Category: Latest Stories

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Latest StoriesRegulatory

Punjab CIC reprimands Amritsar body for missing complex records

CHANDIGARH: The Punjab Chief Information Commissioner has raised issues with the Municipal Corporation of Amritsar regarding their failure to locate records for a significant commercial complex. Concerns were expressed about record management, adherence to building regulations, and accountability as per the Right to Information Act, 2005. The Chief Information Commission, led by Chief Information Commissioner Inderpal Singh, reviewed an appeal from an Amritsar resident who requested information about a multi-storeyed commercial complex. The inquiries included ownership details, approved building plans, parking provisions, any deviations from the approved plans, and related actions taken. During the hearing, the public information officer mentioned…

InfrastructureLatest Stories

Bengaluru: Illegal Construction Persists in HAL III Despite HC Order

File Photo BENGALURU: Members of the HAL III Stage Taxpayers and Residents Association have expressed frustration over ongoing illegal constructions that violate local building norms. The association has contacted relevant authorities over 40 times since February 2025 to demand action but has yet to receive a reply. In light of what they describe as indifference from Bruhat Bengaluru City Corporation (BBCC) officials, the association has filed a writ petition in the High Court. During the hearing, the court instructed the BBCC Assistant Executive Engineer to issue notices to M/s Moonlight FNB Pvt Ltd regarding compliance with the sanctioned construction plan.…

Latest StoriesRegulatory

IT Department Investigates Agra Sub-Registrar Office for Irregularities

AGRA: A five-member team from the income tax department conducted a review of property registration records at the sub-registrar office-II in Sadar tehsil, Agra, on Tuesday morning, according to officials. Sources indicated that the sub-registrar’s office had not been disclosing property registration deeds (sale deeds). Following a thorough examination, actions will be initiated against taxpayers who may have concealed information regarding property transactions. “Transactions exceeding Rs 10 lakh without PAN, and those above Rs 30 lakh, must be reported. Instances of negligence, including underreporting and flawed statements of financial transaction (SFT), have been identified. Land deeds valued at Rs 1,000…

Latest StoriesResidential

Stamp Duty Relief for Homebuyers in Tamil Nadu

CHENNAI: Homebuyers in Tamil Nadu purchasing first-sale apartments and villas will benefit from new regulations allowing them to use stamp duty and registration fees previously paid on construction agreements (made before December 1, 2023) as a set-off against the composite value of land and buildings during sale deed registration. According to the new directive, buyers registering composite sale deeds for first sales of apartments, villas, or similar properties can deduct the fees paid on earlier construction agreements for the identical structure. This applies to sales registered from December 1, 2023, onward, provided the construction agreements were registered before November 30,…

InfrastructureLatest Stories

Delhi speeds up construction of fifth C&D waste plant in Tehkhand

Representative AI image NEW DELHI: The Municipal Corporation of Delhi has intensified efforts to establish its fifth construction-and-demolition waste processing facility in Tehkhand. The selected agency is set to take control of the seven-acre site on January 1. A corporation official mentioned, “After that, it will take about a year for the agency to complete the setup and become fully operational, pending all necessary permissions.” The initiative will encompass the collection, transportation, processing, and disposal of waste from the corporation’s central and southern zones. Initially, the concessionaire will handle up to 1,000 tonnes of waste daily, with plans to increase…

Latest StoriesRegulatory

Pune: PMC to Earn ₹200 Crore Yearly from Building Permits

PUNE: The Pune Municipal Corporation (PMC) anticipates generating around Rs 200 crore annually through building permissions in newly merged areas, following the transfer of authority from the Pune Metropolitan Region Development Authority (PMRDA) to the civic administration. PMC officials mentioned that this revenue boost would alleviate the pressure on civic finances and support infrastructure development in these areas, expediting the implementation of the development plan (DP) approved by the state government in October 2017 for the newly incorporated zones. “The population of the nine villages is estimated to be around 6 lakh, with projections of reaching 8 lakh by 2035.…

CommercialLatest Stories

Gurugram: DTCP Halts Sales, Flags Illegal Subdivision in Complex

GURUGRAM: The District Town Planner (Enforcement) has begun action against Sewa Corporate Park on MG Road for illegally subdividing the commercial complex into multiple units and selling them to third parties without the necessary license required by the Haryana Development and Regulation of Urban Areas (HDR) Act, 1975. Officials report that while the project was granted change of land use permission in 2004 and received an occupation certificate in 2009, it was later divided into various shops and offices without proper approval. This action follows a Punjab and Haryana High Court order dated September 8, 2025, concerning a writ petition…

Housing FinanceLatest Stories

Aviom India Housing Finance Promoter Presents Full Settlement Plan

Representative AI image KOLKATA | MUMBAI: The promoter of Aviom India Housing Finance is currently in bankruptcy proceedings and has submitted a revised repayment proposal. This development follows Unity Small Finance Bank winning the bidding for Axiom in a challenge auction. Promoter Kajal Ilmi indicates that the offer includes an upfront payment of ₹554 crore, with the remainder (60% of the owed amount) to be settled over the next 28 months. This upfront payment consists of ₹360 crore in cash available on the company’s books. Aviom India’s administrator, Ram Kumar, has not responded to emailed inquiries and has acknowledged 60…

InfrastructureLatest Stories

Union Cabinet Approves Three New Delhi Metro Extensions

NEW DELHI: In a significant enhancement to Delhi’s infrastructure, the Union Cabinet approved three new Metro corridors on Wednesday. This includes a 9.91-km stretch from RK Ashram Marg to Indraprastha, connecting key locations such as Kartavya Bhavans, India Gate, Bharat Mandapam, and the National War Memorial in Lutyens’ Delhi. The new Central Vista corridor will provide direct access to office-goers and visitors, benefiting approximately 60,000 daily commuters and 200,000 visitors. This development aims to reduce pollution and reliance on fossil fuels, enhancing the overall quality of life, according to an official statement. The corridor will feature stations including RK Ashram…

Latest StoriesRegulatory

Chandigarh HC Raps HSVP for Current Plot Rates, Grants Oustees Relief

CHANDIGARH: The Punjab and Haryana High Court has granted a significant relief to land oustees. It has overturned the Haryana Shehri Vikas Pradhikaran’s (HSVP) decision to charge current market rates for residential plots, stating that charges should reflect the rates valid at the time applications were submitted. The court emphasized that beneficiaries should not face penalties for delays caused by authorities. The court concluded that when delays in allotment were entirely due to the authorities, oustees had the right to plots at the rates applicable during the application period, rather than the increased current rates. The division bench, led by…