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Latest StoriesRegulatory

Prayagraj to Crack Down on Property Tax Defaulters

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) is preparing to take stringent measures against numerous property owners who have been benefitting from civic amenities without paying property tax for several years. Officials disclosed that many building owners, including over 200 commercial entities like hotels, restaurants, and educational institutions, have not remitted any property tax despite multiple reminders. According to officials, these defaulters collectively owe approximately Rs 40–50 crore in unpaid taxes. Despite issuing notices for over a decade, these operators have continuously ignored the requests. Prime localities including Civil Lines, Katra, George Town, Mumfordganj, Sulemsarai, Phaphamau, and Teliarganj feature prominently on…

Latest StoriesResidential

Over 50 Plots Assigned on Anant Nagar Lottery’s First Day

Representative Image LUCKNOW: The Lucknow Development Authority (LDA) launched the lottery process for the Anant Nagar Housing Scheme on Monday at the Indira Gandhi Pratishthan. On the first day, a draw was held for 56 plots, attended by applicants. The draw included allocations for 19 plots of 450 square meters and 37 plots of 162 square meters, with approximately 1,400 applicants vying for the plots. LDA Vice Chairperson Prathamesh Kumar announced that an additional 155 plots measuring 200 and 288 square meters will be allocated on Tuesday. The final draw for 121 plots of 112.5 square meters will occur on…

Latest StoriesRera

Telangana RERA Slaps Fine on Housing Society for Violations

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has imposed a penalty of ₹18.5 lakh on the Jubilee Hills Co-operative House Building Society Ltd for initiating a real estate project without the required registration under the Act. The authority determined that the society breached the Real Estate (Regulation and Development) Act by advertising and collecting funds for its ‘Jubilee Hills Phase IV’ project located in Manchirevula village, Gandipet mandal, Ranga Reddy district, without RERA approval. The directive requires the society to pay the penalty within 30 days into the TGRERA fund. Moreover, it has been barred from advertising, marketing, booking,…

Latest StoriesRegulatory

ED Seizes ₹100 Crore in Assets from Unnati Fortune Holdings

NEW DELHI: The Enforcement Directorate announced on Monday that it has attached fresh assets worth over Rs 100 crore belonging to a realtor from Uttar Pradesh and his company under the anti-money laundering law related to a cheating case. The assets are tied to ‘The Aranya Project,’ developed by Unnati Fortune Holdings Limited (UFHL), headed by Anil Mithas. Mithas, based in Ghaziabad, was arrested by the federal probe agency in April and remains in judicial custody. A chargesheet was submitted by the ED to a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad in May. The ED’s investigation…

Latest StoriesResidential

Chandigarh’s Vacant Properties to Be Auctioned Every Four Months

CHANDIGARH: Following a remarkable turnout at the recent auction for residential properties, the UT estate office plans to conduct property auctions quarterly. Nishant Kumar Yadav, the deputy commissioner and estate officer, stated, “We are in the process of developing a calendar for property auctions. This schedule will ensure that vacant properties held by the estate office are regularly auctioned, allowing interested buyers to participate. This approach aims to enhance the availability of properties in the city to meet growing demand.” In the latest freehold residential property auction, every residential site was sold. Notably, a property in Sector 33, covering 1014…

Latest StoriesRera

Telangana RERA Orders The Building Co. to Refund Buyer with Interest

Sure! Here’s a rewritten version of the content: HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated infrastructure company The Building Co to refund ₹30 lakh with an annual interest rate of 11% to a buyer of a flat in its ‘TBC Rasagna North’ project located in Pet Basheerabad, Kompally. In a ruling dated September 4 under the Real Estate (Regulation and Development) Act, the authority found the developer guilty of collecting funds via a ‘pre-launch offer’ without proper registration or a valid sale agreement. Additionally, TG RERA imposed a ₹5 lakh penalty on the developer for breaching…

InfrastructureLatest Stories

Arunachal Pradesh Cabinet Approves Bill for Urban Growth

ITANAGAR: The Arunachal Pradesh Cabinet has approved a Bill that aims to establish a legal framework for town planning schemes, marking an important advancement towards organizing urban growth and development in the state, as stated by officials. This decision follows the rapid urbanization in the state, with 47 recognized urban centers needing structured planning to prevent unregulated growth. The draft Arunachal Pradesh Urban and Country Planning (Amendment) Bill will be presented in the upcoming Assembly session, allowing for town planning schemes, land pooling, and enabling the state to access Rs 100 crore in capital incentives during the ongoing financial year…

Latest StoriesResidential

Tiger Shroff sells Mumbai apartment for ₹15.6 crore

NEW DELHI: Tiger Shroff has sold his apartment at Rustomjee Paramount in Khar, Mumbai, for ₹15.60 crore. He purchased the property in 2018 for ₹11.62 crore. The apartment boasts a carpet area of 1,989.72 sq ft (184.85 sq meters) and a built-up area of 2,189 sq ft (203.34 sq meters), as indicated by property registration documents examined by Square Yards on the Inspector General of Registration (IGR) website. The sale includes three parking spaces. Additionally, the deal involved a stamp duty of ₹93.60 lakh and registration fees of ₹30,000. The transaction was officially registered in September 2025. Published On Sep…

IndustryLatest Stories

Andhra Pradesh earmarks land for private industrial park in Nellore

Representative AI image VIJAYAWADA: The state government has allocated 2,776 acres of land to IFFCO-SEZ in the Nellore district to pave the way for a significant private industrial SEZ. The company plans to invest ₹870 crore and create approximately 70,000 jobs. Andhra Pradesh’s new policy for establishing private industrial parks (2024-29) provides ‘plug and play’ industrial infrastructure. The aim is to enhance the development of world-class industrial parks through private sector initiatives, fostering job creation and investment by cultivating a favorable investment climate in the state. This policy will support world-class operations and maintenance in these parks, while creating a…

Latest StoriesResidential

Senior Citizens Face E-Khata Issues Amid Aadhaar Mandate in Bengaluru

Representative AI image BENGALURU: Numerous senior citizens in the city are facing challenges in obtaining e-Khata for properties bought by their children, who are now living abroad. The requirement for Aadhaar ID on the Greater Bengaluru Authority (GBA) portal has left many families of Non-Resident Indians (NRIs) frustrated, as they lack this form of identification. For example, an octogenarian from RT Nagar, C V Govindharaju, is struggling to secure e-Khata for his flat purchased 22 years ago. “My son, who is a US citizen, assisted me in acquiring this apartment in 2003. However, the application for e-Khata is rejected because…