the hearing, set for September 17, Justices Sanjeev Prakash Sharma and Sanjit Purohit emphasized that the inquiry would encompass not only commercial activities in the residential areas of Haldiyon ke Rasta and beyond but also the overall development and issues of the entire walled city. “This approach aims to address problems such as waterlogging on roads, parking dilemmas, and traffic congestion within the walled area,” stated the bench. Published…

IndustryLatest Stories

Telangana Launches e-Aadhaar Property Registration Pilot

HYDERABAD: The Registration and Stamps Department is set to launch e-Aadhaar-based property registration, aimed at expediting services, announced Revenue Minister Ponguleti Srinivas Reddy on Monday. The pilot project will be implemented at the sub-registrar offices (SROs) in Armoor and Kusumanchi. The minister highlighted various ongoing reforms, including a slot booking system for registrations that has proven popular. “In just the last two to three months, over 300,000 slots have been reserved across sub-registrar offices throughout the state,” he noted. The government also plans to establish integrated sub-registrar offices across Telangana. A new complex will soon be constructed in Gachibowli, where…

Latest StoriesResidential

Chandigarh: CHB to Survey Demand for Sector 54 Housing

CHANDIGARH: The Chandigarh Housing Board (CHB) is set to initiate a survey to assess the demand for its planned housing project in Sector 54. A senior official from UT stated, “In a few days, we will determine the provisional pricing for various categories of apartments. Following this, a demand survey will be conducted. The response will guide the final project plan, including the distribution of flats across different categories.” To estimate housing prices, CHB will consider land costs, aligned with collector rates, alongside construction expenses for each unit. Additionally, the project will allocate 15% of units for economically weaker section…

Latest StoriesResidential

Telangana CM to Handover Keys to Indiramma Beneficiaries Aug 21

HYDERABAD: Chief Minister A Revanth Reddy will officiate the key handover ceremony for Indiramma houses on August 21 (Thursday) at Bendalampadu village in Chandrugonda mandal, Bhadradri Kothagudem district. Housing Minister Ponguleti Srinivas Reddy hailed the event as historic, indicating that the CM will not only hand over keys but also perform the housewarming rituals for 27 houses in the village. Out of the 312 houses sanctioned in Bendalampadu, 72 have already been completed. Ponguleti conducted a review meeting on Monday concerning the preparations for the housewarming ceremonies, attended by CM Revanth. He alleged that the previous BRS government denied homes…

IndustryLatest Stories

Credai Urges West Bengal Gov to Tackle Flat Cost Puzzle

KOLKATA: The largest association of developers in the state has contacted Chief Secretary Manoj Pant regarding a recent amendment to the query requisition form used for assessing stamp duty and registration fees by the Directorate of Registration and Stamp Revenue. The amendment now requires the inclusion of the super built-up area (SBUA) alongside the built-up area (BUA), carpet area, and the total number of floors in the form. Authorities are now insisting that SBUA information be included in both the agreement for sale (AFS) and the conveyance deed. According to Credai West Bengal, this change has complicated the registration of…

CommercialLatest Stories

MPIDC Develops Revenue Model for IT Park 4 Offices, Indore

INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is crafting a revenue model aimed at providing office spaces to tech companies in the forthcoming IT Park 4, located in the Pardeshipura area, prior to launching the allotment process. The MPIDC’s regional office in Indore has proposed a plan to its head office for office space distribution across various floors of the under-construction IT Park 4. This proposal is based on input from tech firms and startups keen on occupying the new park, with interests reportedly coming from companies in Bangalore, Maharashtra, and Delhi. “To ensure full occupancy in IT Park…