Category: Latest Stories

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InfrastructureLatest Stories

Bhubaneswar BDA Advances Town Planning Scheme No. 8

BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has begun implementing Town Planning Scheme (TPS) no. 8, which encompasses 560.81 acres in the Andharua and Daspur mouzas. This initiative is part of the BDA’s extensive plan to promote systematic urban development without compulsory land acquisition for the proposed inner ring road in the TP zone, reducing delays and legal disputes. According to a recent tender released by the BDA, the agency will conduct a comprehensive survey of the area, defining scheme boundaries, roads, and plots, while installing markers at specific points. The agency’s responsibilities will include preparing layout maps, offering digital outputs…

IndustryLatest Stories

Signature Global to invest ₹380 crore in quake-resistant tech

Representative AI image NEW DELHI: Signature Global has entered into a ₹380-crore memorandum of understanding (MoU) with CECO Hirun, an Indo-Italian joint venture, to introduce advanced earthquake-resistant technology in its projects over the next 15 years. The Delhi-NCR region is situated in seismic zone IV. The advanced earthquake-resistant technology being utilized is Hysteretic Tuned Mass Dampers (HTMDs), which aim to minimize vibrations in high-rise buildings caused by seismic activity and wind, thus enhancing stability and comfort for occupants. “We plan to implement this technology in 80-100 towers over the next 15 years, particularly in buildings exceeding 150 meters in height,”…

Latest StoriesRegulatory

15 Arrested in ₹4 Crore Dharani-Bhu Bharati Scam in Jangaon

WARANGAL: On Friday, Jangaon police apprehended 15 members of a gang involved in a Rs 3.90 crore scam concerning Dharani and Bhu Bharati land registrations in Jangaon and Yadadri districts. Police reported that nine other suspects are currently at large. According to Warangal police commissioner Sunpreet Singh, the main culprits, Pasunuri Basava Raju and Jella Pandu, operated online service centers in Yadagirigutta. Another suspect, Ganesh Kumar, allegedly linked them to online land registration centers. The gang collected registration fees from farmers via MeeSeva operators and online service centers, falsely promising to pay challans using NRI accounts. The extorted money was…

InfrastructureLatest Stories

Chandigarh Maps 4,500 Properties in Sectors 2-17 Pilot Survey

CHANDIGARH: A review meeting for the NAKSHA pilot project took place under the leadership of Deputy Commissioner Nishant Kumar Yadav to evaluate the progress of field surveys and ground-truthing activities. The meeting was attended by the Additional Deputy Commissioner, officials from the Survey of India, and representatives from NIC, MC Chandigarh, NPMU Delhi, and MPSEDC Bhopal (via video link). Officials reported that Sectors 2 to 17 include around 7,000 properties, both residential and commercial. Approximately 4,500 properties have already been visited by NAKSHA field teams for validation and verification. Currently, about 20 field teams are actively surveying each day. Despite…

IndustryLatest Stories

Runwal Developers Secures SEBI Approval for IPO

NEW DELHI: Seven companies, including Runwal Developers in real estate, Lalbaba Engineering for engineering solutions, and Augmont Enterprises, which focuses on gold and silver, have received approval from Sebi to raise funds through initial public offerings (IPOs), as announced by the regulator on Friday. Other approved companies include Supreet Chemicals, Sillverton Industries (a manufacturer of eco-friendly paper), CJ Darcl Logistics, and fertility services provider Gaudium IVF, along with Women Health Ltd. These seven firms submitted their draft IPO documents between June and October and received observations from Sebi from January 12 to 15. In regulatory terms, this allows them to…

IndustryLatest Stories

Khata Freeze Leaves Thousands of Bengaluru Properties Stuck

Sure! Here’s a rewritten version of your content: BENGALURU: Property owners within the Greater Bengaluru Authority (GBA) limits face significant challenges in obtaining khata-related services for their properties, as khata bifurcation has been on hold for several years. The process for converting B-khata properties to A-khata has been exceedingly slow, and there are no provisions for khata division, leaving countless citizens with unusable property records. Residents believe that a shift in policy has exacerbated the issue. Previously, the Bangalore Development Authority (BDA) managed khata bifurcation, but this responsibility has since moved to the GBA’s town planning department. Officials assert that…

IndustryLatest Stories

NCLT Approves Poonawalla Finance Demerger of Lending, Real Estate

MUMBAI: The National Company Law Tribunal (NCLT) has sanctioned a composite scheme of arrangement for Poonawalla Finance and its real estate divisions, facilitating a multi-step demerger intended to separate its lending and real estate operations. According to the tribunal’s Mumbai bench order, the restructuring aligns with Sections 230 to 232 of the Companies Act, empowering Poonawalla Finance to transfer specific business undertakings into two distinct entities: Rising Sun Holdings and Synergist Realtors. The NCLT deemed the scheme fair, reasonable, and compliant with the law, noting the absence of objections from shareholders, creditors, or regulators. Post-restructuring, Poonawalla Finance will operate as…

IndustryLatest Stories

Ahmedabad Civic Body Starts Asset Monetisation to Boost Revenue

AHMEDABAD: The Asset Monetisation Cell (AMC) of the city is making its inaugural move to devise a strategy for evaluating and selling both AMC-owned and leased properties. Established in March 2025, the cell has issued a tender to appoint a consultant, with selections set to be finalized next month. This collaboration will aim to develop an effective sales strategy. The selected consultant will chiefly target the sale of 4,113 leasehold properties, including the notable Municipal Market located on CG Road. Bidders have until January 31 to submit their proposals, with an expected total property valuation exceeding Rs 2,000 crore. Moreover,…

Latest StoriesResidential

DTCP Sends Notice to Mayfield Garden RWA for Alleged Encroachment

GURUGRAM: The Department of Town and Country Planning (DTCP) has served a show-cause notice to the RWA of Mayfield Garden’s N Block along with a private entity regarding alleged encroachment on a 1.25-acre site designated for a public dispensary in Sector 51. Officials reported that unauthorized constructions, including shops, houses, and labor hutments—collectively referred to as Kamla Market—were found on land that is reserved under the approved layout plan for the licensed colony. As stated in the notice issued under Section 10(2) of the Act, the land, developed under various licenses between 1994 and 2009, has been illegally encroached upon,…

IndustryLatest Stories

Sobha Q3 FY26 Net Profit Drops by 28.87%

NEW DELHI: Bengaluru-based Sobha reported a 28.87% decline in net consolidated profit for Q3 FY26, ending December 31, 2025. The profit after tax was ₹15.42 crore, compared to ₹21.68 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, marking a 21.78% decrease from ₹1,256.87 crore in the same quarter last year. Jagadish Nangineni, the managing director, stated, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily tempered quarterly profitability, we are optimistic about expediting project completions, which will significantly improve our…