Category: Latest Stories

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Latest StoriesResidential

Hingoli to Require Earthquake-Resistant Homes in Seismic Zones

Representative AI image CHHATRAPATI SAMBHAJINAGAR: In a proactive step, the Hingoli district administration has mandated that all new constructions, including those under the Pradhan Mantri Awas Yojana (PMAY), be designed to withstand earthquakes in specified seismic zones. This decision follows a notable increase in seismic activity, with the district experiencing 36 earthquakes in recent years. District collector Rahul Gupta stated that Hingoli will be the first district in India to enforce earthquake-resistant building standards for PMAY beneficiaries in areas susceptible to frequent seismic events. The administration has consulted the Central Building Research Institute (CBRI), Roorkee, to establish suitable construction guidelines.…

IndustryLatest Stories

Jaipur’s Fire NOC Rule Delays Building Plan Approvals

JAIPUR: The process of obtaining building plan approvals from the Jaipur Development Authority (JDA) has slowed down due to a recent order making Fire No Objection Certificates (NOCs) mandatory for final sanctioning, creating uncertainty for architects and applicants alike. The order issued on July 10 by additional chief town planner Ankur Dadheech stipulates that JDA will provide “approval in principle” for building plans. Applicants must secure a Fire NOC from the Jaipur Municipal Corporation (JMC) based on this provisional approval before the building plan receives final authorization. Architects empanelled by the urban development and housing (UDH) department have expressed concerns…

Latest StoriesResidential

Centre: Andhra Pradesh Did Not Request PMAY-U 2.0 Homes for Amaravati

VIJAYAWADA: The Union government has informed Parliament that the Andhra Pradesh government did not submit requests for housing under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 for eligible impoverished families in the Amaravati Capital Region, although they did put forward housing proposals for other urban local bodies in the state. In written responses to queries from YSRCP MPs Maddila Gurumoorthy in the Lok Sabha and Meda Raghunath Reddy in the Rajya Sabha, the Ministry of Housing and Urban Affairs disclosed that it approved 61,084 houses under PMAY-U 2.0, allocating central funding of Rs 882.32 crore based on the proposals provided…

IndustryLatest Stories

Builders ask West Bengal to lift high-rise construction ban

Representative AI image KOLKATA: The real estate sector in Kolkata has called on the state government to lift the ban on high-rise construction projects immediately, asserting that the audit process can proceed concurrently with regulated activities at construction sites. Developers are ready to submit formal commitments to ensure compliance with all legal, structural, and safety standards, allowing suspended projects to resume without indefinite delays for approvals. The government’s deadline for completion of the audit expires on Friday, and only around 10% of the affected projects have received clearance to restart construction so far. Construction was halted at 344 high-rise projects…

InfrastructureLatest Stories

West Bengal Requires Wastewater Recycling in Housing Societies

Representative AI image KOLKATA: The state Urban Development and Municipal Affairs Department has announced the ‘West Bengal State Policy on Safe Reuse of Treated Wastewater’. This policy aims to mandate residential housing units to maximize the reuse of treated wastewater for non-potable purposes. Additionally, for industrial applications, the goal is to source at least 20% of total water needs from municipal wastewater by 2030. The authorities had previously developed a draft to promote safe and sustainable reuse of treated wastewater across the state. According to the final notification, all residential buildings constructed post-environmental clearance must prioritize the reuse of treated…

IndustryLatest Stories

Andhra Pradesh Launches Reforms to Speed Up Urban Development

Representative AI image VIJAYAWADA: The Andhra Pradesh government has announced extensive reforms to its building regulations aimed at boosting construction activities and attracting investments. Key changes include phased fire clearances for high-rise developments, flexible setback norms, installment-based payment options for infrastructure fees, and enhanced transferable development rights (TDR). Aligned with the Centre’s deregulation initiatives in 23 priority sectors, this overhaul is expected to expedite approval processes and reduce compliance burdens, significantly benefiting the state’s real estate and construction industries. One notable reform is the implementation of phased fire approvals for high-rises. Developers can now obtain initial permissions to start construction…

InfrastructureLatest Stories

Noida Land Acquisition Starts in August; 40% for Industries

Representative AI image NOIDA: The Noida Authority is set to initiate land acquisition for the Dadri-Noida-Ghaziabad Investment Region project—popularly known as New Noida—this August. Lekhpals will carry out ground surveys across 37 villages earmarked for the initial phase, which includes 13 villages in Gautam Buddh Nagar and 24 in Bulandshahr, such as Jokhabad, Sanwali, Fauladpur, Tajpur, Kaithara, Kishanpur, Muradabad, and Nawada. Officials assigned for fieldwork will be responsible for identifying land revenue records, co-ownership details, and inheritance claims. Following this, a physical survey will confirm boundaries, existing land use, crops, structures, roads, and other assets. The Authority’s officer on special…

Housing FinanceLatest Stories

LIC Housing Finance Q1 FY27 Net Profit Up 10% to ₹1,499.03 Crore

NEW DELHI: LIC Housing Finance has announced a 9.9% rise in its net consolidated profit after tax to ₹1,499.03 crore for the quarter ending June 30, 2026, compared to ₹1,364 crore during the same period last year. The company’s net consolidated total income for Q1 FY27 fell by 1.4% to ₹7,085.58 crore, down from ₹7,186.47 crore in Q1 FY26. Total disbursements grew by 14.5% year-on-year to ₹15,014 crore, up from ₹13,116 crore. Disbursements in the individual home loan segment increased by 8% to ₹12,119 crore from ₹11,247 crore, while non-housing individual loan disbursements surged by 20% to ₹1,975 crore, compared…

Latest StoriesRegulatory

ED raids Imperia for homebuyer fraud, seizes ₹50.5 lakh, luxury cars

NEW DELHI: The Gurugram zonal office of the Enforcement Directorate has executed search and survey operations at eight locations tied to Imperia Wishfield, Imperia Structures, their promoter directors, and the current resolution professional in Delhi, as stated by the agency. The searches, carried out on July 29, 2026, were in accordance with the Prevention of Money Laundering Act, 2002, related to an alleged homebuyer fraud case. During these operations, the agency confiscated digital devices, documents, cash totaling ₹50.50 lakh, and three luxury vehicles. The ED has initiated an enforcement case information report against Imperia Structures, Imperia Wishfield, and their promoter…

Latest StoriesResidential

Over 421,000 Beneficiaries Registered Under PMAY-Urban 2.0 in Maharashtra

MUMBAI: As of July 30, a total of 421,083 beneficiaries have registered on the unified web portal for the PM Awas Yojana (Urban) 2.0 in Maharashtra, with the approval for the construction of 160,463 houses, as per a government release issued on Thursday. In a review meeting, Chief Minister Devendra Fadnavis discussed the implementation of the Pradhan Mantri Awas Yojana (Urban) and available housing options under various schemes, urging all agencies to expedite their housing projects across the state. A total of 160,463 houses have received approval under the scheme. This encompasses Beneficiary-Led Construction (BLC), Affordable Housing in Partnership (AHP),…