Tag: Rajasthan

InfrastructureLatest Stories

Cabinet Approves ₹13,000 Cr Jaipur Metro Phase-II Project

NEW DELHI: On Wednesday, the Union Cabinet approved the Phase-2 of the Jaipur Metro Project, which will feature a 41-km corridor with 36 stations, at an estimated cost exceeding Rs 13,000 crore, according to Union minister Ashwini Vaishnaw. The project will be executed by the Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture between the Government of India and the Government of Rajasthan. The Cabinet, under Prime Minister Narendra Modi, also greenlit the North-South corridor from Prahladpura to Todi Mod with a total project cost of Rs 13,037.66 crore, Vaishnaw stated during a media briefing. The Phase-2 corridor…

Latest StoriesRegulatory

ED Seizes ₹944 Crore in Properties Linked to Housing Fraud

NEW DELHI: The Enforcement Directorate (ED) has seized immovable assets valued at approximately Rs 944 crore under the Prevention of Money Laundering Act. This action is tied to allegations of failure to deliver housing units to more than 1,500 homebuyers in Haryana and Rajasthan, officials reported on Monday. The affected projects are situated in Palwal, Faridabad, Rewari, and Bhiwadi, where buyers allegedly did not receive possession even after making payments, the agency stated. In a recent announcement, the ED indicated it “has provisionally attached immovable properties worth about Rs 944 crore, owned by Piyush Colonisers Limited, former promoters of the…

IndustryLatest Stories

RIICO Introduces 33-Year Lease with 40% Land Discount

Representative image JAIPUR: Chief Minister Bhajan Lal Sharma has announced that RIICO will permit entrepreneurs to secure plots in 30 identified industrial areas at 60% of current rates, with a lease term of 33 years. This initiative is anticipated to significantly lower the costs of establishing industries. Furthermore, the payment duration under the direct allotment scheme has been extended from three to five years, allowing investors to pay in 19 quarterly installments. To facilitate industrial transactions, the transfer fee for plot sales post-production has been halved from 1% to 0.5%. Additionally, the conversion fee for weighbridge operations has been reduced…

IndustryLatest Stories

Rajasthan Housing Board Revenue Tops ₹1,000 Crore; 2026 Launches Planned

JAIPUR: The Rajasthan Housing Board (RHB) has significantly increased its revenue in FY26, surpassing ₹1,000 crore, largely due to successful commercial auctions and enhanced asset monetization, as stated by commissioner Rashmi Sharma in an exclusive interview with Ankit Sharma. The autonomous body, primarily serving affordable and mid-income segments, is launching new residential schemes across Jaisalmer, Jodhpur, Alwar, the NCR region near Bhiwadi, and selected emerging towns in Rajasthan. The board is also exploring innovative development models, including potential private partnerships, to expand its capacity while ensuring affordability. Below are edited excerpts from the conversation: What was 2025 like for the…

Latest StoriesRera

Rajasthan RERA: Banks can’t claim rights on allotted flats

JAIPUR: In a landmark ruling aimed at safeguarding homebuyers, the Rajasthan Real Estate Regulatory Authority (RERA) has determined that banks and financial institutions cannot assert claims over apartments booked to buyers prior to the establishment of a loan. The authority further stated that RERA proceedings may proceed against builders’ directors and landowners, even amidst insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). This decision was made by Rajasthan RERA chairperson Veenu Gupta on February 19 and was published on Saturday, relating to the Avalon Royal Park housing project located in Bhiwadi. The project, initiated in 2012 by M/s G…

IndustryLatest Stories

Rajasthan Considers Easing Building Rules to Attract Investment

JAIPUR: The state government is contemplating easing building height and setback regulations to foster a more adaptable and investor-friendly urban development framework, aiming to spur industrial growth and enhance affordable housing. The government is considering the principle of “Everything is allowed unless explicitly prohibited,” which would eliminate the need for formal conversion of agricultural land for non-agricultural uses if the intended purpose aligns with the master plan. An official informed that Chief Secretary V. Srinivas has updated the cabinet secretariat regarding Rajasthan’s second phase of compliance reduction and deregulation, detailing a comprehensive reform roadmap designed to simplify business operations and…

IndustryLatest Stories

Critics: New Land Registry Rule Favors Big Builders in Rajasthan

Representative AI image JAIPUR: A new land registry rule introduced on Thursday by the urban development and housing (UDH) department has sparked significant backlash. Critics, including UDH officials and lawyers, claim that the regulation primarily favors large builders at the expense of smaller stakeholders and individual landowners. The controversial regulation requires that sale deeds cannot be registered without obtaining land conversion certificates, which change agricultural land into residential or industrial use. According to critics, for many small landowners—especially farmers—gaining these certificates from the Jaipur Development Authority (JDA) or other government agencies is nearly impossible. A senior UDH official remarked, “This…

Latest StoriesResidential

Rajasthan Halts ‘Patta’ Registrations Amid Long-ignored Issues

JAIPUR: In a significant step to regulate real estate practices, the state government has halted the registration of properties associated with housing society “pattas.” This informal documentation has been the source of countless complaints, legal disputes, and negative audit findings over the years. Sub-registrars are now forbidden from registering plots issued by private housing or cooperative societies, a regulation that experts believe should have been enacted a decade ago. The prohibition aims to address the rise of unauthorized colonies, particularly in Jaipur’s outskirts like Ajmer Road and Kalwar Road, where societies have been selling plots without valid land-use conversions or…

IndustryLatest Stories

RIICO Invites Applications for Industrial Land Use Changes in Rajasthan

JAIPUR: Following its board’s announcement in October regarding the change of land use in industrial areas, the Rajasthan State Industrial Development and Investment Corporation (RIICO) has invited applications from industrial plot allottees seeking approval for alterations in the permitted activities on their plots. This initiative aims to make land use in industrial zones more practical, transparent, and in tune with contemporary industrial demands. Applicants will need to pay additional fees for the approval. Recently, RIICO launched an online portal allowing industrial plot holders interested in changing their activity to submit applications along with necessary documentation and a non-refundable fee of…

IndustryLatest Stories

Rajasthan: RIICO Launches 6,000 Direct Allotment Plots

Representative image JAIPUR: The Rajasthan State Industrial Development and Investment Corporation (RIICO) has launched the sixth phase of its direct allotment scheme for investors who have signed MoUs with the state government as part of the Rising Rajasthan Global Investment Summit. The application window will remain open until October 14 for MoU holders to apply for industrial plots. In this phase, RIICO is offering 6,000 industrial plots across 100 industrial areas, with special reservations for entrepreneurs from SC/ST, women, ex-servicemen, and persons with disabilities. During the previous phase in September, RIICO received 322 applications for 224 plots, with significant interest…