Category: Latest Stories

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Latest StoriesRegulatory

Income Tax Raids Brigade Enterprises’ Offices

Brigade Enterprises’ shares dropped by as much as 2%, reaching a day low of Rs 868.10 on the BSE on December 15. This followed the announcement that the Income Tax Department had begun search operations at its registered office and other linked locations, which took place from December 9 to December 13. In an official exchange statement over the weekend, Brigade Enterprises confirmed that it and its officers have fully cooperated with the authorities, supplying all necessary information. The company emphasized that its business operations are running smoothly without any interruptions. Currently, the stock is trading at Rs 886, with…

IndustryLatest Stories

Residents allege builder is ignoring construction rules in Bengaluru

Representative AI image BENGALURU: Residents of a gated community on Gottigere Lake Road in south Bengaluru are expressing their outrage over the disruptions caused by the construction of a new residential project nearby. They reference a 2012 Karnataka High Court ruling that bans noisy construction work after 6 PM, claiming their repeated complaints have been disregarded. “Construction has persisted for nearly six months. Our apartment complex has four blocks, and Block D suffers the most. Many senior citizens live here, yet no action has been taken by the authorities despite our continuous complaints,” stated Srinath, a resident. In June, residents…

InfrastructureLatest Stories

Chandigarh Plans Optimal Land Use for Future Development

Representative AI image CHANDIGARH: With less than 10% of Chandigarh’s land reserved for future growth, the UT administration has initiated a thorough assessment to catalog every vacant and designated plot for residential, commercial, and institutional development. This initiative aims to maximize land utilization amidst increasing demands for sustainable urban expansion. Significant parcels of land available in the UT include roughly 500 acres in Phase III of the city that remain undeveloped. A substantial portion of this is designated for residential use by the Chandigarh Housing Board (CHB), while another portion is reserved for transit-oriented development (TOD). Additionally, both acquired and…

IndustryLatest Stories

Maharashtra CM Launches Nagpur Model for Ownership Rights Statewide

NAGPUR: Chief Minister Devendra Fadnavis announced on Saturday that the “Nagpur model” for granting ownership rights will be implemented across Maharashtra. This initiative aims to allow thousands of residents to live with dignity, shedding the stigma of being labeled “encroachers.” The announcement was made at a function in his Nagpur South-West assembly constituency, where ownership documents were distributed to beneficiaries. Fadnavis emphasized that this initiative responds to a long-standing demand from citizens who have been living in slums for decades. “For 30–40 years, slum residents have sought ownership documents, only to be ignored. Today, these documents do more than provide…

InfrastructureLatest Stories

Land Acquisition Issues Approaching Resolution in AP Capital Region

Representative AI image VIJAYAWADA: A three-member committee set up to tackle outstanding issues for farmers in the capital region announced on Saturday that land acquisition challenges are close to resolution, and infrastructure efforts in capital villages are set to accelerate. The committee includes Union Minister and Guntur MP Pemmasani Chandra Sekhar, Municipal Administration and Urban Development Minister P Narayana, and Tadikonda MLA Tenali Sravan Kumar. They also addressed the issue of pensions for the landless poor, assigning CRDA officials to review each application. Pemmasani stated that all pending concerns have been sorted into major and general categories, prioritizing based on…

IndustryLatest Stories

Ahmedabad builder invests ₹103.5 crore for FSI in Thaltej highrise

This week marked a significant step in the city’s vertical living initiative, with a builder paying Rs 103.50 crore to the AMC for additional FSI to develop a 38-storey residential project located near Gulmohar Party Plot on Hebatpur Road in Thaltej. This payment sets a new record for the highest chargeable FSI amount approved for a single project, indicating a rising demand for luxury high-rise housing. Civic officials attribute this increase to higher jantri rates and more flexible tall-building regulations. The town development department of AMC has recently approved the construction plans. Spanning an area of 9,958 sq meters, the…

Latest StoriesResidential

AAI Radar Relocation to Free Land for Affordable Housing in Dahisar

MUMBAI: The Airports Authority of India (AAI) will relocate its high-frequency radar from Dahisar to Gorai, freeing up hundreds of acres for affordable housing projects, announced Civil Aviation Minister K. Rammohan Naidu on Sunday. This decision follows a meeting involving the Civil Aviation Ministry, the Maharashtra government, and various stakeholders. During a virtual meeting, Naidu stated that the ministry will seek cabinet approval for the relocation to expedite the start of construction on these housing projects. Current radar installations in Dahisar and Juhu limit building heights. On Saturday, Maharashtra Chief Minister Devendra Fadnavis revealed in the legislative assembly that the…

InfrastructureLatest Stories

GRAP IV Fails as Gurugram Chokes on Dust from Violating Sites

Representative AI image GURUGRAM: Construction sites in the area have become dust bowls, severely affecting air quality. Residents struggle to breathe as pollution levels surge, prompting the implementation of stage 4 restrictions under the Graded Response Action Plan (GRAP) across Delhi-NCR. Many key areas in the city remain enveloped in a permanent haze due to continuous construction activities day and night. Despite the ban, numerous sites are flouting basic guidelines set by the Union Ministry of Environment, such as using green sheets to cover areas, watering down dust, and properly covering vehicles carrying construction and demolition (C&D) waste. Most construction…

IndustryLatest Stories

Noida Authority to Create Database of Illegal Buildings

NOIDA: The Noida Authority is creating an online database to record illegal constructions, providing current statuses, photographs, and authorized land uses. A second database will monitor demolitions, designating reclaimed land as owned by the Authority. This initiative aims to prevent fraud in land and property transactions. As of January 2024, Noida has reclaimed 2.3 million sqm of encroached land valued at over Rs 2,200 crore. Officials stated that identified land mafias will be publicly named, with action reports shared with the police commissioner for prompt enforcement. Warning boards are being placed on reclaimed plots, clearly indicating that the land belongs…

Latest StoriesResidential

Gurugram homebuyers protest delays, demand probe into issues

GURUGRAM: Hundreds of homebuyers associated with the Capital Gateway housing project in Sector 111, located along the Dwarka Expressway, staged a protest at the site on Sunday. They voiced concerns over significant delays, regulatory shortcomings, and inadequate oversight from authorities. The demonstrators, representing the Capital Gateway Home Buyers Welfare Association (CGHBWA), which comprises over 200 allottees, have called on the Haryana Real Estate Regulatory Authority (HRERA) to reassess the project approvals, conduct timely hearings, and enforce compliance with the Real Estate (Regulation and Development) Act. They vowed to maintain peaceful protests until they receive clarity on project completion timelines and…