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IndustryLatest Stories

Illegal Ads Removed from Barricades in Noida Sector 150

NOIDA: A commercial plot in Sector 150, where software engineer Yuvraj Mehta drowned on January 16, is now under scrutiny for civic lapses. The plot’s owner, Wiztown Planners, claims that the Noida Authority ordered the removal of barricades at the site in July 2021. “The area was previously barricaded. The Noida Authority intervened and instructed Wiztown to take down the barricades, which included advertisements for their project named Artham,” Wiztown’s counsel stated to TOI on Monday. Last week, Wiztown’s director, Abhay Kumar, was arrested and named in two FIRs—one for culpable homicide not amounting to murder and negligence, and the…

IndustryLatest Stories

What Real Estate Stakeholders Want from Budget 2026

NEW DELHI: With the Union Budget 2026 on the horizon, real estate developers and stakeholders are advocating for policy changes aimed at enhancing housing affordability, increasing liquidity, rationalizing taxes, and fostering long-term urban development. They are urging revisions in homebuyer incentives, adjustments in GST, and support for institutional capital and infrastructure initiatives to alleviate demand-side stresses and supply-side constraints. Industry leaders suggest that Budget 2026 is a key moment to realign housing policies with the realities of escalating land and construction costs, shifting buyer preferences, and the expanding role of real estate in India’s economic growth. Pradeep Aggarwal, the founder…

Latest StoriesResidential

Nagrik Awas Yojana 2026: Buyers Claim Karamyogi Flats Overpriced

NEW DELHI: The Delhi Development Authority (DDA) launched the Nagrik Awas Yojana 2026 on Friday, offering over 1,712 flats in HIG, MIG, LIG, and EWS categories across Narela and Siraspur, with a flat 25% discount applicable to all units. This new initiative, however, sparked frustration among applicants of the Karamyogi Awas Yojana, which had been introduced on December 19 specifically for government employees, and also provided a 25% discount. Applicants of the Karamyogi scheme claimed that the flats offered under Nagrik Awas Yojana were nearly ₹10 lakh less expensive than those available under their scheme, despite being situated in the…

Latest StoriesResidential

90 Flats Auctioned in Omicron, Greater Noida

Representative Image NOIDA: The Greater Noida Authority will conduct an e-auction for 90 flats in Sector Omicron 1A on January 28. The reserve price for these flats ranges from Rs 73.2 lakh to Rs 74.3 lakh, based on the floor location. These flats are situated on the 1st and 15th floors, each offering a carpet area of 83.38 square metres and a super area of 104.7 square metres. Greater Noida Authority CEO NG Ravi Kumar has instructed the property department to expedite the allotment process to utilize the housing stock effectively, helping potential homeowners take advantage of this scheme. Interested…

Latest StoriesRegulatory

HC Urges Nagpur Civic Body to Tackle Illegal Buildings by Vidhan Bhavan

NAGPUR: Following years of judicial scrutiny and administrative inaction, the Nagpur Municipal Corporation (NMC) has initiated the demolition of unauthorized structures in two notable buildings — one located opposite the Vidhan Bhavan in Civil Lines and the other in Sadar. This decision follows pointed remarks from the Nagpur Bench of the Bombay High Court. During a court hearing on Thursday, the NMC, represented by counsel Jemini Kasat, announced that it had issued notices to the building owners, mandating the removal of illegal constructions within 15 days. Should they fail to comply, the NMC will proceed with demolition on the 16th…

Latest StoriesResidential

Andhra Pradesh’s 60-40 Model Reduces MIG Plot Costs

VISAKHAPATNAM: The Andhra Pradesh government has initiated registrations for middle-income group (MIG) plots under the Dr. NTR Smart Township scheme, utilizing a 60–40 model. In this approach, 60% of the land value is categorized as the sale price while 40% represents development charges, effectively lowering registration fees by 40%. Plot owners are projected to save between ₹60,000 and ₹1 lakh, depending on the size of the plot, with layouts like Palavalasa near Anandapuram already yielding benefits. With MIG layouts being developed statewide, this initiative is expected to positively impact thousands, leading to total savings in the crores. Specifically, in the…

Latest StoriesRegulatory

HC Dismisses YEIDA’s Appeal on Township Land Order

NOIDA: The Allahabad High Court has dismissed review petitions filed by the Yamuna Expressway Industrial Development Authority (YEIDA), upholding its previous order mandating the authority to transfer physical possession of land allocated to Silverline Furnishing and Furnitures Pvt Ltd for a residential township project. A division bench comprising Justices Siddhartha Varma and Ashutosh Srivastava stated that YEIDA failed to highlight any “error apparent on the face of the record” regarding the court’s judgment on November 16, 2023. The bench noted that the review petitions were essentially attempts to reargue the case, which is not allowed in review jurisdiction. The conflict…

Latest StoriesRera

UP-RERA Delivers ₹2,040 Crore Relief, Resolves 11,300 Cases in 2025

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully delivered ₹2,040 crore in relief to homebuyers through recovery actions, mutual settlements, and conciliation processes, addressing over 11,300 long-standing cases involving properties worth ₹5,920 crore by the end of 2025. A significant volume of complaints was submitted to UP-RERA benches under Section 31 of the RERA Act, mainly concerning delayed possession, refunds, and interest claims. Following hearings, recovery certificates (RCs) were issued against defaulting promoters, allowing district administrations to commence recovery procedures. Out of 6,018 RCs issued, ₹1,505 crore was recovered via legal enforcement and directly credited to…

Latest StoriesRegulatory

Telangana to Forensically Audit Land Deals in All Districts

HYDERABAD: The government has announced plans to carry out forensic audits throughout all districts to identify irregularities associated with the Dharani portal, following multiple violations uncovered in preliminary audits in Siddipet and Sircilla. Revenue Minister Ponguleti Srinivas Reddy stated on Saturday that those found exploiting the Dharani portal to illegally obtain government land and misappropriate registration revenues would face stringent action. He made these remarks during a high-level committee meeting at the Secretariat. “The state government has decided to conduct forensic audits across all districts to uncover irregularities linked to the Dharani portal. Several violations have already been identified in…

IndustryLatest Stories

Maharashtra links PMAY-Urban 2.0 to higher EWS prices

MUMBAI: The Maharashtra government has tightened the regulations under the Pradhan Mantri Awas Yojana (Urban) 2.0, requiring a minimum of 25% beneficiary registration before construction can begin or benefits can be accessed for certain affordable housing projects. This requirement applies to projects under the Affordable Housing in Partnership (AHP) and AHP-public private partnership (AHP-PPP) where the sale price of economically weaker section (EWS) homes exceeds the current annual statement of rates (ASR) by more than 20%. The updated guidelines, announced on January 23, were prompted by a review of detailed project reports (DPRs) submitted under PMAY (Urban) 2.0, which uncovered…