Category: Latest Stories

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InfrastructureLatest Stories

Protest by Slum Dwellers Against Eviction in Delhi-Gurugram

GURUGRAM: On Wednesday at approximately 11am, HSVP officials encountered significant resistance while attempting to remove illegal slums along the Old Delhi-Gurgaon Road in Sector 12A. Congress leaders Pankaj Dabar and Seema Pahuja arrived at the scene with party supporters, urging HSVP officials—including estate officer Rakesh Saini—to provide a 10-day extension for the residents. RS Bhatth, the district town planner (enforcement), was also present as the duty magistrate. Protesters, including slum dwellers and Congress workers, blocked roads with posters and yelled slogans against the government, demanding rehabilitation prior to any demolition. In response, a police force consisting of approximately 500 officers…

Latest StoriesRegulatory

SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…

Latest StoriesRegulatory

Bombay HC: 2019 GR Directory Redevelopment Guidelines Not Mandatory

MUMBAI: The Bombay High Court has dismissed a petition from a member of a Goregaon (W) housing society who contested the appointment of a builder for redevelopment without a tender process, as per a government resolution from July 2019. “This court has previously determined that the July 4, 2019 GR is not mandatory but rather directory in nature. The guidelines aim to ensure a fair and transparent redevelopment process. Thus, any deviation or procedural lapse does not automatically constitute an actionable wrong unless it violates the intent of the directives or a statutory requirement,” stated Justices Suman Shyam and Manjusha…

Latest StoriesRegulatory

Whistleblower Targets Gov’t Dept & Civic Body in HC Contempt Action

THANE: Architect Sandeep Patil, who previously exposed a significant fraud involving MahaRera certificates in Dombivli, has returned to court. Last November, his efforts led the Bombay High Court to order the demolition of 65 illegally constructed buildings that were built using forged permissions. Patil has now filed a petition for contempt proceedings against the Kalyan-Dombivli Municipal Corporation (KDMC) and the state urban development department (UDD), claiming they have willfully ignored the court’s directives. The court had mandated that the government integrate the building permission systems of all 554 local bodies in Maharashtra with the MahaRera website to prevent similar frauds.…

Latest StoriesResidential

TRU Realty to Invest ₹110 Crore in Mumbai Residential Project

NEW DELHI: TRU Realty is set to invest ₹110 crore in a new residential project named Spectrum Life in Santa Cruz, Mumbai. This project, located on a prime freehold site in Santa Cruz, is projected to yield over ₹200 crore in revenue by 2030. In collaboration with Shrem Group, the development will cover half an acre and include two towers with a total of 50 residential units. With prices starting from ₹2.92 crore, the project will feature 2, 3, and 4 BHK apartments, with possession anticipated by 2028. Published On Oct 9, 2025 at 09:05 AM IST Join the community…

IndustryLatest Stories

Ajmera Realty Q2 FY26 Sales Bookings Surge to ₹720 Crore

NEW DELHI: Ajmera Realty & Infra India Ltd has reported a substantial increase in sales bookings, nearly tripling to Rs 720 crore in the second quarter of this fiscal year, attributed to heightened demand for its housing projects. The company recorded sales bookings of Rs 254 crore during the same period last year. For the first half of the fiscal year, sales bookings grew by 48% to Rs 828 crore, compared to Rs 560 crore in the equivalent period of the previous financial year, as stated in a regulatory filing. Mumbai-based Ajmera Realty & Infra India is among the leading…

IndustryLatest Stories

Prestige Estates Q2 FY26 Sales Surge 50% to ₹6,017 Crore

NEW DELHI: Prestige Estates Projects Ltd reported a 50% increase in sales bookings, reaching ₹6,017.3 crore in the second quarter of this fiscal year, attributed to rising housing demand. In its regulatory filing, the company highlighted that robust demand across various markets and segments fueled this growth in sales bookings or pre-sales. Sales volume for the quarter totaled 4.42 million square feet, an increase of 47% year-on-year. During the July-September period, the company sold 2,069 units, with the average realization for apartments rising 8% year-on-year to ₹14,906 per square foot. Meanwhile, plots saw an impressive 43% increase in realization to…

InfrastructureLatest Stories

Rajasthan Government Justifies Merger of Jaipur Municipal Bodies

JAIPUR: On Monday, the state government defended its decision to merge the Jaipur Municipal Corporation (JMC) Heritage with JMC Greater during a hearing at the Rajasthan High Court. This move is being challenged by Congress city president RR Tiwari through a Public Interest Litigation (PIL), who argues that the merger is arbitrary and unconstitutional. The PIL contests the government’s notification from March 27, which initiated the re-merger of the two municipal corporations to their status from five years ago. Tiwari contends that this will undermine democratic representation in Jaipur by reducing the number of municipal wards from 250 to just…

InfrastructureLatest Stories

East Pune Residents Call for Improved Infrastructure

Representative Image PUNE: Residents from eastern Pune areas—Wadgaon Sheri, Wagholi, Lohegaon, and Dhanori—gathered outside the Pune Municipal Corporation (PMC) building on Tuesday to voice their demands for better infrastructure. They approached civic chief Naval Kishore Ram, highlighting years of inadequate facilities that have hindered their daily lives. The community requested a consistent water supply, completion of unfinished roads, enhancements to the drainage system, and improved healthcare services. They also called for the establishment of parks, installation of streetlights, and approval of local development plans. Frustration over civic negligence was palpable among the protesters. “We pay taxes like everyone else, yet…

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Sales Bookings Up 9% to ₹763 Crore

NEW DELHI: Keystone Realtors, a leading real estate firm, reported a 9% increase in sales bookings, totaling Rs 763 crore for the second quarter of this fiscal year. This growth is attributed to increased demand for its properties, compared to Rs 700 crore during the same period last year. The company noted, “Pre-sales reached Rs 763 crore in Q2 of FY26, compared to Rs 700 crore in Q2FY25, marking a 9% year-on-year growth,” as stated in a regulatory filing. For the first half of this fiscal year, sales bookings surged by 40% to Rs 1,831 crore, up from Rs 1,311…