Category: Latest Stories

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Latest StoriesResidential

Record Prices for Kukatpally Housing Board Plots and Flats

HYDERABAD: The auction conducted by the Telangana Housing Board for open plots in Kukatpally Housing Board (KPHB) on Friday witnessed an astonishing sale of land, with a square yard fetching a record price of ₹2.65 lakhs, surmounting the set upset price of ₹1.30 lakhs per square yard. A total of four open plots in Phases I and II of Dharma Reddy Colony, along with eight flats in Sampoornam Apartment, Phase-15 of KPHB, were auctioned. While the highest price per square yard reached ₹2.65 lakhs, another plot sold for ₹2.41 lakhs per square yard. In a similar vein, a flat in…

IndustryLatest Stories

Delayed Policy Execution Hinders Investment: NAREDCO Chair

INDORE: Delays in the implementation of urban development policies are hindering growth and discouraging private investments, stated Dr. Niranjan Hiranandani, Chairman of NAREDCO, during a discussion on Friday. He highlighted issues related to master planning and stamp duty structures in Madhya Pradesh. “If policies are passed but executed with delays, development will stagnate and investments will decline,” he explained, noting that uncertainty in planning frameworks adversely affects capital flow into real estate and infrastructure. He pointed out that the Development Plan for Bhopal expired in 2005 and a revision is still pending. Similarly, Indore’s master plan expired in 2021. “This…

CommercialLatest Stories

Executive Centre Secures 200,000 Sq Ft in HITEC City, Hyderabad

The Executive Centre India has secured a lease for 200,000 sq ft of premium office space in the Avance Business Hub (H09), HITEC City, Hyderabad, from Phoenix Infocity Private Limited. This agreement, formalized in a lease deed on February 6, 2026, and registered on February 20, 2026, highlights the growing need for flexible workspaces in major IT hubs across India, according to documents from Propstack. The lease encompasses the third and fourth floors (office levels 8 and 9) of the warm-shell condition building in Gachibowli Village, Serilingampally Mandal. With a base rent of ₹110 per sq ft per month, the…

CommercialLatest Stories

SBI Acquires 1.35 Lakh Sq Ft Office in Navi Mumbai

MUMBAI: The State Bank of India (SBI), the country’s largest lender, has secured approximately 135,000 square feet of office space across six floors in a commercial tower located in Navi Mumbai’s Airoli area through a long-term lease. This space will serve as the bank’s global IT center. The agreed rent is Rs 125.05 per square foot per month, amounting to a monthly expense of over Rs 1.68 crore. Importantly, this rent includes fit-outs, ensuring the space will be ready-to-use, thus minimizing initial capital costs and expediting the operational setup. As part of the lease agreement, SBI has made a security…

Latest StoriesRegulatory

NBCC to Seek Supreme Court RERA Exemption for 11 Supertech Projects

NEW DELHI: State-owned NBCC is preparing to approach the Supreme Court for an exemption from RERA registration, as 11 out of the 16 Supertech projects it is required to manage will need additional funding, according to sources familiar with the situation. The Supreme Court recently upheld an NCLAT ruling requiring NBCC to complete 16 housing projects managed by the financially troubled Supertech Limited. However, upon review, NBCC identified that funds would need to be reallocated to finish these projects, which is not permitted under RERA regulations. “The NCLT lacks the authority to grant RERA exemptions, which are crucial for delivering…

Latest StoriesRegulatory

Bombay HC Orders Developer to Withdraw Anticipatory Bail Plea

MUMBAI: The Bombay High Court has admonished a developer for approaching it while his anticipatory bail application was still under consideration at the Dindoshi Sessions Court, emphasizing that he should seek relief from the appropriate forum first. The court instructed the accused to promptly withdraw his anticipatory bail petition from the High Court and to pursue options available in the Sessions Court. Justice N.R. Borkar was hearing the bail plea from Housecon developer Mansukh Shah, who, along with his son Akash Shah, has been charged by the Economic Offences Wing (EOW). They allegedly induced a businessman to invest ₹5.15 crore…

IndustryLatest Stories

Chandigarh Forms New Panel for Rehabilitation Colony Decisions

CHANDIGARH: The Chandigarh administration has established a new committee to assess the future of approximately 35,000 housing units in the city’s rehabilitation colonies. This decision comes as residents continue to demand ownership rights and disputes over illegal transfers and occupancy persist. The committee is tasked with evaluating the current status of these properties, examining the legal framework that governs them, and reviewing approaches taken by other cities to deal with similar issues within rehabilitation schemes. Chief Secretary H Rajesh Prasad confirmed the committee’s formation and has instructed them to submit their findings promptly. The administration will make its final decision…

Latest StoriesRegulatory

HC Orders Reinspection of Stormwater Drains near Apartments

BENGALURU: The high court has instructed the Bruhat Bengaluru Mahanagara Palike (BBMP), now known as the GBA, to reassess lands in Gubbalala village, Bengaluru South taluk, where two apartment complexes are located. This comes after a government-commissioned expert committee reported encroachments into stormwater drains. In his ruling, Justice R Nataraj stated that if the petitioners suggest an alternative drain alignment, the GBA must review it to ensure the unobstructed flow of water into Subramanyapura Lake, while also considering the interests of adjacent landowners. The judge added that should the petitioners fail to submit an alignment proposal within 15 days from…

IndustryLatest Stories

Jharkhand Housing Board Warns Dhoni Over Plot Misuse

File Photo RANCHI: The Jharkhand State Housing Board has sent a notice to former India cricket captain Mahendra Singh Dhoni regarding the alleged misuse of a residential plot in Ranchi, according to an official statement made on Friday. The notice accuses Dhoni of using the plot, which was allocated for residential purposes, for commercial activities. “A residential plot was allotted by the Jharkhand State Housing Board to cricketer Mahendra Singh Dhoni, but it has been found to be used for commercial purposes. We have issued a notice to him for violating the rules and regulations,” said Sanjay Lal Paswan, chairman…

Latest StoriesResidential

AP CM vows housing for all poor by 2029

AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu announced on Friday that his government is committed to providing housing for all the poor by 2029. He plans to allocate housing plots for those without land. In his address to the Assembly, Naidu urged eligible beneficiaries who have yet to receive a house to apply. He assured that both the central and state governments would shoulder the responsibility of housing for all. “We are dedicated to constructing homes for all the poor by 2029 and providing housing plots to those who lack land,” Naidu stated, emphasizing the government’s goal to house…