Category: Latest Stories

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Latest StoriesRegulatory

Mumbai Court Acquits Builder in 44-Year-Old FSI Case

MUMBAI: A special court has acquitted a builder from the city in a 44-year-old case for allegedly manipulating land measurement records to secure a higher Floor Space Index (FSI). The decision was made due to insufficient evidence. Judge Shayana Patil, who presides over cases under the Prevention of Corruption (PC) Act, determined that the prosecution had not substantiated any charges against Chaitanya Laxmidas Vora, the only remaining defendant in this trial. The case against his co-defendants, maintenance surveyor Kedu Pandurang Bhalerao and builder Laxmidas Hargovinddas Vora, was dismissed after their deaths in 2024. Three other individuals named in the initial…

IndustryLatest Stories

Chikkamagaluru Villagers Denied Govt. Schemes Lacking Documents

Representative AI image CHIKKAMAGALURU: Many homes in Narasimharajapura taluk lack property documentation and e-Khata, leaving villagers without access to various government benefits. The taluk includes 14 gram panchayats and one town panchayat. According to revenue records, there are 22,738 residences within the gram panchayat limits, but e-Khata has only been issued for 7,274 of these homes. Under Section 94C of the Karnataka Land Revenue Act, 11,432 applications have been submitted in rural regions; of these, 1,422 have been approved and 9,044 rejected, with a total of 10,496 cases resolved and 936 still pending, as reported by revenue officials. Within the…

Latest StoriesResidential

Rajaji Nagar housing project nears occupancy, awaits final utility

THIRUVANANTHAPURAM: The first phase of the Rajaji Nagar rehabilitation housing project is nearing completion, with a new apartment block ready for occupancy pending only a water supply connection from KWA. The power connection from KSEB has already been established, allowing the city corporation to commence the allotment process. Officials anticipate that the first group of families will move into the new flats by the second week of August. Implemented by Smart City Thiruvananthapuram Ltd (SCTL) under the Smart Cities Mission, this project represents a significant advancement in the redevelopment of Rajaji Nagar, one of the oldest and most densely populated…

Latest StoriesResidential

Patna Civic Body Launches Property Tax Drive for All Flats

PATNA: The Patna Municipal Corporation (PMC) announced a citywide initiative on Tuesday to incorporate all flats in multi-storey buildings into the property tax system. Apartment secretaries and management committees have been requested to supply detailed information about each flat to enable a precise tax assessment. Officials emphasized that this initiative seeks to identify properties either not included in the tax net or underreporting their tax obligations. This effort is expected to enhance revenue collection and to establish a comprehensive database of residential properties in the city. The PMC has devised an action plan across all circles. As part of this…

Latest StoriesRegulatory

Bhubaneswar to Act on Building Violations Before SC Hearing

Representative AI image BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) is set to activate its enforcement squads to address deviations from approved building plans. This move is significant as the corporation is due to submit its action report on unauthorized constructions to the Supreme Court on August 4. According to officials, the planning wing of BMC will conduct inspections to identify violations such as unauthorized additional floors, encroachments on required setback areas, and alterations to sanctioned building plans. Enforcement squads will recommend actions based on their findings, following the applicable building laws. Sridhar Jena, chairman of BMC’s planning and development standing…

Latest StoriesResidential

Maharashtra: Housing Societies Gain Binding Governance Reforms

Representative AI image MUMBAI: Maharashtra has instituted a major reform in cooperative housing society governance with amendments to the Maharashtra Co-operative Societies Rules, 1961, implementing numerous member-oriented changes set to impact thousands of apartment owners across Mumbai, the MMR, and the state. While the focus has been on self-redevelopment and reduced penal interest on maintenance dues, several crucial governance reforms have flown under the radar. The new Rules, effective from June 18, lower the minimum number of members required to establish a cooperative housing society from 10 to five. They also introduce a formal name reservation process for proposed societies,…

Latest StoriesResidential

Ghaziabad: 307 Societies Receive Notices for Missing Power Audits

GHAZIABAD: The power department has sent notifications to 307 housing societies throughout the city for neglecting to submit mandatory annual electricity audit reports. This action is part of an effort to regulate common-area power usage and prevent Resident Welfare Associations (RWAs) and Apartment Owners Associations (AOAs) from overcharging residents. The audit encompasses electricity used in shared facilities, including lifts, lobbies, basements, parking areas, clubhouses, and street lighting. Approximately 350-360 housing societies in the district are required to submit these annual reports, yet only 53 have complied to date. Executive Engineer (Trans-Hindon) Amit Jha noted that the department initially provided societies…

Latest StoriesResidential

BMC Approves 126 Tree Removal for Powai SRA Project; 4K Homes to PAP

Representative AI image MUMBAI: On Tuesday, the BMC’s Tree Authority approved a proposal to cut down 126 trees for a slum rehabilitation project at Hiranandani Udyan in Powai. The decision followed the developer’s commitment to provide over 4,000 free rehabilitation flats for those affected by various infrastructure projects led by the Mumbai Metropolitan Region Development Authority (MMRDA) and the Slum Rehabilitation Authority (SRA). The proposal presented to the Tree Authority requested permission to remove trees obstructing construction on plots 23A (Part), 26A (Part), and 27 (Part), now bearing New Plot Number 23/9/2, located in Powai village, Kurla taluka. The application…

IndustryLatest Stories

Credai Calls for Double Soil Report Verification After Tower Tilt

Representative AI Image BENGALURU: Following the recent incident of a tilted apartment tower that revealed shortcomings in a geotechnical investigation report, the Confederation of Real Estate Developers’ Associations of India (Credai)-Karnataka chapter has proposed double verification of soil investigation reports as a best practice in its developers’ handbook. The recommendation is advisory and not mandatory, encouraging members to adopt it. Developers will be urged to have geotechnical investigation reports independently reviewed prior to foundation work to reduce errors in soil assessments, crucial for structural design and foundation planning. According to Credai officials, the handbook is regularly updated based on industry…

Housing FinanceLatest Stories

SC criticizes CBI, Delhi Police for Indiabulls probe silence

NEW DELHI: On Tuesday, the Supreme Court expressed strong disapproval of the Central Bureau of Investigation (CBI) and the Delhi Police’s Economic Offence Wing (EoW) for their inaction regarding allegations of dubious transactions involving Indiabulls Housing Finance Limited (IHFL). The court termed their lack of action “shocking” and indicated a possible “quid pro quo”. A bench consisting of Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana criticized the CBI for failing to respond to previous directives regarding the registration of a regular case and not providing a status report on the ongoing investigation. “Due to CBI and…