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Latest StoriesRegulatory

Panel to Investigate Illegal Transfer of 356 Tax Accounts in Indore

INDORE: The Indore Municipal Corporation (IMC) has formed a five-member committee comprised of senior officials and IT specialists to investigate the illegal transfer of 356 property tax accounts. IMC Commissioner Kshitij Singhal stated that the committee includes two experts from the Computer Emergency Response Team of the Madhya Pradesh State Electronics Development Corporation. The investigation is co-led by the IMC’s additional commissioners for Revenue and IT. The formation of the panel follows complaints about unauthorized changes to property tax accounts, which were allegedly made using the login credentials of municipal officials who previously lacked essential security measures like One-Time Password…

Latest StoriesResidential

PMAY-Gramin House Approvals Drop Sharply in Andhra Pradesh

VIJAYAWADA: New sanctions under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) in Andhra Pradesh have seen a significant decline since 2022-23, with only 515 rural houses approved over the past three financial years. Construction of previously approved houses, however, has continued at a slow pace. Data presented in the Lok Sabha by the Ministry of Rural Development indicates that Andhra Pradesh received no new PMAY-G house sanctions in 2021-22. The state was assigned 1.78 lakh houses in 2022-23, but approvals plummeted to just 11 in 2023-24 and 504 in 2024-25, with no new sanctions at all in 2025-26. Despite this decline…

Latest StoriesResidential

Cops Start Tenant Verification Drive in Bokaro

File Photo BOKARO: On Wednesday, police initiated a campaign to verify the identities of tenants within the limits of the Sector police station in the city. Officials state that this initiative aims to gather tenant information and enhance surveillance to deter criminal activities. Previous incidents revealed that cyber gangs, criminals, and Maoists had rented homes in the area. During this drive, police personnel are conducting door-to-door checks to collect essential information from residents and landlords. They have requested landlords to assist in the verification process and to visit the Sector-4 police station to finalize tenant verification procedures. Bokaro SP Nathu…

InfrastructureLatest Stories

Jaipur Metro Phase-II Construction Gets Underway

Representative AI image JAIPUR: On Wednesday, Rajasthan Chief Minister Bhajanlal Sharma laid the foundation for the Jaipur Metro Phase-2 project, calling it a significant advancement for urban connectivity in the state capital. He inaugurated the piling operations at the Sitapura metro depot and reviewed the design of the nearly 41-km-long Phase-2 corridor, according to officials. Sharma emphasized the necessity of the metro expansion for the growing city, attributing it to the “double-engine government” led by Prime Minister Narendra Modi. “The Jaipur Metro will serve as the lifeline of the city, enhancing connectivity for its residents,” he stated during his media…

IndustryLatest Stories

Gulshan Group to Invest ₹1,000 Crore in Wave City Project

Representative AI image NEW DELHI: The Gulshan Group is set to invest approximately ₹1,000 crore in the development of Gulshan Empire, a residential project located in Phase-I, Sector-1 of Wave City. The project is projected to yield sales exceeding ₹1,200 crore. Spanning 5.5 acres (22,505 sq metres), this single-phase development will feature 500 residential units distributed across six towers, each comprising 31 stories. The land was acquired last year for around ₹175 crore, as stated by Deepak Kapoor, a director of the company. Designed by DFI Architects, the project’s completion aligns with the RERA timeline slated for 2031. The company…

InfrastructureLatest Stories

Nagpur: Kanhan Metro Could Transform Skyline, Boost Development

Representative AI image NAGPUR: The planned Kanhan Metro extension is set to transform not just the transport network of the area, but also facilitate denser construction and commercial growth within 500 metres along the corridor. This approach mirrors what was implemented in phase 1 and will continue in phase 2. The government notification has given initial approval for Transit-Oriented Development (TOD) along the 1.4km extension spanning from Kanhan River to Kanhan Town. This model aims to concentrate residential, commercial, and mixed-use developments near mass transit routes, enabling more efficient living and working conditions close to Metro stations. According to the…

Latest StoriesRegulatory

NCLT Approves Aspect JV’s Rescue Plan for Radius & Deserve

MUMBAI: The National Company Law Tribunal (NCLT) has approved the resolution plan from the Aspect Group’s joint venture, Bharadvaja Buildcon LLP, for the bankrupt real estate firm Radius & Deserve Land Developers, facilitating the resolution process that began in May 2023. The corporate insolvency resolution process (CIRP) was triggered after an insolvency petition filed by IDBI Trusteeship Services. Claims exceeding Rs 3,255.82 crore were accepted, with IDBI Trusteeship Services holding the entire voting share in the committee of creditors (CoC). The resolution plan received unanimous approval from the sole CoC, represented by IDBI Trusteeship Services, with a total resolution value…

Latest StoriesRegulatory

FIR Filed Against Ansal Group and Four in ₹43 Lakh Plot Scam

LUCKNOW: The police have filed an FIR against Ansal Group and four other individuals, accused of cheating two buyers out of ₹43 lakh under the pretense of selling residential plots in Lucknow. The case was registered at the Sushant Golf City police station based on a complaint from Bhupendra Veer Singh, a resident of Sidhari in Azamgarh district. Singh claims that he and his relative, Nitin Narasaria from West Bengal, were defrauded after purchasing two plots through Ansal. As per the complaint, Bhupendra paid ₹25 lakh for a plot from Dr. Narayan Prasad and his wife, Renu, while his relative…

Latest StoriesResidential

DDA Housing Scheme: 1,200 Flats at 25% Off in Narela, Delhi

Representative Image NEW DELHI: The Delhi Development Authority (DDA) has introduced the ‘DDA Karmajeevi Awaas Yojana 2026,’ featuring a 25% discount on over 1,200 ready-to-move flats in Narela, as announced by officials on Wednesday. In celebration of the 80th Independence Day, the DDA has launched a special housing scheme tailored for serving and retired government employees, as well as working professionals. The initiative aims to enhance home ownership accessibility for professionals while continuing DDA’s mission of promoting planned urban development and inclusive growth in the capital. The scheme includes more than 1,200 ready-to-move flats available in 1BHK, 2BHK, and 3BHK…

Latest StoriesRera

Telangana RERA Directs Aparna Constructions to Deliver Flat

HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has mandated Aparna Constructions & Estates Pvt Ltd to transfer a flat in Aparna Sarovar Zicon to a new purchaser within 30 days. They noted that a registered sale deed maintains its validity presumption until overturned by a competent court. The ruling, issued on July 21, responded to a complaint from Shridevi Valluri, a Banjara Hills resident, relating to a resident of Block J in the Nallagandla project. The original buyers, Koshy Mathew and Shiney Mathew, reportedly sought financial help from Vijay Valluri. Following their failure to repay the loan, they…