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Latest StoriesRegulatory

Gurugram to Launch Sealing Drive Against Tax Defaulters

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has identified 65 property owners who owe more than Rs 1 crore each. Starting Tuesday, the MCG will initiate a sealing drive targeting these defaulters. Officials have indicated that the majority of the properties involved are commercial establishments and industrial units. This action is part of MCG’s continuous efforts to recover overdue property tax payments and enhance its revenue base. “We will commence the sealing drive on Tuesday, focusing on the 65 properties identified with outstanding property tax dues. Notices have been dispatched to the respective property owners,” stated an MCG official familiar…

IndustryLatest Stories

Delhi Civic Body Unveils Easy Property Tax Calculator

NEW DELHI: The Municipal Corporation of Delhi (MCD) has launched a new property tax calculator designed to help residents compute their property taxes easily, eliminating the need for app logins or middlemen. A senior official informed PTI that this user-friendly calculator enables citizens to independently calculate their annual property tax. As part of efforts to enhance digital transparency, it is now accessible on the official MCD portal. This straightforward tool fosters trust by equipping property owners with clear information, thus decreasing their reliance on others and streamlining the entire process for users. Available under the property tax section, once users…

Latest StoriesResidential

Residents leave Signature View flats as DDA offers rent aid

NEW DELHI: Residents of Signature View apartment in Mukherjee Nagar are gradually vacating their homes after the Delhi Development Authority (DDA) began offering monthly rent assistance to those who have relocated. According to the Resident Welfare Association (RWA) of Signature View, families in three-bedroom apartments receive ₹50,000 a month, while those in two-bedroom units receive ₹38,000 monthly. Amrendra Rakesh Singh, president of the RWA, stated, “By the end of August, around 200 families had vacated the building. Approximately 110 families are expected to leave before the court-imposed deadline of October 1.” The apartments are set for demolition after an IIT…

Latest StoriesRera

Amaravati JAC Leader Becomes Andhra Pradesh RERA Chair

VIJAYAWADA: A Siva Reddy, the leader of the Amaravati JAC, has been appointed as the chairman of the Andhra Pradesh Real Estate Regulatory Authority (AP-RERA). Previously serving as the president of the Confederation of Real Estate Developers’ Associations of India’s AP chapter, Reddy resigned from that position in 2020 to champion the capital city movement during the former YSRCP government. He played a significant role in the farmers’ protests advocating for Amaravati to be established as the sole capital of the state. Additionally, the head of the Amaravati JAC’s women’s wing, Rayapati Sailaja, was appointed as the chairperson of the…

CommercialLatest Stories

BlackRock Signs 1.43 Lakh Sq. Ft. Office Lease with IndiQube

BlackRock Services India, the local branch of the world’s largest asset manager, has secured a new office lease for approximately 143,000 square feet at IndiQube Symphony on MG Road in Bangalore’s central business district (CBD). The 10-year lease agreement has a total rental commitment of Rs 410 crore, ranking it among the largest enterprise flexible space transactions in recent months. The lease, which was registered earlier this month, will take effect on October 1, 2025. BlackRock will pay a monthly rent of Rs 2.72 crore at Rs 190 per square foot, supported by a security deposit of Rs 21.75 crore.…

Latest StoriesResidential

Buyers Await RERA Action on Delayed Uttar Pradesh Project

LUCKNOW: The Palacio Imperial White Buyers Association submitted a formal complaint in June 2025 but is still awaiting the first hearing from Uttar Pradesh RERA, raising issues about regulatory delays and inaction. The association invoked Section 7 of the Real Estate (Regulation and Development) Act, 2016, requesting the transfer of the stalled Palacio Imperial White project (UPRERAPRJ13910) from Tulsiani Infraventure Private Limited due to the developer’s prolonged failure to complete the development. Association president, Manoj Kumar Bhagat, expressed his disappointment and emphasized the urgency for intervention to protect the legal and financial interests of homebuyers. “The builder promised to finish…

InfrastructureLatest Stories

Bhopal Metro Advances in Land Acquisition Efforts

Representative AI image BHOPAL: Landowners along the proposed route for the Bhopal Metro’s Orange Line are increasingly opting for the Madhya Pradesh Aapsi Kharid Niti – 2014 (Mutual Purchase Policy), which facilitates land acquisition through mutual consent. This policy allows those agreeing to transfer their land for Metro development to receive compensation within two months, simplifying the process and avoiding protracted acquisition procedures. To date, 40 property owners have consented to participate in the scheme. Most will receive compensation for structures on their land, while bhoomi swamis (landowners) will get full compensation as per policy stipulations. The 60-day objection period…

Latest StoriesRegulatory

Allahabad HC Orders Site Inspection of Noida Housing Dispute

NOIDA: In a legal dispute involving a developer and YEIDA, the Allahabad High Court has appointed a commissioner to assess and confirm the status of a contentious group housing plot in Sector 26. Justice Prakash Padia issued the order on Thursday, instructing advocate Gaurav Gautam to inspect the site on Monday (Sept 15) with support from the district magistrate, police commissioner, and YEIDA officials. The commissioner is required to submit a report in a sealed envelope by Sept 18, when the case will be reviewed again. This decision follows conflicting assertions about SDS Housing having received physical possession of the…

Latest StoriesResidential

Paying house tax alone doesn’t legalize structures: GCZMA

PANAJI: The Goa Coastal Zone Management Authority (GCZMA) has issued orders for the demolition of several illegal structures, including beach shacks and unauthorized extensions to hotels and resorts, along the turtle nesting beach of Agonda in Canacona. The GCZMA clarified that paying house tax to the local panchayat does not legitimize a structure. It stated that house tax collection is merely for revenue purposes and does not serve as evidence of a structure’s legality. The GCZMA received a complaint last year regarding “rampant illegal construction” aimed at commercial benefits within the CRZ area of Agonda, which is designated as a…

InfrastructureLatest Stories

Noida to Map Land and Water Bodies Along Expressway

NOIDA: The Noida Authority is set to conduct a comprehensive topographic survey across key areas of the city to assess land availability, delineate boundaries, and enhance its land bank for future sector development. The agency selection process is currently ongoing, with applications open until September 16. According to officials, this initiative will clarify the status of various land parcels, allowing for systematic and transparent planning of sector developments. “This study is crucial for guiding both current and future developments,” an official stated, noting that the survey will serve as a foundation for upcoming projects in the area. The survey will…