Category: Latest Stories

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Latest StoriesRegulatory

Mumbai Police nab Kolhapur developer in ₹55 crore scam

MUMBAI: The Economic Offences Wing of the city police has arrested a developer from Kolhapur for allegedly colluding with others to mortgage and sell flats in a redevelopment project in Versova, Andheri. This was done without the consent of the society members, using forged documents, resulting in a loss of Rs 55 crores. The arrested individual, Amrut Uttam Mahendrakar (34) from Ichalkaranji, is accused of aiding in the creation of forged documents and facilitating the illegal sale and mortgage of flats. He is the second suspect arrested in this case, following the capture of Amarjit Shukla, owner of Mid City…

Latest StoriesRera

Haryana RERA Denies Buyers’ Pleas, Cites Jurisdiction Issues

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has dismissed multiple complaints from homebuyers and residents, determining that the claims were either outside its jurisdiction or that the complainants had received previous statutory relief. One case involved Anju Rani, a resident of Ardee City, who sought a refund of ₹75,000 for a maintenance security deposit. The Authority concluded that the dispute stemmed from a private resale transaction, which did not fall under the promoter–allottee relationship as outlined by the RERA Act, 2016. Rani contended that the deposit should be refunded once maintenance services were handed over to the municipal authority…

InfrastructureLatest Stories

Joint Panel Formed in Haryana to Investigate Illegal Tree Felling

GURUGRAM: In response to directives from the National Green Tribunal (NGT), Deputy Commissioner Ajay Kumar has established a joint committee to investigate unlawful tree felling and unauthorized construction in the Aravali area of Raisina village, located in Sohna tehsil. The committee has been tasked with conducting an on-site inspection of Gair Mumkin Pahar land, characterized by rocky or steep terrain unsuitable for cultivation. The committee is to identify any violations of environmental and forest laws and recommend preventive and remedial actions. The four-member panel, led by the Sohna sub-divisional magistrate, includes a representative from the district forest office, the executive…

IndustryLatest Stories

Gurugram: Soil Collapse at Construction Site Kills Seven

Representative AI image GURUGRAM: In a tragic incident, seven workers lost their lives and four others, including three from Nepal, were injured when a mound of soil collapsed on them at a construction site on Monday evening at Signature Global Society in Gurugram’s Sidhrawali area. DSP Bhiwadi, Rajasthan, Yogesh, informed reporters that the construction of a Sewerage Treatment Plant (STP) was underway when the soil suddenly gave way, trapping some laborers beneath the debris. Approximately 12 to 15 laborers were affected. Immediately following the incident, a team from Bilaspur Police Station, Gurugram, along with State Disaster Response Force (SDRF) and…

Latest StoriesRegulatory

Bengaluru issues final warning to 1,010 property tax defaulters

BENGALURU: The Greater Bengaluru Authority (GBA) has issued a final warning to property owners who are overdue on their property taxes, with a total of Rs 33.9 crore pending from 1,010 property owners across the five city corporations. Special Commissioner (Revenue) Munish Moudgil stated that Rs 14.3 crore is owed by 510 significant defaulters, while Rs 19.6 crore is awaiting resolution in 500 property tax reassessment cases. “Zonal joint commissioners have been directed to accelerate the recovery from major defaulters and those in reassessment. The list of the top 50 defaulters and reassessment cases for each municipal corporation is now…

Latest StoriesResidential

Mumbai: Flats for Goregaon-Mulund Project PAPs by March End

Representative image MUMBAI: The construction of buildings for the rehabilitation of 252 project-affected persons in the Goregaon-Mulund Link Road (GMLR) project is nearing completion, with expectations to finish by the end of March, officials reported. The PAPs will be provided with compact 300-square-foot apartments featuring modern amenities at Kanjurmarg West. The civic body is currently constructing 906 apartments across seven buildings, covering approximately 10,050 square meters. Of these, two buildings are in the final stages of construction. The remaining apartments are expected to be completed on schedule for immediate handover to the project-affected persons. BMC Additional Commissioner Abhijit Bangar has…

Latest StoriesRegulatory

Lucknow Civic Body Seals Seven Establishments for Tax Dues

LUCKNOW: On Monday, the Lucknow Municipal Corporation (LMC) sealed seven establishments across zones 2 and 4 as part of a drive to recover outstanding property and house tax from major defaulters. In zone 4, three government-sector buildings were sealed due to significant tax arrears. Zonal officer Shilpa Kumari stated that these institutions had received multiple notices to clear their dues, but payments were not forthcoming. The sealing process was initiated in accordance with municipal regulations. According to records, these three establishments collectively owe more than Rs 1.5 crore in property taxes. Officials confirmed that the enforcement team carried out the…

IndustryLatest Stories

Highway Expansion Reshapes Kochi’s Real Estate Landscape

Representative AI image KOCHI: The extensive development of the national highway is transforming Kochi’s growth trajectory, shifting real estate activities from the city center to the previously quiet suburbs like Maradu, Kundanoor, Madavana, and Koonammavu. The demand is fueled by comparatively lower land prices in these areas, ranging from Rs 7-10 lakh per cent, while Kochi city and the IT hub of Kakkanad command prices between Rs 25-40 lakh per cent. “Now, areas once viewed as outskirts are becoming attractive spots for investors and individuals seeking house plots. There’s a growing interest in mid-range properties, often 3-5 cents with small…

CommercialLatest Stories

CIDCO Launches 120-Acre Commercial Hub Project in Navi Mumbai

MUMBAI: The Maharashtra government’s City and Industrial Development Corporation (CIDCO) has announced a bidding process for the development of a significant International Corporate Park in Kharghar, Navi Mumbai. This initiative is part of a strategic effort to establish a new business district in Navi Mumbai, mirroring the attributes of the prestigious Bandra Kurla Complex (BKC). The planned corporate park will span approximately 120 acres and aims to become a modern commercial hub that invites large corporations, financial entities, and mixed-use developments. This project will be developed in accordance with the state government’s Theme-Based and Iconic City Development policy. CIDCO intends…

IndustryLatest Stories

Maharashtra to Complete Patra Chawl Project, Address Residents’ Needs

MUMBAI: Maharashtra Minister Shambhuraj Desai assured the state assembly on Monday that the government is dedicated to finalizing the long-stalled Patra Chawl redevelopment project. This comes as legislators voiced concerns regarding ongoing delays, incomplete work, and resident protests. Located in Goregaon, the Siddharth Nagar area (formerly Patra Chawl) spans 47 acres and is home to 672 tenant families. In 2008, the Maharashtra Housing and Area Development Authority (MHADA) awarded a redevelopment contract for the area to Guru Ashish Construction Pvt Ltd (GACPL), affiliated with the now-closed HDIL (Housing Development and Infrastructure Ltd). GACPL was tasked with constructing 672 flats for…