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

Govt to Regularize B-Khata Buildings, Excludes Vacant Lots

BENGALURU: The state government has decided to regularize all existing B khata buildings and multi-storey apartment complexes in Bengaluru, given they were constructed on unauthorized layouts or lands and registered with the BBMP before September 30, 2024. However, vacant plots with B khata status will not be included in this regularization initiative. The cabinet approved this decision on July 17, following a suggestion from the Urban Development Department (UDD). This aims to provide legal relief to thousands of homeowners while upholding standards against unapproved developments. According to the UDD, vacant lands converted under Section 95 of the Karnataka Land Revenue…

InfrastructureLatest Stories

Thirteen Illegal Colonies on 40 Acres Demolished in Gurugram

Representative image created by AI GURUGRAM: The Department of Town and Country Planning (DTCP) has initiated a significant demolition drive, targeting 13 unauthorized colonies throughout the city. In collaboration with local police, the DTCP has cleared over 40 acres of illegal developments and demolished more than 50 structures as part of this major enforcement operation. The enforcement activities, carried out in three phases between July 18 and July 23, focused on unauthorized colonies within the jurisdictions of Sector 65, Rajendra Park, and Bhondsi police stations. Officials noted that these colonies were established without the required layout approvals, zoning clearances, or…

IndustryLatest Stories

Pay Property Tax by July 31 for Benefits: Ludhiana Chief

LUDHIANA: With just one week remaining for residents to settle their outstanding property tax without incurring any interest or penalties, MC commissioner Aaditya Dachalwal has urged them to take advantage of the one-time settlement (OTS) scheme by submitting their dues by July 31. The MC chief has instructed zonal commissioners, superintendents, and other officials to hasten the collection of dues from residents and take action against defaulters. He convened a meeting at the zone ‘D’ office of the civic body in Sarabha Nagar on Thursday, attended by MC additional commissioner Paramdeep Singh, assistant commissioner (UT) Pragati Rani, and zonal commissioners…

Latest StoriesRera

Bombay HC Orders Maharashtra RERA to Reinstate Hybrid Hearings

MUMBAI: The Bombay High Court has ordered the Maharashtra Real Estate Regulatory Authority (MahaRera) to reinstate hybrid hearings within four weeks. This will allow parties to choose between physical or virtual appearances. “Access to justice includes the right to appear in person, not just virtual access,” stated Justices Revati Mohite Dere and Neela Gokhale. A petition filed by Mayur Desai requested the court to expedite the resolution of execution and non-compliance cases pending since March 2024 and to reinstate hybrid hearings, a practice in place before the Covid-19 pandemic. MahaRera’s attorney mentioned that parties wishing to attend in person could…

IndustryLatest Stories

TDI Infrastructure Repays ₹2,000 Crore, Achieves Debt-Free Status

NEW DELHI: TDI Infrastructure Ltd has successfully repaid its total debt of Rs 2,000 crore, officially becoming a debt-free entity. In a statement released on Thursday, the company confirmed that it has “cleared all outstanding obligations amounting to Rs 2,000 crore without any restructuring, settlement, or waiver.” TDI Infrastructure is now focusing on consolidating its assets and developing both residential townships and commercial properties. TDI Infrastructure’s Akshay Taneja commented, “Achieving a debt-free status has been a significant milestone in our transformation journey. It exemplifies our long-term discipline and commitment to delivering tangible results while upholding financial integrity.” The company plans…

Latest StoriesRera

Odisha RERA Establishes CDR Cell for Dispute Resolution

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has announced the establishment of a Conciliation and Dispute Resolution (CDR) cell at its office. This CDR cell aims to serve as a platform for distressed homebuyers and promoters to resolve disputes amicably, minimizing the need for prolonged legal battles. ORERA attempted a similar initiative in January of last year, but it was not operational due to a lack of government approval. This time, following approval from the housing and urban development department, the CDR cell has been officially notified. “In line with Section 32 (g) of the Real Estate (Regulation and…

Latest StoriesRegulatory

Bombay HC urges Thane civic body to act on illegal structures

MUMBAI: The Bombay High Court has instructed the Thane municipal commissioner to engage with senior officials from electricity supply companies to identify power connections provided to illegal constructions. The court also called for an investigation into civic officers who enable water supply to these unauthorized edifices. Justices Girish Kulkarni and Arif Doctor remarked that providing electricity to illegal buildings represents a “national loss” while noting that granting water to such constructions significantly exacerbates the public’s struggles during water scarcity. The Thane Municipal Corporation (TMC) reported compliance with earlier court orders, resulting in the demolition of 21 illegal structures using “sophisticated…

IndustryLatest Stories

Karnataka Cabinet Approves 1% Fire Cess on New High-Rises

BENGALURU: Karnataka’s Law and Parliamentary Affairs Minister H K Patil announced on Thursday that the state cabinet has approved several significant initiatives, including the establishment of a Centre of Excellence (CoE) in space technology and the launch of the Local Economy Accelerator Programme (LEAP). The proposed SpaceTech CoE will be formed as a Section 8 company under the Companies Act, 2013, with an allocation of ₹10 crore over five years. “The Satellite Communication Industry Association (SIA-India) has been chosen as the industry partner. The project has received exemption under Section 4(g) of the Karnataka Transparency in Public Procurements Act, 1999,”…

Latest StoriesResidential

DLF-Trident’s ‘The Westpark’ nets ₹2,300 crore in phase 1

MUMBAI: DLF, through its subsidiary DLF Home Developers, has entered the Mumbai residential market with the launch of The Westpark in Andheri West. The company, in collaboration with Trident Realty, achieved sales exceeding ₹2,300 crore from the complete sellout of 416 units in phase-1. The launch includes four 37-storey towers on a 5.18-acre site, with all units sold within a week. This phase is part of a larger ~10-acre master plan encompassing eight residential towers. The initial phase features 3 and 4 BHK apartments ranging from 1,125 to 2,500 sq ft (carpet area), along with a limited selection of penthouses.…

IndustryLatest Stories

Ajmera Realty Q1 FY26 Net Profit Rises 21.79%

NEW DELHI: Ajmera Realty & Infra India (ARIIL) has announced a 21.79% increase in its consolidated net profit for the quarter ending June 30, 2025. The profit after tax (PAT) reached ₹38.28 crore in Q1 FY26, compared to ₹31.43 crore recorded in the same quarter last year, as per a filing to the BSE. The company’s net consolidated income for Q1 FY26 amounted to ₹259.62 crore, reflecting a 32.36% growth from ₹196.15 crore during the same period last year. Dhaval Ajmera, Director of Corporate Affairs at the company, stated, “We have significantly enhanced our execution capabilities, leading to a remarkable…