The Karnataka government has decided to regularize existing B khata buildings and multi-story apartments in Bengaluru constructed on unauthorized layouts, provided they were registered before September 30, 2024. Vacant plots with B khata status are excluded from this regularization. Individual buyers of plots from unauthorized subdivisions may be eligible for a khata under specific conditions.
Karnataka cabinet also approved amendments to the Karnataka Global Capability Centre (GCC) Policy 2024-29 to improve clarity and consistency in the policy language and structure without altering its core provisions or objectives.
TDI Infrastructure Ltd. has announced that it is now a debt-free company, having repaid its entire Rs 2,000 crore loan without any restructuring or waivers. The company is now focusing on asset consolidation and the development of townships and commercial properties.
IndiQube Spaces' ₹700-crore IPO was fully subscribed on its second day, driven by strong retail and non-institutional investor interest. The IPO, closing on July 25, 2025, saw an overall subscription of 2.68 times, with significant oversubscription in the retail segment. The company previously raised ₹314 crore from anchor investors, including prominent mutual funds and institutions.
Concorde has partnered to develop Concorde Élevé, a high-rise residential project on Old Madras Road in East Bengaluru. This project, spread across 2.16 acres, features a development potential of 3.2 lakh sq ft and a gross development value of ₹475 crore.
Sri Lotus Developers and Realty is launching its IPO. The price is ₹140 to ₹150 per share. The IPO opens on July 30, 2025, and closes on August 1, 2025. The IPO is a fresh issue of shares. The company has completed several projects. Revenue and profit have increased. Monarch Networth Capital and Motilal Oswal are the lead managers.
D Thara emphasizes reimagining urbanization beyond housing, focusing on ease of living and balancing growth with land conservation. A whitepaper highlights the need for cyber resilience against rising threats targeting critical urban infrastructure, advocating for real-time data sharing and AI-driven response systems. Innovation and integrated urban development are crucial for India's growth.
Ajmera Realty reported a 21.79% rise in net consolidated profit, reaching ₹38.28 crore in Q1 FY26, alongside a 32.36% increase in total income to ₹259.62 crore. Enhanced execution led to a 42% YoY increase in collections and the highest quarterly revenue in five years.
Thane Municipal Commissioner Saurabh Rao has directed power supply companies to halt electricity provision to unauthorized structures. He emphasized the necessity of verifying the legal status of properties before supplying power, citing High Court orders.
The Fort Heritage Conservation Association has criticized the BMC's proposed policy for 'Iconic Buildings,' deeming its definition too vague and subjective. The association, supported by other South Mumbai groups, argues that iconicity should be based on urban contribution, cultural context, and public value, not just aesthetics.
Nagpur Municipal Corporation found 30,000 unrecorded properties. This discovery indicates possible tax evasion. The property tax department will cross-verify the data. Officials plan to use GIS to identify untaxed properties. The new data will capture recently constructed buildings. Ground-truthing will verify each new property. Fresh assessment notices may be issued. This could significantly boost municipal revenue for Nagpur.
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