Category: Latest Stories

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InfrastructureLatest Stories

Uttar Pradesh panel may reduce YEIDA to 300 villages

NOIDA: The Uttar Pradesh government has established a panel to assess the jurisdiction of YEIDA, which encompasses 1,149 villages from Gautam Budh Nagar to Agra, covering an area of 3.35 lakh hectares—almost three times the combined area of Noida and Greater Noida, which is 1.12 lakh hectares. The committee will consider reducing YEIDA’s scope to approximately 300 villages, aiming to balance long-term planning with immediate developmental requirements while ensuring that residents and investors in areas outside the approved master plans are not stuck awaiting necessary approvals or infrastructure. YEIDA CEO RK Singh commented that the panel’s goal is to create…

IndustryLatest Stories

Developers in Gurugram’s Matri Van Earn Green Credits for Trees

GURUGRAM: Developers planting trees in the Matri Van area can now earn green credits, announced Union Environment Minister Bhupender Yadav on Thursday. The Matri Van covers approximately 750 acres in the Aravali range. Initially launched as a “memory forest” for organizations and companies to plant saplings in honor of loved ones or under corporate social responsibility (CSR) initiatives, the project has transitioned from a symbolic effort to one where planted saplings can yield credits—akin to carbon credits—that can be sold or used against future environmental obligations. Yadav noted that plantations achieving 40% crown cover on degraded lands within five years…

InfrastructureLatest Stories

Punjab Advances Aerotropolis with Social Impact Assessment for 3,553 acres

MOHALI: The Aerotropolis project in Mohali is gaining new momentum as the Punjab government has announced a social impact assessment (SIA) for acquiring 3,553 acres of land in Blocks E to J. This township will extend the already-developed Aerocity near the Shaheed Bhagat Singh International Airport and is being facilitated by the Greater Mohali Area Development Authority (GMADA). The official notification from Vikas Garg, principal secretary of the housing and urban development department, mandates the SIA under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. This assessment will examine the social, cultural, and…

IndustryLatest Stories

Sambhajinagar Extends Property Tax Amnesty to October End

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October. Now, property owners can benefit from a 50% discount on penalty charges. Municipal Commissioner G. Shreekanth stated, “The initial response to the amnesty was tremendous, with many property owners settling their dues. This initiative significantly boosted revenue for the civic body. Given the demand to continue, we have decided to extend the scheme to the end of October.” The scheme, originally launched from July 15 to August 31 with a 95% penalty waiver, was first extended to September 17 with…

Latest StoriesResidential

Rajasthan Property Sales Dip in July-September 2025

JAIPUR: Following increases in the March and June quarters, real estate sales in Rajasthan experienced a decline in the September quarter, according to data from the Registration & Stamps Department. While industry representatives caution against reading too much into a single quarter’s performance, they express concern over a potential downward trend influenced by high US tariffs. The total value of property transactions rose from Rs 2,206 crore in the December 2024 quarter to Rs 2,330 crore and Rs 2,569 crore in the March and June quarters, respectively. However, the September quarter saw a slight decrease, totaling around Rs 2,553 crore.…

Latest StoriesRegulatory

Tax Dept Investigates ₹28,000 Crore Property Deals in Manesar

GURUGRAM: An I-T department survey has revealed considerable shortcomings in the documentation of property transaction records at Manesar tehsil, raising alarms over possible large-scale tax evasion. Over the last five years, property transactions worth approximately Rs 28,000 crore have been registered at this tehsil. However, it was found that the Permanent Account Number (PAN) of buyers and sellers, which is mandatory for transactions exceeding Rs 30 lakh, was absent from the records. The survey, conducted by a team of ten members over 24 hours, highlighted that the registration software at the tehsil failed to capture vital PAN details, despite regulations…

Latest StoriesRegulatory

ED Seizes Ansal Properties Valued at Over ₹10 Crore

CHANDIGARH: The Enforcement Directorate’s (ED) Gurugram Zonal Office announced on Wednesday the provisional attachment of six immovable properties associated with the Ansal family, valued at ₹10.55 crore, under the Prevention of Money Laundering Act (PMLA), 2002. These properties are reportedly owned by directors and beneficiary owners of M/s Ansal Properties and Infrastructure Ltd (APIL): Sushil Ansal, Pranav Ansal, and Kusum Ansal. The action follows the company’s failure to repay environmental compensation mandated by various environmental agencies due to violations of The Water (Prevention and Control of Pollution) Act, 1974, and The Air (Prevention and Control of Pollution) Act, 1981. The…

Latest StoriesRegulatory

Bombay HC: Mumbai’s prime land can’t be lost to slum scheme.

MUMBAI: The Bombay High Court, represented by Justices Girish Kulkarni and Aarti Sathe, stated on Wednesday that large public land cannot be unjustly claimed under the pretext of slum rehabilitation. Expressing concern over the state’s actions, the court issued an interim order emphasizing that a prime 33-acre public space in the Cuffe Parade/Colaba area—one and a half times the size of Oval Maidan—should remain accessible to the public rather than be handed over for private development, especially when the city is already facing a shortage of public parks and open spaces, a necessity under the Indian Constitution. The court asserted…

IndustryLatest Stories

New Ghaziabad Circle Rates Coming by Mid-October

GHAZIABAD: The revised circle rates for 2025-26 are expected to be approved next week. This follows the review of nearly 50 objections received from farmers in eight villages designated for the Harnandipuram township, up to Tuesday. The district administration had invited public objections for the proposed DM circle rates for the current financial year from September 16 to 30. “In Modinagar and nearby areas of Wave City, residents have requested a reduction in circle rates, while those in villages earmarked for Harnandipuram township have broadly sought an increase,” an official stated. Discussions on the objections will occur in the coming…

InfrastructureLatest Stories

HC Petitioned by Dwarka Expressway Residents for Connectivity

GURUGRAM: Residents in new sectors along the Dwarka Expressway have approached the Punjab and Haryana High Court, requesting intervention for the construction of 24-metre and 30-metre internal sector roads. According to residents, the absence of these roads obstructs access to homes, delays emergency services like ambulances and fire trucks, and poses dust and safety hazards in the area. This action follows repeated appeals to civic and planning authorities that resulted in minimal progress. The resident group, Dwarka Expressway Gurugram Development Association (DXP GDA), filed a writ petition through advocate Seema Nain, who stated that “judicial intervention is now the only…