Category: Latest Stories

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Latest StoriesRera

J&K RERA Aims for 100 Project Registrations Before New Plans

Satish Chandra, Chairman, Jammu & Kashmir RERA NEW DELHI: The Jammu & Kashmir Real Estate Regulatory Authority (J&K RERA), which commenced operations in January 2024, is prioritizing structural reforms, master plan updates, and stricter enforcement of layout regulations to formalize and grow the Union Territory’s real estate market. In an exclusive conversation with Ankit Sharma, Chairman Satish Chandra shared a strategic plan that includes revising master plans for Jammu and Srinagar, monetizing a 450-acre land parcel in Srinagar, mandatory registration of government agencies, and enforcing unified building bylaws to prevent unplanned development. Edited excerpts follow: J&K RERA was established later…

InfrastructureLatest Stories

Chandigarh to Revise Master Plan 2031

CHANDIGARH: The Chandigarh administration is set to initiate the first revisions to the Chandigarh Master Plan-2031 (CMP-2031) since it was established over ten years ago. This initiative is part of a broader reform effort aimed at modernizing the city’s urban planning and optimizing the limited land resources. UT Chief Secretary H Rajesh Prasad has instructed the urban planning and estate departments to prepare a preliminary draft for the master plan amendments within 10 days. This initiative aligns with the central government’s “Deregulation 2.0” strategy, aimed at reducing regulatory barriers, improving the business climate, and fostering more effective land use in…

Latest StoriesResidential

Kerala CM to Hand Over Keys to 178 Houses on March 1

KOCHI: Chief Minister Pinarayi Vijayan will inaugurate the model township project aimed at rehabilitating survivors of the Mundakkai-Chooralmala landslides in Wayanad on Sunday. In the first phase, 178 families who completely lost their homes in the disaster will receive new houses. They will start moving into these homes near Kalpetta once the Chief Minister hands over the keys. The single-storey houses, covering an area of 1,000 sq. ft., have been designed with foundations that allow for a potential second floor in the future. Each house features a master bedroom, two additional rooms, a sit-out area, a living room, a study,…

IndustryLatest Stories

MDA Blocks 200 Sites Amid Surge in Mysuru Demand

Representative AI image MYSURU: The Mysuru Development Authority (MDA) has announced an auction for three commercial corner sites—one in JP Nagar (south Mysuru) and two in Vijayanagar IV Stage (west Mysuru)—with base prices between Rs 3.3 crore and Rs 3.5 crore. Following a successful sale of a premium 4,133 sqft plot, which fetched Rs 8.6 crore, the authority has set the base prices for the new premium plots at Rs 7,300 to Rs 7,900 per sqft. In addition, MDA is auctioning six sites priced between Rs 2.1 crore and Rs 2.5 crore, 15 sites from Rs 1.5 crore to Rs…

Latest StoriesResidential

Prayagraj: New Fixed Fee System Eases Property Mutation Costs

PRAYAGRAJ: The Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, providing significant relief to property owners by replacing the previous percentage-based charges. The new fee structure came into effect following its publication in the official gazette on Friday. Under this revised system, property owners will pay a consistent fee rather than 0.5% of the property’s total value. For properties valued at over Rs 50 lakh, the mutation fee is capped at Rs 10,000, significantly alleviating the financial burden on buyers. Municipal officials stated that this proposal was approved by the municipal corporation approximately seven months ago. The…

IndustryLatest Stories

Private firms to manage 60 property registration centers; Pune, Mumbai first

Representative AI image PUNE: The state government plans to establish 60 property registration offices across Maharashtra, managed by private institutions, to simplify the process, enhance efficiency, and reduce waiting times—albeit at an additional cost, officials informed TOI on Friday. The proposed centers are designed similar to passport service centers and will operate alongside the current 517 government-run sub-registrar offices. Officials stated that the revenue department approved the proposal last year, and its implementation will occur in phases. In the first phase, five centers will be launched in Mumbai, Pune, Thane, and Nagpur. “We anticipate opening them within six months. Tenders…

InfrastructureLatest Stories

120 Unsafe Buildings Found in 18 Odisha Districts: Survey

BHUBANESWAR: Recent government assessments presented by Works Minister Prithiviraj Harichandan in the ongoing Budget session have identified 120 unsafe buildings across 18 districts. According to the Minister, Cuttack has the highest number of unsafe buildings at 22, followed by Bargarh with 11. Various structures, including school buildings, hospitals, staff quarters, and government offices, have been marked as unsafe, prompting local authorities to take necessary action. The Minister urged local bodies in districts like Khurda, Ganjam, Rayagada, Nuapada, and Bargarh to intensify field surveys of aging government quarters, school buildings, and private commercial units to propose demolitions or reconstructions of identified…

InfrastructureLatest Stories

Delhi CM: Master Plan 2041 Set for Quick Approval

NEW DELHI: Chief Minister Rekha Gupta announced on Saturday that Delhi’s Master Plan 2041 is expected to gain approval soon, during her government’s one-year report presentation in the south Delhi Lok Sabha constituency. In attendance were South Delhi MP Ramvir Singh Bidhuri and MLA Kailash Gahlot. Gupta emphasized the anticipation among residents for the new Master Plan, which aims to steer the capital’s development. The previous Master Plan 2021, which dictated land use and infrastructure in Delhi, has expired, resulting in a policy void for extended urban planning. The upcoming Master Plan 2041, in development for several years, is projected…

Latest StoriesRegulatory

ED Seizes ₹14 Crore in Sai Surya Developers Fraud Case

HYDERABAD: The Enforcement Directorate (ED) in Hyderabad has provisionally attached assets worth ₹14 crore under the Prevention of Money Laundering Act. This action is part of an investigation into Sai Surya Developers and others, who are accused of defrauding numerous depositors by falsely claiming to sell plots in various real estate projects. The assets seized include land owned by Sai Surya Developers. The ED commenced its investigation based on multiple FIRs filed by the Telangana police against Sathish Chandra Gupta, the proprietor of Sai Surya Developers, among others. According to the police’s chargesheet, Gupta allegedly received payments from several victims…

Latest StoriesRegulatory

CEO of Vipul Arrested for ₹6 Crore Fraud in Gurugram

GURUGRAM: A CEO of a real estate firm has been arrested for allegedly swindling several lawyers out of Rs 6 crore under the guise of investing their money in a high-return project, according to police reports on Sunday. The accused, Puneet Beriwala (62), CEO of Vipul Limited and a resident of Gurugram’s Sector 42, was detained on Friday. A local court has since placed him in police custody for two days. In a complaint lodged on October 1 last year, a group of lawyers claimed they invested Rs 6 crore in Vipul Limited in 2024, lured by Beriwala’s promise of…