12 May 2026

The Bhubaneswar Development Authority has introduced a draft Standard Operating Procedure for land parcel reconstitution under Town Planning Schemes 42 to 45 in Zone IV, covering areas such as Bijipur, Kasipur, Bhagabanpur, Baliapada, and Patrapada. The SOP aims to create a structured and transparent process for handling land reconstitution, ensuring fair distribution of developed plots among landowners. It includes provisions for voluntary and mandatory amalgamation of land parcels, along with a standard 40% deduction and 60% return of land. The framework is expected to reduce disputes and improve planning efficiency.Read more

12 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a consortium for the redevelopment of the 33-acre Abhyudaya Nagar layout in Kalachowki, South Mumbai. The large cluster redevelopment project covers 48 old buildings and more than 3,400 residential and commercial units. Existing residents living in nearly 210 sq ft homes are expected to receive 641 sq ft carpet area rehabilitation flats free of cost. The project is part of MHADA’s larger redevelopment push across Mumbai to replace ageing housing stock and improve infrastructure in older residential colonies.Read more

12 May 2026

• MMRDA’s feasibility study for the Versova–Dahisar Link Road outlines alignment, engineering and transport planning for the northern extension of the Mumbai Coastal Road project.
• The study evaluates routes aimed at reducing land acquisition and minimising impact on mangrove and Coastal Regulation Zone areas across Mumbai’s western suburbs.
• The report includes passenger and freight movement projections up to 2041 to support long-term regional transport planning and connectivity improvements.Read more

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