Category: Latest Stories

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CommercialLatest Stories

Eaton Technologies Secures 1.5 Lakh Sq Ft Lease in Pune

Representative image Eaton Technologies, the Indian subsidiary of global intelligent power management firm Eaton Corporation, has secured over 150,000 sq ft of office space in an IT park located in Pune’s Baner area through a 10-year long-term lease. The transaction is expected to incur an estimated rental expense exceeding Rs 250 crore for the duration of the lease, with an option to lease an additional 47,000 sq ft in the same complex. The company is set to establish its Global Capability Center (GCC) at this location. This deal aligns with the increasing trend of multinational corporations committing to large office…

IndustryLatest Stories

Andaman to Soon Enforce Apartment Ownership Regulations: Official

Sure! Here’s a revised version of the content: PORT BLAIR: Residents of the Andaman and Nicobar Islands now have the opportunity to register their apartments, as the administration prepares to finalize the apartment ownership regulation, an official reported on Monday. A senior official stated to PTI, “The Andaman and Nicobar Island Apartment Ownership Regulation, 2025, is designed to enable individual registration of flats and apartments for the benefit of local residents.” The administration has developed the draft regulation in collaboration with the relevant departments. “This initiative aims to standardize and simplify the apartment ownership and registration processes in the Union…

CommercialLatest Stories

Thiruvananthapuram: Technopark seeks EOI for QUAD’s 2nd building

THIRUVANANTHAPURAM: Technopark has announced a call for expressions of interest (EOI) from eligible IT co-developers for the construction and management of the second IT building within its integrated IT micro-township project, QUAD, located at the Technopark Phase IV (Technocity) campus in Pallippuram. This initiative aims to merge IT innovation with commercial vibrancy and sustainable design, creating a live-work-play environment where IT professionals can access shopping and residential facilities. The initial IT building under the QUAD project is currently undergoing bid evaluation. The total area designated for the QUAD project spans approximately 30 acres, divided into four parcels. The second IT…

CommercialLatest Stories

Awfis Space Solutions Q1 FY26 Net Profit Hits ₹8.94 Crore

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, announced a standalone net profit after tax of ₹8.94 crore for the quarter ending June 30, 2025. The company’s standalone total income reached ₹351.54 crore in Q1 FY26, as disclosed in a BSE filing. Amit Ramani, chairman and managing director, stated, “We are delighted to report a robust start to FY26, with revenue at ₹335 crore, marking a 30% year-on-year increase. Our Operating EBITDA margin widened by 710 basis points to 37.8%, fueled by strong revenue growth, deeper enterprise penetration, expanding allied services, and a persistent focus on operational…

IndustryLatest Stories

RIICO Offers Affordable Undeveloped Land to Attract Investors in Rajasthan

Representative image JAIPUR: Investors can now acquire undeveloped and semi-developed industrial land at reduced costs. In a recent directive, RIICO announced that the pricing will be based on the basic land cost (DLC), along with development and administrative fees. This shift away from transparent auctions aims to draw investors to remote industrial regions where demand is low and land remains unused. However, the directive applies universally to all industrial zones, including urban locations. According to RIICO’s July 15 order, the government intends to offer more affordable land to industries, with undeveloped and semi-developed land serving this purpose. Industries Minister Rajyavardhan…

CommercialLatest Stories

ZS Leases 50,000 Sq Ft Office Space in Hyderabad

Representative image NEW DELHI: ZS, a global management consulting and technology firm, announced the opening of a new office in Hyderabad on Monday. This expansion aims to enhance its service capabilities for healthcare and life sciences Global Capability Centres (GCCs) in India. The new facility, spanning 50,000 sq ft at Raheja IT Park in HITEC City, is expected to accommodate around 550-600 employees, as stated by the company. According to ZS, the new office is part of its strategy to boost innovation and service capabilities for healthcare and life sciences GCCs in India, allowing the company to provide tailored, high-impact…

Latest StoriesResidential

Thanal Housing Project for Vikalanga Colony Gains Approval

THIRUVANANTHAPURAM: After months of uncertainty, the construction of a housing complex for residents of Vikalanga Colony under the Thanal housing project is set to begin soon, following the technical sanction from the local self-government department (LSGD) last week. The approval comes as a relief to 99 families, including various individuals with disabilities, who have faced poor living conditions since construction stalled due to pending permits. The Uralungal Labour Contract Co-operative Society (ULCCS), which secured a Rs 20 crore contract, was previously unable to initiate work because of outdated cost estimates based on the 2018 Delhi Schedule of Rates (DSR). The…

Latest StoriesRegulatory

Goa CAG: Welfare Gaps for Construction Workers, Safety Laxity

Representative image PANAJI: A performance audit conducted by the Comptroller and Auditor General (CAG) of India has revealed significant shortcomings in the implementation of welfare measures for building and other construction (BOC) workers in Goa. Key issues identified include the non-registration of migrant laborers, inadequate data sharing among agencies, and insufficient inspections to ensure workplace safety. The audit specifically looked into the operations of the Goa Building and Other Construction Workers Welfare Board, in accordance with the Supreme Court’s directives from July 2018. These directives mandated that states implement a model scheme for BOC workers and strengthen enforcement efforts. The…

Latest StoriesResidential

Karimadom Colony Rehab Project Approved

THIRUVANANTHAPURAM: After nearly two decades of uncertainty, residents of Karimadom Colony are beginning to see hope. The Basic Services for the Urban Poor (BSUP) rehabilitation project, which was initiated in 2008 but came to a halt in 2023, has now received technical sanction. Costs, designs, and timelines have been finalized, following ongoing criticism of civic indifference and politically motivated delays. The local self-government department has formally approved the plan, which aims to provide homes for all 105 families affected. “The project is officially sanctioned, and Costford, the designated agency, will oversee construction,” stated Jahamgeer S, the corporation’s secretary. “Construction will…

InfrastructureLatest Stories

Pimpri Chinchwad’s month-long drive knocks down 187 illegal buildings

Representative image PUNE: Since July 9, the Pimpri Chinchwad Municipal Corporation (PCMC) has demolished 187 unauthorized structures, totaling 3.35 lakh sq ft, as part of its ongoing anti-encroachment initiative across the city. This includes 98 RCC buildings, 69 tin sheds, and 20 kiosks, according to a senior official from the anti-encroachment department. The civic body’s special operation has primarily targeted under-construction sites to prevent illegal structures from emerging. A senior PCMC official stated, “Initially, we focused on under-construction sites to stop illegal buildings from being built. However, the drive has since been broadened to include unauthorized kiosks on footpaths and…