11 Mar 2026

Residents of several housing societies in Mohali have demanded urgent action to resume construction of the long-delayed PR-6 road, a planned arterial corridor intended to improve connectivity between Airport Road and the Kharar Landran Road. Members of the Committee of Resident Welfare Associations and Societies (CORWAS) staged a protest outside a private developer's office in Sector 119 in the past week, alleging that the project has remained stalled due to a legal dispute involving the builder. Residents said the road alignment was earlier used in marketing nearby real estate projects but construction has not progressed, affecting thousands of households across the Mega Mohali area. The matter is currently before the court, with the next hearing scheduled for early April. Authorities have not commented on the issue, citing the case's sub judice status.Read more

Delhi News Desk

11 Mar 2026

The Delhi Development Authority (DDA) will take direct charge of daily maintenance for its residential flats starting early April 2026. The move covers flats constructed before 2021, where day-to-day upkeep had previously been handled by resident welfare associations or flat owners. Under this system, the authority will provide services such as security, cleaning of common areas, lift and electrical maintenance, minor repairs, and upkeep of water tanks and STP-treated water lines. Flat owners will pay quarterly service charges per square metre, with interest applied on late payments. This initiative aims to ensure consistent maintenance and enhance living conditions in DDA housing pockets.Read more

11 Mar 2026

The National Green Tribunal (NGT) has directed the Ghaziabad district administration to remove encroachments on a lake in Pasunda village, Loni, where a residential colony has been developed. The NGO Society for Voice of Human Rights and Justice alleged that Mahalaxmi Land and Finance Company altered revenue records to allow construction on land officially recorded as a lake under survey number 1564. Earlier reports from the administration were incomplete. The NGT clarified that ongoing High Court proceedings on ownership do not restrict its review of environmental aspects, and scheduled further hearings for late March.Read more

Mumbai News Desk

11 Mar 2026

Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrani addressed concerns regarding the Coastal Road (North) project, noting that decisions involve multiple statutory approvals and cannot be made by a single authority. The project has faced criticism from citizen groups over its impact on nearly 45,000 mangroves. The Bombay High Court continues to monitor compliance, especially compensatory afforestation measures. At the International Arboriculture Conference, experts emphasized integrating urban development with ecological preservation, while officials outlined plans for tree care initiatives, modern arboriculture practices, and citizen engagement in protecting urban greenery.Read more

10 Mar 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has upheld conditions imposed by the Odisha Real Estate Regulatory Authority (ORERA) on the registration of Phase III of a housing project in Ghatikia, Bhubaneswar. The tribunal rejected the developer's challenge and ruled that ORERA's restrictions were justified given unresolved issues relating to land classification and regulatory approvals. The authority had barred the developer from executing sale agreements until the building plan is revalidated, an occupancy certificate is obtained and land records affected by the misclassification of around 1.016 acres as forest land are corrected. The tribunal emphasized that the Real Estate (Regulation and Development) Act, 2016 prioritizes consumer protection and requires developers to meet regulatory compliance before selling units. The ruling reinforces regulatory oversight over real estate projects facing legal or environmental compliance issues.Read more

10 Mar 2026

Goa borrowed INR 4,148 crore in interest-free loans last fiscal year while staying within FRBM limits, according to Chief Minister Pramod Sawant. The state also accessed INR 3,000 crore from NABARD and SIDBI at interest rates of 2.5-5% for rural and industrial infrastructure projects. Despite being eligible for INR 4,500 crore in market borrowings, only INR 2,500 crore was used last year, with plans to borrow just INR 1,000 crore this fiscal. The move reflects a balanced fiscal strategy emphasizing development without overshooting borrowing limits.Read more

Mumbai News Desk

10 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to present the INR 3,000 crore Gargai dam proposal to its civic standing committee for final approval. The 69 metre dam near Ogada village in Palghar district, along with a 2.2 metre tunnel to Modak Sagar reservoir, is expected to add 440 million litres per day to Mumbai's water supply, becoming the city's first new reservoir since Middle Vaitarna in 2014. Work is expected to start by March 2026, with completion targeted in 2029. The project includes village relocation, hydropower generation, and tree transplantation.Read more

Mumbai News Desk

10 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

10 Mar 2026

The Calcutta Stock Exchange has sought a voluntary exit from stock exchange operations under Sebi's Exit Policy, following prolonged regulatory challenges and halted trading since 2013. Sebi has formed a Working Group and appointed a valuation agency to assess CSE's assets, liabilities, and regulatory requirements. Some information is still awaited from CSE. The regulator will decide on the exit after evaluating the exchange's exclusively listed companies, financial position, and any regulatory relaxations needed. The move follows missed deadlines set by the Calcutta High Court for compliance with clearing corporation and net worth norms.Read more

10 Mar 2026

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more