1 hour ago

The Securities and Exchange Board of India (SEBI) approved a series of regulatory amendments earlier this month aimed at easing compliance requirements for Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and foreign portfolio investors (FPIs). The decisions were cleared during SEBI’s 213th board meeting held in Mumbai. The regulator introduced operational flexibility for AIFs winding up schemes, allowed FPIs to undertake net settlement of cash market transactions, and expanded investment options for REITs and InvITs. The board also approved revised ‘fit and proper person’ norms for intermediaries and adopted conflict-of-interest measures applicable to SEBI officials and board members. Several proposals were framed as ease-of-doing-business measures intended to reduce operational burdens while maintaining regulatory oversight and investor safeguards across India’s capital markets ecosystem.Read more

5 hours ago

Rajdarbar Developments Private Limited has lodged a complaint with Jaipur police alleging illegal excavation and violation of a court stay order on disputed land in Chimanpura village under Bhankrota police station limits. The company claimed that unidentified persons entered the land with heavy machinery and carried out excavation despite restrictions imposed by the SDO (South) court. Police officials confirmed that the complaint has been received and an investigation is underway. The dispute is part of a series of ongoing land-related complaints involving the developer and properties in Jaipur’s rapidly expanding outskirts.Read more

7 hours ago

The delay in discussions around the proposed Karnataka Apartment (Ownership and Management) Bill has increased concerns among apartment owners and resident welfare groups across Bengaluru and other parts of the state. Homebuyers say the absence of an updated legal framework is creating confusion over ownership rights, maintenance management, common area transfers, and dispute resolution. Resident associations have urged the Karnataka government to move ahead with stakeholder consultations and introduce the Bill soon, stating that the existing apartment law is outdated and no longer suitable for the growing number of apartment residents in the state.Read more

12 May 2026

The Bhubaneswar Development Authority has introduced a draft Standard Operating Procedure for land parcel reconstitution under Town Planning Schemes 42 to 45 in Zone IV, covering areas such as Bijipur, Kasipur, Bhagabanpur, Baliapada, and Patrapada. The SOP aims to create a structured and transparent process for handling land reconstitution, ensuring fair distribution of developed plots among landowners. It includes provisions for voluntary and mandatory amalgamation of land parcels, along with a standard 40% deduction and 60% return of land. The framework is expected to reduce disputes and improve planning efficiency.Read more

12 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a consortium for the redevelopment of the 33-acre Abhyudaya Nagar layout in Kalachowki, South Mumbai. The large cluster redevelopment project covers 48 old buildings and more than 3,400 residential and commercial units. Existing residents living in nearly 210 sq ft homes are expected to receive 641 sq ft carpet area rehabilitation flats free of cost. The project is part of MHADA’s larger redevelopment push across Mumbai to replace ageing housing stock and improve infrastructure in older residential colonies.Read more

12 May 2026

• MMRDA’s feasibility study for the Versova–Dahisar Link Road outlines alignment, engineering and transport planning for the northern extension of the Mumbai Coastal Road project.
• The study evaluates routes aimed at reducing land acquisition and minimising impact on mangrove and Coastal Regulation Zone areas across Mumbai’s western suburbs.
• The report includes passenger and freight movement projections up to 2041 to support long-term regional transport planning and connectivity improvements.Read more

12 May 2026

The Enforcement Directorate carried out search operations across multiple locations in Punjab and Chandigarh as part of a money laundering probe linked to alleged land fraud involving real estate developers. The case involves builders connected to projects such as Suntec City, where allegations include misuse of Change of Land Use (CLU) permissions and collection of large funds from investors. The probe also examines possible diversion of funds, default on payments to GMADA, and involvement of intermediaries. Cash seizures and document recovery were reported during the searches.Read more

12 May 2026

The Comptroller and Auditor General of India has started a special audit covering 101 cities to evaluate ease of living, urban mobility and the effectiveness of public infrastructure. The exercise will assess whether government spending on transport, connectivity and civic services has improved the daily lives of citizens. The audit will study quality of life, sustainability, accessibility and governance standards in urban centres. It will also review first-mile and last-mile connectivity and multi-modal transport systems with support from institutions such as IITs, IIMs and the World Bank as Indian cities continue to face rising congestion and infrastructure pressure.Read more

12 May 2026

Civil society organisations and tribal bodies in Dimapur have opposed any move to relocate Nagaland’s only railway station outside the state and have called for a faster resolution of land disputes linked to the redevelopment project. The Dimapur Railway Station is being upgraded under the Amrit Bharat Station Scheme, but pending court cases involving several patta holders have slowed progress. Local groups said prolonged delays could affect the project timeline and may create uncertainty around future railway investments in the state. Committees have now been formed to coordinate with landowners, officials and other stakeholders to prevent further delays.Read more

12 May 2026

Ganesh Real Estate Management Institute (GREMI), backed by Ganesh Housing Limited, has received approval from the All India Council for Technical Education (AICTE), becoming Gujarat’s first institute exclusively focused on real estate education. The institute is set to begin its first academic batch in August 2026 with a postgraduate programme in real estate development and management. GREMI aims to address the shortage of structured and industry-focused education in India’s rapidly growing built environment sector. The institute will initially operate from Million Minds Tech City in Ahmedabad while also pursuing deemed university status and planning a 100-acre integrated campus.Read more