Category: Latest Stories

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InfrastructureLatest Stories

Panchkula Takes Action Against Illegal Colonies

Representative AI image PANCHKULA: An enforcement drive conducted by the district town planning (DTP) department led to the demolition of two unauthorized colonies in Barwala and Plasra villages on Tuesday. In accordance with the directives from Deputy Commissioner Satpal Sharma, the DTP team utilized JCB machines to dismantle an unpaved road, a damp-proof course (DPC) structure, and boundary demarcations for three plots. District Town Planner Babita Gupta emphasized that no construction or colony development is allowed without the prior approval of the Director of the Town and Country Planning Department, Haryana. She cautioned that strict action will be taken against…

IndustryLatest Stories

Mohali Body Sets 15-Day Deadline for Land Pooling Claims

Representative AI image MOHALI: The Greater Mohali Area Development Authority (Gmada) has called on landowners whose properties were acquired for the Eco City-3 project in New Chandigarh to submit or update their claims under the land pooling scheme. In a public notice, Gmada encouraged landowners who have not yet opted for the land pooling option to download the required application form, fill in the necessary revenue details, and submit it to the Land Acquisition Collector (LAC) office, Gmada. The authority has also requested that landowners who have previously applied under the scheme confirm or update their land pooling preferences within…

Latest StoriesRera

UP-RERA Requires Separate Bank Account for IFMS Deposits

Representative AI image NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has announced amendments to the UP-RERA General Regulations, 2019, establishing guidelines for the collection, management, transfer, and utilization of Interest Free Maintenance Security (IFMS) funds. The 12th amendment has been added under Regulation 47 and will take effect from the date of publication on the authority’s website. According to the updated regulations, promoters must collect IFMS from allottees at the time of registering a sale, lease, or sub-lease deed and deposit the amount in a designated account with a scheduled bank. The funds collected should be invested…

Latest StoriesResidential

Ranchi Civic Body Warns 232 PMAY Beneficiaries for Illegal Rentals

RANCHI: This Tuesday, the Ranchi Municipal Corporation (RMC) initiated a campaign against the misuse of welfare housing. They issued show-cause notices to 232 beneficiaries of the Pradhan Mantri Awas Yojana (Urban) for unlawfully renting out their designated properties. The enforcement action was prompted by reports of unauthorized subletting within the residential complex at the Light House Project in Dhurwa, developed under the housing scheme. A preliminary investigation by civic officials uncovered that many recipients were not residing in their allocated flats, undermining the primary goal of the initiative and converting the subsidized housing into rental ventures. Authorities stated that this…

Latest StoriesRegulatory

Bombay HC Rejects Plea on Mulshi Land for Housing Project

PUNE: The Bombay High Court ruled that the state has the authority to repurpose gairan lands—government-owned communal land designated for free grazing of village livestock—for public projects by the central or state governments. This decision was made under Section 40 of the Maharashtra Land Revenue Code (MLRC), which takes precedence over other provisions. A bench of Justice Manish Pitale and Justice Shreeram V Shirsat dismissed a writ petition from the gram panchayat of Nere village in Mulshi taluka and two villagers, challenging the district collector’s orders from June 13, 2025. These orders involved allocating two gairan land parcels of 4…

IndustryLatest Stories

Lucknow: LDA to Create 2051 GIS Master Plan for Six Districts

LUCKNOW: The Lucknow Development Authority (LDA) has been appointed as the nodal agency for developing the Uttar Pradesh State Capital Region (UPSCR). It is currently preparing a Geographic Information System (GIS)-based Master Plan-2051 for the six districts included in the initiative. This digital plan will unify land use, water bodies, forests, green belts, and proposed developments over approximately 26,000 sq km into a single platform to enhance planning and monitoring. The proposed UPSCR will encompass Lucknow, Barabanki, Sitapur, Hardoi, Unnao, and Rae Bareli. The regional master plan aims to establish a long-term framework for structured growth and coordinated regional development.…

Latest StoriesResidential

Celebrity Homes: A Rising Trend, ETRealty

MUMBAI: Bollywood actor Ranbir Kapoor has acquired a total of 25.7 acres of land in Pune’s Mulshi taluka through four separate transactions for over Rs 16.42 crore. The acquisitions include four adjacent parcels in Village Pimpri, Mulshi, a region that has seen the rise of luxury second homes, private estates, and hospitality projects in recent years. The largest parcel, measuring 10.8 acres, was purchased for Rs 7.08 crore. Kapoor also bought a 7.4-acre parcel for Rs 4.62 crore, a 5.3-acre parcel for Rs 3.32 crore, and a 2.2-acre parcel for nearly Rs 1.40 crore. The total stamp duty for these…

Latest StoriesResidential

206 Families at Unitech Fresco, Gurugram Get OCs After 10 Years

GURUGRAM: After nearly a decade of waiting, 206 families residing in four towers of Unitech Fresco in Sector 50 have finally received their occupation certificates (OCs), providing them with long-awaited legal security for their homes. The town and country planning department (DTCP) issued a part OC for towers 14 to 17 on Tuesday, marking the final approval needed for the residential buildings within the project. Now, every tower in Fresco has received an occupation certificate. The delay extended far beyond a simple regulatory pause. Without an OC, property registrations were stalled, obtaining home loans became challenging, and selling or mortgaging…

Latest StoriesRegulatory

Pradeep Constructions contests GHMC notice in Telangana HC

HYDERABAD: Pradeep Constructions has filed a petition with the Telangana High Court against a GHMC show-cause notice that seeks to revoke its building permissions for a high-rise residential project in Somajiguda, which is allegedly situated within the Full Tank Level (FTL) of the Hussainsagar Lake. The managing partner, B Pradeep Reddy, argues in his petition that the notice is illegal, arbitrary, lacks jurisdiction, and relies on unverified evidence. Justice B Vijaysen Reddy, who presided over the case on Tuesday, instructed that the hearing be scheduled before the appropriate bench. Earlier this month, GHMC issued a show-cause notice regarding a 17-floor…

IndustryLatest Stories

Signature Global Q1 FY27 pre-sales drop 25% to ₹1,970 crore

NEW DELHI: Signature Global recorded pre-sales of ₹1,970 crore in Q1 FY27, marking a 25% decline from ₹2,640 crore in Q1 FY26. The average sales realization rose to ₹17,093 per sq ft in Q1 FY27, up from ₹15,250 per sq ft in FY26. Collections amounted to ₹670 crore in Q1 FY27, compared to ₹930 crore in Q1 FY26. The company’s net debt increased to ₹390 crore at the end of Q1 FY27 from ₹200 crore at the close of FY26. As of June 30, 2026, it had cash and bank balances, including fixed deposits, of ₹2,522 crore. Chairman and whole-time…