Category: Latest Stories

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IndustryLatest Stories

Mahagun Group Gets ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to enhance project execution across its portfolio. The company recently concluded ₹650 crore in debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and about ₹340 crore in interest. This new capital infusion will allow the company to accelerate construction and ensure timely delivery. Published On Apr 1, 2026 at 02:30 PM IST Join over 2 million industry professionals. Subscribe to our Newsletter for the latest insights & analysis delivered to your inbox. Access ETRealty industry updates directly on your smartphone!

Latest StoriesRegulatory

Telangana’s property tax collections reach ₹100 crore in a day

HYDERABAD: A rigorous enforcement initiative, combined with the current one-time settlement (OTS) scheme, has led to a remarkable increase in property tax collections across three municipal corporations in the core urban area of Telangana, with revenues exceeding Rs 100 crore in a single day. Prior to last week, daily collections ranged from Rs 3 crore to Rs 5 crore. However, in recent days, there has been a substantial surge, with collections reaching Rs 20 crore on Sunday, Rs 50 crore on Monday, and over Rs 100 crore on Tuesday, bringing total collections to around Rs 2,500 crore. Officials attribute this…

InfrastructureLatest Stories

HYDRAA Uncovers 8.24-Acre Lake Near Hyderabad from Encroachments

Representative AI image HYDERABAD: The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) conducted operations throughout the city on Tuesday, removing encroachments from lakes, park land, roads, and stormwater drains. In Manchirevula, Gandipet, HYDRAA cleared encroachments from the 8.24-acre Nagireddy Kunta lake. Officials noted that parts of the lake were occupied by private entities despite it being designated as a water body in revenue and HMDA records. “A real estate firm had erected a 20-foot-high tin-sheet wall around four acres, while another entity occupied about three acres. Additionally, a former public representative sold over an acre of it. Temporary structures…

InfrastructureLatest Stories

Bhubaneswar Signs Pact with Singapore Firm for City Master Plan

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has signed a partnership with the Singapore-based consultancy firm Surbana Jurong to develop a comprehensive master plan for the proposed Bhubaneswar New City. This initiative is a part of a major urban expansion project aimed at shaping the future growth of the capital. Covering nearly 800 acres across the mouzas of Gothapatna, Malipada, and Dasapur, the project aims to establish a multi-economic growth zone, aligned with the state’s long-term vision of Vikshit Odisha 2036. Officials indicated that the new city will be designed as a transit-oriented urban hub, prioritizing efficient public transport, reduced travel…

Latest StoriesResidential

Karnataka’s Tier-II Buyers Boost Duplex Apartment Demand

HUBBALLI: Duplex apartments, once regarded as a luxury exclusive to major metropolitan areas, are gaining ground in cities like Hubballi, Belagavi, and Kalaburagi. While Bengaluru has traditionally been the leader in this trend, other cities are now reshaping urban living through duplex homes. By 2026, numerous developers are committing to these constructions in response to increasing client demand. Reports indicate a steady rise in buyer interest, prompting a receptive response from the real estate sector. In capital cities, lucrative rental yields motivate this trend, whereas tier-2 cities are seeing a growing preference for duplex units primarily for personal use. Pradeep…

Latest StoriesRegulatory

Bombay HC: Nagpur Builder to Pay ₹41 Lakh for Demolition

NAGPUR: The Nagpur bench of the Bombay High Court has ordered builder N Kumar to pay ₹41.37 lakh within two weeks for the demolition of illegal structures at Poonam Chambers and Poonam Tower. A division bench, led by Justices Anil Pansare and Nivedita Mehta, issued this directive following detailed cost estimates presented by the civic authority. The estimated costs include ₹31.4 lakh for demolishing unauthorized constructions at Poonam Chambers in the cantonment and ₹9.97 lakh for Poonam Tower, located near Vidhan Bhavan. In response to petitions filed by Kumar and his firm contesting demolition notices issued by the Nagpur Municipal…

Latest StoriesResidential

Bhopal Buyers Race to Complete Registrations Before Rate Hike

BHOPAL: On March 31, registration offices at ISBT and Pari Bazaar experienced an overwhelming influx of buyers racing to complete property registrations before the new rates took effect. By late Tuesday evening, over 1,000 registrations were completed. Starting April 1, stamp duties saw steep increases of 50% or more in 104 locations, with certain areas witnessing escalations of up to 100%, 150%, and even 181%. The financial year’s final day saw registration offices bustling, despite occasional internet slowdowns. Over 1,000 documents were processed, yielding Rs 20 crore in revenue in just one day. The district exceeded its annual revenue target…

Latest StoriesRegulatory

Delhi extends property tax amnesty deadline to April 30

NEW DELHI: The Municipal Corporation of Delhi has extended the deadline for the Property Tax Amnesty Scheme 2025-26 to April 30, as announced by the Delhi Mayor on Tuesday. Mayor Raja Iqbal Singh stated that the extension was granted due to the positive response from the public, allowing more taxpayers to resolve their outstanding dues under the Sumpattikar Niptaan Yojana (SUNIYO) scheme. He encouraged property owners and occupiers to take advantage of this “golden opportunity” to settle their liabilities without incurring interest or penalties. The mayor confirmed that the scheme will not be extended beyond April 30. Under SUNIYO, taxpayers…

IndustryLatest Stories

Haryana Updates Collector Rates with Data-Driven Approach

CHANDIGARH: The Haryana government has updated the collector rates throughout the state using a transparent, data-driven approach that reflects current market values, according to an official spokesperson on Tuesday. The revision is based on an analysis of the top 50% of property registrations in each segment where transaction values exceeded existing collector rates, ensuring alignment with market trends. No increases have been made in segments where transaction values rose by up to 20% above the current rates. For other segments, rate adjustments have been applied in increments as follows: 15% for a 20-35% variation, 25% for 35-70%, 30% for 70-100%,…

Latest StoriesResidential

Mumbai Property Registration Jumps 3% in March 2026

NEW DELHI: Property registrations in the Mumbai region rose by 3% in March, totaling 15,983 units—the highest figure recorded in the past 14 years, according to Knight Frank. This marks an increase from last year’s March, which saw 15,510 registrations. In a statement released on Tuesday, Knight Frank reported that the city of Mumbai (within BMC jurisdiction) recorded these transactions, which include both primary and secondary market sales. “This is the highest monthly registration volume for March in 14 years, exceeding the previous peak observed in March 2025, emphasizing the strength and resilience of the city’s residential market,” the report…