Category: Latest Stories

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IndustryLatest Stories

Puravankara Acquires 9.73 Acres in Bengaluru; Arvind Joins for 58.25 Acres in Ahmedabad

Representative image NEW DELHI: Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru. This outright acquisition has development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. In a separate announcement, Arvind SmartSpaces (ASL) shared plans for a residential plotted project located on Kerala-Nalsarovar Road in South Ahmedabad. The project encompasses 58.25 acres, featuring a saleable area of 2.5 million sq ft. This joint development initiative is expected to generate a top-line of ₹180 crore. Published On Jun 17, 2026 at 09:46 AM IST Join a community of…

IndustryLatest Stories

Harmony Infra Ventures to Invest ₹550 Crore in Ghaziabad Project

NEW DELHI: Harmony Infra Ventures has assumed full ownership of The Horizon Residences, a ₹1,600 crore residential endeavor located in Indirapuram, Ghaziabad. HS Kandhari, co-founder and executive director of the firm, mentioned that ₹550 crore will be invested in this project, with substructure work already in progress across the two G+33 towers. The project features 264 residences with pricing starting at ₹5.99 crore. It is compliant with the Real Estate Regulatory Authority and has secured all necessary approvals. Indigo Infraprojects is responsible for the foundation work, which includes deep excavation, piling, diaphragm wall construction, shoring, and other ground engineering tasks…

CommercialLatest Stories

Kochi’s Real Estate Thrives with Rising Office and Retail Demand

KOCHI: The commercial capital of Kerala is currently experiencing a real estate surge, driven by increasing demand for office and retail spaces. According to the latest Q1 2026 (January-March) report from a global property consultancy, Kochi has seen a significant 18% quarter-on-quarter increase in office leasing activity. In the first three months of 2026, Kochi recorded a net absorption of 0.11 million (1.1 lakh) square feet of office space, indicating a shift in business preferences toward decentralized, cost-effective hubs outside saturated tier-1 metros. The momentum is particularly strong in the city’s peripheral IT corridors, especially Kakkanad and surrounding areas, which…

Housing FinanceLatest Stories

Areion Seeks RBI Nod for ₹936 Crore Aviom India Acquisition

RBI MUMBAI: Areion Group has formally requested approval from the Reserve Bank of India (RBI) for its planned ₹936-crore acquisition of the troubled mortgage lender Aviom India Housing Finance. Sources indicate that the regulator’s ‘fit-and-proper’ assessment will likely include a detailed investigation beyond just commercial aspects. The RBI is expected to carefully examine the source of funds, governance history, and ownership structure of Areion Group’s proposed takeover, announced four months ago, as part of its fit-and-proper review, according to the aforementioned sources. “The regulator’s priority will be to trace the origin of the funds and verify that the acquisition is…

Latest StoriesRera

Karnataka RERA Orders Builder to Transfer Assets for Homebuyers

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has mandated a builder to transfer the khata of the land, BESCOM meters, water meters, corpus fund, the balance of the escrow account, and maintenance accounts to the authorized association of allottees within 90 days of its order. The order came following a petition from Yoganandan Jagannathan, a flat owner, against Smart Value Homes (Peenya Project) Private Limited and Tata Value Homes Ltd. K-RERA instructed the respondents to restore power supply to the complainant’s apartment and ensure completion of the promised amenities as per the agreements. Jagannathan claimed the promoter had assured…

Latest StoriesRera

Karnataka RERA’s Bid for Financial Autonomy Hits Govt Wall

BENGALURU: Karnataka’s real estate regulatory authority is not lacking in funds; however, it is losing control over its financial resources. The Karnataka Real Estate Regulatory Authority (K-Rera) generates steady income from project registrations, agent fees, penalties, and various charges. However, its autonomy in fund allocation has diminished, with the state government assuming control over the dedicated regulatory corpus. The K-Rera Regulatory Fund was established by the Real Estate (Regulation and Development) Act of 2016 to ensure the authority’s financial independence. This fund was intended to allow K-Rera to independently manage its operations, including hiring personnel and processing complaints. However, this…

IndustryLatest Stories

Delhi’s Slum Dwellers Rehabilitation Policy Finalized: Home Min.

NEW DELHI: Union Home Minister Amit Shah announced on Tuesday that the Delhi Slum and JJ Cluster Rehabilitation and Relocation Policy, 2026, is finalized and will benefit around four lakh families residing in such areas. Shah recommended that the Delhi government issue tenders for at least five public-private partnership-based rehabilitation projects each month. During a review meeting focused on the rehabilitation of slum dwellers in the national capital, he directed the Delhi Development Authority (DDA) and the Delhi Urban Shelter Improvement Board (DUSIB) to issue tenders for five clusters within 45 days. He also requested the preparation of project documents…

Latest StoriesRegulatory

Delhi Civic Revenue Soars 17% to ₹14,549 Crore in 2025-26

NEW DELHI: The Municipal Corporation of Delhi (MCD) achieved its highest annual revenue of Rs 14,549.06 crore for the financial year 2025-26, marking a 17.27% increase from the previous year, as reported by officials on Tuesday. According to MCD standing committee chairperson Satya Sharma, total revenue soared from Rs 12,406.75 crore in 2024-25 to Rs 14,549.06 crore in 2025-26, representing an increase of Rs 2,142.31 crore. “MCD’s own revenue rose from Rs 9,400.20 crore to Rs 11,239.24 crore during this period, indicating a growth of 19.56%. Additionally, revenue and grants from the Delhi government climbed from Rs 2,983.87 crore to…

Latest StoriesResidential

Subhash Chandra’s Delhi Bungalow Sold for ₹1,260 Crore

NEW DELHI: Subhash Chandra, chairman of Essel Group, has decided to sell a bungalow on Bhagwan Das Road in Delhi to a local business family for ₹1,260 crore, marking one of the priciest property transactions in the nation. Chandra acquired this 2.8-acre property in 2015 for ₹304 crore. “This property was one of the most coveted in Lutyens’ Delhi and is among the select few priced above ₹1,000 crore,” stated a source familiar with the deal. “All formalities and monetary transactions are expected to be finalized by December 30, 2026.” Additionally, a nearby bungalow situated on a 3.2-acre plot is…

CommercialLatest Stories

JSW Realty Gets ₹1,600 Crore Loan from Tata Capital for Mumbai Project

JSW Realty, the real estate division of the JSW Group, is in advanced negotiations to secure a loan of Rs 1,600 crore (approximately $169 million) from Tata Capital Ltd., a shadow lender, as per sources familiar with the matter. The company is looking to obtain this five-year loan to finance an office development near Mumbai’s Bandra business area. The sources, who requested anonymity due to the private nature of these discussions, indicated that the loan interest rate is likely to fall between 9% and 11% per annum, whereas the yield on current five-year government bonds stands at 6.47%. The terms…