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Latest StoriesRegulatory

SC-appointed amicus requests MCD action on illegal constructions

NEW DELHI: An amicus curiae appointed by the court has approached the Supreme Court with requests for directions, including an affidavit from the Municipal Corporation of Delhi (MCD) detailing the survey and actions taken against illegal constructions in the capital. This plea comes in the wake of the collapse of a purportedly illegal five-storey building in Saidulajab, which resulted in six fatalities and at least 14 injuries on May 30. On March 25, a bench featuring Justices Ahsanuddin Amanullah and R Mahadevan expressed serious concern regarding the widespread violations of building regulations and the municipal authorities’ failure to curb unauthorized…

Latest StoriesResidential

Govt Offers One-Time Relief on OCs for Bengaluru Homeowners

BENGALURU: The Karnataka government has issued a directive exempting residential buildings up to Ground plus three floors or stilt parking plus four floors, built on plots of up to 2,400 sq. ft, from obtaining occupancy certificates for electricity connections within GBA limits. The order, dated June 5, follows the decision made at the first cabinet meeting chaired by Chief Minister D K Shivakumar on June 3. This one-time exemption applies to buildings, allowing for a 20 percent variation, as long as they were completed and applied for electricity connections by May 31, 2026, according to the order. To confirm completion…

Latest StoriesResidential

Karnataka Gives Homes to 427 Families in Madikeri

MADIKERI: The Karnataka state government is committed to uplifting the underprivileged by providing essential facilities for a dignified life, stated Virajpet MLA A.S. Ponnanna. During an event where he distributed documents to beneficiaries of the Basava and Ambedkar Housing Scheme across 18 gram panchayats in Madikeri taluk, Ponnanna noted that the previous housing minister, Zameer Ahmed, initiated housing provisions under these schemes. Thanks to the cooperation of former Chief Minister Siddaramaiah and current Chief Minister D.K. Shivakumar, the district has received necessary funding for house construction. According to the executive officer of the Madikeri Taluk Panchayat, Shekhar, the government has…

IndustryLatest Stories

RWA Pushes for Fire Safety Audits in Noida Hotels and Highrises

NOIDA: Following the recent fire incidents in Noida and Delhi, the Federation of Noida Residents Welfare Associations (FONRWA) has reached out to the GB Nagar police commissioner, urging immediate measures to enhance fire safety standards in the city. The federation is requesting a thorough inspection of hotels, guest houses, and paying guest accommodations, along with the verification of Fire No Objection Certificates (NOCs) in high-rise residential and commercial buildings. They are also demanding action against illegal constructions, the improper use of basements, and breaches of approved building plans. “The recent fire tragedies in Delhi and Noida should act as a…

IndustryLatest Stories

Arnya Realestates Fund Invests ₹1,000 Crore in 11 Projects

MUMBAI: Arnya Realestates Fund Advisors, a real estate investment manager, has allocated over Rs 1,000 crore to various residential projects across India via its inaugural debt fund and direct investments. This move reflects the growing trend of alternative investment funds increasing their presence in the housing sector. The investments comprise 11 transactions that span five key locations including Mumbai, Pune, Bengaluru, Chennai, and Hyderabad. Key developers involved in these projects include Casagrand, MAIA Estates, Gami Group, and Vaishnavi. Many of these projects are at advanced approval stages, while some have already started sales in critical residential markets like Bengaluru. The…

CommercialLatest Stories

Incuspaze Purchases iKeva

NEW DELHI: Incuspaze, a provider of managed workspaces, has completed a 100% acquisition of iKeva, a workspace operator with locations in Hyderabad and Bengaluru. This strategic move is expected to contribute approximately ₹100 crore to the company’s revenue. iKeva operates 18 centers, totaling five lakh square feet across Hyderabad and Bengaluru. Incuspaze plans to expand its office space by an additional five lakh square feet by FY27. The company aims for a revenue target of ₹1,000 crore by FY28–29 and is set to prepare for an IPO within the next 24 to 36 months. Published On Jun 8, 2026 at…

Latest StoriesResidential

Greater Noida orders audit of Arihant Amber after biker’s death

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has announced a structural audit of the Arihant Amber building in Noida Extension following the tragic death of a 46-year-old resident, who was killed when a concrete fragment fell from an overhead beam while he was riding his bike. “The Authority will perform a structural audit of the building and act according to the findings,” stated Saumya Srivastava, additional CEO at GNIDA. The victim, Vikas Chawla, resided in Tower D (flat 1507) with his family. The accident occurred around 4 PM on Saturday as he exited the parking area. AOA president Tushar…

InfrastructureLatest Stories

Chandigarh Revises Tender Rules to Boost C&D Plant Bidders

Representative AI image CHANDIGARH: After three unsuccessful attempts to find bidders, the municipal corporation (MC) has revised its tender conditions and issued a new bid to operate the Construction and Demolition (C&D) waste plant under a revenue model, aiming to attract interested parties. These adjustments were made following a pre-bid meeting aimed at understanding the lack of interest from firms in previous tenders. “Based on the feedback received, we have implemented minor alterations to the terms and conditions. The new tender has been released and will be opened soon. We are optimistic about receiving responses this time,” said MC sources.…

InfrastructureLatest Stories

Delhi CM: Zero Tolerance for Unauthorized Construction

NEW DELHI: Chief Minister Rekha Gupta announced on Saturday that the Delhi government’s revenue department has inspected 124 sites across various districts and issued multiple notices to tackle illegal construction activities. This initiative comes in the wake of a tragic fire incident in Malviya Nagar that resulted in 21 fatalities and numerous injuries. Gupta emphasized that the government is implementing a “zero-tolerance” policy towards unauthorized constructions, encroachments, and violations of fire safety regulations. “We are not just taking immediate action but also establishing a long-term mechanism to prevent such hazardous constructions in the future. The government is also considering the…

InfrastructureLatest Stories

Telangana Selects Singapore Firm for Future City Plan

HYDERABAD: In a significant development for Telangana’s Bharat Future City (BFC), the state government has appointed Singapore-based DP Architects as the consultant to craft the master plan for the Future City Development Authority (FCDA). After evaluating bids from six firms, DP Architects was selected as the lowest bidder, with the formal contract to be awarded during the inauguration of the BFC office in Meerkhanpet on June 10, according to official sources. The appointed consultant is expected to finalize the master plan within nine months. The FCDA’s focus will initially be on 30,000 acres out of a total area of nearly…