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Faced with a sharp fall in property registration revenue, the Karnataka government is weighing a 1% increase in stamp duty charges. This move, if enacted, will mark the first revision since 2013 and could push the total registration cost from 6.6% to 7.6% for property buyers. At the same time, real estate activity in Bengaluru … Read more

In a major push to enhance urban infrastructure and services, the Government of Gujarat has sanctioned a substantial ₹3,395 crore under the Mukhyamantri Sheheri Vikas Yojana. The funding will target urban mobility, infrastructure improvements, and service upgrades in both core cities and their rapidly expanding outgrowth areas. The 2025 initiative aligns with the state’s broader … Read more

In a significant pivot in India’s urban development policy, the Union government has decided to shelve its ambitious ₹8,000-crore greenfield cities scheme recommended by the 15th Finance Commission. Instead, the focus is shifting toward upgrading existing small cities and promoting brownfield developments as part of a more sustainable and economically viable urban growth model. This … Read more

In a significant move poised to impact lakhs of housing society residents, the Maharashtra government has proposed a set of revised rules for cooperative housing societies aimed at simplifying operations, empowering members, and enhancing transparency. As per a report by Hindustan Times, the draft rules promise reduced financial strain on residents, modernization of procedural norms, … Read more

Ar. Tripat Girdhar, Principal Architect at Arete Design Studio, has partnered with Garg Builders and Promoters LLP to unveil an architectural marvel—Marbella Royce, a 42-storey ultra-luxury residential tower in Sector 83A, IT City, Mohali. Poised to become North India’s tallest residential tower, Marbella Royce stands as a beacon of modern design, advanced engineering, and sustainable … Read more

In a welcome move for aspiring homeowners, the Maharashtra Housing and Area Development Authority (MHADA) has revised prices for over 6,200 affordable housing units under the Pradhan Mantri Awas Yojana – Urban (PMAY-U) in Thane district. The Konkan Housing and Area Development Board has slashed or adjusted flat prices in the Shirgaon and Khoni areas … Read more

India’s real estate investment trust (REIT) market is making headlines again with Knowledge Realty Trust (KRT), co-sponsored by Sattva Group and Blackstone, securing ₹1,400 crore in a pre-IPO round. Set to become India’s largest REIT in terms of Net Operating Income (NOI) and Gross Asset Value, KRT is targeting ₹6,200 crore through its IPO. However, … Read more

In a landmark development, the Haryana government is moving forward with plans to dissolve the state’s Housing Board—an institution that has served the economically weaker sections of society since its establishment in 1971. The board, known for its no-profit-no-loss model of affordable housing, is set to be merged with the Haryana Shahari Vikas Pradhikaran (HSVP), … Read more

Omaxe Ltd., one of India’s leading real estate developers, has announced the launch of its latest integrated township project, New Amritsar, with a whopping investment of over ₹1,000 crore in the first phase alone. Strategically located just 12 minutes from the revered Golden Temple, the project underscores Omaxe’s ambitious plans to reshape urban living in … Read more

The office real estate landscape in India is witnessing significant expansion driven by American companies, particularly through the growth of Global Capability Centers (GCCs). In 2024, US firms not only deepened their presence but also diversified their sector focus beyond technology into BFSI and manufacturing. With Bengaluru, Hyderabad, and Delhi NCR leading the charge, India … Read more