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.

Latest StoriesResidential

Telangana CM: Build Indiramma Houses Only in Residential Areas

Representative AI image HYDERABAD: Telangana Chief Minister A. Revanth Reddy issued directives on Friday to ensure that homes under the ‘Indiramma’ housing scheme are constructed within residential areas of the Hyderabad Core Urban Region (CURE). During a meeting with ministers and officials, Reddy emphasized that beneficiaries might face challenges in accessing job opportunities and commuting if houses are situated far from residential zones. He instructed officials to identify unused lands from various government departments for the construction of these houses, as noted in an official release. The government plans to construct 7,680 flats in the initial phase of the scheme.…

Latest StoriesRegulatory

Realty United Infra Director Arrested for Land Fraud in Indore

INDORE: A director of Realty United Infra Private Limited was arrested for allegedly creating forged documents related to a government-mortgaged plot and defrauding a woman of ₹18.75 lakh by executing a sale agreement for land that was not legally available for sale. According to Additional DCP Rajesh Dandotiya, the suspect, Anita Gehlot, allegedly persuaded complainant Vanita Dangi to purchase Plot No. J-16 in Orchid Park Colony by offering it at a price lower than the market rate. Gehlot reportedly entered into a sale agreement with Dangi and collected ₹18.75 lakh. During the investigation, police confirmed that the plot had already…

Latest StoriesRegulatory

FIR Against 22 for Using Fake PMRDA & PMC Docs in Sales

PUNE: The Ambegaon police have registered a case against 22 individuals, including seven builders and developers, for allegedly deceiving the government by using forged PMRDA and PMC development-related documents to register 22 property sale deeds. The First Information Report (FIR) was filed following a complaint from Ravindra Namdev Koli, 46, the sub-registrar at the Haveli Number 20 office in Dattanagar, Ambegaon. According to Senior Inspector Sharad Zine, the case stemmed from a complaint in March 2026 by Dadasaheb Gaikwad, founder-president of the Rayat Maharashtra General Kamgar Sanghatana. He alleged that several builders used fake approval documents that appeared to be…

IndustryLatest Stories

Onida Plans to Monetize Realty Assets for Revival

Representative AI image KOLKATA: Onida Electronics, known for its once-iconic television brand, is planning to monetize its real estate assets to generate funds, with some proceeds intended for revitalizing the brand as it competes against well-funded rivals like LG, Samsung, Haier, and Hisense in the highly competitive Indian consumer electronics market. Gunjan Srivastava, the newly appointed managing director and CEO, stated that the company is considering monetizing three land parcels: its 2,143 sq m headquarters, Onida House, in Mumbai’s Andheri; a 60-acre manufacturing facility at Wada, which is being closed; and a five-acre site at Lote in Ratnagiri. The assets…

IndustryLatest Stories

Chennai Developers Request FSI Rule Clarification from CMDA

Representative AI image CHENNAI: Developers are seeking clarification from the Chennai Metropolitan Development Authority (CMDA) regarding the eligibility of projects partially within 500 meters of a metro corridor for concessional Premium Floor Space Index (FSI) charges under the Transit-Oriented Development (TOD) policy. They argue that the current ambiguity is causing delays in project approvals. Credai Chennai has formally requested CMDA for clarity. “If any part of the project site is within the 500-meter boundary, it should qualify for the concession. There’s no necessity for the entire site to be included,” stated S Sridharan, a member of Credai National’s executive committee.…

IndustryLatest Stories

Lodha Developers’ Q1 FY27 Net Profit Soars to ₹1,373.10 Crore

NEW DELHI: Lodha Developers, previously known as Macrotech Developers, has reported a remarkable 103.4% increase in its net consolidated profit after tax, reaching ₹1,373.10 crore for the quarter ending June 30, 2026, compared to ₹675.10 crore in the same period last year. The company’s net consolidated total income surged by 40.6% to ₹5,096.70 crore in Q1 FY27, up from ₹3,624.70 crore in Q1 FY26. Pre-sales amounted to ₹4,629 crore, with collections rising by 46% year-on-year to ₹4,205 crore. The net debt declined by ₹446 crore during the quarter, totaling ₹4,931 crore, aided by strong operating cash flows. As of June…

Latest StoriesRegulatory

SC Reviews Haryana’s Civic Bodies on Illegal Structure Enforcement

GURUGRAM: The Supreme Court has significantly intensified its examination of urban planning violations in the city. In a ruling on July 9, the apex court warned that the MCG and GMDA could face direct repercussions if they fail to enforce final demolition orders against illegal structures. While ordering the personal attendance of the MCG commissioner and the GMDA CEO, the court stated that despite some demolition orders being finalized—especially in certain city areas—authorities have not acted on them. The case is set to be reviewed on August 4, during which the court will assess compliance reports from the municipalities. The…

Latest StoriesRegulatory

Patna’s Property Tax Collection Jumps 13.9% From April to July

PATNA: The Patna Municipal Corporation (PMC) reported a collection of ₹51.76 crore in property tax from April 1 to July 22 this year, marking a 13.9% increase from ₹45.43 crore collected during the same period last year, officials announced on Thursday. The increase is attributed to ongoing public outreach and awareness campaigns designed to promote timely payments. Officials noted that PMC has been actively contacting property owners daily via telephone and other platforms to remind them of tax deadlines. Between July 1 and July 22, PMC collected ₹3.61 crore from 9,634 property owners, compared to ₹2.89 crore from 9,431 property…

IndustryLatest Stories

Primus Senior Living, HDFC Capital Launch ₹2,000 Cr Platform

Representative AI image NEW DELHI: Primus Senior Living and HDFC Capital have formed a partnership to launch a ₹2,000 crore senior living platform aimed at developing communities across six Indian cities: Mumbai, Chennai, Delhi, Hyderabad, Bengaluru, and Pune. The two companies will co-promote the platform as an equity partnership, with joint investments in various projects. Adarsh Narahari, founder and managing director of Primus Senior Living, mentioned that the structure is still being formulated, but the partners are considering establishing project-level special purpose vehicles. The ₹2,000 crore fund is expected to be invested over the next two years, with plans to…

Latest StoriesResidential

Bengaluru Builder to Demolish Unstable Tower After Occupancy Grant

Representative AI image BENGALURU: Just three months after the Greater Bengaluru Authority issued an occupancy certificate, an 18-floor apartment tower within the SNN Raj Etternia complex near Kudlu off Hosur Road is slated for demolition. The builder opted to dismantle the tower before any residents moved in, as it was discovered that the structure had begun to tilt due to inadequate stability work before construction commenced. Constructed over four years, the tower consists of 49 flats, which buyers were eager to occupy before this structural issue arose. The complex includes 14 other towers that are free of defects. Out of…