Category: Latest Stories

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Latest StoriesResidential

Stilt-Four Project Tackles Urban Sprawl Amid Ludhiana Concerns

LUDHIANA: The Punjab government’s decision to significantly revamp its urban planning laws—permitting the construction of stilt-plus-four-floor buildings to curb sprawling development and enhance housing availability—has elicited varied responses, though industry leaders generally express approval for the increased flexibility. The Chief Minister, Bhagwant Mann, introduced the Punjab Unified Building Rules 2025, a reform that developers view as a vital advancement towards vertical development and more effective land utilization. These revisions not only elevate the maximum height allowance for buildings within municipal boundaries but also facilitate the sale of individual floors, essentially transforming the urban landscape. Key Changes According to the new…

Latest StoriesResidential

Lucknow’s Fake Flat Racket Busted; Five Arrested for Fraud

LUCKNOW: Police have launched an investigation into a wide-ranging forgery and fraud case involving counterfeit flat allotment letters connected to the Lucknow Development Authority (LDA). The investigation was initiated following a formal complaint from Ram Kishore, a senior LDA official. A First Information Report (FIR) was filed at Gomtinagar Police Station against five individuals, including Harshit Gupta, along with Piyush Pathak, Ravi Kumar Kashyap, Rimpy Singh, and Varun Kumar Sahu, plus an unidentified accomplice, for allegedly fabricating and distributing fraudulent allotment letters with forged signatures of senior LDA officials. According to Ram Kishore, the issue was brought to light when…

IndustryLatest Stories

SRA to Map All Mumbai Slum Structures by Dec 2025

NEW DELHI: The Slum Rehabilitation Authority (SRA) has set a goal to map every slum structure in Mumbai by December 2025 as part of a tech-driven reform initiative aimed at expediting slum rehabilitation schemes, according to CEO Mahendra Kalyankar. The SRA has launched digital innovations, including a STQC-certified web portal available in 25 languages, integrated online modules with role-specific access, blockchain-based document approvals, and chatbot-enabled consumer interfaces. These enhancements are designed to improve transparency, accelerate project approvals, and heighten accountability in scheme implementation. Sukhraj Nahar, president of CREDAI MCHI, noted that the SRA’s embrace of technology and development-oriented approach has…

IndustryLatest Stories

Tamil Nadu’s Land Reforms Dept. Sets Record Maintenance Guidelines

Representative image CHENNAI: The land reforms department has issued a comprehensive circular to district collectorates and revenue officers, outlining the protocols for maintaining documents to ensure their accessibility and longevity. This initiative follows criticism from the state information commission regarding the inadequate upkeep of records, which has resulted in numerous Right to Information Act petitions being denied due to the unavailability of requested documents. The circular emphasizes that records concerning patta transfers, land acquisitions, ownership details, land reclassification, encroachments, government land leases, land surrenders, and tax schemes must be systematically maintained by local district collectorates, with copies submitted to the…

Latest StoriesRegulatory

SC Rejects Request to De-Seal Commercial Properties in Delhi

NEW DELHI: On Friday, the Supreme Court dismissed a request to de-seal a commercial property located in New Rajinder Nagar Market, Delhi. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran issued the order in response to a longstanding environmental public interest litigation (PIL) initiated by MC Mehta in 1985. Justice Chandran, authoring the judgment, rejected the de-sealing request but ordered the Municipal Corporation of Delhi (MCD) to conduct a new inspection, identify any non-compoundable violations, and outline conversion and penalty fees. The court indicated that the applicant could regularize the property by eliminating illegal constructions…

IndustryLatest Stories

Partial OCs for Greater Noida Projects with 25% Advance

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has opted to issue partial occupancy and completion certificates to developers who have made advance payments in line with the UP government’s rehabilitation policy for stalled projects. This decision, announced on Tuesday, aims to provide immediate relief to countless buyers awaiting their flats for years and to developers grappling with project completion due to financial and bureaucratic obstacles. According to the new order, developers who have paid at least 25% of their recalculated dues—considering the two-year grace period granted during the Covid pandemic—and have made additional payments towards the remaining 75%, will…

Latest StoriesResidential

Revamp Housing Index Compilation Method: Stats Ministry

NEW DELHI: The Ministry of Statistics is suggesting a significant overhaul of the housing index compilation methodology, part of the consumer price index (CPI) base revision exercise. Housing represents a substantial segment of the CPI, contributing approximately 21.7% of expenditures in urban areas and 10.1% nationally according to the current series. “As part of the ongoing base revision, we will reassess all components of the index compilation methodology to create a more robust and durable CPI series,” stated the ministry in the newly released discussion paper. Data on rent will now be collected monthly, replacing the previous six-month collection method.…

Latest StoriesRegulatory

Mumbai: Builder, aide held for cheating contractor of ₹10 crore

Sure! Here’s a rewritten version of the content: MUMBAI: The Bandra Police have apprehended builder Neeraj Kakad and his assistant Vikas Kadam for allegedly defrauding a contractor from Khar of ₹9.57 crore and threatening him with violence. They will appear before the Bandra court soon. Neeraj was taken into custody at his residence in Bandra, while his wife, son, and officials Ujjal Singh and Vikas Kadam remain at large. The complaint was lodged by Sohail Subedar, a civil contractor and partner at Khalifa Infrastructure LLP, who was introduced to Kakad through a mutual contact in 2020. Subedar’s firm was contracted…

InfrastructureLatest Stories

AP CM: Amaravati Construction Must Meet Deadline

Here’s a rewritten version of your content: AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu urged officials on Friday to accelerate the development of Amaravati, the greenfield capital city, and ensure its timely completion. During a project review meeting at his camp office, Naidu assessed the ongoing progress, which included beautification projects and the distribution of returnable plots to farmers. “CM Chandrababu Naidu made it clear that construction work must not be delayed. The timelines for completion should be strictly adhered to,” a release stated. While discussing various construction projects, Naidu inquired about the workforce availability and the progress made…

Housing FinanceLatest Stories

Aptus Value Housing Finance Q2 FY26 Net Profit Up 24.5%

NEW DELHI: Aptus Value Housing Finance India has reported a net consolidated profit growth of 24.50% for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹226.54 crore, up from ₹181.96 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income reached ₹553.68 crore in Q2 FY26, reflecting a 27.44% increase from ₹434.47 crore for the corresponding quarter last year. P. Balaji, the company’s managing director, noted, “Disbursements increased by 24% quarter-on-quarter to ₹963 crore in Q2 FY26. Although we observed a slight uptick in…