Category: Latest Stories

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Latest StoriesRegulatory

NGT Orders MoEFCC to Reassess Gurugram Housing Clearance

NEW DELHI: The National Green Tribunal has instructed the Ministry of Environment, Forest and Climate Change to reassess the environmental clearance for a group housing project expansion in Gurugram’s Sukhrali village. The directive came during a hearing in which the resident welfare association (RWA) contested the granting of environmental clearance (EC) by the Haryana State Environment Impact Assessment Authority (SEIAA) for the project’s expansion. A bench led by NGT Chairperson Justice Prakash Shrivastava and member expert A Senthil Vel observed that a three-member expert committee was established in 2021 to re-evaluate the project’s environmental impact and submit findings to the…

Latest StoriesResidential

Builders Target Linking Road Societies, Offering Up to ₹1L/Sq Ft

MUMBAI: Marketed as Mumbai’s equivalent to London’s Oxford Street and Manhattan’s Fifth Avenue, Linking Road has become a hotspot for builders eager to acquire entire housing societies, making jaw-dropping offers that are shaking up the real estate landscape. The mantra seems to be “Take the money and move on,” with most families readily accepting these lucrative deals. Take Brindaban Society on Linking Road in Santacruz West, for example. Developer Mohit Kamboj from Aspect Realty, known for his ties to the BJP and CM Devendra Fadnavis, has spent approximately Rs 170 crore to buy all 14 apartments in the Brindaban. “This…

Latest StoriesRegulatory

DM mandates tenant, employee verification in Jammu by Nov 6

JAMMU: Authorities have mandated that all landlords, property owners, and business leaders in Jammu must report details of their tenants, domestic helpers, and employees to local police within seven days, as announced by officials on Saturday. District Magistrate Rakesh Minhas stated that this directive, issued on Friday under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), was prompted by a report from the Senior Superintendent of Police, Jammu, emphasizing the necessity for tenant verification. This order is timed just ahead of the reopening of government offices, which had been closed in Srinagar since October 31 and are set to…

Latest StoriesResidential

Mumbai property registrations fall 14% to 11,200 in October 2025

NEW DELHI: Mumbai city (BMC jurisdiction) is projected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching ₹1,004 crore. This represents a 14% decline in registrations year-on-year and a 17% drop in revenue collections. Comparing month-over-month data, registrations decreased by 7%, and stamp duty collections saw a 22% decline. Residential transactions accounted for about 80% of all registrations during the month. Prashant Sharma, president of NAREDCO Maharashtra, commented, “The slight decline in registrations this October should be viewed as a temporary adjustment, not a cause for concern. We anticipate that with supportive government initiatives and…

Latest StoriesResidential

Stilt-Four Project Tackles Urban Sprawl Amid Ludhiana Concerns

LUDHIANA: The Punjab government’s decision to significantly revamp its urban planning laws—permitting the construction of stilt-plus-four-floor buildings to curb sprawling development and enhance housing availability—has elicited varied responses, though industry leaders generally express approval for the increased flexibility. The Chief Minister, Bhagwant Mann, introduced the Punjab Unified Building Rules 2025, a reform that developers view as a vital advancement towards vertical development and more effective land utilization. These revisions not only elevate the maximum height allowance for buildings within municipal boundaries but also facilitate the sale of individual floors, essentially transforming the urban landscape. Key Changes According to the new…

Latest StoriesResidential

Lucknow’s Fake Flat Racket Busted; Five Arrested for Fraud

LUCKNOW: Police have launched an investigation into a wide-ranging forgery and fraud case involving counterfeit flat allotment letters connected to the Lucknow Development Authority (LDA). The investigation was initiated following a formal complaint from Ram Kishore, a senior LDA official. A First Information Report (FIR) was filed at Gomtinagar Police Station against five individuals, including Harshit Gupta, along with Piyush Pathak, Ravi Kumar Kashyap, Rimpy Singh, and Varun Kumar Sahu, plus an unidentified accomplice, for allegedly fabricating and distributing fraudulent allotment letters with forged signatures of senior LDA officials. According to Ram Kishore, the issue was brought to light when…

IndustryLatest Stories

SRA to Map All Mumbai Slum Structures by Dec 2025

NEW DELHI: The Slum Rehabilitation Authority (SRA) has set a goal to map every slum structure in Mumbai by December 2025 as part of a tech-driven reform initiative aimed at expediting slum rehabilitation schemes, according to CEO Mahendra Kalyankar. The SRA has launched digital innovations, including a STQC-certified web portal available in 25 languages, integrated online modules with role-specific access, blockchain-based document approvals, and chatbot-enabled consumer interfaces. These enhancements are designed to improve transparency, accelerate project approvals, and heighten accountability in scheme implementation. Sukhraj Nahar, president of CREDAI MCHI, noted that the SRA’s embrace of technology and development-oriented approach has…

IndustryLatest Stories

Tamil Nadu’s Land Reforms Dept. Sets Record Maintenance Guidelines

Representative image CHENNAI: The land reforms department has issued a comprehensive circular to district collectorates and revenue officers, outlining the protocols for maintaining documents to ensure their accessibility and longevity. This initiative follows criticism from the state information commission regarding the inadequate upkeep of records, which has resulted in numerous Right to Information Act petitions being denied due to the unavailability of requested documents. The circular emphasizes that records concerning patta transfers, land acquisitions, ownership details, land reclassification, encroachments, government land leases, land surrenders, and tax schemes must be systematically maintained by local district collectorates, with copies submitted to the…

Latest StoriesRegulatory

SC Rejects Request to De-Seal Commercial Properties in Delhi

NEW DELHI: On Friday, the Supreme Court dismissed a request to de-seal a commercial property located in New Rajinder Nagar Market, Delhi. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran issued the order in response to a longstanding environmental public interest litigation (PIL) initiated by MC Mehta in 1985. Justice Chandran, authoring the judgment, rejected the de-sealing request but ordered the Municipal Corporation of Delhi (MCD) to conduct a new inspection, identify any non-compoundable violations, and outline conversion and penalty fees. The court indicated that the applicant could regularize the property by eliminating illegal constructions…

IndustryLatest Stories

Partial OCs for Greater Noida Projects with 25% Advance

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has opted to issue partial occupancy and completion certificates to developers who have made advance payments in line with the UP government’s rehabilitation policy for stalled projects. This decision, announced on Tuesday, aims to provide immediate relief to countless buyers awaiting their flats for years and to developers grappling with project completion due to financial and bureaucratic obstacles. According to the new order, developers who have paid at least 25% of their recalculated dues—considering the two-year grace period granted during the Covid pandemic—and have made additional payments towards the remaining 75%, will…