Construction

Mysuru has long been known as a pensioner’s paradise, thanks to its peaceful environment, pleasant climate, and lower cost of living compared to Bengaluru. The city's wide roads, abundant greenery, and slower-paced lifestyle have made it a popular choice for second homes. However, with significant infrastructure development, industrial expansion, and IT growth, Mysuru is gradually shedding its old...

The Supreme Court on Tuesday ruled that developers cannot evade monetary penalties imposed for consumer rights violations under the guise of insolvency proceedings, underlining that allowing such a practice would erode consumer trust and worsen the already vulnerable position of homebuyers due to possession delays and contract breaches. The ruling came while the court dismissed an appeal filed...

MUMBAI: The BMC has amended its Vacant Land Tenancy (VLT) policy, now allowing plots smaller than 125 square meters to be converted into leasehold properties for a period of 30 years. The updated policy is a significant shift from the last amendment of March 2020, which only allowed larger plots to be leased. It is expected to boost the BMC’s revenue from these lands and create more development...

Singer-composer Mika Singh has revealed that he finally got possession of his 99th house after a six-year wait. He told Pinkvilla in an interview that Gauri Khan, Shah Rukh Khan’s wife, designed the apartment on the condition that he wouldn’t question her choices. Mika Singh has told Pinkvilla that Gauri Khan, Shah Rukh Khan’s wife, designed his 99th house on the condition that he...

World Trade Centers Association (WTCA) has said that it has terminated 13 licences held by WTC Noida Development Pvt. Ltd (WTC Noida) and Spire Techpark Ltd due to numerous ‘material violations of license agreements, failure to adhere to the bylaws of the WTCA as well as inability to advance the objectives of the Association,’ the company said in a statement on March 4. World Trade Centers...

Unperturbed by the Amrapali fiasco, cricketer Mahendra Singh Dhoni's family office has invested in SILA, a real estate platform. Cricketer Mahendra Singh Dhoni's family office has invested in SILA, a real estate platform. SILA did not disclose the amount invested. This development was confirmed in a statement by SILA and MS Dhoni’s family office. SILA did not disclose the amount...

Real estate company Embassy Developments Ltd has appointed Jitendra Virwani as its chairman and Aditya Virwani as the new managing director. Real estate company Embassy Developments Ltd has appointed Jitendra Virwani as its chairman. In a regulatory filing on March 4, Embassy Developments informed that the Board of Directors has approved the appointment of Jitendra Virwani as Chairman of the...

Bengaluru's rental market has rebounded significantly four years after the pandemic. Initially, a mismatch between supply and demand drove rents up, with landlords making unusual demands, such as requesting LinkedIn profiles and salary slips. However, the market is stabilizing, with more rental units available and a 5% price correction. Meanwhile, rentals in the outskirts, such as Whitefield's eastern...

Thirty-nine-year-old Kunal Shah recently purchased a 2 BHK apartment in Mumbai's western suburbs for around ₹2 crore. His home search began nearly five years ago, following the COVID-19 lockdown. However, by the time he secured the necessary funds, property prices in Mumbai had risen significantly, making the purchase more challenging. Mumbai real estate market shows signs of moderation,...

The Yamuna Expressway Industrial Development Authority (Yeida) has approved several key suggestions, including a proposal to allow over 8,000 property buyers to pay in four installments the additional 64.7% farmers’ hiked compensation over their acquired land for Jewar airport, a report published in the Hindustan Times said on March 4. YEIDA to permit as many as 8000 property owners to pay...