Category: Latest Stories

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Latest StoriesRegulatory

FIR Filed Against Seller, Buyer for Illegal Land Sale in Dehradun

DEHRADUN: The Dehradun district administration has filed an FIR against a seller and a buyer for allegedly engaging in the illegal sale and purchase of court-prohibited land in the district. According to officials, the case involves seller Sikandar Singh, a Rajpur resident, and buyer Kharati Lal Kukkad from Zirakpur, Punjab. They are accused of selling a 0.76-hectare plot in Aamwala Tarla in October 2025 using forged documentation. Officials noted that a complaint presented to the administration indicated that the land was under a ban imposed by the RM Lodha Committee of the high court but was still registered by hiding…

IndustryLatest Stories

Suraj Estate Developers Buys Hally Pacific for ₹30.40 Crore

NEW DELHI: Suraj Estate Developers has successfully acquired 100% of the shares of Hally Pacific, which owns a vacant land parcel located at Sayani Road, Prabhadevi, Mumbai. This acquisition was finalized based on a share purchase agreement dated February 20, 2026, for a total amount of approximately ₹30.40 crore, making Hally Pacific a wholly owned subsidiary of the company. The newly acquired land spans around 717.39 sq meters. The company plans to develop this site with an estimated saleable carpet area of approximately 0.367 lakh sq ft and an anticipated gross development value (GDV) of around ₹200 crore. Rahul Thomas,…

Latest StoriesResidential

Centre greenlights 5,000 homes for displaced in Manipur

IMPHAL | NEW DELHI: Union Agriculture and Rural Development Minister Shivraj Singh Chouhan has sanctioned the construction of 5,000 homes for the rehabilitation of internally displaced persons (IDPs) in Manipur, as confirmed by officials. The decision came after a meeting between the minister and Manipur Chief Minister Yumnam Khemchand Singh in the national capital on Monday evening. Khemchand was accompanied in the meeting by the state’s two deputy chief ministers, Nemcha Kipgen and Losii Dikho. Officials stated that the homes will be built under PMAY-G for the Financial Year 2025-26, aimed at assisting the IDPs affected by the ongoing law…

IndustryLatest Stories

Uttarakhand Forms 14-Member Panel to Revise Building Bylaws

DEHRADUN: In response to Uttarakhand’s heightened seismic vulnerability, the state government has launched a thorough revision of its building bylaws to incorporate updated earthquake safety standards. According to an official release, this initiative aligns with the Indian Standard ISO 1893-2025, which categorizes the entire state within a high seismic zone. The government announced plans to amend current construction regulations to enhance their scientific basis, resilience against disasters, and adherence to modern engineering practices. Presently, the building bylaws in Uttarakhand are founded on the outdated Bureau of Indian Standards framework ISO 1893-2002. Guided by Chief Minister Pushkar Singh Dhami, Chief Secretary…

Latest StoriesRera

Karnataka RERA Targets Unregistered Projects, Highlights Gaps

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has ramped up its efforts to monitor unregistered developments, aiming to pinpoint violations, confirm project status, and take action against non-compliant promoters to protect homebuyers. Notices have been sent to validate project status and registration, uncovering that some were eventually registered. Data from K-Rera indicates that 765 complaints about unregistered projects have been lodged in Karnataka since 2021. Of these, orders were issued in 440 cases, while 325 remain at various stages of hearing and processing. Officials noted that a significant portion of complaints pertains to projects that either do not physically…

Housing FinanceLatest Stories

ADB Allocates $108M to Aavas Financiers for Housing Loans

NEW DELHI: The Asian Development Bank (ADB) announced on Tuesday that it has finalized a senior secured debt financing package worth up to USD 108 million (approximately Rs 983 crore) with NBFC Aavas Financiers. This funding aims to enhance access to affordable housing loans for lower-income families and business loans for MSMEs in underrepresented regions across India. The package comprises concessional debt financing of USD 8 million (in INR equivalent) sourced from the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA), as detailed in an ADB statement. This financing will facilitate loans for self-built and green-certified…

Latest StoriesRegulatory

SC Denies Halt to Haldwani Evictions, Orders PMAY Check

NEW DELHI: The Supreme Court directed Uttarakhand authorities on Tuesday to assist over 27,000 residents near Haldwani Railway Station in applying for housing under the Pradhan Mantri Awaas Yojana (PMAY). The residents are reportedly occupying railway land, and eviction procedures are in progress. A Bench led by Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi declined to halt the eviction, noting the potential displacement of numerous families. The Court instructed the State to verify their PMAY eligibility and submit a comprehensive report before the next hearing. The Bench clarified, “We are referring to them as ‘occupants’, not…

Latest StoriesResidential

Rajkot Residents Weep as Demolition Displaces Them; Seek Help

File Photo RAJKOT: A significant demolition initiative by the Rajkot Municipal Corporation (RMC) in the Jangleshwar area has left many families uncertain about their future housing options. Officials defend the operation, stating it is essential not only to remove encroachments but also to combat crime. Initiated on Monday, the RMC aims to dismantle over 1,400 illegal settlements along a 2.5-km stretch, having already demolished approximately 1,350 structures by Tuesday afternoon. Witnesses reported emotional scenes as heavy machinery rapidly demolished homes. Sharifaben, a woman in her 60s, faces an uncertain future. Recently recovering from hip replacement surgery, she has found temporary…

IndustryLatest Stories

Maharashtra Minister: 1,000+ Mumbai Sites Issued Stop-Work Notices

MUMBAI: The Maharashtra government, along with civic authorities, has intensified measures against air pollution in Mumbai, issuing stop-work notices to over 1,000 construction sites for breaching environmental regulations, as stated by state Minister Pankaja Munde on Tuesday. The environment minister reported to the legislative assembly that as of January, 1,952 of the 2,224 active construction sites—nearly 88 percent—had installed low-cost air quality sensors. Official figures indicate that between October 2025 and January 2026, a total of 1,981 show-cause notices and 1,047 stop-work notices were issued as part of the ongoing “Clean Air” initiative, Munde noted in a written response regarding…

IndustryLatest Stories

Godrej Properties to Co-Develop 18 Acres in Thane

Representative Image NEW DELHI: Godrej Properties (GPL) has signed a joint development agreement for an 18-acre land parcel in Thane. The anticipated project will primarily be residential, with an estimated revenue potential exceeding ₹7,500 crore. Gaurav Pandey, MD & CEO of the company, stated, “This is our fourth development in Thane, and the substantial size of the land will facilitate a meticulously planned integrated residential project.” Published On Feb 23, 2026 at 10:02 AM IST Join a community of over 2 million industry professionals. Subscribe to our Newsletter for the latest insights and analyses delivered to your inbox. Stay updated…