Category: Latest Stories

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CommercialLatest Stories

Onward Workspaces Leases 165,000 sq ft to Accenture in Noida

NEW DELHI: Onward Workspaces, a provider of co-working and managed office spaces, has leased 165,000 sq ft of office space to Accenture in Sector 132, Noida. The workspace, which occupies eight floors at Ace Capitol, includes 1,460 workstations. Currently, the company manages over 800,000 sq ft of workspace across the Delhi NCR region. Onward Workspaces is also developing a co-working center at ECE House on KG Marg in Connaught Place, which will span approximately 17,000 sq ft. Published On Mar 20, 2026 at 03:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for…

Latest StoriesResidential

Prayagraj body to revise unsold flat rates and simplify rules

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has announced plans to adjust the prices of its unsold residential units to rekindle interest among potential homebuyers. This decision was made during the PDA’s board meeting on Wednesday. Chairing the session, divisional commissioner Saumya Agarwal instructed officials to review house pricing in line with government-issued costing guidelines and current market conditions. Previously, PDA had frozen the property prices, a move that did not attract buyers. The board has also endorsed proposals to amend discrepancies in the city’s Master Plan 2031. Currently, regulations in upscale neighborhoods like Civil Lines, Georgetown, and Tagore Town restrict…

IndustryLatest Stories

Homeland Group, VRC Buy Mohali Land for ₹1,000 Crore+

Representative image NEW DELHI: Homeland Group, in collaboration with construction firm VRC, has procured two mixed-use land parcels in Mohali via a Greater Mohali Area Development Authority (GMADA) e-auction, with a total investment exceeding ₹1,000 crore. The larger acquisition involves a 5.5-acre lot near the Chandigarh border, purchased at approximately ₹70 crore per acre, contributing around ₹400 crore to GMADA’s revenue. In another separate acquisition, the developers secured a 13-acre parcel in Sector 62, Mohali, at about ₹47 crore per acre, resulting in a total bid value of over ₹600 crore. Both parcels are slated for development as mixed-use projects…

IndustryLatest Stories

Odisha Developers Call for Land Conversion Reform

BHUBANESWAR: Leading real estate developers in Odisha are calling on the state government to reform its land conversion framework, asserting that the current, outdated system causes project delays, increases costs, and hinders urban development, especially as other states modernize their processes. This appeal comes in light of recent policy changes in Maharashtra and Karnataka, where the need for separate non-agricultural (NA) conversion approvals has been eliminated. In Karnataka, for example, land conversion is now automatically approved during the building plan sanctioning phase, while Maharashtra has completely removed NA permission requirements. “In Odisha, the scenario is markedly different,” the developers stated,…

IndustryLatest Stories

RIICO Introduces 33-Year Lease with 40% Land Discount

Representative image JAIPUR: Chief Minister Bhajan Lal Sharma has announced that RIICO will permit entrepreneurs to secure plots in 30 identified industrial areas at 60% of current rates, with a lease term of 33 years. This initiative is anticipated to significantly lower the costs of establishing industries. Furthermore, the payment duration under the direct allotment scheme has been extended from three to five years, allowing investors to pay in 19 quarterly installments. To facilitate industrial transactions, the transfer fee for plot sales post-production has been halved from 1% to 0.5%. Additionally, the conversion fee for weighbridge operations has been reduced…

Housing FinanceLatest Stories

Shubham Housing Finance Secures $96M from LeapFrog, Others

NEW DELHI: Shubham Housing Development Finance, a provider of affordable housing finance, has secured USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and other stakeholders, including Creador. The investment strengthens Shubham’s future growth by establishing a robust shareholder base, combining global impact investors with leading regional private equity firms, and facilitating an exit for early investors, as stated in a joint announcement on Thursday. Over the past year, the company has seen significant growth, with assets under management nearing Rs 7,500 crore as of December 2025. This growth has been fueled by strong demand for affordable…

CommercialLatest Stories

Delhi to Map, Audit Fire Safety of Commercial Units Citywide

NEW DELHI: Delhi Home Minister Ashish Sood has mandated a third-party mapping and fire safety audit of all establishments in the capital, including those in residential areas, in response to the recent fire in Palam that resulted in nine fatalities. Sood instructed that third-party experts be engaged to evaluate fire safety compliance throughout the city. “This initiative aims to pinpoint deficiencies in safety measures and ensure compliance with established norms across commercial facilities in mixed-use environments,” he stated. “Every worker and every family deserves to feel safe, no matter where they are,” Sood emphasized, adding that the government plans to…

Latest StoriesRera

PM Gati Shakti to Oversee Gujarat RERA Projects

GANDHINAGAR: The Gujarat Real Estate Regulatory Authority (GujRERA) and the state urban development department are now integrating GujRERA-registered real estate projects with town planning and development plan data, facilitated by the PM Gati Shakti platform to enhance service delivery. Established under the Real Estate (Regulation and Development) Act, 2016, GujRERA is responsible for the registration of real estate projects and agents, along with regulation, monitoring, and grievance redressal for the registered projects. Currently, promoters utilize Google-based services to define project boundaries and upload information to the GujRERA portal. These services are also employed to display project boundaries on maps, geo-fence…

IndustryLatest Stories

Maharashtra Launches Inquiry into ₹1,000 Crore BMC Scam

MUMBAI: Junior Urban Development Minister Madhuri Misal acknowledged in the assembly that there were irregularities in the BMC’s agreement for a housing project in Malad (E) designated for project-affected persons (PAPs). She noted that while all funds were transferred to the developer, no start date for the project was specified. Misal mentioned that she requested a report on all issued credit notes. Congress MLA Aslam Shaikh, who raised the concern, claimed that land classification was altered unlawfully, resulting in increased ready reckoner rates and elevating the project cost by Rs 618 crore. He expressed that the project might not be…

Latest StoriesRera

UP-RERA fines three projects ₹5 lakh for unregistered promotions

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has fined three projects ₹5 lakh each for marketing and selling units without the required registration, breaching the Real Estate (Regulation and Development) Act, 2016. During its 198th meeting, UP-RERA discovered that ‘Estate 105’ (Max Estate), ‘Sobha Rivana’ (Sobha) in Noida, and ‘Avikalp Estate’ (Dhanushkothi Builder & Developer) in Lucknow were being promoted or sold without obtaining the necessary RERA registration. UP-RERA noted that these projects were advertised on digital platforms, and in one instance, units were sold prior to registration, violating section 3 of the Act, which mandates registration…