Category: Latest Stories

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Latest StoriesResidential

Ranchi: Harmu Housing Colony Targets Commercial Establishments

RANCHI: The Ranchi Municipal Corporation (RMC) is under scrutiny as it issues notices to businesses in Harmu Housing Colony for operating in residential areas, sparking concern among both traders and locals. With eight enforcement teams actively monitoring the area, officials have asserted that the colony is designated solely for residential purposes. JSHB Secretary Binay Lakra emphasized, “All these properties were allocated for residential use exclusively, and therefore, commercial establishments cannot be allowed.” Despite this claim, many businesses in Harmu have been operating for years, effectively transforming the area into a self-sufficient community. Currently, over 150 commercial units, ranging from grocery…

InfrastructureLatest Stories

Indore’s 450 Illegal Colony Legalization Faces Roadblock

INDORE: The hopes of residents in over 450 unauthorized colonies have been dashed as various government departments have raised objections to their regularization. Indore Municipal Corporation (IMC) has already legalized more than 200 colonies in previous phases, but the remaining cases face challenges due to complex land-use disputes and missing no-objection certificates (NOCs). As per IMC’s additional commissioner, Manoj Pathak, the regularization process has encountered obstacles after public notices were published for the remaining colonies. Objections have been raised by departments including Nazul, IDA, T&CP, and the Housing Board. ACS Sanjay Dubey elaborated that the current legalization policy is mainly…

IndustryLatest Stories

Hawelia Group Receives UP-RERA Approval for Noida Project

NEW DELHI: Hawelia Group announced on Sunday that it will invest ₹770 crore to revive a 22-acre housing project in Greater Noida, following approval from the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA). The company’s involvement will help over 2000 homebuyers who have been waiting for years to see their investments realized. In 2023, the Delhi-NCR-based firm reached an agreement with SJP Infracon, the previous promoter of the stalled ‘Shri Radha Sky Gardens’ project, to ensure its completion. The firm sought governmental approval to act as a co-promoter in this delayed development. In its statement, Hawelia Group mentioned that it…

IndustryLatest Stories

HUDCO, NBCC Sign MoUs for Delhi Redevelopment, Asset Deals

NEW DELHI: Housing and Urban Development Corporation Limited (HUDCO) announced on Saturday that it has entered into two Memorandums of Understanding (MoUs) with NBCC (India) Limited for collaboration on redevelopment and asset monetization projects. As per a stock exchange filing, “HUDCO has signed two MoUs with NBCC on April 11, 2026.” The first MoU aims at the redevelopment of a significant property located in the national capital. The filing noted that the two companies will “collaborate on the redevelopment of a leasehold plot… approximately 18,830 sq mt. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi.” The…

IndustryLatest Stories

Jammu & Kashmir: 415 Building Permits Issued in 2025-26

JAMMU: The tourism sector in Jammu and Kashmir is witnessing significant growth, with tourism development authorities (TDAs) issuing 415 building permissions in 2025-26 alone, surpassing the total from the last two financial years combined. In total, from 2023 to 2026, 807 building permissions were granted in the Union territory, according to official statistics. Over the past three years, TDAs have identified more than 500 unauthorized constructions in prominent tourist areas, leading to notices being served, FIRs registered, penalties imposed, and demolitions carried out. The tourism department reported that 245 building permissions were issued in 2023-24, followed by 147 in 2024-25,…

IndustryLatest Stories

24 Industrial Plots Available Across Greater Noida Sectors

Representative AI image NOIDA: The Greater Noida Industrial Development Authority has introduced a scheme offering 24 industrial plots across various sectors to stimulate investment and promote industrial development. The plots are situated in Ecotech-1 (Extension 1), Ecotech-6, Ecotech-8, Ecotech-10, Ecotech-11, and Sector 16. Officials indicated that this initiative aims to enhance Greater Noida’s status as a manufacturing and logistics hub, capitalizing on its close proximity to Noida International Airport. Applicants will be assessed based on criteria such as financial stability, net worth, and employment generation potential, with extra consideration given to start-ups, export-oriented units, women entrepreneurs, SC/ST applicants, and expansion…

Latest StoriesRegulatory

NCLAT Confirms Project-Specific Insolvency for Realty Firms

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has affirmed that insolvency proceedings initiated by homebuyers against construction firms must be restricted to the specific project where the default occurred, rather than extending to other projects of the corporate debtor. The tribunal underscored that jeopardizing unrelated projects does not serve the interests of homebuyers or stakeholders involved in those projects. “The law is clear that when financial creditors or homebuyers from a single project file a Section 7 application due to default by the corporate debtor, the Corporate Insolvency Resolution Process (CIRP) must be limited to that project,” the…

IndustryLatest Stories

Real Estate Private Equity Soars 66% to $1.2B in Q1 2026

NEW DELHI: Private equity (PE) investments in India’s real estate sector reached $1.2 billion in the January-March quarter of 2026, reflecting a 66% rise from the same period last year, as reported by Savills India. Office assets represented the largest portion of these investments at 41%, primarily concentrated in markets like Gurugram and Pune. The hospitality sector followed, capturing a 17% share, indicating a growing interest from investors in asset classes beyond the traditional ones. Domestic investors were the main contributors to equity inflows this quarter, accounting for $817 million, which is approximately 66% of total investments. A significant 63%…

IndustryLatest Stories

Haryana Updates Housing Policy: Requires One Parking Space per Unit

Representative Image NEW DELHI: The Haryana government has updated its Affordable Housing Policy, 2013, adjusting parking requirements and increasing allotment rates for residential units in cities like Gurugram and Faridabad. According to the updated policy, developers are now required to provide one equivalent car space (ECS) for each dwelling unit. The cost for this parking will be limited to 10% of the flat’s purchase price. Additional parking can be allocated for visitors or two-wheelers, with designated slots to be specified during building plan approvals. For ongoing projects lacking these parking provisions, developers must secure consent from at least two-thirds of…

IndustryLatest Stories

RIICO Enables Sale of Rajasthan Financial Corporation Properties

Representative Image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has granted conditional approval for issuing No Objection Certificates (NOCs) to the Rajasthan Financial Corporation (RFC) for the sale of properties that were allotted to it. According to a statement from RIICO, the RFC is permitted to sell properties located in several industrial zones across Banswara, Kota, Alwar, Jhunjhunu, Abu Road, Balotra, Jalore, and Bhiwadi. These properties were allocated by RIICO over time at either concessional or current market rates for constructing office and residential buildings. RFC sought NOCs from RIICO to facilitate these plot sales, and the…