Category: Latest Stories

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InfrastructureLatest Stories

Karnataka Housing Board Colony to Receive New Amenities Soon

File Photo HUBBALLI: Residents of Karnataka Housing Board (KHB) Amargol Phase 2 Colony have submitted a petition to the Taluk Legal Services Authority requesting better amenities in their area. KHB officials recently filed a report with the urban development department, following a TOI report that shed light on the issues, notably the delay in transferring the colony to the Hubballi-Dharwad Municipal Corporation (HDMC). The report, titled “Infrastructure Challenges Plaguing Housing Board’s Colonies,” was submitted on January 2, 2024. Earlier, the KHB had approached the HDMC for the takeover of the colony. After conducting a joint survey of the facilities, HDMC…

Latest StoriesRegulatory

Belagavi civic body raises ₹18 crore in 20 days’ tax collection

BELAGAVI: The Belagavi City Corporation (BMC) has seen a promising start in its property tax collections for the current financial year, amassing Rs 18.12 crore from April 1 to April 20, thanks to a 5% early payment rebate. This strong collection in just 20 days significantly enhances the corporation’s revenue base at the year’s outset. Officials anticipate that collections will accelerate through the end of April, as they typically spike in the final week of the month. The 5% rebate is available from April 1 to 30, encouraging taxpayers to settle their dues promptly. Civic officials have observed a noticeable…

IndustryLatest Stories

Bengaluru: City Corporations Can Buy Properties for Tax Recovery

BENGALURU: As property tax defaulters continue to disregard multiple notices and auction alerts, the Greater Bengaluru Authority (GBA) is considering a new strategy. Officials are looking into the option of municipal corporations buying these properties at their guidance value to recoup overdue taxes. In the past, legal actions such as issuing demand notices, seizing properties, and conducting public auctions have been implemented to recover debts. However, despite these efforts, few property owners opted to comply, and auctions often attracted no bidders, resulting in unmet revenue expectations. Consequently, authorities are now contemplating the direct acquisition of properties as a last resort.…

InfrastructureLatest Stories

Mayor Requests Pollution List of Housing Societies in 7 Days

PUNE: Mayor Ravi Landge of Pimpri Chinchwad has instructed the civic environment department to identify housing societies discharging untreated sewage into nullahs within seven days and to take strict action against them. This directive came after reports indicated that effluents from residential complexes and a private educational institute were polluting the Pavana river. Mayor Landge visited Kiwale on Tuesday, where he emphasized that all sewage treatment plants (STPs) within housing societies must be fully operational. He issued a warning of legal action against housing societies and institutions failing to comply with pollution control regulations, stating, “Even officials negligent in enforcement…

InfrastructureLatest Stories

6,500+ Homes Cleared in Gurugram’s 5-Day Encroachment Drive

File Photo GURUGRAM: The five-day anti-encroachment initiative concluded on Wednesday, resulting in opened roads, removal of kiosks, and dismantling of boundary walls in some of the city’s most notable colonies. However, the operation highlighted significant divisions among residents. While many praised the reclamation of public spaces and broader roadways, others questioned the abruptness of the actions and the inconsistencies in enforcement. Teams from the town and country planning department executed demolitions across DLF Phase 1, Phase 2, and various licensed colonies, targeting encroachments on roadways, green belts, and public areas. Officials called it one of the most extensive operations in…

InfrastructureLatest Stories

FIR Filed Against Four for Building on Noida Airport Land

NOIDA: An FIR has been filed against four individuals for allegedly constructing illegal structures on land designated for the Noida International Airport expansion in Jewar, despite an official ban on new construction and transactions. The FIR was registered after lekhpal Niranjan Mishra conducted an inspection in Mukimpur Shiwara, roughly 4km from the airport site, and discovered extensive unauthorized constructions. This village is within the third phase of the airport project, which was officially announced by the state government on April 11 of the previous year. Mishra indicated that the affected land includes several villages, such as Rohi, Parohi, Banwaribas, Ramner,…

InfrastructureLatest Stories

Bihar Cabinet Greenlights Satellite Towns and ITI Revamp

PATNA: In the inaugural cabinet meeting led by Chief Minister Samrat Choudhary on Wednesday, three major proposals were endorsed. These include the creation of 11 satellite townships with new names, the establishment of a research park at IIT-Patna to transform it into a technology hub for Eastern India, and the upgrading of 75 industrial training institutes (ITIs) to enhance the skill set of youth. The cabinet also approved an additional 19 proposals, as stated by cabinet secretariat department’s additional chief secretary (ACS) Arwind Kumar Choudhary. For the 11 satellite townships surrounding key cities, urban development and housing department principal secretary…

Latest StoriesRegulatory

Ghaziabad Forum Orders Builders to Refund Buyer ₹7 Lakh

GHAZIABAD: The District Consumer Disputes Redressal Commission has ordered two real estate developers to refund a total of ₹7 lakh, plus interest, to a homebuyer. This ruling was made after the buyer did not receive possession of a flat booked back in 2008 due to significant project delays. The commission has also imposed a ₹10,000 penalty on each developer—Ghaziabad-based M/s Shreya Developwell Private Limited and Delhi-based M/s Sangwan Heights Private Limited—requiring compliance within 30 days. The ruling, delivered on April 17 by Commission President Anil Kumar Pundir and members Shailja Sachan and RP Singh, stems from a complaint filed by…

Latest StoriesRegulatory

Allahabad HC Halts Uttar Pradesh Housing Land Acquisition Plans

LUCKNOW: The Allahabad High Court’s Lucknow bench has temporarily halted the land acquisition proceedings for various projects initiated by the Uttar Pradesh Awas Evam Vikas Parishad (UPAEVP) in Ayodhya. The court has instructed all involved parties, including the state government and district authorities, to maintain the current conditions at the disputed sites. The next hearing is scheduled for Thursday. A division bench, including Justices Rajan Roy and Manjive Shukla, issued the order in response to a batch of 11 writ petitions. During the hearing, the petitioners completed their arguments, but representatives from the housing and urban development department, the Ayodhya…

CommercialLatest Stories

Brookfield India REIT Secures ₹2,600 Crore in Placement

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has successfully raised around ₹2,600 crore through an institutional placement of units, which includes a ₹1,125 crore investment from 360 ONE Asset in one of its prominent office assets located in Bengaluru. According to a regulatory filing, the REIT allocated over 8.04 crore units to eligible institutional investors at an issue price of ₹323 per unit, which is a 2.1% discount compared to the floor price of ₹329.94 per unit. In another development, Arliga Ecoworld Business Parks, a special purpose vehicle (SPV) of Brookfield India REIT, completed the equity shares…