DOWNLOAD IPFS The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has taken a bold step toward transforming the Vizag metropolitan area with plans for four theme-based townships. These integrated, self-sustained urban clusters, covering around 500 acres in total, are designed to promote a “walk-to-work” lifestyle while stimulating sector-specific growth. The proposed[Read More…]

DOWNLOAD IPFS West Bengal Real Estate Appellate Tribunal (WBREAT) has directed a developer to repurchase a flat sold nearly two decades ago after it was found that the property lacked a mandatory completion certificate. The flat, located in the Nagerbazar area near Kolkata, was purchased by Sibsankar Koley from developer[Read More…]

DOWNLOAD IPFS Real estate developer Central Park has announced plans to launch an initial public offering (IPO) for its realty arm by early 2027. Chairman and Managing Director Amarjit Bakshi said the move is part of a succession strategy and aims to enhance accountability and transparency within the organization. The[Read More…]

DOWNLOAD IPFS A recent high court judgment has reinforced the authority of co‑operative societies formed under the Real Estate (Regulation and Development) Act (RERA) to manage apartment complexes, granting them the legal power to represent allottees and oversee shared areas. The case involved the Commune 1 Apartment Co‑operative Society, established in[Read More…]

DOWNLOAD IPFS Residents of Hinjewadi have raised serious concerns over unsafe and dirty roads caused by construction activities, prompting authorities to initiate a cleanup operation and consider stricter regulations for transport at construction sites. The Maharashtra Industrial Development Corporation (MIDC) recently stepped in to address mounting complaints about muddy roads[Read More…]

DOWNLOAD IPFS As the race for prime real estate intensifies, developers are targeting South Mumbai’s elite housing societies with high-end redevelopment proposals, offering lucrative deals along with 5-star lunches and presentations to win over residents. Societies in upscale localities such as Walkeshwar, Malabar Hill, Nepean Sea Road, and Altamount Road[Read More…]

DOWNLOAD IPFS Authorities in Vijayawada have set up a Vacant Land Tax Committee (VLTC) with the aim of recovering more than ₹870 crore in unpaid tax from landowners across the city. This move comes in response to the Vijayawada Municipal Corporation’s (VMC) poor tax collection performance during the 2024-25 financial[Read More…]

DOWNLOAD IPFS The Income Tax Department has initiated a detailed investigation into underreported high-value property transactions, uncovering large-scale discrepancies that point to potential tax evasion. According to a report by the Economic Times, the department has identified several instances where property sales worth over ₹30 lakh were not reported under[Read More…]

DOWNLOAD IPFS The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $150 million equity investment in the H-DREAM Fund, an initiative managed by HDFC Capital Advisors. This investment marks a significant move to bolster affordable and mid-income housing projects in India with a strong[Read More…]

DOWNLOAD IPFS Lavasa Corporation, the troubled hill city project near Pune, has reopened its bidding process after creditors decided to extend the resolution deadline. This decision was made following a revised and higher offer submitted by Valor Estate, one of the interested bidders, after the original cutoff date. The Committee[Read More…]