Tuesday, September 16News That Matters

PROPERTY MATTERS

Take Action to Improve Property Tax Collection: Rajendra Cholan,Bengaluru Central City Corporation Commissioner.

Take Action to Improve Property Tax Collection: Rajendra Cholan,Bengaluru Central City Corporation Commissioner.

News, PROPERTY MATTERS
Bengaluru, Sept. 15: Bengaluru Central City Corporation Commissioner,Rajendra Cholan chaired a meeting today with revenue department officials at the 10th-floor conference hall of the P.U building. During the meeting, he discussed the distribution of e-khatas, the progress of the GPS-based property survey, measures to enhance revenue collection, the current status of officers and staff, and the shortage of personnel. He directed that a comprehensive plan be prepared to further increase property tax revenue within the Central City Corporation limits, in line with the guidelines and instructions already issued by the Special Commissioner (Revenue). The Commissioner instructed officials to initiate action to bring into the property tax net all buildings constructed with approved plan...
Aadinath Ur Homes Announces Four New Pre-Leased Property Investment Opportunities in Noida

Aadinath Ur Homes Announces Four New Pre-Leased Property Investment Opportunities in Noida

Architecture, News, PROPERTY MATTERS
Noida, Uttar Pradesh, India -- Aadinath Ur Homes, a leading name in the real estate business, has been at the forefront of turning pre-leased commercial properties into attractive investment options for those seeking stable, long-term returns. They are now offering premium pre-leased investment opportunities in Noida NCR, backed by assured rental income and brand security. According to Gaurav Jain, CEO and Director, Aadinath Ur Homes, “With the nation moving past the COVID-19 pandemic, urban centers like Noida have witnessed a renewed surge in activity, especially in theatres, malls, and other commercial zones. This revival has brought massive footfall to shopping malls, food courts, and entertainment venues, resulting in significant rental yields for property owners—reportedly more tha...
Haryana CM, Union Urban Development Minister Lay Foundation Stone for Gurugram Metro Phase 1; Property Market Poised for Growth

Haryana CM, Union Urban Development Minister Lay Foundation Stone for Gurugram Metro Phase 1; Property Market Poised for Growth

PROPERTY MATTERS
On 5th September 2025, Haryana’s Chief Minister Mr. Nayab Singh Saini and Union Urban Development Minister, Mr. Manohar Lal Khattar laid the foundation stone of Gurugram metro’s first phase. “The metro rail project will reduce congestion and pollution in the city. This is a historic day, and this project will transform the transport infrastructure of Gurugram and boost connectivity across NCR,” said Mr. Saini while speaking at Gurugram University auditorium. A much-awaited infrastructural development in Gurugram, the first phase of the metro, includes the construction of 15.22 km of metro rail viaduct. The first phase, spanning 28.5 km in length, will connect Millennium City Centre to Sector 101 of Gurugram, passing through 13 other stations. Speaking at the occasion, Union Urban ...
Insomniacs Unites India’s Top 10 Real Estate Voices on a First-Ever Road Trip from Mumbai to Gurugram

Insomniacs Unites India’s Top 10 Real Estate Voices on a First-Ever Road Trip from Mumbai to Gurugram

News, PROPERTY MATTERS
A Cross Country Caravan Redefining Real Estate and Infrastructure Storytelling Mumbai, Maharashtra, India -- The story of Indian real estate is no longer confined to boardrooms or brochures. It is written on highways, in bustling city streets, and through the voices of those shaping tomorrow. This September, Insomniacs is set to launch The Realty Drive 2025, a one of a kind road trip from Mumbai to Gurugram, with pit stops at Ahmedabad, Surat, Jaipur and Noida. Unlike a traditional event, The Realty Drive 2025 is a travelling caravan designed to decode India’s urban blueprint exploring real estate growth, infrastructure revolutions, cultural flavors, and heritage backdrops. The journey begins in Mumbai, India’s financial heartbeat and luxury benchmark, before moving to...
Square Yards Q1FY26: Revenue Up 45%; Gross Margins Double; EBITDA Swings 37 crore YoY

Square Yards Q1FY26: Revenue Up 45%; Gross Margins Double; EBITDA Swings 37 crore YoY

Business & Finance, News, PROPERTY MATTERS
Gurugram, Haryana, 25th August 2025 – Square Yards, India’s largest integrated real estate and mortgage platform, has announced its financial results for Q1FY26, reporting a revenue of INR 378 crore and EBITDA of INR 4.4 crore on the back of INR 70 crore gross profit. With these results, the company saw first ever profitable Q1 on the back of doubling of Gross Margins (Y-Y) to 18% and revenue growth of 45%. Key Q1FY26 Highlights: Square Yards reported a revenue of approximately INR 378 crore, marking a year-over-year growth of around 45% from INR 260 crore in Q1FY25. The company facilitated over 55,771 transactions and achieved a Gross Transaction Value (GTV) of INR 18,480 crore in Q1FY26. The Q1FY26 demonstrated the potential of operational leverage in the business, with gro...
India, Mainland China and Japan Dominate Asia’s Office Leasing, Driving 90% of Demand in H1 2025 – Colliers

India, Mainland China and Japan Dominate Asia’s Office Leasing, Driving 90% of Demand in H1 2025 – Colliers

News, PROPERTY MATTERS
India, China, and Japan drove over 90% of the demand during H1 2025 -       Singapore witnessed 12X YoY rise in demand, followed by Philippines and Japan at 56% & 55% YoY rise respectively -       New supply across the 11 APAC markets rose by 45.4% to 4.8 million square metres (51.7 million square feet) -       8 out of 11 markets saw an annual increase in new supply during H1 2025 -       Flight to quality, flexibility and sustainability to drive growth Bengaluru, 21 August – According to Colliers’ new report, Asia Pacific Office Market Insights H1 2025, leasing activity across 11 key markets reached 4.5 million square metres (48.4 million square feet) in the first half of the year – a 9.6% year-on-year increase – reflecting a broader recalibration of workplace strategi...
Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment

Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment

News, PROPERTY MATTERS
Thursday, Jul 17, 2025 16:07:46 Somany Ceramics acquires majority stake in Durabuild, entering the booming construction chemicals market. New Delhi [India], July 17: Somany Ceramics Ltd., one of India’s most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India’s first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R&D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protecti...
Design a Comprehensive Development Plan for Major Junctions: Maheshwar Rao

Design a Comprehensive Development Plan for Major Junctions: Maheshwar Rao

News, PROPERTY MATTERS
Bengaluru, July 14: BBMP Chief Commissioner Maheshwar Rao has directed officials to design a comprehensive development plan for major junctions within the BBMP limits. Addressing a meeting held today at the BBMP head office, which focused on various issues across different zones, the Chief Commissioner stated that while several junction development projects are already underway in the city, officials must now prepare an integrated development plan for other key junctions to ensure uniform progress. Resolve Issues in Flood-Prone Areas: Currently, there are 53 flood-prone areas under BBMP limits. Of these, problems have been resolved in 4 locations. Work remains to be completed in 49 areas, with 22 locations receiving World Bank funding. The Chief Commissioner instructed officials t...
Sattva Group Unveils Ambitious Campus in Vizag

Sattva Group Unveils Ambitious Campus in Vizag

News, PROPERTY MATTERS
Bengaluru 9th July 2025: Sattva Group, one of India's leading real estate development and consulting firms, has consistently delivered transformative projects across the country since its inception in 1986. Known for redefining Bengaluru's skyline and creating future-ready spaces, the Group's expansive portfolio today includes world-class IT parks, commercial hubs, residential townships, hospitality, and retail developments across major Indian cities. Andhra Pradesh is positioning itself as a frontrunner for the next wave of investments, especially in Tier 2 cities like Visakhapatnam (Vizag). With its robust infrastructure, skilled talent pool, competitive policies, and forward-thinking governance, the state is fast emerging as a hub for Global Capability Centers (GCCs), IT / ITeS compa...
SATTVA GROUP EXPANDS GOA FOOTPRINT WITH WATER’S EDGE II LAUNCH AS LUXURY REAL ESTATE SHIFTS TO DESTINATION MARKETS

SATTVA GROUP EXPANDS GOA FOOTPRINT WITH WATER’S EDGE II LAUNCH AS LUXURY REAL ESTATE SHIFTS TO DESTINATION MARKETS

News, PROPERTY MATTERS
Sattva's Strategic Goa Market Expansion Following Record Property Price Surge and Infrastructure Boom~ Bengaluru/Goa, July 4, 2025: Sattva Group, a leading premium residential developer, today launched Water's Edge II, expanding its successful Goa coastal portfolio in a strategic move that reinforces the company’s confidence in India’s growing luxury coastal market. The second-phase development builds on the success of the original Water's Edge project, positioning Sattva as a key player in Goa’s evolving high-end residential landscape. The launch underscores a broader transformation in India’s residential market, where enhanced connectivity and shifting lifestyle aspirations have turned coastal properties into primary residences for a diverse and affluent demographic, including...