Category: Latest Stories

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IndustryLatest Stories

Chandigarh to Permit Industrial Plot Split for Four Kanal Units

Representative Image CHANDIGARH: The UT administration has proposed that fragmentation will only be allowed for industrial plots measuring 4 kanal and larger, as detailed in a draft released on Friday for public feedback. The administration aims to introduce a comprehensive framework for fragmentation under the proposed amendments to the Chandigarh Master Plan (CMP)-2031, which focuses on promoting sustainable and regulated development. A thorough guide will be provided to ensure the process is not misused. According to the proposal, plots with a width of less than 60 feet will not be eligible for fragmentation. For plots measuring 4 kanal and above,…

IndustryLatest Stories

Chennai to Issue Building Permits in 27 Days

CHENNAI: To combat bribery and reduce bureaucratic delays, the Greater Chennai Corporation (GCC) has mandated that the town planning department issue planning permissions and building permits within a maximum of 27 days. Officials are prohibited from summoning applicants, architects, or engineers during the application review. According to GCC commissioner Dr. G S Sameeran, this initiative aims to ensure timely service delivery, minimize delays, and enhance transparency for the public. The GCC has the authority, delegated by the Chennai Metropolitan Development Authority, to approve building permits for residential buildings up to two stories and commercial buildings up to three stories, as…

IndustryLatest Stories

Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…

Latest StoriesRegulatory

Calcutta HC Halts Tiljala, Kasba Building Demolition for a Month

KOLKATA: On Friday, the Calcutta High Court put a temporary hold on demolition notices issued to several buildings in Tiljala and Kasba for the next 30 days. The court has instructed the Kolkata Municipal Corporation (KMC) to conduct a hearing that includes both unauthorized building owners and their tenants. “In the event of a demolition notice for unauthorized constructions, both tenants/occupants and building owners must be given a chance to be heard,” the High Court stated while maintaining ‘status quo’ in a series of cases challenging the KMC’s demolition orders. The KMC commissioner has been mandated to provide an opportunity…

IndustryLatest Stories

MHADA Spots 82 Unsafe Buildings in Mumbai Island

NEW DELHI: The Mumbai Building Repairs and Reconstruction Board of the Maharashtra Housing and Area Development Authority (MHADA) has identified 82 highly hazardous cessed buildings on Mumbai city island through its annual pre-monsoon inspection. This year, 43 of these buildings were previously marked as dangerous last year. In total, 2,736 individuals reside in these structures, comprising 2,256 residential and 480 non-residential occupants. Notably, the board has issued eviction notices to 176 residential occupants, commanding them to vacate. Out of these, 29 tenants have been relocated to MHADA transit camps, while 36 have secured alternate housing. The eviction process for the…

Latest StoriesRegulatory

ED Arrests Noida’s Bhasin Infotech Promoter

NEW DELHI: The Enforcement Directorate has apprehended the promoter of a Noida-based real estate firm in a money laundering investigation tied to the alleged cheating of home buyers, officials reported on Saturday. Satinder Singh Bhasin, director of Bhasin Infotech and Infrastructure Pvt Ltd (BIIPL) and owner of Grand Venice Mall in Greater Noida, was arrested on Friday. He was presented before a special court under the Prevention of Money Laundering Act (PMLA) in Ghaziabad, Uttar Pradesh, which ordered him to be held in Enforcement Directorate (ED) custody until June 6, as stated by officials. Authorities have claimed that Bhasin was…

Latest StoriesRegulatory

Himachal HC Probes Irregularities in Solan Housing Project

SHIMLA: The Himachal Pradesh High Court has issued notices to the state and central governments, the CBI, the Enforcement Directorate, and the non-agricultural promoters of the Chester Hills housing project in Solan, regarding alleged illegalities in the execution of this multi-crore venture on approximately 275 bighas of agricultural land. While hearing a Public Interest Litigation (PIL), a division bench of the high court, consisting of Chief Justice Gurmeet Singh Sandhawalia and Justice Bipin Chander Negi, acknowledged allegations related to violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts the sale of agricultural land…

Latest StoriesResidential

Mumbai property registrations up 7% to 12,315 in May 2026

NEW DELHI: The Brihanmumbai Municipal Corporation (BMC) reported that Mumbai saw 12,315 property registrations in May 2026, marking a 7% increase compared to the previous year, according to Knight Frank India. This figure represents the highest number of registrations for May in the last 14 years, exceeding the peak recorded in May 2025. The state government earned ₹1,051 crore from stamp duty during this month, reflecting a 1% year-on-year decline. Knight Frank indicated that this slight reduction in revenue, despite the rise in registrations, was due to changes in the mix of transactions. However, registrations saw a 14% decrease from…

CommercialLatest Stories

Airbnb Leases 46,437 Sq Ft Office in Gurugram’s DLF Cyber City

NEW DELHI: Airbnb Global Capability Center has secured a lease for 46,437 sq ft of office space in DLF Cyber City, Gurugram, from DLF Cyber City Developers, according to Propstack, a real estate data analytics firm. The leased area is situated on the 21st floor of Tower A in Building No. 5 of DLF Cybercity, covering a usable area of 32,506 sq ft. The lease, effective from October 1, 2025, has a duration of five years, with Airbnb agreeing to pay a rent of Rs 132.5 per sq ft monthly, totaling Rs 61.53 lakh each month. This results in an…

Latest StoriesRegulatory

SC: NMMC Can Collect Property Tax in Thane-Belapur Belt

NAVI MUMBAI: The Supreme Court ruled on Wednesday that the Navi Mumbai Municipal Corporation (NMMC) has the authority to collect property tax in the Thane Trans Creek-MIDC area, commonly referred to as the Thane-Belapur industrial corridor. This decision, stemming from a case brought forth by the Small Scale Entrepreneurs Association (SSEA) regarding the Thane Trans Creek-MIDC area, allows NMMC to impose property taxes on more than 3,000 industries in the corridor. In 2001, the SSEA petitioned the Bombay High Court against NMMC’s property tax orders, arguing a jurisdictional dispute since MIDC also charged service fees in the area. The High…