Category: Latest Stories

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Latest StoriesRera

Delhi REAT Urges RERA to Resolve Builder Registrations in 30 Days

NEW DELHI: Delays in processing registration applications from builders and promoters have raised corruption concerns. Delhi’s real estate tribunal has instructed the Real Estate Regulatory Authority (RERA) to make decisions—either approve or deny—within 30 days of receiving applications. “The clear directive is that the Real Estate Regulatory Authority must address applications within 30 days of receipt, making decisions based on the merits. Protracted delays violate statutory timelines and can lead to accusations of corruption and malpractice, which can be mitigated by adhering to the law,” remarked the Real Estate Appellate Tribunal last week. The tribunal reviewed an appeal from the…

InfrastructureLatest Stories

Haryana Rights Body Acts on Illegal Gurugram Encroachments

Representative AI image CHANDIGARH: The Haryana Human Rights Commission (HHRC) has issued urgent directives to police and administrative authorities regarding illegal encroachments and the dumping of construction materials in a residential sector of Gurugram. While presiding over a complaint from the president of a residents’ welfare association in Sector 57, Gurugram, HHRC Chairperson Justice Lalit Batra took note of conflicting reports from various departments. The police indicated ongoing illegal supply and storage, while the estate officer from Haryana Shehri Vikas Pradhikaran (HSVP) claimed that encroachments had been cleared. The complainant presented recent photographs showing continued illegal activities on the site.…

IndustryLatest Stories

AIPL Acquires Gurugram Land for ₹1,000 Crore via Tribunal

Representative image Gurugram-based real estate developer AIPL has acquired a 43-acre site for ₹1,000 crore via the Debt Recovery Tribunal (DRT), enabling six banks to exit, according to a senior executive. This purchase is part of an 80-acre parcel in Sector 103 along the Dwarka Expressway in Gurugram. AIPL plans to expand its land bank by an additional 20 acres. “We aimed to undertake a township project, but securing large land parcels in a city like Gurugram is challenging,” stated Daljeet Singh, Managing Director of AIPL. “We anticipated difficulties in resolving numerous land-related issues, yet this also presents us with…

Latest StoriesRera

MahaRERA Orders Refund with Interest for Kalpataru Yashodhan

MUMBAI: The MahaRera has instructed the promoters of the Kalpataru Yashodhan project in Andheri West to refund over Rs 1.40 crore, along with interest at SBI’s highest Marginal Cost of Lending Rate (MCLR) plus 2%, to a couple who booked a flat worth over Rs 7.12 crore. The couple paid a total of over Rs 1.46 crore in 2017, with possession promised by December 2018. The couple, Hina and Sanjay Choksi, represented by advocate Dharmendra Damani, argued that the promoters failed to provide possession within the stipulated time and forfeited the entire payment made by them in February 2020, despite…

CommercialLatest Stories

Morgan Stanley Leases Brookfield’s Ecoworld for ₹23 Crore

BENGALURU: Morgan Stanley Advantage Services has secured nearly 160,000 sq ft of Grade-A office space at Ecoworld business park in Bengaluru, committing to a five-year lease at an annual rental rate of around Rs 23 crore. The lease takes effect from January 10, with the office expected to be operational by May. The property is managed by Arliga Ecoworld Business Parks. This deal highlights Morgan Stanley’s ongoing expansion in India and the sustained demand from BFSI sector occupiers for premium spaces in Bangalore’s most prestigious office area along the Outer Ring Road. According to lease rental documentation from Propstack, “Morgan…

Latest StoriesResidential

Karnataka CM’s Housing Drive to Uplift Slum Dwellers

HUBBALLI: Karnataka Chief Minister Siddaramaiah announced on Saturday that his government is actively working to provide housing for slum dwellers, aiming to integrate them into mainstream society. Speaking at a significant event marking the dedication of 42,345 houses out of a total of 1,80,253 being constructed under the Pradhan Mantri Awas Yojana ‘Shelter for All’, the Chief Minister handed out house allotment letters and title deeds as part of the Slum Development Board’s golden jubilee celebrations. Reflecting on his previous term, he noted, “During my first tenure as Chief Minister from 2013-18, our Congress government constructed 14,58,000 houses, leading a…

InfrastructureLatest Stories

Aarvee to Create Master Plan for Hathras Urban City

NOIDA: The Yamuna Authority (YEIDA) has engaged Aarvee Engineering Consultants Limited, based in Telangana, to develop a master plan for the nearly 4,000-hectare Hathras Urban City. This blueprint will guide the city’s development for the next two decades, extending to 2041. Aarvee Engineering was chosen through a competitive bidding process, quoting Rs 1.25 crore for their services. The firm is expected to complete the project within nine months from the start date, excluding final statutory approvals. The process will begin with an inception report within 15 days, followed by assessments of existing conditions, vision planning, draft master plan preparation, stakeholder…

InfrastructureLatest Stories

Andhra Pradesh Seeks Bids for Amaravati Master Plan Phase II

VIJAYAWADA: The state government is advancing the second phase of its capital city project with a master plan following the initiation of the land pooling scheme (LPS) phase II, which aims to acquire nearly 16,000 acres in the capital region. The government’s proactive stance indicates its focus on structured and accelerated development in the capital area. The consultant will also need to create an economic plan for the capital city as part of the phase II master plan, alongside spatial and infrastructure plans. The Capital Region Development Authority (CRDA) has set a deadline for bid submissions on February 6. The…

IndustryLatest Stories

Andhra Pradesh extends LRS application deadline to April 23, 2026

VIJAYAWADA: On Friday, the state government announced a three-month extension for applications under the Layout Regularisation Scheme (LRS), setting the final submission deadline to April 23, 2026. The principal secretary for municipal administration and urban development (MAUD), S. Suresh Kumar, made this announcement after a meeting with urban local body commissioners and vice-chairpersons of urban development authorities. He stated that the extension was granted in response to numerous requests from the public and stakeholders. According to Kumar, 61,947 applications have been submitted in the past six months for LRS-2025, compared to 43,759 for LRS-2020. This scheme accepts applications for individual…

Latest StoriesRegulatory

CBI Insights: Wiztown Planners and Noida Sports City

LUCKNOW: The tragic death of 25-year-old techie Yuvraj Mehta has intensified the Central Bureau of Investigation’s (CBI) scrutiny into the alleged irregularities linked to Noida’s ambitious Sports City project, highlighting Wiztown Planners Pvt Ltd as a focal point of the inquiry. Mehta’s car tragically veered into a flooded area in Sector 150 of Noida in the early morning of January 16. The land involved is reportedly connected to Wiztown, which is one of the entities formed from the original Sports City project allotments. In light of the incident, the CBI expanded its inquiry into the Sports City–02 project, placing a…