02 Apr 2026

The Enforcement Directorate has attached immovable assets worth over INR 270 crore linked to Rajendra Lodha, former director of Lodha Developers, in a money laundering case. The action follows allegations of unauthorised sale of company assets, diversion of funds, and creation of fake documents that led to financial losses. The assets, mainly land parcels in Maharashtra, were attached under the Prevention of Money Laundering Act. The case is based on a Mumbai Police FIR, and the accused is currently in judicial custody as investigations continue.Read more

02 Apr 2026

The Punjab government has approved the Mukh Mantri Mawan Dheeyan Satkar Yojna, a welfare scheme providing INR 1,000 per month to eligible women and INR 1,500 to women from Scheduled Castes. It covers over 97% of women in the state. Women aged 18 and above with Aadhaar and voter ID can receive the benefits through direct transfer. The state has allocated INR 9,300 crore for the scheme. Cabinet decisions also include reforms for converting mortgaged industrial plots to freehold and amendments to improve infrastructure management in industrial areas.Read more

02 Apr 2026

The Lok Sabha has cleared key amendments to the Insolvency and Bankruptcy Code (IBC) to address delays and improve recovery outcomes. The changes introduce a creditor-led, out-of-court resolution process with defined timelines, along with stricter accountability and transparency norms. The move aims to reduce the burden on tribunals, strengthen decision-making by lenders, and ensure better value for stakeholders. These reforms build on the past experience of the IBC framework, which has helped resolve stressed assets but has also faced delays due to litigation and procedural challenges.Read more

02 Apr 2026

The Maharashtra government has announced a policy to regularise residential encroachments on government land that existed before January 1, 2011. Homes up to 500 square feet will be regularised free of cost, while larger structures will attract a fee based on market value. The policy excludes Mumbai and its suburbs, environmentally sensitive areas, and non residential uses. Applicants must provide proof of long term residence, and local authorities will process applications. The move aims to provide legal rights, stability, and security of tenure to families living in such encroachments for years.Read more

Ludhiana News Desk

02 Apr 2026

The Ludhiana Municipal Corporation is grappling with a significant gap in property tax recovery, with nearly one lakh property owners yet to clear dues even as the financial year draws to a close. The civic body has set a collection target of around INR 160 crore, with internal expectations rising to INR 180 crore, but collections have reached only about INR 147 crore so far. Officials have extended working hours and intensified field-level efforts to bridge the gap. The administration has also warned of penalties and interest for non-payment, while acknowledging that previous settlement schemes and administrative constraints have impacted recovery. The situation highlights the continuing dependence of urban local bodies on property tax compliance to sustain municipal finances.Read more

Kolkata News Desk

02 Apr 2026

The New Town Kolkata Development Authority has taken stricter action against unauthorised commercial activities operating from residential buildings in New Town. Multiple property owners have received stop-operation notices for running guest houses, hotels, and similar establishments without approvals. The authority has warned of further action, including closure, if violations continue. This move follows earlier efforts to regulate misuse of residential spaces, address safety concerns, and ensure adherence to planned development norms, as such violations have been increasing steadily across the township.Read more

02 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has ordered Sunrays Heights Private Limited to hand over flats in its 63 Golf Drive affordable housing project in Sector 63, Gurugram, along with interest of about 10.8%-11% per annum for delays extending up to five years. The directive follows multiple complaints from allottees who had paid significant amounts but did not receive possession within the committed timeline. The project, spread across approximately 5.9 acres, had a possession deadline in 2021, but neither occupation certification nor handover was completed. The authority rejected the developer's justifications, including pandemic-related disruptions, and reaffirmed that buyers who remain invested in delayed projects are entitled to monthly interest compensation under the Real Estate (Regulation and Development) Act, 2016.Read more

Mumbai News Desk

02 Apr 2026

The Bombay High Court has directed Indian Railways to implement clear safety announcements on all long-distance trains, warning passengers about stops and non-stops along the route. The move comes after a passenger was injured while attempting to alight from a moving train, with the court awarding INR 80,000 compensation. The bench emphasized that unlike suburban trains, most long-distance services lack clear information for travellers, which increases the risk of accidents. It recommended adopting a system similar to Vande Bharat Express trains to improve safety awareness and reduce boarding-related mishaps.Read more

Lucknow News Desk

01 Apr 2026

The Lucknow Development Authority (LDA) has introduced a one-time settlement (OTS) scheme aimed at enabling defaulters to clear outstanding dues linked to residential, commercial, and institutional properties. The initiative, aligned with a broader state-level policy, allows waiver of penal charges while requiring payment of principal and simple interest. The scheme is expected to benefit thousands of allottees and help recover significant pending revenue. It will remain open for a limited period, with structured payment options and incentives for early settlement. The move is intended to regularise delayed accounts, improve cash flows for the authority, and address long-pending allotment cases across multiple housing and development schemes in Lucknow.Read more

01 Apr 2026

Durg district in Chhattisgarh has retained the top position in the latest performance rankings under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), achieving a score of 89.5% across key indicators. Surajpur and Raipur continue to hold the second and third ranks, while Koriya has shown notable improvement. In contrast, southern districts such as Bijapur, Sukma and Narayanpur continue to lag, with Bijapur recording the lowest score of 50.2% and a house completion rate of 24.6%. The state's overall completion rate stands at 70.2% against a target of 26.27 lakh houses. The data highlights regional disparities in rural housing delivery and implementation efficiency under the central government's flagship scheme.Read more