Category: Latest Stories

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Latest StoriesResidential

Minister Unveils Dedicated Township for Ambedkar Layout in Mysuru

MYSURU: On Sunday, Social Welfare Minister and Mysuru District Minister HC Mahadevappa announced plans to allocate 20 acres for a new township dedicated to the residents of Ambedkar Layout in Ashokapuram, aimed at resolving their housing difficulties. While speaking at the BR Ambedkar birth anniversary celebration at Ambedkar Bhavan on Ashokapuram’s 13th Cross, he pointed out the challenges faced by the working-class population due to increasing demographic pressures. The minister confirmed that discussions are ongoing with the tahsildar and Mysuru Development Authority (MDA) officials to identify suitable land options either within or on the city’s periphery. He underscored Chief Minister…

Latest StoriesRegulatory

Nagpur Tax Defaulters: Just 106 of 460,000 Properties Targeted

NAGPUR: The Nagpur Municipal Corporation (NMC) has commenced property auction proceedings against only 106 defaulters, which represents a negligible 0.002% of the 460,000 property owners who failed to pay their taxes during the 2024-25 fiscal year. Despite property tax arrears amounting to an alarming ₹938.7 crore, excluding penal interest, the NMC’s enforcement actions appear insufficient. Although the civic body has begun auctioning properties to recoup long-overdue payments, the scale of these actions is too minimal to significantly reduce the arrears or deter further tax non-compliance. According to data, the NMC issued 13,224 recovery warrants aimed at collecting ₹126.35 crore. Of…

Latest StoriesResidential

No Haryana family will be homeless, says CM

File Photo CHANDIGARH – Chief Minister Nayab Singh Saini declared on Monday that no impoverished family in Haryana would be left without shelter. He presented ownership certificates under the Mukhyamantri Shehri Awas Yojana and plot allotment letters under the Mukhyamantri Gramin Awas Yojana 2.0 to numerous beneficiaries. During a state-level event in Panchkula, Saini reiterated the government’s commitment to ensuring that every disadvantaged family in Haryana has a home, emphasizing the dedication to inclusive development. He announced that 1,144 beneficiaries in Sector-23, Jagadhri received ownership certificates under the Mukhyamantri Shehri Awas Yojana. Additionally, 3,884 rural beneficiaries across 58 villages received…

Latest StoriesResidential

Aamir Khan Rents Four Apartments in Mumbai’s Pali Hill

Bollywood superstar Aamir Khan has signed a rental contract for four luxury apartments across two floors in a residential tower located in Mumbai’s upscale Pali Hill neighborhood. The agreements amount to a monthly rent of ₹24.5 lakh, with a total security deposit of ₹1.47 crore. The leave-and-license contracts were registered on May 20, 2025, with a five-year tenure from May 15, 2025, to May 14, 2030, and a lock-in period of 45 months for both parties. Each agreement will see an annual rent increase of 5%. According to documents obtained via Zapkey.com, each of the two floors commands a rent…

IndustryLatest Stories

Mindspace REIT Q1 FY26 NOI Rises 24.2%

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) reported a year-on-year increase of 24.2% in net operating income (NOI) for Q1 FY26, amounting to ₹616 crore for the quarter ending June 30, 2025. The loan-to-value (LTV) ratio was about 25%. The company issued commercial papers worth ₹800 crore at an effective monthly rate of 6.46% and raised ₹600 crore through a five-year non-convertible debenture (NCD) at an effective monthly rate of 7.15%. Additionally, the cost of debt decreased by 29 basis points on a sequential basis, reaching 7.84% per annum. The board of K Raheja Corp Investment Managers, which manages…

IndustryLatest Stories

Karnataka Allottees Await Sale Deeds from Industrial Board

Representative image created by AI BENGALURU: Prolonged delays and disputes in the issuance of sale deeds by the Karnataka Industrial Areas Development Board (KIADB) are severely impacting entrepreneurs. Many have reported being stuck despite having fully paid for their plots years ago. According to interviews conducted by TOI, numerous allottees find their industrial aspirations hindered due to land embroiled in legal disputes or pending sale deeds caused by bureaucratic obstructions. A 72-year-old resident of Isro Layout, who applied for a plot in Harohalli III Phase in 2004, mentioned that he was only called for an interview in 2016. After investing…

IndustryLatest Stories

CSMC Expects Revenue Boost from Property Amnesty in Chhatrapati Sambhajinagar

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) anticipates a significant revenue increase this financial year due to the expansion of its property tax amnesty scheme. Initially limited to residential properties, the scheme has now been extended to include commercial and industrial properties as well. Under the updated scheme, named Freedom from Penalty, residential property owners can benefit from a 95% discount on late fees if they settle their dues in full by August 15. Those making payments between August 16 and September 15 will be eligible for a 75% discount. The Municipal Commissioner, G Shreekanth, implemented this scheme using…

IndustryLatest Stories

DLF’s Q1 FY26 Net Profit Jumps 18.3%

NEW DELHI: DLF has announced an 18.30% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹762.67 crore in Q1 FY26, compared to ₹644.67 crore during the same period last year, according to a filing with the BSE. The company recorded a net consolidated total income of ₹2,980.88 crore in Q1 FY26, marking a remarkable 72.32% rise from ₹1,729.82 crore in the previous year’s corresponding quarter. Sales bookings for the first quarter stood at ₹11,425 crore, showcasing a year-on-year growth of 78%. The net cash position improved to ₹7,980 crore by…

InfrastructureLatest Stories

Flat Owners Urge Kerala Govt to Establish Sewage Treatment Plants

Representative image created by AI KOCHI: The Consortium of Flats and Villas Owners Association, Kerala (COFVOAK), is urging the state government to intervene as many apartment complexes in Kochi have failed to meet the pollution control board’s (PCB) deadline for installing sewage treatment plants (STPs). Currently, only 10% of the city’s STP capacity is being utilized. Recently, the PCB issued notices to 71 apartment complexes, mandating the construction of their own STPs. However, most of these complexes could not comply due to insufficient space. Additionally, the Kerala State Electricity Board (KSEB) has warned that power will be cut if these…

InfrastructureLatest Stories

Centre Seeks Nod for Drone Mapping in 353 Karnataka Villages

Representative image created by AI BEGNALURU: The state government is making significant strides to expedite property surveys through the Centre’s SVAMITVA scheme, seeking approval from the Union Ministry of Civil Aviation (MoCA) to operate drones over 353 red zone villages. These villages are close to sensitive locations such as airports, military bases, and other high-security areas, requiring prior clearance for drone operations. This initiative is part of a broader plan to complete aerial surveys in all 30,715 villages by March 2026, aiming to establish legal ownership records and address rural land disputes. Union Panchayat Raj Minister SP Singh Baghel recently…