Category: Latest Stories

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Latest StoriesResidential

Vadodara’s Homes Built by Civic Body Deteriorate in 20 Years

Representative AI image VADODARA: Residents of various Jawaharlal Nehru National Urban Renewal Mission (JNNURM) housing projects in Vadodara are still facing poor living conditions, despite promises of enhanced housing standards. Constructed by the Vadodara Municipal Corporation (VMC) under the Basic Services for the Urban Poor (BSUP) initiative, over 21,000 residences were built for economically disadvantaged groups between 2005-06 and 2013-14. The first residents moved in during 2010, but many have experienced deteriorating conditions within just two years. Initial issues included water leaking from terraces and damage to overhead tanks. Residents alerted the authorities, resulting in attempts at remediation like waterproofing…

Latest StoriesRegulatory

SC Issues Notice on Contempt Petition Over Gurugram Constructions

GURUGRAM: The Supreme Court has issued a notice in a contempt petition filed by Rajdarbar Iconic Venture concerning its December 17, 2024, ruling on unauthorized constructions, focusing on a land parcel in Chakkarpur village. During the contempt petition hearing on April 17, a bench comprising Justices JB Pardiwala and Vijay Bishnoi acknowledged the delay in filing the petition and instructed the respondents, including Anurag Rastogi and others, to submit their replies by May 7, 2026. The court also waived the requirement for their personal appearance at this stage. The petition names several respondents, including high-ranking Haryana officials such as the…

CommercialLatest Stories

Welspun Enterprises Acquires 4.5 Lakh Sq Ft Office in Pune

MUMBAI: Welspun Enterprises Ltd has leased over 450,000 sq ft of office space in Pune’s prominent IT area, Hinjewadi, marking one of the largest office deals in the city this year. The space, located at Radius IT Park, part of the Hinjewadi IT Park cluster, has been acquired from Indo Global Soft Solutions & Technologies under a fresh lease agreement that began on April 1. The lease encompasses approximately 457,500 sq ft of chargeable area and over 329,000 sq ft of carpet area, distributed across eight floors of the commercial space, according to documents obtained from Propstack. The agreement commences…

Latest StoriesResidential

South Delhi MP Grants Land Ownership in 31 Villages

NEW DELHI: Residents of 31 villages in the national capital will soon receive ownership rights for their residential land within ‘Lal Dora’ limits, announced South Delhi BJP MP Ramvir Singh Bidhuri on Monday. Bidhuri stated that property cards will be distributed to these landowners, enabling them to secure bank loans. ‘Lal Dora’ land pertains to village habitation areas (Abadi) in Delhi that lack formal registrations. Bidhuri had previously written to Union Minister of Housing and Urban Affairs, ML Khattar, regarding this matter, which was subsequently referred to the Ministry of Panchayati Raj. The MP shared a letter from the Panchayati…

InfrastructureLatest Stories

Gurugram: 1,000 Illegal Extensions Removed in 3-Day Drive

GURUGRAM: In a significant initiative aimed at clearing public space infringements, enforcement teams have dismantled illegal extensions from nearly 1,000 homes in just three days. These demolitions included ramps, guard rooms, lawns, kiosks, and other structures encroaching on public land across major licensed colonies. With two days remaining in this operation, the town and country planning department (DTCP) is preparing to submit an action report to the state government. The affected areas include DLF Phase 1, South City 1, Palam Vihar, Sushant Lok-2, Uppal Southend, Malibu Town, Ardee City, and Suncity. This cleanup follows a stay from the Punjab and…

Latest StoriesRegulatory

Kanpur: Father-Son Duo Charged in PMAY Scam Involving 29 Victims

KANPUR: A father-son pair has been accused of defrauding 29 individuals out of ₹7 lakh by promising housing under the Pradhan Mantri Awaas Yojana in the Chakeri police station area. The victims, who did not receive homes or refunds, prompted one to file an FIR following a court order. According to the complaint lodged by Ashish Kumar from Kopar Ganj, Raipurwa, he works as a laborer and knew Pawan Kumar of Raksha Vihar, Shyam Nagar. Pawan claimed that his father, Dinesh Kumar, was employed at a gun factory and could facilitate jobs at Metro or the factory, along with colony…

Latest StoriesRegulatory

SC urges NCLAT to rule on 14 Supertech housing projects

NEW DELHI: On Monday, the Supreme Court urged the NCLAT to swiftly decide on the amalgamation of 14 remaining housing projects of the financially troubled real estate firm Supertech within a court-supervised framework, aiming to expedite completion and alleviate the concerns of homebuyers. Earlier, on February 5, the Supreme Court upheld an NCLAT order directing the State-owned NBCC to complete 16 out of 30 housing projects of Supertech Limited. The NCLAT is set to re-examine the issue on April 24. A bench led by Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the worries expressed by homebuyers…

Latest StoriesRera

MahaRERA Approves 10,000+ Housing Projects in FY26

NAGPUR: The Maharashtra Real Estate Regulatory Authority (MahaRera) has approved 10,379 housing projects for the financial year 2025-26, highlighting its regulatory oversight and boosting the state’s real estate sector. This included 4,204 new project registrations, modifications in 2,488 projects, and timeline extensions for 3,687 developments, signaling both growth and compliance within the industry. According to the regulatory authority, these approvals align with ongoing efforts to enhance transparency and adherence to the Real Estate (Regulation and Development) Act, 2016. This act requires developers to receive MahaRera’s clearance for any changes or extensions beyond the initially sanctioned plans. Securing these approvals is…

Housing FinanceLatest Stories

PNB Housing Finance Reports 18.34% Net Profit Increase in FY26

NEW DELHI: PNB Housing Finance has announced an 18.34% increase in its net consolidated profit after tax (PAT) for the financial year 2025-26, reaching ₹2,291.24 crore compared to ₹1,936.14 crore in FY25, according to a BSE filing. The company’s net consolidated total income grew by 10.58%, amounting to ₹8,505.04 crore in FY26, up from ₹7,691.63 crore in FY25. In Q1 FY26, the company’s net consolidated total income was ₹2,171.91 crore, reflecting a 6.63% increase from ₹2,036.78 crore during the same period last year. Its PAT for Q4 FY26 was ₹655.80 crore, a 19.15% rise from ₹550.38 crore in Q4 FY25.…

InfrastructureLatest Stories

MMRDA Gains 216 Acres in Raigad for Mumbai 3.0 Project

Representative image The Mumbai Metropolitan Region Development Authority (MMRDA) has commenced the Mumbai 3.0 project, successfully aggregating 216 acres in the Raigad district and formally adopting a shareholders’ agreement to transition into the execution phase. This land acquisition is targeted in the Raigad Pen growth corridor, where the New Town Development Area for Mumbai 3.0 is being envisioned. This marks a significant milestone under MMRDA’s participatory land acquisition framework, which has garnered enthusiastic support from local landowners. “Mumbai 3.0 signifies a transformative era in urban planning, centered on community involvement. Through this model, we aim to foster trust and facilitate…