Category: Top Stories

File Photo NEW DELHI: The Maharashtra cabinet has approved the state housing policy 2025 titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights) with an investment outlay of ₹70,000 crore. The policy aims to construct 35 lakh homes over the next five years. As part of the implementation strategy, the cabinet has cleared the formation of a ₹20,000 crore ‘Maha Aawas Nidhi’ at the state level to finance large-scale housing projects under the new policy framework. Prashant Sharma, president, NAREDCO Maharashtra said, “The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will be instrumental…

The Supreme Court has rejected the finance ministry’s petition seeking a review of its October judgement, which allowed real estate companies to claim input tax credits (ITC) on the construction cost for commercial buildings meant for renting purposes. A Bench led by Justice AS Oka while dismissing the ministry’s plea on Tuesday said that it has gone through the review petition and the October 3 judgment, which has been sought to be reviewed, and “there is no error apparent on the record.” The government wanted the apex court to align with the original legislative intent, after the 55th Goods and…

NOIDA: CBI has launched a probe into 24 real estate projects across Noida, Greater Noida, and off the Yamuna Expressway, investigating alleged financial irregularities in a subvention scheme that may have defrauded thousands of homebuyers. The central investigating agency has now sought details of these real estate projects — following a Supreme Court directive of April 29 — as part of a probe that involves not just gathering records from the three development authorities but also scrutinising an alleged nexus between banks and developers. Officials confirmed that the CBI had requested Noida Authority for details on nine projects — including…