Category: News

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

Karnataka High Court Invalidates Amendment Acts on Retrospective Levies by Civic Bodies

BENGALURU: In a major setback for the Karnataka government and the Bruhat Bengaluru Mahanagara Palike (BBMP), the Karnataka High Court has struck down the Karnataka Municipal Corporations and Certain Other Law (Amendment) Acts of 2021 and 2023. These laws were introduced to retrospectively validate a range of fees collected by the civic body from Bengaluru […]

Karnataka High Court Invalidates Amendment Acts on Retrospective Levies by Civic Bodiesmore

MUDA Scam: ED Attaches 92 Properties Valued at ₹100 Crore

June 11, 2025

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached 92 properties, with a cumulative market value of ₹100 crore, in connection with a massive scam involving the allocation of sites by the Mysore Urban Development Authority (MUDA). Officials stated on Tuesday that the scam allegedly involves Karnataka Chief Minister Siddaramaiah. According to the ED, the […]

MUDA Scam: ED Attaches 92 Properties Valued at ₹100 Croremore

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

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

Mumbai: BMC Increases Property Tax After Nearly a Decade, with Hikes of Up to 15%

May 30, 2025

MUMBAI: For the first time in almost ten years, the Brihanmumbai Municipal Corporation (BMC) has revised its property tax rates, raising them by as much as 15% for the financial year 2025–26. This revision applies to over 9 lakh properties across Mumbai, with updated bills having already been issued earlier this month, according to a […]

Mumbai: BMC Increases Property Tax After Nearly a Decade, with Hikes of Up to 15%more

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREAT

May 27, 2025

MUMBAI: In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MREAT) has overturned a 2020 MahaRERA decision that had denied compensation to a homebuyer due to the absence of a registered sale agreement. The tribunal found the denial unjustified and directed the developer to refund the sum paid by the buyer, along with applicable […]

Flat Sale Agreement Not Mandatory for Relief Under Real Estate Law: Rules MREATmore

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

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxes

May 21, 2025

GURUGRAM: In a major enforcement move, the Municipal Corporation of Gurugram (MCG) on Tuesday issued notices to 22 prominent property tax defaulters, each of whom owes more than ₹50 lakh in outstanding dues. The step was initiated by the MCG’s taxation department as part of a larger campaign to recover unpaid taxes and strengthen municipal […]

Gurugram Civic Body Issues Notices to 22 Property Owners Owing Over ₹50 Lakh Each in Taxesmore

Category: News

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