Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

BMC Seeks Developers for Mumbai Slum Rehab on 26 Parcels

MUMBAI: On Thursday, the BMC announced the invitation for Expressions of Interest (EOI) from qualified developers to undertake slum rehabilitation projects on 26 civic-owned land parcels, as per Regulation 33(10) of the Development Control and Promotion Regulations 2034. BMC’s latest initiative comes four months after it sought EOIs for 64 Slum Rehabilitation Authority (SRA) schemes, covering approximately 49,000 structures over an area of about 8.4 lakh sq m, which attracted insufficient interest. A senior civic official commented, “BMC acts as the planning authority for 64 SRA schemes, of which 17 have been suspended. EOIs were solicited for 47 schemes in…

Latest StoriesResidential

Jaipur: 18 Lal Dungri Homes Caught Between JDA and JMC-H

JAIPUR: Residents of Lal Dungri find themselves in the middle of an escalating dispute between the Jaipur Development Authority (JDA) and the Jaipur Municipal Corporation-Heritage (JMC-H). The contention arises from a colony originally established by the JDA, while JMC-H is now issuing demolition notices to multiple dilapidated structures. The situation has sharply declined near Ganeshpuri Basti, where annual soil erosion causes the lower part of a mound to collapse. The illegal activities of land mafia excavating the mound have destabilized the foundations of homes above, leaving some walls precariously suspended. Specifically, behind Meena Petrol Pump near Galta Gate, unauthorized land…

Latest StoriesRegulatory

Hyderabad Builder Ordered to Refund Buyer for Undelivered Plot

HYDERABAD: The Ranga Reddy District Consumer Disputes Redressal Commission has mandated a real estate company to refund ₹42.04 lakh, along with interest, to a homebuyer after the firm failed to deliver a promised residential plot in a pre-launch project. The complainant, Gaurav Khandelwal, 43, from Gachibowli, reported that he paid ₹32.34 lakh in 2022 for a 308-square-yard plot in a proposed layout. Per the agreement, the company was required to obtain HMDA approval, develop the site within a year, and register the plot in his name. They also provided a buy-back option with a 30% return if the project didn’t…

InfrastructureLatest Stories

Jaipur Introduces Draft Policy for Transit-Oriented Development

JAIPUR: The urban development department has announced a draft of its Transit Oriented Development (TOD) policy, aimed at creating planned, mixed-use areas along transit corridors in Jaipur. The initiative encourages access to stations by foot or non-motorised vehicles, reducing reliance on private transport. Public comments on the draft are welcome until September 14. This TOD policy seeks to enhance public transit usage, lower dependence on personal vehicles, alleviate traffic congestion, cut pollution, and foster smart urban growth. The TOD zone is indicated as an area within an 800-meter radius of designated transit nodes, including metro and railway stations. Within these…

Latest StoriesRera

Haryana directs RERA to expedite grievances and monitor builders

GURUGRAM: The Haryana government has instructed RERA authorities in Gurgaon and Panchkula to expedite the resolution of grievances and enhance oversight of developers, following a review led by Chief Secretary Anurag Rastogi. Officials noted that Haryana represents nearly 10% of the pending RERA complaints in India, despite having fewer project registrations compared to other states. This discrepancy is largely due to the size of projects in Gurgaon, which range from 5 to 100 acres, unlike the smaller, often one-acre projects seen elsewhere. To tackle the backlog of complaints, RERA Gurgaon has established a help desk. Additionally, RERA authorities have been…

IndustryLatest Stories

NBCC Signs Deal with RIICO for ₹3,700 Crore Jaipur Project

NEW DELHI: State-owned NBCC has signed a Memorandum of Understanding (MoU) with the Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO) to develop a project worth ₹3,700 crore in Jaipur. In a statement released on Thursday, NBCC announced the MoU with RIICO for the development of Rajasthan Mandapam and associated infrastructure near Jaipur International Airport. The project is estimated to be around ₹3,700 crore. NBCC will serve as the Executing Agency for this 95-acre project. According to the statement, “RIICO will provide NBCC with an initial interest-free advance of ₹50 crore, while NBCC will secure the remaining funds through…

IndustryLatest Stories

New Policy to Regularise 25,000+ Mumbai Buildings Without OC

MUMBAI: Ashish Shelar, the Guardian Minister for Mumbai Suburbs, announced on Thursday that a new government policy will soon regularize over 25,000 buildings in the city that have been denied Occupation Certificates (OC). This initiative, ahead of the upcoming civic polls, will provide significant relief to thousands of residents living in these structures who have been classified as “unauthorized occupants.” The decision was made during a meeting attended by the Brihanmumbai Municipal Corporation (BMC), along with the urban development, revenue, and co-operation departments, according to Shelar. “We are creating a policy to issue OCs for buildings constructed under the BMC’s…

IndustryLatest Stories

MIDC Notifies Three Developers, PMRDA Over Hinjewadi Traffic Issues

The Maharashtra Industrial Development Corporation (MIDC) has issued notices to three developers—Gera Developments, Godrej Properties, and VTP Realty—due to hazardous traffic conditions created on several roads in Hinjewadi Phase-III. Officials reported that vehicles carrying excavated material and ready-mix concrete were leaving muddy residue on the roads, creating dangerously slippery conditions. MIDC Executive Engineer RG Totla mentioned in the notice that this has resulted in four to five two-wheelers slipping on these roads. MIDC has mandated that the developers install tyre wash pits at their construction sites and ensure vehicles are cleaned before entering public roads. Additionally, the developers are required…

InfrastructureLatest Stories

BMC Unveils Proposed ESZ Plan for SGNP in Mumbai

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) unveiled a draft management plan for the Eco-Sensitive Zone (ESZ) surrounding Sanjay Gandhi National Park (SGNP) on Wednesday. While the document proposes measures to safeguard the 103 sq km green space, environmentalists express concerns that it might pave the way for industrial and real estate encroachment. The draft cautions about “significant pressure on the environment,” flagging slums, quarries, and ready-mix concrete plants for monitoring. However, the establishment of three graded zones, according to critics, could facilitate industrial growth and new developments. Relocation of Slums Suggested The proposal identifies about 184.51 hectares of slums in…

Latest StoriesRegulatory

MDDA Targets Illegal Plotting on 150+ Bighas in Dehradun

DEHRADUN: The Mussoorie Dehradun Development Authority (MDDA) reported on Wednesday that over 150 bighas of illegally plotted land have been cleared in the past month. This initiative also involved sealing more than a dozen unauthorized multi-storey buildings, particularly in regions such as Bhaniyawala, Haridwar Bypass Road, and Doiwala. MDDA Vice Chairman Bansidhar Tiwari stated that the increase in unauthorized plots and encroachments led the body to initiate an extensive demolition and sealing campaign. “In the past month, we’ve demolished around 150 bighas of illegal plots and sealed numerous constructions, including multi-storey buildings, in places like Rishikesh,” he said. In the…