Category: Latest Stories

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InfrastructureLatest Stories

Margao, Mormugao ODPs to Transform into Master Plans

PANAJI: The Town and Country Planning Department will transform the current outline development plans (ODPs) for Margao and Mormugao into comprehensive GIS-based masterplans as part of the Centre’s Amrut 2.0 initiative. This effort will digitally map both cities, integrating data-driven blueprints that encompass land use, infrastructure, transportation, housing, and employment. The initiative is part of a sub-scheme under Amrut 2.0, aimed specifically at Class II towns with populations ranging from 50,000 to 99,999. Fully funded by the Ministry of Housing and Urban Affairs, this scheme focuses on towns that were excluded from the original Amrut mission launched in 2015, which…

Latest StoriesResidential

Homebuyers Challenge Lavasa Corp’s Insolvency at NCLT

MUMBAI: Homebuyers in Lavasa, a hill town developed by Lavasa Corp, have submitted a new appeal requesting intervention from the appellate tribunal. They have cited significant issues within the resolution plan. In their appeal, the homebuyers have raised concerns about discriminatory treatment, arbitrary financial burdens, a lack of transparency in the insolvency process, and possible changes to key elements of the approved plan by the Welspun Group-Ashdan Properties consortium. In a detailed 99-page appeal, they requested a stay on the NCLT’s order regarding their case and urged the appellate tribunal to instruct the NCLT to review pending applications from homebuyers…

Latest StoriesResidential

Dharavi Residents to Receive 500-754 sq ft Rehab Flats

MUMBAI: Residents of chawls and buildings included in the Dharavi Redevelopment Project will receive rehabilitation flats ranging from a minimum of 500 sq ft to a maximum of 754 sq ft, free of charge. This initiative will benefit approximately 8,700 households within the Dharavi Notified Area, encompassing both chawls and housing societies. This decision follows directives issued by CM Devendra Fadnavis during a meeting last May, where he instructed the DRP to propose a minimum carpet area of 500 sq ft to the government for approval, accompanied by justifications. Consequently, the DRP submitted a proposal for a minimum carpet area…

InfrastructureLatest Stories

MCM Sets April 27 Deadline for Manesar Land Survey

Representative Image GURUGRAM: The Municipal Corporation of Manesar (MCM) has announced April 27 as the deadline for completing the digital land survey under the Centre’s ‘Naksha’ initiative. Officials are encouraging residents to support field teams to ensure the accuracy of records. During a review meeting on Thursday, MCM Commissioner Pradeep Singh assessed the survey’s progress and instructed teams to expedite their work. According to officials, the survey, conducted across villages, residential sectors, and commercial areas, aims to create a digital database of all land parcels in Manesar. Teams are visiting properties to gather ownership documents and map land using drones…

InfrastructureLatest Stories

Cleanup and Road Restoration Begin in Gurugram Post-Bulldozers

GURUGRAM: Just days after bulldozers cleared out encroachments during April 18-22 — which included boundary walls, guard rooms, kiosks, and hoardings in alignment with the Punjab and Haryana High Court’s interim order on the stilt+4 policy — the Town and Country Planning (DTCP) department has initiated the next phase: clearing debris, restoring roads, and upgrading long-overdue infrastructure. Formal notices have been dispatched to developers and the Municipal Corporation of Gurugram (MCG) by district town planner (enforcement) Amit Madholia. These set out a comprehensive post-demolition plan. Developers and the civic body are responsible for restoring internal roads according to the approved…

CommercialLatest Stories

WeWork India Leases 200,000 Sq Ft in Pune’s Wakad

MUMBAI: WeWork India Management has secured a lease for over 204,000 sq ft of office space at Phoenix Millennium Tower 3 in Pune’s Wakad area through a long-term agreement. The lease spans five floors—from the 13th to the 17th. The 13th, 14th, and 15th floors are leased for a decade, while the 16th and 17th floors are on a five-year term. The monthly rent is set at ₹73 per sq ft, amounting to a total monthly expenditure of more than ₹1.49 crore. The agreement includes a 12% rental increase after the first three years, followed by a 13.5% rise every…

IndustryLatest Stories

Osman Nagar Land Auction in Hyderabad Sells for ₹51 Crore/Acre

Representative Image HYDERABAD: Osman Nagar near Tellapur has become Hyderabad’s latest real estate hotspot, with the first land auctions in the area yielding impressive bids. An acre of land sold for Rs 51.25 crore, which is nearly 30% above the reserve price of Rs 39 crore. The Telangana Industrial Infrastructure Corporation (TGIIC) generated Rs 768 crore from the auction of two prime land parcels, indicating a strong demand for strategically located urban land. Leading developer Rajapushpa acquired a 10.09-acre parcel for Rs 51.25 crore per acre, while Brigade Group bought another 5.72-acre parcel at Rs 44 crore per acre. TGIIC…

Latest StoriesResidential

Delhi MCD to Survey Residential Properties for Commercial Use

NEW DELHI: The Municipal Corporation of Delhi has instructed its zonal deputy commissioners to conduct a thorough and time-sensitive survey to identify residential properties being improperly used for commercial or other non-residential activities across the national capital. This order, issued on April 20, comes in response to directives from the Supreme Court of India, which mandated municipal bodies in capital cities to perform a detailed inquiry and document verified findings. The official directive specifies that the survey will encompass all residential areas, including unauthorized and regularized zones, group housing societies, plotted developments, and any “islands” or pockets that fall within…

IndustryLatest Stories

42 Ghaziabad Buildings, Including Hospitals, Violate Fire Safety

GHAZIABAD: The fire department has identified 42 buildings, which include residences, hospitals, and hotels, as ‘unsafe’ for failing to meet fire safety regulations. Following inspections between 2017 and 2026, the department discovered that approximately 51 buildings were non-compliant with safety standards. A report was submitted to the district court, leading to legal proceedings against these establishments. To date, only nine have upgraded their fire safety systems, which the fire department has approved. Chief Fire Officer (CFO) Rahul Pal stated that regular inspections are conducted to ensure compliance. “When irregularities are detected, we issue notices and provide a stipulated timeframe for…

Latest StoriesResidential

Regularisation of Delhi’s unauthorised colonies starts April 24

NEW DELHI: Residents of over 1,500 unauthorized colonies in the city can now apply online for property registration via the MCD’s SWAGAM portal, starting Friday, officials reported. Earlier this month, the Centre introduced a new policy for regularizing unauthorized colonies in Delhi on an “as is where is” basis. According to the guidelines, applicants must log into the SWAGAM portal of the Municipal Corporation of Delhi (MCD) for registration in the identified 1,521 unauthorized colonies. The regularization will include property owners possessing conveyance deeds (properties on government land) or authorization slips (for properties on private land) previously issued by the…