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IndustryLatest Stories

Bhubaneswar body criticized for delayed PMAY-U 2.0 village list

BHUBANESWAR: The Housing and Urban Development Department has once again reprimanded the Bhubaneswar Development Authority (BDA) for not providing the required list of revenue villages for the Pradhan Mantri Awas Yojana–Urban 2.0 (PMAY-U 2.0). A reminder was issued, instructing the authority to submit the certified list “immediately.” In the reminder, Joint Secretary Satish Chandra Singh noted that despite prior instructions on February 28, 2025, BDA failed to provide the list of villages certified by the Vice-Chairman in the required format. The department emphasized the need for BDA to prioritize this matter, citing that the delay has a direct impact on…

InfrastructureLatest Stories

Illegal colonies on 8.5 acres demolished in Gurugram

GURUGRAM: The Department of Town and Country Planning (DTCP) has launched a crackdown on illegal real estate activities, demolishing unauthorized colonies across 8.5 acres in the city, as reported by officials on Friday. This initiative, supported by police, aims to curb unplanned urbanization and prevent the sale of illegal plots. The first phase of demolitions began on January 14 in Pataudi’s urban area, targeting two unauthorized colonies. In the revenue estate of village Khor, a 4-acre illegal colony was dismantled, leading to the demolition of 15 damp-proof courses (DPCs), five boundary walls, and an internal earthen road network. Additionally, a…

IndustryLatest Stories

Telangana to Issue TDRs for Land Near Water Bodies

Representative Image HYDERABAD: In a bid to promote the utilization of transferable development rights (TDR) in the state and generate market interest, the municipal administration department has stipulated that 10% of the built-up area in high-rise buildings exceeding 10 floors should be allocated through TDRs. This initiative aims to benefit landowners holding TDRs. Currently, the GHMC and other agencies offer TDRs instead of cash compensation for land acquired for various projects and road expansions. However, there is minimal demand for TDRs, forcing owners to sell them at significantly reduced prices. Developers can utilize TDR for additional built-up space. The state…

Latest StoriesRegulatory

NGT Seeks Input on Violations in Haridwar Housing Project

DEHRADUN: The National Green Tribunal (NGT) has requested the Uttarakhand Pollution Control Board and the Haridwar-Roorkee Development Authority to respond to accusations of illegal construction and environmental breaches at the Mantra Happy Homes Group housing project in Haridwar. The hearing is scheduled for April 7. This order was issued on January 12 in response to a petition by resident Sanjeev Kumar, who argued that the housing project was initially approved for 170 flats and 68 plots, with a designated green park area of 2,202.7 square meters. He claimed that the project was altered, increasing the flats to 272 without a…

IndustryLatest Stories

UP CM Orders Action on Land Lease Allocation Irregularities

File Photo GORAKHPUR: On Friday, Chief Minister Yogi Adityanath instructed officials to enforce strict measures against irregularities in land lease allocations, emphasizing that any allotments made for financial gain will not be tolerated. The directives were given during the Janata Darshan held at the Gorakhnath Temple, where the CM engaged with around 200 attendees to address their concerns. The Janata Darshan followed a two-day review of security arrangements and facilities for devotees attending the Makar Sankranti/Khichdi Mela. During the event, the chief minister personally interacted with attendees, listened to their grievances, and ensured applications were forwarded to relevant departments with…

Latest StoriesRegulatory

NGT Issues Notices for Illegal Construction in Rohini Green Belt

Sure! Here’s a rewritten version of the content: NEW DELHI: The National Green Tribunal has issued notices to the Delhi Pollution Control Committee, DDA, and other relevant agencies concerning a complaint about unauthorized construction in a green belt located in Rohini’s Sector 16. The tribunal mandated that the respondents comply with the 2021 Master Plan and the Environment (Protection) Act of 1986, instructing that both preventive and punitive measures be implemented within one month. The NGT is reviewing a petition from activist Varun Gulati, who alleges encroachment and illegal building activities on a designated green area in Block-D, Pocket-1, Sector-16,…

IndustryLatest Stories

CRDA to Offer Single Layout for Returnable LPS Plots

Representative image VIJAYAWADA: The Capital Region Development Authority (CRDA) is set to create a unified layout for returnable plots in the second phase of its land pooling initiative. A decision is anticipated soon, having already been reviewed by officials and submitted to the government for approval. The government aims to acquire 20,494 acres as part of Amaravati’s expansion through Land Pooling Scheme (LPS) 2.0. During the first phase, layouts were established in various villages, as farmers requested returnable plots in their respective areas, though not necessarily on the same land. This approach resulted in fragmented parcels, complicating the government’s ability…

IndustryLatest Stories

Over 70 Realty Projects Missed Registration Deadline: RTI Reply

Sure! Here’s a rewritten version of the content you provided: BHUBANESWAR: Concerns are rising among promoters and homebuyers due to delays in the issuance of registration certificates by the Odisha Real Estate Regulatory Authority (ORERA). An RTI response has highlighted significant lapses from the approved timelines. As per the Odisha Real Estate (Regulation and Development) Act, 2016, intended to safeguard homebuyers’ interests while regulating the sector, the authority is required to process registration applications within 30 days of receipt. Currently, many approvals are taking much longer than this timeframe. The RTI response indicated that 72 projects have yet to receive…

IndustryLatest Stories

Lodha Developers Q3 FY26 Net Debt Rises ₹800 Cr to ₹6,170 Cr

NEW DELHI: Lodha Developers Ltd. has reported a 15% rise in net debt, reaching Rs 6,170 crore for the October-December period due to aggressive land acquisitions aimed at business expansion. Lodha Developers, a prominent name in the Indian real estate sector, operates under the Lodha brand. According to the company’s operational update, its net debt was Rs 6,170 crore at the end of Q3 for the fiscal year 2025-26, up from Rs 5,370 crore on September 30, 2025. “Despite substantial investments in business development during the first nine months of this fiscal year, our net debt remains at Rs 61.7…

Latest StoriesRegulatory

Delhi’s Property Tax Collection Hits Record ₹2,700 Crore

NEW DELHI: The Municipal Corporation of Delhi (MCD) has achieved a record property tax collection, exceeding Rs 2,700 crore by December 31 for the 2025-26 financial year. This represents a significant increase of approximately 45% compared to the same period last year, according to officials’ statements made on Saturday. Officials noted that this growth was accompanied by a notable rise in the taxpayer base. The number of registered property taxpayers grew from 10.31 lakh in 2024-25 to 12.43 lakh this year, reflecting an increase of nearly 21%. Civic officials attributed this surge to enhanced taxpayer engagement, stricter enforcement, and favorable…