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IndustryLatest Stories

L&T Realty Acquires Delhi Land for ₹200 Crore

Representative AI image NEW DELHI: L&T Realty Developers Ltd (LTRDL), a fully owned subsidiary of Larsen & Toubro (L&T), has acquired a 2.5-acre land parcel in central Delhi for approximately Rs 200 crore, according to two sources familiar with the matter. The Mumbai-based developer, which has been expanding in the National Capital Region through acquisitions in Noida and Gurugram, plans to develop a luxury residential project on this site. This acquisition follows L&T Realty Properties Ltd’s (LTRPL) 100% stake purchase in International Green Scapes Ltd (IGSL), providing access to a 20-acre land parcel in Gurugram with a development potential of…

Latest StoriesResidential

Karnataka CM promises legal steps for apartment owners’ issues

BENGALURU: Karnataka Chief Minister D K Shivakumar assured residents gathered outside his home that the state government would implement legal measures to address their concerns, including issues related to property registration and civic matters. Shivakumar emphasized the challenges many face regarding property ownership, stating that purchasing an apartment should automatically confer rightful ownership. He noted that numerous residents struggle with property registration. “Through the Bhu Guarantee initiative, we will ensure your property is transferred to your name,” he added. This scheme, part of the Karnataka government’s sixth guarantee, aims to secure digital property rights, simplify land ownership, and streamline property…

Latest StoriesRegulatory

SC to Hear ED’s Plea on Amrapali Money Laundering Case Transfer

NEW DELHI: On Wednesday, the Supreme Court agreed to consider the Enforcement Directorate’s plea regarding the Allahabad High Court’s ruling that transferred a money laundering case involving the Amrapali group, accused of diverting homebuyers’ funds. The Lucknow bench of the High Court, on August 11, 2025, decided to move the case filed by the ED against Ajay Kumar and two others from a special PMLA court in Lucknow to a designated court in Ghaziabad. The Supreme Court, comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana, acknowledged the arguments presented by Additional Solicitor General S V Raju,…

InfrastructureLatest Stories

Kalyan-Dombivli fines Titwala for waste management failure

Kalyan: The Kalyan-Dombivli Municipal Corporation (KDMC) has levied a penalty of ₹1 lakh against Regency Sarvam township in Titwala for allegedly failing to manage its solid waste, officials reported on Tuesday, according to Pradeep Gupta. The civic body’s Solid Waste Management Department took this action following numerous complaints about the township’s malfunctioning garbage collection and waste processing facilities, which led to improper waste disposal. Following directives from KDMC Commissioner Abhinav Goel and Additional Commissioner Harshal Gaikwad, Deputy Commissioner (Solid Waste Management) Ramdas Kokare ordered an inspection. A sanitation officer and his team discovered that the township’s internal waste processing facility…

IndustryLatest Stories

Karnataka Launches Apartment Bill to Protect Property Owners

BENGALURU: On Wednesday, the Karnataka government introduced the proposed Karnataka Apartment (Ownership and Management) Bill, 2026. This initiative aims to repeal outdated laws that have been in place for over fifty years and establish a cohesive legal framework that will protect the rights of apartment owners, improve governance, and support the redevelopment of aging residential complexes. The proposed legislation, developed in consultation with apartment owners’ associations in Bengaluru, seeks to replace the Karnataka Apartment Ownership Act of 1972 and the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act of 1972. The government posits that…

InfrastructureLatest Stories

Panchkula Takes Action Against Illegal Colonies

Representative AI image PANCHKULA: An enforcement drive conducted by the district town planning (DTP) department led to the demolition of two unauthorized colonies in Barwala and Plasra villages on Tuesday. In accordance with the directives from Deputy Commissioner Satpal Sharma, the DTP team utilized JCB machines to dismantle an unpaved road, a damp-proof course (DPC) structure, and boundary demarcations for three plots. District Town Planner Babita Gupta emphasized that no construction or colony development is allowed without the prior approval of the Director of the Town and Country Planning Department, Haryana. She cautioned that strict action will be taken against…

IndustryLatest Stories

Mohali Body Sets 15-Day Deadline for Land Pooling Claims

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has called on landowners whose properties were acquired for the Eco City-3 project in New Chandigarh to submit or update their claims under the land pooling scheme. In a public notice, Gmada encouraged landowners who have not yet opted for the land pooling option to download the required application form, fill in the necessary revenue details, and submit it to the Land Acquisition Collector (LAC) office, Gmada. The authority has also requested that landowners who have previously applied under the scheme confirm or update their land pooling preferences within…

Latest StoriesRera

UP-RERA Requires Separate Bank Account for IFMS Deposits

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced amendments to the UP-RERA General Regulations, 2019, establishing guidelines for the collection, management, transfer, and utilization of Interest Free Maintenance Security (IFMS) funds. The 12th amendment has been added under Regulation 47 and will take effect from the date of publication on the authority’s website. According to the updated regulations, promoters must collect IFMS from allottees at the time of registering a sale, lease, or sub-lease deed and deposit the amount in a designated account with a scheduled bank. The funds collected should be invested…

Latest StoriesResidential

Ranchi Civic Body Warns 232 PMAY Beneficiaries for Illegal Rentals

RANCHI: This Tuesday, the Ranchi Municipal Corporation (RMC) initiated a campaign against the misuse of welfare housing. They issued show-cause notices to 232 beneficiaries of the Pradhan Mantri Awas Yojana (Urban) for unlawfully renting out their designated properties. The enforcement action was prompted by reports of unauthorized subletting within the residential complex at the Light House Project in Dhurwa, developed under the housing scheme. A preliminary investigation by civic officials uncovered that many recipients were not residing in their allocated flats, undermining the primary goal of the initiative and converting the subsidized housing into rental ventures. Authorities stated that this…

Latest StoriesRegulatory

Bombay HC Rejects Plea on Mulshi Land for Housing Project

PUNE: The Bombay High Court ruled that the state has the authority to repurpose gairan lands—government-owned communal land designated for free grazing of village livestock—for public projects by the central or state governments. This decision was made under Section 40 of the Maharashtra Land Revenue Code (MLRC), which takes precedence over other provisions. A bench of Justice Manish Pitale and Justice Shreeram V Shirsat dismissed a writ petition from the gram panchayat of Nere village in Mulshi taluka and two villagers, challenging the district collector’s orders from June 13, 2025. These orders involved allocating two gairan land parcels of 4…