Category: Latest Stories

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Latest StoriesResidential

DTCP Audits Ramprastha Primera in Gurugram Amid Balcony Concerns

GURUGRAM: The Department of Town and Country Planning (DTCP) has mandated a thorough structural audit of Ramprastha Primera in Sector 37D following concerns raised by residents regarding the safety of the group’s balconies and other structures. In directives issued to Ramprastha Promoters & Developers Pvt. Ltd., district town planner (enforcement) Amit Madholia has instructed the developer to carry out a comprehensive structural audit at its own expense. This assessment must be conducted by one of the four engineers approved by the panel led by Gurgaon’s additional deputy commissioner and should commence within the next 15 days. The order came after…

IndustryLatest Stories

Keystone Realtors Hits ₹617 Crore in Q1 FY27 Pre-Sales

NEW DELHI: Keystone Realtors achieved pre-sales totaling ₹617 crore in the first quarter of FY 2026-27, a decline from ₹1,068 crore in the same period last year. The company noted that there were no new launches scheduled for this quarter, with pre-sales mainly driven by sales from ongoing projects. Collections for Q1 FY27 reached ₹599 crore, a slight increase from ₹575 crore in Q1 FY26, bolstered by revenues from previously sold units and current project sales. Keystone Realtors outlined plans for future project launches across the Mumbai Metropolitan Region in the upcoming quarters. During this quarter, the company introduced two…

Latest StoriesRegulatory

Delhi Court Cancels Bail of Nivas Promoters’ Director in Fraud Case

NEW DELHI: A Delhi court revoked the bail of a builder accused of defrauding homebuyers in Greater Noida. The court found that he repeatedly violated bail conditions, ignored directives, and exploited the leniency granted. Judicial Magistrate Ankit Garg listened to the prosecution’s request to cancel the bail previously granted to Rahul Chamola, director of ‘Nivas Promoters Pvt Ltd’, on December 13, 2023. The court noted Chamola’s behavior indicated a blatant disregard for bail conditions. In February 2024, he sought exemption from personal appearance, which was granted upon payment of a ₹5,000 fee; however, by October of the same year, he…

InfrastructureLatest Stories

Goa: TCP Approves 12 Land Conversions in 5 Talukas

Sure! Here’s a rewritten version of the content you provided: PANAJI: The Town and Country Planning (TCP) board has greenlit 12 private applications under Section 39A of the TCP Act, allowing for the conversion of 2.1 hectares of green cover into settlement zones across five areas: Bardez, Salcete, Ponda, Tiswadi, and Sattari. Among the approved applications are those by Chicalim sarpanch Kamla Prasad Yadav and his son, cricketer Veer. These applications pertain to the conversion of orchard land in Verna, representing approximately 34% of the 21,085 sqm converted as of Thursday’s TCP notification. Both individuals are publicly associated with the…

Latest StoriesResidential

Bhopal Residents Voice Civic Grievances in Their Colonies

Representative AI image BHOPAL: Over 250 individuals who purchased homes in various residential colonies of Bhopal gathered at the district collectorate auditorium on Thursday to express their concerns. District Collector Priyank Mishra organized a session to address civic issues faced by residents. ADM Sumit Pandey led a team of officials to engage with the attendees, many of whom reported receiving homes without essential civil amenities such as roads, sewage lines, and in some instances, basic utilities like water and electricity. Numerous participants expressed feelings of betrayal, claiming the developers made numerous promises but have since redirected their efforts to new…

Latest StoriesRegulatory

NGT Orders Ghaziabad DM to Halt Illegal City Forest Construction

NEW DELHI: The National Green Tribunal has issued an interim order mandating the district magistrate to prevent any illegal construction within Sai Upvan, a 200-acre forest area located in Ghaziabad, Uttar Pradesh. The tribunal is addressing concerns regarding the declining state of the area, which faces several environmental challenges, being recognized as the city’s “lungs.” In an order dated July 2, NGT Chairperson Justice Prakash Shrivastava and expert member Afroz Ahmad acknowledged claims made by the applicant’s advocate, Akash Vashishtha. He reported that despite the area being classified as a city forest according to the 2021-2031 master plan, the Ghaziabad…

Latest StoriesRegulatory

Gurugram Realty Fraud: Court Invalidates ED Summons for Accused’s Son

NEW DELHI: A Delhi court has ruled that the Enforcement Directorate (ED) cannot issue a summons to Amit Katyal’s residence in the national capital to serve his son, Krishan Katyal, who resides abroad. The court emphasized that due legal process must be followed for serving someone living overseas. Additional Sessions Judge Sheetal Chaudhary Pradhan heard Amit Katyal’s application requesting that the ED be prevented from considering the summons served at his address as valid for his son. The judge directed the agency to adhere to proper legal procedures for serving a foreign national. The court’s order dated July 8 stated,…

CommercialLatest Stories

Meghalaya Cabinet OKs Second IT Park in New Shillong

Representative AI image SHILLONG: The Meghalaya cabinet has approved the revised administrative approval (AA) for the second IT park building at the Shillong Technology Park campus in Umsawli, New Shillong. “The primary structure is close to completion. This revised approval will facilitate the creation of additional plug-and-play office spaces, a larger cafeteria, a modern auditorium, and centralized air-conditioning to cater to the needs of global IT and technology firms,” stated CM Conrad K Sangma after the cabinet meeting on Wednesday. The extra work is projected to cost around Rs 36 crore, as reviewed by the planning and finance departments. “According…

Latest StoriesRegulatory

SC Addresses Recent Delhi, Lucknow Fires; Questions Civic Bodies

NEW DELHI: The Supreme Court has expressed serious concerns over unauthorized constructions in Delhi-NCR, particularly following recent fire incidents in Delhi and Lucknow. The Court admonished civic bodies, stating that top officials could be held personally accountable for failing to follow its directives. A bench comprised of Justices Ahsanuddin Amanullah and R Mahadevan requested the personal appearance of officials from the Municipal Corporations of Delhi, Gurugram, and Lucknow. The bench noted their non-compliance with directives issued over time. The Supreme Court was dissatisfied with inaction regarding its May 20 directives concerning the sealing, demolition, and other legal actions against unauthorized…

Latest StoriesRegulatory

SC: Bank Merger Doesn’t Protect Tenants from Eviction

NEW DELHI: In a landmark ruling, the Supreme Court declared on Thursday that the merger of a tenant bank with another entity does not relieve the transferee bank from eviction under the Delhi Rent Control Act without the landlord’s written consent. Ending a nearly 40-year legal dispute, a bench comprising Justices Sanjay Karol and K Kotiswar Singh ordered Punjab National Bank (PNB) to vacate the tenanted premises at Connaught Circus by January 31, 2027, and return it to the owner, the British Motor Car Company Ltd. The court approved the eviction request from British Motor Car Company, which filed a…