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

Gurugram’s Sushant Lok-1 Buildings Sealed for Zoning Violations

GURUGRAM: A major enforcement operation took place in the upscale Sushant Lok 1 township over the weekend in response to evident breaches of residential zoning regulations. Violations included the use of crèche plots for schools and dance training facilities, as well as a girls’ hostel in a residential area. Consequently, the Department of Town and Country Planning (DTCP) sealed three crucial locations. The operation was conducted in collaboration with local authorities and personnel from Sector 29 police and the Sushant Lok police post. In the first instance, six rooms in a plot intended for crèche use in C-2 Block were…

IndustryLatest Stories

Prayagraj civic body to update building ‘khasra’ after 23 years

PRAYAGRAJ: If you’re a homeowner in the city and your ‘Khasra’ (land record) hasn’t been created, there’s no need to be concerned. The Prayagraj Municipal Corporation plans to initiate the preparation of a new ‘Khasra’ for both new and existing buildings soon. The process is expected to begin within six months; the last update was made around 23 years ago. The absence of a new Khasra has led to significant discrepancies in house tax. To address these issues and boost the municipal income, a comprehensive new Khasra for building properties will be established. An agency will first conduct a door-to-door…

IndustryLatest Stories

Kolte-Patil Developers reports ₹16.88 crore net loss in Q1 FY26

NEW DELHI: Kolte-Patil Developers has reported a net consolidated loss after tax of ₹16.88 crore for the quarter ending June 30, 2025. This reflects a downturn from the profit after tax of ₹6.37 crore recorded in the same quarter of the previous fiscal year, according to a filing with the BSE. The company’s net consolidated income for Q1 FY26 was ₹96.81 crore, a significant drop of 72.37% compared to the ₹350.39 crore reported in the same period last year. As of June 30, 2025, the company’s net worth was ₹1,233.65 crore. Its current liability ratio stood at 0.99, while the…

IndustryLatest Stories

Brigade Group to Co-Develop Two Housing Projects in Hyderabad

NEW DELHI: Brigade Group has entered into joint development agreements (JDAs) for new residential projects in Moti Nagar, Hyderabad—Brigade Citadel 2 and Citadel 3. “This expansion is a strategic move towards our sustainable and scalable growth in Hyderabad, a crucial market for us in South India. We will actively seek land parcels that align with our growth ambitions, design vision, and quality standards,” stated Amar Mysore, Executive Director of Brigade Enterprises. Together, these projects cover a total development area of around one million square feet, with expected revenue surpassing ₹970 crore. The developments will be set across 10 acres of…

IndustryLatest Stories

Sri Lotus Realty secures ₹237 crore from anchor investors

NEW DELHI: Sri Lotus Developers and Realty has raised ₹237 crore from anchor investors prior to its initial public offering (IPO) set to open for public subscription on Wednesday, July 30, 2025. The company announced that on July 29, 2025, it allocated 15,799,999 equity shares at ₹150 each to these investors. Prominent institutions among the anchor investors include Tata Mutual Fund, Mahindra Manulife Mutual Fund, Nippon Mutual Fund, Samsung India Mid & Small Focus Securities Master Investment Trust, Nuvama Asset Management, HSBC Mutual Fund, SBI Mutual Fund, Citigroup Global Markets Mauritius, Nomura Singapore, and Future Generali India Life Insurance Co.…

CommercialLatest Stories

Incuspaze Leases 300,000 Sq Ft Office Space in Jaipur

NEW DELHI: Incuspaze, a provider of flexible office spaces, has acquired 300,000 sq ft across three properties: The Edge on Tonk Road, Sitapura Campus in Sitapur, and GT Landmark in Malviya Nagar, Jaipur. Sanjay Chatrath, co-founder and managing partner of Incuspaze, stated, “With India experiencing a rise in Global Capability Centre (GCC) activities beyond major metros, cities like Jaipur are crucial for the next phase of enterprise decentralization and digital transformation.” As part of its 2024 growth plan, the company has entered major metros such as Bengaluru, Chennai, Mumbai, and Pune, while expanding in Delhi NCR and Lucknow, aiming to…

InfrastructureLatest Stories

Tenders Open for Phase 1 of Vijayawada Metro

Representative image created by AI VIJAYAWADA: The Andhra Pradesh Metro Rail Corporation Limited (APMRCL) has issued e-tenders for the Phase 1 construction of the Vijayawada metro project, which stretches across 38.4 km and includes a 4.33 km double-decker four-lane flyover. The estimated cost of the project is ₹4,150 crore. The scope of the contract encompasses the engineering, design, and construction of a viaduct totaling 38.40 km (including 4.33 km of double-decker four-lane flyover-cum-metro viaduct) along with one underground metro station and 32 elevated metro stations across the proposed two corridors. The tender documents will be available for download from the…

CommercialLatest Stories

Spring House Workspaces Opens 28,000 sq ft in Saket, Delhi

NEW DELHI: Spring House Workspaces, a provider of managed office spaces, has unveiled its latest center, covering over 28,000 sq ft at Southern Park Mall in Saket, New Delhi. This facility can accommodate around 450 individuals, featuring 300 desks and 33 private cabins, tailor-made for startups, remote teams, consultants, and expanding businesses. “We invested between ₹800 and ₹2,500 per sq ft for this center, depending on the level of interior work required—from renovations to complete bare-shell fitouts,” stated Mukul Pasricha, founder & CEO of the company. The average price per seat in the Delhi market is approximately ₹12,000 plus taxes,…

InfrastructureLatest Stories

Vadodara Enforces Strict Rules Against Debris Dumping in Water Bodies

Representative image created by AI VADODARA: The Vadodara Municipal Corporation (VMC) has issued a stern warning against the dumping of construction waste in the Vishwamitri river and other water bodies. This issue was highlighted during a meeting between civic officials and an expert committee appointed by the State Human Rights Commission (SHRC). The committee, which comprises activists and experts, frequently collaborates with civic officials and other departments regarding the Vishwamitri project. So far, they have published two reports, including a supplementary one, with another expected soon. On Monday, the committee raised concerns about illegal waste dumping in the river. VMC…

IndustryLatest Stories

Andhra Pradesh extends LRS guidelines cut-off to June 30

VIJAYAWADA: The state government has instructed municipal commissioners and urban development authority vice-chairpersons to address all outstanding applications under the Layout Regularisation Scheme (LRS). In light of the cabinet’s recent endorsement of the proposal, the municipal administration department has disseminated comprehensive guidelines for the implementation of the LRS regulations. This initiative is expected to benefit plot owners in unauthorized layouts covering approximately 18,000 acres statewide. As per reports, the Director of Town and Country Planning (DTCP) provided the state government with data indicating that around 14,535 unauthorized layouts, spanning nearly 78,452 acres, were recorded in the UCIMS app by Urban…