Category: Latest Stories

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IndustryLatest Stories

Sobha’s Q3 FY26 Sales Bookings Surge 52% to ₹2,115 Crore

NEW DELHI: Sobha Ltd, a prominent real estate firm, has announced a remarkable 52% surge in sales bookings, totaling ₹2,115.2 crore for the third quarter of this fiscal year. This growth is attributed to increased volumes and favorable price realization, buoyed by strong housing demand. In comparison, the Bengaluru-based company recorded sales of ₹1,388.6 crore during the same period last year. “We have achieved a historic quarterly performance, with record real estate sales of ₹2,115 crore,” Sobha Ltd noted in its regulatory announcement on Saturday. In terms of physical sales, Sobha Ltd sold 1,370,340 sq ft from October to December,…

InfrastructureLatest Stories

CRDA Offices Established for Amaravati Land Pooling Phase II

Representative image VIJAYAWADA: The Capital Region Development Authority (CRDA) is moving forward with the second phase of land pooling in Amaravati. Unit offices are being established in the villages included in this phase, with activities now underway in seven of the nine offices. These villages are located in the Tulluru and Amaravati (old) mandals within the Guntur and Palnadu districts. Comprehensive reports detailing village-specific land information, farmers’ land ownership, crop patterns, and the profiles of landless laborers in the pooling area have been submitted to respective district collectors. Staff assigned to the unit offices are being trained to accurately record…

Latest StoriesRegulatory

Seven Landlords Charged for Breaking Tenant Verification Rules in Jammu

Representative AI image JAMMU: On Saturday, Jammu and Kashmir Police took action against seven landlords for allegedly allowing tenants to reside on their properties without proper police verification. This initiative has been intensified ahead of the Republic Day celebrations, according to police reports. Police Station Bahu Fort has filed five FIRs under Section 223 of the BNS against landlords for infringing upon the District Magistrate’s order by not ensuring that tenants undergo mandatory police verification. In addition, two more FIRs were documented at Police Station Channi Himmat regarding similar violations. These actions form part of a routine verification campaign aimed…

Latest StoriesRegulatory

SC Requests UP Government Files on Amrapali for Faster OC Approvals

Supreme Court of India NOIDA: The Supreme Court has directed the Uttar Pradesh government to provide documents related to the distribution of completion certificates (CCs) and occupancy certificates (OCs) for Amrapali Group housing developments. The court emphasized that the process should not be held up due to the absence of documents from the now-defunct developer. This order is part of ongoing efforts to address the longstanding case impacting thousands of homebuyers. A bench comprised of Justices Sanjay Kumar and Satish Chandra Sharma, during proceedings on December 11, instructed Noida Authority, Greater Noida Industrial Development Authority (GNIDA), and related agencies not…

Latest StoriesRegulatory

ED Seizes ₹100 Crore Assets of Amrapali Group

LUCKNOW: The Enforcement Directorate’s Lucknow zonal office has provisionally attached immovable assets valued at approximately ₹100 crore belonging to the Amrapali Group in relation to a money laundering investigation. The assets include the office and factory land and buildings connected to Mauria Udyog, a subsidiary of the Sureka Group founded by Navneet and Akhil Sureka of Amrapali Group. The investigation was prompted by multiple FIRs filed at various police stations in Gautam Budh Nagar, along with an order from the Supreme Court dated July 23, 2019, in the case of Bikram Chatterji & Others vs. Union of India & Others,…

Latest StoriesRegulatory

Common Area Changes Require Two-Thirds Resident Approval: WBREAT

KOLKATA: The West Bengal Real Estate Appellate Tribunal (WBREAT) has sided with homebuyers at ‘Atmosphere – the luxurious condominium’ located off EM Bypass. On Friday, the tribunal upheld RERA’s interim order preventing developers from ‘alienating, transferring, or dealing’ with any portion of the project or its common areas. Previously, 10 residents of the development accused the promoter of unilaterally altering plans without the required consent from 2/3 of the existing allottees. On February 25, 2025, the High Court allowed construction to continue based on the modified plans, contingent upon the results of arbitration proceedings brought by some allottees. In its…

Latest StoriesResidential

Delhi: DDA Unveils Phase Two of ‘Towering Heights’ Project

NEW DELHI: On Saturday, the Delhi Development Authority (DDA) launched the second phase of its housing initiative, ‘DDA Towering Heights,’ located in Karkardooma. Supervised by NBCC, this premium residential project features a 48-storey tower, reaching a height of 155 metres, making it the tallest residential building in Delhi. “The scheme includes 741 flats available for retail buyers on a First Come First Serve basis, along with 107 flats designated for bulk allocation to government bodies,” a DDA statement indicated. DDA officials announced that the registration for flats will commence on January 8 and conclude in March of this year. “A…

Latest StoriesRegulatory

Mangaluru Launches Ward Survey to Boost Property Tax Revenue

MANGALURU: In an effort to enhance revenue collection, the Mangaluru City Corporation (MCC) has initiated a ward-wise survey to accurately assess the number of properties and boost revenue further. MCC revenue officials have conducted multiple preparatory meetings to plan spot inspections for this survey. The first phase was inaugurated by MCC commissioner Ravichandra Naik in the Attavar ward on Friday. MCC’s deputy commissioner (revenue in-charge), Akshatha K, informed TOI that the city corporation currently oversees 222,256 properties spread across 60 wards within its jurisdiction. “We aim to obtain a comprehensive understanding of the actual number of properties in each ward,…

Latest StoriesRegulatory

Jaipur Civic Body Seizes Five Properties for UD Tax in Murlipura

JAIPUR: The Jaipur Municipal Corporation (JMC) has ramped up its efforts to recover outstanding urban development (UD) taxes, taking decisive action against defaulters in the Murlipura zone. On Friday, five properties were attached due to unpaid dues. Following this action, the property owners quickly paid approximately Rs 8 lakh through RTGS, cheques, and cash, making use of the state government’s current waiver on interest and penalties. Murlipura zone DC Pawan Kumar Sharma stated, “Property owners benefited from the state government’s waiver, which allowed them to clear their dues immediately. This approach promotes transparency and ensures prompt recovery, while emphasizing the…

InfrastructureLatest Stories

VMRDA to Create 25,000 Middle-Income Plots in Visakhapatnam

Representative AI image VISAKHAPATNAM: The VMRDA is set to develop approximately 25,000 plots for middle-income group layouts by 2026, as stated by Metropolitan Commissioner N Tej Bharath on Friday. “This year, we aim to accomplish 10 major objectives. These include finalizing a master plan that meets citizen needs, completing significant road projects on time, promoting transit-oriented development, and addressing long-standing land disputes,” he said. Further priorities involve laying the groundwork for essential projects within the next six to seven months, modernizing museums managed by VMRDA, building a semi-ring road from Bhogapuram to Rambilli, and identifying challenges in VMRDA’s constituencies,” added…