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.

InfrastructureLatest Stories

Private Firms to Develop IT Infrastructure in Technocity

THIRUVANANTHAPURAM: Technopark is actively seeking infrastructure developers and co-developers to partner in the construction of premium IT and ITeS infrastructure at Technopark Phase IV, also referred to as Technocity. This initiative is part of the efforts to draw private investment into the rapidly growing technology sector of the capital. The proposal includes long-term leases for government-owned, encumbrance-free land parcels designated for IT buildings and integrated technology spaces. A total of 11 plots have been earmarked for this purpose, ranging in size from 69 cents to 4 acres, with some parcels already reserved. This initiative responds to the increasing demand for…

InfrastructureLatest Stories

Gurugram: 850 Shanties Demolished in DTCP’s Drive at Saraswati Kunj

GURUGRAM: The ongoing demolition campaign in Saraswati Kunj, Sector 53, has entered its second day, led by district town planner Amit Madholia. Over 42 plots have been cleared, and approximately 650-670 illegal shanties have been demolished across 4.2 acres along the Golf Course Road. Officials reported that the Department of Town and Country Planning (DTCP) plans to conduct further demolitions in the upcoming days as part of a larger initiative to reclaim public land and suppress illegal constructions in Gurgaon’s high-value urban areas. On Monday, nearly 200 shanties were demolished, spanning 2.5 acres across more than 22 plots near Khatu…

CommercialLatest Stories

Intuit Signs ₹915 Crore Lease for 6.3 Lakh Sq Ft in Bengaluru

US-based financial software company Intuit has finalized a deal exceeding Rs 915 crore to lease over 630,000 sq ft of office space within a commercial tower in Bengaluru’s Embassy Tech Village. This transaction is among the largest focused on Global Capability Centres (GCC) in the city, underscoring the ongoing strength in India’s office leasing sector, particularly from GCC businesses expanding their engineering, AI, fintech, and product development teams. Intuit has secured approximately 631,978 sq ft across blocks 8A, 8B, and 8C in the tower from Vikas Telecom, a special purpose vehicle of Embassy Office Parks REIT, through a 10-year lease,…

Latest StoriesRegulatory

Hyderabad: EOW probes Saket Engineers for villa fraud

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated legal action against Saket Engineers, a real estate company that developed villas and flats near Kompally, following allegations of fraudulent practices involving mortgaging occupied properties as ‘unsold inventory’ to secure a 30 crore loan. The case, registered on May 12, stems from a complaint by A Rohit Reddy, a resident of Gowdavalli in Medchal-Malkajgiri district. Rohit claims that the company’s directors unlawfully mortgaged his villa number 94. He asserts that the land for the real estate project originally belonged to his family, and they entered a development agreement with Saket Engineers…

Latest StoriesRegulatory

U.P. Minister Takes Action Against Errant Noida Builders

LUCKNOW: Nand Gopal Gupta Nandi, the state’s industrial development minister, urged officials on Tuesday to take stringent measures against builders who default on their obligations and expedite the resolution of issues between builders and buyers in Noida. He also raised concerns regarding alleged irregularities in project allocations and civic contracts. During a review of various projects under the Noida Industrial Development Authority, Nandi emphasized the need to resolve stalled housing projects and pending flat registrations promptly. Officials informed him that 57 projects were now governed by the policy framework established by the Amitabh Kant Committee, with 36 builders having deposited…

Latest StoriesRera

UP-RERA Approves 13 Projects Worth ₹3,052 Crore for Buyers

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has approved 13 real estate projects, cumulatively estimated at ₹3,052.73 crore, across eight districts in the state. The projects, approved during the authority’s 202nd meeting, will include a total of 4,772 residential and commercial units. Notably, Ghaziabad received the highest number of approvals, with four projects amounting to ₹1,936.72 crore. This includes three commercial developments and one residential project, totaling 2,199 units. In Gautam Buddh Nagar, one commercial project was approved with an estimated investment of ₹420.50 crore, which will consist of 855 commercial units. Agra saw the approval of…

IndustryLatest Stories

WSB Invests ₹75 Crore in Omaxe; Karyan to Invest ₹900 Crore

NEW DELHI: WSB Partners, an investment firm specializing in real estate, has invested ₹75 crore in Omaxe Group’s residential plotted projects in Ujjain and Indore. This funding is primarily intended for growth capital, with a portion also earmarked for working capital and reserves. In a related update, NCR-based Karyan Group plans to invest ₹900 crore to develop Trevana Residences, a residential project in Ghaziabad, expecting nearly ₹1,500 crore in revenue from the development. The project will include 608 units in 3BHK and 4BHK configurations, starting at ₹8,995 per sq ft, with completion targeted for 2030. Mahindra Lifespaces Launches New Phase…

InfrastructureLatest Stories

Green nod delay stalls Thiruvananthapuram airport expansion

THIRUVANANTHAPURAM: The expansion of the international terminal (T2) at Thiruvananthapuram International Airport has encountered a procedural setback due to delays in obtaining environmental clearance (EC) from the state environment impact assessment authority (SEIAA). Airport authorities submitted their application for environmental clearance last November, but it was not reviewed by the state environment impact assessment committee (SEIAC) until May 8, after necessary verification procedures were completed. Following SEIAC’s review, the proposal will return to SEIAA for a final decision. Additionally, with the new government possibly reconstituting SEIAA members, further delays are anticipated, according to sources. This has postponed the anticipated start…

Latest StoriesRegulatory

Rajkot collects ₹152 crore in advance taxes in 40 days

RAJKOT: The Rajkot Municipal Corporation (RMC) has successfully collected Rs 153 crore in advance property and water taxes for the financial year 2026-27 within just 40 days. As of May 18, 2.43 lakh taxpayers have settled their dues since the tax collection initiative started on April 7. The RMC’s total tax collection for the last financial year was Rs 448 crore. Digital payments have taken the lead in tax collection, with 1.86 lakh citizens choosing to pay online, bringing in Rs 111.21 crore. In contrast, 57,731 taxpayers opted for traditional payment methods, contributing Rs 42 crore through cheques and cash.…

IndustryLatest Stories

NeoLiv buys 76 acres in Khopoli for villa project development

Representative image Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development. This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative. The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore. “This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in…