Category: Latest Stories

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InfrastructureLatest Stories

Recycled C&D Waste Essential for Delhi Construction Projects

Representative AI image NEW DELHI: The Delhi government is set to mandate the use of recycled construction and demolition (C&D) waste in construction projects, as stated by Urban Development Minister Ashish Sood following a meeting with various departmental officials. Officials from the urban development department, DJB, PWD, DDA, NDMC, MCD, power discoms, and DPCC were present at the meeting. The Ministry of Environment, Forest and Climate Change has instructed local bodies and public sector agencies to utilize C&D waste in accordance with the Construction and Demolition Waste Management Rules, 2016. Minister Sood noted that the Ministry of Housing and Urban…

Latest StoriesRegulatory

Gurugram body cracks down on tax defaulters, seals properties

GURUGRAM: In a strengthened effort to address property tax defaulters, the MCG has sealed three properties located in Ambience Island. These properties have outstanding dues totaling Rs 3 crore. Despite numerous notifications and warnings, the owners have failed to clear the amounts owed. This operation was executed by Rajesh Yadav, the zonal taxation officer of zone 3. MCG Commissioner Pradeep Dahiya stated that the municipal body is engaged in an ongoing campaign against tax defaulters. “Property tax serves as the primary revenue for the corporation, funding various development projects in the city. Hence, we will take stringent measures against those…

InfrastructureLatest Stories

DTCP Cracks Down on Unauthorized Warehouses in Gurugram

GURUGRAM: The Department of Town and Country Planning (DTCP) has initiated consecutive demolition drives to tackle the issue of unauthorized constructions on the city outskirts, supported by a substantial police presence. In Bilaspur, two illegal warehouses spanning approximately 25,000 sq ft and a 200 m boundary wall were demolished. One day prior, enforcement teams dismantled two unauthorized colonies covering 7 acres in Farrukhnagar, destroying 14 structures, an under-construction house, and the entire road network. According to DTCP officials, these actions are part of an ongoing initiative to eliminate unauthorized colonies and warehouses placed on agricultural and revenue land, especially in…

Latest StoriesRegulatory

Telangana HC rebukes collector for delay in land report

HYDERABAD: The Telangana High Court expressed dissatisfaction with the Rangareddy district collector for failing to submit an affidavit after more than three months, stating that this reflected poorly on his diligence. “What is stopping you? You have not filed the report even after three months,” remarked the court. Justice EV Venugopal made these comments while addressing a petition and contempt case regarding alleged illegal constructions on government lands classified as prohibited in Nagaram village, Maheswaram mandal. The disputed lands are reportedly part of Bhoodan properties, with allegations that several current and retired IAS and IPS officers and their family members…

Latest StoriesRegulatory

ED files chargesheet against ex-VVCMC chief in building case

MUMBAI: The Enforcement Directorate (ED) has filed a chargesheet against former Vasai-Virar City Municipal Corporation (VVCM) chief Anil Pawar (IAS), town planning deputy director Y.S. Reddy, and 16 others over a money laundering case related to illegal building constructions. As part of the investigation, the ED has attached properties worth around ₹71 crore belonging to the accused and builders who constructed 41 illegal buildings in Vasai Virar, which are now set for demolition following a Bombay High Court ruling. In August, the ED arrested Pawar, Reddy, and two others; they are currently in custody. The ED collected statements from several…

IndustryLatest Stories

Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…

Latest StoriesResidential

Signature View Apartments asks 91 families to leave flats

NEW DELHI: The Resident Welfare Association (RWA) of Signature View Apartments in Mukherjee Nagar is urging the remaining 91 families to vacate their flats promptly to enable the demolition and reconstruction of the complex. According to RWA president Amrendra Kumar Rakesh, most residents have already moved out, and efforts are being made to clear the remaining units. “We are requesting the remaining residents to vacate their homes at the earliest possible to expedite the floor area ratio (FAR) clearance process,” Rakesh stated. Despite this, the RWA noted that some residents are hesitant to leave due to worries about the FAR…

IndustryLatest Stories

Amitabh Bachchan Acquires Three Land Parcels in Alibaug

Bollywood actor Amitabh Bachchan has recently purchased three adjacent parcels of land in Alibaug, a coastal town near Mumbai, to construct a luxurious villa known for its scenic sea views and celebrity ownership. The combined size of the parcels is a quarter of an acre, with the actor reportedly spending around Rs 10 crore on the acquisition, which was officially registered on Tuesday. The esteemed actor acquired the plots from HOABL Landbuild and paid a total stamp duty of approximately Rs 40 lakhs for the three distinct transactions, according to documents from the real estate analytics firm CRE Matrix. In…

CommercialLatest Stories

WeWork India Struggles on Trading Debut Amid Valuation Woes

BENGALURU: WeWork India Management shares made their trading debut on Friday, closing down 3% and valuing the co-working space provider at approximately 84.25 billion rupees (around $950 million). Investors expressed concerns regarding high valuations and governance issues. The shares opened just above the IPO offer price of 648 rupees before dipping as much as 5.2% to 614.25 rupees. The company, which licenses its brand from the now-bankrupt WeWork Global, raised approximately $338.16 million in its IPO, which was subscribed 1.15 times, largely driven by institutional interest. “Investors are uncomfortable with the valuation, and WeWork is feeling the pressure,” commented Aishvarya…

IndustryLatest Stories

Kolte-Patil Buys 7.5 Acres in Bhugaon, Pune

NEW DELHI: Pune’s Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon. The project boasts an estimated saleable area of 1.9 million sq ft, with a gross development value (GDV) of ₹1,400 crore. According to Rajesh Patil, the company’s managing director, “Our entry into Bhugaon aligns with our strategy of providing thoughtfully planned, value-driven developments, driven by increasing demand from improved infrastructure and heightened end-user interest.” Recently, the NCLT in Mumbai greenlit the amalgamation scheme between Kolte-Patil Developers and its wholly owned subsidiary, Kolte-Patil Integrated Townships. Published On Oct 10, 2025 at 12:00 PM IST Join a community of…