Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRegulatory

SC considers panel to oversee Supertech Realtors projects

NEW DELHI: On Thursday, the Supreme Court contemplated the formation of a committee to manage the bidding process and selection of a co-developer for the stalled construction of residential apartments, office spaces, retail areas, and a luxury hotel by Supertech Realtors. Supertech Realtors, part of the troubled real estate giant Supertech, is undergoing insolvency proceedings alongside several associated companies. The Supernova project, which Supertech Realtors is working on, has a budget of Rs 2,326.14 crore and covers a 70,002-square-metre plot located in Sector 94, Noida. The project is set to feature an 80-floor building, making it the tallest structure in…

Latest StoriesRegulatory

Odisha HC: Co-owners can sell undivided property shares freely

CUTTACK: The Orissa High Court recently upheld the rights of co-owners in joint properties, stating that a co-sharer can sell their undivided share without needing consent from other co-sharers. This resolution was issued by Justice Ananda Chandra Behera during a hearing regarding a petition from Padmini Barik. She contested the refusal of the Basudevpur sub-registrar in Bhadrak district to register her sale deed. Barik claimed her deed was rejected due to the absence of her co-sharers’ consent. The High Court deemed this refusal legally invalid. In the judgment delivered on August 25, Justice Behera referenced Section 44 of the Transfer…

IndustryLatest Stories

Revamping Maharashtra’s Housing Policy for Urban Growth

The Maharashtra government’s new housing policy aims to create a comprehensive statewide land bank of mapped, geo-tagged, and digitally linked government-owned plots. This initiative is anticipated to resolve existing supply issues and enhance the availability of affordable housing across various income brackets, positively impacting urban growth and infrastructure investment throughout the state. Included in this policy is the establishment of the State Housing Information Portal (SHIP), a centralized digital platform designed to consolidate information regarding housing demand, land availability, and project implementation. For the first time, input from municipal corporations, planning bodies such as the Maharashtra Housing and Area Development…

InfrastructureLatest Stories

Over 6,700 Illegal Structures Found in Faridabad Forests

NEW DELHI: The Supreme Court-mandated Central Empowered Committee (CEC) has reported to the apex court that approximately 6,800 unauthorized structures, including farmhouses, schools, and government buildings, have been constructed on 780 acres of designated forest land in Faridabad, violating the Forest (Conservation) Act of 1980. In an interim report dated August 29, the committee noted that this land is recognized under the Punjab Land Preservation Act (PLPA) of 1900 and spans the villages of Ankhir, Anangpur, Lakkarpur, and Mewla Maharajpur. The committee highlighted that the area exhibits “all the attributes of forest land” as per the 1980 law and cannot…

InfrastructureLatest Stories

Noida Authority Targets Unauthorized Construction in Salarpur

NOIDA: Teams from the Noida Authority have been assigned to Salarpur village and surrounding areas to curb illegal construction. Reports indicate that unauthorized construction has occurred on plots numbered 728–735 and 745–752, with some buildings exceeding seven floors without proper approval. The field teams, which include five managers, an assistant manager, four junior engineers, 20 field staff, and two police officers, are conducting daily inspections. Their findings will be reported to the senior manager of Work Circle 8 to ensure stringent oversight and prompt action against encroachments. This initiative focuses on 39 developers involved in constructing more than 60 unauthorized…

Latest StoriesRegulatory

ED Uncovers ₹17 Crore Land Fraud Involving Dharani Misuse

HYDERABAD: An investigation by the Enforcement Directorate (ED) has uncovered alleged manipulation of the Dharani Portal, the state’s integrated land records management system, concerning the fraudulent acquisition and sale of government land in Nagaram village. Central to this case is a false affidavit that purportedly supported land succession and subsequent sale. The ED’s provisional attachment order indicates that Khader Unissa submitted an affidavit on the Dharani Portal, claiming to be the sole legal heir of her deceased father, Nawab Haji Ali Khan. Documentation and statements from revenue officials, however, confirm that Ali Khan had two sons, Farooq Ali Khan and…

InfrastructureLatest Stories

Kolkata: Pay ₹1 lakh for littering in New Town vacant lots

KOLKATA: The New Town Kolkata Development Authority (NKDA) is putting up display boards in vacant plots around New Town to discourage illegal dumping, with fines ranging from ₹1,000 to ₹1 lakh. Residents have noted that many vacant areas in New Town have turned into dumping grounds and breeding sites for mosquitoes. NKDA is also planning to implement a redressal system for the effective removal of construction and demolition waste. Residents can notify authorities of any C&D waste in the area for swift cleanup. “A dedicated helpline will be established to handle complaints about construction and demolition waste, particularly in Action…

InfrastructureLatest Stories

Ghaziabad to Notify Township Land to Ease Acquisition Hurdles

GHAZIABAD: Families in five villages of Ghaziabad have faced a long and uncertain wait for development. The promise of the Harnandipuram township, projected as a modern urban center, has been clouded by delays in land acquisition. The Ghaziabad Development Authority (GDA) has now opted to invoke the Land Acquisition Act, aiming to accelerate the project. During a board meeting on Tuesday, the GDA approved moving forward with land acquisition for Harnandipuram under the Land Acquisition Act, moving away from the slower mutual consent method. Since March, only 14 hectares have been secured via negotiations, with another 6 hectares pending, leaving…

Latest StoriesRegulatory

ED Raids 17 Builder Locations in Jaipur

JAIPUR: The Enforcement Directorate (ED) has executed extensive raids at various locations in the city, targeting the premises of businessmen involved in the real estate sector. The raids concentrated on 17 sites associated with businessmen Gyan Chand Agarwal, Jugal Kishor Derawala, Dalpat Singh, Govardhan Agarwal, and Anil Jain. These actions were initiated following a case under the Prevention of Money Laundering Act (PMLA) registered on June 9, 2025, which uncovered significant foreign investments by these individuals in Dubai, Singapore, Cyprus, and Hong Kong. Officials reported seizing important financial documents during the raids related to the accused’s dealings. Gyan Chand Agarwal…

Latest StoriesResidential

Mysuru Body Raises Base Price, Boosts Vijayanagar Realty Rates

MYSURU: The base price set by the Mysuru Development Authority (MDA) for sites in the prestigious Vijayanagar Stage IV, Phase II, has had a direct and negative influence on property prices in west Mysuru, according to local developers. They argue that inflated prices have created a bubble, misleading many into believing there is a boom in the real estate sector. The MDA initially pegged the base price at Rs 8,000 per square foot for premium corner plots, which has since been increased three times, establishing a new pricing benchmark and prompting property owners in the affluent area—comprising around 18,000 sites—to…