Noida fines Kendriya Vihar for unregistered lifts
According to Ramesh Chaudhary, Assistant Director of Electrical Safety, there are 30 additional societies in the district where lifts have not yet been registered.
Category: Latest Stories
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Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…
Auto Mutation of Property in Chandigarh Within a Week
CHANDIGARH: The property auto-mutation process for leasehold properties will now occur within two days, while freehold properties will take up to a week. The estate office has issued a Standard Operating Procedure (SOP) for its implementation across relevant departments. This system automates the mutation process based on registered property deeds, removing the requirement for separate applications from the transferee and minimizing manual intervention. It relies on real-time digital integration between the sub-registrar office (SRO) and the estate office. According to an estate office official, once a deed is registered at the SRO, the associated data and documents are securely sent…
Lucknow’s Q1 FY26 House Tax Exceeds 300,000
LUCKNOW: In the first quarter of 2025–26, over three lakh property owners in Lucknow settled their house taxes. Meanwhile, more than four lakh have yet to fulfill this obligation, as reported by the Lucknow Municipal Corporation (LMC) on Monday. As part of the new system, a 10% rebate is available only to individuals who process both house tax and user charges online by July 31. Of the 7,33,521 registered properties in the city, 3,00,208 homeowners cleared their dues between April and June, leaving 4,33,313 properties still pending for tax payment. The total revenue collected to date is Rs 2,02.4 crore.…
Karnataka: 10 Builders Owe ₹347 Crore in Penalties
Even years after the implementation of the Real Estate Regulation and Development Act (RERA), many major builders in Karnataka are disregarding recovery orders from the Karnataka Real Estate Regulatory Authority (K-RERA). Consequently, homebuyers with favorable rulings find themselves struggling for justice through courts and bureaucratic channels. When RERA was launched, there was hope that victims of real estate fraud would quickly receive justice. Unfortunately, that hope has largely gone unfulfilled. A striking example is the fact that ten major builders owe a collective ₹347 crore in penalties, yet have not made any payments. Recent information acquired through an RTI query…
JP Morgan Signs ₹1,000 Crore Office Lease in Mumbai BKC
In a landmark pre-lease agreement, U.S. financial giant JP Morgan has secured over 116,210 sq ft of office space in Sumitomo’s commercial tower within Mumbai’s Bandra-Kurla Complex (BKC). The deal involves a long-term lease of 10 years. The lease includes an initial 10-year term, with options to renew for up to three additional five-year extensions, potentially extending the total to 25 years. The estimated rental outflow for the first 10 years is close to Rs 1,000 crore, with total payments over the 25-year term anticipated to exceed Rs 2,500 crore, making it one of the most significant long-term commercial leases…
Westridge to Sell 9.8% Stake in Aptus Value Housing
Aptus Value Housing stocks will be under the spotlight on Tuesday as private equity firm Westridge Investments intends to sell a 9.8% stake in a transaction valued at Rs 1,495 crore, as reported by CNBC-TV18. The floor price for the transaction is set at Rs 305 per share, according to sources. Aptus Value Housing Finance India experienced a 26% year-on-year increase in net profit for the March quarter, driven by robust disbursement growth and improved operational efficiency. The profit after tax reached Rs 207 crore, up from Rs 164 crore during the same period last year. Disbursements saw a 10%…
Gurugram: Four Illegal Homes Demolished, Two Buildings Sealed
GURUGRAM: The Department of Town and Country Planning (DTCP) in Gurgaon, along with a team from the Sector 53 police station, conducted a demolition operation in Saraswati Kunj along Golf Course Road on Sunday. DTCP officials reported that enforcement actions led to the demolition of four illegally constructed houses that violated approved layout plans. These structures were raised without the necessary approvals and clearances. Furthermore, two buildings nearing completion were sealed for breaching zoning and planning regulations. The enforcement team also demolished two unauthorized labor accommodations situated on the right of way (ROW) of the internal road within the colony.…
Sudhanshu Infrastructure Faces Legal Action in Bhandup Case
MUMBAI: In a significant move against unauthorized construction and violations of urban planning regulations, the Slum Rehabilitation Authority (SRA) has filed a complaint with Bhandup police against Sudhanshu Infrastructure Pvt. Ltd. and its representatives, including Abhayjit Dubey, for alleged illegal structural alterations and unauthorized occupancy of Aniraj Tower in Bhandup (West), Mumbai. According to Laxmikant Manekar, Assistant Engineer at the SRA, the developer improperly constructed a hall instead of a permitted shop on the 8th floor without the necessary approvals under the Maharashtra Regional and Town Planning (MRTP) Act, 1966. This construction violates the approved building plan. Moreover, the developer…
Landlords to Auction Bhadravati Civic Body Assets
CHANDRAPUR: In a surprising development, private landowners repossessed furniture and assets from the Bhadravati Municipal Council office due to unpaid rent totaling nearly 66 lakh for land leased for the town’s weekly market. The 30,033 square feet of land, owned by Raju Gundawar, Sanjay Gundawar, and Kishor Gundawar, was leased to the council in 2018 for a monthly fee of 66,000. Although initial payments were made, the council eventually defaulted, accumulating years of overdue rent. Despite repeated reminders and offers of payment plans from the landowners, the council failed to settle the outstanding debt. Consequently, the landowners sought legal recourse,…