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Latest StoriesRegulatory

Panchkula civic body highlights ₹37 crore in property tax dues

PANCHKULA: The municipal corporation (MC) has identified property tax arrears totaling ₹37.68 crores from 697 properties, each with outstanding dues exceeding ₹2 lakhs. This list includes private and government properties, all of which have received notices to clear long-standing dues. According to MC records, private properties contribute ₹25.95 crores to the arrears, while government properties account for ₹11.73 crores. Leading the private defaulters is Hotel North Park in Sector 32, owing nearly ₹2 crores. Other major defaulters include Appworx IT Solutions Pvt Ltd in IT Park, Sector 22 (₹77.11 lakhs), New Bansal Electronics (₹40.04 lakhs), Satyam I Way (₹38.97 lakhs),…

InfrastructureLatest Stories

Andhra Pradesh Greenlights Visakhapatnam’s 2041 Master Plan

VISAKHAPATNAM: The Andhra Pradesh government has approved the updated VMRDA Master Plan-2041, which includes significant development initiatives such as the coastal corridor linking Visakhapatnam and Bhogapuram, projects in the Visakhapatnam Economic Region, the Bay City project, and the proposed Bhogapuram International Airport with its accompanying Aerocity, along with GMR Manasa Aviation Educity and other essential infrastructure projects. The new plan outlines several growth corridors, including proposed IT and data center hubs in Madhurawada, Anandapuram, and Kapuluppada, as well as the Bay City brownfield development corridor extending from Kailasagiri to Bheemili. Additionally, it incorporates tourism and economic development projects involving six…

IndustryLatest Stories

Rajasthan: 86 Colonies Hold Mahapanchayat for Land Titles

Representative AI image JAIPUR: In a significant development, thousands of families residing in 86 colonies across Sanganer and Bagru have threatened to boycott the upcoming local body elections unless their long-standing request for land titles is addressed. This ultimatum came during a meeting on Monday organized by the Niyaman Hetu Sangharsh Samiti. The committee revealed that these colonies, founded 40 to 50 years ago through government-registered housing cooperative societies, currently house around 25,000 to 30,000 families. While the areas boast basic infrastructure such as roads, sewer lines, electricity, and water supply from Bisalpur, residents have yet to receive land titles…

Latest StoriesRegulatory

Delhi HC: 24,000 flats unavailable for evicted slum dwellers

NEW DELHI: Authorities are relocating slum dwellers from near the Prime Minister’s residence to Savda Ghera, situated 45 km away, despite the existence of over 24,000 homes meant for rehabilitation lying vacant nearby. On Monday, the Delhi High Court demanded explanations from both the Central and state governments regarding the condition of these 24,284 units, many of which are in disrepair and unoccupied. “Shouldn’t we examine the necessity of relocating elderly residents 45 km away when accommodations are available in close proximity? This arbitrariness must be scrutinized… Who is accountable for these unoccupied houses? Both governments have invested nearly Rs…

IndustryLatest Stories

MHADA Lottery Delayed: Awaiting VIP Approval

MUMBAI: Thousands of eager MHADA homebuyers are left waiting as the housing authority has yet to announce the date for its highly anticipated lottery draw. The postponement is not due to a technical issue but rather a challenge in securing a chief guest. As per sources from Mumbai Mirror, the uncertainty is primarily due to the availability of senior political figures, with no confirmations received from their offices regarding their schedules. MHADA aims to have either the Chief Minister, a Deputy Chief Minister, or the Minister of State for Housing as the event’s chief guest. “However, their busy political schedules…

IndustryLatest Stories

Kolkata: 11 of 136 High-Rise Sites Approved for Construction

KOLKATA: The high-power committee established by the government to audit ongoing high-rise construction projects following the Taratala warehouse collapse has approved just 11 out of 136 assessed projects so far. The remainder is stalled due to non-compliance with labor registration and orientation requirements. A total of 344 projects are currently being reviewed. The Bengal government and the Kolkata Municipal Corporation (KMC) ordered an immediate halt to all construction on June 24-25 after the warehouse incident that resulted in 16 fatalities. Chief Minister Suvendu Adhikari stated that construction would resume only after thorough audits of the projects. KMC Commissioner and Administrator…

IndustryLatest Stories

Maharashtra Revokes 2023 Circular on Minor Mineral Levy

The Maharashtra government has rescinded its May 2023 circular that outlined a formula for calculating royalty on minor minerals extracted during construction and land development. This decision is expected to alleviate concerns for developers and contractors embroiled in legal battles regarding the controversial framework. The revenue and forest department issued a new circular on July 9, stating that the previous policy had led to legal disputes as many of its stipulations were deemed inconsistent with rulings from the Supreme Court and the Bombay High Court. The government has immediately canceled the 2023 circular. The retracted document established a method for…

Latest StoriesRera

Karnataka RERA nets ₹1.5 crore from builders for violations

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has collected ₹1.5 crore in penalties from builders for failing to timely submit their mandatory quarterly progress and annual audit reports between April 1 and July 9, 2026. This initiative aims to enforce compliance and enhance transparency for homebuyers. This recovery follows a circular issued by K-Rera on July 2, emphasizing its compliance measures and stating that recovery actions against non-compliant promoters would commence on July 16. The circular builds on previous warnings dated January 20, February 7, February 20, and June 19, which outlined penalties for late quarterly filings. Officials indicated…

IndustryLatest Stories

HSVP Seeks 196 Acres for Housing Hub near Aravalis

Representative AI image GURUGRAM: HSVP has begun the procurement process for 196 acres of land from willing owners across eight villages in Gurgaon under the e-Bhoomi scheme. The largest parcel identified is 107 acres in Shikohpur, designated for a residential sector near the Aravalis. The proposal is currently under review at HSVP headquarters, with negotiations with landowners set to commence only after approval, according to officials. Shikohpur, located along the Delhi-Jaipur highway, accounts for over half of the land offered by farmers. Officials indicated that property owners in the village prefer to sell approximately 107 acres voluntarily rather than through…

Latest StoriesRera

Haryana RERA Orders Godrej to Deliver Delayed Flats, Pay Interest

GURUGRAM: After eight years of delays in a Sohna residential project, the real estate regulator has instructed the developer to transfer possession of the unit to buyers and pay interest for the delay until the handover occurs. The Haryana Real Estate Regulatory Authority (HRera) also prohibited Godrej Highview from imposing any unapproved charges and provided any necessary relief. The buyers — Ravi Kant Thakral, Minakshi Thakral, and Anuj Thakral — contended that their apartment in Sector 33 was supposed to be delivered by June 30, 2023. They purchased the flat in Tower T4 of the Godrej Nature Plus project in…