Sealing drive leaves young execs 'homeless'

Young professionals in Gurgaon's DLF-3 faced sudden displacement as authorities resumed a sealing drive against illegal constructions. Residents of paying guest accommodations and rented flats were given mere hours to pack and leave their homes, often discovering the crackdown upon returning from work. This action follows court orders targeting buildings violating approved plans and operating unauthorized PGs.

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Bengaluru’s next decade to be driven by infrastructure-led growth: Shriram Properties' CMD

The Shriram Properties Chairman and Managing Director said Bengaluru remains India’s fastest-growing urban centre, driven by talent, employment generation and infrastructure investments that will unlock new real estate opportunities across the city.

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SRA identifies 18 more clusters across Mumbai region for redevelopment

The Slum Rehabilitation Authority (SRA) has identified 18 more slum clusters across the Mumbai Metropolitan Region for redevelopment under Maharashtra’s Slum Cluster Area Redevelopment Scheme, buoyed by strong investor interest in its pilot project in Andheri (West).

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Can’t delay conveyance over future TDR use: Bombay HC

The Bombay High Court has ruled that housing societies can receive unilateral deemed conveyance of land, even if future development potential on public amenity plots is involved. Justice Sandeep Marne stated that conveyance shouldn't be delayed until the municipal corporation acquires such land. The court modified a previous order, directing conveyance of four acres instead of five, while allowing the builder to claim benefits like TDR for reserved land portions.

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Tech Mahindra leases four lakh sq ft office space in Hyderabad

In a major real estate development, Tech Mahindra has secured 4 lakh sq ft of office space in Hyderabad with a 10-year lease, reinforcing the city's position as a tech hub. This decision reflects the vibrant demand for premium office spaces among technology firms. The company's investment highlights Hyderabad's attractiveness as a primary location for large corporations looking for seamless expansion and reliable long-term occupancy.

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Tamil Nadu government halts ₹2,000 crore Brigade's housing project near Pallikaranai Ramsar site

Construction on Brigade Enterprises' Rs 2,000-crore housing project in Perumbakkam has been halted. The Tamil Nadu government found work began without mandatory permission from the Tamil Nadu State Wetland Authority. The project is alleged to be within the Pallikaranai Ramsar Wetland Site. The environmental clearance was revoked. Brigade Enterprises plans to appeal the order.

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Homebuyers bear the brunt as property registration stuck over deed workers’ strike in NCR

Homebuyers in Greater Noida face significant delays in property registration due to an ongoing strike by lawyers and deed writers protesting the UP government's e-registration initiative. Despite a clarification limiting e-registration, the deadlock persists, leaving hundreds of buyers unable to legally own their purchased properties and incurring financial burdens.

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