14 May 2026

• Reserve Bank of India imposed a monetary penalty of INR 31.80 lakh on YES Bank for non-compliance with certain Know Your Customer (KYC) provisions linked to Central KYC Records Registry identifiers.
• Separately, the central bank also levied a penalty of INR 1.8 lakh on Hinduja Housing Finance for non-compliance with governance-related regulatory directions.
• The actions follow supervisory inspections conducted by the RBI with reference to the financial position of the institutions.
• The regulator stated that the penalties were based on deficiencies in regulatory compliance and were not intended to question the validity of transactions or agreements entered into by the entities.Read more

14 May 2026

• BMC has initiated the development of an integrated digital platform to monitor construction and demolition waste movement across Mumbai.
• The proposed system will combine AutoDCR approvals, GPS-enabled vehicle tracking, geo-fencing and enforcement tools to curb illegal debris dumping.
• The initiative comes amid rising construction waste generation linked to redevelopment projects, metro corridors and road concretisation works across the city.
• The civic body has proposed penalties of up to INR 25,000 per vehicle for violations, while integrating recycling facilities, transporters and ward-level monitoring systems into a unified platform.Read more

14 May 2026

• Central Bureau of Investigation conducted searches across 17 premises in Mumbai as part of investigations involving Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited.
• The searches relate to alleged diversion of bank funds and complaints filed by public sector banks and Life Insurance Corporation of India.
• According to the agency, the alleged financial exposure across the cases under investigation stands at around INR 27,337 crore.
• The searches covered residential premises of company directors and offices of intermediary entities allegedly linked to fund diversion in cases associated with the Reliance ADA Group led by Anil Ambani.Read more

14 May 2026

• Mumbai’s Slum Rehabilitation Authority (SRA) has cancelled 181 out of 228 slum redevelopment joint venture projects due to slow progress and feasibility concerns.
• Several government agencies reportedly failed to complete basic groundwork such as surveys, beneficiary verification and redevelopment planning.
• The affected projects cover nearly 2.2 lakh slum households across Mumbai and nearby areas.
• A few projects under agencies like BMC, MHADA and MMRDA will continue, while others may now shift to cluster redevelopment models.
• The move comes amid growing concerns over stalled SRA projects, delayed rehabilitation and long-pending redevelopment across the city.Read more

14 May 2026

• UP-RERA has started an online complaint facility for homebuyers facing excessive transfer charges during property transfers.
• Complaints can now be filed digitally through Form-M on the authority’s e-court portal.
• The move follows the 10th amendment to UP-RERA General Regulations, 2019, which fixed limits on transfer processing fees.
• Developers cannot charge more than INR 1,000 for transfers among family members or legal heirs and INR 25,000 for non-family transfers.
• The authority introduced the mechanism after receiving several complaints about builders demanding very high transfer charges in housing projects.Read more

Mumbai News Desk

14 May 2026

• Mahanagar Gas Limited (MGL) has issued advisories warning residents against fake piped gas registration messages, payment links and fraudulent dealership websites.
• The alert follows incidents in Mumbai where fraudsters allegedly targeted housing societies and residents using fake customer verification and gas connection schemes.
• MGL has clarified that all official applications, payments and dealership-related communications are processed only through authorised channels and its official website.
• The company has advised consumers not to share OTPs, banking details or make payments through unauthorised links, while urging citizens to report suspicious activity immediately.Read more

14 May 2026

A sessions court in Ahmedabad has denied bail to Dashrath Patel, owner of Popular Builders, in a land fraud case involving alleged forged succession documents and disputed ownership records related to land in Godhavi village. Investigators alleged that fake legal heir documents were created to secure illegal mutation entries before the land transaction was executed decades ago. The court considered the seriousness of the allegations, Patel’s previous antecedents, ongoing investigation and concerns over witness influence while rejecting the plea. The case is part of a wider investigation into multiple disputed land transactions and alleged document forgery matters in Gujarat.Read more

14 May 2026

The Pune district administration has started reclaiming government land leased on a long-term basis after identifying several violations during a large verification exercise across the district. Authorities found breaches in nearly 240 land parcels out of more than 2,100 leased properties that were reviewed. Violations included illegal construction, unauthorised land use changes, non-renewal of leases, sub-letting and occupation beyond approved limits. Orders to take back 15 plots have already been issued after hearings. The action follows increased scrutiny over government land transactions in Pune, including the Mundhwa and Tathawade land cases.Read more

13 May 2026

The National Institute of Rock Mechanics (NIRM) has completed geophysical investigations for the proposed Vadhvan Port project in Navi Mumbai, identifying subsurface rock resources required for construction activity. According to the Ministry of Mines’ Annual Report 2025-26, the study covered three quarry sites in Palghar district and estimated that the project would require more than 65 million tonnes of armour rock and aggregates. The investigations mapped rock conditions up to a depth of 40 metres, identifying weathered rock, boulders and hard rock suitable for engineering and marine infrastructure works.Read more

13 May 2026

• The Enforcement Directorate has filed a prosecution complaint against TDI Infrastructure Ltd and its directors in a money laundering case linked to delayed real estate projects in Haryana.
• The investigation is based on multiple FIRs filed by Delhi Police and the Economic Offences Wing following complaints from homebuyers.
• The agency alleged that the company collected around INR 4,619.43 crore from over 14,000 buyers across several residential and commercial projects launched between 2005 and 2014.
• According to the ED, funds collected from buyers were diverted to group entities and other purposes instead of project construction, leading to major delays in possession and incomplete developments.Read more