Category: Latest Stories

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InfrastructureLatest Stories

Goa Plans New Green Areas in Calangute, Anjuna for Settlements

Representative image PANAJI: Just days after the town and country planning department annulled the conversion of 300,000 sqm in Arambol, the department approved the conversion of eco-sensitive land under Section 39A of the Goa Town and Country Planning Act in Calangute, Para, Anjuna, and Aldona. The department authorized 15 proposals that collectively convert 35,685 sqm of orchards and natural tree cover into settlement zones, predominantly affecting ecologically sensitive areas sought by real estate developers. The TCP board adopted these proposals during its 225th meeting, issuing a relevant gazette notification thereafter. A significant portion of the land identified for conversion exists…

InfrastructureLatest Stories

Nagpur Metro Phase III Extended to New Nagpur and Butibori

File Photo NAGPUR: The expansion of the Metro’s Phase 3 is set to exceed its original limits, with plans to extend the network to New Nagpur and add an additional 5 km stretch beyond Butibori MIDC, greatly expanding the city’s future mass transit infrastructure, according to senior officials from MahaMetro speaking to TOI. The updated plan has been integrated into the Comprehensive Mobility Plan (CMP) and submitted to the government. Initially, Phase 3 was designed primarily as a Sitabuldi-Koradi corridor to enhance connectivity between the city center and the rapidly growing northern region. Current plans include the addition of two…

Latest StoriesRegulatory

HC Rejects Noida Authority’s ₹168 Crore Lease Rent Claim

NOIDA: The Allahabad High Court has annulled a lease rent demand of approximately Rs 168 crore raised by the Noida Authority against Vision Town Planners concerning a commercial plot in Sector 94 that was initially allocated to BPTP International Trade Centre Ltd. On December 19, Justice Prakash Padia also mandated a refund of around Rs 7.4 crore collected as change in constitution (CIC) charges, along with 9% annual interest. The court ruled that the authority acted unlawfully by imposing lease rent without providing legal possession of the subdivided plot, and improperly retained CIC charges, despite established judicial precedents that deemed…

Latest StoriesRegulatory

ED Files Charge Sheet in ₹145-Crore Sand Mining Case

KOLKATA: On Saturday, the Enforcement Directorate (ED) filed a charge sheet at the special CBI court regarding illegal sand mining in Bengal, estimating the financial irregularities at nearly Rs 145 crore. The charge sheet identifies 14 companies and four individuals, including businessman Arun Saraf and three employees. Another businessman, Anuran Kumar Senapati, previously questioned by the ED, has been designated as a witness. “My client fully cooperated with the investigating agency,” stated Senapati’s lawyer, Sanjib Dan. The ED’s investigation uncovered that illegal sand mining and sales had been ongoing for an extended period under various companies. They allege that Saraf…

CommercialLatest Stories

Six Commercial Plots Secured in Pithampur’s Sector 7

Representative AI image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated land to six owners under the land pooling scheme, part of the development of the Sector 7 industrial belt in Pithampur. The allocation process involved 47 commercial plots valued at ₹47 crore, following an invitation for applications from landowners. Two owners opted for alternative locations, which will be allotted later, while seven others who could not attend will be included in a lottery supervised by officials. Himanshu Prajapati, executive director of MPIDC Indore, stated, “Any remaining compensation will be promptly settled with the allocation of residential plots…

IndustryLatest Stories

Sobha’s Q3 FY26 Sales Bookings Surge 52% to ₹2,115 Crore

NEW DELHI: Sobha Ltd, a prominent real estate firm, has announced a remarkable 52% surge in sales bookings, totaling ₹2,115.2 crore for the third quarter of this fiscal year. This growth is attributed to increased volumes and favorable price realization, buoyed by strong housing demand. In comparison, the Bengaluru-based company recorded sales of ₹1,388.6 crore during the same period last year. “We have achieved a historic quarterly performance, with record real estate sales of ₹2,115 crore,” Sobha Ltd noted in its regulatory announcement on Saturday. In terms of physical sales, Sobha Ltd sold 1,370,340 sq ft from October to December,…

InfrastructureLatest Stories

CRDA Offices Established for Amaravati Land Pooling Phase II

Representative image VIJAYAWADA: The Capital Region Development Authority (CRDA) is moving forward with the second phase of land pooling in Amaravati. Unit offices are being established in the villages included in this phase, with activities now underway in seven of the nine offices. These villages are located in the Tulluru and Amaravati (old) mandals within the Guntur and Palnadu districts. Comprehensive reports detailing village-specific land information, farmers’ land ownership, crop patterns, and the profiles of landless laborers in the pooling area have been submitted to respective district collectors. Staff assigned to the unit offices are being trained to accurately record…

Latest StoriesRegulatory

Seven Landlords Charged for Breaking Tenant Verification Rules in Jammu

Representative AI image JAMMU: On Saturday, Jammu and Kashmir Police took action against seven landlords for allegedly allowing tenants to reside on their properties without proper police verification. This initiative has been intensified ahead of the Republic Day celebrations, according to police reports. Police Station Bahu Fort has filed five FIRs under Section 223 of the BNS against landlords for infringing upon the District Magistrate’s order by not ensuring that tenants undergo mandatory police verification. In addition, two more FIRs were documented at Police Station Channi Himmat regarding similar violations. These actions form part of a routine verification campaign aimed…

Latest StoriesRegulatory

SC Requests UP Government Files on Amrapali for Faster OC Approvals

Supreme Court of India NOIDA: The Supreme Court has directed the Uttar Pradesh government to provide documents related to the distribution of completion certificates (CCs) and occupancy certificates (OCs) for Amrapali Group housing developments. The court emphasized that the process should not be held up due to the absence of documents from the now-defunct developer. This order is part of ongoing efforts to address the longstanding case impacting thousands of homebuyers. A bench comprised of Justices Sanjay Kumar and Satish Chandra Sharma, during proceedings on December 11, instructed Noida Authority, Greater Noida Industrial Development Authority (GNIDA), and related agencies not…

Latest StoriesRegulatory

ED Seizes ₹100 Crore Assets of Amrapali Group

LUCKNOW: The Enforcement Directorate’s Lucknow zonal office has provisionally attached immovable assets valued at approximately ₹100 crore belonging to the Amrapali Group in relation to a money laundering investigation. The assets include the office and factory land and buildings connected to Mauria Udyog, a subsidiary of the Sureka Group founded by Navneet and Akhil Sureka of Amrapali Group. The investigation was prompted by multiple FIRs filed at various police stations in Gautam Budh Nagar, along with an order from the Supreme Court dated July 23, 2019, in the case of Bikram Chatterji & Others vs. Union of India & Others,…