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IndustryLatest Stories

FPCE: Many States Fail to Publish Real Estate Reports

NEW DELHI: The Forum for People’s Collective Efforts (FPCE) has highlighted that several state real estate regulators are neglecting their legal requirement to regularly publish annual reports. In a statement this Friday, FPCE pointed out their non-compliance with Section 78 of the Real Estate (Regulation and Development) Act, 2016. “Despite clear legal obligations and repeated instructions from the Ministry of Housing and Urban Affairs, over 75% of State RERA Authorities across India have either never published annual reports, stopped publication, or are not current,” FPCE noted. The organization urged the ministry to direct all RERA authorities to submit annual reports…

IndustryLatest Stories

Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…

Latest StoriesResidential

Bhubaneswar Residents Accuse Developer of Road Encroachment

Representative image BHUBANESWAR: Residents of a prominent housing project in GGP Colony have accused the developer of encroaching on their common road to facilitate a neighboring construction project. The residents report that heavy vehicles and construction machinery have been using the road designated solely for their housing complex, creating inconvenience and safety hazards for over 50 families. They claim this is happening despite the second project not having secured the necessary approvals from local authorities. As part of the ongoing dispute, residents further allege that the developer has occupied common areas within their existing complex, including parts of the ground…

Latest StoriesResidential

Trichy’s Luxury Flats See High Demand From Buyers

TRICHY: With rising calls to designate Trichy as the state’s second capital, residential flat prices in key locations have surged, often exceeding those in parts of Chennai. Land prices have increased nearly 25% in the last two years, with premium flats now starting at over Rs 1.5 crore. Developers report sustained interest from buyers in high-end apartments, featuring larger floor plans and modern amenities, driven by improvements in the city’s infrastructure. Real estate professionals attribute the sharp rise in land prices to significant investments in public infrastructure, such as Tidel Park and industrial estates, as well as airport expansion and…

InfrastructureLatest Stories

DDA Issues Notice to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced its intention to re-acquire 123 land parcels in various south Delhi villages, following recent Supreme Court directives related to multiple land acquisition cases. Officials indicated that this measure aims to prevent buyers from inadvertently purchasing land that is currently under legal dispute. The public notice, issued by the DDA’s land management department, specifies that this re-acquisition process adheres to Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. According to the notice, “The Supreme Court has issued judgments in…

IndustryLatest Stories

Reforming Land Policies Can Boost Housing Affordability: Niti Aayog

Representative AI image NEW DELHI: Rajiv Gauba, a member of Niti Aayog, highlighted significant challenges in housing development due to land constraints. He called for comprehensive reforms to reduce land costs. “We should allocate a minimum of 10% of residential land for affordable housing in our master plans, increase permissible FARs (Floor Area Ratios) from the current 2-3 to 5-6, promote transit-oriented development, and adopt land pooling. These strategies will help reduce land costs and increase housing supply,” he stated. Currently, land accounts for 50-70% of total project costs, which is notably higher than in similar infrastructure sectors. Gauba made…

Latest StoriesRera

Bhuvanteza Infra Fined by Telangana RERA for Unauthorized Sales

HYDERABAD: The Telangana State Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹43.7 lakh on Bhuvanteza Infra Project Private Limited, based in Banjara Hills, for unauthorized allotment of units in its ‘Tulasi Lake Front’ project located in Suraram, Medchal–Malkajgiri district. This decision was made on December 1, 2025, following two separate complaints by customers. The first complaint was lodged by Maheshwaram Padma, a resident of Chintal, Tirumalagiri. The Authority found that the company had violated statutory regulations by allotting a flat without proper legal entitlement, misrepresenting ownership, collecting amounts without authority, and engaging in unfair trade practices, violating…

Latest StoriesRegulatory

ED Arrests ex-Lodha Developers Director in ₹85 Cr Money Laundering

MUMBAI: The Enforcement Directorate (ED) has formally arrested Rajendra Lodha, a former director of Lodha Developers Limited, in connection with an alleged money laundering case involving ₹85 crore. The ED’s case is built on accusations of cheating and forgery reported by the Mumbai police under the Bharatiya Nyaya Sanhita (BNS). Lodha was previously arrested in a related crime branch case back in September and has remained in judicial custody. During the investigation, the ED presented him to a special court overseeing cases filed under the Prevention of Money Laundering Act (PMLA), where he was officially placed under arrest. He is…

Latest StoriesRegulatory

Mumbai launches e-auction for six properties over ₹455 crore tax

MUMBAI: The Mumbai civic body has initiated e-auction proceedings for six properties due to unpaid property taxes totaling ₹455.48 crore. The Brihanmumbai Municipal Corporation (BMC) has also issued final notices to two additional defaulters, as stated in their release. “Despite receiving several notices, the property owners have failed to pay the outstanding amount of ₹455,48,94,374, including penalties. Consequently, the e-auction process will begin for six properties located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon, and Malad-Kurar village,” the release detailed. The two properties in the Fort area of South Mumbai have been given 21 days to settle their dues,…

Latest StoriesRegulatory

Gurugram Naib Tehsildar Faces Scrutiny Over Deeds for Ansal

GURUGRAM: A naib tehsildar is under investigation following the suspension linked to a hotel registry scandal. Narender, stationed in Wazirabad, is accused of registering multiple conveyance deeds associated with Ansal Buildwell, despite a ban from the Department of Town and Country Planning (DTCP). Recently suspended due to the Bristol Hotel registry controversy, Narender is now being scrutinized for his involvement in past registries approved at the tehsil level. Concerns have arisen from the registries processed in Wazirabad, particularly regarding a deed for approximately 450 square yards of land meant for a dispensary in Sushant Lok 3, which was registered without…