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Latest StoriesRegulatory

Chennai: ₹2,000 Cr Housing Scam in Pallikaranai Ramsar Site

CHENNAI: The anti-corruption NGO Arappor Iyakkam has accused various state government departments of unlawfully granting clearance for a ₹2,000-crore housing project allegedly located within the ecologically sensitive Pallikaranai Ramsar wetland area in Perumbakkam. In a complaint to the Chief Minister, Chief Secretary, and DVAC, the NGO highlighted that the State Environment Impact Assessment Authority (SEIAA) and CMDA provided environmental clearance and construction approval for specific survey numbers—453, 495/2c, 496, 497, and 498—which fall within the marshland boundaries. Arappor claims to have submitted a 213-page supporting document as evidence. According to the Ramsar site map and influence outlines provided by CMDA,…

Latest StoriesResidential

Regularize Buildings Under Karnataka’s e-Swathu: Tax Since 2016

BENGALURU: Property owners wishing to regularise unauthorized properties under Karnataka’s e-Swathu scheme are required to pay property tax retrospectively, starting from either 2016 or the year they received an electricity connection, as per official guidance. The e-Swathu initiative aims to incorporate unauthorized properties into the tax system and improve transparency. Panchayats have been instructed to promptly assess and collect dues based on various slabs linked to the guidance value. The process is regulated by the Karnataka Gram Swaraj and Panchayat Raj (Gram Panchayat Tax, Rates and Fees) Rules, 2025, which were officially published last week. According to these rules, Gram…

IndustryLatest Stories

Protest for Oran Land Registration in Jaisalmer Concludes

JAISALMER: The 34-day protest advocating for the formal recognition of Oran-Gochar land concluded late Sunday night following successful discussions between the Oran representatives and the district administration. The negotiations took place at the Jaisalmer Collectorate, attended by local MLA Chhotusingh Bhati, Pokaran MLA Mahant Pratappuri, district collector Pratap Singh, and members of the Oran team. After thorough discussions, the administration consented to most demands, promising that the registration of Oran land in official records would be completed in three months. Pratap Singh highlighted that this initiative marks a historic change for the region. “The administration has submitted proposals to the…

Latest StoriesRegulatory

Telangana HC Warns Lawyers & Builders on Illegal Constructions

HYDERABAD: The Telangana High Court has raised concerns regarding the increasing trend of illegal construction and unauthorized collections, urging advocates to rethink their involvement in such cases, as this could undermine the state’s future. Justice B Vijaysen Reddy pointed out the potential long-lasting effects, warning that coming generations might hold the current officials responsible for these issues. He advised municipal authorities and lawyers representing builders involved in illegal activities to stay alert. The caution was issued during the hearing of a petition by farmer B Sanjeev Kumar, who claimed that government authorities had failed to act against illegal construction carried…

IndustryLatest Stories

Nagpur: Officials to Assess Laxmi Nagar Fire Damage

NAGPUR: Following a significant fire that destroyed the ground floor of a commercial-residential building containing Reliance Fresh Mart at Aath Rasta Chowk, Laxmi Nagar, senior officials from the Nagpur Municipal Corporation (NMC) visited the site on Wednesday to initiate an inquiry into potential unauthorized constructions and fire safety violations. Additional Commissioner Vaishnavi B and Deputy Commissioner Milind Meshram, who is also overseeing the Laxmi Nagar zone, assessed the damaged building and spoke with residents and firefighters. Their visit comes amid rising concerns regarding encroachments in the basement and parking area, where the fire reportedly began. According to sources, the building,…

IndustryLatest Stories

Mindspace REIT Plans 7-8 Million Sq Ft Expansion in 4 Years

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has shown remarkable operational performance with an occupancy rate nearing 94% as of the last quarter report. The REIT’s existing portfolio encompasses 30 million sq ft of completed space, alongside an additional 7-8 million sq ft currently under construction, expected to be finalized in the next two to four years, raising the total planned portfolio to around 38 million sq ft. The company maintains a steady loan-to-value (LTV) ratio between 25% and 26%, feeling secure up to 35% before considering capital expansion. Additionally, it has consistently secured a solid 20% re-leasing spread…

Latest StoriesRegulatory

Bombay HC Stops Flat Split, Backs Society’s Appeal

MUMBAI: The Bombay High Court has firmly opposed the conversion of a single housing unit into two apartments. On October 10, the court upheld a suburban society’s request to deny permission for structural modifications that would divide a flat into separate units. The interim order issued will remain effective until further directives are provided, ensuring the protection of the society’s rights until a final decision is made. The court noted that the society appears to have a compelling case for interim relief. Notices have been issued to the two residents of the flat, with the next hearing scheduled for November…

Latest StoriesResidential

DRA Homes Buys 4.38 Acres in Chennai for ₹50 Crore

Representative image NEW DELHI: DRA Homes, based in Chennai, has purchased 4.38 acres of land in Chembarambakkam along the Chennai–Bengaluru Highway for ₹50 crore (inclusive of stamp duty). Ranjeeth Rathod, the company’s managing director, stated, “Our Gold-rated Green building will integrate smart design, flexible living options, and community-focused amenities to create homes that meet the needs of India’s new generation of mobile professionals and families.” The residential project is set to include nearly one million square feet of mid-segment homes along with managed residential services for short-term stays, with an estimated sales potential of ₹650 crore. Published On Oct 22,…

Latest StoriesRegulatory

Bombay HC: Courts Can’t Make Banks Change Loan Terms or OTS

Here’s a rewritten version of the content you provided: NAGPUR: The Nagpur bench of the Bombay High Court has ruled that banks cannot be compelled to alter loan agreement terms or extend benefits of a One-Time Settlement (OTS) scheme to borrowers or guarantors. A division bench comprising Justices Anil Kilor and Rajnish Vyas stated, “Issuing a writ of mandamus under Article 226 of the Constitution would not serve justice by directing the bank to consider OTS benefits for the borrower or guarantor. We cannot order the bank to amend the terms of the agreement.” The ruling was made last Friday…

Latest StoriesRera

Odisha RERA to Hire Land Expert for Dispute Resolution

BHUBANESWAR: To enhance governance, the Odisha Real Estate Regulatory Authority (ORERA) has begun the search for a land expert to help address complex disputes. This initiative follows the recent implementation of a standard operating procedure (SOP) by the revenue and disaster management department for the registration of part plots across the state. ORERA is currently accepting applications from retired Odisha Administrative Service (OAS) officers, particularly those with at least eight years of experience as tehsildars, sub-collectors, or land acquisition officers. The selected consultant, who should be under 62 years old, will assist ORERA in reviewing land documents, assessing building and…