Category: Latest Stories

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Latest StoriesResidential

Bhubaneswar: Dhauli Heights Allotment Nears End After Decade

BHUBANESWAR: Cooperation Minister Pradeep Bal Samanta announced that the allotment process for Dhauli Heights is nearing completion, bringing hope to allottees who have been waiting for almost a decade to occupy their homes in the project. In response to a question from legislator Dhruba Charan Sahoo regarding the status of house handovers, Samanta mentioned that the final arrangements are being made for the project managed by Odisha Cooperative Housing Corporation (OCHC) Limited. Launched in 2014, the Dhauli Heights housing project in Badaraghunathpur, Tamando, faced delays due to contractor issues and financial constraints. Currently, Samanta stated that the allotment process is…

Latest StoriesRegulatory

Dumas Seaface Developer Penalized for Dust Pollution Issues

SURAT: The agency responsible for the Dumas Seaface project has been fined Rs 5 lakh after inspections revealed insufficient measures to control dust pollution at the site. Municipal Commissioner Shalini Agarwal visited the site to assess the progress and observed that dust suppression systems and waste management protocols were not adhered to. This penalty is part of the Surat Municipal Corporation’s (SMC) intensified measures against construction sites non-compliant with pollution control regulations. Since Thursday, SMC teams have scrutinized 266 construction projects throughout the city, fining 184 of them and totalling Rs 56 lakh in penalties. On the first day of…

IndustryLatest Stories

RMZ Corp Considering $1 Billion IPO

RMZ Corp., one of India’s leading real estate developers, is contemplating an initial public offering (IPO) that could raise up to $1 billion, according to sources familiar with the situation. This move could set the stage for one of the country’s largest real estate listings. The Bengaluru-based firm has initiated preliminary discussions with bankers about the potential listing, as stated by anonymous sources due to the confidential nature of the discussions. The IPO is expected to occur later next year. RMZ has not yet officially appointed advisers, and critical factors such as timing, structure, and overall size of the offering…

Latest StoriesRegulatory

Karnataka HC Supports Premium FAR Policy; Dismisses TDR Petitions

In a major ruling concerning urban development in Karnataka, the High Court has affirmed the State’s implementation of a Premium Floor Area Ratio (Premium FAR) under Section 18B of the Karnataka Town and Country Planning Act, 1961. The court dismissed two petitions submitted by landowners and Transferable Development Rights (TDR) holders who challenged the constitutional validity of the amendment and related notifications. The petitions were filed by landowners whose properties were previously acquired for public use, receiving TDR instead of monetary compensation. They contended that the introduction of Premium FAR enables developers to gain additional buildable rights from the government…

Latest StoriesResidential

Delhi CM promises to transform Bhalswa-Jahangirpuri EWS flats

File Photo NEW DELHI: On Tuesday, Delhi Chief Minister Rekha Gupta reaffirmed her government’s dedication to providing dignified housing for the underprivileged while inspecting the dilapidated EWS flats in Bhalswa-Jahangirpuri. She attributed the neglect of the complex to the previous administration. During her visit, Gupta expressed frustration with the prior government’s inability to fulfill their promises to the city’s lower-income residents. “The Bhalswa flats, which we are examining today, were completed in 2016. From then until 2025, the flats have fallen into disrepair, and not a single unit has been allocated to a poor family. This is a betrayal of…

IndustryLatest Stories

Andhra Pradesh to Regularize ‘Sada Bainama’ Land Deals

Representative AI image VIJAYAWADA: The long-awaited resolution for land rights may soon materialize for millions of farmers in the state. The government has decided to regularize the decades-old ‘Sada Bainama’ agreements and issue land titles to these farmers. Previously, informal handwritten sale agreements known as Sada Bainama were commonly used in rural areas, based on mutual trust. However, land ‘owners’ could not secure title deeds or pattadar passbooks, as revenue and registration departments did not acknowledge their claims in the absence of formal documentation. Revenue Minister Anangani Satya Prasad stated, “The Sada Bainama transactions, which lacked registration, have significantly impacted…

Latest StoriesResidential

Centre Sanctions 1.11 Crore Homes Under PMAY Schemes

NEW DELHI: The government has approved the construction of 1.11 crore houses under two schemes of Pradhan Mantri Awas Yojana, with 95.54 lakh of these homes already completed and allocated to beneficiaries, Minister of Housing and Urban Affairs, Manohar Lal, reported in the Rajya Sabha on Monday. While addressing supplementary questions during the question hour, the minister mentioned that a 2020 slum survey revealed that approximately 6.5 crore individuals, equating to 1.39 crore households, reside in slums nationwide. “Under both schemes, 1.11 crore houses have been approved, and 1.10 crore have been initiated, with 95.54 lakh houses completed and handed…

Housing FinanceLatest Stories

Home Loans Rise 14%, Buyer Growth Only 7% in Gujarat

AHMEDABAD: While Gujarat’s housing finance numbers are on the rise, homebuyer sentiment remains stagnant. According to SLBC data for the September 2025 quarter, housing loan disbursements have increased by 14% year-on-year, climbing from ₹14,266 crore to ₹16,264 crore. However, the number of borrowers has only grown by 7%, from 95,532 to 1.02 lakh. This disparity highlights a healthy flow of credit but a lack of purchasing momentum, particularly among mass-market buyers. Banking sources indicate that most lending occurs in major cities such as Ahmedabad, Vadodara, Surat, and Rajkot. “Despite substantial lending activity, there is a notable decline in demand for…

Latest StoriesRegulatory

Hyderabad: Flat Owners Must Base Maintenance on Size

HYDERABAD: The Ranga Reddy District Consumer Commission has determined that the Saket Pranaam flat owners’ association cannot impose a uniform maintenance fee for all residents. Instead, fees must be calculated based on each flat’s square footage. This ruling stemmed from a complaint by SL Narasimha Rao, a studio-flat owner, who argued that it was inequitable for smaller units to pay the same maintenance charge as larger ones. Rao, whose flat spans 445 to 702 sq ft, challenged the association’s decision to impose a fixed fee of Rs 2,500 per month, which was later raised to Rs 3,500 following an extraordinary…

Latest StoriesResidential

Kochi Apartment Owners Request Relaxation on STP Installations

KOCHI: The Consortium of Flat and Villa Owners Association, Kerala (COFVOAK), has approached Chief Minister Pinarayi Vijayan to request relaxed regulations for installing sewage treatment plants (STPs) in apartment complexes built before 2007. They are also seeking exemptions due to the planned centralized sewerage system in Kochi. The consortium is urging the government to provide appropriate directives to the pollution control board (PCB) and the Kochi corporation to prevent the cancellation of occupancy certificates (OCs) or disconnection of essential services to these buildings. Additionally, they are requesting that these complexes be exempt from retrospective PCB consent fees, suggesting the fees…