Category: Latest Stories

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InfrastructureLatest Stories

TCP Reclassifies 1 Lakh Sq Meters of Land from Green to Settlement

Representative AI image PANAJI: The Town and Country Planning (TCP) department has approved a new set of zone change proposals across Goa, permitting the transformation of extensive areas of orchards, arable land, natural cover, and even regions on no-development slopes into settlement zones, as per Section 39A of the Town and Country Planning Act. These approvals, issued through two separate notifications, affect over 98,058 sqm of green space across various villages in Pernem, Bardez, Tiswadi, and other areas. The TCP received applications from individual applicants and major developers including Sky Sun Real Estate LLP, Gangareddy Infra, Dempo Properties, Adwalpalkar Construction,…

IndustryLatest Stories

Lucknow: New Commercial, Residential Plots in Basantkunj Scheme

LUCKNOW: The Lucknow Development Authority (LDA) is set to establish new commercial and residential plots as part of the Basantkunj scheme, targeting unplanned and vacant land located near green belts and residential zones. During an inspection of the Basantkunj project, Vice-chairman Prathmesh Kumar emphasized the need to accelerate ongoing development and beautification efforts. When examining Sector-I near Mango Park, authorities discovered illegal constructions on land (khasra number 591) in violation of enforcement regulations. The VC has ordered the suspension of the assistant engineer responsible for this oversight. Moreover, two supervisors, Jagrup Yadav and Suraj Kumar, were suspended for their negligence…

CommercialLatest Stories

Maharashtra to open 16-acre Worli Dairy land for commerce

Representative AI image The Maharashtra government plans to transform the sea-facing Worli Dairy land, approximately 16 acres in central Mumbai, into a commercial zone, changing its previous designation as a site for a marine research institute, aquarium, and exhibition center. The Urban Development Department has issued a notification under Section 37(1AA) of the Maharashtra Regional & Town Planning Act, 1966, inviting public objections and suggestions within a month. The Worli division plot was initially marked as ‘dairy’ in the Development Plan 2034 and zoned for residential use. In 2021, the government updated its designation to include ‘marine research institute, aquarium,…

Latest StoriesRegulatory

SC Finds Tenant in Contempt, Imprisons for Not Vacating

NEW DELHI: On Friday, the Supreme Court found two individuals guilty of contempt for willfully disobeying its order to vacate their rental property in Saharanpur, Uttar Pradesh. The court imposed civil imprisonment on one of the individuals. A bench led by Justices J K Maheshwari and Vijay Bishnoi sentenced the contemnor to three months of civil imprisonment, directing authorities to detain him and transfer him to Tihar Jail. This case arose from an Uttar Pradesh High Court ruling that upheld a directive from the Rent Control Authority for the eviction of the tenants involved. The contemnor was also ordered to…

Latest StoriesResidential

Ludhiana Suvidha Kendras Open on Weekends for Property Tax

LUDHIANA: The MC Suvidha Kendras will be open during regular hours on Saturday, September 27, and Sunday, September 28, to assist residents in claiming a 10% rebate on property tax for the current financial year. This 10% rebate on property tax payments for the fiscal year 2025-26 can be availed until September 30. No penalties will be applied for tax payments made between October 1 and December 31. However, a 10% penalty will be assessed for payments made from January 1 to March 31. If property tax is not paid by March 31, a penalty of 20% will be imposed.…

Latest StoriesRegulatory

Delhi extends property tax amnesty scheme by 3 months with fees

NEW DELHI: The MCD has announced a three-month extension for its Sumpattikar Niptaan Yojana (SUNIYO) 2025-26, now valid until December 31, officials reported on Friday. This one-time property tax amnesty scheme was originally set to expire on September 30. While the terms and conditions will remain unchanged, a 2% late fee on the principal tax amount will apply for payments made between October 1 and December 31. Since its launch on June 1, SUNIYO has drawn in 1.16 lakh taxpayers, generating Rs 370.27 crore in revenue. Notably, 65,874 new taxpayers have paid property tax for the first time through SUNIYO,…

Latest StoriesResidential

Pune: Lokmanyanagar Residents Divided on Development Plan

PUNE: Following opposition from a group of residents in Lokmanyanagar against a cluster development proposal along Shastri Road, another faction, represented by the Lokmanyanagar Rahivasi Sangh, has voiced its support, claiming it will contribute to the overall development of the area. During a press interaction on Thursday, these residents expressed their perspectives on the redevelopment of aging buildings. This issue gained attention after the state government halted redevelopment plans upon receiving a letter from local MLA Hemant Rasane advocating for cluster development. “Various media outlets have spotlighted this issue, leading to perceptions of irregularities tied to redevelopment and political maneuvers.…

Latest StoriesRegulatory

Income Tax Survey of Raymond’s Realty Division

The Income Tax (I-T) department is currently conducting a survey action on entities associated with the textile and apparel giant Raymond Group. The survey, which started on Thursday and continued into Friday, focuses on the group’s real estate operations, according to sources familiar with the situation. Unlike searches, a survey action is restricted to official premises and is carried out solely during business hours. In a regulatory announcement on Friday, Raymond indicated that it is fully cooperating with the authorities. “We would like to inform you that yesterday, certain officials from the Income Tax Department visited some of the company’s…

IndustryLatest Stories

Telangana to Amend Stamp and Registration Act

HYDERABAD: Property buyers at bank and financial institution auctions may soon need to pay stamp duty based on transaction value as the Telangana government considers significant changes to the Indian Stamp Act and the Registration Act, aimed at reducing revenue losses, according to officials. The government also plans to grant authority to the inspector general and commissioner of the registration and stamps department to annul fraudulent registrations, including double registrations. Proposed amendments are expected to be presented to the Telangana cabinet shortly. Officials indicate that many auction property buyers evade stamp duty by presenting a ‘sale certificate’—a document banks submit…

IndustryLatest Stories

Nashik: Land Records to Hold ‘Bhumi Adalat’ Event

NASHIK: The land records department is set to hold a ‘Bhumi Adalat’ on October 1 at the division level to amicably settle land disputes between complainants and respondents. Mahesh Ingale, the deputy director of the land records department for Nashik division, stated that issues often revolve around mutation entries or land measurements. “Over 350 cases have been brought to my attention as the appellate authority, where aggrieved parties have challenged earlier decisions. In many instances, the solutions are straightforward, but people remain unaware,” he remarked. Ingale’s team aims to counsel all involved to reach mutually beneficial outcomes. He noted that…