Category: Latest Stories

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Latest StoriesResidential

Chandigarh to Use Unused CHB Land to Address Housing Shortage

CHANDIGARH: Chief Secretary H Rajesh Prasad stated on Friday that the Chandigarh Housing Board (CHB) will fully utilize vacant and unused land to address the housing needs of city residents. Prasad noted that development efforts will align with the Chandigarh Master Plan and the Supreme Court’s ruling on the city’s heritage. He addressed media at the new UT secretariat in Sector 9, outlining upcoming administrative initiatives. Earlier that day, he convened a meeting to evaluate the progress of key projects and reforms in government and aided colleges, along with higher and technical education institutions in Chandigarh. The Chief Secretary urged…

Latest StoriesResidential

Goa: Affordable Housing for Gaonkars on 20% Community Land

PANAJI: According to new rules announced by the government on Friday, comunidades can develop their land in partnership with developers, reserving 20% of this development for affordable housing specifically for gaonkars. The comunidades are required to invite bids from developers for land development in proportions determined by their managing committee. “The proportions decided by the comunidade’s managing committee will indicate the area of plots to be developed, including amenity plots which are part of the comunidade share. Of this, 20% must be allocated for affordable housing for gaonkars, after accounting for areas utilized for facility infrastructure. Post-development, the remaining plots…

Latest StoriesRegulatory

Bombay HC Denies Builder’s Request on Single Judge Hearing

PANAJI: The Bombay High Court has dismissed objections from a builder concerning a single judge’s hearing of a petition by green activist Avertino Miranda regarding unlawful construction in an open area in Porvorim. Miranda challenged the decision of Bardez’s town planner, who retracted its own show cause notices issued to the builder. The High Court affirmed that a single judge could review Miranda’s petition and extended the stay originally granted in December against any further development or construction of the commercial building. Miranda, the owner of a plot in Socorro, argued that the property was subdivided into smaller plots, designating…

Latest StoriesResidential

Redevelopment Starts After Seven Years at Four Bengaluru Sites

BENGALURU: After seven years of discussions, the Bangalore Development Authority (BDA) has finally commenced redevelopment work on four aging commercial complexes, including the well-known Indiranagar BDA complex. This initiative began with a tender issued in 2018, aimed at transforming underperforming public assets into modern commercial centers through a public-private partnership (PPP) model. The next focus area will be the Koramangala complex, with redevelopment efforts targeting facilities in Indiranagar, Koramangala, HSR Layout, RT Nagar, Sadashivanagar, Austin Town, and Vijayanagar. Demolition has already started at Indiranagar, RT Nagar, Sadashivanagar, and Vijayanagar. BDA officials have stated that redevelopment in Koramangala, Austin Town, and…

Latest StoriesRegulatory

Allahabad HC: YEIDA to pay penalty to 150 plot allottees

NOIDA: The Allahabad High Court’s Lucknow bench has resolved nearly 150 RERA appeals from the Yamuna Expressway Industrial Development Authority (YEIDA) concerning allottees from its inaugural residential plot scheme in 2009, which includes about 21,000 plots in Greater Noida’s Sectors 18 and 20. The court supported the allottees, mandating YEIDA to pay outstanding dues along with interest for delays, while denying the authority’s request for a refund of pre-deposited amounts. The original residential plot schemes were initiated adjacent to the Yamuna Expressway. However, allottees faced development delays due to farmers’ protests and legal disputes over land acquisition. Further delays arose…

IndustryLatest Stories

Rajasthan: RIICO Eases Land Norms, Risks Revenue Losses

Representative image created by AI JAIPUR: In a significant policy update, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has revised land use regulations for industrial zones, implementing major changes to the Disposal of Land Rules from 1979. The amendment, issued on Friday, enables the conversion of industrial plots into commercial, residential, institutional, and mixed-use categories, subject to new charges and procedures. The new framework facilitates the transition of one authorized land-use type to another, representing a notable change in the planning and utilization of industrial land. Under these updated guidelines, changing industrial plots to commercial use will incur…

Latest StoriesResidential

Delhi’s Lutyens’ Area May Receive ‘A+’ Property Zone Rating

NEW DELHI: The Delhi government is considering numerous recommendations for revising circle rates in the capital. Proposals include establishing a new A+ category for premium neighborhoods in Lutyens’ Delhi, reassessing farmhouse rates, conducting biennial reviews, enhancing data transparency, and forming a stakeholder committee. Officials stated that public feedback has been sought regarding the proposed revisions and is currently under review before finalizing the new rates. Circle rates, which serve as the minimum valuation for land and properties in residential, commercial, and industrial sectors, are often set below market rates. This discrepancy fosters cash transactions and results in revenue losses for…

Latest StoriesRegulatory

Orissa HC Rescinds Inquiry, Restores PMAY-G Benefits

CUTTACK: The Orissa High Court has overturned a government inquiry report that deemed several beneficiaries ineligible for the Pradhan Mantri Awas Yojana–Gramin (PMAY-G). The court ruled the inquiry did not adhere to established guidelines and was therefore invalid. Ten residents from Gopinathpur panchayat in Bhadrak district challenged the government’s decision to deny them PMAY-G benefits. An initial block-level inquiry identified 258 eligible beneficiaries, including the petitioners, with the gram sabha approving their names on January 30, 2023. Consequently, work orders were issued on June 19, 2023, and some beneficiaries received the first installment of ₹40,000. However, Malatilata Sahoo, a village…

IndustryLatest Stories

UP Govt Supports Noida Authority’s Plan to Cancel 29 Idle Plots

NOIDA: The Uttar Pradesh industrial development department has upheld the Noida Authority’s decision to revoke the land allotment of 29 industrial allottees due to failure to initiate construction, despite several extensions and relaxations from the state government. On October 23, additional chief secretary (industrial development) Alok Kumar dismissed a revision petition from Elevator IT Solutions Ltd, which contested the Noida cancellation order from July 10, 2023, deeming it arbitrary and inconsistent with lease terms. The dispute arose over a 4,130 sqm plot in Sector 62, originally allocated for IT/ITES activities in 2008. According to the lease deed executed on August…

Latest StoriesResidential

Nashik Sees 57% Surge in Properties in 10 Years

NASHIK: Over the last decade, the city’s property market has seen an impressive 57% growth in the number of registered properties. From 3.80 lakh properties in the financial year 2014-15, the count surged to 6 lakh by 2024-25, marking the addition of around 2.2 lakh new residential and commercial units, indicative of the city’s rapid growth and heightened demand for space. Fueling this trend are new developments as individuals seek homes for comfort and investment, often relocating to Nashik for better job and business prospects. The Nashik Municipal Corporation (NMC) highlighted these findings in its recent environmental status report, noting…