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• Knowledge Realty Trust’s ₹4,800 crore IPO to open on August 05, 2025

  Knowledge Realty Trust REIT has announced its IPO. The price is set between ₹95 and ₹100 per unit. The IPO will open on August 5, 2025, and close on August 7, 2025. The minimum bid size is ₹15,000. The REIT's portfolio includes 29 grade A office properties across six cities.

  

• Nexus Select Trust net operating income up 11.65% in Q1 FY26

  Nexus Select Trust announced a robust 11.65% surge in net operating income, reaching ₹460.20 crore for Q1 FY26. Distributions of ₹2.230 per unit were declared. While total income grew by 11.92% to ₹647.89 crore, net profit saw a 14.32% dip, settling at ₹119.58 crore. The company's net worth stood strong at ₹13,955.38 crore.

  

• NGT issues notices to Haryana government over environmental violations in Aravalis

  The National Green Tribunal addressed environmental violations in Gurgaon's Aravali forest, acting on a petition citing encroachment and illegal construction. Notices were issued to Haryana government departments following allegations of unauthorized buildings, parking lots, borewells, and pollution. The petition seeks demolition of illegal structures, wildlife corridor protection, and a monitoring committee, with a hearing scheduled for October 29, 2025.

  

• Silchar civic body to penalise those dumping construction waste in open spaces

  The Silchar Municipal Corporation (SMC) has initiated a strict crackdown on the illegal disposal of construction and demolition waste to enhance cleanliness and urban aesthetics. Penalties, including fines and legal actions, will be imposed on individuals and entities found dumping materials on public spaces.

  

• Auto mutation of properties in Vijayawada to come into force from August 1

  Vijayawada Municipal Corporation will implement 'auto mutation of properties' from August 1, integrating registration and municipal administration software. This initiative, part of the ease of doing business reforms, allows title changes during property registration, collecting dues and charges upfront. Citizens are urged to include their property tax assessment number for seamless auto-mutation.

  

• Visakhapatnam civic body introduces auto-update system for property tax records

  Visakhapatnam introduces automatic property tax ownership transfers. New owners need not visit the GVMC office. The system integrates registration and tax departments. Mutation charges are payable at the sub-registrar office. The GVMC property tax database will update automatically. This initiative saves time and effort for citizens. The new system implementation starts from August 1.

  

• Lucknow: 21 years on, man yet to get possession of plot in LDA scheme

  Harish Chandra Agarwal, among others, awaits possession of LDA plots in Ramnagar since 2004, allegedly due to encroachment by a local strongman. During LDA Nagrik Suvidha Diwas, Divisional Commissioner Roshan Jacob ordered a survey and eviction drive if encroachment is confirmed. Other grievances included unauthorized mobile towers and fire safety issues.

  

• GCCs taking to ‘hub plus one’ plan to cut concentration risks

  The model is picking up pace, driven by considerations of talent diversification, cost efficiencies, and business continuity and risk diversification, experts said. GCCs have lately been at the forefront of adding technology talent, even as locally listed pureplay outsourcing companies either shed jobs or run a tight ship amid growth challenges globally.

  

• Odisha RERA tells promoters to submit quarterly progress report by July-end, threatens action

  Odisha Real Estate Regulatory Authority (ORERA) has mandated promoters to submit their project's quarterly progress report (QPR) for April-June by July end, either digitally or manually. This directive follows a previous request to update data on ORERA 2.0, with only 64% compliance so far.

  

• Consumer forum orders PNB Housing Finance to compensate customer for loss of property documents

  A Coimbatore consumer commission instructed PNB Housing Finance to compensate a customer. The firm lost Murugesan's original property documents after he settled his loan. Murugesan and his son, Prabhakaran, jointly took a housing loan. The commission directed the firm to obtain a non-traceable certificate. They must also initiate cancellation of the deposit memorandum.

  

• Property owners in Mumbai face jail for undisclosed tenants

  Mumbai Police are taking strict action. They are targeting property owners. These owners did not share tenant details. Several FIRs have been filed. This is under Section 223 of Bharatiya Nyaya Sanhita. The police want to ensure public safety. Landlords face legal consequences. They could face imprisonment. The police require tenant information. This helps prevent unlawful activities.

  

• Property allottees must obtain UAN by August 31: Bhubaneswar development body

  The Bhubaneswar Development Authority mandates all property allottees to obtain a Unique Account Number (UAN) by August 31, aiming to digitize services and enhance transparency. BDA has also made significant strides in its leasehold to freehold conversion program, registering 743 conveyance deeds out of 1,250 applications. The conversion fee is set at 3% of the latest benchmark valuation.

  

• Property prices to increase in Jharkhand from August 1

  Starting August 1st, property buyers in Ranchi and Jamshedpur (excluding Tata sub-lease areas) will face increased real estate prices. A revision in rates, occurring every two years, will lead to approximately a 10% hike in residential and commercial property costs in Jamshedpur. For instance, flats in Sonari, Jamshedpur will now cost Rs 6,061 per sqft.

  

• Buildings sealed in Gurugram's Sushant Lok-1 for violations of residential zoning laws

  Gurgaon's Sushant Lok 1 faced a major crackdown by the DTCP due to blatant violations of residential zoning laws. Authorities sealed a crèche plot misused for school classes and dance training, a girls' hostel operating in a residential building, and unauthorized construction in a stilt parking area.

  

• Top government official to chair meet on Odisha RERA

  A high-level meeting, chaired by Chief Secretary Manoj Ahuja, is scheduled to address key issues concerning the Odisha Real Estate Regulatory Authority (ORERA). Following a leadership change in June, this second meeting will focus on strengthening ORERA's operations.

  

• Telangana HC warns petitioner for repeatedly challenging building approvals in Hafeezpet

  The Telangana High Court criticized a Hyderabad businessman for contesting the legality of approvals for a residential project in Hafeezpet. The court warned the petitioner against misusing the judicial system. The petitioner alleged irregularities in building approvals and environmental clearances. The court permitted the withdrawal of the petition after the petitioner's counsel apologized.

  

• Gujarat HC lifts stay on civil prison order against Pacifica Developers, initiates contempt proceedings

  The Gujarat High Court has lifted a stay on the GujRERA order to detain Pacifica Developers' officials, including Rakesh Israni, for failing to hand over a house to a customer and allegedly selling it to another party. The court also initiated contempt proceedings against Israni and other office bearers for making false statements.

  

• Bombay HC raps EOW for inaction, transfers builder fraud case to crime branch

  The Bombay High Court moved a builder fraud case to the Mumbai Crime Branch. This action followed serious investigative failures by the Economic Offences Wing. Victims alleged a scam exceeding Rs 100 crore. The court criticized EOW's handling, citing inaction and negligence. Concerns arose over frozen accounts and untracked property transactions. The Crime Branch will now investigate the matter further.

  

• Building materials maker CRH to acquire Eco Material for $2.1 billion

  CRH, a building materials giant, will buy Eco Material Technologies. The deal is worth $2.1 billion. This acquisition expands CRH's North American presence. Eco Material is a supplier of low-carbon cement alternatives. The purchase helps CRH move towards sustainable construction. The transaction is expected to be completed in 2025. CRH will use its cash reserves to fund the deal.

  

• HeidelbergCement India's profit rises 20.8% to ₹48.23 crore in Q1 FY26

  HeidelbergCement India Ltd witnessed a 20.87% surge in net profit, reaching Rs 48.23 crore for the June quarter of FY26, fueled by a robust 12.27% increase in revenue from operations, which amounted to Rs 597.54 crore. The company's sales volume also experienced substantial growth, climbing 10.9% to 1,254 kilo tonnes, contributing to the overall positive financial performance.