Category: Latest Stories

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Latest StoriesRegulatory

Thane Offers 90% Penalty Relief for Property Tax Defaulters

THANE: The Thane Municipal Corporation (TMC) has launched a new scheme granting a 90% penalty relief for property tax defaulters to help settle outstanding tax amounts. According to Thane mayor Sharmila Pimplolkar, the decision followed consultations with Deputy Chief Minister Eknath Shinde and Municipal Commissioner Saurabh Rao, aimed at reducing the financial burden on defaulters. “Under this initiative, residential property owners who clear their pending taxes will only need to pay 10% of the penalty, while the remaining 90% will be waived,” an official stated. Currently, TMC faces Rs 308 crore in tax arrears, with Rs 191 crore expected from…

Latest StoriesRegulatory

Ludhiana body warns 43 owners over illegal constructions

Here’s a rewritten version of your content: Illustrative AI image LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) has initiated a crackdown on unauthorized constructions in the Shaheed Sukhdev Singh Nagar colony, issuing notices to 43 property owners for breaching approved building plans. Authorities report that this enforcement action follows an increase in complaints about illegal commercial developments in residential areas, especially along South City and Ayali Khurd roads. Residents have expressed concerns over rising traffic congestion and parking issues as residential properties are being converted into shops and medical facilities, such as Mahal Hospital, without government approval. Despite previous…

Latest StoriesRera

Andhra RERA Chief: Builders Must Register Projects Mandatorily

VISAKHAPATNAM: A Siva Reddy, the chairman of AP RERA, has mandated that all housing projects in the state covering an area of 500 square meters or more, or featuring more than eight apartments, must register with the AP RERA Authority. Reddy highlighted the construction sector’s significance as the second most vital economic sector after agriculture. He mentioned that awareness programs are being conducted statewide to educate both the public and builders about the RERA Act. “The Act aims to enhance the construction sector’s development while protecting and ensuring homebuyer welfare. Projects that fail to register with RERA will be subjected…

Latest StoriesResidential

Jammu & Kashmir meets 97% PMAY-G target, builds 3.23 lakh homes

JAMMU: Jammu and Kashmir has successfully completed over 300,000 houses under the Pradhan Mantri Awas Yojana-Gramin, reaching 97% of its target, as reported by officials on Sunday. Mohammad Aijaz Asad, Secretary of the Rural Development and Panchayati Raj Department, has urged officials to expedite construction for the remaining 11,340 houses under the scheme. In a meeting focused on reviewing the progress of PMAY-G in the Union Territory, he noted that the current phase of the initiative is nearing its conclusion, and all sanctioned projects must be finished without delay before the new phase commences. According to the meeting, 323,299 houses…

IndustryLatest Stories

Telangana Yet to Establish Municipal Tribunal Despite HC Order

HYDERABAD: A decade ago, the Telangana government planned to establish the Municipal Building Tribunal (MBT) to address building-related issues, particularly unauthorized structures. Nearly four years ago, in April 2022, the state government informed the Telangana High Court that the tribunal would be organized within four weeks. However, it remains unestablished amid a surge of unauthorized constructions in the state, especially in Greater Hyderabad. GHMC officials report that approximately 6,000 cases are pending in various courts, with 80% related to illegal buildings. Many owners or builders have secured stay orders, hindering the town planning wing from demolishing these structures. In the…

CommercialLatest Stories

Maharashtra to establish IT park near Purandar airport

Representative AI image PUNE: On Friday, the state government announced plans to establish a new IT park near the upcoming greenfield international airport in Purandar taluka. The IT sector has welcomed this initiative, following the announcement by state industries minister Uday Samant in the assembly. However, experts urged the government to avoid repeating past infrastructure errors seen at the Hinjewadi IT park. The project, which has been discussed for the past couple of years, was confirmed in the assembly after finalizing the land for it. Samant noted, “Although the land transfer from the revenue department to MIDC is pending, we…

IndustryLatest Stories

NBCC to Launch ₹480 Crore Marine Eco City Phase-I in Kochi

I imagine a peaceful, sustainable Marine Eco City, where contemporary architecture blends beautifully with a turquoise waterfront. NEW DELHI: NBCC (India) is set to manage the first phase of the Marine Eco City project at Marine Drive in Kochi, serving as the project management consultant (PMC) for the Kerala State Housing Board (KSHB). The initial phase is estimated to cost approximately ₹480 crore. The Marine Eco City project will span 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive. It is designed as a mixed-use development, integrating residential, commercial, and hospitality elements. NBCC will oversee the…

IndustryLatest Stories

Gurugram Developers, RWAs Must Submit Structural Safety Reports

GURUGRAM: The district administration is organizing a meeting with developers and representatives from various residents’ welfare associations (RWAs) to discuss complaints regarding the lack of implementation of recommended repairs from structural audit reports of residential buildings. The meeting will be chaired by Deputy Commissioner Ajay Kumar on March 17, as stated by officials from the Department of Town and Country Planning (DTCP). Developers and RWA representatives have been instructed to present status reports on the actions taken so far. According to DTCP, residents have raised concerns that the repair and strengthening recommendations made in structural audits of several group housing…

IndustryLatest Stories

Kochi: Bliss City Project Finally Set to Launch

Representative AI image KOCHI: After years of planning and a strategic alliance with the National Buildings Construction Corporation (NBCC), Kochi Metro Rail Ltd (KMRL) is set to launch its ambitious Bliss City project. This 31.43-acre mixed-use development in Kakkanad is transitioning from a mere concept to an active construction site, following the recent leasing of the first land parcels. “We have officially leased 3.41 acres of prime land to investors, with development work expected to begin soon. The initial phase will feature a unique design that integrates commercial spaces, shopping, and entertainment facilities. Additionally, a secondary parcel of 1.62 acres…

Latest StoriesRera

Telangana RERA Fines Bharathi Builders ₹4.7 Crore for Pre-Sales

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG-RERA) has taken significant action against unlawful pre-launch sales of residential projects, imposing a landmark penalty of ₹4.7 crore on a local builder—marking the highest fine of its kind in the state. This decision was prompted by numerous complaints from distressed homebuyers who claimed they lost investments in the project. According to TG-RERA’s order, Bharathi Builders Pvt Ltd raised “substantial amounts” from buyers through pre-launch promotions for its project, ‘Bharathi Lake View Apartments’ in Kompally, in 2021, without securing the necessary registration under the Real Estate (Regulation and Development) Act. At the time…