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Housing FinanceLatest Stories

Truhome Finance submits ₹3,000-crore IPO application

NEW DELHI: Truhome Finance, backed by private equity firm Warburg Pincus, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) seeking to raise ₹3,000 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares totaling ₹1,500 crore and an offer for sale (OFS) of equity shares also valued at ₹1,500 crore from its promoter, Mango Crest Investment Ltd, as detailed in the draft red herring prospectus (DRHP). The funds raised from the fresh share issue will be used to strengthen the capital base to satisfy future funding needs, including…

Latest StoriesRera

UP-RERA fines Lucknow builders ₹2.43 crore for QPR delays

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has levied a fine of ₹2.43 crore on two Lucknow-based promoters for their repeated failure to upload mandatory quarterly progress reports (QPR) of their registered projects on the authority’s web portal. In one instance, promoter Shushil Kumar Katiyar of the Arpita Infinity project has faced penalties. This project, registered with a start date of July 10, 2024, and an expected completion by January 31, 2027, did not adhere to uploading the necessary progress reports despite receiving multiple notices from UP-RERA. Consequently, the authority sanctioned a fine of ₹16.25 lakh, which…

Latest StoriesResidential

Goa: 6 Months Jail, ₹10K Fine for Missing Tenant Records

Representative AI image PANAJI: The Goa government has approved the Goa (Verification of Tenants) Rules, 2026, initiating tenant verification within the state. Under these regulations, property owners are required to verify their tenants’ identities by collecting and examining relevant documents. Failure to comply may lead to imprisonment for up to six months and a fine of up to Rs 10,000. Similarly, the Goa police are tasked with maintaining records of inspections conducted during tenant verifications. The Goa (Verification of Tenants) Act, 2024, which came into effect in December 2024, aims to regulate the occupancy of individuals in residential properties not…

Latest StoriesResidential

Jaipur: 2,000 Sanganer Residents March to Save Homes

File Photo JAIPUR: Residents Protest Over Housing Uncertainty Nearly 2,000 residents from 87 colonies in the Sanganer area gathered for a protest march on Sunday, voicing their concerns regarding the future of their homes. This demonstration temporarily disrupted traffic on Tonk Road for approximately four hours. Many of these families have lived in the colonies for years, having purchased plots through registered cooperative societies and constructed homes with bank loans. Essential services, including water supply, electricity, roads, and sewer lines, have been established in the area over time. However, the situation has changed as the land was later included in…

InfrastructureLatest Stories

Jewar Airport Set to Open Soon, Says Civil Aviation Minister

NEW DELHI: The government announced on Monday in the Rajya Sabha that the Jewar airport in Uttar Pradesh has received its aerodrome license and will be inaugurated shortly. In response to questions about the Noida International Airport at Jewar during Question Hour, Minister for Civil Aviation, Kinjarapu Rammohan Naidu, stated that there is a typical timeframe of 45 days to two months from the issuance of the aerodrome license to the commencement of actual flight operations. “I’m pleased to share that the first aerodrome license has been granted by the DGCA following extensive consultations with institutions such as the Airport…

IndustryLatest Stories

Puravankara to Co-Develop Four Acres in Bengaluru

Representative Image NEW DELHI: Puravankara Group has commenced a joint development project on a four-acre land parcel located on Hennur Road in Bengaluru, with a projected gross development value (GDV) exceeding ₹1,300 crore. Ashish Puravankara, the company’s managing director, stated, “This joint venture is in line with our strategy of leveraging asset-light partnerships in high-potential micro-markets, while providing thoughtfully designed homes that meet the needs of modern urban living.” The land parcel offers a total saleable area of approximately 0.84 million sq ft, and the company anticipates launching it in the next six to twelve months. Earlier this year, Puravankara…

IndustryLatest Stories

Raymond Realty & County Group Launch ₹1,200 Cr Noida Project

NEW DELHI: Raymond Realty has finalized arrangements to co-develop a residential project in Kandivali, Mumbai, making it their seventh joint venture in the city. The project is projected to have a gross development value (GDV) of approximately ₹3,000 crore, bringing the total GDV of Raymond Realty’s real estate portfolio to nearly ₹43,000 crore. In a separate venture, County Group has launched a luxury residential project named Clove County in Sector 151, Noida, adjacent to the Noida-Greater Noida Expressway, with an investment exceeding ₹1,200 crore. The project spans five acres and will consist of 226 apartments across three towers. It will…

IndustryLatest Stories

Arnya Real Estate Fund & Supreme Universal Raise ₹1,030 Crore

NEW DELHI: Arnya Real Estates Fund Advisors, in collaboration with Supreme Universal, has raised ₹1,030 crore from both domestic and international investors for its Arnya Real Estate Fund-Equity. Launched in November 2025 with a target corpus of ₹1,250 crore, the fund focuses on residential redevelopment projects in Mumbai. Sunny Bijlani, Joint Managing Director of Supreme Universal, remarked, “As the real estate landscape changes, the quality and structure of capital have become as crucial as execution capabilities. Institutional partnerships like this introduce discipline, transparency, and long-term alignment in redevelopment initiatives.” Published On Mar 9, 2026 at 11:00 AM IST Join the…

InfrastructureLatest Stories

Land Cleared for New Buildings at Damdama Basin, Aravalis

Representative AI image GURUGRAM: Significant alterations have been made to the land near Damdama Lake, including tree removal and the extension of an electricity line, to accommodate new buildings within this protected Aravalis zone. A 3km kuccha road has been created, running through the catchment area — a region safeguarded under the Punjab Land Preservation Act (PLPA) which prohibits non-forest activities. The road begins behind the Damdama Tourist Complex managed by the Haryana tourism department and traverses the lake basin, linking newly constructed concrete structures. Initially 1.5km long in 2021, the road has now expanded to 3km, despite previous efforts…

IndustryLatest Stories

BIS drops seismic zonation plan due to rising construction costs

Representative AI image NEW DELHI: Three months after the Centre declared a new seismic zonation for India that classified Zone 6 as the highest risk, primarily covering the Himalayan arc and designating almost 60% of the country in moderate to high-risk zones— the 2024 iteration of IS 1893, introducing stricter construction safety standards, has now been revoked. In a notable regulatory change, the previous standard, IS 1893 of 2016, is reinstated. A gazette notification dated March 3 from the Bureau of Indian Standards (BIS) confirmed that the earlier notification from November 6, 2025, regarding the updated IS 1893 of 2025,…