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Latest StoriesRegulatory

Allahabad HC Halts Demolition of 48 Auraiya Properties

PRAYAGRAJ: The Allahabad High Court has temporarily halted the demolition of 48 houses and shops in the Dibiyapur region of Auraiya district, instructing authorities to maintain the status of the disputed properties. A division bench, consisting of Justice Mahesh Chandra Tripathi and Justice Vivek Varma, issued the ruling and scheduled the next hearing for April 29, requiring the state government to submit its counter affidavit within a week. The court mentioned that an urgent appeal was made before the Chief Justice on April 15, noting the imminent demolition of 48 residential and commercial properties in the Nahar Bazar area, set…

Latest StoriesRegulatory

Consumer Panel Orders Supertech to Fix Seepage in 30 Days

NOIDA: The district consumer commission has found Supertech Limited guilty of service deficiency after a flat sold by the builder at Ecovillage-2 suffered from seepage and sewage issues. The commission has instructed the company to address the defects within 30 days and compensate the owner with Rs 4,000 for mental anguish and legal expenses. The complaint was initiated in May 2019 by Minimol Chanchal Singh, a resident of Sector 16B, who had purchased a flat in Tower C-3 of the Supertech condominium. The flat, which was allotted to Singh in September 2016, was sold for Rs 27 lakh, including registry…

IndustryLatest Stories

Mumbai: Four Bidder Contest for BMC’s ₹1,348 Crore Plot

Representative AI image MUMBAI: After the Supreme Court’s clearance over a year ago, the BMC is nearing the appointment of a developer for a prime six-acre plot in Lower Parel. Initially receiving a lukewarm response, four major bidders—Shapoorji Pallonji, K Raheja Corp, Peddar Realty (JSW Group), and Keystone Realtors (Rustomjee)—have now submitted their offers. “The plot will be leased on an ‘as-is’ basis, with the developer tasked with rehabilitating current occupants as part of the development,” stated an official. Once the proposal secures administrative approval, it will be forwarded to the civic improvements committee, which oversees civic property matters. The…

IndustryLatest Stories

NOC Required for Work Near Pune Metro Tunnel (20m Radius)

Representative AI image PUNE: Maha Metro has mandated that builders and property owners secure a No Objection Certificate (NOC) before commencing any construction within 20 meters of a Metro viaduct or tunnel. This regulation aims to guarantee that surrounding development does not jeopardize the structural integrity of the transit system. Failure to obtain this clearance prior to initiating construction will result in severe repercussions, including potential legal actions and financial liability. A Maha Metro official informed TOI that the requirement for an NOC before construction activities is already stipulated under the Metro Railways (Construction of Works) Act and the Unified…

InfrastructureLatest Stories

MMRDA Begins Land Acquisition for ‘Third Mumbai’ on April 27

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the land acquisition process for the proposed ‘Third Mumbai’—the Karnala-Sai-Chirner (KSC) New Town—along the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu corridor. Landowners in 124 villages of Raigad are invited to submit their online consent starting April 27. The MMRDA, recognized as the New Town Development Authority (NTDA), has outlined a 323.44 sq km area that encompasses Uran, Panvel, and Pen talukas. This notice follows a state government resolution from March 16, 2026, establishing the framework for land acquisition, compensation, and allocation. Landowners can choose various compensation methods…

Latest StoriesRegulatory

Bombay HC: Mhada Can Use Unclaimed Patra Chawl Flats for Housing

MUMBAI: The Bombay High Court stated on Friday that sufficient time has been provided for all members of the Goregaon Siddharth Nagar Sahakari Griha Nirman Sanstha Limited society to take possession of their tenements. If members fail to act by April 30, 2026, the court will allow the MHADA to repurpose these tenements for public housing. The court also allotted time for society members to address ongoing legal disputes related to the Patra Chawl redevelopment. Any member wishing to occupy flats in the future can be granted possession after providing a three-month notice, according to the HC’s division bench, comprising…

IndustryLatest Stories

Real Estate Strained by Material Shortages and Labor Crunch in Ahmedabad

AHMEDABAD: The city’s real estate sector is facing significant challenges, including shortages of essential construction materials, rising input costs, and a lack of labor, all of which are disrupting project timelines and planning, according to developers following a meeting on Friday. Builders gathered under the Confederation of Real Estate Developers’ Associations of India (CREDAI), Ahmedabad, to evaluate the deteriorating situation and its implications for both ongoing and upcoming projects. They highlighted severe shortages of critical materials such as aluminum pipes, CPVC products, ceramics, and electrical fittings that have greatly hindered construction activities. Developers noted that the situation is exacerbated by…

IndustryLatest Stories

Adani Acquires 17 Lakh Sq Meters in Motilal Nagar Project

MUMBAI: Gautam Adani, India’s wealthiest individual, is set to receive approximately 17 lakh square meters of land for sale in Motilal Nagar. His group plans to invest ₹1 lakh crore to carry out a redevelopment project in suburban Goregaon, according to a senior government official. The Motilal Nagar Redevelopment Project, spanning 143 acres, has the potential to develop 28 lakh square meters of space. Out of this, more than 10.5 lakh square meters will be allocated to original tenants and the Maharashtra Housing and Area Development Authority (MHADA), as stated by the body’s vice president and chief executive, Sanjeev Jaiswal.…

CommercialLatest Stories

MDDA Rejects Commercial Project Near IMA-Dehradun Over Security Issues

DEHRADUN: The Mussoorie Dehradun Development Authority (MDDA) has denied a building permit for a commercial project near the Indian Military Academy (IMA) due to security concerns highlighted by the army. On April 15, the authority issued a rejection letter to builder Shivam Aggarwal after he failed to secure a required no-objection certificate from the IMA for the mixed-use building located in Panditwari. The MDDA noted that the builder was initially given two months to obtain the clearance, but he did not manage to do so. Internal communication from the Station Headquarters, Dehradun Cantt, dated February 2026, indicated that a “security…

IndustryLatest Stories

RP: Vedanta’s Highest Bidder Claim is a ‘False Narrative’

Sure! Here’s the rewritten content: NEW DELHI: Senior Advocate Abhishek Manu Singhvi, representing the Resolution Professional (RP) of Jaypee Associates, informed the National Company Law Appellate Tribunal (NCLAT) on Friday that a “false and sensational narrative” is being propagated regarding Vedanta’s bid during the insolvency resolution process. Singhvi asserted that claims implying Vedanta was initially identified as the highest bidder and subsequently undermined are completely baseless and unsupported by evidence. He highlighted that this narrative has been perpetuated in media channels, previous hearings, and public discussions without factual grounding. To clarify, Singhvi explained that an email distributed by the RP…