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

12 May 2026

The Andhra Pradesh government has approved investment proposals worth more than INR 2 lakh crore through the State Investment Promotion Board (SIPB), covering sectors including data centres, renewable energy, manufacturing and industrial infrastructure. The approvals were granted during the 17th SIPB meeting chaired by Chief Minister N Chandrababu Naidu in Amaravati. Among the largest proposals cleared were Reliance Industries’ data centre project in Visakhapatnam and a solar power and battery storage project in Sri Sathya Sai district. The board also approved an Adani Group pumped storage project in Kadapa and a Royal Enfield manufacturing facility in Tirupati. Officials stated that 25 projects with a combined investment of INR 2,01,023 crore were cleared and are expected to generate around 39,000 jobs. The state government directed departments to ensure faster implementation and time-bound execution of approved projects.Read more

12 May 2026

The Securities and Exchange Board of India (SEBI) has directed providers of designated ‘significant indices’ to apply for registration within six months under the SEBI (Index Providers) Regulations, 2024. In a circular issued earlier this week, the regulator defined significant indices as benchmarks tracked by mutual fund schemes with average cumulative assets under management (AUM) exceeding INR 20,000 crore for six consecutive months. SEBI also released an initial list of 48 significant indices, including Sensex, Nifty 50, Nifty Bank and several debt and hybrid benchmarks administered by NSE Indices, BSE Index Services and CRISIL. The move forms part of a broader regulatory framework aimed at increasing transparency, governance standards and accountability in the administration of market indices used across India’s securities ecosystem.Read more

12 May 2026

The Bombay High Court has heard a batch of writ petitions challenging mutation entries made by the Maharashtra government on land parcels in Yeoor village, Thane, under the Maharashtra Private Forest (Acquisition) Act, 1975. The petitions were filed by multiple landowners, including Roselind Pauly and others, who argued that their lands were wrongly recorded as vested with the State through Mutation Entry No. 616. The petitioners relied on a 2016 division bench judgment in Dr Arjun Sitaram Nitanwar vs Tahsildar, District Thane and Others, where certain land parcels in the same village were declared not to be private forest land and the mutation entries in favour of the State were cancelled. A division bench comprising Justices Bharati Dangre and Manjusha Deshpande directed the government to seek instructions from revenue authorities before the matter is heard further later this month.Read more

12 May 2026

The Ahmedabad Municipal Corporation (AMC) has generated INR 365.8 crore through the online auction of two commercial land parcels in Bodakdev, Ahmedabad. The auctions received strong participation from developers and investors, reflecting sustained demand for premium commercial locations in the city’s western corridor. While the two Bodakdev plots secured successful bids above or close to the reserve price, three other plots in Thaltej, Motera and Shilaj did not receive bids. The transactions are expected to be finalised after approval from AMC’s reconstituted standing committee following the recent municipal election process.Read more

12 May 2026

Uttar Pradesh Real Estate Regulatory Authority has capped the processing fee for transfer of flats to legal heirs at INR 1,000 in cases involving the death of the original allottee, introducing revised provisions aimed at preventing arbitrary charges by developers. The amendment to Regulation 47 was announced by UP RERA Chairman Sanjay Bhoosreddy during the authority’s 10-year completion review earlier this week. The regulator stated that several complaints had been received against builders allegedly charging transfer fees running into lakhs of rupees. The revised framework also fixes a maximum charge of INR 25,000 for transfers outside blood relations and standardises documentation requirements. UP RERA additionally highlighted strong growth in project registrations and investment inflows across Uttar Pradesh’s real estate sector.Read more

12 May 2026

The Haryana State Pollution Control Board (HSPCB) has issued show-cause notices to two residential projects along Gurugram’s Dwarka Expressway after inspections found alleged discharge of untreated sewage into nearby drains. The action was part of a larger compliance drive covering multiple high-rise housing societies to check whether sewage treatment plants (STPs) were operating as per environmental norms. Water samples have been collected for laboratory testing, while authorities have warned of strict action against projects violating pollution rules. The inspections come amid increasing concerns over sewage management, rapid urban expansion, and pressure on Gurugram’s drainage infrastructure.Read more