Category: Latest Stories

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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…

Latest StoriesRegulatory

Jan Vishwas Bill: Major Regulatory Changes for Assam’s Land Use

Representative AI image GUWAHATI: On Thursday, the Assam government introduced a bill to amend six state acts aimed at reducing regulatory compliance. The Assam Jan Vishwas (Amendment of Provisions) Bill, 2026, aligns with the Centre’s initiative to deregulate and lessen compliance burdens. The bill aims to eliminate outdated regulations and streamline approvals to enhance living conditions and ease of business. The proposed changes impact laws related to school and university education, urban and regional planning, fire and emergency services, land reclassification, and cinema regulation. According to the statement of objectives, the Centre aims to alleviate legal and procedural burdens on…

IndustryLatest Stories

Ahmedabad’s Civic Body Halts Temporary Plot Leasing

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has halted the temporary leasing of civic plots citywide due to allotment irregularities. The standing committee has instructed officials to create a new policy to oversee this process. The issue was addressed in a standing committee meeting on Thursday, which revealed that, over the last two years, deputy estate officers and deputy municipal commissioners from the corporation’s seven zonal offices had leased plots temporarily without the required committee approval. Civic officials noted that the current policy lacks clarity on the duration for temporary leases, allowing multiple plots to be leased repeatedly to the same…

Latest StoriesResidential

Ex-ASK Asset Director’s Family Buys 4 Mumbai Apartments for ₹179 Cr

Representative AI image MUMBAI: Family members of Bharat Shah, former whole-time director of ASK Asset & Wealth Management Group, have purchased four luxury apartments in Mumbai’s upscale Worli neighborhood for approximately ₹180 crore. The apartments are in the Kalpataru One residential project and were acquired directly from Kalpataru Properties by Preeti and Kinnari Bharat Shah. The transaction was registered on July 6 and involves four units located on the 34th and 35th habitable floors of Wing A, each valued at around ₹44.85 crore. The total RERA carpet area of the four apartments is 17,689 sq ft, and the deal includes…

Latest StoriesResidential

Goa to Provide Financial Aid for ST Home Regularization

PANAJI: The state government announced the Mukhya Mantri Janjatiya Mhaje Ghar Yojana on Thursday, providing financial support for purchasing or regularizing land or housing for members of the Scheduled Tribe (ST) community. Nilesh Dhaigodkar, the Director of Tribal Welfare, stated that the scheme aims to help eligible ST community members purchase or regularize housing with land, based on prices set by the relevant authorities. Under this initiative, the government will offer 100% financial support via reimbursement for properties acquired pre-1972, with a cap of Rs 1 lakh. For properties acquired post-1972, the reimbursement will be 50% of the purchase cost,…

Latest StoriesResidential

Gurugram: Imperia Esfera Residents Seek Structural Audit

GURUGRAM: A balcony section collapsed at a luxury apartment complex in Sector 37D on a rainy Thursday morning, according to police reports. Fortunately, there were no immediate injuries reported. The incident took place in Tower E of the Imperia Esfera Phase-2 complex, where residents heard a loud noise as part of the first-floor balcony fell. A resident noted that although people were walking underneath the balcony at the time, no one was struck by the debris, and there were no reported injuries. Authorities arrived promptly and cordoned off the area. An investigation has been initiated, and inspections are underway. This…

Latest StoriesRegulatory

Punjab & Haryana HC Halts New Allotments in Gurugram Project

NEW DELHI: The Punjab & Haryana High Court has issued an order preventing IREO Group entities and Oberoi Realty from making new allotments or establishing third-party rights in a residential project located in Gurugram until the Haryana Department of Town and Country Planning (DTCP) reviews a complaint submitted by Advance India Projects. The interim order, issued on July 7, 2026, relates to the ‘Three Sixty North’ project on Golf Course Extension Road in sector 58, Gurugram. In a regulatory announcement, Oberoi Realty stated that the court’s directive does not affect existing sales and does not halt construction work. The company…

IndustryLatest Stories

Amaravati Phase I on Track, Completion Expected Next Year: Minister

Representative AI image VIJAYAWADA: P Narayana, the Municipal Administration and Urban Development Minister, has confirmed that all projects in Amaravati are on track. He rejected opposition criticism regarding the capital city development, stating that comparisons between the costs of iconic structures and regular buildings were designed to mislead the public. During a review meeting on Wednesday, Narayana assessed the progress of Amaravati’s construction with representatives from contracting firms and senior officials. He expressed optimism that the first project phase would finalize on time. The discussion included updates on government buildings, road networks, and land pooling scheme layouts currently under development.…

InfrastructureLatest Stories

Chennai Body Engages Stakeholders for Third Master Plan

CHENNAI: The Greater Chennai Corporation (GCC) has proposed several strategies for climate-resilient planning, including waterbody protection, GIS monitoring, enhanced social infrastructure, and urban planning aligned with future water and sewerage networks. This comes as the Chennai Metropolitan Development Authority (CMDA) begins stakeholder discussions for its upcoming master plan for the Chennai Metropolitan Area (CMA). Stakeholders include GCC, Metrowater, police, and other agencies. “Draft proposals have been shared with various departments for validating data accuracy, evaluating future infrastructure needs, and providing feedback before finalizing the plan. These consultations aim to create a comprehensive blueprint for Chennai’s development until 2046,” stated a…

IndustryLatest Stories

Nagpur Civic Body Plans Property Tax Hike After ‘No New Tax’ Budget

Sure! Here’s a rewritten version of your content: NAGPUR: No new taxes or increases to existing taxes were proposed in the budget presented by the Nagpur Municipal Corporation standing committee on June 27. However, a suggestion to raise property tax by 10% is on the agenda for the committee’s first meeting post-budget, scheduled for July 10. The proposed increase aims to generate an additional ₹15.42 crore in revenue for the NMC. This proposal comes from the property tax department as part of the annual tax rate revisions. The decision now hinges on the approval of standing committee chairperson Shivani Dani.…