Category: Latest Stories

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Latest StoriesRera

Housing Ministry Unveils Unified RERA Portal

NEW DELHI: In its fifth meeting, the Central Advisory Council (CAC) witnessed Union Minister of Housing & Urban Affairs, Manohar Lal Khattar, launching the unified RERA portal (rera.mohua.gov.in). This platform is designed to enhance transparency and facilitate the sharing of best practices among States and UTs. “The launch of the Unified RERA Portal marks a significant advancement in promoting transparency and accountability within the real estate sector,” stated the housing minister. He also emphasized that RERA has empowered homebuyers, ensured timely project deliveries, and introduced discipline within the sector. Khattar urged States and UTs to implement RERA thoroughly to safeguard…

InfrastructureLatest Stories

Nashik Civic Body Plans to Raise ₹1,000 Crore via ADB Loans

NASHIK: The civic body plans to secure Rs 1,000 crore in loans from the Asian Development Bank (ADB) for various infrastructure projects ahead of the upcoming Simhastha Kumbh Mela, set for 2026 to 2028. The Nashik Municipal Corporation (NMC) has submitted a proposal to the state urban development department for approval. A senior civic official informed TOI, “Upon receiving approval, we will begin the process to raise Rs 1,000 crore through a loan from ADB.” An official mentioned that the state government will back the loan repayment to ADB. This initiative is part of NMC’s strategy to fund its share…

IndustryLatest Stories

Sept 5 Meeting for Jaiprakash Associates Lenders; Bidding Challenge Ahead

NEW DELHI: The lenders of Jaiprakash Associates Ltd (JAL), which is currently undergoing insolvency proceedings, will convene on Friday to initiate a ‘challenge process’ involving five bidders. This step aims to optimize the value of the distressed company’s assets. The Committee of Creditors (CoC) is set to meet on September 5. Among the bidders vying to acquire JAL are Adani Group, Dalmia Bharat, Vedanta Group, Jindal Power, and PNC Infratech. Sources indicate that during a CoC meeting on August 22, it was decided to engage in further commercial negotiations with each Resolution Applicant to maximize the asset value of JAL.…

InfrastructureLatest Stories

After Virar Collapse, Civic Body to Demolish 141 Illegal Structures

PALGHAR: Following the tragic collapse of an illegally constructed building that resulted in 17 fatalities in Virar, the Vasai-Virar City Municipal Corporation (VVCMC) announced plans to demolish 141 unauthorized structures within its jurisdiction. An official shared these details on Thursday. The demolition drive is scheduled to commence on September 8, right after the conclusion of the Ganesh festival. On Thursday, VVCMC mobilized a 50-member demolition squad, which includes several contracted engineers. The teams will consist of ten groups with five members each, according to the official. On August 27, the rear section of the four-story Ramabai Apartments in Virar collapsed,…

Latest StoriesResidential

Bain Capital, Colive, Sattva Group unveil $100M co-living platform

NEW DELHI: Colive, a co-living platform, has teamed up with Bain Capital and Sattva Group to launch a co-living real estate initiative with an initial investment commitment of at least $100 million. Through this collaboration, Colive has also secured $20 million in funding to support growth and market expansion. The platform aims to acquire land, establish communities, and provide purpose-built rental housing. Colive has successfully completed initial land purchases in Pune and Bengaluru, with approximately 0.5 million sq ft of co-living spaces in development. Published On Sep 4, 2025 at 04:00 PM IST Join our community of over 2 million…

Latest StoriesRegulatory

SC considers panel to oversee Supertech Realtors projects

NEW DELHI: On Thursday, the Supreme Court contemplated the formation of a committee to manage the bidding process and selection of a co-developer for the stalled construction of residential apartments, office spaces, retail areas, and a luxury hotel by Supertech Realtors. Supertech Realtors, part of the troubled real estate giant Supertech, is undergoing insolvency proceedings alongside several associated companies. The Supernova project, which Supertech Realtors is working on, has a budget of Rs 2,326.14 crore and covers a 70,002-square-metre plot located in Sector 94, Noida. The project is set to feature an 80-floor building, making it the tallest structure in…

Latest StoriesRegulatory

Odisha HC: Co-owners can sell undivided property shares freely

CUTTACK: The Orissa High Court recently upheld the rights of co-owners in joint properties, stating that a co-sharer can sell their undivided share without needing consent from other co-sharers. This resolution was issued by Justice Ananda Chandra Behera during a hearing regarding a petition from Padmini Barik. She contested the refusal of the Basudevpur sub-registrar in Bhadrak district to register her sale deed. Barik claimed her deed was rejected due to the absence of her co-sharers’ consent. The High Court deemed this refusal legally invalid. In the judgment delivered on August 25, Justice Behera referenced Section 44 of the Transfer…

IndustryLatest Stories

Revamping Maharashtra’s Housing Policy for Urban Growth

The Maharashtra government’s new housing policy aims to create a comprehensive statewide land bank of mapped, geo-tagged, and digitally linked government-owned plots. This initiative is anticipated to resolve existing supply issues and enhance the availability of affordable housing across various income brackets, positively impacting urban growth and infrastructure investment throughout the state. Included in this policy is the establishment of the State Housing Information Portal (SHIP), a centralized digital platform designed to consolidate information regarding housing demand, land availability, and project implementation. For the first time, input from municipal corporations, planning bodies such as the Maharashtra Housing and Area Development…

InfrastructureLatest Stories

Over 6,700 Illegal Structures Found in Faridabad Forests

NEW DELHI: The Supreme Court-mandated Central Empowered Committee (CEC) has reported to the apex court that approximately 6,800 unauthorized structures, including farmhouses, schools, and government buildings, have been constructed on 780 acres of designated forest land in Faridabad, violating the Forest (Conservation) Act of 1980. In an interim report dated August 29, the committee noted that this land is recognized under the Punjab Land Preservation Act (PLPA) of 1900 and spans the villages of Ankhir, Anangpur, Lakkarpur, and Mewla Maharajpur. The committee highlighted that the area exhibits “all the attributes of forest land” as per the 1980 law and cannot…

InfrastructureLatest Stories

Noida Authority Targets Unauthorized Construction in Salarpur

NOIDA: Teams from the Noida Authority have been assigned to Salarpur village and surrounding areas to curb illegal construction. Reports indicate that unauthorized construction has occurred on plots numbered 728–735 and 745–752, with some buildings exceeding seven floors without proper approval. The field teams, which include five managers, an assistant manager, four junior engineers, 20 field staff, and two police officers, are conducting daily inspections. Their findings will be reported to the senior manager of Work Circle 8 to ensure stringent oversight and prompt action against encroachments. This initiative focuses on 39 developers involved in constructing more than 60 unauthorized…