17 Jul 2026

Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has introduced a new regulatory framework for the collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers. The revised provisions require developers to maintain IFMS in a separate bank account, invest the funds securely and transfer the entire corpus to Residents' Welfare Associations (RWAs) or Associations of Allottees during project handover. The amendment also introduces project-wise IFMS rates, mandatory audits and stricter financial reporting to improve transparency and ensure that maintenance funds are used only for their intended purpose.Read more

17 Jul 2026

The Union Cabinet has approved two National Highway projects in Varanasi involving a combined investment of nearly INR 25,500 crore to ease traffic congestion in the city. The projects comprise two elevated highway corridors linking key national highways and the Varanasi Ring Road along the Varuna and Ganga rivers. Together spanning around 89 km, the developments will include six-lane and four-lane elevated carriageways, bridges, flyovers, ramps and service roads. Both projects will be implemented by the National Highways Authority of India (NHAI) under the Hybrid Annuity Model (HAM), with the aim of improving urban mobility and strengthening connectivity across Varanasi.Read more

17 Jul 2026

The Securities and Exchange Board of India (Sebi) has exempted the Mehta Family Trust, promoted by actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares in Saurashtra Cement Ltd. The exemption has been granted as the transaction is part of an internal family restructuring for succession planning and does not change the company’s control or affect public shareholders. Sebi has imposed certain compliance conditions, including filing a report after the acquisition and completing the transaction within the specified validity period.Read more

17 Jul 2026

The Delhi government has demolished an illegally constructed shrine on government land to facilitate the long-pending Pitampura-Shalimar Bagh road widening project in northwest Delhi. The action, carried out after following due legal procedures and obtaining administrative approvals, removes a key obstacle that had delayed the infrastructure project for years. The widened corridor is expected to ease traffic congestion, improve connectivity between Pitampura and Shalimar Bagh, and enhance commuter safety. The government said the drive reflects its commitment to removing encroachments on public land to ensure timely execution of critical infrastructure projects.Read more

17 Jul 2026

The Supreme Court has transferred a money laundering case against real estate developer Amit Katyal from a special Prevention of Money Laundering Act (PMLA) court in Gurugram to the Special PMLA Court at Saket, Delhi. The case relates to allegations of cheating homebuyers in the Krrish Florence Estate project in Gurugram and the laundering of proceeds of crime linked to the development. While allowing the transfer, the apex court held that both Delhi and Gurugram courts had concurrent jurisdiction, as the alleged concealment of proceeds of crime took place in Delhi while the underlying property transactions and project were located in Gurugram. The Enforcement Directorate (ED) has accused Katyal of fraudulently raising funds from homebuyers, diverting project and bank funds, and illegally disposing of project land during insolvency proceedings.Read more

17 Jul 2026

The Centre has approved INR 1,000 crore for the construction of 2,400 km of rural roads in West Bengal under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and sanctioned one lakh houses under the Pradhan Mantri Awaas Yojana (PMAY). The announcements were made following a meeting between Union Agriculture Minister Shivraj Singh Chouhan and West Bengal Chief Minister Suvendu Adhikari. The Union government has also sanctioned INR 8,508 crore for rural employment initiatives until March 2027, while indicating that the combined outlay for the programmes, including the state's contribution, will exceed INR 12,064 crore. The approvals are intended to strengthen rural connectivity, housing delivery and employment generation across the state.Read more

17 Jul 2026

• The Panchkula Municipal Corporation (MC) has identified around INR 37 crore in pending property tax dues from major defaulters, including hotels, IT companies, commercial establishments and government bodies, as part of an intensified recovery campaign.
• The civic body has begun issuing notices to defaulting property owners and warned that strict enforcement measures, including sealing of properties, may be initiated against persistent defaulters.
• Officials said recovering the outstanding dues is essential to strengthen the corporation's finances and improve the delivery of civic infrastructure and public services across the city.
• The recovery drive follows the conclusion of the property tax interest waiver scheme, after which the municipal corporation has adopted a stricter approach towards tax collection.Read more

Mumbai News Desk

17 Jul 2026

The Bombay High Court has directed the Brihanmumbai Municipal Corporation (BMC) to remove widespread encroachments around the Charkop pond in Kandivali (West) before proceeding with a proposed gabion wall to protect the water body. The court was hearing a 2021 petition filed by the BMC seeking approval for conservation and beautification of the pond, which falls within the 50-metre mangrove buffer zone. The bench flagged construction debris dumped near the site and called for a firm civic stand against illegal occupation.Read more

17 Jul 2026

The Delhi High Court has questioned the authorities over why nearly 24,000 vacant Economically Weaker Section (EWS) flats have not been allotted to slum dwellers facing eviction from settlements near the Prime Minister's residence. Hearing petitions filed by affected residents, the court sought explanations from the Centre, the Delhi Development Authority (DDA) and other agencies on the availability and utilisation of completed housing units. The matter has reignited concerns over rehabilitation policy, implementation of in-situ redevelopment and the utilisation of publicly funded affordable housing stock in the national capital.Read more

17 Jul 2026

Chhattisgarh has completed more than 11 lakh houses under the Pradhan Mantri Awas Yojana (PMAY) over the past two-and-a-half years, with nearly six lakh homes delivered during FY2025-26, the highest annual completion by any state in the country. Chief Minister Vishnu Deo Sai marked the milestone in Raipur by handing over house keys to beneficiaries and releasing a progress report on the 'Mor Gaon-Mor Pani' campaign. The state has also completed 1.51 lakh houses in the first 100 days of the current financial year, while continuing to expand rural water conservation works alongside its housing programme.Read more