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Latest StoriesRegulatory

Builder Charged for Cheating Homebuyers in ₹24 Crore Project

Representative AI image HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a criminal case against a real estate company and its directors for reportedly collecting significant sums from homebuyers without delivering apartments or securing necessary approvals for a residential project in Puppalaguda. The case was filed against Pranith Koncepts Private Limited and its directors following a complaint from A Harshavardhan Reddy, a worker at a private firm in Champapet. According to the complaint, Harshavardhan discovered the Pranith Ambience project in September 2023 and visited the Puppalaguda site, where the company was working on a residential complex consisting of seven…

InfrastructureLatest Stories

Stilt Parking Rooms Demolished, Guesthouses Sealed in DLF-3

Representative AI image GURUGRAM: The Department of Town and Country Planning (DTCP) resumed its enforcement operations in DLF-3 on Friday, demolishing illegal structures in stilt parking areas, sealing four properties used for unauthorized commercial activities, and clearing encroachments along 4.5km of public right of way (RoW). Led by District Town Planner (Enforcement) Amit Madholia, this operation is part of the third phase of an ongoing crackdown on illegal constructions and unauthorized commercial use in DLF phases 1 to 5, as per the directions of the Punjab and Haryana High Court. The enforcement actions focused on S Block, T Block, and…

Latest StoriesRegulatory

Telangana HC Aids Doolapally Residents in Fox Sagar Dispute

HYDERABAD: On Friday, the Telangana High Court instructed the state government not to take any coercive actions against homeowners in Doolapally regarding claims that their homes are located within the Full Tank Level (FTL) area of Fox Sagar Lake. This directive was issued by Justice B. Vijaysen Reddy while considering a lunch motion petition filed by the affected homeowners contesting two government orders from July 7. Further hearings are scheduled for July 27. The petitioners, who built their homes after securing necessary permissions and occupancy certificates, challenged the government’s revocation of orders from 2019 and 2023 that reclassified the land…

Latest StoriesResidential

CM Delivers First PMAY-Urban Flat Key in Ghaziabad

File Photo GHAZIABAD: Chief Minister Yogi Adityanath officially handed over the first key of units created under the Pradhan Mantri Awas Yojana-Urban (PMAY) at a ceremony in the city on Friday. This marks the first unit distributed since the scheme’s announcement 11 years ago. Introduced in 2015, the PMAY aims to provide affordable housing for economically weaker sections. The price of a flat is set at Rs 6 lakh, with contributions of Rs 2.5 lakh from the Centre, Rs 1 lakh from the state government, and Rs 2.5 lakh required from the beneficiary. Eligibility is based on an annual family…

Latest StoriesResidential

Delhi Development Body Flats: Permissible Alterations with Conditions

Representative AI Image NEW DELHI: The Delhi Development Authority (DDA) has updated its policy on permissions and regularizations for modifications to flats. This allows owners of top-floor flats in low-rise housing blocks to construct specific permanent structures, under certain conditions. This marks the DDA’s first revision of its housing policy since 2007. The revised policy, developed in consultation with the Ministry of Housing and Urban Affairs, permits owners of flats in two-, three-, and four-story buildings to build permanent structures over areas created by enclosing courtyards or the resulting terrace from the floor below. The aim is to increase usable…

Latest StoriesRegulatory

CBI Files Chargesheet in Ozone Urbana Homebuyers’ Fraud Case

NEW DELHI: The CBI has filed a charge sheet against Ozone Urbana Infra Developers Pvt Ltd and its director in relation to alleged builder-banker nexus scams, where numerous home buyers were reportedly deceived by exaggerated promises made during the purchase of their apartments, officials announced on Friday. The CBI submitted its 17th charge sheet regarding the scam before the Special Court in Bengaluru, targeting the builder for “alleged fraudulent activities” connected to a housing project in the city. A CBI spokesperson stated, “Our investigation has uncovered that the accused builder company and its director engaged in a criminal conspiracy to…

IndustryLatest Stories

Oberoi Realty Q1 FY27 Net Profit Jumps 29% to ₹543.51 Crore

NEW DELHI: Oberoi Realty has announced a 29% rise in its net consolidated profit after tax, amounting to ₹543.51 crore for the quarter ending June 30, 2026, up from a profit of ₹421.25 crore in the same quarter last fiscal year, as stated in a regulatory filing. The company’s net consolidated total income rose by 26.8% to ₹1,361.69 crore in Q1 FY27, compared to ₹1,073.98 crore in Q1 FY26. As of June 30, 2026, the company’s net worth was ₹18,398.68 crore. Its debt-equity ratio was 0.15, and the current liability ratio was noted at 0.60. The operating margin for the…

Latest StoriesResidential

Notandas Realty Directors Buy Juhu Villa Wilson for ₹135 Crore

Representative AI image NEW DELHI: Mahesh Jagwani and Harsh Jagwani, directors of Notandas Realty, have purchased Villa Wilson, a bungalow located in Mumbai’s Juhu for ₹135 crore, according to a company statement. The property, situated near actor Amitabh Bachchan’s residence, spans approximately 1,038.50 square meters. This marks the second bungalow acquisition by the directors in Juhu in 2026; earlier, they bought the sea-facing Leela Bungalow for ₹221 crore. The company plans to work with international architects for the redevelopment of the property. Villa Wilson was previously owned by the Wilson family and designed by architect Nirmala Banaji, featuring a Spanish-style…

InfrastructureLatest Stories

Ranchi Takes Action Against Illegal Rural Building

Representative AI image RANCHI: The Ranchi district administration has taken action against unauthorized rural construction, warning property owners of severe legal repercussions if they do not comply with the government’s mandatory building plan approval requirements. In a public announcement made on Thursday, Sanjay Kumar Bhagat, the deputy development commissioner and CEO of the Zila Parishad in Ranchi, indicated that the administration will pursue strict legal measures against any construction that circumvents established protocols. According to state regulations, obtaining building layout plan approvals from the Zila Parishad is compulsory for any construction exceeding 5,000 square feet within Panchayati Raj Institutions. This…

Latest StoriesResidential

Delhi Minister Speeds Up Allotment of 7,400 EWS Flats

Representative AI image NEW DELHI: On Thursday, Delhi’s Urban Development Minister Ashish Sood announced that the city government is accelerating the upgrade and allocation of over 7,400 Economically Weaker Section (EWS) flats in Bhalswa. He emphasized that the homes will be expanded to enhance living conditions for beneficiaries. During an inspection of the ongoing renovation at the housing project, Sood indicated that current flats are being redesigned with an increased carpet area of about four to five square meters, aiming to meet the standards set by the Pradhan Mantri Awas Yojana (PMAY). This initiative encompasses over 7,400 EWS homes, with…