Category: Latest Stories

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Latest StoriesResidential

Chandigarh to Auction 10 Residential Sites Starting June 2

Representative AI image CHANDIGARH: The Chandigarh administration is preparing to auction 10 residential sites starting Tuesday. The available plots range from 100 to 502 square yards and will be offered via e-auction later this month. Bidders are invited to submit applications and their earnest money deposit (EMD) from June 2 to June 23. The reserve prices for the plots span from Rs 3.3 crore to Rs 16.5 crore, contingent on plot size. An additional 5% fee will be incurred for corner lots. Applications will be scrutinized and documents approved from June 24 to June 26. The e-auction will occur from…

Latest StoriesRegulatory

SC urges Karnataka HC to swiftly resolve ED-Empire East dispute

NEW DELHI: The Supreme Court has urged the Karnataka High Court to quickly resolve ongoing petitions involving Embassy East Business Park Pvt Ltd, while choosing not to intervene in an interim order currently in effect from the High Court. A Bench comprising Justice Dipankar Datta and Justice Augustine George Masih issued this directive while addressing a Special Leave Petition presented by the Enforcement Directorate (ED) in relation to an interim order concerning Embassy East Business Park Pvt. Ltd. and others. The Bench remarked that the criminal petition and associated matters are already scheduled for hearing before the Karnataka High Court…

Latest StoriesRegulatory

ED Arrests Vikram Wadhwa in ₹645-Crore IDFC Bank Fraud Case

NEW DELHI: The Enforcement Directorate (ED) announced on Monday that it has made a third arrest related to its investigation into the alleged embezzlement of ₹645 crore from bank accounts associated with the Haryana government, Chandigarh administration, and two private schools held with IDFC First Bank. On May 29, the ED detained real estate businessman Vikram Wadhwa under the Prevention of Money Laundering Act (PMLA), alleging he received over ₹70 crore in ill-gotten gains and played a pivotal role in the generation, layering, and concealment of these laundered funds, according to an official statement. Following his arrest under Section 19…

Latest StoriesRegulatory

Ghaziabad: Builder Must Return Deed, Compensate Homebuyer

GHAZIABAD: The district consumer disputes redressal commission has partially upheld a complaint from an Indirapuram resident against the developers of Shipra Krishna Srishti. The commission found the builders liable for not providing the original registered sale deed of a flat to the lender as stipulated in a tripartite agreement. The commission has instructed the builders to deliver the original sale deed to HDFC and provide a photocopy to the complainant, Rajesh Bhalla, within 15 days. If they fail to comply, they must issue a public notice in two national dailies at their own expense, stating that the original deed for…

Latest StoriesRera

Punjab RERA directs builder to refund fees and obtain completion certificates

MOHALI: The Real Estate Regulatory Authority (Rera) has mandated a builder to refund Rs 5.45 lakh in excess maintenance charges collected from allottees and to secure the necessary Completion and Occupation Certificates. This decision follows a complaint filed by a residents’ association. The authority has emphasized that the builder must deliver all promised amenities as per the project’s brochure and refund charges for the excess area. The complaint was raised by the residents’ welfare association (RWA) of the housing society, citing various deficiencies and non-compliance from the builder. Rera endorsed the residents’ plea, issuing several directives in their favor. Advocate…

InfrastructureLatest Stories

Noida: Societies face higher upkeep costs due to wage hike

NOIDA: With rising costs across various sectors, your monthly maintenance bill is likely on the verge of an increase. This surge is unrelated to the US-Iran conflict, but stems from the recently enacted labour code. Many condominiums and gated communities in the NCR are currently revising their maintenance budgets due to the higher minimum wages mandated by this new legislation. Society managers estimate that the bill could rise by approximately 20-30%, contingent on the type of employed staff. In most communities, labor costs — including security, housekeeping, horticulture staff, electricians, plumbers, and lift operators — account for 70-85% of the…

Latest StoriesRegulatory

HC Limits Relief in Building Violations, Opens Door for DTCP in Gurugram

GURUGRAM: The Punjab and Haryana High Court has paved the way for authorities to take action on numerous cases of alleged building violations within the city. The court has clarified that an earlier restraint order applies only to property owners involved in current litigation, rather than a blanket pause on all cases. This dispute concerns unauthorized constructions, additional floors, excessive coverage, and commercial operations in residential areas spanning DLF-1 to 5. In an order issued on May 29, Chief Justice Sheel Nagu led the bench in specifying that the previous restraint order from November 26, 2025, only affects additional respondents…

Latest StoriesResidential

Delhi: Apex Residents’ Body Calls for Fire Safety SOP Roundtable

NEW DELHI: The umbrella organization representing resident welfare associations in Delhi called on the Delhi government on Monday to organize a roundtable meeting with civic bodies, power distribution companies, police, and RWAs to devise a standard operating procedure (SOP) for fire safety in residential buildings. Atul Goyal, president of the United Residents Joint Action (URJA), highlighted the tragic fire incident in East Delhi’s Vivek Vihar that claimed nine lives on May 3, stating it revealed that “neither government agencies nor individual residents have learned from previous disasters.” Goyal pointed out several issues, such as the lack of a fire safety…

IndustryLatest Stories

Hyderabad: Second Raidurg land parcel sold for ₹204 crore/acre

Representative AI image HYDERABAD: The Telangana State Industrial Infrastructure Corporation (TGIIC) achieved a remarkable Rs 204 crore per acre for a 5.09-acre plot at Raidurg during Monday’s e-auction. Reports indicate that Vamsiram builders acquired the prestigious plot for a total of Rs 1,040 crore. Last week, another plot measuring 6.29 acres was sold in the same area for Rs 237 crore per acre. Collectively, the two parcels totaling 11.38 acres have generated an impressive revenue of Rs 2,529 crore for the government. During Monday’s auction, the government secured a significant 46.8% premium over the reserved price of Rs 139 crore.…

InfrastructureLatest Stories

Dalmandi Drive Progresses: 112 Buildings Demolished in Varanasi

Representative AI image VARANASI: The demolition of structures for the Dalmandi road-widening project has resumed following a pause during Bakrid, with over 112 buildings now demolished. A total of 187 structures have been earmarked for removal as part of the initiative aimed at improving access to Kashi Vishwanath Dham from the Naisadak junction along the Lahurabir-Godowlia road. Currently, demolition work is ongoing at 14 additional buildings, while discussions are in progress with the management of six mosques located in the project’s alignment. On Sunday, PWD Executive Engineer KK Singh stated that the demolition count exceeded 100 as of Saturday and…