Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRegulatory

Nashik Collects ₹66 Crore in Property Tax in Four Months

NASHIK: The Nashik Municipal Corporation (NMC) successfully collected Rs 66 crore in property taxes from defaulters as part of its amnesty scheme during the September to December period of the current financial year. This brings the total property tax collection for the civic body to Rs 208 crore by the end of December 2025. An official reported that approximately 86,000 defaulters settled their dues, benefiting from rebates totaling Rs 22 crore. The scheme was launched for four months, offering penalty waivers between 85% and 95% for those who paid their outstanding amounts in full. Under standard regulations, the NMC imposes…

InfrastructureLatest Stories

Goa to Launch Land Survey 50 Years After Last One

PANAJI: Over 50 years after the state’s inaugural land survey in 1972, the government is set to initiate a new land survey this month aimed at updating land records and issuing urban property cards (UrPro) to landowners. The survey will begin in three municipal areas, including the Corporation of the City of Panaji (CCP), and the Margao and Cuncolim municipal councils. Unlike the first manual survey, this will utilize digital tools. The Goa (National Geospatial Knowledge Based) Land Survey of Urban Habitations Rules, 2025, has been established to facilitate this initiative. Under Secretary (Revenue-I) Vrushika Kauthankar stated, “When a land…

InfrastructureLatest Stories

500 Acres in Sector 11 Set for AI & Finance Hub by Yamuna Expressway

Representative AI image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has designated approximately 500 acres in Sector 11 for creating a specialized hub focused on artificial intelligence (AI) and financial services companies. Officials indicate that the acquisition of most of the land has been completed, and efforts will now shift towards attracting businesses to this sector. YEIDA intends to solicit expressions of interest (EOI) from companies looking to establish operations in this area. In addition to AI and financial services, the land will also cater to data centers, banking technology firms, stock market services, and financial software development companies.…

Latest StoriesRera

Karnataka RERA to Mandate Exact Parking Slot Details in Sale Agreements

BENGALURU: In response to homeowner complaints about vague and changing parking allocations, the Karnataka Real Estate Regulatory Authority (K-Rera) is moving to make it compulsory for builders to clearly outline the number, dimensions, type, and exact locations of parking spaces in both allotment letters and sale agreements. “We are currently finalizing these measures,” K-Rera chairman Rakesh Singh informed TOI. The authority is in discussions with Credai, the leading organization for private real-estate developers, and has consulted with representatives from major real-estate firms in the region. “Clearly identifying parking spaces in residential complexes ensures that buyers are well-informed about what they…

Latest StoriesRegulatory

Allahabad HC: No Tenancy Agreement Doesn’t Block Rent Authority

PRAYAGRAJ: In a landmark decision, the Allahabad High Court has determined that the lack of a written tenancy agreement or failure to provide tenancy details does not prevent the rent authority from exercising its jurisdiction. The court stated that, under the Uttar Pradesh Regulation of Urban Premises Tenancy Act, 2021, the rent authority is authorized to consider a landlord’s eviction application even if no written agreement exists and the landlord has not submitted tenancy details. Justice Rohit Ranjan Agarwal, delivering the judgment on December 16, remarked, “This provision leads to the conclusion that the jurisdiction of the rent authority under…

Latest StoriesRegulatory

Mumbai Court Rejects Slum Classification for Godrej Land

Representational image MUMBAI: In a significant ruling for one of India’s oldest industrial groups, the Bombay City Civil Court has annulled a long-standing government notification that categorized Godrej & Boyce’s manufacturing land in Vikhroli as a slum area. This judgment effectively concludes the legal challenge, safeguarding the private property from state acquisition under the Maharashtra Slum Areas Act. Judge A.K. Kale stated, “It is hereby declared that no valid declaration exists under Section 4(1) of the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act concerning the suit land. Defendant numbers 1 and 2 (additional collector and deputy collector ENC) are…

InfrastructureLatest Stories

Gujarat Plans Five Satellite Towns to Relieve City Pressure by 2030

Representative AI image AHMEDABAD: Gujarat is planning to establish five satellite towns with metro-like amenities and enhanced economic potential to alleviate pressure on major urban centers by 2030, officials announced on Friday. As per a government statement, the proposed satellite towns include Sanand near Ahmedabad, Savli (Vadodara), Kalol (Gandhinagar), Bardoli (Surat), and Hirasar (Rajkot). “The state government is currently seeking urban planners to create master plans for these towns and is in the process of appointing planners through a tender process. By 2030, we aim to equip these towns with metro-like facilities and enhance their economic capabilities, thereby reducing the…

Latest StoriesRegulatory

Mohali Targets Chronic Tax Defaulters with Sealing, Auctions

MOHALI: The municipal corporation has initiated a rigorous enforcement campaign targeting persistent property tax defaulters, emphasizing that further non-compliance will not be tolerated. This initiative specifically focuses on major commercial and industrial entities that have neglected to settle their financial obligations despite several notifications. MC Commissioner Parminder Pal Singh stated that sealing notices were dispatched under Section 138-C of the Punjab Municipal Corporation Act, 1976, to non-compliant properties. “A final grace period of three days was extended for clearing outstanding property tax. Should payment not be made during this window, the premises will be sealed without additional notification,” he warned.…

InfrastructureLatest Stories

Town Planning Cancels Zoning Proposal in Arambol

PANAJI: On Thursday, officials from the TCP department retracted their approval to alter the land use to settlement for two parcels in Arambol, Pernem, spanning approximately 300,000 sqm. Local residents had been protesting against these proposals for several months. Chief Town Planner (Planning), Vertika Dagur, issued the notification following TCP Minister Vishwajit Rane’s statement about the withdrawal. The TCP board noted that the decision to rescind was made on December 23. Initially, the department had agreed to rezone two survey numbers under Section 39A of the Goa TCP Act by amending the Regional Plan, 2021. The land parcels are owned…

InfrastructureLatest Stories

Six Illegal Colonies Demolished in Ambala Cantonment

AMBALA: In a significant enforcement initiative, the District Town Planner (DTP) team in Ambala conducted demolition activities targeting six illegal colonies across approximately 21.5 acres in Ambala Cantonment’s urban area. This operation is part of an ongoing crackdown on unauthorized land developments. As per official reports, demolitions were executed in village Chandpura, covering around 10.1 acres over two illegally developed colonies. In village Sareri, also under Ambala Cantonment, three illegal colonies covering about 10.2 acres were dismantled. Additionally, one illegal colony in village Ranwala, spanning nearly 1 acre, was also demolished. During the operation, the enforcement team completely removed the…