Category: Latest Stories

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Latest StoriesResidential

Coastal Realty Faces 3BHK Apartment Shortage

MANGALURU: Real estate professionals along the coast are raising concerns about a growing disparity between the expectations of homebuyers and the offerings from developers. The most significant shortfall is evident in the demand for 3BHK apartments priced at Rs 1 crore or below, although certain segments of 2BHK and premium properties are witnessing an oversupply. DB Mehta, president-elect of CREDAI Karnataka, noted that buyers have shifted their preferences towards larger homes post-pandemic. However, new developments have not aligned with these preferences. “The most pronounced mismatch exists in the sub-Rs 1 crore 3BHK segment, where demand remains robust, but the inventory…

Latest StoriesResidential

Godrej Properties Secures 23.2 Acres in Greater Noida Auction

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 23.2-acre (93,905 sq meters) residential land parcel in Greater Noida’s DMIC integrated township through an e-auction overseen by DMIC Integrated Industrial Township Greater Noida. The company intends to develop a residential housing project on the land, projected to generate revenue exceeding ₹7,000 crore. Recently, GPL partnered with Tata Projects for core and shell construction work across three upcoming projects located along Golf Course Road in Gurugram. The total contract value is around ₹1,100 crore. Published on Jun 1, 2026, at 08:12 AM IST Join a community of 2M+…

Latest StoriesRegulatory

Telangana HC Queries HYDRAA on Unnotified Kokapet Demolitions

HYDERABAD: The Telangana High Court challenged HYDRAA regarding the demolition actions taken at ZRESTA Villas in Kokapet, which were conducted without prior notice. Interim orders were issued to maintain the status quo. Justice Nagesh Bheemapaka, during a hearing of a house motion from the petitioners, deemed it inappropriate to demolish structures without notice, especially when the land was under litigation. According to the petitioners, the ZRESTA Villa Owners Maintenance Mutually Aided Cooperative Society, claims that HYDRAA personnel unlawfully entered the property on May 26 and removed the compound wall unexpectedly. In response to the demolition, the petitioners submitted a house…

Latest StoriesRegulatory

ED to Record Jaipur Farmers’ Claims of Land Grab by Developers

JAIPUR: The Jaipur branch of the Enforcement Directorate (ED) has summoned multiple farmers on June 3 as part of an investigation into alleged money laundering and fraudulent land aggregation, according to officials. The farmers have accused real estate developers of unlawfully seizing their ancestral agricultural land by misusing powers of attorney. The ED plans to record the farmers’ statements and collect documents related to these transactions. Farmers from the Sanganer region, including Jaisinghpura, have stated that although they legally sold their land years ago and received full payment, they later found that ownership rights were purportedly altered without their consent.…

InfrastructureLatest Stories

Ulhasnagar Prepares for Rain with 283 Risky Buildings

The Ulhasnagar Municipal Corporation has conducted a pre-monsoon survey that uncovered 283 hazardous buildings throughout the city. Out of these, six have been labeled as extremely dangerous and uninhabitable, leading to prompt evacuation efforts by civic authorities to avert any disasters during the monsoon season. The survey results are alarming: 34 buildings are earmarked for evacuation and significant repairs, while 227 require urgent attention, leaving only 16 buildings categorized as needing minor repairs. Adding to the concern, 144 buildings lack structural audit reports, which hampers the officials’ understanding of the safety and stability of numerous aging structures. A detailed breakdown…

IndustryLatest Stories

Chandigarh to Permit Industrial Plot Split for Four Kanal Units

Representative Image CHANDIGARH: The UT administration has proposed that fragmentation will only be allowed for industrial plots measuring 4 kanal and larger, as detailed in a draft released on Friday for public feedback. The administration aims to introduce a comprehensive framework for fragmentation under the proposed amendments to the Chandigarh Master Plan (CMP)-2031, which focuses on promoting sustainable and regulated development. A thorough guide will be provided to ensure the process is not misused. According to the proposal, plots with a width of less than 60 feet will not be eligible for fragmentation. For plots measuring 4 kanal and above,…

IndustryLatest Stories

Chennai to Issue Building Permits in 27 Days

CHENNAI: To combat bribery and reduce bureaucratic delays, the Greater Chennai Corporation (GCC) has mandated that the town planning department issue planning permissions and building permits within a maximum of 27 days. Officials are prohibited from summoning applicants, architects, or engineers during the application review. According to GCC commissioner Dr. G S Sameeran, this initiative aims to ensure timely service delivery, minimize delays, and enhance transparency for the public. The GCC has the authority, delegated by the Chennai Metropolitan Development Authority, to approve building permits for residential buildings up to two stories and commercial buildings up to three stories, as…

IndustryLatest Stories

Pay Property Tax by May 31 to Get Rebate: Chandigarh Civic Body

CHANDIGARH: The municipal corporation made a final appeal on Saturday to all residential and commercial property owners to pay their property tax by May 31 — the deadline for availing rebates during the current assessment period. Property owners are entitled to a 20% rebate on residential property tax and a 10% rebate on commercial property tax if paid by the deadline. Municipal Commissioner Amit Kumar encouraged taxpayers to either use the online payment system or visit Sampark centres to settle their dues and benefit from the rebates. He emphasized that timely payments not only save money but also facilitate the…

Latest StoriesRegulatory

Calcutta HC Halts Tiljala, Kasba Building Demolition for a Month

KOLKATA: On Friday, the Calcutta High Court put a temporary hold on demolition notices issued to several buildings in Tiljala and Kasba for the next 30 days. The court has instructed the Kolkata Municipal Corporation (KMC) to conduct a hearing that includes both unauthorized building owners and their tenants. “In the event of a demolition notice for unauthorized constructions, both tenants/occupants and building owners must be given a chance to be heard,” the High Court stated while maintaining ‘status quo’ in a series of cases challenging the KMC’s demolition orders. The KMC commissioner has been mandated to provide an opportunity…

IndustryLatest Stories

MHADA Spots 82 Unsafe Buildings in Mumbai Island

NEW DELHI: The Mumbai Building Repairs and Reconstruction Board of the Maharashtra Housing and Area Development Authority (MHADA) has identified 82 highly hazardous cessed buildings on Mumbai city island through its annual pre-monsoon inspection. This year, 43 of these buildings were previously marked as dangerous last year. In total, 2,736 individuals reside in these structures, comprising 2,256 residential and 480 non-residential occupants. Notably, the board has issued eviction notices to 176 residential occupants, commanding them to vacate. Out of these, 29 tenants have been relocated to MHADA transit camps, while 36 have secured alternate housing. The eviction process for the…