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Latest StoriesRegulatory

Bombay HC: PILs on Bhutani project in Sancoale unfounded

PANAJI: The Bombay High Court has dismissed public interest litigations (PILs) questioning the permissions for Bhutani’s Acqua Eden project in Sancoale. The judges, Justices Bharati Dangre and Nivedita P Mehta, ruled that the technical objections raised were “unfounded and not substantiated by any concrete material.” While the court acknowledged the PILs were entertained in the interest of the public, it found no merit in the objections against the project. The court observed there were no discrepancies in the slope level computations and noted that the Secretary of the Mormugao Planning and Development Authority verified the use of advanced systems for…

IndustryLatest Stories

Karnataka allows registrars to eliminate fake registrations

BENGALURU: The state government has introduced draft rules aimed at combating fraud in property registration, empowering district registrars to cancel registrations made with forged or illegal documents without requiring court intervention. This marks a significant change in the state’s registration process. On Friday, the Karnataka Registration (Refusal and Cancellation of Registered Documents) Rules 2025 were unveiled, inviting public feedback for 15 days before their finalization. These provisions aim to address persistent loopholes in the document registration system. According to the draft rules, a district registrar can annul fraudulent registrations either independently or upon receiving a complaint. Affected individuals have three…

Latest StoriesResidential

Pune: PMRDA Targets Illegal Plotting in Purandar

Representative AI image PUNE: The Pune Metropolitan Region Development Authority (PMRDA) has ramped up efforts against illegal plotting in Purandar taluka, demolishing unauthorized layouts in three villages over the last two days. The demolition drive, which commenced on November 19, will extend into Monday, as informed by Joint Commissioner Dipti Suryawanshi-Patil to TOI. Following numerous complaints from buyers who were misled into buying plots without the necessary permissions, PMRDA recently conducted a survey across 15 villages in Purandar and uncovered several violations. Demolition activities took place in Deodi, Ambodi, and Kalewadi, where plots had been sold without non-agriculture (NA) permission…

Latest StoriesResidential

Mumbai’s Redevelopment Surge Drives Home Rents Soaring

MUMBAI: Contrary to expectations, the rental pressure in Mumbai remains high despite the ongoing redevelopment initiatives that began post-pandemic, with numerous new towers emerging to increase housing stock. In fact, the situation has worsened. As housing societies continue to sign redevelopment agreements, the actual availability of rental units has declined, causing rents to rise instead of stabilize. In Khar West, a housing society entered a development agreement two years ago, offering members alternative housing at a rate of Rs 140 per square foot per month. However, construction delays meant that members had to vacate recently, only to be faced with…

InfrastructureLatest Stories

Bhubaneswar: BMC Demolishes Unauthorised Construction in Sampur

Representative image BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has instructed the removal of unauthorized construction at a multi-storied apartment complex in Sampur after a thorough investigation under the Orissa Development Authorities Act, 1982. The order was issued by the ODA court following multiple complaints from homebuyers in the same project, who reported deviations from the approved building plan. According to the court’s findings, the developer failed to adhere to essential requirements, including setbacks, internal road width, and inter-block gaps. A field verification report indicated significant setbacks in the residential project. The internal road measured only 16.9 to 18 feet instead…

Latest StoriesRegulatory

Chandigarh: Builder must refund ₹12 lakh to plot buyers, says panel

CHANDIGARH: The district consumer disputes redressal commission has mandated a real estate developer in New Chandigarh to refund ₹12.63 lakh to two homebuyers, alongside a 9% annual interest due to deficiency in service. Additionally, the commission awarded ₹50,000 for mental agony and legal expenses. In a complaint lodged by Manveet Singh Johar and Simran Arora, residents of Sector 50-B, Chandigarh, the homebuyers detailed their booking of a 150 sq yard residential plot in January 2015 within a project in New Chandigarh. They reported having paid 30% of the basic sale price, totaling ₹12,63,834, via receipts from January and March 2015.…

InfrastructureLatest Stories

Centre announces updates to DDA’s transit-oriented policy

NEW DELHI: The Central government has announced changes to the Delhi Development Authority’s (DDA) Transit Oriented Development (TOD) policy, as indicated in a gazette notification released on Saturday. The “TOD Zone” designates a 500-metre wide area on both sides of the approved Metro Corridors Routes and surrounding regional and interstate mass transit stations, including the Regional Rapid Transit System (RRTS). A public notice from the DDA stated, “The Delhi Development Authority has proposed modifications in ‘Chapter – 20 on Transit Oriented Development (TOD) in the Master Plan for Delhi – 2021’ under Section 11-A of the DD Act.” The proposed…

Latest StoriesRegulatory

Landlords Face Legal Action for Tenants’ Criminal Involvement: Lucknow Police

Representative AI image LUCKNOW: On Friday, the Lucknow Police announced that landlords could face legal action if a tenant involved in any criminal activity is found on their property without the landlord having provided or updated the tenant’s details. This warning is a part of “Operation Pehchaan,” a tenant-verification initiative aimed at preventing criminals from concealing themselves in rental properties due to the increase in migration to the state capital. With Lucknow’s rapid growth in trade, education, and employment opportunities, thousands move to the city annually, prompting police to enhance surveillance efforts. To simplify tenant registration, the police have introduced…

IndustryLatest Stories

ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund

NEW DELHI: ATS HomeKraft has successfully repaid ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2). This repayment was made using internal cash flows from the HCARE-2 portfolio projects. The HCARE-2 portfolio with ATS HomeKraft included over 7,500 housing units, with total sales estimated at around ₹8,000 crore. Vipul Roongta, CEO and MD of HDFC Capital, stated, “Many projects in the portfolio have experienced price increases of nearly three times in 4–5 years, indicating strong demand for quality mid-income housing.” The company has also recently prepaid ₹190 crore to the SWAMIH Investment Fund I for its ATS Marigold project…

CommercialLatest Stories

Odisha Approves Policy to Become GCC Hub

BHUBANESWAR: The Odisha government has recently approved a policy aimed at transforming the state into a hub for Global Capability Centres (GCCs) through a range of incentives, an official reported. A GCC is a facility set up by multinational companies to centralize and handle essential business operations such as IT, research and development, and finance. A cabinet meeting led by Chief Minister Mohan Charan Majhi approved 12 proposals from nine departments, including the Odisha Global Capability Centre (GCC) Policy 2025, as stated by Chief Secretary Manoj Ahuja. The new policy seeks to attract major multinational firms to set up and…