Category: Latest Stories

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Latest StoriesRegulatory

Vadodara: Man dupes 16 in ₹40 Lakh PMAY flat scam

VADODARA: The Gorwa police have initiated a cheating case against a man accused of defrauding 16 individuals by promising them flats under the Pradhan Mantri Awas Yojana (PMAY) in Vadodara. The suspect, identified as Harish Chauhan, hailing from Akota, is currently on the run. According to a complaint lodged by Varsha Pathak, a resident of Samta Road, she and her husband approached Chauhan in January 2025 while seeking to purchase a flat. Chauhan allegedly claimed to be an agent for the Vadodara Municipal Corporation (VMC) and promised them a house in Subhanpura under PMAY. When Pathak requested to view the…

InfrastructureLatest Stories

Ahmedabad: 20 Homes, 4 Shops Demolished for Road Expansion in Narol

Representative AI image AHMEDABAD: The estate TDO department of the South Zone of Ahmedabad Municipal Corporation (AMC) conducted a demolition drive on Wednesday to clear an 18m-wide road as part of Town Planning Scheme 60 in the Narol area. During the operation, 20 residential houses and four shops that were obstructing the planned road were demolished. Additional encroachments, including platforms within the designated road area, were also removed. A total of 3,510 sq m of land was cleared, facilitating the opening of a 195-metre-long road stretch. Before the demolition, the AMC had issued notices to the occupants, urging them to…

Latest StoriesResidential

Rustomjee Group to invest ₹5,800 crore in Mumbai housing project

Representative AI image NEW DELHI: Rustomjee Group is set to invest approximately ₹5,800 crore in the development of a residential project named Rustomjee Vista Bay in Parel Extension, Mumbai. The project spans 1.52 acres and is designed as a low-density, gated community featuring around 200 residences in a single tower with two wings. It will offer 2BHK and 3BHK homes with sizes ranging from 805 sq ft to 1,356 sq ft. Boman Irani, chairman and managing director of the company, stated, “Vista Bay signifies our entry into Parel Extension at a time when the area is experiencing renewed interest in…

IndustryLatest Stories

Gurugram’s Palam Vihar: Illegal Housing Units Targeted

GURUGRAM: Authorities are set to seal numerous illegally constructed dwelling units in Palam Vihar. The Department of Town and Country Planning (DTCP) has also mandated the disconnection of electricity, water, and sewer services to these properties. The director’s order emphasizes that previous actions were “insufficient” in addressing violations, requiring stricter compliance in the future. This enforcement follows a directive from the Punjab and Haryana High Court issued in May 2025, in response to a petition by local residents. The court requested that authorities investigate the situation and issue a “reasoned order within six weeks.” In light of a new representation…

Latest StoriesRegulatory

Ghaziabad Body Hits Just 50% of Revenue Goal

GHAZIABAD: The Ghaziabad Development Authority (GDA) has struggled to generate revenue from compounding fees during the fiscal year 2025-26, achieving only 50% of its target. The compounding charge is an additional fee levied by the development authority for construction that exceeds the approved layout plan, provided the deviation does not exceed 10%. According to documents obtained by TOI, GDA aimed to collect Rs 103 crore from compounding fees but only managed to gather Rs 52 crore across its eight zones. The compounding charges are approximately Rs 482 per square meter for residential units and double that for commercial properties. For…

Latest StoriesResidential

2,700+ EWS families find homes in Gurugram housing project

GURUGRAM: On Monday, a total of 2,709 EWS families received flats under the Chief Minister Housing Scheme, marking the realization of their long-held dream of homeownership. Each beneficiary will receive a 200 sq ft flat for a maximum cost of ₹1.5 lakh. The flats are part of group housing projects approved by the Department of Town and Country Planning (DTCP) and developed by private firms including Emaar, M3M, DLF, Vatika, Ireo, Sobha, and Godrej. The Haryana Urban Development Authority conducted the allotment at the Gurgaon University campus via an online lucky draw. The event was supervised by district nodal officer…

Latest StoriesResidential

Telangana to Launch Phase Two of Indiramma Housing in April

HYDERABAD: Housing Minister Ponguleti Srinivas Reddy announced in the council on Wednesday that the second phase of the Indiramma housing initiative is set to launch in April and May across the state. In response to questions, the minister stated that the Indiramma housing program will continue annually to ensure housing for the underprivileged. The objective is to construct Indiramma houses in every urban ward within the next three years. Approximately 100,000 houses are expected to be completed by March, and most of the 300,000 houses sanctioned in the first phase will be ready by June or July. Special efforts are…

IndustryLatest Stories

Karnataka Seeks Taller Building Norms Near Bengaluru Airports

File Photo BENGALURU: Deputy Chief Minister of Karnataka, DK Shivakumar, has requested the Centre to reevaluate and ease height restrictions for buildings near essential aviation facilities in Bengaluru, emphasizing their influence on urban development and real estate. Following his meeting with Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu, Shivakumar stated that the state aims to have similar building height allowances as cities like Hyderabad and Mumbai, which permit taller structures, according to a government release. “We discussed raising the building height limits in Bengaluru. Builders are hesitant to invest in premium Floor Area Ratio (FAR) because of these restrictions.…

CommercialLatest Stories

Quest Coworks buys 57,000 sq ft office in Andheri, Mumbai

Representative Image MUMBAI: Quest Coworks, a flexible workspace provider, has acquired over 57,000 sq ft of office space from Capgemini Technology Services India at Akruti Softech Park, located in MIDC’s Marol Industrial Area, Andheri (East). The transaction is valued at Rs 55.83 crore. This deal, registered on March 16, includes five office units across multiple floors of the commercial property, with a total stamp duty of Rs 3.58 crore paid by the buyer. The largest unit, measuring 11,885 sq ft on the fourth floor, was purchased for Rs 11.52 crore and incurred a stamp duty of Rs 72.38 lakh. The…

IndustryLatest Stories

CIDCO to Develop 126-Acre Industrial Township in Palghar

Representative AI image MUMBAI: The Maharashtra government’s City and Industrial Development Corporation (CIDCO) is set to create a significant industrial township in Palghar, part of a broader initiative by Mantralaya to establish a ‘Fourth Mumbai’ in the Palghar-Vadhavan-Boisar area. To facilitate this, CIDCO has called for bids from real estate companies for long-term leases of 126.6 acres of land in this developing sector of the Mumbai Metropolitan Region (MMR). The planned industrial township is expected to be centered around the future Vadhavan port, a major infrastructure project designed to serve as a critical trade and logistics hub on India’s western…