Category: Latest Stories

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Latest StoriesRera

Kantabada Panchayat Opposes BDA Housing Project in Odisha

BHUBANESWAR: In a landmark move, the Kantabada panchayat has turned to the Odisha Real Estate Appellate Tribunal (OREAT) to contest the Bhubaneswar Development Authority’s (BDA) approval of a private housing project, claiming it encroaches on the panchayat’s jurisdiction without proper authority. The tribunal supported the panchayat’s appeal, reversing an earlier decision by the Odisha Real Estate Regulatory Authority (ORERA) that had dismissed the grievance on the grounds of maintainability. OREAT determined that the definition of “aggrieved person” under RERA should not be limited solely to allottees, promoters, or real estate agents. The conflict revolves around a three-storey residential development comprising…

IndustryLatest Stories

Gurugram to Auction Properties Over Unpaid GRAP Fines

GURUGRAM: The Municipal Corporation of Gurugram (MCG) has launched a rigorous recovery initiative aimed at individuals and entities with outstanding challans issued during the Graded Response Action Plan (GRAP). They have warned that unpaid dues may lead to property sealing and auction proceedings. MCG Commissioner Pradeep Dahiya urged officials on Monday to hasten recovery efforts, emphasizing that the enforcement teams responsible for issuing challans will be held accountable for the collection of payments. He warned that any negligence in recovery would not be accepted, stating that there are currently 176 pending challans totaling Rs 41.2 lakh. This initiative coincides with…

CommercialLatest Stories

Office rentals in Delhi-NCR, Bengaluru surpass ₹100/sq ft: Knight Frank

NEW DELHI: Prime office rents in Bengaluru and Delhi-NCR have surpassed Rs 100 per sq ft for the first time, driven by demand outstripping supply, according to Knight Frank’s latest data. In Mumbai, average office rents have already crossed this threshold. The data indicates that office space rentals in eight major Indian cities increased by 2 to 15 percent from January to March 2026 compared to the same period last year. The highest annual growth rate of 15 percent was observed in Delhi-NCR and Kolkata. “Supply constraints in key markets have fostered a persistent rental upcycle since early 2022,” Knight…

InfrastructureLatest Stories

Telangana Unveils First Land Registration with Survey Map

HYDERABAD: In a significant move to modernise land records and minimize property disputes, Revenue Minister Ponguleti Srinivas Reddy announced that the government is safeguarding farmers’ land rights through reforms introduced under the Bhu Bharati land portal. The initiative provides permanent land rights supported by a survey map and Bhudhar number, offering farmers confidence and security about their future. On Tuesday, the first land registration utilizing a survey map was successfully completed in Kusumanchi mandal, Khammam district. The minister remarked that the integrated Bhu Bharati portal would be a national model. In Kusumanchi, farmer Bhagam Kishan Rao from Motapuram village sold…

IndustryLatest Stories

Kalamassery Drafts Changes to City Structural Plan

KOCHI: To align urban planning with contemporary development needs, the Kalamassery municipality has released a draft notification proposing alterations to its structural plan established in 1991. The amendment, issued by the state government on March 15, 2026, aims to provide immediate relief for residents and developers in municipalities and panchayats surrounding the Kochi corporation while awaiting the full implementation of the comprehensive 2040 Amrut Master Plan. Though the Kochi corporation is already implementing the 2040 master plan regulations, nearby local bodies have remained constrained by the outdated 1991 framework. “Many older proposals have become impractical due to changes in traffic…

CommercialLatest Stories

Pune Cantonment’s 120-Year-Old MG Road Building to Get Revamp

PUNE: The Pune Cantonment Board (PCB) is exploring ways to address its financial challenges by transforming its historic headquarters on MG Road into a commercial enterprise. This colonial-era building, over 120 years old, was the administrative center for the PCB until 1988 when it was repurposed as a cantonment court. With the court moving to a new facility in June 2024, the two-storey heritage site has become vacant. The board plans to convert this property into a source of revenue by capitalizing on its prime location. “We have initiated the process to change the property’s purpose. The proposal has been…

InfrastructureLatest Stories

Delhi: DDA to Finish O Zone Drone Survey in 2 Months

NEW DELHI: The Delhi Development Authority (DDA) has notified the National Green Tribunal that it will finish a drone survey of the Yamuna floodplain, known as the O zone, within approximately two months. This survey encompasses an area of 165 sq km, including buffer zones. The O zone refers to the floodplain along a 22-km section of the Yamuna within the city. Following demolition operations on April 16 and 17 in Madanpur Khadar and Jhangola villages, as well as the Revenue Estate-Indraprastha, the DDA has reclaimed 7 acres in the area. The tribunal took note of a 2024 TOI report…

IndustryLatest Stories

ReaRCo Acquires KV Developers via Insolvency Process

NEW DELHI: ReaRCo Private Limited, a real estate asset resolution firm, has acquired KV Developers through the insolvency resolution process. This development offers renewed hope to nearly 400 homebuyers in Greater Noida who invested in the project back in 2013. The company has also secured ₹195 crore from the government-backed SWAMIH Fund to complete the project. “We are currently constructing 646 units across five towers, with the aim of enabling possession for existing homebuyers by the end of the year. The project has been significantly upgraded to enhance comfort and amenities for the residents,” stated Geetanjali Khanna, founder and managing…

Latest StoriesRegulatory

GMDA Notifies Builder Over Drain Blockage in Ramprastha City

GURUGRAM: On Tuesday, GMDA issued a show-cause notice to the Ramprastha City developer in Sector 37D for allegedly constructing an unauthorized access that disrupts the natural flow of the Badshapur stormwater drain, raising concerns ahead of the monsoon season. If the developer fails to comply or provide an unsatisfactory response, the Authority warned that it will demolish the structure without notice, recover penalty costs, and initiate legal action. The recently identified structure constitutes a significant violation of drainage regulations and could cause waterlogging, public inconvenience, and damage to public infrastructure during the monsoon, according to the notice. The Authority classified…

IndustryLatest Stories

AP Government Provides 50% VLT Relief to Stimulate Construction

VIJAYAWADA: In a notable policy shift aimed at alleviating the financial burden on property owners while boosting construction activity, the state government has decided to implement a 50% discount on vacant land tax during the construction process. This change was made in accordance with recent amendments to the existing legislation approved by the state assembly. According to the updated provisions, property owners engaged in construction will now only need to pay half of the vacant land tax during the construction period, effective from the start of construction until the occupancy certificate is issued. Officials believe this move will encourage timely…