Category: Latest Stories

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Latest StoriesRegulatory

Karnataka HC: Building Plans Must Meet Norms for Approval

BENGALURU: The Karnataka High Court has determined that the regulations applicable to building plan approvals are those in effect at the time of sanction, not at the initial application submission. A single-judge bench, led by Justice Suraj Govindaraj, dismissed a writ petition filed by a property developer who contested the rejection of his building plan by municipal authorities. The developer asserted that his application should adhere to the norms that existed prior to subsequent amendments to the building by-laws. The court rejected this argument, clarifying that the mere act of applying does not confer any vested rights to the applicant.…

IndustryLatest Stories

Bengaluru Authority Creates Ward-Level Plan to Cut Emissions

Representative AI image BENGALURU: The Greater Bengaluru Authority’s Climate Action Cell (CAC) is developing a ward-level climate action plan for Bengaluru. As part of this initiative, 10 wards across five city corporations will be selected, and a specific ward climate action plan (WCAP) will be created for each. These plans will offer a comprehensive overview of current environmental conditions, primary challenges, potential solutions, and a prioritized list of actions to ensure effective execution. The CAC is forming a working group to spearhead this project. According to the recent stakeholder meeting, this group will provide technical and sectoral expertise, assist with…

IndustryLatest Stories

Ulhasnagar Civic Body Urges Citizens to Check Building Legality

ULHASNAGAR: To combat illegal constructions and safeguard homebuyers from fraud, the Ulhasnagar Municipal Corporation (UMC) is urging citizens to verify the legality of buildings before purchasing flats or commercial spaces. The UMC has stressed the importance of confirming whether a structure is authorized or unauthorized by consulting the Town Planning Department prior to finalizing property transactions. The appeal, signed by Additional Municipal Commissioner Dhiraj Chavan, highlights the ongoing issue of unauthorized constructions in Ulhasnagar, which negatively impacts the city’s reputation. Many developers construct and sell flats without the required permissions from the municipal body, often deceiving buyers. When the UMC…

IndustryLatest Stories

Tax and Stamp Cess for Bengaluru Business Corridor Costs

BENGALURU: The state government will impose a betterment tax and a 1% stamp duty cess on properties near the 117km-long Bengaluru Business Corridor (BBC) to recover project costs. The Bangalore Development Authority (BDA) will oversee the complete construction, with funds collected going towards repaying a Rs 27,000-crore loan from HUDCO. Documents from TOI indicate that the government expects the BBC to elevate land values in the vicinity, therefore, a 1,000-meter impact zone will be established for taxation purposes. “Given that the project’s influence will be more pronounced within the first 500 meters from the road, a betterment levy in accordance…

Housing FinanceLatest Stories

Can Fin Homes Q2 FY26 Net Profit Rises 18.89%

NEW DELHI: Can Fin Homes (CFHL) has announced an 18.89% increase in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 reached ₹251.42 crore, up from ₹211.48 crore for the same period last year, according to a BSE filing. The company reported a net consolidated total income of ₹1,049.45 crore for Q2 FY26, reflecting a growth of 9.01% from ₹962.69 crore in the corresponding quarter of the previous fiscal year. As of September 2025, the loan portfolio stood at ₹39,657 crore, compared to ₹36,591 crore in the same quarter last year,…

CommercialLatest Stories

Cochin Body Launches Land Pooling for Infopark Phase III

KOCHI: The Greater Cochin Development Authority (GCDA) launched a land pooling office for the Infopark Phase III campus on Friday, marking the commencement of the land pooling process. Industry Minister P Rajeeve inaugurated the office within the Infopark campus, which will oversee the pooling of approximately 500 acres in Kunnathunad for the planned AI-integrated township. “As GCDA advances with land acquisition, Infopark will focus on designing and developing the campus’s software,” revealed Infopark CEO Sushanth Kurunthil. “The main objective of this campus is to implement all essential services through artificial intelligence, relying on real-time data analysis,” he added. “Operations will…

InfrastructureLatest Stories

Maharashtra Approves Pune Civic Body’s Draft Plan for Merged Areas

PUNE: Nearly eight years after its declaration, the draft development plan for the merged areas under Pune Municipal Corporation (PMC) has been approved by the state government. The notification, published on Friday, invites public suggestions and objections for the next 60 days. Civic officials stated that under Section 23(1) of the Maharashtra Regional and Town Planning Act, 1966, PMC expressed its intention to prepare a draft development plan on June 28, 2018. The proposal to merge 34 villages was ratified by PMC in 2013-14, with eleven areas incorporated into its jurisdiction in 2017. Among these, nine were partially merged, while…

Latest StoriesRegulatory

Secunderabad Cantonment Board Raises Property Tax Over 100%

HYDERABAD: Property owners in the Secunderabad Cantonment Board (SCB) are facing more than a double increase in their property tax due to a recent revision that has raised the rates by over 100%. Typically, property tax adjustments are made by cantonment boards every three years. While some increase is common, residents are concerned that this latest adjustment is unprecedented. Previous hikes have rarely exceeded 30%, exacerbated by fears of losing their properties and tenants due to the anticipated road widening and elevated corridor project. “Notices about the tax increase started arriving three to four months ago, especially for properties along…

IndustryLatest Stories

Gumla Admin Settles 746 Land Disputes

GUMLA: In a heartwarming move ahead of Diwali, the administration in Gumla has addressed numerous land disputes during this week’s Anchal Diwas event, bringing joy to many underprivileged families. One member of the PVTG Birhor community, Magdali Birhor, expressed her relief as her decade-long family land dispute was finally resolved. A resident of the Birhor colony in Palkot block, she shared, “Several claims had been made on my land, including from my in-laws, creating years of struggle. Now, it’s resolved, and I’ve received official documentation proving my ownership.” Meanwhile, Pramila Nooram from Raidih block successfully secured a caste certificate that…

InfrastructureLatest Stories

West Bengal CM urges councillors to provide drainage for high-rises

KOLKATA: Chief Minister Mamata Banerjee called on Kolkata Municipal Corporation councillors to learn from the heavy rainfall on September 23, emphasizing the need for adequate drainage in high-rise buildings. The CM cautioned the councillors to heed recent experiences in both Kolkata and North Bengal. “The water accumulation in high-rises stems from improper dredging by builders. Many do not even provide the necessary documentation. High-rise complexes should have designated parking, but if there’s no drainage system, how can we manage the water? This calls for thorough inspections post-construction to ensure all facilities are in place,” the CM stated. Additionally, CM Banerjee…