Category: Latest Stories

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Latest StoriesRegulatory

Mumbai Court Grants Anticipatory Bail to Builder Sumit Jain

MUMBAI: The Mumbai Sessions Court has granted anticipatory bail to builder Sumit Jain in connection with an alleged fraud case involving the Lalbaug Redevelopment Project, citing it as a civil dispute. Special Judge VD Kedar approved bail for Jain, 46, a major partner in Poonam Infra, in response to an FIR filed by a beautician at the DB Marg Police Station. This case relates to two flats on the 21st floor that she and her husband booked in 2011 for Rs 1.7 crore. The allegations indicate that Jain and his firm persuaded the complainant to invest in flats in the…

Latest StoriesRegulatory

NCLAT Delays Ruling on Vedanta’s Challenge to Adani Bid for JAL

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has reserved its ruling on Vedanta’s two petitions regarding the acceptance of Adani Enterprises’ bid to acquire the financially distressed Jaiprakash Associates Ltd (JAL) via insolvency proceedings. The hearing concluded with a two-member NCLAT bench, led by Chairperson Ashok Bhushan and Member Technical Barun Mitra, after considering arguments from Vedanta and various respondents, including the Resolution Professional, the Committee of Creditors (CoC), and Adani Enterprises. The court has requested both parties to submit their written arguments within two days. Vedanta’s attorney questioned the evaluation criteria used by JAL lenders, who chose…

CommercialLatest Stories

Bengaluru Metro Pink Line to Boost 5-7 Million Sq Ft Office Demand

File Photo NEW DELHI: Bengaluru’s growing metro network, especially the soon-to-be-launched Pink Line and the recently inaugurated Yellow Line, is predicted to spur a demand for 5-7 million sq ft of office space over the next two years, according to a report by Colliers. The demand is expected to be focused in key micro-markets including central business districts (CBD), secondary business districts (SBD), and peripheral areas like Electronic City, facilitated by enhanced connectivity and shorter commute times. The report highlights that a similar amount of new Grade A office space, around 5-7 million sq ft, is anticipated to be developed…

IndustryLatest Stories

India’s Q1 2026 Real Estate Inflows Reach $5.1 Billion

NEW DELHI: According to a report by CBRE, capital inflows into India’s real estate sector reached an all-time high of $5.1 billion in the January-March quarter of 2026, a 72% increase from $2.9 billion during the same period last year. Sequentially, investments rose by approximately 53% from the $3.3 billion recorded in the October-December quarter of 2025, showcasing ongoing institutional interest despite global economic uncertainties. During this quarter, domestic investors were predominant, representing nearly 96% of total inflows. Developers led the way in capital deployment with a 42% share, followed closely by real estate investment trusts (REITs) at around 40%.…

IndustryLatest Stories

Devendra Fadnavis to Lead Maharashtra Business Summit 2026

MUMBAI: The inaugural Maharashtra Business Summit & Awards 2026, hosted by ETGovernment–The Economic Times, is set to take place on April 23–24 at the iconic Taj Lands End. This event promises to be one of the year’s most significant economic gatherings. Chief Minister Shri Devendra Fadnavis will be the Chief Guest, joined by various ministers, senior officials, global investors, industry leaders, and diplomats. This convergence of policy, capital, and global influence is rare and highly anticipated. Positioned as a pivotal platform at this vital juncture in Maharashtra’s economic landscape, the summit will gather influential decision-makers and business leaders to outline…

Latest StoriesRera

Kantabada Panchayat Opposes BDA Housing Project in Odisha

BHUBANESWAR: In a landmark move, the Kantabada panchayat has turned to the Odisha Real Estate Appellate Tribunal (OREAT) to contest the Bhubaneswar Development Authority’s (BDA) approval of a private housing project, claiming it encroaches on the panchayat’s jurisdiction without proper authority. The tribunal supported the panchayat’s appeal, reversing an earlier decision by the Odisha Real Estate Regulatory Authority (ORERA) that had dismissed the grievance on the grounds of maintainability. OREAT determined that the definition of “aggrieved person” under RERA should not be limited solely to allottees, promoters, or real estate agents. The conflict revolves around a three-storey residential development comprising…

IndustryLatest Stories

Gurugram to Auction Properties Over Unpaid GRAP Fines

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has launched a rigorous recovery initiative aimed at individuals and entities with outstanding challans issued during the Graded Response Action Plan (GRAP). They have warned that unpaid dues may lead to property sealing and auction proceedings. MCG Commissioner Pradeep Dahiya urged officials on Monday to hasten recovery efforts, emphasizing that the enforcement teams responsible for issuing challans will be held accountable for the collection of payments. He warned that any negligence in recovery would not be accepted, stating that there are currently 176 pending challans totaling Rs 41.2 lakh. This initiative coincides with…

CommercialLatest Stories

Office rentals in Delhi-NCR, Bengaluru surpass ₹100/sq ft: Knight Frank

NEW DELHI: Prime office rents in Bengaluru and Delhi-NCR have surpassed Rs 100 per sq ft for the first time, driven by demand outstripping supply, according to Knight Frank’s latest data. In Mumbai, average office rents have already crossed this threshold. The data indicates that office space rentals in eight major Indian cities increased by 2 to 15 percent from January to March 2026 compared to the same period last year. The highest annual growth rate of 15 percent was observed in Delhi-NCR and Kolkata. “Supply constraints in key markets have fostered a persistent rental upcycle since early 2022,” Knight…

InfrastructureLatest Stories

Telangana Unveils First Land Registration with Survey Map

HYDERABAD: In a significant move to modernise land records and minimize property disputes, Revenue Minister Ponguleti Srinivas Reddy announced that the government is safeguarding farmers’ land rights through reforms introduced under the Bhu Bharati land portal. The initiative provides permanent land rights supported by a survey map and Bhudhar number, offering farmers confidence and security about their future. On Tuesday, the first land registration utilizing a survey map was successfully completed in Kusumanchi mandal, Khammam district. The minister remarked that the integrated Bhu Bharati portal would be a national model. In Kusumanchi, farmer Bhagam Kishan Rao from Motapuram village sold…

IndustryLatest Stories

Kalamassery Drafts Changes to City Structural Plan

KOCHI: To align urban planning with contemporary development needs, the Kalamassery municipality has released a draft notification proposing alterations to its structural plan established in 1991. The amendment, issued by the state government on March 15, 2026, aims to provide immediate relief for residents and developers in municipalities and panchayats surrounding the Kochi corporation while awaiting the full implementation of the comprehensive 2040 Amrut Master Plan. Though the Kochi corporation is already implementing the 2040 master plan regulations, nearby local bodies have remained constrained by the outdated 1991 framework. “Many older proposals have become impractical due to changes in traffic…