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IndustryLatest Stories

Uttar Pradesh to Use Vacant Society Spaces in Redevelopment Plan

LUCKNOW: Residents of Lucknow and other significant cities may join forces to redevelop existing housing societies. Following the example set by metro cities, a new redevelopment policy launched by the state government allows for the utilization of additional space in residential layouts to create larger units. If two-thirds or more apartment owners in a layout exceeding 1,500 sq mt (16,146 sq ft) consent, redevelopment efforts can commence to construct improved apartments. To support the project’s financial viability and attract private developers, various incentives will be available. The local housing development authority will provide a 50% rebate on development charges, an…

IndustryLatest Stories

Vadodara Civic Body Lacks Rental Records Before 1983

VADODARA: The Vadodara Municipal Corporation (VMC) is facing ongoing issues with the frequent disappearance of old documents related to the properties it has rented out across the city. The VMC is currently owed approximately Rs 12 crore from various rental agreements, including shops, cabins, handcarts, and temporary sheds. It keeps a register to track all properties that have been rented out. Unfortunately, it appears that many of the rent records maintained over the years are the only documentation available for numerous properties. In total, there are 2,737 such rental agreements on file. A VMC official noted that many of these…

IndustryLatest Stories

Commercial Plots for Project-Affected Farmers in New Nagpur

Representative AI image NAGPUR: Maharashtra’s Revenue Minister Chandrashekhar Bawankule introduced a “historic” package for the New Nagpur initiative on Friday. He stated that landowners affected by acquisitions would now receive commercial plots alongside monetary compensation, as the government began gathering eligibility lists for a potential farm loan waiver. During a media briefing in Nagpur, Bawankule highlighted that the updated package represents a significant shift from the previous policy, which only provided financial compensation. Under the new framework, farmers in commercial zones will also receive developed plots, reinforcing support for the project and expediting the city’s growth. Additionally, the state launched…

InfrastructureLatest Stories

Goa Plans STP Mandate for All Complexes with 24 Flats

PANAJI: The Goa State Pollution Control Board (GSPCB) has reached out to the Town and Country Planning (TCP) department advocating for the implementation of its directive mandating that all residential complexes with 24 or more flats install sewage treatment plants (STPs). In correspondence with the chief town planner, GSPCB emphasized that builders are responsible for maintaining the STP for a duration of three years or until the complex is transferred to the housing society. As per the Goa Land Development and Buildings Regulations, 2010, STPs are currently only required for complexes with 50 or more flats. If units are linked…

Latest StoriesRera

Over 900 Jharkhand builders miss quarterly report deadline

RANCHI: The Jharkhand Real Estate Regulatory Authority (JRERA) is set to issue notices to 904 builders statewide for neglecting to submit required quarterly construction and financial progress reports. Developers involved in residential projects with over eight flats are mandated to register with JRERA and provide detailed quarterly updates on construction status, financial health, and project progress. These disclosures aim to promote transparency and accountability in the real estate industry. Data from JRERA indicates that by December 2025, 1,711 projects were recorded with the authority throughout Jharkhand. However, over 50% of these projects did not submit their quarterly progress reports for…

Latest StoriesRegulatory

Directors of Shah Housecon Charged with ₹5 Crore Cheating

MUMBAI: Two directors of a real estate company have been charged with cheating a developer of approximately ₹5 crore under the guise of investment in a Slum Rehabilitation Authority (SRA) project in Malad, as reported by a police official on Friday. A representative from the Kasturba Marg police station stated that a case has been filed against Mansukh Shah and Akash Mansukh Shah, directors of Shah Housecon Private Limited. The case has since been handed over to the Economic Offences Wing (EOW) for further investigation. Real estate developer Nilesh Narendra Raghani lodged a complaint claiming he was introduced to the…

Latest StoriesResidential

Centre grants permanent housing; JJ clusters near PM’s home to vacate by March 6.

NEW DELHI: Residents of three jhuggi-jhopri (JJ) clusters near the prime minister’s residence have been instructed to vacate their homes following the Centre’s allocation of permanent housing as part of a rehabilitation initiative, as per an official notice. The notice, issued by the Land & Development Office (L&D) under the Ministry of Housing and Urban Affairs (MoHUA), mandates that residents of BR Camp, Masjid Camp, and DID Camp near Race Course Road relocate to the newly assigned flats at Savda Ghevra in northwest Delhi. A MoHUA official confirmed that all residents in these three clusters have been allocated housing, with…

Latest StoriesRegulatory

Ex-Jaypee Infratech MD Surrenders at Tihar Jail, Delhi

NEW DELHI: Manoj Gaur, the former Managing Director of Jaypee Infratech, surrendered to the authorities at Tihar Jail following a Delhi court’s decision to deny his regular bail application in a money laundering case linked to alleged fraud against homebuyers, which is being investigated by the ED. According to officials, Gaur, who had previously received interim bail, surrendered on Thursday and is now incarcerated in Tihar Jail. Jaiprakash Power Ventures Ltd also announced on Friday that Gaur, who serves as a non-executive director and chairman of the company, has “surrendered before judicial authorities upon expiration of the term of his…

Latest StoriesResidential

Central Park to Invest ₹1,200 Crore in Gurugram Housing Project

NEW DELHI: Central Park Estates is set to invest ₹1,200 crore in the development of the Belanova residential project in Gurugram. The project is projected to generate revenues of approximately ₹2,500–3,000 crore and will be financed through project funding and internal reserves. It will feature 124 residences with an average price of around ₹25 crore each. The company anticipates securing around ₹500 crore in FY26 through private offerings to friends and family, followed by an expected ₹1,000 crore in FY27. The development is expected to be completed by July 31, 2026. Published On Feb 20, 2026 at 07:33 AM IST…

Latest StoriesResidential

Pune property registrations drop 17% in January 2026: Knight Frank

Sure! Here’s a rewritten version of the content: PUNE: In January 2026, Pune saw 14,527 property registrations, yielding ₹609 crore in stamp duty, according to a Knight Frank India report. Although registrations dipped by 17% year-on-year compared to January 2025, stamp duty collections experienced a slower decline of 5%, indicating sustained activity in higher-value transactions. On a month-to-month basis, the city rebounded from the year-end dip, with registrations increasing by 20% and stamp duty collections rising by 37% compared to December 2025, the report highlighted. Properties priced below ₹1 crore remained prevalent, though their market share edged down to 82%…