04 Jun 2026

• The Income Tax Appellate Tribunal (ITAT) has upheld a family settlement involving transfer of a Delhi property to a daughter-in-law, rejecting the Revenue Department’s tax claim.
• The Tribunal held that the registered gift deed merely formalised an existing family settlement and did not constitute a taxable transfer under the Income Tax Act.
• ITAT also ruled that provisions relating to taxation of certain gifts and property transfers were not applicable, dismissing the Revenue’s appeal against the taxpayer.Read more

04 Jun 2026

• Odisha State Housing Board (OSHB) is planning four new residential projects that will add 6,877 housing units in Bhubaneswar and Rourkela.
• More than 1,800 units have been earmarked for affordable housing categories, including EWS and LIG segments.
• The projects include developments at Suango, Patrapada, Ranasinghpur and Basanti Colony.
• OSHB is also expanding its housing footprint across district headquarters while continuing multiple ongoing projects across Odisha.
• The move is aimed at addressing rising urban housing demand and improving access to affordable homes in key growth centres.Read more

04 Jun 2026

• The Supreme Court has pulled up the Jaipur Development Authority (JDA) for failing to act against commercial establishments operating in residential areas of Jaipur.
• The court expressed dissatisfaction over JDA's failure to file a compliance affidavit and provide details of action taken despite earlier directions.
• The bench observed that planning authorities have a responsibility to protect the residential character of designated housing zones.
• The case is linked to a wider exercise ordered by the Supreme Court to identify and address unauthorized commercial use of residential properties across cities.
• The matter highlights growing judicial scrutiny of urban planning violations, zoning compliance and enforcement by development authorities.Read more

04 Jun 2026

• Ganesh Real Estate Management Institute (GREMI) has inaugurated its City Campus at Million Minds Tech City in Ahmedabad and will begin academic operations from August 2026.
• The institute is Gujarat’s first AICTE-approved standalone institution dedicated exclusively to real estate education and management.
• GREMI is backed by an initial investment commitment of INR 500 crore and plans to develop a 100-acre integrated university campus in Ahmedabad.
• The first batch will comprise around 70 students enrolled in the Postgraduate Certificate in Management (PGCM) in Real Estate Development and Management.
• The institution aims to create a structured education ecosystem for the built environment sector, covering urban planning, real estate finance, construction technology, governance and sustainability.Read more

Gurugram News Desk

04 Jun 2026

• The Punjab and Haryana High Court has clarified that protection from enforcement action applies only to property owners directly involved in the ongoing litigation related to building violations in Gurugram.
• The ruling allows the Department of Town and Country Planning (DTCP) to proceed against thousands of other properties facing allegations of unauthorized construction and misuse.
• The matter is linked to violations reported across DLF Phases 1 to 5, including excess floor coverage, additional floors and commercial activities in residential properties.
• Authorities had previously identified over 5,000 suspected violations and issued notices to property owners.
• The decision is expected to strengthen compliance measures and accelerate enforcement action across several residential colonies in Gurugram.Read more

03 Jun 2026

A Gram Sabha was held in Penumaka village by the Andhra Pradesh Capital Region Development Authority (APCRDA) as part of the ongoing land acquisition process for Amaravati. Senior APCRDA officials informed villagers about the status of land pooling and acquisition activities, highlighting that eligible landowners still have an opportunity to join the Land Pooling Scheme within the prescribed timeframe. Officials also reviewed names included in the acquisition notification, invited objections from residents, and outlined ongoing infrastructure development works in the capital region. Farmers were urged to cooperate with the development process and complete pending registration formalities.Read more

03 Jun 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a Grievance Day programme at its headquarters in Rayapudi, Amaravati, on June 1 to address issues raised by farmers and agricultural labourers in the capital region. A total of 27 petitions were received, covering matters such as the reallocation of returnable plots, land pooling concerns and related issues. Senior APCRDA officials, including Commissioner V. Vijaya Rama Raju and Additional Commissioners A. Bhargav Teja and Kollabathula Karthik, reviewed the representations and assured applicants that their concerns would be examined and resolved at the earliest. The authority also reiterated that grievance petitions can be submitted daily at its Citizen Grievance Center and announced that the dedicated Grievance Day programme will continue every Monday at the Rayapudi office.Read more

03 Jun 2026

Union Housing and Urban Affairs Minister Manohar Lal has reiterated that the Centre can resume government-owned land leased to institutions whenever required for public purposes. The statement follows a notice issued by the Land and Development Office directing Delhi Gymkhana Club to vacate its 27.3-acre Safdarjung Road property in New Delhi. The government has cited defence infrastructure and public security requirements for the move. The dispute has highlighted the Centre’s legal authority over leased public land administered by the L&DO.Read more

03 Jun 2026

The Enforcement Directorate (ED) has arrested Chandigarh-based real estate businessman Vikram Wadhwa in connection with its investigation into the alleged INR 645 crore IDFC First Bank fraud case involving the diversion of public funds from government-linked accounts. Wadhwa was arrested under provisions of the Prevention of Money Laundering Act (PMLA) and is being investigated for his alleged role in the generation, layering and concealment of proceeds of crime. The case relates to the suspected embezzlement of funds belonging to the Haryana government, the Chandigarh Administration and two private schools. Investigators allege that the money was routed through multiple accounts and shell entities before being converted into cash and other assets.Read more

03 Jun 2026

Mumbai Metropolitan Region Development Authority (MMRDA) is progressing a series of transport infrastructure projects aimed at improving mobility across Mumbai and its suburban regions. These include the operational Mumbai Monorail network, Metro Line 2B, ongoing improvements to the Santacruz-Chembur Link Road (SCLR), and the Golden Nest Flyover in Mira-Bhayandar. Together, the projects are expected to enhance multimodal connectivity, reduce travel times, ease congestion on key corridors and support the region’s growing residential and commercial hubs. The initiatives form part of MMRDA’s broader strategy to create an integrated transport network across the Mumbai Metropolitan Region.Read more