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IndustryLatest Stories

Maharashtra earns ₹29,795 crore from property fees by Oct 12

PUNE: Property registrations across Maharashtra continue to thrive, even after the recent increase in the ready reckoner (RR) rate, marking the first uptick in three years. The state has already gathered nearly half of its annual stamp duty and registration fees target as Diwali approaches. According to the state registration department, Maharashtra amassed ₹29,795 crore in stamp duty and registration fees by October 12, equating to 46.9% of the current financial year’s target of ₹63,500 crore. This represents a 7% increase from ₹27,834 crore during the same timeframe last year (up to the end of September), despite the recent RR…

InfrastructureLatest Stories

Bengaluru AECS Layout Residents Demand Action on Illegal High-Rises

BENGALURU: Frustrated by ongoing issues such as water shortages, traffic jams, and increasing crime rates, a group of volunteers from AECS Layout, located near Brookefield and Kundalahalli, decided to take action. They conducted a survey of their area and uncovered 30 high-rises under construction that they allege are violating norms set by the Greater Bengaluru Authority (GBA). Their findings revealed that numerous buildings have been erected beyond the sanctioned heights of G+2 or G+3, reaching G+6, G+7, and even G+8 floors. Residents expressed that this unauthorized vertical expansion has led to severe sewage overflow, garbage accumulation, traffic congestion, and diminished…

Latest StoriesRegulatory

Clerk in Mohali Suspended for Land Registry Breach

MOHALI: The revenue department has suspended registry clerk Harpreet Singh for allegedly verifying land documents against a court order. This suspension was issued by the Finance Commissioner for Revenue and a notice was sent to the deputy commissioner of Mohali. Deputy Commissioner Komal Mittal confirmed this action and stated that a thorough investigation is currently in progress. An inquiry has also been launched against naib tehsildar Ritu Kapoor in relation to the same matter. The situation arose after Amandeep Singh, a resident of Lakhnour village, filed a complaint asserting his status as the sole heir of his grandmother, Surjit Kaur,…

InfrastructureLatest Stories

Bengaluru Makes Greywater Recycling Mandatory for New Builds

BENGALURU: In a significant move to conserve water and reduce reliance on the Cauvery River, the Bangalore Water Supply and Sewerage Board (BWSSB) has announced plans to make greywater recycling mandatory for all newly constructed buildings and detached homes in the city. A detailed policy framework is being developed and will be submitted for government approval by the year’s end. Currently, the requirement for wastewater treatment and reuse applies only to apartment complexes with over 120 units. However, given Bengaluru’s rapidly increasing population and frequent water shortages due to climate change, officials believe expanding this mandate to individual residences is…

Latest StoriesRegulatory

EOW Books SSLS Real Estate for Cheating Investors of ₹19 Crore

HYDERABAD: The Economic Offences Wing (EOW) of Cyberabad police has initiated legal proceedings against the promoters of SSLS Real Estate & Constructions for allegedly embezzling approximately ₹19.4 crore from local investors. A complaint filed by Miyapur businessman Badari Nadh Gelli states that the scheme began in July 2023 when a mutual acquaintance, Mohan Muralidhar, organized a meeting at Lodha Meridian, Kukatpally. During this meeting, K. Upendra and his father, Atchuta Rao, purportedly presented themselves as reputable developers with extensive projects in Telangana and Andhra Pradesh, soliciting investments for a rapidly expanding property portfolio. Enticed by their promises of quick repayment…

Latest StoriesRegulatory

Telangana HC Backs Tenants’ Rights to 200-Acre Gachibowli Land

HYDERABAD: The Telangana High Court has resolved a decade-long dispute over nearly 200 acres of prime land in Gachibowli by upholding the revenue divisional officer’s (RDO) order that recognized the ownership rights of protected tenants, overriding the sub-collector’s contradictory findings. This case involved agricultural land valued at approximately ₹15,000 crore, spanning several survey numbers in Gachibowli. The dispute arose between the descendants of protected tenants and subsequent purchasers, including members of the Diamond Hills Welfare Association. The petitioners, heirs of the protected tenants, contested the sub-collector’s 2016 order that reversed the RDO’s 2013 decision. The RDO had previously determined that…

Latest StoriesRegulatory

Nagpur to Auction 149 Properties for Unpaid Taxes

NAGPUR: The Nagpur Municipal Corporation (NMC) is intensifying its efforts to recover long-overdue property taxes, targeting 149 properties for auction in an attempt to collect ₹3.29 crore. So far, it has successfully retrieved ₹95.3 crore through property tax warrants. Currently, property tax arrears in Nagpur have exceeded ₹938.7 crore. A recent report highlighted that 261 prime properties are in default, each owing more than ₹25 lakh, collectively amounting to ₹442.34 crore in arrears. As of September 2025, the property tax and assessment department has issued 10,042 warrants under Taxation Rule 42, covering outstanding dues of ₹95.31 crore. Out of these,…

Latest StoriesResidential

Delhi Cuts Water, Power at Signature View Apartments Over Eviction

Representative AI image NEW DELHI: The Municipal Corporation of Delhi (MCD) has ceased the electricity and water supply to Signature View Apartments after the court-imposed deadline expired, leaving approximately 51 residents still in the building, according to officials on Monday. Located in North Delhi’s Mukherjee Nagar, this housing complex, constructed between 2007 and 2009 and allocated under a Delhi Development Authority (DDA) scheme by 2011-12, has significantly deteriorated structurally over the years. “We urge the remaining residents to vacate the premises as soon as possible,” stated Amrendra Singh Rakesh, President of the Resident Welfare Association (RWA). He noted that many…

Latest StoriesRegulatory

Delhi HC Denies Restraining Property Sale Amid Frivolous Case

NEW DELHI: The Delhi High Court has stated that frivolous cases filed against a property cannot be used as a “weapon of harassment,” allowing an owner with a contested building to proceed with its sale or transfer. “The law acknowledges that courts possess the authority, in suitable cases, to exempt properties from the constraints of Section 52 of the Transfer of Property Act. This exemption serves to protect genuine property owners from being ensnared in vexatious, frivolous, or bad faith litigations,” remarked Justices Anil Kshetarpal and Harish V Shankar in a recent ruling. The court also levied a penalty of…

IndustryLatest Stories

Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…