Category: Latest Stories

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IndustryLatest Stories

Haryana Digitizes Land Bank, Joins India’s Industrial Network

Certainly! Here’s a rewritten version of the content: CHANDIGARH: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is enhancing its industrial infrastructure by digitizing its land bank module and aligning it with the India Industrial Land Bank (IILB). According to an official announcement made on Monday, e-auction processes and post-allotment services are now available online. The state is also advancing “plug and play” facilities through the establishment of flatted factories in strategic locations, including Industrial Model Township Faridabad, IMT Manesar Phase-V, Sohna, Kharkhoda, Karnal, Yamunanagar, and Saha. Haryana is committed to becoming one of India’s most business-friendly states, taking…

Latest StoriesResidential

AP Government to Build Permanent Homes for the Poor: Minister

VISAKHAPATNAM: Housing Minister Kolusu Parthasarathy has announced that the state government will build permanent houses equipped with all necessary amenities for the underprivileged, while also completing pending projects in NTR colonies. During his recent visit to housing developments in Gidijala (Visakhapatnam district) and Paidivada Agraharam (Anakapalli district), he inspected construction progress and interacted with beneficiaries. During his visit, Minister Parthasarathy evaluated the existing conditions in the layouts and engaged in discussions with the residents. He attributed the issues to the previous government’s inadequate planning and assured that the current government would address these deficiencies, ensuring high-quality housing for the poor.…

Latest StoriesRera

Builder must register villa owners’ association: Telangana RERA

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has directed Prime Infratech, the developer of the Prime Alpenia villa project in Mokila, to establish a formal association of allottees within 45 days. This directive, issued on June 4, came after a villa owner lodged a complaint regarding ongoing harassment and the unlawful collection of funds due to the absence of a registered society. Budi Venkata Ramana, a resident of LB Nagar, reported that he purchased a villa in December 2021 and paid Rs 3,41,000 for corpus and maintenance charges in February 2022, but the promised owners’ association was never formed.…

CommercialLatest Stories

Goa Govt Loses ₹107 Crore as TCP Grants Free FAR to 321 Units

PANAJI: According to a report by the Comptroller and Auditor General (CAG), Goa has incurred a loss of ₹107 crore due to the town and country planning (TCP) department granting concessions to commercial entities by not imposing fees for additional floor area ratio (FAR). If calculated based on the finance department’s recommended rates, this loss could exceed ₹2,000 crore. The TCP department allowed 10.7 lakh square meters of additional FAR to 321 commercial establishments upon request without charging any fees. In contrast, the finance department had instructed the TCP to impose a fee of ₹1,000 per square meter for the…

Housing FinanceLatest Stories

Aadhar Housing Finance’s Q4 FY25 Profit Jumps 21% to Rs 245 Crore

NEW DELHI: Aadhar Housing Finance announced a 21% increase in net profit to Rs 245 crore for the fourth quarter of 2024-25, compared to Rs 202 crore in the same quarter the previous year. The company’s total income for the quarter rose to Rs 834 crore, up from Rs 692 crore in the same period last year, as stated in a regulatory filing. Interest income also saw a rise, climbing to Rs 722 crore from Rs 596 crore a year earlier. Total expenses increased to Rs 517 crore, compared to Rs 433 crore the previous year. Gross non-performing assets fell…

InfrastructureLatest Stories

FIR Filed Against Supertech Cape Town AOA for STP Issues

NOIDA: The Noida Authority has lodged a police complaint against the Apartment Owners Association (AOA) of Supertech Cape Town in Sector 74 for discharging untreated sewage into the sector’s drainage system. As per the guidelines set by the National Green Tribunal (NGT), high-rise developments are required to have operational sewage treatment plants (STPs) on-site. According to RP Singh, general manager (Jal) at the Noida Authority, inspections carried out on Friday revealed that the STP was not functioning according to the mandated standards. “We discovered that untreated sewage was being directly released into the drain. This poses a risk to groundwater…

Latest StoriesRegulatory

ED Raids Raheja Developers Over Homebuyer Fraud Case

NEW DELHI: On Tuesday, the Enforcement Directorate reported the seizure of “incriminating” documents and asset details during searches of real estate firm Raheja Developers Ltd. and its directors, as part of a money laundering investigation linked to alleged fraud against homebuyers. The raids occurred on June 27 in Delhi-NCR and Mohali, Punjab. The ED’s money laundering case arises from several FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja, and others. The agency stated that the FIRs claim “substantial” sums were fraudulently collected from investors and homebuyers with…

IndustryLatest Stories

Jaipur: Pay Urban Development Tax Online with JMC-Greater

JAIPUR: To enhance revenue generation, JMC-Greater is now offering residents the option to pay their urban development (UD) tax online or request home collection services. Starting July 1, the JMC-G will also conduct tax collection camps in all wards on a rotational basis. Officials have stated that property owners can call the toll-free number 1800-572-8545, which is managed by the corporation’s authorized firm, to arrange for a collection agent to visit their home. Additionally, UD tax payments can be made through any UPI application using the QR code printed on the UD tax bill. At the collection camps, property owners…

Latest StoriesResidential

Odisha Urges ULBs to Speed Up PMAY 2.0 Application Checks

BHUBANESWAR: In a bid to ensure the prompt allocation of homes under Pradhan Mantri Awas Yojana 2.0 (PMAY 2.0), the housing and urban development department has instructed all urban local bodies to hasten the verification process for applications submitted by beneficiaries. In a communication to the heads of urban local bodies, Satish Chandra Singh, joint secretary of the Odisha Urban Housing Mission, expressed dissatisfaction with the sluggish pace of the verification process and urged faster action alongside increased awareness among beneficiaries. Data indicates that 82,382 applications have been received to date, with 48,598 pertaining to beneficiary-led construction. However, only 13,925…

Latest StoriesRera

Over 7,000 Complaints Still Pending with MahaRERA

Eight years after its establishment in 2017, Maharashtra’s real estate regulator, MahaRera, is still facing a considerable backlog of unresolved complaints. Out of the 29,374 complaints filed, 7,310 are still pending, leading to calls from homebuyers, legal experts, and activists for quicker resolutions and stricter enforcement of orders. While MahaRera has successfully resolved 21,888 cases and conducts both online and offline hearings, the growing number of unresolved cases has raised concerns among consumer advocates. They emphasize the need for more adjudicating officers and additional regional benches to manage the increasing workload. MahaRera has registered over 50,000 real estate projects—the highest…