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.

IndustryLatest Stories

Lucknow Eases Housing Map Rules, Approves New Building Bylaws

LUCKNOW: Approval is now granted for maps of single residential buildings on government roads less than 9 meters wide. This decision was made during the 185th meeting of the Lucknow Development Authority (LDA) held on Tuesday. Chaired by LDA chairperson and divisional commissioner Roshan Jacob, the meeting saw the endorsement of various urban development initiatives, including high-tech housing projects across four city locations, a modern bus terminal at Charbagh, new electric vehicle infrastructure at Basant Kunj, and land acquisition for the upcoming housing scheme Naimishnagar near BKT and Varun Vihar by Mohan Road. The board meeting approved construction for single…

Latest StoriesResidential

DDA Starts Rent Payments for Signature View Residents

NEW DELHI: The Delhi Development Authority (DDA) is preparing to initiate rent payments for residents of Signature View Apartments, many of whom have left their units after they were deemed structurally unsafe. Amrendra Singh Rakesh, president of the apartment’s Resident Welfare Association (RWA), stated on Tuesday: “We have received the rent agreement set to be signed between the flat owners and the DDA. The authority will provide rent payments from January to July this year, and continue until demolition and reconstruction are completed.” In a prior high-level meeting led by Lt Governor VK Saxena, the DDA confirmed that rent assistance…

Latest StoriesRera

Haryana RERA Issues Notice to Ramprastha Developers

GURUGRAM: The Real Estate Regulatory Authority (HRera) has issued a show-cause notice to Ramprastha Promoters & Developers Pvt Ltd, demanding compliance with pending orders or face civil imprisonment. This action follows the recent arrest of the company’s directors, Arvind Walia and Sandeep Yadav, by the Enforcement Directorate (ED) in connection with a ₹1,100-crore money laundering case involving over 2,000 defrauded homebuyers. The notice states: “Show cause as to why you, being promoters, should not be detained in civil prison under Section 40(1) of the Real Estate (Regulation and Development) Act, 2016, for a term not exceeding three months for failing…

IndustryLatest Stories

CCI approves Dalmia Bharat’s bid for Jaiprakash Associates

Representative image created by AI NEW DELHI: The Competition Commission of India (CCI) has granted approval for Dalmia Bharat’s acquisition of Jaiprakash Associates Ltd (JAL), which is undergoing the insolvency resolution process. As stipulated by the Insolvency and Bankruptcy Code (IBC), approval from the competition authority is essential for submitting a resolution plan to participate in the bidding process. Other interested candidates in acquiring the financially troubled JAL, which spans various sectors including cement, real estate, hospitality, and fertilizer, include Adani Enterprises, Vedanta Group, Jindal Power, and PNC Infratech, all of whom have sought CCI approval for their respective plans.…

IndustryLatest Stories

Prestige Estates Q1 FY26 Net Profit Up 1.47%

NEW DELHI: Prestige Estates Projects has reported a 1.47% increase in its net consolidated profit for the quarter ending June 30, 2025, with a profit after tax of ₹311.50 crore for Q1 FY26, compared to ₹307 crore in the same quarter last year, as per the company’s filing with BSE. The net consolidated total income for Q1 FY26 reached ₹2,468.70 crore, marking a 21.94% rise from ₹2,024.50 crore during the equivalent period in the previous fiscal year. In April 2025, Prestige Hospitality Ventures (PHVL), a fully-owned subsidiary of Prestige Estates, submitted a draft red herring prospectus (DRHP) to the Securities…

Latest StoriesResidential

Minister hands land documents to 120 Ernakulam families

KOCHI: M B Rajesh, the local self-government minister, emphasized that self-governing bodies should initiate projects that fulfill the aspirations of families. His remarks came during the inauguration of land document distribution for 120 landless families, part of the Ernakulam district panchayat’s annual plan for 2025-26 under the LIFE project, held on Monday. The various initiatives implemented by the district panchayat are greatly beneficial to the community. The decision to procure land for the landless is a promising step. The minister also noted that this initiative would reinforce the LIFE project. During the event, outgoing district collector NSK Umesh, who is…

Housing FinanceLatest Stories

Ummeed Housing Raises ₹250 Crore from BII for Affordable Homes

NEW DELHI: Ummeed Housing Finance Pvt Ltd (UHFPL), based in Gurugram, announced on Tuesday that it has raised Rs 250 crore in funding from British International Investment (BII), the UK’s government development finance institution. This investment aims to enhance Ummeed’s capacity to offer affordable, long-term housing finance to low-income groups across India. The funds will primarily be used for mortgage-backed loans, targeting underserved borrowers and promoting property ownership and financial inclusion. In line with its mission for inclusive growth, Ummeed stated that these loans will facilitate homeownership among beneficiaries. This new capital injection is expected to assist up to 3,000…

IndustryLatest Stories

K Raheja Corp Acquires 7.4 Acres in Pune for ₹200 Crore

Representative image created by AI Realty developer K Raheja Corp’s subsidiary, KRC Queens, has purchased a significant 7.43-acre land parcel in Pune’s Mahalunge locality from Mahalunge Real Estate Developers for approximately ₹200 crore. The acquisition holds the potential for 1.7 million sq ft of built-up area, marking it as one of the largest land purchases in Pune’s western corridor in recent months. The Mumbai-based company has also paid a stamp duty of ₹13.67 crore for the registration of the deal, which was finalized on July 21, as per documents sourced through CRE Matrix, a real estate data analytics platform. Located…

Latest StoriesRegulatory

SC Revokes DHFL Promoter’s Bail, Orders Surrender in 2 Weeks

NEW DELHI: The Supreme Court on Tuesday revoked the bail previously granted to former DHFL promoter Dheeraj Wadhawan in connection with a substantial bank loan scam. A bench comprising Justices Sanjay Kumar and Satish Chandra Sharma issued the order after reviewing a medical board’s report and instructed Wadhawan to surrender within two weeks. The Delhi High Court had granted him bail on September 9, 2024, citing medical reasons, stating that Wadhawan fit the definition of a “sick person”. This ruling followed an appeal by the CBI against the high court’s decision. Additional Solicitor General S V Raju, representing the agency,…

IndustryLatest Stories

Ashiana Housing Allocates ₹425 Crore for FY26 Plans

NEW DELHI: Ashiana Housing is set to allocate ₹425 crore for senior living initiatives during FY26. This budget will cover landowner payouts, construction, execution costs, and other project expenses. A substantial part of this budget is targeted at expanding their senior living offerings, with plans to enter the Mumbai, Bengaluru, and Delhi-NCR markets. In FY25, the company invested ₹213 crore in senior living and recorded a booking value of ₹382 crore. “This year, we aim to launch five new phases in our existing senior living projects, which will encompass roughly 5.71 lakh sq ft of saleable area,” stated Ankur Gupta,…