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IndustryLatest Stories

Architects urge Ranchi civic body to resolve approval deadlock

RANCHI: The Jharkhand association of licensed technical professionals, including architects and engineers, has expressed concerns over delays and rejections in the approval of building maps from the Ranchi Municipal Corporation (RMC). On Saturday, the association sent a letter to the municipal commissioner, pointing out that property owners must pay holding taxes on vacant land and obtain a holding number prior to applying for map approval. Despite receiving a holding number after thorough verification of documents—such as sale deeds, mutations, updated rent receipts, and khatian—applicants still encounter significant obstacles later in the process. Sujeet Bhagat, head of the association, stated, “Numerous…

Latest StoriesRegulatory

Bombay HC: Collector’s Office Failing to Execute RERA Refunds

MUMBAI: The Bombay High Court observed on Friday that a pending refund case under RERA related to a Chembur project reveals a troubling situation within the collector’s office. Justices AS Gadkari and Kamal Khata noted that the execution of decrees under the MahaRERA is not being properly enforced, even though it is legally required. On July 10, the court issued notices to the Mumbai suburban district collector and a tehsildar to explain why they should not face action under the Contempt of Courts Act for failing to comply with a July 8 order and providing requested information about the builder’s…

Latest StoriesRera

Approved Drawings for Panchkula Flat: Haryana REAT to DLF

CHANDIGARH: The Haryana Real Estate Appellate Tribunal (HREAT) has instructed a real estate company and the Haryana Department of Town and Country Planning (DTCP) to present the approved and advertised plans concerning a flat in a 34-acre luxury residential project located in Panchkula. This order was issued following a complaint from a homebuyer regarding the carpet area of the apartment and the pricing basis. In its ruling dated July 2, the tribunal also requested the occupation certificate corresponding to the approved plans, mandating that the records be submitted in a sealed envelope. The dispute involves DLF Homes Developers’ Valley Gardens…

Latest StoriesResidential

1.71 Lakh Homes Sold in Top 8 Indian Cities in H1 2026

Representative AI image NEW DELHI: According to a report from Knight Frank India, India’s eight leading residential markets recorded a total of 171,471 housing unit sales in H1 2026, marking a one percent increase year-over-year. New housing launches reached 187,350 units during the same period, reflecting a four percent annual growth. Total sales for the year 2025 were 348,207 units, slightly lower compared to the previous year. Knight Frank noted that the residential market is entering a phase of late-cycle consolidation, as sales stabilize after a four-year recovery period following the pandemic-induced downturn in 2020. Mumbai continues to lead as…

CommercialLatest Stories

Executive Centre leases 1.15 lakh sq ft in Delhi Aerocity

Representative AI image NEW DELHI: The Executive Centre (TEC) India has secured a lease for 114,954 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per documents obtained from Propstack. The company will occupy the seventh floor under this new lease, effective from March 26, 2026. The monthly rent is approximately ₹2.47 crore, starting at ₹215 per sq ft. Over the nine-year lease period, the total rent is projected to be around ₹309 crore, factoring in scheduled escalations. A security deposit of about ₹14.83 crore has been paid. The lease includes a 15% rent escalation…

Latest StoriesRegulatory

Ulhasnagar Uncovers ₹170 Crore in Misrecorded Tax Properties

Representative AI image ULHASNAGAR: In a groundbreaking initiative, the Ulhasnagar Municipal Corporation (UMC) has launched ‘Project Manthan’ aimed at cleaning up its property tax database and enhancing revenue management. Under the leadership of municipal commissioner Manisha Awhale, the project has uncovered nearly Rs 170 crore in outstanding property taxes associated with non-existent or incorrectly recorded properties. The property tax department, supervised by Neelam Kadam, is executing this initiative to rectify inaccuracies, eliminate duplicates, identify ghost properties, and bring previously unassessed properties into the tax fold. This effort is structured over three phases: the first addressing properties with tax dues exceeding…

Latest StoriesRegulatory

Navi Mumbai Issues Notices to 295 Officials for Illegal Builds

NAVI MUMBAI: The Navi Mumbai Municipal Corporation (NMMC) has issued show-cause notices to 295 personnel, including 10 deputy municipal commissioners, 91 assistant municipal commissioners, 75 junior engineers, and 119 clerical staff from the encroachment section, for their roles in allowing widespread illegal constructions, according to Umesh K Parida. In this case, Cidco has been brought into the proceedings for appropriate adjudication, but not as a contempt party. This information was included in an affidavit submitted by the NMMC to the Bombay High Court. A two-judge bench is currently reviewing a contempt petition filed by advocate Kishor Shetty, requiring these staff…

Latest StoriesResidential

Residents protest waterlogging, incomplete amenities in Zirakpur

MOHALI: Residents of Aura Homes near Nabha Sahib organized a protest on Friday due to ongoing issues with waterlogging, seepage in their flats, and insufficient civic infrastructure. They claim the builder abandoned the project after selling most units. Waving placards and chanting slogans, residents pointed out that several promised amenities—including a clubhouse, park, gated entrance, boundary wall, effective sewerage system, sewage treatment plant (STP), rainwater harvesting system, and paved internal roads—remain unfulfilled despite multiple assurances. Resident Sahil mentioned that even light rainfall results in significant waterlogging in the community, highlighting the absence of a reliable drainage system. Water collects in…

IndustryLatest Stories

Builders’ Association of India requests clarity on Tamil Nadu JDA rules

Representative AI image Recently, a developer seeking to process a sale deed at the Mylapore sub-registrar office was instructed to register a joint development agreement (JDA) first—an initiative that has not yet been implemented in the state. Developers have expressed concerns that such discrepancies are resulting in property registration delays. The registration department is currently drafting guidelines for the JDA, which will outline the responsibilities of landowners and developers, including construction timelines. Presently, collaborations in Tamil Nadu between landowners and developers are primarily conducted via power of attorney (PoA). However, officials from numerous sub-registrar offices have been insisting on the…

Latest StoriesResidential

Mumbai: Tardeo Residents Get Relief for OC-less Buildings

Representative AI image MUMBAI: Nearly a year after the Bombay High Court ordered residents of Tardeo’s Willingdon View Co-operative Housing Society Ltd to vacate the upper 18 floors of their 34-storey building due to the absence of an Occupation Certificate (OC), many are expressing relief following the BMC Standing Committee’s approval on July 8 of a proposal that may regularize such buildings. Residents are now urging for the prompt clearance of the proposal by the BMC’s General Body, and they are requesting that the standard operating procedure (SOP) be made public to facilitate payment of the required charges, acquisition of…