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Latest StoriesRegulatory

EOW Charges ₹104 Crore Housing Loan Scam; Retired Seed Manager Arrested

RAIPUR: On Friday, the Economic Offences Wing (EOW) intensified its efforts in two long-standing corruption cases. They submitted a 15,000-page chargesheet concerning a nearly 30-year-old cooperative housing loan fraud, which has escalated into a Rs 104-crore bad debt. Additionally, they apprehended a retired official from the Chhattisgarh State Seeds and Agricultural Development Corporation in a case involving disproportionate assets. In the housing loan fraud case, charges were filed in a special Prevention of Corruption Act court against Thawardas Madhwani, the former chairman of Adhunik Grih Nirman Cooperative Society in Raipur, Basant Kumar Sahu, the former housing supervisor of the Madhya…

CommercialLatest Stories

Gov’t Plans Mandatory Energy Ratings for Large Buildings

NEW DELHI: The government has proposed mandatory energy performance ratings for new commercial and institutional buildings with a built-up area of 20,000 square meters or more. This initiative aims to enhance energy efficiency in one of India’s most rapidly growing electricity-consuming sectors. According to a draft notification released by the power ministry to amend the Energy Conservation and Sustainable Building Code, owners of all new large buildings and complexes commencing construction post-notification will be required to obtain an energy rating from the Bureau of Energy Efficiency (BEE) or a registered rating agency. The proposed framework aims to establish a nationally…

Latest StoriesRegulatory

Telangana Probes Dharani, Bhu Bharati Land Deals

HYDERABAD: On Friday, the state cabinet announced the establishment of a Special Enquiry Team (SET) to investigate alleged irregularities concerning land transactions and record manipulation related to the Dharani portal and its successor, the Bhu Bharati portal. The investigation will focus on nearly six years of transactions, examining claims related to land registrations, record alterations, transfers of government land, and prohibited land listings. As stated by revenue and housing minister Ponguleti Srinivas Reddy, following a cabinet meeting chaired by Chief Minister A Revanth Reddy, the probe will review all transactions deemed suspicious from the launch of the Dharani portal in…

IndustryLatest Stories

Bharat Future City: 90 Real Estate Proposals Amid Approval Delays

Representative AI image HYDERABAD: Almost a year after the state government announced the ambitious Bharat Future City project, real estate developers seem to be proceeding with caution. Most investment is limited to select areas along the Srisailam and Nagarjuna Sagar highways, while others wait for clearer direction on the city’s development plans. Since the announcement of Bharat Future City, the Future City Development Authority (FCDA) has received approximately 80 applications for open plots and 10 proposals for housing projects, including gated communities. However, only 18 layouts have been approved so far, with several remaining pending due to various issues, including…

CommercialLatest Stories

Lenskart Leases 88,343 Sq Ft Office in Delhi Aerocity

NEW DELHI: Lenskart Solutions has signed a lease for 88,343 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per lease documents obtained from Propstack, a real estate data analytics company. The leased area consists of the entire eighth floor, including Units 1 and 2, designated for office use. This marks a new lease agreement. The lease commenced on April 1, 2026, and spans nine years. Lenskart will begin with a monthly rent of ₹210 per sq ft, resulting in an estimated monthly cost of around ₹1.86 crore. Propstack estimates the overall rental value for…

Latest StoriesRegulatory

Builder Charged for Cheating Homebuyers in ₹24 Crore Project

Representative AI image HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a criminal case against a real estate company and its directors for reportedly collecting significant sums from homebuyers without delivering apartments or securing necessary approvals for a residential project in Puppalaguda. The case was filed against Pranith Koncepts Private Limited and its directors following a complaint from A Harshavardhan Reddy, a worker at a private firm in Champapet. According to the complaint, Harshavardhan discovered the Pranith Ambience project in September 2023 and visited the Puppalaguda site, where the company was working on a residential complex consisting of seven…

InfrastructureLatest Stories

Stilt Parking Rooms Demolished, Guesthouses Sealed in DLF-3

Representative AI image GURUGRAM: The Department of Town and Country Planning (DTCP) resumed its enforcement operations in DLF-3 on Friday, demolishing illegal structures in stilt parking areas, sealing four properties used for unauthorized commercial activities, and clearing encroachments along 4.5km of public right of way (RoW). Led by District Town Planner (Enforcement) Amit Madholia, this operation is part of the third phase of an ongoing crackdown on illegal constructions and unauthorized commercial use in DLF phases 1 to 5, as per the directions of the Punjab and Haryana High Court. The enforcement actions focused on S Block, T Block, and…

Latest StoriesRegulatory

Telangana HC Aids Doolapally Residents in Fox Sagar Dispute

HYDERABAD: On Friday, the Telangana High Court instructed the state government not to take any coercive actions against homeowners in Doolapally regarding claims that their homes are located within the Full Tank Level (FTL) area of Fox Sagar Lake. This directive was issued by Justice B. Vijaysen Reddy while considering a lunch motion petition filed by the affected homeowners contesting two government orders from July 7. Further hearings are scheduled for July 27. The petitioners, who built their homes after securing necessary permissions and occupancy certificates, challenged the government’s revocation of orders from 2019 and 2023 that reclassified the land…

Latest StoriesResidential

CM Delivers First PMAY-Urban Flat Key in Ghaziabad

File Photo GHAZIABAD: Chief Minister Yogi Adityanath officially handed over the first key of units created under the Pradhan Mantri Awas Yojana-Urban (PMAY) at a ceremony in the city on Friday. This marks the first unit distributed since the scheme’s announcement 11 years ago. Introduced in 2015, the PMAY aims to provide affordable housing for economically weaker sections. The price of a flat is set at Rs 6 lakh, with contributions of Rs 2.5 lakh from the Centre, Rs 1 lakh from the state government, and Rs 2.5 lakh required from the beneficiary. Eligibility is based on an annual family…

Latest StoriesResidential

Delhi Development Body Flats: Permissible Alterations with Conditions

Representative AI Image NEW DELHI: The Delhi Development Authority (DDA) has updated its policy on permissions and regularizations for modifications to flats. This allows owners of top-floor flats in low-rise housing blocks to construct specific permanent structures, under certain conditions. This marks the DDA’s first revision of its housing policy since 2007. The revised policy, developed in consultation with the Ministry of Housing and Urban Affairs, permits owners of flats in two-, three-, and four-story buildings to build permanent structures over areas created by enclosing courtyards or the resulting terrace from the floor below. The aim is to increase usable…