Category: Latest Stories

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Latest StoriesResidential

Redevelopment Starts After Seven Years at Four Bengaluru Sites

BENGALURU: After seven years of discussions, the Bangalore Development Authority (BDA) has finally commenced redevelopment work on four aging commercial complexes, including the well-known Indiranagar BDA complex. This initiative began with a tender issued in 2018, aimed at transforming underperforming public assets into modern commercial centers through a public-private partnership (PPP) model. The next focus area will be the Koramangala complex, with redevelopment efforts targeting facilities in Indiranagar, Koramangala, HSR Layout, RT Nagar, Sadashivanagar, Austin Town, and Vijayanagar. Demolition has already started at Indiranagar, RT Nagar, Sadashivanagar, and Vijayanagar. BDA officials have stated that redevelopment in Koramangala, Austin Town, and…

Latest StoriesRegulatory

Allahabad HC: YEIDA to pay penalty to 150 plot allottees

NOIDA: The Allahabad High Court’s Lucknow bench has resolved nearly 150 RERA appeals from the Yamuna Expressway Industrial Development Authority (YEIDA) concerning allottees from its inaugural residential plot scheme in 2009, which includes about 21,000 plots in Greater Noida’s Sectors 18 and 20. The court supported the allottees, mandating YEIDA to pay outstanding dues along with interest for delays, while denying the authority’s request for a refund of pre-deposited amounts. The original residential plot schemes were initiated adjacent to the Yamuna Expressway. However, allottees faced development delays due to farmers’ protests and legal disputes over land acquisition. Further delays arose…

IndustryLatest Stories

Rajasthan: RIICO Eases Land Norms, Risks Revenue Losses

Representative image created by AI JAIPUR: In a significant policy update, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has revised land use regulations for industrial zones, implementing major changes to the Disposal of Land Rules from 1979. The amendment, issued on Friday, enables the conversion of industrial plots into commercial, residential, institutional, and mixed-use categories, subject to new charges and procedures. The new framework facilitates the transition of one authorized land-use type to another, representing a notable change in the planning and utilization of industrial land. Under these updated guidelines, changing industrial plots to commercial use will incur…

Latest StoriesResidential

Delhi’s Lutyens’ Area May Receive ‘A+’ Property Zone Rating

NEW DELHI: The Delhi government is considering numerous recommendations for revising circle rates in the capital. Proposals include establishing a new A+ category for premium neighborhoods in Lutyens’ Delhi, reassessing farmhouse rates, conducting biennial reviews, enhancing data transparency, and forming a stakeholder committee. Officials stated that public feedback has been sought regarding the proposed revisions and is currently under review before finalizing the new rates. Circle rates, which serve as the minimum valuation for land and properties in residential, commercial, and industrial sectors, are often set below market rates. This discrepancy fosters cash transactions and results in revenue losses for…

Latest StoriesRegulatory

Orissa HC Rescinds Inquiry, Restores PMAY-G Benefits

CUTTACK: The Orissa High Court has overturned a government inquiry report that deemed several beneficiaries ineligible for the Pradhan Mantri Awas Yojana–Gramin (PMAY-G). The court ruled the inquiry did not adhere to established guidelines and was therefore invalid. Ten residents from Gopinathpur panchayat in Bhadrak district challenged the government’s decision to deny them PMAY-G benefits. An initial block-level inquiry identified 258 eligible beneficiaries, including the petitioners, with the gram sabha approving their names on January 30, 2023. Consequently, work orders were issued on June 19, 2023, and some beneficiaries received the first installment of ₹40,000. However, Malatilata Sahoo, a village…

IndustryLatest Stories

UP Govt Supports Noida Authority’s Plan to Cancel 29 Idle Plots

NOIDA: The Uttar Pradesh industrial development department has upheld the Noida Authority’s decision to revoke the land allotment of 29 industrial allottees due to failure to initiate construction, despite several extensions and relaxations from the state government. On October 23, additional chief secretary (industrial development) Alok Kumar dismissed a revision petition from Elevator IT Solutions Ltd, which contested the Noida cancellation order from July 10, 2023, deeming it arbitrary and inconsistent with lease terms. The dispute arose over a 4,130 sqm plot in Sector 62, originally allocated for IT/ITES activities in 2008. According to the lease deed executed on August…

Latest StoriesResidential

Nashik Sees 57% Surge in Properties in 10 Years

NASHIK: Over the last decade, the city’s property market has seen an impressive 57% growth in the number of registered properties. From 3.80 lakh properties in the financial year 2014-15, the count surged to 6 lakh by 2024-25, marking the addition of around 2.2 lakh new residential and commercial units, indicative of the city’s rapid growth and heightened demand for space. Fueling this trend are new developments as individuals seek homes for comfort and investment, often relocating to Nashik for better job and business prospects. The Nashik Municipal Corporation (NMC) highlighted these findings in its recent environmental status report, noting…

Latest StoriesRegulatory

FIRs Planned Against 214 in Gurugram for Illegal Housing & Eateries

GURUGRAM: In a strong move against illegal colonies, unauthorized dhabas, and warehouses, the district town planner has recommended filing 15 FIRs against 214 individuals. Of these, 11 FIRs are proposed against 208 landowners involved in illegal plotting of 23.55 acres, while four additional FIRs target six individuals for constructing unauthorized dhabas and warehouses in restricted areas, according to officials from the district town planning and enforcement (DTPE). The extensive violations are subject to the Haryana Development and Regulation of Urban Areas Act, 1975, and the Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Act, 1963. Amit Madholia, the…

IndustryLatest Stories

Pune: Cluster Redevelopment of Wadas Faces Policy and Resident Hurdles

Representative image PUNE: Nearly eight years after its proposal, progress on the cluster development initiative aimed at redeveloping aging wadas and deteriorating buildings in the city has been minimal, according to data from the Pune Municipal Corporation (PMC). The topic has resurfaced due to opposition from residents of Lokmanyanagar, a neighborhood with 52 housing societies and over 800 flats. Many buildings, built in the 1960s, are facing issues like cracked walls, irregular water supply, and inadequate drainage systems. Kasba Peth MLA Hemant Rasane commented, “Many properties are suffering due to a lack of response to cluster development. We should explore…

IndustryLatest Stories

Karnataka Sets Rules for Layout Approvals on Converted Land

BENGALURU: The Karnataka Department of Rural Development and Panchayat Raj has issued guidelines for the design approval process for layouts on converted lands within gram panchayat limits but outside designated planning areas. As stated, under Section 199(B) of the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Act, 2025, the appropriate authority—either the Gram Panchayat or a government-nominated authority—must secure prior approval from the competent planning authority with jurisdiction over the layout plan. This approval is essential prior to issuing a new ‘khata’ or Property Identification (PID) number for construction-related sites, the statement noted. Developers are mandated to submit an application…