Category: Latest Stories

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IndustryLatest Stories

Karnataka Cabinet Clears A-Khata for B-Khata in Illegal Layouts

BENGALURU: The Karnataka Cabinet has approved the issuance of A-khata certificates for B-khata properties situated in unauthorized layouts within urban local body jurisdictions, as announced by Minister H K Patil. During the post-cabinet meeting briefing, Patil outlined that this decision mirrors a previous resolution concerning B-khata properties in the region. He clarified that properties in officially sanctioned layouts receive A-khata, while B-khata properties exist in layouts lacking such endorsements. “The cabinet has sanctioned the granting of A-khata to sites and buildings, including apartments and flats, that currently possess B-khata in layouts formed without the necessary approvals from competent authorities, within…

IndustryLatest Stories

Shree KB Realty Acquires 3-Acre Land in Greater Noida for ₹122 Cr

Representative AI image NEW DELHI: Shree KB Realty, a real estate firm, has acquired a 3-acre plot in Greater Noida for ₹122 crore via auction to develop a commercial project. The company announced on Thursday that it secured a land parcel measuring 12,000 square meters (approximately 2.97 acres) for ₹122 crore, which includes lease rent and stamp duty. The land, situated in Greater Noida West, was obtained through an auction held by the Greater Noida Authority. Rakesh Singhal, founder of Shree KB Group, stated, “We plan to construct a commercial project on the purchased land, featuring a built-up area of…

InfrastructureLatest Stories

Kochi Metro Infopark Extension May Miss June 2026 Deadline

KOCHI: Kochi Metro Rail Ltd (KMRL) is racing to finish the first stretch of Phase II (Pink Line) from Jawaharlal Nehru (JLN) Stadium to Infopark by June 30. Although construction activities have increased with 80% of the piling work completed, there’s concern over the slow progress of essential civil works. Viaduct construction is at just 30%, and pier work is at 37%, leading to doubts about timely completion. “It’s a tough task, but we’re determined to open the first five stations by mid-year. We are already tendering key works, including a third rail traction system, but we need sufficient funding…

Latest StoriesResidential

16,000 Chandrapur Families to Receive Permanent Land Titles

File Photo CHANDRAPUR: On Wednesday, Maharashtra’s revenue minister, Chandrashekhar Bawankule, announced the initiation of the process to grant permanent land ownership rights to approximately 16,000 families residing in Chandrapur’s slum areas. He described this move as a significant step towards fostering inclusive urban development. Speaking at election rallies in the region, Bawankule highlighted that MLA Kishor Jorgewar had vigorously advocated for the regularization of land rights for Nazul landholders in the assembly, expressing his satisfaction that the government was finally honoring that commitment. Permanent land titles will be issued to households across 55 slum localities in Chandrapur. The minister urged…

Latest StoriesRegulatory

Gujarat’s Stamp Duty and Registration Fees Up 7% in 9M FY25

GANDHINAGAR | AHMEDABAD: The revenue generated by the Gujarat government from stamp duty and registration fees saw a notable 7% rise during the April-December 2025 period, increasing from ₹12,821 crore in 2024 to ₹13,699 crore in the initial nine months of the current financial year. Official sources indicate that income from these sources, driven by property registrations, is anticipated to exceed the budgetary target of ₹19,800 crore for the financial year 2025-26. “The increase in revenue is attributed to a rise in property transaction values. We expect total revenue for the financial year to surpass the budget estimate,” sources mentioned.…

Latest StoriesRegulatory

Ahmedabad collects ₹24 crore from property tax rebate scheme

AHMEDABAD: A property tax rebate scheme initiated by the Ahmedabad Municipal Corporation (AMC) from January 1 to March 31 has garnered a positive response. Within the first week, 24,887 taxpayers have paid property taxes totaling over Rs 24 crore. Collections have been significant across all seven zones. This initiative offers a 100% interest waiver for both residential and commercial properties under the previous tax formula from January to March. For residential properties using the new tax formula, interest waivers are set at 85% in January, 80% in February, and 75% in March, reducing by 5% each month to encourage early…

Latest StoriesRegulatory

NCLAT Backs Lucknow Body in Ansal Insolvency Case

LUCKNOW: In a significant decision for the Lucknow Development Authority (LDA), the National Company Law Appellate Tribunal (NCLAT) has ruled that no actions regarding the insolvency proceedings of Ansal Properties and Infrastructure Ltd can proceed without hearing from the Authority. This case involves alleged breaches of the High-Tech Township policy by the Ansal Group, including the non-delivery of plots, flats, villas, and commercial units booked by thousands of homebuyers in Lucknow since 2009. The NCLAT had previously accepted the insolvency petition, declared the real estate firm as bankrupt, and appointed an interim resolution professional, raising concerns about the interests of…

Latest StoriesRegulatory

SC issues notice to Centre & CPCB on Gurugram NGT plea

GURUGRAM: On Tuesday, the Supreme Court issued notices to the Centre and the Central Pollution Control Board (CPCB) regarding a civil appeal that challenges a National Green Tribunal (NGT) order. This order dismissed claims that a luxury apartment complex in DLF 3 was constructed by unlawfully diverting a designated protected forest area. The appeal was initiated by retired IFS officer RK Sharma along with journalist and social worker Pawan Kumar Bansal. They are contesting the NGT’s July 11, 2024 order, which rejected their concerns regarding the area near the Delhi-Gurgaon border. Bansal informed TOI that they approached the court because…

Latest StoriesResidential

Chhattisgarh Unveils Solar-Powered PMAY Homes for Tribals

Representative image RAIPUR: Chhattisgarh has introduced an innovative initiative, the first of its kind in India, by installing rooftop solar panels on the Prime Minister Janman Awas homes of Pahadi Korwa families, recognized as a Particularly Vulnerable Tribal Group. This aims to provide some of the state’s poorest tribal households with durable housing and minimal electricity expenses. In the pilot phase, rooftop solar systems have been set up on eight residences of Pahadi Korwa families in the remote Gudurumuda village, located in the Podi-Uproda block of Korba district. Officials from Chhattisgarh State Power Distribution Company Limited (CSPDCL) noted that this…

Latest StoriesRegulatory

Bombay HC Halts BMC’s Demolition of Rakhmabai Mhatre Chawl Homes

MUMBAI: The Bombay High Court has strongly criticized the Municipal Corporation of Greater Mumbai (BMC) for its demolition notices targeting six longstanding residents of Rakhmabai Mhatre Chawl in Mulund (East), categorizing the actions as “vague, arbitrary, malafide, and a misuse of power.” Justice Milind N Jadhav, in a ruling made on January 5, 2026, granted six Appeals From Orders filed by the residents: Anita Ashok Mapuskar, Amol Pandharinath Vedak, Manik Gajanan Thakur, Rajkumar Gamandas Ramchandani, Pushpalata Pandurang Ale, and Sudhir Sambhaji Jadhav. The court provided them absolute protection from any coercive measures from the BMC until their civil suits are…