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Industry News (12 articles)

Navi Mumbai civic body collects ₹650 crore in property tax, 62% pay digitally

Navi Mumbai civic body collects ₹650 crore in property tax, 62% pay digitally

Navi Mumbai Municipal Corporation has collected Rs 650 crore in property tax this fiscal year, with 62% of payments made digitally. The civic body is intensifying efforts to meet its Rs 1,000 crore target by March 31, issuing notices and attaching...

RLDA to lease out Bengaluru’s Yeshwantpur colony land for residential project

RLDA to lease out Bengaluru’s Yeshwantpur colony land for residential project

Rail Land Development Authority plans to lease railway land in Yeshwantpur for residential apartments. This 99-year lease aims to generate revenue and redevelop the existing railway colony. The project involves building private apartments alongside...

Banks can’t claim rights over flats booked to allottees: Rajasthan RERA

Banks can’t claim rights over flats booked to allottees: Rajasthan RERA

Rajasthan RERA has ruled that banks cannot claim rights over flats booked by allottees before a loan was created. The authority also stated that RERA proceedings can continue against builder directors and landowners even during insolvency. This...

Goa's town planning department told to enforce STPs for all complexes with 24 flats

Goa's town planning department told to enforce STPs for all complexes with 24 flats

The Goa State Pollution Control Board has urged the town and country planning department to enforce its decision requiring residential complexes with 24 or more flats to install sewage treatment plants. The board also stressed that builders must...

Over 900 builders under Jharkhand RERA lens for not filing quarterly reports

Over 900 builders under Jharkhand RERA lens for not filing quarterly reports

In an assertive move towards improving transparency in the real estate sector, Jharkhand's real estate authority is holding 904 builders accountable for their failure to provide mandatory quarterly progress reports. A staggering number of...

Nashik civic body serves notices to 500 more property tax defaulters, taking total to 950

Nashik civic body serves notices to 500 more property tax defaulters, taking total to 950

Nashik Municipal Corporation has issued notices to an additional 500 property tax defaulters owing over Rs 1 lakh, giving them 21 days to pay or face warrants. This brings the total notices to 950 as the NMC races to collect Rs 52 crore to meet its...

Pune: PMC issues show-cause notice, fines builder over contaminated water supply in Mhalunge complex

Pune: PMC issues show-cause notice, fines builder over contaminated water supply in Mhalunge complex

Pune civic body fined VTP Aethereus Rs1 lakh and issued a show-cause notice for supplying contaminated water to residents. The developer claims the issue is resolved, citing a technical glitch at their water treatment plant. They assert water...

Homebuyers await execution of recovery warrants even two months after MahaRERA issued SOP to expedite process

Homebuyers await execution of recovery warrants even two months after MahaRERA issued SOP to expedite process

Homebuyers in Pune are facing prolonged delays in receiving compensation from defaulting developers, as recovery warrants remain stalled at the execution stage. Despite MahaRERA's new SOP, revenue authorities are slow to act, leaving many,...

Pune civic body imposes fine on developer for dumping debris on riverbed

Pune civic body imposes fine on developer for dumping debris on riverbed

Pune Municipal Corporation fined a private developer Rs 10 lakh for dumping trash on a riverbed and ordered a probe into illegal waste disposal. The civic body plans to establish 10 guarded centers for scientific waste management and will file...

Nagpur: 55km phase-III to be metro’s longest expansion

Nagpur: 55km phase-III to be metro’s longest expansion

Nagpur Metro's ambitious Phase 3 will add 54.5 km, including a significant 25 km stretch along the Inner Ring Road. This expansion, confirmed by Union Minister Nitin Gadkari, aims to boost connectivity across the city and industrial areas. The...

DTCP bars sale, lease, conveyance deeds for commercial colony in Gurugram

DTCP bars sale, lease, conveyance deeds for commercial colony in Gurugram

The Department of Town and Country Planning (DTCP) has halted property registrations for a commercial colony in Sector 53, Gurugram, due to expired and unrenewed licence conditions. Licence holders Arenas Infotech Pvt. Ltd. and Senior Builders Pvt....

Gujarat RERA orders builder to pay maintenance charges for unsold units

Gujarat RERA orders builder to pay maintenance charges for unsold units

Gujarat Real Estate Regulatory Authority has ruled developers must pay maintenance for unsold housing units. This applies from the date Building Use permission is granted until the units are sold. The authority stated promoters are responsible for...