Category: Latest Stories

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Latest StoriesResidential

Vadodara: Akota Slum Residents Vacate Plot After 15 Years

VADODARA: In a commendable act of civic responsibility, residents of a Vadodara Municipal Corporation (VMC) plot in the Akota area have voluntarily cleared the land and allowed the civic body to demolish their homes, honoring a promise made 15 years ago. The residents, previously from the Pir Vasahat slum settlement in Akota, were asked to vacate in 2010 to facilitate the Akota-Dandia Bazaar Road development. While the VMC offered housing in Pratapnagar, many were hesitant to relocate due to the distance from their workplaces. “We had proposed finding a nearby plot in Akota for housing, but no scheme was available…

IndustryLatest Stories

Lodha Developers to Pay ₹520 Crore in V Hotels Legal Dispute

AI generated image. NEW DELHI: Lodha Developers Ltd has been instructed to deposit ₹520.80 crore as security related to an ongoing Supreme Court case against V Hotels Ltd, which the company acquired last year through insolvency proceedings. In a regulatory filing on Wednesday, Lodha revealed that this issue concerns proceedings initiated by the Enforcement Directorate (ED) against the former promoter of V Hotels Ltd (VHL) regarding a transaction of ₹520.80 crore, allegedly funneled through VHL before the onset of the insolvency process. Lodha anticipates that the Supreme Court will expedite the hearing in this matter, leading to the release of…

Latest StoriesRegulatory

NGT Notifies Delhi Jal Board for Illegal Borewells

NEW DELHI: The National Green Tribunal (NGT) has issued a notice to the Delhi Jal Board (DJB) following allegations that private builders have illegally installed borewells and are extracting groundwater without authorization. Arun Kumar Tomar, the petitioning individual, asserted that he had brought this issue to the attention of the DJB chairman on January 20, but no subsequent actions were taken. Tomar accused 19 private builders of digging illegal borewells throughout Delhi. The NGT bench, headed by Justice Prakash Shrivastava, acknowledged that the claims necessitate verification through a site inspection by the DJB. The bench also emphasized that the appropriate…

Latest StoriesRegulatory

Four Gurgaon Builders Fined for Illegal Groundwater Use

GURUGRAM: The Haryana Water Resources Authority (HWRA) has imposed a fine of ₹5 crore on four real estate developers in Gurugram for unauthorized groundwater extraction, following a directive from the National Green Tribunal (NGT). According to an inquiry report by HWRA chairperson Keshni Anand Arora submitted to the NGT, borewells and sump wells at multiple project sites in sectors 102, 103, and 37D have been sealed. The case originates from a petition filed with the NGT in 2023 regarding groundwater violations in the region. A joint committee’s report confirming these violations was submitted in November 2023. “We have imposed a…