2 hours ago

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a dedicated INR 5,070 crore scheme to accelerate floating solar power development across India. The initiative aims to add 5,000 MW of floating solar capacity along with 10,000 MWh of energy storage systems by FY 2030-31. The scheme will provide financial assistance for project development and feasibility studies while encouraging domestic manufacturing, reducing dependence on land for renewable energy projects, strengthening grid reliability, and supporting India's clean energy and climate goals.Read more

3 hours ago

The Delhi High Court has sought the Enforcement Directorate’s (ED) response to a petition filed by Nayan Raheja, director and son of the chairman of Raheja Developers, seeking the quashing of a money laundering case registered in 2022. The case is linked to the alleged diversion of funds collected from homebuyers for housing projects that witnessed prolonged delays. The court has directed the ED to file its response and scheduled the matter for further hearing. The case stems from allegations involving around 4,600 delayed residential units and alleged misuse of homebuyers’ funds.Read more

4 hours ago

Real estate industry bodies CREDAI and NAREDCO have welcomed the Union Ministry of Housing and Urban Affairs' advisory asking state Real Estate Regulatory Authorities (RERAs) to grant a four-month extension for eligible real estate projects affected by disruptions linked to the ongoing West Asia conflict. The advisory, issued under the Force Majeure provisions of the Real Estate (Regulation and Development) Act (RERA), seeks to address delays caused by shortages of construction materials resulting from global supply chain disruptions. Industry leaders said the measure would provide regulatory clarity, ease pressure on developers, help maintain construction quality and reduce the risk of litigation, while urging state regulators to implement the extension without delay.Read more

6 hours ago

The Karnataka government has announced that residential plots allotted by state housing boards and development authorities will be reclaimed if allottees fail to construct houses within five years of taking possession. The decision aims to curb speculative land holding, ensure faster utilisation of residential land and make housing plots available to genuine homebuyers. Authorities will also monitor implementation through periodic reviews, with the policy expected to improve land use efficiency, accelerate housing development and discourage long-term vacancy across state-allotted residential layouts.Read more

9 hours ago

Mumbai Port Authority (MbPA) has announced a stricter enforcement strategy against lease rental defaulters and unauthorised occupants across its Eastern Waterfront land parcels. The initiative seeks to recover pending dues, address lease violations and ensure better utilisation of port-owned land earmarked for future redevelopment. The move forms part of the Authority's broader efforts to strengthen land governance, improve revenue realisation and facilitate implementation of major infrastructure and waterfront development projects planned for Mumbai's eastern coastline.Read more

10 hours ago

Uttar Pradesh's real estate sector recorded steady growth during the first half of 2026, with UP RERA registering more projects, higher proposed housing units and increased investments compared to the corresponding period last year. While Lucknow led in new project registrations, Gautam Buddh Nagar remained the largest market in terms of investment and proposed housing supply. The report also highlighted the state's consistent real estate growth over the past three years, along with UP RERA's efforts in consumer protection through refunds, dispute resolution and grievance redressal initiatives.Read more

11 hours ago

The Odisha government has placed its flood management machinery on high alert as the Mahanadi river system is expected to witness a medium flood following heavy inflows from upstream catchment areas. Authorities have activated emergency response measures, mobilised rescue teams and directed district administrations to closely monitor vulnerable locations. The state is also coordinating reservoir management and relief operations to minimise the impact on people living in low-lying areas along the Mahanadi basin.Read more

12 hours ago

The Vigilance and Anti-Corruption Bureau (VACB) has closed its preliminary inquiry into allegations against Kerala Chief Minister Pinarayi Vijayan and Leader of Opposition V.D. Satheesan in connection with the Punarjani rehabilitation initiative launched after the 2018 floods. The agency stated that it found no evidence to substantiate allegations of misuse of foreign contributions or financial irregularities under the project. The closure brings an end to the vigilance examination initiated following complaints regarding the implementation of the rehabilitation programme.Read more

14 hours ago

The Maharashtra forest department has disputed Thane Municipal Commissioner Saurabh Rao’s claim that the ongoing INR 2,800 crore Transferable Development Rights (TDR) dispute arose because the department failed to challenge a Bombay High Court order within the prescribed time. Senior officials said the proposal to file a Special Leave Petition (SLP) remained pending with the state Law and Judiciary Department for nearly two months before the department decided to proceed independently. The dispute relates to a decades-old ownership battle over nearly 193 acres of land in Thane and has also attracted political attention due to the land's high value.Read more

03 Aug 2026

The Securities and Exchange Board of India (Sebi) has barred Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and Managing Director & CEO Punit Goenka for one year over the unauthorised pledge of the company's Hyderabad land to secure loans taken by promoter-linked Essel Group entities. In addition to the market restrictions, Sebi imposed cumulative penalties of INR 1.48 crore on the company and the two executives. The regulator found that ZEEL failed to obtain mandatory approvals and did not disclose the related-party transaction in its financial statements, despite senior management being aware that the property had been pledged as collateral.Read more