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IndustryLatest Stories

Lekhpals to Monitor Illegal Buildings in New Noida Villages

Representative image created by AI NOIDA: In a bid to combat illegal construction in the New Noida (DNGIR) area, the Noida Authority has appointed two lekhpals to oversee development activities across 80 villages—20 in Gautam Budh Nagar and 60 in Bulandshahr. These lekhpals will collaborate with the revenue department to detect unauthorized constructions and will provide weekly reports to the authority. Their official appointments were confirmed via an order issued on July 4. The officers, Rajesh Kumar Sharma and Manoj Kumar Dubey, are responsible for monitoring 30 villages in Bulandshahr and 10 in Gautam Budh Nagar. Officials have stated that…

Latest StoriesResidential

Over 13,200 Homes Approved for Chenchu Tribals in Telangana

Representative image created by AI HYDERABAD: The Indiramma housing scheme aims to provide not just shelter, but also dignity and security to impoverished and Chenchu tribal communities in Telangana, particularly benefiting women, who are the recipients of housing sanction letters, according to Revenue Minister Ponguleti Srinivas Reddy. During public meetings in the Atchampet and Kollapur assembly constituencies, where sanction letters were handed to 536 Chenchu tribal families, Ponguleti, along with Tourism Minister Jupally Krishna Rao, reaffirmed the government’s commitment to uplifting marginalized groups. He announced that a total of 13,266 Indiramma houses will be sanctioned to Chenchu tribals across the…

IndustryLatest Stories

Andhra CM Urges Amaravati Allottees to Finish Projects Promptly

AI-generated Representative Image AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu emphasized on Tuesday that all institutions assigned land in the greenfield capital city of Amaravati must adhere to the specified timelines for their construction projects, insisting that no extensions beyond the deadline will be tolerated. During a review of land allocations to various public and private entities within the Capital Region Development Authority limits, the chief minister made it clear that construction must commence without delay. “Those who have received land must initiate construction as promised. Projects should be completed within two-and-a-half to three years. There will be no…

InfrastructureLatest Stories

Bengaluru Blueprint Ready for Upcoming Cabinet Meeting: Deputy CM

BENGALURU: Deputy Chief Minister DK Shivakumar announced on Monday that a comprehensive development roadmap for Greater Bengaluru is almost ready and will be presented to the cabinet at its next meeting. “We are in the final stages of finalizing the development plan for Greater Bengaluru,” Shivakumar told reporters, marking a significant initiative in the government’s urban governance reforms. The announcement follows Chief Minister Siddaramaiah’s statement in May regarding the implementation of the Greater Bengaluru Governance Act, which will see the Bruhat Bengaluru Mahanagara Palike (BBMP) replaced by a new governing body, the Greater Bengaluru Authority (GBA). On May 25, Shivakumar…

IndustryLatest Stories

Chennai Civic Body Halts Iyra Properties Work Over Cracks

Representative image created by AI CHENNAI: Following significant cracks appearing in roads and buildings in Velachery, the Greater Chennai Corporation (GCC) issued a stop-work order to Iyra Properties for damages due to inadequate construction practices. According to a notice under the Town and Country Planning Act of 1971, GCC mandated the realtor to cease work on Seshadripuram First Main Road due to damage observed in roads, buildings, stormwater drains, and sewer systems. GCC indicated that the roadways and stormwater drainage system collapsed as a result of improper piling and shoring practices at the site. IIT Madras has been engaged to…

IndustryLatest Stories

Maharashtra Bill Aims to Let SRA Recover Transit Rent from Builders

File Photo MUMBAI: On Tuesday, the Maharashtra government introduced a bill in the state assembly aimed at amending the slum redevelopment law. This amendment will enable the Slum Rehabilitation Authority (SRA) to collect outstanding transit rent from builders and developers. The proposed changes to the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act of 1971 will classify unpaid rent to slum residents as arrears of land revenue. Consequently, this gives the SRA the authority to initiate recovery actions under the Maharashtra Land Revenue Code (MLRC). An official noted, “The SRA aims for these amendments to expedite its projects and ensure…

IndustryLatest Stories

Sobha Reports ₹2,078 Crore in Q1 FY26 Pre-Sales

NEW DELHI: Sobha has reported its highest quarterly real estate sales in the first quarter of FY26, achieving pre-sales of ₹2,078 crore, with the company’s share amounting to ₹1,717 crore. The impressive quarterly performance was fueled by strong demand in key markets and the successful launch of Sobha Aurum in Greater Noida, marking the company’s debut project in the city. The total area sold during this quarter reached 1.44 million sq ft, with an average realization of ₹14,395 per sq ft. Regional Performance Bengaluru emerged as the leading market, contributing ₹602 crore in sales, followed by Gurugram with ₹352 crore.…

IndustryLatest Stories

Lodha Developers Secures ₹300 Crore Through NCDs

Representative Image NEW DELHI: Lodha Developers (previously known as Macrotech Developers) has successfully raised ₹300 crore through the issuance of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), as revealed in a regulatory filing on Tuesday. The NCDs were issued at a face value of ₹1 lakh each. These debentures offer an interest rate of 7.96% per annum, which will be paid quarterly starting September 30, 2025, with a maturity date set for July 7, 2028. This financial instrument is secured by a first-ranking charge on specified company assets, as detailed in the Key Information Document dated July 3, 2025.…

IndustryLatest Stories

KVN Properties, Assetz Group to Build 1M Sq Ft Project in Bengaluru

Representative image created by AI NEW DELHI: KVN Properties LLP has formed a strategic development management agreement (DMA) with Assetz Group to launch a residential project in North Bengaluru. The collaboration will facilitate nearly one million sq ft of development, with an anticipated gross development value (GDV) of ₹1,000 crore. The project is planned as a single-phase initiative projected to span 3-4 years. Through this strategic DMA model, KVN Properties will cover all project-related costs, including land acquisition and construction expenses. Meanwhile, Assetz Group will assume the role of development manager. This agreement brings the company’s total residential development commitments…

IndustryLatest Stories

₹30,885 Crore in Land Deals Across India in H1 2025

Representative image created by AI NEW DELHI: The Indian land market saw unprecedented activity in the first half of 2025, with approximately 2,900 acres sold across 76 transactions—exceeding the entire volume of 2024, which consisted of 133 deals covering 2,515 acres. A recent Anarock report indicates that land transactions in H1 2025 alone are valued at ₹30,885 crore, with potential revenue estimated at ₹1.47 lakh crore and a total development capacity exceeding 233 million sq. ft. Among the top seven cities in India, the Mumbai Metropolitan Region (MMR) dominated with 24 land transactions covering over 433 acres, followed by Bengaluru…