Category: Latest Stories

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Latest StoriesRera

Karnataka RERA Orders Builder to Submit Mysuru Project Compliance Plan

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has instructed a builder from Haryana to provide a comprehensive compliance report and action plan within 30 days. This plan must detail the completed and outstanding amenities and infrastructure for the Astrum Grandview – Phase I project, aligned with approved plans, agreements, and representations made to buyers, supported by relevant documentation. In an order issued on December 31, 2025, the Authority responded to complaints from 19 homebuyers, requiring the builder to submit a schedule outlining when all pending amenities, common facilities, and statutory obligations will be fulfilled. The order cautioned that non-compliance…

IndustryLatest Stories

Maharashtra Tightens SRA Norms to Secure Rehab Dues on Flats

The Slum Rehabilitation Authority (SRA), the Maharashtra government’s key agency for slum redevelopment, has tightened regulations on free-sale inventory in slum rehabilitation projects. It now requires the preemptive freezing of designated sale flats to ensure transit rent payments and the fulfillment of permanent alternate accommodation (PAP) obligations for eligible slum inhabitants. In a comprehensive office order issued in accordance with previous directives and the Bombay High Court’s rulings, the SRA stated that sale flats will be ring-fenced at the Intimation of Approval (IOA) stage, as well as during the issuance of amended IOAs, Letters of Intent (LOIs), or revised LOIs.…

Latest StoriesResidential

548 Families Still Await Allotments in Karnataka CM’s Housing Scheme

BENGALURU: Confusion between the Greater Bengaluru Authority (GBA) and the Rajiv Gandhi Housing Corporation Limited (RGHCL) has left 548 families stranded, despite fully constructed homes awaiting allocation under the chief minister’s Rs 1-lakh multi-storey housing scheme. Nearly 500 beneficiaries who arrived at the RGHCL office on KG Road on Monday to collect possession documents and keys were turned away, as officials stated that the final list of allottees had not yet been provided by GBA. With no update on the resolution, the beneficiaries held a silent protest outside the office. Parashuram Shinnalkar, managing director of RGHCL, stated that the corporation…

Latest StoriesRegulatory

Lucknow Civic Body Acts to Collect House Tax Dues

LUCKNOW: The Lucknow Municipal Corporation (LMC) launched a comprehensive initiative on Wednesday to recover outstanding house tax, resulting in the sealing and attachment of numerous residential and commercial properties across multiple zones. Municipal commissioner Gaurav Kumar directed this tax recovery effort with the aim of enhancing revenue. Officials confirmed that enforcement actions against tax defaulters will persist. LMC teams sealed several properties in zone-1 due to unpaid dues. A building on Naval Kishore Road was sealed for an outstanding house tax of ₹17.94 lakh. Following this action, the owner promptly paid ₹4 lakh to the corporation. Additionally, two properties on…

IndustryLatest Stories

Mohali Body Launches E-Auction for 42 Sites Worth ₹5,460 Crore

MOHALI: Punjab’s housing and urban development minister, Hardeep Singh Mundian, has announced a significant step in urban development with the Greater Mohali Area Development Authority (GMADA) set to auction 42 premium sites valued at Rs 5,460 crore through an online platform. The inaugural mega e-auction will take place from January 14 to February 11, 2026. The minister highlighted that this auction aligns with the Bhagwant Singh Mann government’s goal of stabilizing property prices, ensuring transparency, and fostering investor-friendly policies to attract homebuyers, entrepreneurs, and institutional stakeholders. The sites available include residential plots, shop-cum-offices (SCOs), mixed-use areas, collective housing plots, as…

Latest StoriesResidential

Kolkata: E-Auction of 10 New Town Residential Plots

Representative AI image KOLKATA: The state government has designated additional land in New Town for residential housing projects. The West Bengal Housing Infrastructure Development Corporation plans to e-auction 10 large plots, approximately 4.7 acres in total, on a freehold basis for residential purposes. Officials indicated that the plots up for auction vary in size from 1,500 sq m to 2,000 sq m and are located in Action Area II. The auction is set to take place next month. The authorities are calling for bids from eligible corporate bodies registered under the Companies Act, as well as registered trusts or societies.…

InfrastructureLatest Stories

Mangaluru City Launches Drives Against Illegal Buildings

Representative AI image MANGALURU: The Mangaluru City Corporation (MCC) is intensifying efforts against illegal constructions that violate city regulations. City officials confirmed that demolition activities will persist to eliminate unauthorized buildings. One such structure was reportedly erected in Alape village, breaching the approved building plan by converting ground-floor parking into living space. To uphold public interest and enforce compliance, a demolition was executed on Monday following an order from MCC Commissioner Ravichandra Naik. According to the commissioner, the owner of the property in Alape contravened the approved plans and illegally constructed within designated parking areas. The assistant town planning officer…

InfrastructureLatest Stories

Rainwater Harvesting Required for Large Buildings in Goa

PANAJI: The Goa government has mandated rooftop rainwater harvesting for large residential, commercial, and government buildings, announced Water Resources Minister Subhash Shirodkar in the legislative assembly on Wednesday. Responding to a question posed by BJP’s Krishna Salkar during the ongoing winter session, Shirodkar stated that his department has been working on post-monsoon water harvesting in rivers, nullahs, and streams by constructing dams and bunds. The department is also advocating for rooftop rainwater harvesting in office complexes, schools, and other institutions, in addition to building rainwater harvesting pits to support groundwater recharge. The minister revealed that the state government officially announced…

IndustryLatest Stories

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

IndustryLatest Stories

Ajmera Realty Sees ₹1,431 Crore Sales in First 9 Months FY26

NEW DELHI: Ajmera Realty & Infra India (ARIIL) witnessed a remarkable 72% year-on-year increase in sales during the first nine months of FY26, reaching a sales value of ₹1,431 crore. The company is optimistic about surpassing its annual sales target of ₹1,600 crore. Dhaval Ajmera, the director of corporate affairs, stated, “We’ve experienced strong growth, achieving double the sales and collections compared to the previous quarter. This robust performance has reinforced our overall growth trajectory, resulting in nearly 70% growth across both metrics for the nine-month period. With ₹1,431 crore in sales already secured, we’ve exceeded our target and are…