Category: Latest Stories

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Latest StoriesResidential

Rajasthan Property Sales Dip in July-September 2025

JAIPUR: Following increases in the March and June quarters, real estate sales in Rajasthan experienced a decline in the September quarter, according to data from the Registration & Stamps Department. While industry representatives caution against reading too much into a single quarter’s performance, they express concern over a potential downward trend influenced by high US tariffs. The total value of property transactions rose from Rs 2,206 crore in the December 2024 quarter to Rs 2,330 crore and Rs 2,569 crore in the March and June quarters, respectively. However, the September quarter saw a slight decrease, totaling around Rs 2,553 crore.…

Latest StoriesRegulatory

Tax Dept Investigates ₹28,000 Crore Property Deals in Manesar

GURUGRAM: An I-T department survey has revealed considerable shortcomings in the documentation of property transaction records at Manesar tehsil, raising alarms over possible large-scale tax evasion. Over the last five years, property transactions worth approximately Rs 28,000 crore have been registered at this tehsil. However, it was found that the Permanent Account Number (PAN) of buyers and sellers, which is mandatory for transactions exceeding Rs 30 lakh, was absent from the records. The survey, conducted by a team of ten members over 24 hours, highlighted that the registration software at the tehsil failed to capture vital PAN details, despite regulations…

Latest StoriesRegulatory

ED Seizes Ansal Properties Valued at Over ₹10 Crore

CHANDIGARH: The Enforcement Directorate’s (ED) Gurugram Zonal Office announced on Wednesday the provisional attachment of six immovable properties associated with the Ansal family, valued at ₹10.55 crore, under the Prevention of Money Laundering Act (PMLA), 2002. These properties are reportedly owned by directors and beneficiary owners of M/s Ansal Properties and Infrastructure Ltd (APIL): Sushil Ansal, Pranav Ansal, and Kusum Ansal. The action follows the company’s failure to repay environmental compensation mandated by various environmental agencies due to violations of The Water (Prevention and Control of Pollution) Act, 1974, and The Air (Prevention and Control of Pollution) Act, 1981. The…

Latest StoriesRegulatory

Bombay HC: Mumbai’s prime land can’t be lost to slum scheme.

MUMBAI: The Bombay High Court, represented by Justices Girish Kulkarni and Aarti Sathe, stated on Wednesday that large public land cannot be unjustly claimed under the pretext of slum rehabilitation. Expressing concern over the state’s actions, the court issued an interim order emphasizing that a prime 33-acre public space in the Cuffe Parade/Colaba area—one and a half times the size of Oval Maidan—should remain accessible to the public rather than be handed over for private development, especially when the city is already facing a shortage of public parks and open spaces, a necessity under the Indian Constitution. The court asserted…

IndustryLatest Stories

New Ghaziabad Circle Rates Coming by Mid-October

GHAZIABAD: The revised circle rates for 2025-26 are expected to be approved next week. This follows the review of nearly 50 objections received from farmers in eight villages designated for the Harnandipuram township, up to Tuesday. The district administration had invited public objections for the proposed DM circle rates for the current financial year from September 16 to 30. “In Modinagar and nearby areas of Wave City, residents have requested a reduction in circle rates, while those in villages earmarked for Harnandipuram township have broadly sought an increase,” an official stated. Discussions on the objections will occur in the coming…

InfrastructureLatest Stories

HC Petitioned by Dwarka Expressway Residents for Connectivity

GURUGRAM: Residents in new sectors along the Dwarka Expressway have approached the Punjab and Haryana High Court, requesting intervention for the construction of 24-metre and 30-metre internal sector roads. According to residents, the absence of these roads obstructs access to homes, delays emergency services like ambulances and fire trucks, and poses dust and safety hazards in the area. This action follows repeated appeals to civic and planning authorities that resulted in minimal progress. The resident group, Dwarka Expressway Gurugram Development Association (DXP GDA), filed a writ petition through advocate Seema Nain, who stated that “judicial intervention is now the only…

InfrastructureLatest Stories

ADB Approves $190M Loan for Indore Metro Project

NEW DELHI: The Asian Development Bank (ADB) has approved a USD 190 million loan to support the Indore Metro Rail Project, a significant initiative aimed at improving urban mobility, reducing pollution, and fostering inclusive growth in Madhya Pradesh, as stated in a company press release. The project will fund the construction of an 8.62-kilometre underground metro line featuring seven stations, connecting congested areas of Indore to the airport. Designed with modern standards, the metro will offer accessibility features such as ramps, lifts, CCTV surveillance, and emergency response systems for elderly individuals, women, children, and persons with disabilities. “Indore’s rapid urbanization…

CommercialLatest Stories

Maharashtra Cabinet Greenlights Policy to Double Global Centres by 2030

AI-generated image (representative) NAGPUR: On Tuesday, the state cabinet approved a new policy aimed at attracting investments in Global Capacity Centres (GCCs). The initiative emphasizes Tier-2 and Tier-3 cities such as Nagpur, Nashik, and Chhatrapati Sambhaji Nagar, with a goal of increasing the number of GCCs in the state to 800. This policy, effective from 2025 to 2030, seeks to draw in investments totaling ₹50,600 crore and create 400,000 new jobs. Currently, Maharashtra is home to 400 GCCs that employ 400,000 individuals. With this decision, Maharashtra joins other states like Gujarat, Karnataka, Madhya Pradesh, and Uttar Pradesh in having a…

InfrastructureLatest Stories

Jaipur Civic Body Orders Owners to Vacate 16 Unsafe Buildings

JAIPUR: The Jaipur Municipal Corporation (JMC) Heritage has issued notices to the owners of 16 unsafe buildings in the Walled City, demanding that they vacate within 24 hours. Additionally, parts of two unsafe structures were demolished and sealed temporarily after residents were relocated. Repair orders were also served to the owners of nine buildings. Officials stated that personnel from the building construction branch have been assigned to monitor the situation continuously. Deputy Commissioner of Hawa Mahal Amer Zone, Seema Chaudhary, emphasized, “These measures are essential to prevent accidents in Amer, Brahmapuri, and Gangapol, especially during heavy rains. The corporation will…

CommercialLatest Stories

Gurugram Council Demolishes Illegal Commercial Structure

GURUGRAM: On Wednesday, the Municipal Corporation of Gurugram (MCG) demolished a commercial building belonging to Congress member Rajesh Yadav and his brother in Sector 68. The demolition, which was overseen by the district town planner and a duty magistrate, escalated into a tense situation as Yadav confronted the enforcement team. According to District Town Planner (DTP) RS Batth, the structure was built on 1,000 square yards without the necessary approvals and was operating as a commercial facility. Batth noted that a furniture showroom, numerous offices, and other businesses were running from the site. As an earthmover dismantled the building, Yadav…