Category: Latest Stories

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Latest StoriesResidential

Shapoorji Pallonji Enters Plotted Development Market

Representative AI image NEW DELHI: Shapoorji Pallonji Real Estate (SPRE) has ventured into the plotted development sector with its new project, Treetopia, which spans 105 acres in Pune. The project is expected to yield an estimated revenue of ₹600 crore, featuring 483 residential plots ranging from 2,000 to 6,000 sq ft. These N.A. plots will come with individual 7/12 certificates, allowing buyers to construct independent villas tailored to their preferences. Published On Dec 22, 2025 at 10:48 AM IST Join a community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox.…

Latest StoriesRegulatory

Bombay HC Forms Panel to Settle Khar Danda Koliwada Land Dispute

MUMBAI: The Bombay High Court has established a three-member committee to address a land dispute at Danda Koliwada, Khar West, where a slum rehabilitation scheme is in progress. Part of this land is utilized by the Koli community for drying fish and nets. Justices Girish Kulkarni and Aarti Sathe instructed the additional principal secretary of the urban development department, along with the suburban collector and the CEO of the Slum Rehabilitation Authority, “to resolve the issue after hearing both parties and considering a fresh demarcation of the land, taking into account the traditional rights of the petitioners.” The judges emphasized…

Latest StoriesRegulatory

South Mumbai Tycoon Alleges Scam in ‘Aafiyah Heights’; FIR Filed

MUMBAI: Byculla police have filed an FIR against two directors of Aafiyah Realtors for allegedly defrauding 60-year-old businessman Mausam Ali Armar of ₹5 crore in connection with a high-rise project in South Mumbai. The accused, Munaf Wadgama and his wife Sajida, reportedly cannot be located, according to police reports. The complaint was lodged by Armar, who is the director of Galaxy Multi Channel Network Pvt Ltd. According to the FIR, Armar met the Wadgamas in 2013 through mutual contacts. The couple allegedly claimed ownership of Aafiyah Realtors and offered nine flats for sale in a proposed 47-storey building named “Aafiyah…

IndustryLatest Stories

Ahmedabad to Permit RMC Plants Near Construction Sites

Representative AI image AHMEDABAD: In response to protests from builder groups — CREDAI and GAHED — the Ahmedabad Municipal Corporation (AMC) has revised its policy to permit ready-mixed cement (RMC) plants within one kilometer of construction sites. This change comes after the AMC previously implemented restrictions aimed at curbing air pollution in the city. Approval for an onsite RMC plant within a one-kilometer radius will be granted if the construction site’s area is 7,500 square meters or less. For sites larger than 7,500 square meters, it remains a requirement to locate the RMC plant on the construction site itself. This…

Latest StoriesResidential

Fixed Fee for Transferring Common Areas in Odisha Flat Sales

BHUBANESWAR: To facilitate smoother sale deed registrations for apartments, the revenue and disaster management department has issued an important notification establishing a fixed fee for the transfer of common areas to the association of allottees under the Odisha Apartment (Ownership and Management) Act, 2023. Through this notification, amendments have been made to the Registration Act of 1908, introducing a fee of ₹20,000 for the transfer of common areas during the sale deed execution between the promoter and the association of allottees. Previously, the lack of a defined fee led to confusion and issues surrounding property registrations in the state. The…

IndustryLatest Stories

GIS Maps Coming Soon for Property Sale Deeds

PUNE: GIS maps for properties will soon be essential for the registration process throughout India. Senior officials from the central land records department informed TOI that these maps will replace the long-standing method of defining plot boundaries using cardinal directions and nearby landmarks. The Centre is currently collaborating with all state governments, including Maharashtra, to implement the Geographic Information System (GIS)-based property registration in the near future. The primary aim of this new system is to ensure that every property transaction is digitally linked to a specifically mapped land parcel. Currently, title deeds generally describe boundaries using directions like east…

Latest StoriesResidential

Mumbai’s Dadar Parsi Colony: Redevelopment Meets Timeless Charm

MUMBAI: In the 1920s, municipal corporator and civil engineer Muncherji Edulji Joshi envisioned a housing project for Parsi families in Dadar, aiming to create a model neighbourhood featuring two-storey buildings surrounded by gardens and open spaces. A century later, redevelopment has gradually infiltrated this lush residential area, known as Dadar Parsi Colony (DPC). Ironically, Joshi’s statue stands near a towering residential building behind it. The historic Daruwala House, a Parsi-only two-storey structure, was transformed into Nirvan Tower around a decade ago, while across the street, Dossal House was demolished to make way for the 21-storey Della Tower, designed by architect…

Latest StoriesResidential

Worli Residents Protest SRA’s Plan to Terminate Developer

MUMBAI: Residents of Worli’s Sagar Darshan and Chaitanya Sai Janata Colony SRA Housing Societies protested on Sunday against the Slum Rehabilitation Authority’s (SRA) decision to terminate the current developer. This decision comes just over a year after the issuance of a Letter of Intent (LoI) and amid attempts to appoint a new developer. According to slum tenants, the termination of the LoI granted to Chintaharni Chintpurni Realtors in October 2024 threatens the livelihoods of 2,500 families. Some residents warned that if the SRA proceeds with its plan, they would boycott the upcoming BMC elections. These two slum projects fall within…

Latest StoriesRegulatory

Govt Bodies Owe BMC Over ₹3,000 Crore in Property Taxes: RTI

MUMBAI: Government departments and public agencies owe the BMC over ₹3,000 crore in property tax, with the civic body managing to recover only ₹243 crore in the last five years, according to data disclosed by the BMC under the Right to Information (RTI) Act. The information was revealed in response to an RTI inquiry from civic activist and advocate Godfrey Pimenta, who sought to understand why “honest taxpayers should bear the burden” while government entities fail to fulfill their property tax obligations. The BMC’s reply dated December 12, 2025, indicates that as of October 31, 2025, the property tax arrears…

Latest StoriesRegulatory

Mysuru Local Bodies See Spike in Property Tax Collections

MYSURU: Urban local bodies in Mysuru district, including the Mysuru City Corporation (MCC), have seen a significant rise in property tax collection this financial year. This achievement is mainly due to the introduction of digital payment methods, as well as incentives like a 5% rebate for early payments and proactive door-to-door collection drives. Officials noted that these initiatives have motivated property owners to comply on time, likely leading to substantial collections by the end of this month. In a conversation with TOI, MCC’s deputy commissioner (Revenue), Somashekhar G S, mentioned that regular property tax review meetings every two weeks and…