Category: Latest Stories

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IndustryLatest Stories

Reliance MET City to Create Integrated Mixed-Use Project in Haryana

Representative AI image NEW DELHI: Reliance MET City, a wholly-owned subsidiary of Reliance Industries, has unveiled a new integrated mixed-use development spanning approximately 100 acres called Metropolis, located in Daryapur, Jhajjar district, Haryana. This initiative is part of a larger 140-acre master-planned development, which includes residential plots, industrial plots, and plans for future group housing. Residential plot sizes range from 112 sq yards to 179 sq yards, priced between ₹99,000 and ₹1,10,000 per sq yard. The project is being developed in two phases and is move-in ready. Financing is through self-funding, with all construction and infrastructure managed internally. Published On…

IndustryLatest Stories

Telangana Builders Seek Farmhouse Approval in Conservation Areas

Representative AI image HYDERABAD: In a significant move that may reshape development on the outskirts of Hyderabad, realtors and builders in Telangana have urged the state government to allow farmhouse plotting under conservation land use, with clearly defined size and construction parameters. They argued that this would control unregulated growth, bring structure to existing grey areas, and generate consistent revenue for the government. During a recent meeting with officials from the municipal administration department, representatives from builders’ associations such as NAREDCO, CREDAI, and TDA proposed permitting farmhouse plots with a minimum size of 10 guntas (around 12,000 square yards). They…

InfrastructureLatest Stories

AAI Alerts on Unapproved Construction Near Dehradun Airport

DEHRADUN: The Airports Authority of India (AAI) has raised concerns about illegal construction activities near Jolly Grant Airport, highlighting potential air safety hazards. The AAI emphasized that obtaining prior approval is crucial before initiating any building projects in the airport’s vicinity, noting that violations could lead to regulatory penalties. Airport officials stated that a recent aerodrome safeguarding inspection uncovered numerous residential and commercial buildings erected without the necessary No Objection Certificate (NOC). The authority warned that any construction within designated height-restricted and safeguarded areas without proper authorization could jeopardize flight operations and passenger safety. BCH Negi, the airport director, mentioned…

InfrastructureLatest Stories

Navi Mumbai’s Development Projects Stalled by Land Acquisition Uncertainty

Representative AI image NAVI MUMBAI: The transfer of responsibility from PCMC to Cidco has halted numerous building development projects in rural areas due to uncertainties surrounding land acquisition on privately owned land. The PCMC is requesting clarity from builders, developers, and landowners by needing Cidco’s No Objection Certificate (NOC) to proceed with building plans. However, Cidco has purportedly provided ambiguous responses, claiming that the New Town Development Authority (NTDA) cannot issue NOC for developments on private lands, a stance that PCMC does not accept. Neither PCMC nor Cidco has granted the necessary permissions for developers to begin their proposed projects.…

Latest StoriesRegulatory

Delhi Court Requests Police Report on ’32nd Milestone’ Promoters

NEW DELHI: A local court has requested an action-taken report from the police regarding a plea for the registration of an FIR against the promoters of the Gurugram-based “32nd Milestone” commercial project. The complaint alleges cheating, fund diversion, and significant financial irregularities. Judicial Magistrate Devanshi Janmeja issued this notice on February 5, instructing the police to provide a report, with the next hearing scheduled for March 13. The application was lodged by senior citizen Arvind Gupta, who accuses the promoters and associated entities of cheating, forgery, criminal conspiracy, and intimidation. The implicated parties include 32nd Vistas Private Limited, Growth Hospitality…

Latest StoriesResidential

Odisha to Convert Vacant Government Buildings into Affordable Housing

Representative AI image BHUBANESWAR: The Odisha government is taking steps to identify vacant and unused state-owned buildings in urban areas to convert them into affordable rental housing, as stated in an official document. The initiative aims to improve housing options for the urban poor and working class. Usha Padhee, Additional Chief Secretary of the Housing & Urban Development Department, directed key departments to identify underutilized assets within their control and to report this information to the Odisha Urban Housing Mission (OUHM). Padhee emphasized that housing is essential for urbanization, impacting health, stability, education, and economic opportunities for families. Previously, housing…

InfrastructureLatest Stories

Greater Noida Seals 100 Illegal Flats, Recovers 54,000 sq m

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has recovered over 54,000 square meters of encroached land in five villages in the last two weeks, intensifying efforts against illegal construction in environmentally sensitive areas near the Hindon floodplain. According to officials, the campaign, which took place over the past 16 days, covered Kheda Choganpur, Bhanota, Haibatpur, Chipiyana Khurd, and Rohillapur. As a result, eight unauthorized residential towers with over 100 flats were sealed, and several unlawful structures were demolished. On Friday, the Authority’s team dismantled illegal constructions at Shivam Enclave in Haibatpur village, clearing nearly 7,000 square…

Latest StoriesRegulatory

Bankruptcy Court Initiates Insolvency Proceedings for Vatika

NEW DELHI: A bankruptcy court has approved the admission of a real estate developer from Gurgaon into the corporate insolvency resolution process (CIRP) following an application by IDBI Trusteeship Services. This action was prompted after the firm defaulted on dues totaling approximately Rs 274 crore. The Chandigarh bench of the National Company Law Tribunal (NCLT) has designated Jayant Prakash as the interim resolution professional (IRP) to oversee the company’s proceedings. IDBI Trusteeship, acting on behalf of non-convertible debenture (NCD) holders, submitted the case to the tribunal. Senior counsel Gopal Jain and advocate Meghna Mishra represented the trustee company, arguing that…

InfrastructureLatest Stories

Gurugram Metro Land Acquisition Gains Momentum

Representative AI image GURUGRAM: The land acquisition process for the Gurgaon Metro project has progressed, with the initial meeting of the Land Purchase Committee (LPC) chaired by Deputy Commissioner Ajay Kumar. The committee, established under Haryana’s policy for private land acquisition via mutual consent, evaluated the land requirements submitted by GMRL. During the meeting, the DC directed the land acquisition officer to carry out a joint inspection and prioritize ownership verification for land identified for corridor-1. “This process is expected to take about a week, after which the next LPC meeting will be scheduled for February 11,” an official noted.…

Latest StoriesRegulatory

Property Sales Halted in Gurugram’s Valley View Estate Due to License Lapse

GURUGRAM: The Haryana Department of Town and Country Planning (DTCP) has prohibited the execution of sale or conveyance deeds for properties in Valley View Estate, a 21.61-acre group housing colony in Gwalpahari. This action follows the expiration of the project’s development license, originally issued in 1994, which has not been renewed for over a decade. In a recent notice to the sub-registrar at Wazirabad and district authorities, the district town planner (enforcement) in Gurgaon indicated that the development license, granted on June 8, 1994, was only valid until June 7, 2011. This license was issued to BSF Co-operative House Building…