Category: Latest Stories

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Latest StoriesResidential

DDA Housing Scheme: 1,200 Flats at 25% Off in Narela, Delhi

Representative Image NEW DELHI: The Delhi Development Authority (DDA) has introduced the ‘DDA Karmajeevi Awaas Yojana 2026,’ featuring a 25% discount on over 1,200 ready-to-move flats in Narela, as announced by officials on Wednesday. In celebration of the 80th Independence Day, the DDA has launched a special housing scheme tailored for serving and retired government employees, as well as working professionals. The initiative aims to enhance home ownership accessibility for professionals while continuing DDA’s mission of promoting planned urban development and inclusive growth in the capital. The scheme includes more than 1,200 ready-to-move flats available in 1BHK, 2BHK, and 3BHK…

Latest StoriesRera

Telangana RERA Directs Aparna Constructions to Deliver Flat

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated Aparna Constructions & Estates Pvt Ltd to transfer a flat in Aparna Sarovar Zicon to a new purchaser within 30 days. They noted that a registered sale deed maintains its validity presumption until overturned by a competent court. The ruling, issued on July 21, responded to a complaint from Shridevi Valluri, a Banjara Hills resident, relating to a resident of Block J in the Nallagandla project. The original buyers, Koshy Mathew and Shiney Mathew, reportedly sought financial help from Vijay Valluri. Following their failure to repay the loan, they…

Latest StoriesRera

Bihar RERA Simplifies Project Registration for Easier Business

PATNA: The Real Estate Regulatory Authority (RERA) of Bihar has made the registration process for real estate projects more straightforward to enhance the ease of doing business, while still ensuring thorough document scrutiny before approvals are granted. With the updated system, applicant promoters will receive guidance through each step of the filing process via a new filter-based approach. The portal now features a checklist of necessary documents right at the start and includes built-in validation checks to identify discrepancies, minimizing errors and rejections. Furthermore, RERA has simplified the documentation requirements. Promoters are now only required to submit the Jamabandi, a…

CommercialLatest Stories

Smartworks Coworking Posts ₹13.14 Crore Q1 FY27 Profit

NEW DELHI: Smartworks Coworking Spaces reported a net consolidated profit after tax of ₹13.14 crore for the quarter ending June 30, 2026, rebounding from a net loss of ₹4.19 crore in the same quarter of the previous fiscal year. The company’s total consolidated income surged by 44.3% to ₹559.66 crore in Q1 FY27, up from ₹387.98 crore in Q1 FY26. Normalised earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 74% to ₹107 crore, with the normalised EBITDA margin expanding by 337 basis points to 19.6%. Annualised normalised return on capital employed increased to 21.5% from 12.7%, despite a…

CommercialLatest Stories

Manglam Group to invest ₹1,000 crore in Jaipur-Ajmer project

Representative AI image NEW DELHI: Manglam Group is set to invest ₹1,000 crore in PinkWest, an integrated commercial project located on the Jaipur-Ajmer Highway. This venture is projected to generate approximately ₹1,500 crore in revenue. The project will span around 13 lakh sq ft and will feature a mix of retail spaces, offices, hospitality, dining, entertainment, and lifestyle areas. The development is expected to be finalized by 2029, including 287 retail outlets, 262 office spaces, and a Sheraton hotel with 220 keys by Marriott International. The hospitality aspect of this project is being developed with an investment of around ₹350…

CommercialLatest Stories

315Work Avenue Leases 45,000 sq. ft; Welspun to Novel Jewels 15,232 sq. ft

Representative Image NEW DELHI: 315Work Avenue has leased approximately 45,000 sq ft of managed office space at Bhartiya City, Thanisandra, Bengaluru. This transaction was facilitated by Colliers India, a real estate consulting firm. Currently, the company oversees around four million sq ft of space, which translates to about 80,000 seats across 55 locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. In another announcement, the World Trade Center (WTC)-Thane, managed by Welspun One, has signed Novel Jewels (NJL), part of the Aditya Birla Group, for roughly 15,000 sq ft of space within its Grade-A Urban Distribution Centre (UDC). This facility will…

Latest StoriesResidential

New Registration Seva Kendras to Ease Property Deals: AP Minister

Representative AI image VIJAYAWADA: Revenue Minister Anagani Satya Prasad has defended the state government’s decision to establish Registration Seva Kendras (RSKs). He stated that this new technology-driven initiative aims to alleviate the difficulties faced by individuals at registration offices and to enhance transparency and citizen-friendliness in property registration services. In a media address on Tuesday, the minister highlighted that RSKs are part of wider revenue reforms initiated by the state government, intended to benefit the public without causing any inconvenience. He dismissed opposition criticism as mere political propaganda aimed at gaining electoral advantage. Anagani mentioned that the government has already…

IndustryLatest Stories

Pune Cantonment Board Orders Redevelopment of 100 Unsafe Buildings

Representative AI image PUNE: A recent survey has found approximately 100 century-old buildings in the Camp area to be structurally unsafe, uninhabitable, and prone to collapse. The Pune Cantonment Board (PCB) has now mandated that property owners submit redevelopment plans. These dilapidated structures are mainly located in the older sections of the cantonment, including Dastur Meher Road, Sachapir Street, Bacchu Adda, Old Modikhana, and surrounding lanes. Officials have warned that these weakened buildings pose significant risks to occupants and pedestrians, especially during the monsoon season. The board has served notices to multiple property owners, instructing them to vacate and begin…

InfrastructureLatest Stories

Revamped Bengaluru Stations to Feature Retail, Cafes & Co-Working

Representative AI image BENGALURU: The South Western Railway (SWR) is starting work on the commercial utilization of newly developed spaces at various railway stations in the city, thanks to recent redevelopment efforts. The Bengaluru division of SWR has called for consultants to assist in utilizing the expanded areas at KSR Bengaluru, Yeshwantpur, Cantonment, and others. The consultant’s role will involve studying, planning, and supporting the commercial monetization of these railway assets, which is expected to significantly boost SWR’s non-fare revenue. According to a source, “Yeshwantpur and Bengaluru Cantonment now boast newly constructed multi-storey station buildings with extensive commercial space that…

Latest StoriesResidential

Bengaluru Housing Body Faces Criticism for Fire Safety Violations

Representative AI image BENGALURU: As the skyline of the city rises with state-sponsored housing, a critical question remains — are these homes truly safe? Various projects by the Bangalore Development Authority (BDA) are under scrutiny due to missing fire clearances and incomplete safety measures, transforming dream residences into potential dangers. One significant example is the BDA Indraprastha apartment complex in Kengeri, which has been denied a fire no-objection certificate (NOC). This complex, comprising multiple high-rise structures, reportedly fails to meet necessary open space regulations. When TOI spoke with residents, many expressed that the absence of fire NOCs and lift clearances…