Category: Latest Stories

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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…

Latest StoriesResidential

Nashik: 75,000+ beneficiaries to receive homes on Republic Day

NASHIK: The Nashik Zilla Parishad (ZP) has facilitated the construction of over 75,000 homes through various housing schemes, which will be handed over to beneficiaries on Republic Day. The CEO of Nashik ZP, Omkar Pawar, stated, “The construction and payments to the beneficiaries have been completed. They will move into their new homes on Republic Day.” The District Rural Development Agency has reported that 51,000 houses were built under the Pradhan Mantri Awas Yojana (Rural), with an additional 24,000 houses constructed through various state-sponsored initiatives. “This endeavor was successfully executed through collaboration among various departments. The Nashik ZP is dedicated…

Latest StoriesRegulatory

Lucknow: Properties Worth ₹158 Crore in Rohtas Project Seized

LUCKNOW: On Friday, the Lucknow zonal office of the Directorate of Enforcement provisionally attached 75 immovable properties and two movable properties valued at Rs 158.85 crore, with a current market valuation exceeding Rs 350 crore, under the Prevention of Money Laundering Act, 2002, as part of a money laundering investigation related to Rohtas Project Limited and associated entities. The immovable properties, valued at Rs 141.21 crore, are registered under the names of Deepak Rastogi, promoter of the Rohtas group, and various entities including Vardan Township Pvt Ltd and several benamidars. The movable properties, valued at Rs 17.64 crore, belong to…

Latest StoriesResidential

Lucknow Body to Build Luxury Flats in Gomtinagar Extension

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) plans to develop the Narmada Apartment in Sector-4 of Gomtinagar Extension, featuring 300 luxury flats along with 12 penthouses. LDA Vice-Chairman Prathamesh Kumar announced that registration for these flats will be open from January 24 to February 23, offering only 3BHK plus study configurations. Applications will be accepted solely through the LDA website, with a registration fee of 5% of the estimated flat cost. Candidates from reserved categories will be required to pay a reduced fee of 2.5%. Allotment of the flats will be determined by a lottery system. Each flat…

Latest StoriesRegulatory

Noida Techie Death: NBW Issued for Lotus Founder Nirmal Singh

NOIDA: A non-bailable warrant has been issued for the absconding founder of Lotus Greens, Nirmal Singh, linked to the death of engineer Yuvraj Mehta, who drowned after his car fell into a waterlogged trench in Sector 150 on January 17. Singh has evaded capture since the case came to light, prompting multiple police raids to locate and arrest him. Authorities warned that failure to surrender could result in property attachment proceedings against him. Singh faces charges under various acts, including the Environment Protection Act of 1986 and the Water (Prevention and Control of Pollution) Act of 1974, along with multiple…

IndustryLatest Stories

DLF Enters Senior Living Homes Sector

NEW DELHI: Realty giant DLF Ltd announced it will debut a senior living housing project in Gurugram this quarter, with an estimated revenue potential of around Rs 2,000 crore as part of its expansion strategy. This marks DLF’s entry into the senior living housing market, further diversifying its offerings. During a conference call, DLF Ltd Managing Director Ashok Tyagi emphasized that housing demand in Gurugram, a core market for the company, remains strong, particularly for reputable developers. He confidently stated that DLF aims to achieve pre-sales of Rs 20,000-22,000 crore for the fiscal year, despite experiencing low sales bookings of…

Latest StoriesRera

Builders fined ₹25,000 for late quarterly reports: Karnataka RERA

Here’s a rewritten version of the content: BENGALURU: In an effort to safeguard homebuyer rights, the Karnataka Real Estate Regulatory Authority (K-Rera) has decided to enforce a penalty of ₹25,000 per quarter on promoters who fail to submit quarterly progress reports (QPRs) for the financial year 2025-26, as required by the Real Estate (Regulation and Development) Act, 2016. In a circular released on Tuesday, K-Rera reminded promoters that they are obligated to upload quarterly updates of their registered real estate projects on the K-Rera website within 15 days of each quarter’s conclusion. The authority stated that it has the authority…

IndustryLatest Stories

Mhada to Pay ₹200 Crore to Reclaim 3 Vacant Plots in Mumbai

MUMBAI: Mhada will invest ₹200 crore to re-acquire three plots related to the ₹1,039-crore Patra Chawl redevelopment scandal. This payment was approved by the state cabinet last week, with an official resolution issued on Thursday. This payment is part of Mhada’s consent terms submitted to the High Court, which is currently addressing a contempt petition from builder Guruashish Constructions, a subsidiary of HDIL. Mhada appointed Guruashish Constructions for the project in 2008, and a tripartite agreement was established between residents of the Goregaon area, the planning authority, and the builder to facilitate redevelopment. However, work was halted by 2011. Mhada…