Category: Latest Stories

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Latest StoriesRegulatory

I-T Department Seizes 282 Acres in ₹2,000 Crore Land Case

HYDERABAD: The Income Tax Department’s Benami Prohibition Unit (BPU) in Hyderabad has issued 17 provisional attachment orders related to a 282-acre land parcel in Koheda and Omer Khan Daira villages, near Abdullapurmet, valuing the properties at ₹2,002 crore. These land transactions were preliminarily identified as benami, with Incor Realty Projects acting as the benamidar and former Sanghi Industries Ltd promoter, Ravi Sanghi, along with his family, named as the beneficial owners. According to the orders, the land originally belonged to the now-defunct Sanghi Industries Ltd (SIL) and was sold through a structured arrangement involving Incor Realty and Venkateshwara Realty. The…

Latest StoriesRera

Haryana RERA Orders Splendor Buildwell to Clear Investor Dues in 90 Days

**GURUGRAM:** The Haryana Real Estate Regulatory Authority (H-RERA) has instructed the developer of Spectrum One in Sector 58 to address outstanding assured returns and finalize property titles for investors Tripti Vohra and Amit Vohra. The directive mandates that pending dues be released within 90 days, along with interest. In a comprehensive order delivered on Dec 18, following a review that began on Nov 27, member Phool Singh Saini consolidated three complaints from the Vohra couple against Splendor Buildwell, citing delays in possession, cessation of assured returns, and non-execution of sales agreements. The nearly seven-acre project has been registered with RERA…

Latest StoriesRegulatory

Delhi Police nab five in ₹12 crore luxury fraud in Gurugram

NEW DELHI: The Delhi Police have arrested five individuals for allegedly defrauding a man of Rs 12 crore by selling a nonexistent luxury property at DLF Camellias in Gurugram, officials reported on Sunday. The police indicated that the arrests have unveiled an organized fraud scheme that utilized forged bank auction documents to deceive victims. In a statement, they confirmed that the Crime Branch dismantled the scheme after filing an FIR under multiple charges, including cheating, forgery, and criminal conspiracy, in accordance with the Bharatiya Nyaya Sanhita. “The syndicate is believed to have defrauded victims of over Rs 200 crore across…

IndustryLatest Stories

Delhi’s Baansera Cafe Among 150 Plots Up for E-Auction

NEW DELHI: The Delhi Development Authority (DDA) plans to auction over 150 sites and plots at the end of next month, as part of its efforts to enhance revenue by monetizing vacant lands and assets. The available properties will include residential, industrial, institutional, and group housing projects, as well as commercial spaces, kiosks, and food courts, featuring a café at Baansera. The significant e-auction scheme, introduced on the DDA’s foundation day, will begin registrations on December 30 for plots situated in prime locations. Officials indicate that these sites are categorized under 11 groups and comprise both reclaimed and newly identified…

Latest StoriesRera

MahaRERA’s Recovery Slow; Only 33% of ₹792 Crore Collected

PUNE: Recovery warrants issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA) are being executed slowly across the state, with only one-third of the total amount owed to homebuyers being recovered to date. Recent official data indicates that out of Rs 791.55 crore due across 1,287 complaints, only Rs 262.68 crore has been recovered (approximately 33%). According to district-level data from MahaRERA, Mumbai suburban tops the list with Rs 351.75 crore due but has collected merely Rs 109.71 crore, with 479 complaints recorded. Mumbai city ranks second, recovering Rs 53.11 crore against Rs 104.14 crore from 47 complaints. Pune, also…

Latest StoriesResidential

Union Minister Launches Smart City Housing Project

PUDUCHERRY: Union Minister of State for Home Affairs, Nityanand Rai, inaugurated a multi-storied tenement under the Puducherry Smart City Mission on Saturday. Located in Chinnayapuram hamlet, these tenements provide affordable housing for the economically disadvantaged. The initiative benefited 220 sanitary workers who previously resided in deteriorated buildings, according to an official release. The event was attended by Lt Governor K Kailashnathan, Chief Minister N Rangasamy, PWD Minister K Lakshminarayanan, Puducherry Assembly Speaker R Selvam, Home Minister A Namassivayam, and BJP local president V P Ramalingam. The tenements consist of six blocks, equipped with essential infrastructure including internal roads, drinking water…

Latest StoriesResidential

Odisha Minister Delivers PMAY-U Work Orders in Sambalpur

SAMBALPUR: On Friday, Union Education Minister Dharmendra Pradhan issued work orders under the Pradhan Mantri Awas Yojana (Urban) and distributed welfare scheme benefits at an event in Sambalpur district. He announced that 855 urban poor families would receive work orders totaling Rs 2.5 lakh each under PMAY (Urban) to build safe and quality homes, marking a significant step towards inclusive urban development. During the event at Gangadhar Meher University auditorium, benefits of the Madhu Babu Pension Yojana were also distributed. Attendees included Rural Development, Panchayati Raj, and Drinking Water Minister Rabi Narayan Naik, Sambalpur MLA Jayanarayan Mishra, District Collector Siddheshwar…

Latest StoriesResidential

2025 Housing Sales Dip 14%, Values Up 6%: Anarock Report

NEW DELHI: Housing sales in India’s top seven cities fell by 14% year-on-year in 2025, totaling approximately 396,000 units. This decline has been attributed to rising prices, economic uncertainty, and layoffs in the IT sector, as per Anarock Research. Nevertheless, the total sales value of homes increased by 6% to over ₹6 lakh crore, indicating ongoing demand for higher-end properties. In comparison, around 460,000 units valued at nearly ₹5.68 lakh crore were sold in 2024. The Mumbai Metropolitan Region (MMR) led sales with approximately 128,000 units in 2025, despite an 18% decline from the previous year. Pune followed closely with…

InfrastructureLatest Stories

Illegal Constructions Removed in Hawa Mahal-Amber Area

JAIPUR: The Jaipur Municipal Corporation (JMC) conducted a demolition drive on Friday targeting illegal and unauthorized constructions on government land within the Hawa Mahal-Amber zone. This operation was spearheaded by Deputy Vigilance Officer Pushpendra Singh Rathore, supported by teams from the vigilance and building encroachment departments, alongside assistance from Jaishinghpura Khor police. Zonal Deputy Commissioner Seema Chaudhary confirmed that the action addressed encroachments on Khasra number 314/1 in Kalalon Ki Dhani, Jaishinghpura Khor, where nearly 4 bighas of JMC land had been illegally occupied. The zone office had previously received multiple complaints regarding the encroachment. Following the complaints, a demarcation…

CommercialLatest Stories

Noida Metro Rail Corp. Offers Commercial Space at 3 Stations

Representative AI image NOIDA: The Noida Metro Rail Corporation (NMRC) is leasing commercial spaces at Sector 81, Sector 83, and Depot metro stations along the Aqua Line. At Sector 81, NMRC is offering four commercial spaces: two on the ground floor (26 sqm and 172 sqm), one on the first/concourse level (315 sqm), and another on concourse level 2 (232 sqm). At Sector 83, a 226 sqm space is available on the upper ground floor, while at Depot metro station, there’s a 106 sqm area on the first/concourse level. As per NMRC officials, the successful bidder will be allowed to…