Category: Latest Stories

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CommercialLatest Stories

Large Office Deals Make Up 59% of H1 2026 Leasing: Report

Representative AI image NEW DELHI: In H1 2026, large office transactions (1 lakh sq ft and above) amounted to 28.2 million sq ft across India’s eight major cities, as reported by Knight Frank India. These sizable deals constituted 59% of a total leasing volume of 48 million sq ft during the same period. Bengaluru led the way with 10.1 million sq ft in large office deals, representing 72% of the city’s total leasing activity. Hyderabad and NCR followed closely, each recording 4.9 million sq ft in large office leases, accounting for 65% and 68% of their respective total leasing volumes.…

Latest StoriesRera

Govt Begins Process to Fill Odisha RERA Bench Vacancy

BHUBANESWAR: The Odisha government has begun the process of appointing a new member (administration) for the Odisha Real Estate Regulatory Authority (ORERA). This comes more than two months after the position became vacant due to the premature departure of the previous member, who had been in office for only about a year. This development is especially significant for ORERA, as the chairperson’s position in the Odisha Real Estate Appellate Tribunal (OREAT) has also been vacant since May. Stakeholders are concerned that prolonged vacancies in these critical roles could hinder the resolution of disputes among homebuyers, developers, and real estate projects.…

InfrastructureLatest Stories

Gurugram’s Planned Development a Top Priority for Haryana CM

File Photo GURUGRAM: Haryana Chief Minister Nayab Singh Saini emphasized that cleanliness, beautification, and planned urban development in Gurugram are top priorities for the state government. During a meeting in Gurugram, he instructed officials from all construction agencies and relevant departments to ensure that Construction and Demolition waste is disposed of at designated sites, adhering to scientific standards. A total of 15 grievances were reviewed in the meeting, with 13 resolved immediately. Directions were given to hold off on two cases until the next meeting, with Saini asking for status reports on these pending matters. Highlighting the importance of addressing…

InfrastructureLatest Stories

PMRDA’s Major TP Schemes Transfer to Pune Civic Body

Representative AI image PUNE: The Mhalunge-Maan Town Planning (TP) scheme, presented as a model for planned urbanization at the 2018 Magnetic Maharashtra investment summit, is now set to be executed by the Pune Municipal Corporation (PMC). The Pune Metropolitan Region Development Authority (PMRDA) is transferring project documents to the PMC following the integration of the villages into PMC jurisdiction. This handover represents a major shift for five TP schemes that PMRDA has spent nearly eight years planning, securing approvals for, and preparing for execution. Numerous landowners are still awaiting the promised roads, public amenities, and infrastructure under the innovative land-pooling…

Latest StoriesRera

Uttar Pradesh RERA Registers 143 Projects Worth ₹31,952 Crore

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) recorded 143 new real estate projects in the first half of 2026, encompassing a total of 46,049 housing units with an estimated capital investment of ₹31,952 crore. The number of new project registrations increased from 134 during the same period in 2025, with proposed units rising from 35,082. Lucknow led the new project registrations with 37, while Gautam Buddh Nagar (Noida and Greater Noida) topped in terms of capital inflow. Even with fewer projects (27), Gautam Buddh Nagar secured ₹15,678 crore for 13,160 units. Meanwhile, Lucknow attracted ₹3,834 crore for…

Latest StoriesRegulatory

Prayagraj to Launch OTS Scheme for Property Tax Defaulters on Aug 15

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) is set to launch a one-time settlement (OTS) scheme for outstanding house, water, and sewer tax dues from August 15 to December 15. Under this state government-approved scheme, property owners can clear their pending dues in three installments by submitting their applications between August 15 and November 14. Applications must include a 30% deposit of the total outstanding dues as the first installment within one month of applying. The remaining balance can be settled in two further installments. The benefits of the OTS program will be applicable only once the final installment is paid.…

Latest StoriesResidential

Manesar to Map PGs and Guesthouses in Residential Areas

GURUGRAM: Following a crackdown on unauthorized paying guests (PGs) and guesthouses in residential areas, the Municipal Corporation of Manesar (MCM) will start collecting property taxes from these establishments. “Buildings that fail to pay their taxes will be sealed immediately,” said MCM Commissioner Pradeep Singh on Thursday. A survey of regions with a high concentration of PGs is to be conducted within 15 days, as directed by Singh. He emphasized that residential buildings serving as PGs, guesthouses, hotels, or hostels must pay taxes applicable to commercial entities. The corporation has identified its top 100 tax defaulters, who collectively owe Rs 229…

CommercialLatest Stories

GCCs to Lease 35-40M Sq Ft Office Space Annually: Report

NEW DELHI: According to a report by Colliers India, global capability centres (GCCs) are projected to lease approximately 35-40 million sq ft of Grade-A office space annually over the next two years. The report indicates that GCCs are expected to represent 45-50% of India’s office space demand in 2026 and 2027. From 2021 onward, GCCs have leased around 118 million sq ft of Grade-A office space across the top seven cities, accounting for 37% of the overall office demand. In H1 2026 alone, GCCs leased 16.6 million sq ft, which comprised 46% of the total uptake of Grade-A office space.…

IndustryLatest Stories

Karnataka to Target Developers Overloading Power Grid

Representative image BENGALURU: A significant number of households may soon see improvements due to a crackdown on large apartment blocks and commercial projects that electricity officials claim are straining the city’s electrical network. Following complaints from resident welfare associations (RWAs), the government has opted to take action against developers of ‘self-execution (SE) projects’ who have neglected to establish required electrical infrastructure while consuming substantial power. The state’s energy department instructed the Karnataka Power Transmission Corporation Limited (KPTCL) on Friday to take measures against developers who have not set up dedicated substations and the necessary electrical infrastructure, as required by Karnataka…

IndustryLatest Stories

Prestige Group Buys 2.35 Acres in Mulund for ₹110.75 Crore

Sure! Here’s a rewritten version of your content: Representative AI image MUMBAI: Prestige Group, a leading real estate developer, has acquired a 2.35-acre land parcel in Mulund (West), Mumbai, for ₹110.75 crore. This move strengthens its development pipeline in one of the country’s most expensive property markets amidst ongoing demand for residential projects. The acquisition was made through Prestige Mulund Realty Pvt Ltd, purchasing the property from Shamvik Glasstech Pvt Ltd and General Glass Company Pvt Ltd. The deal was registered on July 16, with a stamp duty payment of ₹6.64 crore, as per property registration documents from CRE Matrix,…