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Latest StoriesRegulatory

Punjab Minister Sanjeev Arora in 7-Day ED Custody

File photo GURUGRAM: A special PMLA court in Gurugram has remanded Punjab Industries Minister Sanjeev Arora to Enforcement Directorate (ED) custody for one week in connection with an alleged Rs 100-crore GST fraud-related money laundering case. The court noted that the allegations are “very serious” and the ED needs to investigate further. The lawyer representing Arora, a senior member of the Aam Aadmi Party (AAP) in Punjab, claimed that a “false and frivolous” case was fabricated against him, asserting that “no prima facie evidence” was gathered prior to his arrest. Arora, aged 62, was taken into custody by the ED…

IndustryLatest Stories

Maharashtra Plans Property Cards with Valuation for All Plots

Representative AI image PUNE: The Maharashtra state government is drafting a Land Titling Act that will mandate property cards for all land parcels, as stated by Revenue Minister Chandrashekhar Bawankule in Pune on Sunday. This card will not only include essential details but will also indicate the property’s value. A property card, or malmatta patrak, serves as the official land record document issued by the city survey department for urban areas. Currently, it is the primary legal proof of ownership for urban properties, encompassing all details about the owner, property size, location, and transaction history. For rural areas, a 7/12…

Latest StoriesResidential

BDA Seeks Forest Solution for Stranded Banashankari Plot Owners

BENGALURU: Over 300 plot owners in Banashankari 6th Stage are struggling to construct their homes due to objections from the Forest Department regarding buffer zone regulations around the adjacent Turahalli Forest. To address this ongoing issue, the Bangalore Development Authority (BDA) has reached out to the Forest Department for a permanent resolution. This predicament concerns plots allocated by the BDA in various Blocks of the Banashankari 6th Stage layout several years ago. Despite the BDA distributing residential sites decades ago, the Forest Department later declared that numerous plots across various survey numbers fall within the buffer zone of the Turahalli…

InfrastructureLatest Stories

Pune’s Hinjewadi-Shivajinagar metro stations may open by June-end

PUNE: Commuters waiting for the Hinjewadi-Shivajinagar Metro (Line 3) can anticipate partial relief by the end of June, with 12 stations expected to open in the initial phase, subject to necessary safety clearances, according to PMRDA officials following a meeting in Mumbai on Thursday. The officials revealed that the overall project completion stands at 95.2%. “The Commissioner of Metro Rail Safety (CMRS) is scheduled to inspect the corridor later this month. A final decision regarding the launch will depend on this inspection. However, it’s likely that services could commence by the end of June, assuming all approvals are granted,” stated…

InfrastructureLatest Stories

Uncertainty Surrounds 500+ Acre Land Deal for New Nagpur

NAGPUR: The rising land acquisition costs are becoming a significant challenge for the New Nagpur Project, which is positioned as a key urban expansion initiative by the Maharashtra government. The project originally aimed to acquire approximately 1,710 acres (around 692 hectares) of land. However, the Nagpur Metropolitan Region Development Authority (NMRDA) has indicated that around 500 to 600 acres remain uncertain for acquisition. According to senior officials at NMRDA, the initial land acquisition cost estimated at ₹3,000 crore has surged past ₹4,000 crore, with expectations of further increases. The Times of India was the first to report this rise of…

InfrastructureLatest Stories

PMRDA to Transfer Mahalunge-Maan Plan to PMC for Implementation

PUNE: After nearly eight years of delays, the long-awaited Mahalunge-Maan Town Planning (TP) scheme is finally set to be implemented. The Pune Metropolitan Region Development Authority (PMRDA) plans to transfer the execution responsibilities of this project to the Pune Municipal Corporation (PMC). During a recent PMRDA budget meeting, senior officials confirmed that TP schemes primarily located within PMC limits will now be executed by the civic body. A formal notification from the state government is expected soon to finalize the transfer. The jurisdiction change follows the merger of several villages into the PMC. Officials revealed that over 75% of the…

InfrastructureLatest Stories

Goa to Designate 82 Lakh Sq Meters as No-Development Zones

Representative image PANAJI: The Town and Country Planning (TCP) department has begun a significant initiative to designate over 82.8 lakh square meters of land in Goa as non-developable areas. This action marks the largest preservation effort in recent years aimed at safeguarding ecologically sensitive and fragile lands from future development. A new notification issued under Section 39A of the Goa Town and Country Planning Act outlines the conversion of extensive parcels in Salcete, Mormugao, Sattari, and Pernem into “non-developable area” classifications. The TCP board approved these proposals on May 4, and there will be a 30-day period for public input…

Latest StoriesRegulatory

Bombay HC Rejects Tenants’ Request to Add Builder in Petition

MUMBAI: The Bombay High Court has rejected a request from 52 tenants of a demolished building in Ghatkopar (W) to include a new developer in their redevelopment petition, imposing a cost of Rs 5 lakh on them. In their ruling on Wednesday, Justices Ajey Gadkari and Kamal Khata observed, “It prima facie appears that the current application is moved and financed by the proposed respondent (developer) to establish an unenforceable right against the landlords and original developer.” In February 2024, the tenants had urged the HC to speed up the redevelopment of Kamla Bhuvan, a dilapidated structure on LBS Marg,…

Latest StoriesRegulatory

Hyderabad: Two Firms Accused of Duping 40 Investors of ₹39 Crore

HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated a cheating case against the directors and partners of two private firms. The individuals are accused of defrauding over 40 investors of more than Rs 39 crore in a proposed villa project in Pocharam, Patancheru mandal. The complaint was filed by O Venkata Koteswara Rao, a 49-year-old IT employee from Miyapur. He alleges that R Srikanth Reddy, director of RSR Greenway Infra, along with his wife and co-director Rajeswari, and partners of Suryodaya company, Swamy Reddy and Reddy Sharadha, deceived him and 41 other investors. According to Rao, in…

Latest StoriesRegulatory

Kerala’s Luxury Tax on Big Homes Yields ₹157 Crore in 5 Years

IDUKKI: The luxury tax on residential buildings has generated ₹157.62 crore for the state over the past five years, with the highest revenue recorded in the 2025-26 financial year (FY). According to data obtained through the Right to Information Act, the state collected ₹67.66 crore in FY2025-26 alone, with Ernakulam and Thiruvananthapuram reported as the highest contributors. The luxury tax revenue for the preceding years was ₹58.46 crore in FY2024-25, ₹7.39 crore in FY2023-24, ₹11.18 crore in FY2022-23, and ₹12.91 crore in FY2021-22. Land revenue department officials attribute the increase in FY2025-26 to a growing number of larger homes and…