Mumbai News Desk

25 Mar 2026

The Bombay High Court has overturned a stay order issued by the Debt Recovery Tribunal (DRT) concerning a bank-auctioned flat, allowing the auction purchaser to proceed with ownership and possession formalities. The case involved a mortgaged property sold through a recovery auction initiated by the lender after default. The court observed that once an auction is completed as per law, further restrictions on transfer or possession should not continue without valid grounds. The ruling reinforces the legal position of auction buyers and supports the integrity of recovery mechanisms used by financial institutions.Read more

25 Mar 2026

The National Company Law Tribunal (NCLT) has approved the withdrawal of insolvency proceedings in the ATS Knightsbridge project after a settlement was reached among the concerned parties. The case has now been taken out of the Corporate Insolvency Resolution Process, allowing the project to proceed under normal operations. The decision is expected to provide clarity to homebuyers who were facing uncertainty due to the ongoing proceedings. With this approval, focus will shift back to project execution and resolving pending matters through mutual understanding rather than insolvency intervention.Read more

25 Mar 2026

The Uttar Pradesh cabinet has approved the development of a 20 MW floating solar power plant at Chilua Tal in Gorakhpur as part of its ongoing push to expand renewable energy capacity. The project, to be executed by Coal India Ltd, will span around 80 acres of water surface allocated by the district administration. Officials noted that Gorakhpur is being developed as a solar city, following Ayodhya's designation as the state's first solar city. The initiative aligns with broader plans to promote solar energy across multiple municipal corporations in the state.Read more

25 Mar 2026

The Delhi government has allowed property owners and developers to obtain a provisional No Objection Certificate (NOC) by paying only 25% of infrastructure charges upfront. The move, implemented through the Delhi Jal Board, aims to reduce high initial costs that had slowed construction and redevelopment projects. The remaining amount will be paid later at the time of final approval. The decision follows concerns over steep increases in charges in recent years and is expected to improve project timelines, ease cash flow pressure, and support construction activity across the city.Read more

Mumbai News Desk

25 Mar 2026

A fire broke out in a residential building in Virar, causing panic among residents before emergency services responded and brought the situation under control. Rescue teams managed to evacuate nine people from the building, and no injuries were reported. The incident highlights the importance of timely firefighting response and evacuation procedures in densely populated residential areas. Authorities ensured that the fire did not spread further within the structure, preventing casualties and limiting damage, while the exact cause of the fire is yet to be confirmed through further assessment.Read more

25 Mar 2026

The Prayagraj Development Authority (PDA) has revised prices of its unsold flats and approved easing of building restrictions under changes to the Master Plan 2031. The move comes after limited response to earlier fixed pricing and aims to improve housing demand and project viability. The authority also plans to allow taller buildings on smaller plots in key areas, along with introducing drone-based land surveys and record digitisation. These steps are expected to improve land use, speed up approvals, and support more balanced real estate development in the city.Read more

Lucknow News Desk

25 Mar 2026

The Lucknow Development Authority (LDA) has approved a budget of INR 5,148 crore for FY 2026-27, focusing on affordable housing, land acquisition, and infrastructure upgrades. A major allocation of INR 200 crore will be used to build 848 flats in Sharda Nagar Extension. The plan also includes INR 1,600 crore for land acquisition in key growth corridors and funds for existing housing schemes, mobility projects, and civic infrastructure. The budget reflects a continued push to increase housing supply while preparing land and infrastructure for future urban expansion.Read more

25 Mar 2026

The Enforcement Directorate has begun investigating cases involving Indian nationals who allegedly used credit cards to fund property purchases in Dubai. The probe focuses on possible violations of foreign exchange rules and the misuse of banking channels to route funds overseas. Authorities are examining whether such transactions were structured to bypass regulatory limits under the Liberalised Remittance Scheme. The investigation reflects increased scrutiny of cross-border financial flows linked to real estate investments and the use of domestic credit instruments for overseas asset acquisition.Read more

25 Mar 2026

Karnataka Real Estate Regulatory Authority has recorded 12,772 complaints, placing Karnataka among the top four states in India for RERA filings. The data reflects both strong homebuyer awareness and active usage of the regulatory mechanism for dispute resolution. A significant portion of the cases has already been resolved, indicating steady disposal of complaints. However, the rising numbers also point to ongoing concerns in the real estate sector, including project delays, compliance gaps, and execution challenges that continue to affect buyers and developers across the state.Read more

24 Mar 2026

A fraud case linked to the Pradhan Mantri Awas Yojana (PMAY) has surfaced in Vadodara, where 16 individuals were allegedly duped of around INR 40 lakh by a person posing as a civic official. The accused promised affordable housing units under the government scheme and collected money under the guise of processing fees and allotment procedures. Victims were provided forged documents, including fake receipts and fabricated municipal approvals. The incident highlights persistent vulnerabilities in affordable housing awareness and verification mechanisms, as demand for subsidised housing continues to attract fraudulent intermediaries exploiting first-time homebuyers.Read more