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 StoriesResidential

Post-HC Setback, Ghaziabad Residents Want Political Fix for Taxes

GHAZIABAD: The Allahabad High Court recently upheld the Ghaziabad Municipal Corporation’s (GMC) decision to raise property taxes. Former councillors are now seeking political avenues to reverse this decision, while still considering a legal challenge. Rajendra Tyagi, a co-petitioner and former GMC councillor, mentioned they plan to approach the Supreme Court within the next 90 days to contest the ruling from February 25, although he expressed a preference for a political solution. “Going to the Supreme Court is a lengthy process. We prefer resolving it politically for the greater good,” Tyagi stated. The debate revolves around a new property tax structure…

IndustryLatest Stories

Rajasthan Housing Board Revenue Tops ₹1,000 Crore; 2026 Launches Planned

JAIPUR: The Rajasthan Housing Board (RHB) has significantly increased its revenue in FY26, surpassing ₹1,000 crore, largely due to successful commercial auctions and enhanced asset monetization, as stated by commissioner Rashmi Sharma in an exclusive interview with Ankit Sharma. The autonomous body, primarily serving affordable and mid-income segments, is launching new residential schemes across Jaisalmer, Jodhpur, Alwar, the NCR region near Bhiwadi, and selected emerging towns in Rajasthan. The board is also exploring innovative development models, including potential private partnerships, to expand its capacity while ensuring affordability. Below are edited excerpts from the conversation: What was 2025 like for the…

IndustryLatest Stories

Big FM Ventures into Real Estate Market

NEW DELHI: Big FM, part of Reliance Broadcast Network, has ventured into the Indian real estate market with its new division, Big FM Realty. The company aims to achieve a revenue target of ₹3,500-₹4,000 crore over the next three years. It has acquired around 80 acres of land on the Lucknow-Bahraich Road in Bahraich, Uttar Pradesh. This mixed-use township development is expected to generate approximately ₹1,200 crore in revenue. Published On Mar 2, 2026 at 02:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your…

InfrastructureLatest Stories

Bhopal and Indore Master Plan for Metro Region on Hold

BHOPAL: Plans for the master development of Bhopal and Indore are currently on hold as the Madhya Pradesh government aims to finalize metropolitan region strategies for the two cities, as confirmed by a state minister earlier this week. The plans were completed approximately a year and a half ago but may be revised to align with forthcoming metropolitan area proposals. Urban development and housing minister Kailash Vijayvargiya shared these updates with the state assembly on February 24. “Our department finished the master plan about a year and a half ago; it is ready,” Vijayvargiya mentioned. He also noted recent discussions…

InfrastructureLatest Stories

Ambala Cantonment Set for Metropolis Status with 7 New Sectors

Representative AI image AMBALA: Haryana Minister Anil Vij has unveiled an urban expansion plan for Ambala Cantonment, announcing the commencement of development for seven new sectors under the Haryana Shehri Vikas Pradhikaran (HSVP). This initiative is anticipated to significantly enlarge the city’s footprint, enhance residential and civic infrastructure, and position Ambala Cantt as a metropolitan hub. Grateful for the support of Haryana Chief Minister Nayab Singh Saini, Vij praised the state government’s commitment to accelerated infrastructure development, calling it a vital step toward modern urban progress. The seven sectors will span around 1,000 acres across the Ambala Cantt constituency and…

Latest StoriesResidential

Wayanad Landslide Survivors Move to New Homes in Model Township

File Photo WAYANAD: The Kerala government provided a new beginning for 178 families affected by the Mundakkai-Chooralmala landslide by handing over new homes on Sunday. Chief Minister Pinarayi Vijayan inaugurated the initial phase of the Wayanad Model Township at Elton Estate, marking the end of a long displacement for families who had resided in temporary and rented accommodations. Vijayan presented the township, equipped with essential amenities, to the beneficiaries, highlighting it as a “testament to Kerala’s commitment to building back better”. During this first phase, homes were allocated to families whose residences were entirely destroyed in the July 30, 2024…

Latest StoriesResidential

Mumbai: BMC Seeks Property Tax Relief for 700 sq ft Homes

MUMBAI: Last Friday, the civic House passed a notice of motion (NoM) proposing to raise the property tax exemption limit for residential units from 500 sqft to 700 sqft. BMC officials emphasized that an NoM is not binding on the administration; the proposal will be reviewed by civic administration. It could be approved, altered, referred to committees, or simply acknowledged. Currently, approximately 3.6 lakh properties in Mumbai are exempt from property tax due to their carpet area being under 500 sqft. This policy was initiated in 2022 by BMC following a directive from the state government. Property tax serves as…

Latest StoriesRera

J&K RERA Aims for 100 Project Registrations Before New Plans

Satish Chandra, Chairman, Jammu & Kashmir RERA NEW DELHI: The Jammu & Kashmir Real Estate Regulatory Authority (J&K RERA), which commenced operations in January 2024, is prioritizing structural reforms, master plan updates, and stricter enforcement of layout regulations to formalize and grow the Union Territory’s real estate market. In an exclusive conversation with Ankit Sharma, Chairman Satish Chandra shared a strategic plan that includes revising master plans for Jammu and Srinagar, monetizing a 450-acre land parcel in Srinagar, mandatory registration of government agencies, and enforcing unified building bylaws to prevent unplanned development. Edited excerpts follow: J&K RERA was established later…

InfrastructureLatest Stories

Chandigarh to Revise Master Plan 2031

CHANDIGARH: The Chandigarh administration is set to initiate the first revisions to the Chandigarh Master Plan-2031 (CMP-2031) since it was established over ten years ago. This initiative is part of a broader reform effort aimed at modernizing the city’s urban planning and optimizing the limited land resources. UT Chief Secretary H Rajesh Prasad has instructed the urban planning and estate departments to prepare a preliminary draft for the master plan amendments within 10 days. This initiative aligns with the central government’s “Deregulation 2.0” strategy, aimed at reducing regulatory barriers, improving the business climate, and fostering more effective land use in…

Latest StoriesResidential

Kerala CM to Hand Over Keys to 178 Houses on March 1

KOCHI: Chief Minister Pinarayi Vijayan will inaugurate the model township project aimed at rehabilitating survivors of the Mundakkai-Chooralmala landslides in Wayanad on Sunday. In the first phase, 178 families who completely lost their homes in the disaster will receive new houses. They will start moving into these homes near Kalpetta once the Chief Minister hands over the keys. The single-storey houses, covering an area of 1,000 sq. ft., have been designed with foundations that allow for a potential second floor in the future. Each house features a master bedroom, two additional rooms, a sit-out area, a living room, a study,…