Category: Latest Stories

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Latest StoriesRegulatory

Allahabad HC Rejects Noida Authority’s Charge on Windsor Tower

NOIDA: The Allahabad High Court has overturned a nearly Rs 12 crore demand made by Noida Authority from Windsor Corporate Tower. In a ruling delivered on October 31, Justice Prakash Padia stated that extension fees should be calculated based on the original lease premium rather than current allotment rates or location fees. The court annulled three orders — dated May 25, 2018, September 3, 2020, and January 15, 2021 — issued by Noida Authority and the state government. The court mandated that the Authority must recalculate the extension fees strictly according to the original lease agreement and reimburse any excess…

Latest StoriesRegulatory

Odisha HC Permits Vigilance Court Trial in BDA Scam Case

CUTTACK: The Orissa High Court has upheld a vigilance court’s ruling that denied the discharge of former officials involved in the 2014 Bhubaneswar Development Authority (BDA) plot allotment scandal, affirming that sufficient evidence exists for the trial to move forward. Justice Chittaranjan Dash rejected criminal revision petitions put forth by Bibhuti Bhusan Ray and Prakash Chandra Patra, along with two co-defendants, contesting the November 23, 2024 order from the additional special judge (vigilance) in Bhubaneswar. The petitions sought to dismiss charges related to the alleged irregular allotment of 10 commercial plots in Chandrasekharpur. In his judgment on November 12, Justice…

CommercialLatest Stories

Greater Noida unveils ₹3,600-crore commercial plot scheme

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has unveiled one of its largest commercial land schemes in recent years. The initiative features 37 plots across key sectors with a total reserve price of Rs 3,604 crore. All allocations will be done through e-auction, with dates to be announced later. The plots, governed by FAR 4 and FAR 2 regulations, are designated for commercial complexes, retail centers, offices, and mixed-use developments. GNIDA indicates that FAR-4 plots can host malls, showrooms, hotels, offices, and banquet halls, while FAR-2 plots are suitable for retail shops, service outlets, restaurants, and…

InfrastructureLatest Stories

Gurugram RWAs Given Six Weeks to Repair Rainwater Systems

Representative image GURUGRAM: During a recent inspection, nearly 90% of rainwater harvesting systems in high-rise societies were found to be non-functional. As a result, the GMDA has instructed developers and resident welfare associations (RWA) to restore these systems within four to six weeks. They must also provide proof of functionality by December 31. After the deadline, nodal officer R S Bath and his team will conduct random inspections of societies to confirm if their water harvesting systems are operational. Since May 2020, the MCG has mandated these systems for all residential buildings, group housing societies, schools, hotels, and industrial establishments…

InfrastructureLatest Stories

Kolkata: KMRC Demolishes Two More Buildings for Cave-in Zone

Sure! Here’s a rewritten version of the content: Representative AI image KOLKATA: In an effort to facilitate the reconstruction of homes that collapsed during the tunneling incident in August 2019, two more houses in the Bowbazar metro collapse zone have been demolished. The recent demolition of 10B Durga Pituri Lane and 14B Sykrapara Lane was carried out by KMRC to eliminate steel beams that could hinder construction. Approximately 23 new houses are set to be built in the vacant space at Durga Pituri Lane, with the reconstruction of three additional homes in progress nearby. This comes after the opening of…

IndustryLatest Stories

Nagpur Seeks Freehold Status for 332 Shiv Nagar Plots

Representative image NAGPUR: The Nagpur Municipal Corporation (NMC) is preparing to submit a proposal to the state government to grant freehold status to 332 plots in the Shiv Nagar (Mirchi Bazaar) layout. This decision has sparked new political dynamics ahead of the civic elections, as plot holders from the remaining 20 NMC-owned layouts—over 1,300 beneficiaries citywide—are now advocating for similar relief, claiming favoritism and selective action by the administration. The proposal, strongly advocated by Central Nagpur MLA Pravin Datke and endorsed by CM Devendra Fadnavis, aims to convert leasehold plots in Shiv Nagar into freehold. This comes after the government’s…

Latest StoriesResidential

Mumbai: JVPD Bungalows Yield to Buildings as Families Expand

MUMBAI: In the early 1970s, Bollywood icons like Amitabh Bachchan, Dharmendra, Shatrughan Sinha, Rakesh Roshan, and Jeetendra found refuge in the serene Juhu-Vile Parle Development Scheme (JVPD) for its privacy and abundant green spaces. Spanning 200 acres, JVPD consists of 42 acres designated for internal roads, featuring 702 plots and 14 cooperative societies. Originally planned in the 1950s as a middle-class neighborhood with modest two- to three-story buildings, the area is now experiencing a redevelopment boom, with property prices soaring to Rs 70,000 to Rs 80,000 per square foot in luxury towers. Anand Pandit, a renowned builder and Bollywood producer,…

Latest StoriesResidential

Mumbai BMC housing lottery attracts 2,037 for 426 homes

MUMBAI: The BMC’s online lottery for 426 homes across the city received only 2,037 applications, indicating a tepid response. The highest interest was seen for the 14 homes in Marol, which garnered 937 applications. This was followed by 393 applications for 46 homes in Kandivali and 189 for 19 homes in Goregaon. The flats, ranging from Rs 55 lakh to Rs 1 crore, are situated in Kandivali, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon, targeted at applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories, with an expected revenue of around Rs 308 crore from sales. In comparison,…

Latest StoriesRegulatory

Haryana’s Wazirabad Tehsil Faces Probe Ahead of Property Registry Launch

GURUGRAM: Allegations of widespread irregularities have emerged in Wazirabad tehsil just prior to the shift to an online property registration system, prompting the deputy commissioner to initiate an inquiry. “The Badshahpur sub-divisional magistrate has been instructed to investigate and provide a report promptly,” stated a senior official. SDM Sanjeev Kumar remarked, “The investigation is underway. We have requested all relevant records from the tehsil administration.” Sources indicate that several property deeds were manually registered on October 31—the final day before the complete transition to the online system—despite existing restrictions on certain properties and builders. Officials reported that numerous transactions amounting…

Latest StoriesRera

RERA Boosts Property Deal Transparency: Tamil Nadu Chairman

MADURAI: Homebuyers often face challenges due to a lack of information when purchasing properties. However, with the implementation of the Real Estate (Regulation and Development) Act (RERA), buyers can now easily verify project details through the official website, according to Shiv Das Meena, chairman of the Tamil Nadu Real Estate Regulatory Authority (TNRERA). Speaking at an awareness program on Saturday, Meena introduced an explanatory manual on RERA regulations, emphasizing the Act’s role in promoting transparency, accountability, and credibility in the real estate sector. He noted that RERA has revolutionized the home buying process in the state by establishing a safer…