Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRegulatory

HC Urges Greater Noida Authority to Reinstate Cancelled Plot

NOIDA: The Allahabad High Court has reinstated a farmhouse plot valued at over Rs 100 crore to a firm, overturning a cancellation order issued nine years ago, effective immediately. A division bench comprising Justices Mahesh Chandra Tripathi and Kunal Ravi Singh ruled on Thursday to restore the 3.8 lakh sqm plot in Greater Noida to SDS Infratech, reversing the Greater Noida Authority’s 2017 cancellation order and instructing it to address the developer’s zero-period relief request within four months. The bench partially granted the writ petition, annulling the August 17, 2017 order that rescinded the April 25, 2011 plot allotment. This…

Latest StoriesRegulatory

SC Issues Notice to Goa Gov, Developer Over Siolim Villas

PANAJI: The Supreme Court has issued notices to the Goa government and a project developer regarding a special leave petition (SLP) that contests a Bombay High Court ruling, which dismissed a public interest litigation (PIL) against the construction of eight luxury villas with private swimming pools in Oxel, Siolim. The notices must be returned by April 13. Petitioner Suraj Chodankar raised concerns that the project lies within 34.5 meters of the Oxel spring—a 363-year-old perennial water source vital for residents. The High Court based its decision on a hydrogeological report from the Central Ground Water Board (CGWB), which indicated that…

Latest StoriesResidential

Delhi Mayor Urges Residents to Clear Property Tax Dues by March 31

New Delhi: Mayor Raja Iqbal Singh has encouraged property owners in the national capital to take advantage of the ‘Sumpattikar Niptaan Yojana’ (SUNIYO) 2025-26, a property tax amnesty scheme that has been extended until March 31. The mayor reported that over 1.8 lakh taxpayers have benefited from the initiative, generating Rs 1,089.97 crore in property tax as of March 1. Among this, Rs 211.44 crore came from more than 1.34 lakh residential properties, while Rs 878.52 crore was collected from 52,759 non-residential properties. Describing it as a “golden opportunity,” he urged eligible taxpayers to settle their pending dues without incurring…

InfrastructureLatest Stories

Developers to Fund 24m Road Land in Gurugram Colonies

Representative AI image GURUGRAM: Chief Minister Nayab Singh Saini announced on Monday that the Haryana government will begin land acquisition to construct long-awaited 24-meter-wide roads in licensed colonies, with costs to be recovered from builders. During his budget speech, Saini emphasized the need for a permanent solution to the issue of narrow access roads, which will be addressed in 2026-27. He pointed out that many licensed colonies currently depend on access roads that reduce to just two karam (approximately 3.3 meters) and four karam (around 6.7 meters) in some locations, creating difficulties for numerous residents. Saini explained that the problem…

Latest StoriesResidential

Ghaziabad body enlists brokers, marketing to sell 1,700 flats

Representative AI image GHAZIABAD: The Ghaziabad Development Authority (GDA) is set to engage brokers and form a marketing team to sell over 1,700 unsold residential units, according to an official announcement. “Currently, there are 1,748 residential units from at least five housing schemes that remain unsold, despite some interest in these 1, 2, and 3 BHK units, as well as mini Low Income Group (LIG) and LIG flats priced up to Rs 70 lakh each,” the official disclosed. This new strategy aims to secure over Rs 500 crore from these properties. Under this initiative, which mirrors tactics often used by…

IndustryLatest Stories

Nagpur: Just 11.7% of ₹190 Crore Property Tax Dues Under Review

NAGPUR: Only 11.7% of the outstanding Rs190.33 crore in commercial property tax dues is currently under warrant action in Nagpur. Among 2,062 non-residential defaulters, warrants have been issued for just 359 properties — a mere 17.4% — highlighting a significant gap between potential revenue and actual enforcement. The data shows that most unpaid commercial property taxes involve high-value properties — those with dues exceeding Rs5 lakh. A total of 229 establishments have defaulted on a staggering Rs157.01 crore. However, warrants were issued against only 53 properties, totaling Rs16.70 crore, leaving 176 major defaulters — responsible for over Rs140 crore —…

IndustryLatest Stories

Haryana Budget: 100% Interest Waiver on Property Tax Until Mar 2025

CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced a complete waiver on outstanding interest on property tax up to March 31, 2025, as part of the 2026-27 budget. While presenting budget proposals in the State Assembly, Saini, who is also the finance minister, highlighted that over 41 lakh (41,70,749) property owners in urban areas have yet to pay their property tax along with the accrued interest. In another key announcement, Saini stated that residential properties will continue to be charged water fees at Rs 1 per kiloliter. Moving forward, metered residential properties covering up to 500 square yards will receive…

InfrastructureLatest Stories

YEIDA to Develop 500-Acre FinTech Hub Near Noida Airport

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has proposed a cutting-edge 500-acre FinTech Hub in Sector 11, near the Noida International Airport, and has released an expression of interest (EOI) for its development. This hub aims to create a premier financial ecosystem and will include essential financial services, transaction processing centers, IT and digital services, and customer support operations, establishing the region as a key FinTech destination. March 18, 2026, is the deadline for submission of applications from potential developers. The EOI also allows for the construction of corporate offices, conference facilities, auditoriums, cultural centers, kiosks,…

Latest StoriesRegulatory

Kanpur to Implement Uniform Mutation Fee Starting March 1

KANPUR: The Kanpur Municipal Corporation (KMC) working committee has approved a new mutation fee. Starting March 1, citizens will only need to pay Rs 6,500 for mutation. This decision comes after a 63-day deliberation process, culminating in the committee’s approval, which favors the public. Previously, KMC regulations required citizens to pay 1% of the property’s total value based on the DM’s circle rate. During a meeting on December 26, 2025, KMC officials discussed the proposal, allowing citizens to voice any objections within a 45-day window. Only two individuals raised concerns, advocating for reduced fees for economically weaker section (EWS) homes.…

Latest StoriesResidential

Sushmita Sen and Mom Lease Mumbai Apartment for ₹1.95 Lakh/月

Sure! Here’s a rewritten version of the content you provided: File Photo NEW DELHI: Sushmita Sen and her mother, Subhra Sen, have listed their apartment in Oberoi Exquisite, Goregaon, Mumbai, for rent at a starting price of ₹1.95 lakh per month. The apartment features a carpet area of 92.5 sq meters (996 sq ft) and a total area of 115.29 sq meters (1,241 sq ft). The agreement includes two parking spaces, with costs comprising a stamp duty of ₹18,900, registration fees of ₹1,000, and a security deposit of ₹6 lakh, as per property registration documents accessed on the Inspector General…