Category: Other Cities

Vasai-Virar Construction Scam, ED Conducts Raids at 12 Sites, Recovers Rs 1.33 Crore in Cash

October 4, 2025

The Enforcement Directorate (ED) intensified its probe into the Vasai-Virar Municipal Corporation (VVCMC) construction scam, conducting raids at 12 locations across Mumbai, Pune, Nashik, and Satana on Tuesday, under the Prevention of Money Laundering Act (PMLA), 2002. The investigation has exposed a deep-seated nexus of corruption, illegal construction, and money laundering within VVCMC. During the […]

Vasai-Virar Construction Scam, ED Conducts Raids at 12 Sites, Recovers Rs 1.33 Crore in Cashmore

Allahabad High Court Nullifies Greater Noida Authority’s Plot Cancellation Orders

July 2, 2025

NOIDA: The Allahabad High Court has struck down two separate orders issued by the Greater Noida Industrial Development Authority (GNIDA) canceling land allotments, marking a legal setback for the Authority. The court found that GNIDA failed to adhere to statutory deadlines and followed procedurally flawed processes. The two cases involved high-stakes projects—one being a major […]

Allahabad High Court Nullifies Greater Noida Authority’s Plot Cancellation Ordersmore

Unauthorized Constructions Cannot Be Claimed as an Absolute Right: Madras High Court

June 25, 2025

MADURAI: The Madras High Court has firmly held that unauthorized constructions cannot be considered a matter of absolute right and should not be regularised as a matter of routine. In a significant ruling, the court emphasized that authorities who neglect their duty to act against such illegal constructions should face disciplinary action. A division bench […]

Unauthorized Constructions Cannot Be Claimed as an Absolute Right: Madras High Courtmore

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penalties

June 24, 2025

Years after the Real Estate Regulation and Development Act (RERA) came into force, several major builders in Karnataka continue to defy recovery orders issued by the Karnataka Real Estate Regulatory Authority (K-RERA). This prolonged inaction has left countless aggrieved homebuyers in a frustrating cycle of chasing justice through courts and government offices—despite having rulings in […]

Karnataka: 10 Builders Yet to Clear ₹347 Crore in Penaltiesmore

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025

June 20, 2025

LUCKNOW: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has reported significant progress in safeguarding homebuyer interests by recovering ₹128 crore this calendar year from developers who failed to complete their housing projects. This amount has been directly deposited into the bank accounts of approximately 376 homebuyers, marking a noteworthy step in ensuring financial redressal […]

UP-RERA Returns ₹128 Crore to Over 350 Homebuyers in 2025more

Environmental Clearance Now Mandatory for Major Township and Construction Projects in Chandigarh

June 17, 2025

CHANDIGARH: Environmental clearance will now be mandatory for all township and area development projects in Chandigarh that cover an area exceeding 50 hectares or have a built-up area of over 1,50,000 square metres. Likewise, any building or construction project with a built-up area ranging between 20,000 square metres and more than 1,50,000 square metres must […]

Environmental Clearance Now Mandatory for Major Township and Construction Projects in Chandigarhmore

DDA Moves Delhi High Court, Contests RERA’s Authority to Issue Directives

June 11, 2025

NEW DELHI: In an unusual legal development involving two statutory bodies, the Delhi Development Authority (DDA) has approached the Delhi High Court to challenge the jurisdiction of the Real Estate Regulatory Authority (RERA). The DDA has questioned the legal competence of RERA to issue it directions, particularly regarding the mandatory registration of its housing projects. […]

DDA Moves Delhi High Court, Contests RERA’s Authority to Issue Directivesmore

Capital India Finance Secures RBI Nod to Divest Housing Finance Subsidiary

June 4, 2025

NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance Ltd. (CIFL)—a registered non-banking financial company (NBFC)—has received the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction, involving the complete sale of CIHL’s equity, is valued at ₹267 crore. Back in […]

Capital India Finance Secures RBI Nod to Divest Housing Finance Subsidiarymore

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Data

June 2, 2025

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has begun investigating several residential developments that have failed to meet their construction deadlines and have not submitted required progress updates. According to the latest data from K-RERA, a large number of real estate projects have missed their delivery timelines, with more than 2,600 officially marked as […]

Over 2,600 Real Estate Projects Expire in Karnataka; Many More Declared Lapsed: K-RERA Datamore

Home Loan Borrowers Decline by 35% in FY25, Yet Average Mortgage Size Rises in Gujarat

May 24, 2025

AHMEDABAD: Gujarat’s housing finance landscape is showcasing a contrasting development—while the overall disbursement of home loans is increasing, the number of individual borrowers is witnessing a significant decline. In FY 2025, total housing finance disbursals in the state reached ₹58,399 crore, reflecting an 8.9% rise from ₹53,590 crore in FY 2024. However, during the same […]

Home Loan Borrowers Decline by 35% in FY25, Yet Average Mortgage Size Rises in Gujaratmore