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Latest StoriesRegulatory

350+ government offices owe Nagpur civic body ₹145 crore in tax

NAGPUR: While the civic authority is contemplating a 10% increase in property tax to enhance revenue, the Nagpur Municipal Corporation faces significant challenges in collecting dues from central and state government departments, which collectively owe over Rs145 crore in unpaid property tax. Out of the revised target of Rs325 crore for the current fiscal year, the municipality has thus far collected Rs215 crore, leaving approximately Rs110 crore outstanding. Despite enforcing strict penalties and initiating attachment actions against individual taxpayers, several government offices have continued to delay payments for years. This poor recovery has necessitated additional resources for the civic body…

Latest StoriesRegulatory

NCLT Approves Withdrawal of Insolvency for ATS Knightsbridge

NEW DELHI: The National Company Law Tribunal (NCLT) has sanctioned the withdrawal of insolvency proceedings against ATS Knightsbridge, a residential project in Noida, following an agreement with lenders under Section 12A of the Insolvency and Bankruptcy Code (IBC). The insolvency process, initiated by ASK Trusteeship Services under section 7 of the IBC in 2023, was formally dismissed by the NCLT’s New Delhi bench on March 13, 2026. Consequently, the Corporate Insolvency Resolution Process (CIRP), which began in April 2024, has been officially concluded. The project, developed by ATS Heights, is in the advanced stages of construction, with all five towers…

Latest StoriesResidential

Chandigarh Housing Board to Increase Charges for Resumed Properties

CHANDIGARH: The Chandigarh Housing Board (CHB) has announced a proposed increase of up to 7% in restoration charges for properties that have been resumed due to unpaid dues or building violations. Previously, these charges ranged from ₹1.50 lakh to ₹2 lakh based on the floor and category of the property. Under the new structure, the charges are set to rise by an additional ₹1 lakh to ₹3 lakh in many instances. Furthermore, the revised fees will be aligned with the current collector rates, which may significantly impact smaller or lower-category properties. CHB has indicated that the current restoration fees are…

Latest StoriesRegulatory

Vedanta Challenges NCLT Approval of Adani’s Jaiprakash Bid

NEW DELHI: The Vedanta Group, a major business conglomerate, has approached the National Company Law Appellate Tribunal (NCLAT), disputing the approval given by the NCLT to the Adani Group’s bid for acquiring Jaiprakash Associates Ltd for ₹14,535 crore. Led by Anil Agarwal, Vedanta was also contending for the acquisition of Jaiprakash Associates Ltd (JAL) via an insolvency procedure. However, in November last year, lenders approved Adani Enterprises Ltd’s resolution plan. On March 17, the Allahabad bench of the National Company Law Tribunal (NCLT) officially sanctioned Adani Enterprises Ltd’s ₹14,535 crore bid for JAL during the insolvency proceedings. JAL announced in…

InfrastructureLatest Stories

Yamuna Expressway Authority Approves ₹11,829 Crore Budget

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has approved an annual budget of Rs 11,829 crore for the fiscal year 2026-27, focusing on land acquisition and infrastructure development surrounding the new Noida International Airport. A considerable part of the budget, approximately Rs 8,000 crore, is allocated for land acquisition aimed at establishing an industrial and urban ecosystem near the airport. Additionally, Rs 2,011 crore is designated for development and construction in Yamuna City, with Rs 502 crore allocated for the airport itself and Rs 300 crore for multi-modal connectivity initiatives. The decisions were made during YEIDA’s 89th board meeting…

InfrastructureLatest Stories

Jaipur Development Body’s Expansion Lacks Benefit for Outskirts

JAIPUR: Approximately three months ago, residents of a substantial residential complex along Ajmer Road encountered a significant issue. Despite the efforts of the residents’ welfare association (RWA) to clean the complex’s sewerage tank, all attempts proved ineffective. As the complex fell outside the jurisdiction of the Jaipur Municipal Corporation, RWA members were unable to persuade the civic body to address the cleaning. Both the local panchayat and Jaipur Development Authority (JDA) informed them that they do not extend services to individual households. In Jaipur’s suburban colonies and residential projects, residents persistently grapple with a lack of essential civic amenities. Urban…

Latest StoriesRegulatory

Nashik: 439 Issued Notices for Plot Sub-Division Issues

Representative AI image NASHIK: The Nashik office of the assistant collector and sub-divisional officer (SDO) has issued revision notices to 439 individuals connected to 49 disputed land transactions, invoking Section 257 of the Maharashtra Land Revenue Code (MLRC), 1966. This action follows a revision application from the Nashik tehsildar, which has asked landholders to provide valid documentation for the alleged sub-division of their plots. These notices, dated March 18 and signed by naib tehsildar Jitendra Dhanrale, pertain to properties across various areas including Adgaon, Deolali, Wadner Dumala, Panchak, Mhasrul, Nandur Dasak, Gangapur, and Chincholi. According to additional tahsildar Amol Nikam,…

Latest StoriesResidential

Kerala Housing Board to Rebuild Uninhabitable Chottanikkara Flat

KOCHI: The Kerala State Housing Board (KSHB) is set to reconstruct a flat built under the Saphalyam housing scheme in Chottanikkara, allocating ₹2.27 crore for the project. The existing flat has become uninhabitable due to significant structural issues that emerged within four years of its construction. KSHB officials, alongside panchayat authorities, assessed the flat before initiating plans for the new construction. The three-storeyed building was designed to house 24 families and was erected between 2015 and 2020 during the UDF local body administration. It was discovered that multiple organizations, including KSHB and the local body, failed to adequately oversee the…

Latest StoriesRegulatory

Goa PCB issues notice to Vasco housing project for sewage discharge

Representative AI image PANAJI: The Goa State Pollution Control Board has issued a notice to Prabhu Violetta Phase I, a residential complex in Vasco, demanding an explanation within seven days as to why it should not face a penalty of ₹44,50,000 and ₹12,50,000 for discharging untreated sewage into the open environment. The complex has also been called to clarify why it has yet to secure valid operational consent under the Water (Prevention and Control of Pollution) Act of 1974. The Board has mandated an immediate halt to the sewage discharge, citing test results that reveal excessive levels for biochemical oxygen…

IndustryLatest Stories

Bhubaneswar: BMC Halts Builder’s Work After Resident Complaints

BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has ordered a halt to construction activities at a housing project in Nandan Vihar due to multiple complaints from the residents’ welfare association. The residents raised concerns regarding unauthorized expansions, violations of ORERA regulations, and the developer’s neglect of critical infrastructure commitments. BMC officials confirmed that the stop-work order was issued on Friday after a preliminary investigation revealed ongoing construction for the expansion block despite identified violations. A senior official from the BMC stated that inspectors have been tasked with monitoring the site to ensure compliance with the order. “In light of the grievances…