Category: Latest Stories

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Latest StoriesRegulatory

Secunderabad Cantonment to Cut Water Supply for Defaulters

HYDERABAD: The Water Supply Department of the Secunderabad Cantonment Board (SCB) is set to disconnect water supply to residents with outstanding dues across eight wards in an effort to collect long-standing payments. Officials report that approximately ₹6 crore is owed to the board by defaulters. Madhukar Naik, the SCB’s Chief Executive Officer, stated, “We have exercised patience in hopes that residents would eventually pay, but due to our financial constraints, we have adopted a firmer approach. Our monthly expenditure for water procurement from the Hyderabad Metropolitan Water Supply and Sewerage Board exceeds ₹35 lakh.” SCB records indicate that out of…

InfrastructureLatest Stories

Visakhapatnam: Cherlopalikhandam Township Plan Revived After 18 Years

Representative image created by AI VISAKHAPATNAM: After nearly 18 years of challenges, the long-standing issue surrounding the Cherlopalikhandam land near Anakapalli is finally resolved. This paves the way for a 58-acre integrated township project. Initially proposed in 2007 under the land pooling scheme (LPS), the project faced delays due to complications concerning 16 acres for which owner consent was not secured. The Visakhapatnam Urban Development Authority (VUDA), now known as the Visakhapatnam Metropolitan Region Development Authority (VMRDA), identified 86 acres in Cherlopalikhandam village for a major layout in 2007 due to high public demand. Of this, 62.37 acres were private…

Latest StoriesRegulatory

Chandigarh’s ₹62 Crore Property Tax Disputes in HC

CHANDIGARH: Municipal Corporation Chandigarh officials have disclosed that the city’s top 20 property tax defaulters still owe over Rs 190 crore, with Rs 62 crore in arrear cases currently in litigation in the Punjab and Haryana High Court. Various reasons have led occupants of seven out of the top 20 properties to contest the MC’s claimed arrears, resulting in the authority’s inability to recover the dues. All contested properties are classified as commercial. According to official data from the Municipal Corporation, commercial properties in the IT Park owe Rs 45 crore in dues. The Golf Club has not paid Rs…

InfrastructureLatest Stories

PM to Launch Bengaluru’s Yellow Line Metro on August 10

BENGALURU: On Sunday, BJP leader Tejasvi Surya announced that Prime Minister Narendra Modi will visit Bengaluru to inaugurate the Yellow Line Metro on August 10. During this visit, the Prime Minister will also lay the foundation stone for Metro Phase-3. In a post on ‘X’, Surya stated, “Hon. PM Sri @narendramodi Ji’s visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South. He will not only inaugurate the long-anticipated Yellow Line Metro operations but also lay the foundation stone for Metro Phase-3—a project approved by the Cabinet in the first 100 days of his third term.”…

Latest StoriesRegulatory

Nashik Civic Body Gathers 41% of Property Tax in Four Months

NASHIK: The Nashik Municipal Corporation (NMC) has achieved significant progress in its property tax collection for the fiscal year, gathering Rs 111 crore from April to July. This amount accounts for 41% of the target of Rs 275 crore set for the 2025-26 financial year. An NMC representative noted that the positive outcomes are attributed to a new rebate plan. This initiative features discounts ranging from 3% to 8% intended to encourage prompt payment. An 8% rebate was available for those who paid their entire annual property tax in April and May, while the percentage decreased to 6% for payments…

IndustryLatest Stories

Odisha Governor Encourages Real Estate Investment in Tier II & III Cities

BHUBANESWAR: Odisha Governor Hari Babu Kambhampati has encouraged real estate developers to invest in tier II and III cities to promote balanced urbanization and sustainable development. He emphasized the importance of ethical business practices and customer-centric models to foster trust within the sector. “Odisha is at a pivotal moment, emerging as the growth hub of Eastern India. Projects like smart cities in Bhubaneswar and Rourkela, along with the Bhubaneswar-Cuttack-Puri Corridor and major industrial zones, are unlocking tremendous potential,” he noted. During an Extraordinary General Meeting (EGM) of the Confederation of Real Estate Developers’ Associations of India (Credai) held on Friday,…

Latest StoriesRera

MahaRERA Offers Physical and Virtual Hearings After HC Order

PUNE: On Saturday, the Maharashtra Real Estate Regulatory Authority (MahaRERA) announced that it provides both physical and virtual options for hearing complaints, allowing parties to appear in person upon request. This statement comes in light of a recent directive from the Bombay High Court urging MahaRERA to reinstate hybrid hearings, emphasizing that access to justice should encompass the option for physical presence. “We regularly offer physical hearings to those who choose this option. While virtual hearings are more favored, we ensure that no one is excluded from attending physically,” a senior official from MahaRERA stated to TOI. The court’s ruling…

Latest StoriesRegulatory

Allahabad HC Orders Status Quo on Ghaziabad Demolition Notice

PRAYAGRAJ: The Allahabad High Court has instructed that the status quo be upheld regarding the demolition notices issued by the Ghaziabad Development Authority (GDA) concerning alleged illegal constructions on public land. During a hearing of a writ petition, a division bench consisting of Justice Mahesh Chandra Tripathi and Justice Prashant Kumar provided the district administration and GDA additional time to outline their plans for rehabilitating the current occupants of the properties in question. The court also prohibited the petitioners from forming any third-party interests or initiating any development on the contested property. The court noted, “It is clear from the…

IndustryLatest Stories

Bengaluru: E-Khata Error Leaves Owner with Massive Tax Bill

BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) launched e-khata services at BangaloreOne centers across the city on November 11, 2024. The launch was announced by BBMP Chief Commissioner Tushar Girinath following a week-long training for the BangaloreOne staff. This initiative aims to alleviate the challenges faced by property owners and protect them from exploitation by private cyber centers, which often charge up to ₹5,000 for e-khata-related services that are now available at government centers for regulated fees. If the experience of a flat owner is any indication, property owners must be vigilant and verify their property details before uploading relevant…

CommercialLatest Stories

Ujjain IT Park Expands with Phase II Development

INDORE: The IT Park in Ujjain, currently being developed, is set to expand into phase two, which will accommodate more technology firms and startups. Madhya Pradesh Industrial Development Corporation (MPIDC) has designated a developer for the second phase, covering approximately 1.5 acres. “The plan for the second phase of the IT Park has been approved, and a developer is on board to advance the project. Our goal is to foster an ecosystem and enhance infrastructure for the IT and startup sectors. There is significant demand from tech companies for well-equipped spaces. Phase one has received a positive response, and we…