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.

CommercialLatest Stories

Report: Office REITs Could Reach 30% Penetration by 2030

NEW DELHI: According to a report by Colliers India, office REIT penetration in India could rise from approximately 19% to 25-30% by 2030. The report predicts that industrial and warehousing InvIT penetration may increase from around 4-5% to 7-10% by 2030, driven by a pipeline of institutional-grade assets and market formalization. As of March 2026, the operational portfolio of listed REITs and InvITs has surpassed 195 million sq ft, with an anticipated pipeline of about 37 million sq ft. Office assets constitute around 84% of the operational portfolio of listed REITs and InvITs in India, and retail and industrial segments…

InfrastructureLatest Stories

Hinjewadi-Shivajinagar Metro to Launch in August: PITCMRL

Representative AI image PUNE: After several delays over the past two years, the much-anticipated Metro Line 3, connecting Hinjewadi and Shivajinagar, is now set for commissioning in August 2026, with the first phase covering 12 stations expected to be completed by the end of June. Officials from Pune IT City Metro Rail Ltd (PITCMRL), the agency responsible for the project under the Pune Metropolitan Region Development Authority (PMRDA), confirmed to TOI that all major civil and systems work on the 23 km fully elevated corridor is complete, and successful end-to-end trial runs have been conducted. The initial phase encompasses a…

InfrastructureLatest Stories

Chennai Metro Phase-II Line Delayed Despite Approval

CHENNAI: Four months after the Chennai Metro Rail’s first Phase-2 line from Poonamallee Bypass to Vadapalani received approval for commissioning, passengers are still awaiting the commencement of services. The 14.6 km stretch of corridor-4— the initial section of the 118.1 km Phase-2 network to be completed— obtained conditional approval from the Commissioner of Railway Safety (CRS) in February, followed by another approval in May after CMRL met all specified requirements. Sources reveal that CMRL has reached out to the Centre to set an inauguration date, but an announcement has yet to be made. The postponement has shifted the anticipated launch…

Latest StoriesRegulatory

Karnataka HC: Premium FAR Scheme Isn’t Akrama-Sakrama Rebranded

BENGALURU: The High Court has upheld the state’s Premium Floor Area Ratio (FAR) scheme, asserting that it should not be equated with the controversial Akrama-Sakrama scheme, which is aimed at regularizing unauthorized constructions. In its judgment, delivered on June 15, the division bench, comprising Chief Justice Vibhu Bakhru and Justice CM Poonacha, dismissed a public interest litigation and a related writ appeal, emphasizing that the Premium FAR scheme fundamentally differs from Akrama-Sakrama. The Premium FAR scheme modifies development regulations uniformly rather than legalizing illegal structures. The court noted that the Akrama-Sakrama scheme allows for regularizing unauthorized constructions through payment, while…

IndustryLatest Stories

SBI Claims Ownership in Telangana Land Row Amid Auction Defense

HYDERABAD: The Telangana High Court has issued a three-week stay on all proceedings regarding the recent auction of a 6.2-acre land parcel in Knowledge City, Raidurg. The land was purchased by Gowra Ventures Pvt Ltd for a staggering Rs 237 crore per acre (totaling Rs 1,490 crore) on May 28. Justice NV Shravan Kumar made this ruling while addressing a series of petitions from the State Bank of India, which asserted that 5 acres of the auctioned land had been allotted to it in 2010 and has remained in its possession ever since. The state contended that it proposed a…

Latest StoriesRera

Homebuyers Can Access Builders’ Complaint History on RERA

AHMEDABAD: Homebuyers in Gujarat may soon find it easier to verify the credibility of real estate developers. The Gujarat Real Estate Regulatory Authority (GujRERA) plans to publicly showcase builders’ past project records and any pending complaints on its website. In a step towards boosting transparency and accountability in the real estate sector, GujRERA will link the track record of real estate firm promoters and their partners to every new project registration. The authority may also deny approvals for new projects in cases involving serious unresolved complaints. The new system will allow homebuyers to access information about a builder’s previous projects…

Latest StoriesResidential

Mhajo Flat Scheme Launch in 15 Days, Says Goa CM

PANAJI: Chief Minister Pramod Sawant announced on Thursday that “Mhajo Flat,” a scheme introduced in the state budget, will be launched within 15 days. This initiative seeks to settle a persistent legal issue affecting 30,000 to 40,000 flat owners in Goa who are currently unable to register their properties in their names. Sawant highlighted that many flat buyers, despite having purchased their homes decades ago, lack formal ownership. Often, the land where these residential complexes are built still belongs to the original landowner, who may no longer be available or residing in Goa to sign the necessary transfer documents. “In…

Latest StoriesRera

Bihar Housing Minister: Speed Up RERA Cases, Ensure Transparency

PATNA: Emphasizing the need for timely resolution of homebuyers’ complaints and enhanced transparency in the real estate sector, Bihar’s Urban Development and Housing Minister, Nitish Mishra, instructed officials to expedite the clearing of pending cases before the Bihar Real Estate Regulatory Authority (RERA) during a high-level review meeting. This meeting saw participation from RERA Chairman Vivek Kumar Singh, Principal Secretary Vinay Kumar, Inquiry Commissioner Sanjay Kumar Singh, Joint Secretary Manoj Kumar, and other senior officials. Mishra underlined that safeguarding homebuyers’ interests and ensuring accountability are integral to RERA’s mission, insisting that all complaints should be addressed within a specific timeframe,…

InfrastructureLatest Stories

No New Bengaluru Metro Projects for 4.5 Years Due to Delays

BENGALURU: The expansion of the city’s Metro has come to a standstill, with no new corridors entering construction for over four and a half years. The last project to commence was the extended Airport Line (KR Pura to KIA), with contracts awarded by BMRCL in November 2021 and construction starting in early 2022. Since then, no new initiatives have progressed. The delay has shifted concerns from the typical issue of late commissioning to a worrying absence of new projects, despite the increasing demand for travel. Two significant projects under Phase III and IIIA are still awaiting approval. The Phase III…

Latest StoriesResidential

1.1 Lakh Applicants Compete for 973 Noida Airport Plots

Representative AI image NOIDA: The demand for land near Noida International Airport has skyrocketed, with the Yamuna Authority receiving 110,034 applications for 973 residential plots. On Thursday, a draw was held at the India Expo Centre and Mart in Greater Noida to allocate these plots. Some were specifically set aside for farmers, SC/ST communities, the disabled, and industrialists with operational units near the airport. The allotment drive was announced by the Yamuna Authority in April, attracting applications from locals, professionals, investors, and businesses. Out of the total applications, 140 were rejected due to duplication, while 23 were voluntarily surrendered. The…