Category: Latest Stories

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InfrastructureLatest Stories

Indore: 16 Homes to Be Demolished for Metro Station Next Week

Sure! Here’s a rewritten version of the content: INDORE: Sixteen homes in the Piliyakhal area are set to be demolished next week to make way for a proposed underground Metro station near Bada Ganpati. The rehabilitation process for the residents of Bada Ganpati is progressing rapidly as the project unfolds. Senior administrative officials reported that the Metro management has suggested relocating the affected families to flats constructed under the Pradhan Mantri Awas Yojana in the Tapti Complex at Rangwasa. A sum of Rs 1.29 crore has been deposited with the district administration for the allotment of flats to the 16…

IndustryLatest Stories

Unitech CEO’s Term Extended by One Year

NEW DELHI: Unitech Ltd announced on Tuesday that its board has sanctioned a one-year extension for CEO Ashok Kumar Yadav. In a regulatory disclosure, Unitech, based in Gurugram, stated that during last month’s board meeting, the extension was approved effective from February 11, 2026, or until further notice, whichever comes first. In 2020, the central government intervened and superseded the company’s board following a Supreme Court ruling. The Ministry of Corporate Affairs suggested the formation of a new board, which the Supreme Court ratified on January 20, 2020. Unitech Ltd is currently dealing with a severe cash shortage, leading to…

IndustryLatest Stories

Rajasthan Considers Easing Building Rules to Attract Investment

JAIPUR: The state government is contemplating easing building height and setback regulations to foster a more adaptable and investor-friendly urban development framework, aiming to spur industrial growth and enhance affordable housing. The government is considering the principle of “Everything is allowed unless explicitly prohibited,” which would eliminate the need for formal conversion of agricultural land for non-agricultural uses if the intended purpose aligns with the master plan. An official informed that Chief Secretary V. Srinivas has updated the cabinet secretariat regarding Rajasthan’s second phase of compliance reduction and deregulation, detailing a comprehensive reform roadmap designed to simplify business operations and…

Latest StoriesRegulatory

Panel Formed to Investigate Thanisandra Demolitions in Bengaluru

BENGALURU: The Bangalore Development Authority (BDA) has established a two-member committee comprising retired district judges to investigate the removal of alleged encroachments in Thanisandra village, specifically in Arkavathi Layout. According to a public notice issued on January 29, the BDA appointed this committee to evaluate if proper procedures were followed during the demolition drive conducted on January 8, which resulted in the clearing of around 22 ‘illegal structures’ across two acres. Residents have expressed concerns after claiming they purchased the sites through agents, raising alarms over possible illegal property transactions, reminiscent of the issues previously reported in the Kogilu Layout…

Latest StoriesRegulatory

NCLT Forms Committee to Address Jaypee Infratech Complaints

NEW DELHI: The National Company Law Tribunal (NCLT) in Delhi has mandated the establishment of an independent expert committee to address the complaints of allottees involved in Jaypee Infratech projects, now under Suraksha Realty’s development. This ruling was issued on February 12, 2026. In a submission by advocates Ashwarya Sinha and Aditya Malhotra representing homebuyers, concerns were raised about excessive delays, unclear construction schedules, and unfair financial demands on buyers. The approved resolution plan included an independent monitoring committee (IMC), which was subsequently disbanded in May 2024 without notifying stakeholders. Following a review of all arguments, the court decreed that…

Latest StoriesResidential

Gurugram: Two farmhouses on 26 acres in Aravalis demolished

Representative AI image GURUGRAM: On Monday, the forest department took action against unauthorized construction in the protected Aravali region by demolishing a concrete wall and two farmhouses in the Raisina hill area. The affected land covers approximately 26 acres, where inspections revealed the illegal use of earthmovers and extensive concretization. Divisional Forest Officer (Gurgaon) Raj Kumar stated the action was warranted after confirming the resumption of construction activities in violation of environmental regulations. An earthmover was deployed to remove the concrete structures along a narrow forest path, leaving debris scattered across the hillside. This region falls under the Aravali Notification…

Latest StoriesRegulatory

Bombay HC: Co-op Societies Can’t Resolve Flat Succession Disputes

MUMBAI: The Bombay High Court criticized the divisional joint registrar of cooperative societies (Mumbai) for overturning an order that granted a man membership in a Peddar Road housing society. On February 9, Justice Amit Borkar stated that the authority under the Maharashtra Co-operative Societies Act is responsible for membership regulation, clarifying that it is not a civil court dealing with inheritance disputes. “The revisional authority exceeded its jurisdiction by reversing the membership order based on grounds outside the limited scope of such proceedings,” he remarked. In 1974, Pravinkumar Dave’s father nominated him as a minor for a flat and garage…

IndustryLatest Stories

Keystone Realtors to Redevelop 8 Housing Societies in Andheri East

MUMBAI: Keystone Realtors has been awarded a significant redevelopment project for Om Nagar Co-operative Housing Society Federation in Andheri (East), Mumbai, with an estimated gross development value of approximately ₹1,775 crore. The project entails the redevelopment of eight housing societies, covering a total land area of around 20,569.90 square meters. As reported by the company, the redevelopment will facilitate the rehabilitation of 637 current members from these societies, and it is projected to create a free-sale potential of about five lakh square feet of carpet area. Boman Irani, chairman and managing director of Keystone Realtors, stated, “We are enhancing our…

IndustryLatest Stories

2,000 Mumbai Redevelopment Projects’ Debris Reported Missing

Representative AI image MUMBAI: A civic investigation has revealed that tonnes of construction debris from nearly 2,000 redevelopment projects intended for designated disposal sites have not been reaching their intended locations, according to officials from Mumbai Mirror. Environmentalists suspect that this waste has been sold to land mafia for illegal encroachment on Mumbai’s mangrove and wetland areas. This significant environmental oversight came to light when the Brihanmumbai Municipal Corporation (BMC) examined documents and discovered that builders had repeatedly listed just seven sites as waste disposal locations for over 2,000 projects. “There is no way that so much debris could fit…