Category: Latest Stories

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IndustryLatest Stories

White Flower Developers to Buy 6,000 sq m Land in Goa for ₹65 Cr

Representative image created by AI NEW DELHI: White Flower Developers plans to venture into the Goa real estate market, acquiring 6,000 sq meters of land for ₹65 crore to develop three villa projects in Assagao, Tivim, and Siolim. The Assagao project will consist of five villas with an estimated value of ₹60 crore and a development area of 2,500 sq meters, while the Tivim project will feature eight villas estimated at ₹50 crore. The company is also set to acquire Igreha Vaddo, a 150-year-old Portuguese-style heritage villa in Siolim, covering 1,200 sq meters and valued at ₹20 crore. In total,…

IndustryLatest Stories

Sundaram Alternates Raises ₹2,500 Crore for Real Estate Fund

NEW DELHI: Sundaram Alternates has successfully finalized its fifth real estate credit fund, SA Real Estate Credit Fund V, with a total corpus of ₹2,500 crore. Launched in October 2025, the fund surpassed its initial target of ₹1,500 crore and has already allocated over 90% of the raised capital across various investment transactions. The Sundaram Finance Group serves as the sponsor for this fund, which adopts a performing credit strategy that targets senior-secured, amortizing, and cash-generating debt opportunities primarily in brownfield residential projects. With this latest fund, Sundaram Alternates has amassed a total of over ₹5,500 crore across its real…

CommercialLatest Stories

WeWork India Reports ₹52.89 Crore Net Profit in FY26

NEW DELHI: WeWork India Management has announced a net consolidated profit after tax of ₹52.89 crore for the financial year 2025-26. The company reported a net consolidated total income of ₹2,490.42 crore in FY26, as stated in a BSE filing. In Q4 FY26, the net consolidated total income was ₹715.35 crore, with a profit after tax amounting to ₹44 crore. WeWork India concluded FY26 with 8.6 million sq ft across 76 centers in 8 cities, and a total committed footprint of 11.6 million sq ft, reflecting a 39% year-on-year increase in signed leases and LOIs. Operational desk capacity reached 126,900…

IndustryLatest Stories

India’s Real Estate Needs ₹50 Lakh Crore by 2036: Report

NEW DELHI: According to a report from Anarock Capital, India’s real estate sector will need nearly ₹50 lakh crore in capital over the next decade to sustain its growth. The report points to a shift in the sector’s financing landscape, evolving from a fragmented, NBFC-led model to a more organized, institutional framework supported by banks, alternative investment funds, real estate investment trusts, private credit, and government initiatives. However, it highlights that capital is primarily concentrated among established developers and in major metropolitan areas, which results in disparities in affordable housing, smaller developers, and tier II and III cities. Despite a…

InfrastructureLatest Stories

KIADB Acquires 838 Acres for Phase II in Chamarajanagar

Representative image MYSURU: The Karnataka Industrial Area Development Board (KIADB) has successfully acquired 838 acres for the Phase II expansion of the Kellamballi-Badanaguppe Industrial Area in Chamarajanagar district. Initially, KIADB had notified 1,189 acres for acquisition. The majority of landowners have received compensation, with the remainder to follow once legal disputes are resolved. Officials have indicated that development has commenced on part of the acquired land for the creation of industrial plots. With Phase I largely occupied, the government is intensifying its expansion efforts to attract more investors to the region. The initiative was originally launched by former Chamarajanagar district…

Latest StoriesResidential

E-Khata, Kaveri 2 Disrupt Property Deals in Belagavi

BELAGAVI: Belagavi MP Jagadish Shettar has urged state revenue minister Krishna Byre Gowda to take immediate action on the severe disruptions in property transactions caused by recent updates to the e-Khata and Kaveri 2 systems, stressing the potential for significant economic and administrative consequences. In his detailed appeal, Shettar pointed out how the real estate and construction sector—critical for employment and state revenue through various taxes—has suffered considerably, estimating a revenue loss of around Rs 5,000 crore for the 2025–26 fiscal year. A significant issue revolves around properties under perpetual leases in key areas such as Tilakwadi, Nehrunagar, Mujawar Galli,…

InfrastructureLatest Stories

Uttarakhand to build first construction waste plant in Dehradun

Representative AI image DEHRADUN: The Dehradun Municipal Corporation (DMC) announced on Monday that the first construction and demolition waste processing plant in Uttarakhand will be established at Mothrowala, with the land secured and environmental clearance obtained. Deputy municipal commissioner Tanvir Marwah confirmed that the pollution control board has approved the chosen site and the tendering process is currently in progress. “The project is expected to take at least four months to complete,” he stated. Currently, the civic body collects about 150 metric tonnes of construction waste monthly. When asked if an official dumping ground for construction debris has been established,…

IndustryLatest Stories

IRDAI to Relax Rules for Insurance Investment in REITs, InvITs

The insurance regulator is currently reviewing a proposal to relax investment regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). This comes in response to strong investor interest in recent infrastructure offerings, such as the ₹6,000 crore Raajmarg InvIT issue launched in March, which has amplified the call for increased insurer involvement in long-term yield assets. Currently, insurers are limited to a maximum of 3% investments in both REITs and InvITs. The Insurance Regulatory and Development Authority (IRDAI) is considering a proposal that would raise the combined exposure limit to 6%, permitting insurers to allocate investments across…

InfrastructureLatest Stories

Union Minister: Centre Open to 50:50 Funding for Hyderabad Metro II

HYDERABAD: Union Coal Minister G Kishan Reddy announced on Wednesday that the Centre is generally agreeable to participating in the second phase of the Hyderabad Metro project, sharing costs with the state government on a 50:50 basis. During a review of key development projects in Hyderabad with Union Minister for Housing and Urban Affairs Manohar Lal in Delhi, Reddy was informed by Lal that the Centre would consider the state government’s proposal for the 162-km second phase positively. Lal also mentioned that a final decision would be made once the Detailed Project Report (DPR) and other technical details are received…

IndustryLatest Stories

Adani, Reliance, Lodha, JSW vie for 206-acre Mumbai project

Realty developers such as Adani Properties, Reliance 4IR, Lodha Developers, and JSW Realty & Infrastructure have placed bids to redevelop three significant housing colonies covering over 206 prime acres in Mumbai’s key neighborhoods: Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority (MHADA) opened technical bids for these projects on Tuesday, covering 98.27 acres at Bandra Reclamation, 73.89 acres at Sardar Vallabhbhai Patel (SVP) Nagar in Andheri West, and 34.33 acres at Adarsh Nagar in Worli. On April 8, the Mumbai Housing and Area Development Board, a unit of MHADA, issued tenders to appoint construction and…