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IndustryLatest Stories

Builders unhappy with Punjab property law changes, citing sales slowdown

BATHINDA: Promoters of housing projects in Punjab are expressing discontent over a recently issued notification under the Punjab Apartment and Property Regulation Act (PAPRA), 1995. They argue that the new regulations will hinder development efforts, consequently affecting the state’s revenue from property transactions. This notification seeks to enhance transparency by prohibiting the partial acquisition of land for projects before development begins. It also imposes strict regulations regarding the collection of external development charges. Prospective buyers, in contrast to realtors, believe that these changes offer them greater choice and transparency, safeguarding them from being overcharged and decreasing price volatility in plot…

Latest StoriesRegulatory

Ludhiana: GK Group Chairman, Sons Face Separate Cases

LUDHIANA: Police have filed two distinct cases of alleged property fraud against the family members of the GK Group, a prominent real estate company based in Sangowal village. The group’s chairman, Gulshan Kumar, along with three of his sons, has been named as accused in the FIRs. The GK Group is acknowledged as a significant player in the local real estate market. According to police, investigations are ongoing in both cases; however, no arrests have occurred yet. The first case concerns land encroachment near a petrol pump, where complaints were lodged against Gulshan Kumar and his sons, Rohit Kumar and…

Latest StoriesRera

Karnataka RERA: Builders Must Insure Common Areas or Cover Repairs

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has issued a directive emphasizing that builders must insure common areas to avoid covering repair costs for disasters themselves. In a recent ruling, K-Rera instructed the developers of an apartment complex on Kanakapura Road to provide all insurance documentation for the project within 30 days, partially addressing a complaint regarding a fire incident that damaged the Block 4 clubhouse. The complaint arose from a fire on January 30, 2024, when resident Dhananjaya noticed smoke emanating from the clubhouse. The blaze destroyed the ladies’ washroom and sauna. Despite repeated requests for repair or…

IndustryLatest Stories

Labour Shortage Stalls Visakhapatnam’s Construction Boom

Representative image VISAKHAPATNAM: Construction activity in Vizag is on the rise, both in public and private sectors. However, builders caution that this growth is being hampered by a shortage of skilled labor. Projects related to smart city upgrades, airport expansions, and housing are progressing, yet contractors report that the lack of trained workers is leading to delays and increased costs. Contractors are struggling to find experienced masons, electricians, and finishing workers. This shortage is extending project timelines and inflating labor costs, particularly impacting small and medium enterprises. National industry assessments pinpoint this lack of skilled labor as a significant challenge…

Housing FinanceLatest Stories

Home Loan Portfolio Surpasses ₹9 Lakh Crore in Nov 2025: SBI Chair

NEW DELHI: C S Setty, Chairman of SBI, announced that the bank’s mortgage loan portfolio has surpassed Rs 9 lakh crore last month. He is optimistic that growth in the RAM (Retail, Agriculture, and MSME) segment will lead to an overall credit growth of 14% for the current fiscal year. The RAM segment, which constitutes 67% of the total loan portfolio, has also achieved the milestone of over Rs 25 lakh crore in September. With the economic growth on the rise, SBI has increased its credit growth target from 12% to 14% for this financial year. “We have revised our…

InfrastructureLatest Stories

Ghaziabad: Harnandipuram Launch in 5 Months, 336 Hectares Phase-I

GHAZIABAD: The Ghaziabad Development Authority (GDA) has commenced a satellite survey for the land designated for its Harnandipuram township. The first phase of construction is expected to start in five months, focusing on the development of 336 hectares, with 292 hectares being sourced from three villages: Mathurapur, Shamsher, and Nangla Feroze Mohan Nagar. Out of the 292 hectares needed, 14 hectares will come from Mathurapur, 86 hectares from Shamsher, and 192 hectares from Nangla Feroze Mohan Nagar. GDA Vice Chairperson Nand Kishore Kalal stated, “We have executed registries for 35 hectares and obtained consent from farmers for an additional 85…

IndustryLatest Stories

Kolhapur: 60K land group numbers from 1,200 villages deemed NA

Representative AI image KOLHAPUR: The district administration’s revenue department has initiated a significant campaign, designating 60,000 group numbers (Gat numbers) across 1,200 villages as ‘deemed non-agricultural’ (NA). Guardian minister Prakash Abitkar stated on Saturday, “This is the first time such a decision has been implemented in Kolhapur, benefiting 3 lakh citizens directly.” This special campaign affects 12 talukas within the district, impacting villages in Hatkanangale (62), Shirol (55), Chandgad (147), Shahuwadi (143), Karveer (126), Panhala (119), Radhanagari (117), Bhudargad (116), Ajra (101), Gadhinglaj (87), Kagal (86), and Gaganbawda (41). This initiative aligns with the state government’s efforts to facilitate development…

Latest StoriesResidential

Pune to create guidelines for PGs after resident complaints

Representative AI image PUNE: Concerns have been raised for years regarding the living conditions in numerous abhyasikas and the cramped spaces in the older neighborhoods. Residents expressed these worries to additional municipal commissioner Prithviraj B P during a recent meeting. The increasing student population has further strained local infrastructure. In response, the Pune Municipal Corporation (PMC) has launched a survey of all abhyasikas in the old city and the paying guest system. Guidelines for their operation will be issued. Prithviraj mentioned complaints about illegal parking, abhyasikas functioning in designated parking areas, safety, and hygiene issues due to overcrowded living conditions.…

Latest StoriesRera

Karnataka RERA Launches One-Stop Clearance for Real Estate

MYSURU: Rakesh Singh, chairman of the Karnataka Real Estate Regulatory Authority (K-RERA), announced on Saturday that the authority is considering implementing a single-window clearance system. This initiative aims to streamline the coordination and follow-up on permissions necessary from various government agencies for real estate projects. Singh explained that once developers or promoters register with K-RERA and comply fully, the authority will take on the responsibility of liaising with the relevant departments to ensure timely approvals. He added that if an agency does not clear a proposal within the designated time frame, the approval should be considered as deemed granted. He…

InfrastructureLatest Stories

Bengaluru to Hire Urban Designers for City Development

Certainly! Here’s a rewritten version of the provided content: BENGALURU: In a significant development, the Greater Bengaluru Authority (GBA) will officially appoint urban designers and planners for the first time to enhance city infrastructure, including its roads, public spaces, and mobility networks. This initiative introduces specialized Urban Design Cells, signaling a transformative approach to urban planning in Bengaluru. Traditionally, issues like potholes, flooding, inadequate footpaths, and traffic chaos were often attributed to municipal shortcomings. However, experts have highlighted a more fundamental problem: GBA lacked trained professionals in urban design and planning. Many past engineering projects, conducted without design oversight, led…