Category: Latest Stories

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Latest StoriesResidential

Nashik: 75,000+ beneficiaries to receive homes on Republic Day

NASHIK: The Nashik Zilla Parishad (ZP) has facilitated the construction of over 75,000 homes through various housing schemes, which will be handed over to beneficiaries on Republic Day. The CEO of Nashik ZP, Omkar Pawar, stated, “The construction and payments to the beneficiaries have been completed. They will move into their new homes on Republic Day.” The District Rural Development Agency has reported that 51,000 houses were built under the Pradhan Mantri Awas Yojana (Rural), with an additional 24,000 houses constructed through various state-sponsored initiatives. “This endeavor was successfully executed through collaboration among various departments. The Nashik ZP is dedicated…

Latest StoriesRegulatory

Lucknow: Properties Worth ₹158 Crore in Rohtas Project Seized

LUCKNOW: On Friday, the Lucknow zonal office of the Directorate of Enforcement provisionally attached 75 immovable properties and two movable properties valued at Rs 158.85 crore, with a current market valuation exceeding Rs 350 crore, under the Prevention of Money Laundering Act, 2002, as part of a money laundering investigation related to Rohtas Project Limited and associated entities. The immovable properties, valued at Rs 141.21 crore, are registered under the names of Deepak Rastogi, promoter of the Rohtas group, and various entities including Vardan Township Pvt Ltd and several benamidars. The movable properties, valued at Rs 17.64 crore, belong to…

Latest StoriesResidential

Lucknow Body to Build Luxury Flats in Gomtinagar Extension

Representative AI image LUCKNOW: The Lucknow Development Authority (LDA) plans to develop the Narmada Apartment in Sector-4 of Gomtinagar Extension, featuring 300 luxury flats along with 12 penthouses. LDA Vice-Chairman Prathamesh Kumar announced that registration for these flats will be open from January 24 to February 23, offering only 3BHK plus study configurations. Applications will be accepted solely through the LDA website, with a registration fee of 5% of the estimated flat cost. Candidates from reserved categories will be required to pay a reduced fee of 2.5%. Allotment of the flats will be determined by a lottery system. Each flat…

Latest StoriesRegulatory

Noida Techie Death: NBW Issued for Lotus Founder Nirmal Singh

NOIDA: A non-bailable warrant has been issued for the absconding founder of Lotus Greens, Nirmal Singh, linked to the death of engineer Yuvraj Mehta, who drowned after his car fell into a waterlogged trench in Sector 150 on January 17. Singh has evaded capture since the case came to light, prompting multiple police raids to locate and arrest him. Authorities warned that failure to surrender could result in property attachment proceedings against him. Singh faces charges under various acts, including the Environment Protection Act of 1986 and the Water (Prevention and Control of Pollution) Act of 1974, along with multiple…

IndustryLatest Stories

DLF Enters Senior Living Homes Sector

NEW DELHI: Realty giant DLF Ltd announced it will debut a senior living housing project in Gurugram this quarter, with an estimated revenue potential of around Rs 2,000 crore as part of its expansion strategy. This marks DLF’s entry into the senior living housing market, further diversifying its offerings. During a conference call, DLF Ltd Managing Director Ashok Tyagi emphasized that housing demand in Gurugram, a core market for the company, remains strong, particularly for reputable developers. He confidently stated that DLF aims to achieve pre-sales of Rs 20,000-22,000 crore for the fiscal year, despite experiencing low sales bookings of…

Latest StoriesRera

Builders fined ₹25,000 for late quarterly reports: Karnataka RERA

Here’s a rewritten version of the content: BENGALURU: In an effort to safeguard homebuyer rights, the Karnataka Real Estate Regulatory Authority (K-Rera) has decided to enforce a penalty of ₹25,000 per quarter on promoters who fail to submit quarterly progress reports (QPRs) for the financial year 2025-26, as required by the Real Estate (Regulation and Development) Act, 2016. In a circular released on Tuesday, K-Rera reminded promoters that they are obligated to upload quarterly updates of their registered real estate projects on the K-Rera website within 15 days of each quarter’s conclusion. The authority stated that it has the authority…

IndustryLatest Stories

Mhada to Pay ₹200 Crore to Reclaim 3 Vacant Plots in Mumbai

MUMBAI: Mhada will invest ₹200 crore to re-acquire three plots related to the ₹1,039-crore Patra Chawl redevelopment scandal. This payment was approved by the state cabinet last week, with an official resolution issued on Thursday. This payment is part of Mhada’s consent terms submitted to the High Court, which is currently addressing a contempt petition from builder Guruashish Constructions, a subsidiary of HDIL. Mhada appointed Guruashish Constructions for the project in 2008, and a tripartite agreement was established between residents of the Goregaon area, the planning authority, and the builder to facilitate redevelopment. However, work was halted by 2011. Mhada…

IndustryLatest Stories

Builders seek Bengaluru authority’s help to fix e-khata delays

BENGALURU: Builders in Karnataka are facing challenges with delays in property registrations and project handovers, attributed to e-khata and approval-related issues, even for projects that have already received occupancy certificates. Addressing these concerns, the Karnataka chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) submitted a request to the GBA on Monday, urging immediate intervention to streamline processes. The challenges were highlighted at the South Con 2026 conclave on Friday, where Credai representatives from all five southern states discussed the ongoing delays. Developers pointed out that despite having project approvals, hold-ups in e-khata clearance and completion certificates…

CommercialLatest Stories

Ludhiana Residents Oppose Commercial Rezoning Plans

LUDHIANA: Residents from some of the city’s top neighborhoods are alleging that local authorities are sidestepping democratic norms in an expedited effort to transform tranquil residential streets into commercial areas. The Ludhiana municipal corporation has completed the “regularization” of commercial activities along significant corridors such as Hambran Road and Malhar Road, and is finalizing the rezoning of BRS Nagar main road. While the intention is to enhance municipal revenue, homeowners have reacted strongly, claiming that the process was shrouded in “total secrecy” to benefit illegal businesses. Accusations of procedural neglect J S Gill, a BRS Nagar resident and former member…

CommercialLatest Stories

Chronos Properties extends ₹148 crore bank guarantee for IL&FS office

NEW DELHI: Brookfield-backed Chronos Properties has successfully renewed a ₹148 crore bank guarantee, keeping its bid alive for the prime Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS). In an affidavit submitted to the National Company Law Appellate Tribunal (NCLAT), Chronos announced that on December 19, 2025, it provided three demand drafts totaling ₹148 crore to the registrar at the Mumbai bench of the National Company Law Tribunal. Previously, on December 5, NCLAT instructed Chronos Properties to renew its bank guarantee within a month to remain eligible as a bidder for the IL&FS Financial Centre at BKC,…