Category: Latest Stories

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Latest StoriesRegulatory

Ghaziabad Body Raises ₹194 Crore from Property Sales

GHAZIABAD: In its first auction of the year, the GDA generated Rs 194 crore from property sales. In Madhuban Bapudham (MBD), Pocket A, three land parcels of 2,382 sqm each were sold at Rs 66,500/sqm, Rs 67,100/sqm, and Rs 67,300/sqm, surpassing the base price of Rs 52,500/sqm. This collectively brought in Rs 47 crore for the GDA. Additionally, another land parcel of 8,875 sqm in MBD, reserved at Rs 52,500/sqm, was auctioned for Rs 53,200/sqm, contributing another Rs 47 crore. An 8,355 sqm land parcel sold for Rs 53,000/sqm against the same base price, adding Rs 44 crore to the…

CommercialLatest Stories

Jaipur Seals Three Buildings for Illegal Construction

JAIPUR: In its ongoing efforts to combat illegal construction and unauthorized commercial operations, the Jaipur Municipal Corporation (JMC) conducted a sealing operation in Ramganj Bazaar and Johari Bazaar on Friday. The JMC sealed House No 1980 on Thakur Pachewar ka Rasta in Johari Bazaar due to unauthorized construction and misuse of the property. Similarly, illegal construction and unauthorized commercial activities were identified at Shop No 79 and Shop No 80 in Ramganj Bazaar, resulting in their sealing. Vijendra Kumar stated that notices had previously been issued to the property owners and shopkeepers, but they did not comply within the given…

InfrastructureLatest Stories

Ghaziabad: Illegal Colonies Demolished on 13 Hectares of Floodplain

GHAZIABAD: The Ghaziabad administration conducted a significant demolition operation in Loni tehsil on Thursday, targeting illegal land occupancy and unauthorized colonies. District Magistrate Ravindra Kumar Mandar instructed all tehsils to establish task forces to tackle the land mafia. According to officials, illegal constructions spread over approximately 13.5 hectares were dismantled. Officials reported that these constructions were unauthorized and breached land-use regulations, including developments in the river’s floodplain area. Deepak Singhanwal, the Sub-Divisional Magistrate (SDM) of Loni, noted that illegal plotting occurred on the Yamuna floodplains, where offenders erected boundary walls and initiated unauthorized constructions by installing pillars. “It is common…

Latest StoriesResidential

Chandigarh’s 2023 Notification Eases CHB Resident Norms

CHANDIGARH: The Chandigarh administration is set to reinstate the January 3, 2023 notification regarding the regularization of need-based modifications, bringing significant relief to over 3.5 lakh residents living in approximately 66,000 Chandigarh Housing Board (CHB) homes. This notification was put on hold following a Supreme Court ruling on January 10, 2023. During a press briefing at the UT secretariat in Sector 9 on Friday, Chief Secretary H. Rajesh Prasad announced that a new notification will be issued by the end of January, allowing for the regularization of modifications, subject to applicable fees. He mentioned that the relaxations and exemptions granted…

IndustryLatest Stories

Delhi: Signature View Apartments Demolition Delayed for Proof

NEW DELHI: The Delhi Development Authority’s initiative to demolish and reconstruct Signature View Apartments has been temporarily halted despite approvals from the Supreme Court and Delhi High Court. The Central Bureau of Investigation (CBI) is investigating allegations of irregularities and corruption concerning the construction of these towers and has requested the Authority to suspend the demolition until it gathers necessary evidence from the site. Facing tight deadlines while simultaneously paying rent to former tenants, the Authority informed the High Court on Friday about the CBI’s directive and requested judicial intervention. Senior advocate Sanjay Jain, representing the land-owning organization, noted that…

CommercialLatest Stories

UP Announces Subsidy Guidelines to Attract GCCs

LUCKNOW: The Yogi Adityanath government aims to position Uttar Pradesh as a prime destination for Global Capability Centres (GCCs) by announcing comprehensive standard operating procedures (SOPs). These SOPs, recently approved by the state cabinet, outline regional incentives to promote balanced industrial growth across the state. Under this initiative, GCCs establishing operations in Gautam Budh Nagar and Ghaziabad can benefit from a 30% land subsidy on purchases from government agencies. In other parts of Paschimanchal (excluding the aforementioned areas) and the Madhyanchal region, a 40% subsidy is available. To encourage investment in less developed regions, the state offers subsidies of up…

IndustryLatest Stories

Over 99% E-Khata Applications Approved: Bengaluru Authority Data

BENGALURU: The Greater Bengaluru Authority’s e-Khata initiative has demonstrated exceptional administrative performance, with over 99% of applications processed across the city, as per corporation-wise data from January 7. In total, five city corporations received 9.1 lakh applications, with approximately 9 lakh already approved. The West city corporation recorded the highest volume of applications at 2.7 lakh, followed closely by the South with 2 lakh. Officials noted that the higher backlog in these areas was directly related to the volume of applications received. Delays predominantly stemmed from mutation processing, which constituted more than 90% of pending cases citywide. The West region…

Latest StoriesRera

Gujarat RERA Directs Builder to Pay Maintenance on Unsold Units

AHMEDABAD: The Gujarat Real Estate Regulatory Authority (GujRERA) has ruled that developers are required to pay maintenance charges for unsold units to housing societies from the date that Building Use (BU) permission is granted until those units are sold. In a case involving a housing society in Vastrapur, GujRERA stated that the promoter is responsible for ongoing maintenance of any unsold flats or units. This ruling came after the society reported that the developer had not settled maintenance fees for these unsold units, placing an additional financial burden on current residents. The complaint indicated that BU permission was obtained in…

Latest StoriesResidential

Odisha to Finish 48,000 Pending PMAY-U Homes

BHUBANESWAR: The housing and urban development department plans to construct over 48,000 incomplete houses under the Pradhan Mantri Awas Yojana–Urban (PMAY-U), with the scheme deadline extended to December 31, 2025. The Union housing and urban affairs ministry informed the state that the PMAY-U was launched on June 25, 2015, to provide durable houses with essential amenities to eligible urban populations nationwide. The ministry noted, “The implementation period of the PMAY-U scheme, previously ending on March 31, 2022, has been extended to December 31, 2025, allowing sanctioned houses to be completed without altering the funding framework and implementation strategy.” As per…

InfrastructureLatest Stories

Bengaluru body demolishes ‘illegal’ homes in Saraipalya

Representative AI image BENGALURU: On Thursday around 6 AM, residents of Saraipalya in Thanisandra, north Bengaluru, were awakened by the sound of heavy machinery demolishing their homes. The Bangalore Development Authority (BDA) executed the demolition on survey numbers 28/1 and 28/2 of Thanisandra village. BDA superintendent K Lakshmi Ganesh informed TOI that approximately 22 “illegal” structures across two acres were taken down, including nine godowns, a car garage, and a furniture shed. Around 12 families were living in the sheds, which are on land designated as BDA property. However, locals reported that over 60 structures were demolished. When questioned about…