Category: Latest Stories

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Latest StoriesRegulatory

ED Raid at Models Group; Members Granted Anticipatory Bail

PANAJI: The Merces court has granted interim anticipatory bail to Natalina Vaz and her children, Nathan and Danira Vaz, involved in a land-grabbing case under investigation by the ED. Senior advocate S. Kantak, alongside advocate P. Talaulikar, informed the court that the FIR was filed around 15 years ago, and at that time, the accused had no connections to the construction company nor were they named in the FIR. They argued that the matter is solely a civil dispute and highlighted that they fully cooperated by providing all requested documentation to the ED. The complaint alleges that in 2004, Fr.…

IndustryLatest Stories

Bengaluru: BDA, Forest Dept to Collaborate on Banashankari Land Dispute

BENGALURU: To address the ongoing dispute affecting numerous site owners in Banashankari 6th Stage, the BDA and the forest department will conduct a joint land survey in the coming weeks. This decision was made during a meeting held by the BDA on Wednesday, responding to persistent complaints from buyers and site allottees in this south Bengaluru layout. Officials determined that a new survey is essential since the previous one did not involve the forest department, resulting in conflicting claims regarding land extent and buffer zones. A survey conducted by the BDA in collaboration with the revenue department in September 2024…

Latest StoriesResidential

Police Request Tenant Info from Bengaluru Apartments

Representative AI image BENGALURU: On December 14, the Kumbalgodu Police issued a notice requiring apartment residents’ welfare associations to compile and submit comprehensive information about tenants and individuals associated with their buildings, including those from other states and foreign nationals. The notice emphasized the need for associations to provide details regarding security agencies, the security personnel employed, and housekeeping services along with any associated workers. Furthermore, the police requested historical data on apartment residents’ welfare associations, including any penalties imposed on tenants and the rules governing these charges. Several flat owners voiced concerns, stating that some tenants and flat owners…

Latest StoriesRegulatory

Ahmedabad Developers Allegedly Cheated 95 Buyers of ₹35 Crore

AHMEDABAD: On Wednesday, the Detection of Crime Branch (DCB) lodged a complaint involving significant fraud and breach of trust related to a housing project in Chharodi village. It is alleged that 95 buyers were swindled out of approximately ₹35 crore by the developers and their accomplices. The complainant claimed that the developers initiated the project without the necessary RERA registration or NA permissions, collected funds, and subsequently sold off the land. This complaint was filed on December 17 by a 35-year-old software engineer employed in GIFT City, who intended to purchase a 2BHK flat for his family near Vaishnodevi. According…

Latest StoriesResidential

Hubballi Smart City Homes Vacant as Families Await Keys

HUBBALLI: Homes constructed under the Smart City initiative for families displaced by the Vani Vilas Circle Road expansion in Hubballi have not yet been handed over by the Hubballi-Dharwad Municipal Corporation (HDMC). Built in 2022 at the Kallur layout, these houses remain unoccupied, despite being allotted in September. Officials have indicated that delays are due to unfinished electrical work, sanitation issues, and lack of essential facilities, leaving beneficiaries awaiting possession. MLA Mahesh Tenginkai allocated these houses to beneficiaries last September, with the HDMC promising the provision of basic amenities soon, but the tasks remain incomplete. According to sources, construction commenced…

Latest StoriesRegulatory

Court Denies ARC’s Request for DSK Property Auction

MUMBAI: A special Prevention of Money Laundering Act (PMLA) court has denied a request from Encore Asset Reconstruction Company Pvt Ltd (ARC), a secured creditor, to release and auction properties tied to the Deepak Sakharam Kulkarni (DSK) group case. The judge highlighted that the properties in question were not only seized by the Enforcement Directorate (ED) under the PMLA but were also under the state’s attachment pursuant to the Maharashtra Protection of Interest of Depositors (MPID) Act. Judge R B Rote remarked, “Considering the circumstances, the applicant cannot vacate the attachment on mortgaged properties nor proceed with the auction. This…

Latest StoriesResidential

Compound wall collapse forces evacuation of 192 Surat apartments

Representative AI image SURAT: On Wednesday, residents from 192 apartments in four towers of Shiv Residency were evacuated due to the collapse of a compound wall and part of the adjacent land into a deep foundation pit at Bhimrad. The incident occurred late Tuesday night when a cement concrete retaining wall of a construction site managed by the Raj Lakshmi Group failed. This caused the boundary wall of Shiv Residency to collapse, raising safety concerns for nearby buildings. After a preliminary investigation, the Surat Municipal Corporation (SMC) suspended the licenses of architect Suresh Maurya, structural engineer Jalil Shaikh, developer Tushar…

Latest StoriesRegulatory

AP HC requests government response on Vizag IT park land grant

VIJAYAWADA: The Andhra Pradesh High Court has instructed the state government to submit a counter affidavit detailing the applications received for land allotment intended for the development of an IT park in Visakhapatnam, along with the policy framework guiding such allotments. However, the court chose not to grant an injunction on the allotment process involving Raheja Corporation Limited. The order was issued in response to a Public Interest Litigation (PIL) filed by G Srinivasa Rao of the Society for Protection of Constitutional Rights, aiming to challenge the allotment of 27.1 acres at Madhurawada IT Hill-3 under the AP Land Incentive…

Latest StoriesRegulatory

SC Limits Activity on 100 Acres of Disputed Shamshabad Land

HYDERABAD: The Supreme Court has instructed private parties claiming a significant 100-acre disputed parcel in Shamshabad and Paigah village, allegedly owned by HMDA, to halt any construction or transfer of property until their appeal is resolved in the Telangana high court. The division bench, comprising Justices MM Sundresh and Satish Chandra Sharma, was reviewing a petition from Mohammad Taher Khan, who claims ownership of the land based on specific survey numbers. HMDA (formerly HUDA) argued it had acquired approximately 180 acres in the 1990s, and that when objections arose over the increased compensation amounts, the Supreme Court mandated an enhancement…

IndustryLatest Stories

Bengaluru body plans land auctions for ₹1,800 crore boost

Representative image created by AI The Bengaluru Development Authority (BDA) is set to generate up to ₹1,800 crore through the auction of prime urban land, enhancing efforts to monetize land assets and increase revenue. This initiative is anticipated to draw competitive bids from top real estate developers, especially amid ongoing land shortages and high demand in metropolitan areas. Part of the monetization strategy includes BDA’s planned e-auction for three substantial commercial land parcels in Konadasapura, located along the rapidly developing Whitefield–Hosakote Road corridor in east Bengaluru. The largest parcel covers over 52 acres (approximately 2.13 lakh sq. metres), with two…