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Latest StoriesRegulatory

Khadki Cantonment to Tackle Commercial Use of Public Spaces

PUNE: The Khadki Cantonment Board (KCB) is set to take stringent measures against individuals and organizations exploiting public properties created for the benefit of local residents. This decision comes after a review of properties within the board’s jurisdiction and numerous complaints from residents. In the last ten years, marriage halls, gyms, community centers, and temples have been built on cantonment land with funding from the MLA Local Area Development Scheme. However, officials have noted that these spaces are often managed by private operators for profit, undermining their initial purpose. KCB’s CEO, Manisha Lohia, confirmed the board’s findings. “These facilities were…

IndustryLatest Stories

Suraj Estate Developers Q2 FY26 Net Profit Rises 3.96%

NEW DELHI: Suraj Estate Developers has announced a 3.96% growth in net consolidated profit for the quarter ending September 30, 2025. The profit after tax was ₹33.09 crore in Q2 FY26, compared to ₹31.83 crore during the same period last year, according to a filing with BSE. The company reported a total net consolidated income of ₹145.42 crore in Q2 FY26, marking a significant increase of 32.65% from ₹109.63 crore in the equivalent quarter last year. The board of directors has approved a postal ballot notice to seek shareholder approval for the special resolution regarding the appointment of Ananta Singh…

Latest StoriesResidential

Mumbai: Sanjan Bungalow’s Original Owners Challenge Sale

MUMBAI: The Davierwalla family, original owners of the Sanjan bungalow property—which was transformed into an affordable facility for the Parsi-Irani community—has firmly opposed its sale to a developer. The family sold the ancestral property in 1997 to the World Zoroastrian Organisation Trust Funds (WZOTF) for a nominal price of Rs 65 lakh, conditioned for community use only. Recently, TOI reported increasing backlash against WZOTF’s plan to sell the 2.5-acre property, citing losses due to low occupancy. In a letter to WZOTF trustees, sisters Anahita and Roshan Davierwalla declared they “strongly and unequivocally oppose the proposed sale of our ancestral property…

IndustryLatest Stories

Indore Property Survey Controversy: Mayor Halts Drive for SOP

INDORE: A significant controversy arose over the Indore Municipal Corporation’s (IMC) ward-wise property tax survey late Saturday evening, leading to a standoff at the Bhanwarkuan police station and multiple FIRs. The situation prompted political intervention, with cabinet minister Kailash Vijayvargiya calling for an emergency meeting. The conflict began in Ward 74, where IMC mobilized staff from 22 zones for a property tax assessment. On Saturday, an altercation occurred between area revenue officer (ARO) Shailendra Singh and local politician Sunil Hardia (the husband of a corporator) along with his son. This led to a confrontation at the Bhanwarkuan police station. An…

Latest StoriesResidential

Thiruvananthapuram to Revive Poonkulam Housing After 17 Years

THIRUVANANTHAPURAM: The city corporation is set to revive its long-stalled housing project at Poonkulam under the Basic Services to the Urban Poor (BSUP) scheme. Initially launched in 2008, the project halted midway due to financial issues. The scheme aimed to build 120 houses across six blocks for underprivileged families but progressed only halfway, with just two floors completed. Managed by Nirmithi Kendra, the project had an estimated budget of Rs 2.96 crore in its inception, which ballooned to nearly Rs 9 crore over the years, with no further advancement. Now, it has been downsized to rehabilitate 32 families, and the…

IndustryLatest Stories

TRSCL to Hold E-Auction of Plots Starting October 28

Representative image HYDERABAD: The Telangana Rajiv Swagruha Corporation Limited (TRSCL) is set to hold an e-auction for open plots located in Kurmalguda, Thorrur, and Bahadurpally from October 28 to 30. The plots in Kurmalguda vary from 200 to 300 square yards, whereas those in Thorrur range from 200 to 500 square yards. The starting price is set at ₹20,000 per square yard for Kurmalguda and ₹25,000 for Thorrur. In Bahadurpally, the base price is ₹27,000 per square yard, while corner plots will start at ₹30,000 per square yard. The minimum bidding increment is ₹500 per square yard. The e-auction for…

IndustryLatest Stories

Goa Housing Board Approves Legal and IT Departments

PANAJI: The Goa state cabinet has recently approved the establishment of a legal and IT cell within the Goa Housing Board (GHB), which will add 11 new positions to the board. The GHB is a statutory entity created under the Goa, Daman and Diu Housing Board Act of 1968. Its primary goal is to provide affordable housing to the Goan population. In addition, the board implements commercial projects and allocates land to organizations, operating as a self-sustaining body without government grants or assistance. During its meeting, the board authorized the formation of both a legal cell and an IT cell.…

Latest StoriesResidential

Chandigarh to Use Unused CHB Land to Address Housing Shortage

CHANDIGARH: Chief Secretary H Rajesh Prasad stated on Friday that the Chandigarh Housing Board (CHB) will fully utilize vacant and unused land to address the housing needs of city residents. Prasad noted that development efforts will align with the Chandigarh Master Plan and the Supreme Court’s ruling on the city’s heritage. He addressed media at the new UT secretariat in Sector 9, outlining upcoming administrative initiatives. Earlier that day, he convened a meeting to evaluate the progress of key projects and reforms in government and aided colleges, along with higher and technical education institutions in Chandigarh. The Chief Secretary urged…

Latest StoriesResidential

Goa: Affordable Housing for Gaonkars on 20% Community Land

PANAJI: According to new rules announced by the government on Friday, comunidades can develop their land in partnership with developers, reserving 20% of this development for affordable housing specifically for gaonkars. The comunidades are required to invite bids from developers for land development in proportions determined by their managing committee. “The proportions decided by the comunidade’s managing committee will indicate the area of plots to be developed, including amenity plots which are part of the comunidade share. Of this, 20% must be allocated for affordable housing for gaonkars, after accounting for areas utilized for facility infrastructure. Post-development, the remaining plots…

Latest StoriesRegulatory

Bombay HC Denies Builder’s Request on Single Judge Hearing

PANAJI: The Bombay High Court has dismissed objections from a builder concerning a single judge’s hearing of a petition by green activist Avertino Miranda regarding unlawful construction in an open area in Porvorim. Miranda challenged the decision of Bardez’s town planner, who retracted its own show cause notices issued to the builder. The High Court affirmed that a single judge could review Miranda’s petition and extended the stay originally granted in December against any further development or construction of the commercial building. Miranda, the owner of a plot in Socorro, argued that the property was subdivided into smaller plots, designating…