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Latest StoriesResidential

Gurugram: Homebuyers protest as MRG Meridian flats remain undelivered

GURUGRAM: Homebuyers of the MRG Meridian project in Sector 89 held a protest, demanding timely possession of their long-delayed flats. The allottees, who participated in a draw on February 18, 2019, reported that the project received environmental clearance in October 2019 and was originally promised for possession by September 2023. Despite numerous follow-ups, the builder has not delivered the homes, resulting in a two-year delay. Protesters expressed that the builder’s recent assertion of having applied for an occupation certificate (OC) offers little comfort as families struggle with financial strain from the extended wait. “The builder’s claim of applying for an…

InfrastructureLatest Stories

Maharashtra to Issue 98-Year Lease Tenders for ST Bus Depots

NEW DELHI: Pratap Sarnaik, Maharashtra’s Minister of Transport, announced that the state government will open tenders for the long-term lease development of bus depots, extending the lease duration to 98 years from the previous 30 years. Sarnaik noted that the Maharashtra State Road Transport Corporation (MSRTC) possesses over 13,000 acres of land in areas such as Kurla and Borivali, among other towns in the state. “To facilitate the development of these lands and bus depots, the government has decided to offer a 98-year long-term lease. These ST Bus Depots will be transformed into Bus Ports, similar to those developed in…

Latest StoriesRegulatory

ED Seizes ₹153 Crore in Universal Buildwell PMLA Case

CHANDIGARH: The Gurugram zonal office of the Directorate of Enforcement (ED) has provisionally attached properties valued at Rs 153.16 crore, belonging to the former promoters of M/s Universal Buildwell Private Limited and its affiliated entities, alongside their key associates. The attached assets encompass 29.45 acres in Behror, Rajasthan, several units at Universal Trade Tower, Sector 49, Gurugram, and a fixed deposit of Rs 3.16 crore, as per provisional attachment orders issued by adjudicating authorities last week. The ED also filed a chargesheet against the accused during this timeframe. The investigation was prompted by over 30 FIRs filed under various Indian…

Latest StoriesResidential

Mumbai: FIR Filed Against Shaad Realty Over 11 Years of Rent Issues

MUMBAI: Shakir Shah and his wife, Fatema Shah, have been caught in a state of uncertainty for over a decade. Redevelopment of their Mhada building in Mazgaon began in 2014, and while the project was completed over a year ago, the family has yet to receive transit rent. Moreover, they have not been given possession of the four flats valued around Rs 7 crore that were allocated to them. Allegedly, the developer, who took over after two prior companies exited the project, sold the flats to third parties. Based on Mhada’s complaint, the Byculla police have filed an FIR against…

InfrastructureLatest Stories

Thane Demolishes 198 of 264 Illegal Structures in Action

THANE: Since June, the Thane Municipal Corporation has demolished 198 unauthorized constructions as part of an ongoing crackdown, an official reported on Sunday. Additionally, unauthorized extensions in 66 other properties have been removed. Following orders from the High Court and inspections by beat inspectors and Special Vigilance Teams in Diva and Mumbra, the Anti-Encroachment Team has addressed a total of 264 unauthorized constructions to date, according to a TMC release. Municipal Commissioner Saurabh Rao reviewed campaign progress on Saturday. “All systems must remain vigilant to prevent unauthorized construction. Cases should be promptly registered under MRTP upon completing the legal procedures.…

Latest StoriesRegulatory

Mumbai SIT Arrests 11th Suspect in Land Forgery Case

MUMBAI: The Special Investigation Team (SIT) of Mumbai’s crime branch is investigating a land scam involving extensive tampering with property records to convert Coastal Regulation Zone (CRZ) and No Development Zone (NDZ) lands into developable plots along the coastline. Mohammed Vasi Akhtar Shaikh (38) has been arrested as the 11th accused, accused of manipulating city survey maps and bribing government officials. Shaikh allegedly received payments from landowners seeking to lift the NDZ designation from their properties to facilitate illegal construction. Investigations revealed that he bribed officials from the BMC’s P-North ward. In one instance, he allegedly paid Rs 6 lakh…

IndustryLatest Stories

Nashik: Land Records Dept. to Hold ‘Bhumi Adalat’

NASHIK: The land records department will hold a ‘Bhumi Adalat’ on October 1 at the division level to resolve land disputes between complainants and respondents amicably. Mahesh Ingale, deputy director of the Nashik division’s land records department, stated that many people face issues related to mutation entries in land records and land measurements. “Over 350 cases have reached my office as the appellate authority, following challenges to earlier decisions from respective authorities. In most instances, the solutions are apparent, but the parties involved may not be aware,” he stated. Ingale emphasized that his team is working to counsel both parties…

Latest StoriesResidential

200+ M3M Golf Estate Residents Protest Builder in Gurugram

GURUGRAM: Over 200 residents of M3M Golf Estate in Sector 65, together with the Golf Estate Action Group (GEAG), staged a protest march on Sunday, accusing the developer of making “unilateral decisions” without including homeowners in key discussions. A primary concern was the non-disclosure and alleged misuse of the interest-free maintenance security (IFMS) fund, estimated at over Rs 100 crore. Residents claimed that proper accounting has not been provided despite repeated inquiries. Additional issues included unexpected increases in common area maintenance (CAM) and electricity (CAE) charges. The silent march commenced at 10 AM from Elevate Club, with residents carrying placards…

InfrastructureLatest Stories

Pune: Undri Blaze Fire Safety System Audit & Maintenance

PUNE: Chief Fire Officer of Pune Municipal Corporation, Devendra Potphode, announced an investigation into the failure of firefighting equipment in the Undri high-rise, following a tragic incident that resulted in a teenager’s death and injuries to eight others during a fire. Potphode emphasized that society managements are required to conduct fire safety audits with licensed agencies at least twice a year. If they fail to do so, they bear the responsibility for any accidents. “As stipulated in Section 3 of the Fire Act, it is the owner’s or occupier’s duty to ensure the firefighting system is operational 24/7. Residents should…

IndustryLatest Stories

Sunteck Realty to unveil ₹20,000 crore luxury homes in Mumbai, Dubai

Representative image NEW DELHI: Sunteck Realty Ltd is venturing into the ultra-luxury housing market to address increasing demand. The company plans to unveil two new projects in Mumbai and Dubai by June next year, aiming for an estimated revenue of ₹20,000 crore. Sunteck Realty will launch these ultra-luxury residences under its exclusive brand ‘Emaance’, a blend of ‘Immense’ and ‘Indulgence’. “We are entering the ultra-luxury residential segment under Emaance, with costs starting at ₹100 crore per apartment,” said Kamal Khetan, CMD of Sunteck Realty, in an interview with PTI. The price of some units could reach as high as ₹500…