Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
17 Apr 2026
Authorities have issued eviction notices to residents of seven slum settlements in Dharavi's Sector 6, asking them to vacate ahead of the monsoon to facilitate redevelopment works. Around 3,500 households on railway land in Matunga have been asked to relocate to enable construction of 10 rehabilitation buildings planned under the Dharavi Redevelopment Project (DRP), which aims to house nearly 11,000 families. The land has been incorporated into the notified redevelopment area, with officials stating that early clearance is necessary to begin construction. Residents and activists have raised concerns over lack of clarity on rehabilitation timelines, eligibility and long-term housing arrangements, despite short-term rental compensation being offered.Read more
17 Apr 2026
The Enforcement Directorate (ED) has arrested Amitabh Jhunjhunwala and Amit Bapna, former senior executives of the Anil Ambani-led Reliance Group, in connection with an alleged bank loan fraud and money laundering case. The arrests relate to transactions involving Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd, where funds were allegedly diverted through shell entities. The action follows investigations initiated on the basis of FIRs registered by the Central Bureau of Investigation. The accused have been produced before a court, with the ED seeking custody for further interrogation. The case centres on suspected irregularities in loan disbursals and fund utilisation across group-linked financial entities.Read more
17 Apr 2026
The Haryana government has approved housing projects for 2,646 beneficiaries across 60 urban local bodies under PMAY-U 2.0, targeting EWS, LIG and MIG segments. The scheme continues to see strong demand, with over 1.69 lakh registrations recorded. Financial assistance of INR 2.5 lakh per beneficiary will be provided under the beneficiary-led construction model. The state has also reviewed earlier approvals, fund releases and progress on geo-tagging. Alongside new sanctions, capacity-building plans and monitoring systems have been strengthened to improve execution, quality control and timely delivery of houses.Read more
17 Apr 2026
The Central Bureau of Investigation carried out searches across 77 locations in eight states as part of an ongoing probe into alleged collusion between builders and financial institutions. The action followed the registration of 22 fresh cases under Supreme Court directions, taking the total to 50 FIRs. The investigation focuses on irregularities linked to subvention schemes, where homebuyers were burdened with loan repayments despite project delays. Officials seized documents and digital records during the searches. The probe aims to track fund diversion, identify accountability gaps and address complaints raised by affected homebuyers across multiple housing projects.Read more
17 Apr 2026
Ladakh Lieutenant Governor Vinai Kumar Saxena reviewed progress at the eastern portal of the Zoji La tunnel project in Drass, assessing construction milestones and timelines for the strategically significant corridor. The INR 6,808.69 crore project, being executed by Megha Engineering & Infrastructure Ltd, is expected to achieve tunnel breakthrough by mid-2026, with full completion targeted for early 2028. Officials briefed that advanced tunnelling techniques and safety features are being deployed, although challenging geological conditions have affected progress in certain stretches. The tunnel is intended to provide all-weather connectivity between Srinagar and Ladakh, improving mobility, logistics, and regional access. The review comes amid continued focus on expediting execution of key infrastructure projects in border regions.Read more
17 Apr 2026
The Patna Municipal Corporation (PMC) has initiated a comprehensive citywide property survey to address revenue leakages and identify discrepancies in property records. The exercise, undertaken in the past week, aims to bridge the gap between over five lakh electricity connections and only around 3.06 lakh registered properties. The survey will involve door-to-door verification, geo-tagging, and cross-checking of self-assessed data to detect unregistered holdings and misuse of residential properties for commercial purposes. The move follows directions from the urban development and housing department and aligns with a Supreme Court mandate requiring states to report unauthorised land-use changes. The initiative is expected to strengthen property tax collection, improve compliance, and enhance municipal financial capacity for urban infrastructure.Read more
17 Apr 2026
The Mangaluru City Corporation (MCC) has initiated enforcement measures against residential properties discharging sewage into Moilykere lake in Mahakalipadpu, Mangaluru, following persistent pollution concerns. Notices have been served to houses and apartment complexes identified as sources of untreated sewage inflow, with legal action proposed under provisions of the Karnataka Municipal Corporations Act. The issue, raised in the state legislature, prompted a site inspection by the state's urban development authorities. The absence of an underground drainage (UGD) network in the area has been identified as the primary cause, affecting nearly 400 households across adjoining localities. Civic authorities are concurrently working to identify land for a wet well to enable long-pending UGD infrastructure aimed at addressing sewage management and restoring the lake.Read more
17 Apr 2026
The Enforcement Directorate (ED) has carried out search operations at multiple premises linked to Gurugram-based real estate group 32nd Avenue in connection with an alleged investor fraud estimated at around INR 500 crore. The action, undertaken in the past week, covered seven locations across Delhi-NCR and Goa as part of a money laundering probe initiated under the Prevention of Money Laundering Act (PMLA). The investigation stems from multiple FIRs registered by the Haryana Police following complaints from investors who alleged financial irregularities and misrepresentation. Authorities indicated that promoter-directors of the group are either absconding or in judicial custody. The probe is focused on tracing the flow of funds and identifying assets potentially linked to the alleged fraud, reflecting continued enforcement scrutiny in high-value real estate transactions.Read more
16 Apr 2026
Nagpur Municipal Corporation has seen a drop in property tax collections despite an increase in the total number of properties. Around 3.76 lakh property owners have not paid their dues, affecting one of the civic body's main revenue sources. Collections remain lower than last year even as targets were raised. Recovery work was also impacted due to election duties, while some zones showed weak compliance. The situation highlights gaps in enforcement and property tracking, even as the civic body continues to explore rebates and stricter recovery measures.Read more
16 Apr 2026
CREDAI MCHI Thane is set to host the 22nd edition of its Property Expo from 17 to 20 April at Dosti West County, Balkum. The four-day event will feature over 100 RERA-approved projects from 40+ developers, along with participation from leading financial institutions. With housing options starting from INR 50 lakh to premium homes and commercial spaces, the Expo aims to attract both homebuyers and investors. It will also showcase Thane's infrastructure-led growth, supported by projects such as the Thane Metro and Borivli-Thane tunnel, which are improving connectivity and driving real estate demand.Read more