Tag: Prayagraj

Latest StoriesResidential

Prayagraj to Offer House Tax Rebates for Old Buildings

PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has approved a 40% house tax rebate for buildings older than 20 years within the urban limits. The decision, made unanimously during a meeting on Tuesday, ensures property owners will automatically qualify for the rebate without any application process. This measure is set to take effect in April 2026. This initiative is expected to aid residents in older neighborhoods such as Kidganj, Daraganj, Rambagh, Bairhana, Chowk, Shahganj, Kareli, Malviya Nagar, Mundera, and Chakia, which contain numerous buildings over two decades old. Additionally, the house authorized a One-Time Settlement (OTS) proposal for significant house tax…

Latest StoriesResidential

Prayagraj: New Fixed Fee System Eases Property Mutation Costs

PRAYAGRAJ: The Prayagraj Municipal Corporation has introduced a fixed-fee system for property mutation, providing significant relief to property owners by replacing the previous percentage-based charges. The new fee structure came into effect following its publication in the official gazette on Friday. Under this revised system, property owners will pay a consistent fee rather than 0.5% of the property’s total value. For properties valued at over Rs 50 lakh, the mutation fee is capped at Rs 10,000, significantly alleviating the financial burden on buyers. Municipal officials stated that this proposal was approved by the municipal corporation approximately seven months ago. The…

IndustryLatest Stories

375 Hectares in Jhunsi & Hetapatti Designated for Housing

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has designated around 375 hectares in the Jhunsi and Hetapatti areas for future residential and commercial development. Civic body officials reported that approximately 250 hectares in Jhunsi, encompassing the villages of Mukundpur, Chakia Hinauta, and Chak Hinauta, have been identified under the Chief Minister’s urban expansion initiative. Over 500 farmers will be impacted as land acquisition is planned. In Hetapatti, 125 hectares of land across Neemarmee Khurd, Narayanpur, and neighboring areas have also been earmarked for acquisition. Rishiraj, the vice-chairman of the civic body, conducted site inspections on Thursday and informed…

IndustryLatest Stories

No More Land Swap: Prayagraj Body to Refund Plot Buyers with Interest

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has made a significant announcement impacting thousands of homebuyers. The authority will no longer provide alternate land to allottees in its residential schemes who bought plots but did not take possession. Instead, they will receive a refund of their payments along with interest, promoting transparency and financial relief. The official announcement, released on Friday, is anticipated to affect approximately 8,000 allottees across different residential projects. Homebuyers interested in participating in a new residential scheme can apply to have their prior payment credited towards the new allotment. The PDA has clarified that alternate plots will…

Latest StoriesRegulatory

Prayagraj to Notify 40,000 House Tax Defaulters

Representative AI image PRAYAGRAJ: The Prayagraj Municipal Corporation (PMC) has identified 40,000 properties in the city whose owners have not paid property tax for the last three years. Notices will be issued to these owners, and action will be taken against those who do not comply. Such actions may include property attachment and water supply disconnection. This initiative is intended to enhance tax recovery and ensure compliance throughout the city. After receiving the notice, property owners will have 15 days to settle their outstanding payments. If the tax remains unpaid within this time frame, the PMC will pursue attachment proceedings.…

Latest StoriesResidential

Prayagraj Plans Aero City for Modern, Affordable Housing

Representative AI image PRAYAGRAJ: The Prayagraj Development Authority (PDA) is gearing up to initiate a significant residential project—Aero City—located near Airport Road (Jhalwa) as part of the chief minister’s expansion plan. This initiative will offer plots and flats in a single location, aimed at delivering modern, organized housing solutions within an integrated township. Spanning over 90 acres, Aero City is set to commence in the next financial year when the PDA will begin acquiring land. The plots are expected to be priced under Rs 20 lakh, making them affordable for a diverse range of homebuyers. The authority plans to purchase…

Latest StoriesResidential

PDA Launches Online Registration for Plot and Flat Auctions

Representative image PRAYAGRAJ: The Prayagraj Development Authority (PDA) has announced the sale of 206 residential plots in six housing schemes, starting this week through online registration and auction. According to PDA Secretary Ajit Singh, 40 newly created plots have been added to the list. The plots range in size from 60 to 150 square meters to accommodate middle-class homebuyers, with the Dev Prayagraj Jhalwa scheme featuring the highest number—107 plots available for sale. Additional plots include 14 in the Kalindipuram Housing Scheme, 5 each in Kasari-Masari Phase 1 and Phase 2, 30 in the Naini Housing Scheme, and 45 in…

Latest StoriesRegulatory

Uttar Pradesh: STF Busts Man for ₹6 Crore Real Estate Scam

PRAYAGRAJ: On Saturday, the UP Special Task Force (STF) apprehended a man linked to a Rs 6.40 crore fraud involving a real estate company. The suspect, identified as Neeraj Kumar Jaiswal, also known as Sullu, was arrested near the new bridge underpass on the route to Minto Park and Mankameshwar Temple. STF officials indicated that they received intel pointing to Jaiswal hiding in the Kydganj region. A team led by sub-inspector Dharmendra Singh swiftly acted to execute a raid and apprehend him. During interrogation, Jaiswal, a resident of Kashiraj Nagar in Mutthiganj, revealed that he had been an agent for…

InfrastructureLatest Stories

Prayagraj’s Urban Plan to Add 200 New Villages

PRAYAGRAJ: The Prayagraj Development Authority (PDA) has unveiled a plan for urban expansion in Sangam city. This initiative aims to boost revenue from house tax, property tax, and development fees, ultimately enhancing the income of both the Prayagraj Municipal Corporation (PMC) and the PDA for city development purposes. According to the proposal, the urban boundary of Prayagraj will increase to 263 square kilometers, incorporating around 200 additional villages in the district under PDA jurisdiction. This proposal is pending approval from the state government. A senior official from the PDA stated, “The need for city expansion has been recognized for a…

Latest StoriesResidential

Shubhashish Homes Achieves ₹250 Crore in H1 FY26 Pre-Sales

NEW DELHI: Shubhashish Homes, the real estate division of JK Jajoo Ventures, has recorded pre-sales exceeding ₹250 crore in the first half of FY 2025-26, surpassing last year’s total of ₹211 crore. The company is on track to meet its pre-sales goal of ₹400 crore for the year. CEO Mohit Jajoo remarked, “As we look ahead, we are making significant progress in Indore and Prayagraj, and pending timely approvals, we plan to launch these projects in Q4 FY26.” Published On Oct 14, 2025 at 04:28 PM IST Join the community of 2M+ industry professionals. Subscribe to our Newsletter for the…