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InfrastructureLatest Stories

IISc Study Reveals Groundwater Crisis in Bengaluru; BWSSB Plans ₹10 Crore Summer Response

File Photo BENGALURU: A concerning decline in groundwater levels has been reported across 65 wards in Bengaluru’s western and northern corporation limits. In response, the city’s water supply authority has developed a ₹10 crore plan to address potential water shortages during the summer months. A collaborative study by the Indian Institute of Science and various groundwater agencies has highlighted an imminent groundwater crisis as Bengaluru braces for another hot summer characterized by high temperatures and increased water demands. Officials from the Bangalore Water Supply and Sewerage Board (BWSSB) noted that the report, generated using AI analytics and IoT-based groundwater monitoring…

IndustryLatest Stories

Maharashtra Cancels NA Tax for Urban Housing, Waives Dues

NAGPUR: The Maharashtra government has abolished the annual non-agricultural (NA) tax imposed on urban housing societies, providing relief to countless flat owners across the state. Revenue Minister Chandrashekhar Bawankule announced this decision in the Assembly during the Budget Session, following a query from legislator Bhimrao Tapkir. Bawankule stated that all overdue payments and arrears have been canceled. This applies to all urban residential properties, whether they are newly built or older structures. “The previously collected tax and outstanding dues have been scrapped, which will offer significant financial relief to housing societies and apartment owners,” he informed the Assembly. Tapkir highlighted…

IndustryLatest Stories

Over 75% Mihan PAPs Receive Developed Plots: Maharashtra CM

NAGPUR: On Wednesday, the state government updated the legislative council that the distribution of developed plots to eligible project-affected persons (PAPs) from the Mihan project in Nagpur district is ongoing, with over 75% having received their plots. In a written statement, Chief Minister Devendra Fadnavis revealed that more than Rs 100 crore has been disbursed to 2,048 out of 2,701 affected individuals as part of employment assistance. This information came in response to a question from MLCs Krupal Tumane, Manisha Kayande, and Hemant Patil, who noted that approximately 2,000 hectares of farmland in five villages across Nagpur and Hingna talukas…

Latest StoriesRegulatory

Karnataka HC: Property Buyer Has Right to Khata Transfer

BENGALURU: A recent ruling by the high court confirms that an individual who acquires property through the asset reconstruction law has the right to request the transfer of its khata in their name. Justice Suraj Govindaraj emphasized that sales under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, along with the issuance of a certificate, carry a presumption of regularity. This decision comes in response to a petition by Nagabhushana, a resident of Hassan. Nagabhushana bought a flat located at P&T Colony, Sanjaynagar, Bengaluru, from SV Naresh, who was the successful bidder in an…

InfrastructureLatest Stories

Pune Civic Body Dismantles 78,000 Sq Ft of Illegal Structures

Representative AI image PUNE: On Wednesday, the civic body demolished 18 illegal constructions over an area of 78,000 sqft in the Lohegaon and Nagar Road regions. The structures included both concrete buildings and tin sheds, affecting residential and commercial properties alike. According to a statement from Pune Municipal Corporation (PMC) officials, action was also taken against the well-known Rameshwaram Cafe in Vimannagar. Attempts to reach the cafe’s management were unsuccessful as their phone line was off. PMC officials explained that the demolition was conducted in accordance with the Unified Development Control and Promotion Regulations (UDCPR), which align with the Maharashtra…

Latest StoriesRegulatory

SC directs CBI probe into DLF Gurugram housing project

NEW DELHI: The Supreme Court has instructed the Central Bureau of Investigation (CBI) to investigate issues pertaining to ‘The Primus’ residential project in New Gurgaon, developed by DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, as stated in a BSE filing. According to the company, the inquiry stems from consumer complaints made by five allottees which were previously reviewed by the National Consumer Disputes Redressal Commission (NCDRC). The NCDRC issued its ruling on May 29, 2023. Both the complainants and DHDL filed appeals with the Supreme Court contesting the NCDRC’s decision. In a temporary ruling dated February 25,…

IndustryLatest Stories

Modis Navnirman to Revamp Mumbai’s Residential Society

NEW DELHI: Modis Navnirman, based in Mumbai, has been appointed as the developer for the redevelopment of the New Chitra Co-operative Housing Society in Kandivali West. The existing 14-story structure, which was built over thirty years ago, will be completely demolished to make room for a new commercial and residential tower. The project occupies around 2,300 square meters and is projected to yield an estimated gross development value (GDV) of approximately ₹160 crore. In January 2026, Modis Navnirman was also selected to redevelop the BOI Staff Sheetal Co-operative Housing Society located at Ramnagar, S.V. Road, Borivali West. This redevelopment will…

CommercialLatest Stories

Embassy REIT Buys 0.3M Sq Ft Office in Bengaluru for ₹852 Cr

NEW DELHI: Embassy Office Parks REIT has acquired a 0.3 million sq ft office property in Bengaluru’s Embassy GolfLinks Business Park for ₹852 crore. The acquisition was finalized through purchasing Eleanor Realty Holdings India, the owner and operator of the commercial building ‘Pinehurst’ within the integrated business park. This grade-A office asset is fully leased to a global investment firm. According to the company, the transaction was made at a discount compared to the average valuation given by two independent valuers. Pwc acted as the financial and tax due diligence advisor for the transaction, while Trilegal handled title diligence. S&R…

Latest StoriesRegulatory

Hyderabad: Builder Accused of Cheating Buyers in ₹5 Crore Scam

Representative AI image HYDERABAD: The Central Crime Station (CCS) has filed a cheating case against a real estate firm and its promoters, accused of defrauding multiple buyers of over ₹5.6 crore in a pre-launch project in Tellapur. The complainant, Vinod Sadak, a 47-year-old private employee from Kothapet, stated that he paid ₹77 lakh for a 2,200 sq ft flat in a proposed gated community, but has yet to receive the flat or a refund. Vinod discovered the project, named ‘Tripura Nirvana’, in November 2022, which the company advertised as a residential high-rise with over 1,000 flats across 12 acres, featuring…

Latest StoriesRegulatory

Consumer Commission Orders Aditya Builders to Finalize Sale Deed

PANAJI: The North Goa District Consumer Dispute Redressal Commission has instructed a construction firm to execute a deed of sale within two months for a flat bought by a couple from Margao in 2004, for which they paid the full price. If the construction firm fails to adhere to this order within the specified timeframe, the consumers have the right to get the sale executed through the commission. According to the law, the firm was obliged to register the sale deed within 18 months after the building’s construction, but it did not do so. This prompted the complainants, Santosh Joshi…