Category: Latest Stories

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Latest StoriesResidential

Kerala Housing Board to Rebuild Uninhabitable Chottanikkara Flat

KOCHI: The Kerala State Housing Board (KSHB) is set to reconstruct a flat built under the Saphalyam housing scheme in Chottanikkara, allocating ₹2.27 crore for the project. The existing flat has become uninhabitable due to significant structural issues that emerged within four years of its construction. KSHB officials, alongside panchayat authorities, assessed the flat before initiating plans for the new construction. The three-storeyed building was designed to house 24 families and was erected between 2015 and 2020 during the UDF local body administration. It was discovered that multiple organizations, including KSHB and the local body, failed to adequately oversee the…

Latest StoriesRegulatory

Goa PCB issues notice to Vasco housing project for sewage discharge

Representative AI image PANAJI: The Goa State Pollution Control Board has issued a notice to Prabhu Violetta Phase I, a residential complex in Vasco, demanding an explanation within seven days as to why it should not face a penalty of ₹44,50,000 and ₹12,50,000 for discharging untreated sewage into the open environment. The complex has also been called to clarify why it has yet to secure valid operational consent under the Water (Prevention and Control of Pollution) Act of 1974. The Board has mandated an immediate halt to the sewage discharge, citing test results that reveal excessive levels for biochemical oxygen…

IndustryLatest Stories

Bhubaneswar: BMC Halts Builder’s Work After Resident Complaints

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has ordered a halt to construction activities at a housing project in Nandan Vihar due to multiple complaints from the residents’ welfare association. The residents raised concerns regarding unauthorized expansions, violations of ORERA regulations, and the developer’s neglect of critical infrastructure commitments. BMC officials confirmed that the stop-work order was issued on Friday after a preliminary investigation revealed ongoing construction for the expansion block despite identified violations. A senior official from the BMC stated that inspectors have been tasked with monitoring the site to ensure compliance with the order. “In light of the grievances…

Latest StoriesRegulatory

Telangana HC to Hear Plea on Bhoodan Land House Demolitions

HYDERABAD: The Telangana High Court is set to hear on March 23 a petition contesting the demolition of homes reportedly constructed on Bhoodan land in Velugumatla village, Khammam district. The petition was submitted by a group of 20 daily wage laborers who allege their residences were demolished by authorities on February 24. Although the case was not reviewed due to time constraints, Justice B Vijaysen Reddy acknowledged the issue after it was brought up by the petitioners’ counsel. He indicated it would be examined in depth on March 24. The petitioners, residents of Gotilla Park in Khanapuram Haveli urban area…

Latest StoriesRegulatory

ED Seizes ₹5,000 Crore Assets in PACL Case

NEW DELHI: The Enforcement Directorate (ED) has announced the attachment of additional properties valued at over Rs 5,000 crore as part of an ongoing money laundering investigation into Chandigarh-based PACL (Pearls Group), which is accused of running a Rs 48,000 crore ponzi scheme. These 126 properties are situated in Punjab and Delhi. The ED issued a provisional order under the Prevention of Money Laundering Act (PMLA) for the attachment of these assets, which are valued at Rs 5,046.91 crore. As a result of this action, the agency has so far attached total properties worth Rs 22,656.91 crore, including both domestic…

IndustryLatest Stories

Lucknow LDA Approves ₹5,148 Crore for Affordable Housing

LUCKNOW: The Lucknow Development Authority (LDA) has approved a budget of ₹5,148 crore for the fiscal year 2026-27, with a key focus on affordable housing, new townships, and enhancing basic infrastructure. This decision was made during the authority’s 187th board meeting, presided over by divisional commissioner Vijay Vishwas Pant. As part of this initiative, ₹200 crore has been allocated for the construction of 848 flats in Sharda Nagar Extension, featuring four 12-story towers with one- and two-bedroom units, and essential amenities such as water supply, electricity, parking, lifts, parks, and recreational areas. Officials indicated that this initiative is in response…

Latest StoriesRera

Karnataka: 4th in India for RERA Complaints with 12,772 Cases

BENGALURU: Karnataka is emerging as a dynamic player in the Indian real estate market, demonstrated by an active project pipeline and increased engagement from homebuyers within the grievance-redressal system. The number of complaints registered under the Real Estate (Regulation and Development) Act (RERA) highlights the growing disputes that often accompany new developments. According to the latest RERA report, released on March 9 and covering data from 2016 to 2026, Karnataka ranks fourth in the country for complaints, with a total of 12,772 cases filed and 10,322 resolved, reflecting an over 80% resolution rate, nearly matching the national average. Ramachandra CH,…

InfrastructureLatest Stories

Experts: Jaipur’s 2047 Plan Lacks Central Government Guidelines

JAIPUR: A recent interim order from the Rajasthan High Court has halted the Jaipur Development Authority’s (JDA) plans for jurisdiction expansion. Town planning experts have conducted a new study that highlights significant shortcomings in the proposed draft of the Master Plan 2047. The findings suggest that the JDA’s proposed expansion might not comply with the Urban and Regional Development Plans Formulation and Implementation (URDPFI) guidelines established by the NDA government in 2015. Alarmingly, the projected population density in the JDA’s proposed area is only 23 persons per hectare, well below the URDPFI guideline of 175 persons per hectare for cities…

Latest StoriesResidential

Delhi: Pay 25% Upfront for Provisional NOC on Homes

Sure! Here’s a revised version of the content: — NEW DELHI: The Delhi Jal Board (DJB) has approved significant reforms regarding infrastructure charge (IFC) payments, providing much-needed relief for property owners and developers in the capital. Individuals and agencies can now secure a provisional no objection certificate (NOC) by paying just 25% of the required infrastructure charges during the building plan approval phase. The remaining balance will be payable later, adjusted according to final applicable rates when a water connection is sanctioned. Officials believe this temporary arrangement will quickly revive thousands of stalled projects. Water Minister Parvesh Verma stated that…

IndustryLatest Stories

Goldman Sachs, ICICI Pru MF Acquire DLF Shares Worth ₹231 Cr

On Friday, Goldman Sachs purchased 21.70 lakh shares of DLF worth ₹115 crore through a block deal. ICICI Prudential Mutual Fund also acquired shares in a separate deal, totaling ₹115 crore. The overall transaction value reached ₹231 crore. The shares were acquired at ₹531.7 each, a decrease of 2% from Thursday’s closing price of ₹542.45 on the NSE. As of today, DLF shares settled at ₹540.70, down by ₹1.75 or 0.32%. The sellers in this transaction included Best Investment Corporation and BG WW Asia EX Japan Fund A Sub Fund of Baillie Gifford Worldwide Funds Plc. DLF shares have been…