Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRegulatory

ED Seizes ₹313.12 Crore in Ansal Group Money Laundering Case

NEW DELHI: On Wednesday, the Enforcement Directorate (ED) announced the attachment of immovable properties valued at ₹313.12 crore as part of its ongoing probe into Ansal Properties and Infrastructure Ltd (APIL) and its promoters. This action stems from allegations of financial misappropriation and fraudulent diversion of funds collected from homebuyers. These properties include residential land parcels totaling 9.08 hectares, situated in Agra, Uttar Pradesh, and are registered under the names of companies affiliated with APIL. The ED’s Lucknow zonal office executed the attachment under the Prevention of Money Laundering Act (PMLA), 2002. The investigation was prompted by 278 FIRs lodged…

Latest StoriesResidential

Bengaluru PGs Face LPG Shortage, Tenants Opt for Work-from-Home

BENGALURU: A shortage of commercial LPG is impacting paying guest (PG) accommodations in the city’s eastern IT corridor, leading many residents to consider work-from-home options due to concerns about food availability. Numerous migrant professionals living in PGs report that limited meal offerings and uncertainty regarding cooking gas are making it challenging to maintain daily routines. Areas such as Whitefield, Marathahalli, and Ashwath Nagar—which accommodate hundreds of migrant workers in tech parks—are experiencing dwindling LPG supplies, prompting PG owners to cut back on meal services. The Whitefield PG Owners’ Welfare Association has notified residents that lunch services will be temporarily halted…

Latest StoriesRegulatory

BMC Targets 6,922 Properties for ₹6,000 Crore Tax Dues

Certainly! Here’s a rewritten version of the content with a focus on clarity and conciseness: MUMBAI: The BMC has initiated action against 6,922 properties due to property tax dues totaling ₹6,089 crore. Additionally, 483 properties belonging to defaulters have been seized, with plans to auction off 210 properties. Following the start of seizure actions, 2,888 property owners have paid over ₹784 crore in taxes. As of Tuesday, ₹6,024 crore has been collected, representing 82.1% of the total property tax owed. Seizure actions were executed against six units in the Hallmark commercial building located in Government Colony, Bandra. Three unit holders…

Latest StoriesRegulatory

Builder Defrauded of Crores by Forged Land Docs; Staffer Arrested

GURUGRAM: A real estate company based in Sohna has reportedly lost crores of rupees due to a fraudulent scheme involving forged documents that altered a land development agreement. This also included the cancellation of a registered General Power of Attorney (GPA). As of Monday, police have detained one more individual from the company, raising the total number of arrests to five. The scam was discovered after representatives from Yashdeep Builders lodged a complaint regarding their collaboration with a landowner in 2018 for developing a specific piece of land. For this project, the company invested heavily and secured a GPA in…

Latest StoriesRera

Bangalore Development Body Promotes: Karnataka REAT

BENGALURU: The BDA must adhere to all regulations outlined in the Real Estate (Regulation and Development) Act, including project registration, as it is classified as a promoter when developing layouts and selling plots. This observation was made by the Karnataka Real Estate Appellate Tribunal in its March 3 ruling, which upheld K-Rera’s directive regarding the Nadaprabhu Kempegowda Layout (NPKL). However, BDA officials have indicated to TOI that they plan to challenge the tribunal’s decision in the high court. The case originated from a K-Rera order dated November 7, 2025, following complaints by allottees of the NPKL project. K-Rera addressed these…

Latest StoriesRera

Haryana RERA Issues Warrant for Jailed Vipul Director

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has issued a production warrant for a jailed director of a real estate firm to appear before its adjudicating officer in relation to a complaint from a homebuyer. Adjudicating officer Rajender Kumar has instructed the superintendent of Bhondsi jail to present Punit Beriwala, director of Vipul Ltd, on March 13 at 2 PM for the case titled Anshul Deo vs Vipul Ltd. Rera requested the jail to ensure his appearance via a production warrant after an official reported that Beriwala is currently in judicial custody for a different case. The complaint from…

IndustryLatest Stories

MHADA Aims for 20,000 Affordable Homes via Cluster Redevelopment

NEW DELHI: According to Sanjeev Jaiswal, the Vice President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), Mumbai’s redevelopment strategy is evolving from focusing on individual buildings to large-scale cluster redevelopment. In an exclusive interview with Ankit Sharma, Jaiswal emphasized that MHADA is concentrating on redeveloping extensive housing layouts across the city. This approach could unlock 800-1,000 acres for redevelopment, creating a substantial supply of affordable housing units in the years ahead. He underscored the authority’s commitment to enhancing affordable housing for economically weaker sections (EWS) and lower-income groups (LIG), fast-tracking the redevelopment of aging properties, and…

Latest StoriesResidential

Uttar Pradesh Introduces OTS Scheme for Property Defaulters

LUCKNOW: The housing development authorities in Uttar Pradesh are set to introduce a one-time settlement scheme aimed at allowing defaulters the opportunity to settle their debts. The cabinet has given the green light for this scheme, which is designed to stimulate the real estate market and recover overdue payments from buyers who owe money to organizations such as the Lucknow Development Authority and Kanpur Development Authority. This scheme will be applicable for settling debts that have accrued from the purchase of various types of properties, including residential, commercial, mixed-use, and institutional sectors. Currently, there are 18,982 pending default cases with…

Latest StoriesResidential

Pune’s Registration Dept. Considers Cleaning Tenant Agreements

Representative AI image PUNE: The state’s property registration department is considering implementing online leave-and-licence (tenant) agreements that can be processed at any sub-registrar office within a district, rather than limiting it to specific taluka offices. This initiative aims to reduce backlog and expedite approvals. According to officials, this system has been successfully implemented in districts like Mumbai and Thane. However, its introduction in Pune has faced delays due to the use of two disparate software systems in urban and rural offices. A registration department official stated, “There are requests to initiate this process in Pune once the software issues are…

InfrastructureLatest Stories

Pune allocates ₹954 crore for merged village development

PUNE: The Pune Municipal Corporation (PMC) has proposed an allocation of approximately Rs 954 crore for the newly merged areas in its draft budget for 2026-27. This will be the first municipal budget since the recent elections of corporators from these regions, responding to urgent calls from residents and representatives to enhance infrastructure development. The budget, crafted by PMC Commissioner Naval Kishore Ram, is heavily reliant on expected revenue from building permissions and property taxes in these suburban areas. “We anticipate a significant revenue boost from building permits as development accelerates in these regions. Additionally, the PMC is expecting funding…