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InfrastructureLatest Stories

Himachal Pradesh mandates EV chargers in commercial buildings

Representative Image SHIMLA: The Himachal Pradesh government has mandated the installation of Electric Vehicle (EV) charging stations in commercial, public, semi-public buildings, and real estate projects, as per the Himachal Pradesh Town and Country Planning (17th Amendment) Rules, 2026, officials announced on Tuesday. This initiative aligns with model building bye-laws aimed at advancing the state’s physical infrastructure in line with the growing adoption of electric mobility, stated Town and Country Planning Minister Rajesh Dharmani. The Himachal Pradesh government is dedicated to becoming a green energy state. To achieve this, significant legislative updates have been integrated into urban development for sustainable…

CommercialLatest Stories

Prime Offices Fund buys 51% stake in 1.1M sq ft Pune asset

NEW DELHI: Prime Offices Fund (PRIME), a commercial real estate-focused fund managed by Nuvama and Cushman & Wakefield Management (NCW), has obtained a 51% stake in TenSteps, a 1.1 million sq. ft. office project located in Pune’s Kharadi micro-market. This deal was executed through a joint venture, with Keppel maintaining the remaining 49% stake. The asset is currently in the leasing phase. With this acquisition, PRIME’s office portfolio will grow to about 3.8 million sq. ft. across major markets, including Delhi NCR, Chennai, and Pune. NCW, which manages the fund, is a 50:50 joint venture between Nuvama Asset Management and…

IndustryLatest Stories

Ahmedabad body now permits development in Gokuldham agri zone

AHMEDABAD: Twelve years after the Ahmedabad Urban Development Authority (Auda) approved the layout for Gokuldham township, the authority’s chairman has been empowered to issue development and revised development permissions for the agricultural land within the township. A dispute surfaced in April 2014, resulting in a halt to these permissions. The township covers over 10 lakh square meters in Sanand taluka, adjacent to Ahmedabad city. On October 8, 2002, Auda authorized the comprehensive layout plan for Gokuldham, which spans more than 50 hectares of land under the General Development Control Regulations of that time. Permissible specifications included an FSI of 1.2,…

Latest StoriesRegulatory

HC Urges Greater Noida Authority to Reinstate Cancelled Plot

NOIDA: The Allahabad High Court has reinstated a farmhouse plot valued at over Rs 100 crore to a firm, overturning a cancellation order issued nine years ago, effective immediately. A division bench comprising Justices Mahesh Chandra Tripathi and Kunal Ravi Singh ruled on Thursday to restore the 3.8 lakh sqm plot in Greater Noida to SDS Infratech, reversing the Greater Noida Authority’s 2017 cancellation order and instructing it to address the developer’s zero-period relief request within four months. The bench partially granted the writ petition, annulling the August 17, 2017 order that rescinded the April 25, 2011 plot allotment. This…

Latest StoriesRegulatory

SC Issues Notice to Goa Gov, Developer Over Siolim Villas

PANAJI: The Supreme Court has issued notices to the Goa government and a project developer regarding a special leave petition (SLP) that contests a Bombay High Court ruling, which dismissed a public interest litigation (PIL) against the construction of eight luxury villas with private swimming pools in Oxel, Siolim. The notices must be returned by April 13. Petitioner Suraj Chodankar raised concerns that the project lies within 34.5 meters of the Oxel spring—a 363-year-old perennial water source vital for residents. The High Court based its decision on a hydrogeological report from the Central Ground Water Board (CGWB), which indicated that…

Latest StoriesResidential

Delhi Mayor Urges Residents to Clear Property Tax Dues by March 31

New Delhi: Mayor Raja Iqbal Singh has encouraged property owners in the national capital to take advantage of the ‘Sumpattikar Niptaan Yojana’ (SUNIYO) 2025-26, a property tax amnesty scheme that has been extended until March 31. The mayor reported that over 1.8 lakh taxpayers have benefited from the initiative, generating Rs 1,089.97 crore in property tax as of March 1. Among this, Rs 211.44 crore came from more than 1.34 lakh residential properties, while Rs 878.52 crore was collected from 52,759 non-residential properties. Describing it as a “golden opportunity,” he urged eligible taxpayers to settle their pending dues without incurring…

InfrastructureLatest Stories

Developers to Fund 24m Road Land in Gurugram Colonies

Representative AI image GURUGRAM: Chief Minister Nayab Singh Saini announced on Monday that the Haryana government will begin land acquisition to construct long-awaited 24-meter-wide roads in licensed colonies, with costs to be recovered from builders. During his budget speech, Saini emphasized the need for a permanent solution to the issue of narrow access roads, which will be addressed in 2026-27. He pointed out that many licensed colonies currently depend on access roads that reduce to just two karam (approximately 3.3 meters) and four karam (around 6.7 meters) in some locations, creating difficulties for numerous residents. Saini explained that the problem…

Latest StoriesResidential

Ghaziabad body enlists brokers, marketing to sell 1,700 flats

Representative AI image GHAZIABAD: The Ghaziabad Development Authority (GDA) is set to engage brokers and form a marketing team to sell over 1,700 unsold residential units, according to an official announcement. “Currently, there are 1,748 residential units from at least five housing schemes that remain unsold, despite some interest in these 1, 2, and 3 BHK units, as well as mini Low Income Group (LIG) and LIG flats priced up to Rs 70 lakh each,” the official disclosed. This new strategy aims to secure over Rs 500 crore from these properties. Under this initiative, which mirrors tactics often used by…

IndustryLatest Stories

Nagpur: Just 11.7% of ₹190 Crore Property Tax Dues Under Review

NAGPUR: Only 11.7% of the outstanding Rs190.33 crore in commercial property tax dues is currently under warrant action in Nagpur. Among 2,062 non-residential defaulters, warrants have been issued for just 359 properties — a mere 17.4% — highlighting a significant gap between potential revenue and actual enforcement. The data shows that most unpaid commercial property taxes involve high-value properties — those with dues exceeding Rs5 lakh. A total of 229 establishments have defaulted on a staggering Rs157.01 crore. However, warrants were issued against only 53 properties, totaling Rs16.70 crore, leaving 176 major defaulters — responsible for over Rs140 crore —…

IndustryLatest Stories

Haryana Budget: 100% Interest Waiver on Property Tax Until Mar 2025

CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced a complete waiver on outstanding interest on property tax up to March 31, 2025, as part of the 2026-27 budget. While presenting budget proposals in the State Assembly, Saini, who is also the finance minister, highlighted that over 41 lakh (41,70,749) property owners in urban areas have yet to pay their property tax along with the accrued interest. In another key announcement, Saini stated that residential properties will continue to be charged water fees at Rs 1 per kiloliter. Moving forward, metered residential properties covering up to 500 square yards will receive…