Category: Latest Stories

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InfrastructureLatest Stories

Thane Civic Body to Survey Unauthorized Structures in Yeoor

Sure! Here’s a rewritten version of the content: Representative image created by AI THANE: On Monday, Thane Municipal Commissioner Saurabh Rao mandated a thorough survey of all unauthorized residential and commercial constructions in the environmentally sensitive Yeoor area adjacent to Sanjay Gandhi National Park, set to be completed within a month. This decision addresses escalating concerns from locals and activists regarding the surge in illegal commercial activities—such as weddings, parties, and dining events—resulting in excessive noise and disturbances late into the night, all of which are prohibited in this eco-sensitive zone. Reports have indicated a decrease in animal sightings as…

Latest StoriesRegulatory

Nashik Civic Body Gathers ₹100 Crore in Property Tax Q2

NASHIK: The Nashik Municipal Corporation (NMC) achieved a property tax collection of Rs 100 crore in the April-June quarter of the 2025-26 financial year, a slight decline from the Rs 106 crore collected in the same period last year. Officials credit the collection to rebates of 6-8% for early tax payments. NMC offers various rebates for timely property tax payments: an 8% discount for payments made in April-May, 6% for June, and 3% for July, with the incentive program ending on July 31. Additionally, a 1% concession is available for online payments. Last year, NMC informed taxpayers through messages about…

IndustryLatest Stories

Adani Group Makes Unconditional Bid for Jaiprakash Associates

MUMBAI: The Adani Group has emerged as the sole bidder without conditions in the acquisition race for Jaiprakash Associates, submitting an offer of ₹12,600 crore during the ongoing insolvency proceedings. Competing bidders such as Dalmia Bharat, Vedanta, Jindal Power, and PNC Infratech have linked their proposals to resolving a significant land dispute related to the Gautam Buddh Nagar Sports City project, which is currently before the Supreme Court. Jaiprakash Associates has garnered five bids, with Dalmia Bharat leading the pack with an offer of ₹14,600 crore, inclusive of the disputed land parcel. However, should the land conflict remain unresolved, Dalmia’s…

Latest StoriesResidential

300+ Defaulters Risk Losing Lucknow Development Flats

LUCKNOW: The Lucknow Development Authority (LDA) is set to cancel the allotments of 338 defaulters from various housing schemes due to their failure to pay the full amount for their flats. Some allottees have contributed as little as 40%. Final notices are being issued, followed by the revocation of these allotments. The vacated units will be offered for sale through a ‘first come, first served’ method and an e-auction. Preparations are also in progress to open registration for 72 under-construction EWS (Economically Weaker Section) flats in Dalibagh. Constructed at a cost of Rs 5.5 crore on a 2,314 sq metre…

CommercialLatest Stories

Nagpur: 158 of 212 MahaMetro Commercial Spaces Remain Vacant

Representative image created by AI NAGPUR: MahaMetro is focusing on maximizing its commercial properties to enhance non-fare revenue; however, a significant portion of its assets remains underutilized. Of the 212 commercial spaces across the active metro network, only 54 have been leased, leaving 158 units empty. This situation presents both challenges and opportunities for the transit authority, according to data from MahaMetro. These commercial spaces are distributed across stations and land parcels, including approximately 140 small units, 40 larger properties, and various kiosks and shops. Despite the low occupancy rate, MahaMetro generated Rs137.81 crore in non-fare revenue for the fiscal…

Latest StoriesRegulatory

DTCP to Appoint Admins for Illegal RWAs Structures in Gurugram

GURUGRAM: On Monday, the Department of Town and Country Planning (DTCP) demolished an illegal structure constructed by the previous Residents’ Welfare Association (RWA) of Suncity Avenue, Sector 102. Officials stated that the makeshift structure, situated at the rear of the society, was used for religious activities. “The illegal construction came to our attention following formal complaints from residents. After verification, we issued a demolition order in accordance with the law,” explained Amit Madholia, the district town planner (enforcement). The authorities pointed out a growing trend of RWAs engaging in unauthorized constructions within common areas of housing societies. “These structures, often…

IndustryLatest Stories

No more approvals for small plot building plans in Prayagraj

PRAYAGRAJ: For those looking to build homes in Prayagraj, there’s good news. The Uttar Pradesh Cabinet has approved the new Building Construction and Development Byelaws 2025. This means that individuals constructing homes on plots of up to 100 sqm will no longer need to seek approval for building plans. This initiative aims to make the construction process easier and will be implemented across various development authorities, including the Prayagraj Development Authority (PDA). The new bylaws represent a significant relief for middle-class families in Prayagraj. They will no longer face a burden of approximately Rs 1.25 lakh for map approval fees,…

Latest StoriesResidential

Delhi: DUSIB to Remove Encroachments, Build Housing for Slum Dwellers

NEW DELHI: The Delhi Urban Shelter Improvement Board (DUSIB) is exploring various strategies to provide housing for the city’s slum dwellers. To this end, they will conduct a survey of the land they oversee and detect any encroachments. In a recent meeting, the DUSIB CEO instructed officials to map jhuggi jhopri clusters located on the agency’s properties and determine the extent of encroachment by each cluster, along with the number of families residing there. DUSIB engineers have been directed to deliver the report as soon as possible. An official noted that the current government has issued stringent guidelines to all…

Latest StoriesRera

Tamil Nadu RERA Bans Flashy Real Estate Ads with New Rules

CHENNAI: Real estate listings claiming plots and homes just three kilometers from Kilambakkam and two kilometers from GST Road, complete with numerous amenities, have saturated social media and highway advertisements. However, following a recent decree from TNRERA (Tamil Nadu Real Estate Regulatory Authority), builders with vague or misleading advertisements may soon face penalties. With this initiative, TNRERA has delivered a clear message to the real estate sector: deceptive advertising practices will no longer be tolerated. The era of unchecked promotional tactics is coming to an end, granting buyers the transparency they deserve. TNRERA now requires that all real estate advertisements—whether…

CommercialLatest Stories

Gujarat Sees 245 New Commercial Projects in 2024-25

AHMEDABAD: Gujarat’s commercial real estate sector is experiencing a robust revival after years of fluctuation. In 2024-25, the state celebrated the launch of 245 new commercial projects — the highest number since 2019-20’s 269 projects. Additionally, 31,520 commercial units were registered, marking a peak in post-Covid registrations, according to the latest GujRERA report. The sector saw a dramatic drop of 58% in registrations during 2020-21, the peak Covid year, primarily due to the work-from-home culture and lockdowns affecting demand. Tejas Joshi, vice-president of Credai Gujarat, stated, “Office demand plummeted sharply, with businesses in sectors like entertainment, food services, gyms, and…