Category: Latest Stories

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InfrastructureLatest Stories

Citizens Oppose Plan to Cut Bengaluru’s Lake Buffer Zone

BENGALURU: A local citizen group, Bengaluru Town Hall, has approached the Principal Secretary of the Urban Development Department (UDD) to voice their opposition against proposed amendments to buffer zone laws that could significantly diminish these areas. In their memorandum, the civic organization outlined serious concerns regarding the potential threats the new regulations pose to ecology, water security, biodiversity, food security, the environment, and the well-being of residents. Members of the group caution that the proposed bill represents a substantial threat to Bengaluru’s remaining green spaces, might lead to increased pollution in the city’s lakes, could endanger biodiversity, amplify the impacts…

Latest StoriesRegulatory

Nagpur Civic Body Auctions Properties to Recover Tax Dues

NAGPUR: In a significant move against property tax defaulters, the Nagpur Municipal Corporation (NMC) initiated property auctions and asset seizures in the Lakadganj and Laxmi Nagar zones to recover unpaid dues. In Lakadganj Zone (Ward 08), a public auction on Friday featured 19 properties in Mauja Pardi and Mauja Nagpur. During the event, five property owners settled their dues with a total of Rs10.45 lakh, while another five properties valued at Rs1.66 crore were successfully auctioned. Nine properties are still pending, and owners have until October 10, 2025, to make payments; otherwise, the NMC will auction them under the Maharashtra…

Latest StoriesRegulatory

Trichy Civic Body Increases Water, UGD Fees by Property Size

TRICHY: The Trichy corporation has updated its drinking water charges and underground drainage (UGD) user fees for households, now introducing costs based on the built-up area of residential properties. Monthly fees have risen by Rs20 to Rs40 per connection, causing concerns among residents who worry this might lead to increased monthly rents. Previously, the standard rate for drinking water was Rs180 per month per connection. With new byelaws approved by the Trichy corporation council, starting April 1, households can expect to pay between Rs180 and Rs360 monthly per connection (for up to 16 KL of water), depending on property size.…

Latest StoriesResidential

Housing Scheme Registration in Lucknow Starts Today

LUCKNOW: The Lucknow Development Authority (LDA) announced on Friday that online registration for flats under the Sardar Vallabh Bhai Patel and Atal Nagar housing schemes will begin on Saturday and continue until November 3. The Sardar Vallabh Bhai Patel Housing Scheme is built on land reclaimed from the late mafia don Mukhtar Ansari in Dalibagh, while the Atal Nagar Housing Scheme is located in Devpur Para. The Patel scheme features three G+3 blocks on approximately 2,314 sq.m. of land, offering 72 flats of 36.65 sq.m. each, priced at ₹10.70 lakh for economically weaker section (EWS) families. Conveniently located on 20-meter…

Latest StoriesResidential

Mumbai’s Property Registrations Up 20% This Navratri

MUMBAI: The Greater Mumbai area under BMC jurisdiction recorded 6,238 property registrations during the 10-day Navratri period (Sept 22–October 1, 2025), reflecting a 20% increase from 5,199 registrations in the same timeframe last year. This boost also contributed to a 17% year-on-year rise in state revenue collections, reaching Rs 587 crore during the festive season. The average daily registrations improved from 578 units in Navratri 2024 to 624 units in 2025, as per data provided by Knight Frank India. According to the global property consultant, September 2025 saw a total of 12,070 registrations, making it the best September for the…

CommercialLatest Stories

Bids for IT Park 4 in Indore Opening This Month

INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is set to invite bids from technology firms in October for space in the much-anticipated IT Park 4. The industries department aims to draw investment from electronics system design and manufacturing (ESDM) companies, data centers, testing labs, and IT offices. MPIDC executive director Himanshu Prajapati stated, “About 70,000 square feet of office space will be available for lease, with a duration of approximately 30 years. This park is designed to enhance the technological landscape in the region and attract investments across various sectors.” Officials confirmed that the formalities for inviting bids are…

InfrastructureLatest Stories

Hyderabad’s Lakes Shrunk by 500% in 20 Years of Real Estate

Representative AI image HYDERABAD: A recent study reveals that Hyderabad has seen its water bodies shrink by nearly 500% from 2000 to 2020, decreasing from 12,535 hectares to just 2,280 hectares. This significant reduction has had a detrimental effect on the city’s natural water network. Concurrently, built-up areas have doubled from approximately 38,863 hectares to 80,111 hectares. Consequently, water levels in major lakes like Osmansagar, Himayatsagar, and Durgam Cheruvu have plummeted, pushing the city towards a critical water scarcity. M. Kamraju, a former research scholar from the Center for Economic and Studies, stated, “These water bodies—crucial for groundwater recharge and…

Latest StoriesRegulatory

Income Tax Dept. Imposes ₹23 Crore Fine on Adani’s ACC

NEW DELHI: The Income Tax (I-T) department has issued two penalties to ACC Ltd, totaling Rs 23.07 crore, which the Adani Group company plans to challenge in appellate authorities. The I-T department has imposed a fine of Rs 14.22 crore for allegedly providing inaccurate income details for the Assessment Year 2015-16. Additionally, a penalty of Rs 8.85 crore has been levied for under-reporting income for the Assessment Year 2018-19. “The company will contest both orders by appealing to the Commissioner of Income Tax (Appeals) within the designated timelines and will concurrently seek a stay on the penalties,” ACC stated in…

Latest StoriesRera

Uttar Pradesh RERA Files FIR Against A.S.G.I. Properties

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has filed a first information report (FIR) against A.S.G.I. Properties at the Greater Noida Police Commissionerate, following serious fraud and forgery allegations. The case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS) law, specifically sections 318(4), 338, and 336(3). Complaints received by UP-RERA indicate that the promoter misled allottees and banks regarding the Apple Tower S-2A & S-2B project by submitting a fraudulent order to secure loans. Investigations revealed that no such order was ever issued by UP-RERA. Although a meeting was held on February 24,…

Latest StoriesRegulatory

Thane Bribery Case: Third Accused Surrenders to ACB

THANE: An individual involved in the Thane Municipal Corporation bribery case surrendered to the Maharashtra Anti Corruption Bureau on Friday. Following this, a local court has placed him in police custody until October 6, according to an official. The accused has been identified as Sushant Surve. During a raid at the civic headquarters on October 1, Deputy Municipal Commissioner Shankar Patole and a private individual named Omkar Gaikar were arrested by the Anti-Corruption Bureau (ACB). A real estate developer, Abhijit Kadam, who has development rights for a plot in Vishnu Nagar, Naupada, reported to the Mumbai ACB that Patole allegedly…