Category: Latest Stories

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Latest StoriesRegulatory

Gurugram: 32nd Milestone Director Arrested for Fraudulent Sales

GURUGRAM: Gurugram police have arrested a man accused of defrauding around Rs 500 crore by selling the same floor of a building to over 25 individuals. The suspect, Dhruv Dutt Sharma, director of 32nd Milestone (32nd Avenue), was taken into custody, according to police reports. Sharma was presented in court and has been remanded into police custody for six days. Investigations suggest he deceived multiple victims, resulting in a hefty financial loss. In January, a complaint was lodged by a representative from Tram Ventures Private Limited against Apra Motels, now operating as 32 Milestone Vistas Private Limited. In 2021, the…

Latest StoriesRegulatory

Hyderabad: ₹270 Crore Fraud Case Against White Waters Constructions

HYDERABAD: The Economic Offences Wing (EOW) of the Cyberabad police has initiated a cheating case against White Waters Constructions and its directors. A woman has accused the company of defrauding her and numerous other flat buyers by collecting around ₹270 crore without delivering the promised projects. This complaint was lodged with the police on January 30 by Bhogadi Sujatha, a resident of Power Nagar Colony in Moosapet. According to her complaint, Sujatha became aware of White Waters@Y project near Kukatpally Y-Junction in 2018, and reserved a flat by paying ₹11 lakh. Over the next four years, she transferred ₹68.94 lakh…

Latest StoriesRegulatory

Mysuru Civic Body Hits Record 88.4% Property Tax Collection in 2025

MYSURU: The Mysuru City Corporation (MCC) achieved a record property tax collection rate of 88.4% by the end of December 2025, marking its highest performance to date. In prior years, tax collection had never surpassed 80% by year-end. Officials credit this year’s success to new strategies, including the public disclosure of major defaulters—comprising individuals, commercial entities, and government bodies—on the corporation’s official website. This measure, launched for the first time, has significantly increased compliance compared to previous years. The published list featured top defaulters across both commercial and large residential sectors. After multiple notices and reminders, MCC implemented this public-disclosure…

Latest StoriesRegulatory

RMC’s Tax Sweep Uncovers Extensive Property Fraud in Ranchi

Representative AI image RANCHI: The Ranchi Municipal Corporation (RMC) is accelerating its revenue collection efforts across all wards, focusing on holding tax payments to meet the target of Rs 100 crore for the current financial year. This intensified initiative has started to yield results, as field inspections have uncovered significant under-assessment and misreporting of property details in various city wards. RMC revenue teams conducted thorough checks on commercial and residential properties, evaluating declared areas, usage types, road widths, basement usage, and rainwater harvesting setups. Inspections revealed that many properties were paying taxes based on significantly lower areas or incorrect classifications.…

InfrastructureLatest Stories

Developing Areas Within 500 Meters of Nagpur Metro

Representative AI image NAGPUR: MahaMetro has launched Land Use Action Plans (LAPs) pursuant to the Transit-Oriented Development (TOD) strategy to convert Nagpur’s Metro corridors into dense, multimodal growth areas. This was stated by MahaMetro MD Shravan Hardikar during the second session of the Advantage Vidarbha event on Sunday. According to Hardikar, regions within a 500-meter radius of Metro stations will experience increased development density and enhanced land-use efficiency. The LAPs aim to transform station precincts into cohesive urban hubs, ensuring seamless connectivity and improved last-mile access. These zones will facilitate mixed-use development, bringing together offices, educational institutions, retail, healthcare, and…

IndustryLatest Stories

Bhubaneswar Body Approves Demolition Plan, Sparks Outrage

Representative AI image BHUBANESWAR: In an unexpected development, the Bhubaneswar Development Authority has approved a building plan for a five-storey structure in Andilo, Balianta, on the outskirts of the city, despite a demolition order previously issued by the housing and urban development department. This approval, reportedly granted in December last year, has faced significant backlash from landowners, raising concerns about adherence to legal and regulatory directives that declared the structure unauthorized and mandated its demolition. Documents indicate that the residential building was erected without the necessary building plan approval from the BDA or a no-objection certificate from the water resources…

Latest StoriesResidential

Mumbai’s January Stamp Duty Collections Soar Amid Big Home Sales

Mumbai, which stands as the nation’s largest and priciest property market, has achieved its highest-ever stamp duty earnings for January. This surge can be attributed to substantial transactions, despite a decline in registration volumes. According to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra, the financial hub recorded 11,219 property registrations in January, generating over Rs 1,012 crore in stamp duty revenue for the state. Registration numbers saw an 8% decrease compared to the previous year, yet this performance marks the second-highest January on record. This trend suggests that transaction activity remains resilient in the…

Latest StoriesResidential

Ansal Heights Families in Gurugram Demand Action Against Builder

GURUGRAM: More than 300 families living in Ansal Heights, Sector 92, have appealed to the Haryana Department of Town and Country Planning (DTCP) for urgent intervention, claiming that their housing project has been inhabited for almost a decade without the required occupancy certificate (OC). Residents stated in a release on Sunday that the developer began providing fit-out possession in 2015, promising that the OC would be obtained within six months. However, nearly 10 years later, the certificate has not been secured, raising serious concerns over safety and the legality of the occupation. An occupancy certificate is a legal requisite that…

Latest StoriesResidential

Noida Builder Owes ₹1.8 Crore; Shivalik Homes Buyers Wait 10 Years

NOIDA: Over 350 homebuyers at Shivalik Homes in Greater Noida’s Surajpur have been waiting for more than a decade for paperwork confirming their ownership. Families have moved in over the years, yet property registries have remained inactive due to the developer’s outstanding lease rent dues of around ₹1.8 crore and failure to provide essential documents for occupancy and completion certificates. The project, managed by Cosmos Infraestate Private Limited and initiated in 2010, consists of four residential towers. Residents reported receiving fit-out possession in phases—Tower D in 2015, Tower B in 2016, and Towers A and C in 2017. However, necessary…

Latest StoriesResidential

Manesar Civic Body to Target PGs in Residential Flats

GURUGRAM: On Thursday, the Municipal Corporation of Manesar (MCM) initiated a major crackdown on residential properties unlawfully operating as paying guest (PG) accommodations and other commercial entities while avoiding higher property taxes. They have issued a warning stating that failure to register property IDs may lead to disruptions in essential services such as waste collection and water supply. In a firm notice to property owners, the civic body acknowledged that a significant number of properties recorded as residential are actually being utilized fully or partially for PGs, hostels, and various commercial uses. Joint Commissioner Lokesh Yadav stated, “Property owners have…