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IndustryLatest Stories

Bihar Offers Free Land and ₹40 Crore Interest Support to Investors

PATNA: On Tuesday, the Bihar government unveiled a new policy that offers free land and interest subsidies of up to Rs 40 crore to investors in the industrial sector. Chief Minister Nitish Kumar stated that the ‘Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025)’ aims to enhance industrial development in the agrarian state, generating approximately 1 crore jobs over the next five years. “To encourage industry in Bihar, the government has introduced the Bihar Industrial Investment Promotion Package 2025 (BIPPP-2025) following the BIADA Amnesty Policy 2025. This includes interest subsidies of up to Rs 40 crore for investors,” he shared in…

InfrastructureLatest Stories

Navsari Civic Body Issues Notices to 40 Illegal Sites

Representative image created by AI SURAT: The Navsari Municipal Corporation (NMC) has initiated a crackdown on illegal constructions, issuing notices to 40 sites—both commercial and residential—that lacked valid permits. In the last week, the NMC’s town planning department evaluated around 200 under-construction sites, identifying 40 that failed to obtain necessary approvals. These sites are required to submit valid construction documents within five days, with officials cautioning that structures without permissions could face demolition. This marks the first significant enforcement action since Navsari became a municipal corporation. The city is now divided into 13 wards, with elections anticipated soon. Ward-10 reported…

InfrastructureLatest Stories

HYDRAA recovers ₹100 crore land in Jubilee Hills, Hyderabad

Representative image created by AI HYDERABAD: HYDRAA has reclaimed approximately 2,000 square yards of land in Jubilee Hills, valued at around 100 crore. This land, located near the check post and adjacent to the main road, had been under encroachment for over 20 years. Officials report that the plot originally belongs to the Jubilee Hills Cooperative Housing Society, designated for community use in the original layout. However, an individual named Pilla Satyanarayana encroached the area by creating a fake house number and operating a nursery on the site. Despite multiple attempts by the GHMC to reclaim the land, unauthorized structures…

IndustryLatest Stories

Nazul Land Amnesty Extended; 5,000 Leaseholders in Nagpur Gain

Representative image created by AI NAGPUR: The state government has extended the special amnesty scheme for nazul lands leased for residential purposes in Nagpur and Amravati divisions for an additional year. An order from the revenue and forest departments on Tuesday announced the extension from August 1, 2025, to July 31, 2026. This scheme affects around 12,000 nazul plots in Nagpur, with about 8,000 allocated for residential use, benefiting approximately 5,000 leaseholders in the city. Under the scheme, leaseholders can convert nazul lands into freehold property at a reduced conversion fee. Although a June 2019 order allowed conversion at 5%…

Latest StoriesResidential

Noida: 120+ families ordered to leave Janta flats post-collapse

Representative image created by AI NOIDA: Authorities have advised nearly 130 families residing in Janta and EWS flats in Sector 31 to vacate their homes after a roof collapse highlighted the dire structural issues stemming from years of water seepage, neglect, and unauthorized renovations. On Sunday evening, rain exacerbated by years of neglect led to the roof of a second-floor flat collapsing, largely due to the additional weight of three overhead water tanks. Kuldeep and Savita Dixit, who live in the affected two-bedroom unit with their three young children, were home when the ceiling fell in. Savita recounted, “It sounded…

InfrastructureLatest Stories

Chandigarh Power Co. Threatens to Cut Power to 805 Homes

Representative image created by AI CHANDIGARH: Chandigarh Power Distribution Limited (CPDL) has issued disconnection notices to 805 homeowners in Chandigarh due to unauthorized constructions too close to electric poles and overhead power lines. These violations include extended buildings, protruding balconies, boundary walls, and encroachments that directly impact electrical infrastructure. After CPDL took over the city’s power distribution in February 2025, a thorough survey was conducted across multiple localities, including villages and colonies, to identify safety violations. CPDL officials reported that violations were found in various areas, leading to the issuance of notices in Sector 25, Bapu Dham Colony, Sector 26,…

InfrastructureLatest Stories

Lucknow Expands: Six Districts to Join Capital Region

Representative image created by AI LUCKNOW: The city is gearing up for significant expansion with the introduction of the state capital region (SCR) project, inspired by Delhi-NCR. A comprehensive 380-page report has been prepared and submitted to the Lucknow Development Authority (LDA), which will forward it to the state government for approval. The SCR initiative encompasses six districts—Lucknow, Unnao, Rae Bareli, Barabanki, Hardoi, and Sitapur—aiming for integrated development that bolsters the capital while ensuring balanced growth in surrounding areas, making it competitive with capital cities across the nation. LDA officials noted that the scheme draws inspiration from the Delhi-NCR and…

Latest StoriesRegulatory

Welspun Takes NCLT Action Against Lavasa’s Bidder Valor

Representative image. MUMBAI: The Welspun Group has submitted a petition to the Mumbai bench of the National Company Law Tribunal (NCLT), pointing to past defaults in an effort to disqualify top bidder Valor Estates from the debt resolution process for Lavasa Corp, known for its ambition to establish India’s first planned hill city. This interlocutory application, filed through a Welspun subsidiary, emphasizes connections between Valor’s promoters and another delinquent, debt-ridden jeweler, which could lead to automatic disqualification under the law. The submitted plea alleges that Valor’s ineligibility stems from Section 29A of the bankruptcy code, which precludes individuals with a…

IndustryLatest Stories

Full Land Digitization to Boost FDI in Realty

Representational image The central government aims to achieve 100% digitisation of land rights records by December nationwide, which experts believe will stimulate foreign direct investment (FDI) in real estate—a sector often hindered by land acquisition challenges. Commercial real estate, including offices, logistics, and data centres, is expected to experience more efficient land acquisition processes, while the residential sector is likely to thrive as clearer titles boost mid-range and luxury developments in locations like Gurgaon and Chennai. “These reforms are crucial for unlocking significant foreign investment and promoting sustained growth in Indian real estate. By digitising records, we can expedite land…

Latest StoriesResidential

Anil & Harsh Varrdhan Kapoor Purchase ₹5 Crore Mumbai Flat

NEW DELHI: Anil Kapoor and his son Harsh Varrdhan Kapoor have purchased an apartment in The Smoky Hill CHS located in Bandra West, Mumbai, for ₹5 crore. The apartment boasts a built-up area of 108.25 square meters (1,165 square feet) and a carpet area of 90 square meters (970.71 square feet), according to the Inspector General of Registration (IGR) documents reviewed by Square Yards. The transaction was officially recorded in August 2025. The deal involved a stamp duty payment of ₹30 lakh and registration fees of ₹30,000, and it also comes with one garage space. Published On Aug 26, 2025…