Category: Latest Stories

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Latest StoriesRegulatory

Telangana Unveils CURE Bill to Replace 1955 GHMC Act

HYDERABAD: The Telangana government has introduced the draft Core Urban Region (Integrated Governance) Bill, 2026 (CURE Bill), citing the Greater Hyderabad Municipal Corporation (GHMC) Act of 1955 as inadequate for the rapidly expanding metropolitan area. The government is now inviting suggestions and feedback from citizens, Resident Welfare Associations (RWAs), industry groups, professional organizations, and other stakeholders on the draft until July 24 via the official websites of the three municipal corporations in Greater Hyderabad. While many provisions of the GHMC Act are retained, the new legislation proposes numerous reforms aimed at governance, environmental sustainability, and public safety, addressing the needs…

Latest StoriesRegulatory

Indore Cancels Licenses of Five Consultants for Permit Fraud

INDORE: The Indore Municipal Corporation (IMC) has escalated its efforts against the abuse of its automated ‘deemed approval’ system for building permits, resulting in the cancellation of licenses for five consultants and engineers. This decision, led by IMC Commissioner Kshitij Singhal and Additional Commissioner Prakhar Singh, came after a probe into the issuance of online building permits. The system, intended to automatically approve plans for smaller structures within 24 hours without manual checks, was manipulated by applicants to evade necessary fees and reduce future property tax responsibilities. A review of 300 online building permissions over a two-month period surfaced evidence…

Latest StoriesRera

Verify Clients with Latest UN Sanctions: Odisha RERA to Agents

BHUBANESWAR: In response to recent updates by the United Nations Security Council (UNSC) sanctions committees regarding global high-risk individuals and entities, the Odisha Real Estate Regulatory Authority (ORERA) has issued a directive requiring all registered agents to implement anti-money laundering and counter-terrorism financing measures in accordance with the Prevention of Money Laundering Act. This directive follows guidance from the Director General of Audit, Indirect Taxes and Customs. Under the updated compliance framework, real estate agents are now recognized as reporting entities, necessitating alignment of their customer due diligence processes with the most recent international sanctions. ORERA has instructed real estate…

CommercialLatest Stories

Six New Co-Working Spaces for CM’s Office Coming to Chennai

CHENNAI: Six co-working spaces, established by the previous DMK government in North Chennai, are set to open to the public soon. The Greater Chennai Corporation (GCC) has issued tenders to outsource housekeeping for a year while retaining technical and administrative oversight. The new facilities will be located in Purasaiwalkam, Periyar Nagar, Otteri, Pulianthope, Thiru-Vi-Ka Nagar, and Kolathur. These centers, constructed before the elections, have been awaiting inauguration. Each facility will employ two sweepers, two receptionists, and two security guards. While housekeeping operations will be outsourced, the civic body will manage data operations, IT infrastructure, and electrical maintenance. Additionally, GCC has…

Latest StoriesRegulatory

Telangana: Forensic Audit Reveals 22,000 Dharani Anomalies

HYDERABAD: A forensic audit has revealed approximately 22,000 anomalies during the examination of eight lakh Dharani (land) transactions from October 2020 to December 2024. Despite this finding, the state government remains uncertain about the officials and individuals involved in these transactions, which concern nearly 10,000 acres of land. The audit, conducted by the Kerala Security Audit and Assurance Centre (KSAAC), identified several suspicious transactions but lacked definitive evidence against those responsible due to alleged tampering of records, deletion of relevant online databases, and, in some instances, intervention at the Chief Commissioner of Land Administration (CCLA) office level. The irregularities were…

InfrastructureLatest Stories

Can Chandigarh’s Roads Handle Its Growth?

Representative AI image CHANDIGARH: The Chandigarh administration’s initiative to revise the city’s development regulations brings to the forefront a crucial question highlighted in its own planning documents: Where will the increased traffic be accommodated? The proposed amendments to the Chandigarh Master Plan (CMP) 2031 aim to reshape the urban environment with elevated Floor Area Ratios (FAR), taller buildings, and mixed-use developments. Additionally, it includes converting reserved lands for commercial purposes. While the administration argues that these changes are essential for future housing and economic demands, an analysis of official planning documents and traffic studies uncovers a significant oversight: large-scale densification…

CommercialLatest Stories

Ludhiana: LIT Cuts Reserve Price to ₹182 Crore for Auction

LUDHIANA: The Ludhiana Improvement Trust (LIT) has introduced a new e-auction for its prime multi-storey commercial building located on Rani Jhansi Road, reducing the reserve price by ₹15 crore to attract potential buyers after several unsuccessful attempts. The updated reserve price is ₹182 crore, down from the ₹197 crore set during the failed auction in May. The e-auction is already underway and will conclude on July 22, when officials will assess whether the price reduction has garnered interest from bidders. During the initial auction attempt in May, a rate fixation committee led by the deputy commissioner endorsed a reduction in…

Latest StoriesRegulatory

Navi Mumbai collects ₹434 crore in property tax in Q1 FY27

THANE: Navi Mumbai Municipal Corporation achieved a record property tax collection of ₹434.02 crore in the first quarter of 2026-27, an increase from ₹372.42 crore collected from 98,478 taxpayers during the same period last year, according to a municipal official on Saturday. The collection period spanned from April 1 to June 30, with 1,43,329 out of 3,55,772 registered property owners fulfilling their tax obligations. NMMC Commissioner Kailash Shinde credited this achievement to a technology-driven administration, data analytics, and improved digital payment options. “Our focus on effectively using technology, data analysis, and offering accessible digital facilities has led to this historic…

Latest StoriesRegulatory

NCLT Orders Entertainment City to Register Stake for Parmesh Construction

NEW DELHI: The National Company Law Tribunal (NCLT) has ordered Entertainment City to document a 4.26% equity transfer to Parmesh Construction Company, a Bhutani Infra Group entity, overruling objections from joint venture partner Unitech Holding concerning alleged violations of shareholder agreements. Parmesh Construction Company Ltd (PCCL) purchased a 3.70% stake from IIRF Holdings V Ltd and a 0.56% stake from Vistra ITCL (India) Ltd. Unitech Holding Ltd (UHL) opposed the sale, arguing it breached their Right of First Refusal (RoFR) and lacked the necessary 30-day notice under the relevant Articles of Association and Shareholders Agreement. The two-member NCLT bench ruled…

IndustryLatest Stories

Haryana Limits Daily Property Registrations to 20 Appointments

Representative AI image CHANDIGARH: The Haryana government has announced a limit of 20 daily registration appointments per registration office at both tehsil and sub-divisional levels to enhance the efficiency of property registrations and minimize delays. The new token-based system, effective from Thursday, will issue daily and randomly generated tokens to eliminate any preferential treatment. Financial Commissioner of the Revenue and Disaster Management Department, Sumita Misra, has instructed all Deputy Commissioners to enforce this new arrangement rigorously. According to an official statement released on Friday, each district headquarters tehsil will issue 20 tokens per day randomly through the District Revenue Officer-cum-Joint…