Category: Latest Stories

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Latest StoriesRegulatory

ED: Debock Industries Owner Invested Crime Proceeds in Real Estate

AI-generated Representative Image JAIPUR: The owner of Debock Industries Ltd has been investing over Rs 100 crore in real estate, utilizing proceeds from a financial fraud. The acquisitions include villas, housing schemes, hotels, and resorts equipped with wedding banquet halls. This information was disclosed by officials from the Enforcement Directorate (ED), who are investigating the money laundering case concerning the group. As the raids unfolded on Saturday, an ED officer stated, “We have seized Rs 78 lakh, property papers for 150 bighas of land, along with incriminating documents and evidence against the company.” “They were developing a resort near Chaksu…

IndustryLatest Stories

Safety Audits Required for 276 High-Rises in Lucknow

Representative image created by AI LUCKNOW: The Lucknow Development Authority has mandated a structural safety audit for 276 high-rise buildings in the city. This includes 58 LDA-owned buildings and 218 privately owned structures, all ranging in age from 5 to 40 years. This decision follows the collapse of Alaya Apartment in 2023 and a commercial building in Transport Nagar last year. In response, LDA officials prepared a proposal that received board approval in September of the previous year. As per the new regulation, all buildings exceeding 15 meters in height will undergo a structural audit every five years. Although the…

Latest StoriesResidential

Karnataka Housing Board to Acquire 315 Acres Near Kengeri

AI-generated Representative Image BENGALURU: Taking a significant step toward the aspirations of countless urban poor and middle-class families, the Karnataka Housing Board (KHB) has announced the acquisition of 315 acres in BM Kaval village, close to Kengeri. This expansive residential initiative, designed to provide housing and plots for the disenfranchised, was initiated with a preliminary notification released in late June. BM Kaval, located off Mysuru Road and well-connected via NICE Road and the extended Purple Line of Namma Metro, has long been seen as an area rich in urban potential. This housing project is poised to establish the region as…

InfrastructureLatest Stories

2,000 Mumbai Housing Societies Join Hazardous Waste Drive

Representative image created by AI MUMBAI: Two months after the BMC launched a specialized campaign to collect domestic hazardous waste, nearly 2,000 entities—including housing societies, women’s hostels, beauty parlours, and educational institutions—have enrolled in the program. On average, 1.7 tonnes of hazardous waste is collected daily and delivered to six plasma incineration facilities under BMC’s administration for safe and scientific disposal. This waste includes adult diapers, sanitary products, pet waste, expired medications, used waxing sheets, PPE kits, and facial masks. Currently, Mumbai generates approximately 80 to 100 tonnes of domestic hazardous waste each day. Although only a small portion is…

Latest StoriesRegulatory

Delhi civic body holds 1,800+ tax camps for amnesty scheme

NEW DELHI: The MCD has launched 1,862 property tax camps across its 12 zones to help property owners file their taxes and take advantage of the Property Tax Amnesty Scheme introduced in May. As per MCD officials, over 48,546 taxpayers have benefited from these camps so far. The civic authority plans to conduct more camps in the coming days to further extend the advantages of the Property Tax Amnesty Scheme for 2025-26 and the Sumpattikar Niptaan Yojana (SUNIYO). Taxpayers or Resident Welfare Associations (RWAs) can contact their zonal offices to request a camp in their locality. “We have successfully conducted…

IndustryLatest Stories

Ghaziabad DM Orders Review of Circle Rates Amid Tax Dispute

AI-generated Representative Image GHAZIABAD: Property prices in Ghaziabad may be set for another rise, as the district administration has begun a review of circle rates, potentially leading to adjustments later this year. District Magistrate Deepak Meena has instructed the stamp and registration department to perform a detailed analysis of government-notified land values, which are used to determine stamp duty. The findings are expected to be submitted within 15 working days. During a review meeting on Friday, Meena emphasized, “The survey needs to thoroughly evaluate all key factors affecting prices in residential, commercial, and agricultural areas. Any revisions will be based…

Latest StoriesResidential

Study: 2.6 Lakh Hyderabad Homes at Fire Risk

Representative image created by AI A recent study has revealed that 1.3 million residents across 260,000 households in Hyderabad are at a significantly high risk of fire accidents. This report, titled ‘Hotspot Analysis of Structure Fires in Urban Agglomerations: A Case Study of Hyderabad,’ comes during a time of rising incidents of fire in both residential and commercial sectors. Conducted by geography professors from Osmania University and Nizam College, along with the Institute for Excellence in Higher Education in Bhopal, it was published in the Asian Journal of Geographical Research. The research highlights that densely populated areas with a mix…

InfrastructureLatest Stories

Land Pooling Begins for Indore-Pithampur Economic Corridor

AI-generated Representative Image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has initiated land pooling for the proposed 19.60 km Indore-Pithampur Economic Corridor, which will host commercial and industrial ventures along both sides. This infrastructure project aims to improve connectivity between Pithampur, the airport, and other vital urban areas, thereby facilitating commercial and industrial growth in the state. MPIDC’s Indore Executive Director, Himanshu Prajapati, stated, “The layout for the proposed corridor has been finalized, and we have begun the land pooling process. We have received consents for over 250 acres and are actively collecting documents from landowners.” The corridor will…

InfrastructureLatest Stories

CRDA Approves 20,494 Acres for Amaravati Capital Region

AI-generated Representative Image AMARAVATI: At the 50th meeting of the Capital Region Development Authority (CRDA) led by Chief Minister N Chandrababu Naidu on Saturday, the authority approved the pooling of an additional 20,494 acres from seven villages in the greenfield capital of Amaravati. According to an official press release, this land will come from four villages in Amaravati mandal and three in Thullur mandal. The press release stated, “CRDA Authority approved land pooling of an additional 20,494 acres from four villages in Amaravati mandal and three villages in Thullur mandal.” With a current land bank of 54,000 acres set aside…

Latest StoriesRegulatory

Prayagraj Unifies Property, Water & Sewer Taxes into One Bill

PRAYAGRAJ: In a significant step towards enhancing the taxation process for local residents, the Prayagraj Municipal Corporation (PMC) is set to roll out a unified billing system. This new system will merge property tax, water tax, and sewer tax into a single bill. The implementation of this system is projected to occur within the next week, after the successful completion of the software’s final testing phase. PK Mishra, the chief tax assessment officer, indicated that all necessary data from the municipal and water departments has been integrated, with essential updates made to the corporation’s official website and mobile app. This…