11 May 2026

The Central Bureau of Investigation has filed a chargesheet against AVJ Developers (India) Pvt Ltd, associated companies, bank officials and alleged proxy homebuyers in connection with a large-scale homebuyer fraud and banking irregularities case. The agency stated that the investigation uncovered an alleged builder-bank nexus involving fraudulent representations, misuse of housing loans and diversion of funds, resulting in financial losses to homebuyers and lending institutions. Officials from Bank of India, UCO Bank and ICICI Bank have also been named in the chargesheet. The case relates to housing projects in Greater Noida and forms part of wider investigations into alleged irregularities in the residential real estate sector.Read more

11 May 2026

The Maharashtra Pollution Control Board has intensified enforcement against ready-mix concrete (RMC) plants, issuing closure notices to 84 non-compliant units in Pune and Pimpri Chinchwad as part of a broader crackdown on air pollution. The action follows inspections across hundreds of units, identifying violations such as inadequate dust control systems, improper material handling and non-compliance with environmental norms. The regulator has also issued directions to additional units for corrective action. The move comes amid stricter regulatory norms introduced recently, including mandatory dust suppression infrastructure and location restrictions, reflecting increased scrutiny on construction-linked pollution sources across urban regions.Read more

11 May 2026

The Odisha Real Estate Regulatory Authority (ORERA) has introduced a provision allowing developers to submit quarterly progress reports (QPRs) in hard copy, particularly for projects registered through offline processes. The move aims to address compliance challenges faced by older projects that are not fully integrated into digital systems. QPRs, which include updates on construction status, sales and financial disclosures, remain a mandatory requirement under the Real Estate (Regulation and Development) Act. By enabling physical submissions alongside existing digital mechanisms, the authority intends to improve reporting adherence and ensure greater transparency across registered projects in the state’s real estate sector.Read more

Lucknow News Desk

11 May 2026

The Lucknow Development Authority has revised the payment terms for its Atal Nagar housing scheme, aiming to make homes more affordable for buyers. The authority has reduced the interest rate to 7 percent and extended the repayment period to 10 years, easing the financial burden on allottees. Around 630 unsold flats have been reopened for booking, with prices starting from about INR 9.82 lakh. The move is expected to improve demand, especially among low- and middle-income groups, and help clear existing inventory.Read more

11 May 2026

The Municipal Corporation of Delhi (MCD) has launched a detailed probe into a residential building in Vivek Vihar after a fire incident that led to nine deaths. Preliminary findings indicate possible violations such as deviation from sanctioned plans, absence of a completion certificate, and additional dwelling units beyond permitted limits. Authorities are also examining safety lapses including blocked exits, enclosed balconies, and restricted access points. The incident has once again raised concerns around enforcement of building norms and fire safety compliance in residential areas.Read more

10 May 2026

The Telangana government has decided to take over nearly INR 5,000 crore debt of the Greater Hyderabad Municipal Corporation (GHMC), providing major financial relief to the civic body. The debt, largely raised for infrastructure projects like flyovers, roads and drainage systems, had been putting pressure on GHMC’s finances due to high monthly repayments. The move also removes earlier uncertainty around sharing liabilities with newly formed municipal corporations and is expected to improve financial stability, allowing GHMC to focus more on civic services and ongoing development work.Read more

10 May 2026

The Union Cabinet has approved two semiconductor manufacturing projects in Gujarat under the India Semiconductor Mission, with a combined investment of around INR 3,936 crore. The projects include a Mini/Micro-LED display manufacturing facility and a semiconductor packaging unit, expected to generate over 2,200 jobs. With these approvals, the total number of semiconductor projects in India has increased to 12, attracting investments of about INR 1.64 lakh crore. The move is aimed at strengthening India’s semiconductor ecosystem and supporting growing demand across sectors such as electronics, automotive, and industrial systems.Read more

10 May 2026

A Delhi court has allowed the Enforcement Directorate (ED) to proceed with the confiscation of certain properties linked to fugitive arms dealer Sanjay Bhandari in a money laundering case, according to developments reported earlier this week. The order follows Bhandari’s designation as a fugitive economic offender, enabling authorities to initiate asset seizure under applicable law. The ED had sought confiscation of assets associated with him, including overseas properties, as part of its ongoing investigation. The case has been under judicial consideration for several months, with earlier hearings involving arguments on the legality of confiscation proceedings. The court’s decision marks a procedural step in enforcement action aimed at recovering assets linked to alleged financial irregularities.Read more

10 May 2026

Navi Mumbai Municipal Corporation Commissioner Dr Kailas Shinde conducted an extensive inspection of drain desilting operations, transport infrastructure projects and civic amenities across Navi Mumbai in the past week, directing officials to accelerate pre-monsoon preparedness and complete critical works within stipulated timelines. The review covered major natural drains in Kopri, Vashi and Sanpada, the Ghansoli–Airoli creek bridge project linked to Palm Beach Road, traffic management measures at Talavali Naka, and civic infrastructure including crematorium facilities, health centres and underpasses. During the inspection, the commissioner instructed officials to remove silt immediately after drying, undertake structural audits of ageing infrastructure, and coordinate with multiple agencies to address wastewater contamination in drains flowing into the creek system.Read more

10 May 2026

Eviction of residents at Haji Noorani Chawl in Prabhadevi has commenced, clearing the final obstacle for the 4.5-km Sewri–Worli elevated corridor being implemented by the Mumbai Metropolitan Region Development Authority. The process follows prolonged negotiations over rehabilitation and compensation, which had delayed construction near the Elphinstone bridge stretch. With most tenants vacating, authorities are preparing the site for demolition and construction. The project is expected to improve east–west connectivity in Mumbai, reduce congestion on key arterial roads, and accelerate progress on a critical missing link in the city’s transport network.Read more