08 Jan 2026

The Enforcement Directorate has provisionally attached assets worth INR 400 crore as part of its ongoing money laundering investigation into alleged fund diversion by the Jaypee Group. The action covers properties linked to a trust associated with former Jaypee Infratech managing director Manoj Gaur and a real estate firm connected to a Noida-based broker. The case relates to alleged misuse of homebuyers funds collected for stalled housing projects in Noida. The probe follows multiple FIRs and earlier arrests connected to the matter.Read more

Hyderabad News Desk

08 Jan 2026

The Enforcement Directorate (ED) in Hyderabad has filed a supplementary prosecution complaint against two senior former executives of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL) as part of its ongoing money laundering investigation. The case involves alleged misappropriation of over INR 360 crore from more than 700 homebuyers across multiple unapproved projects, including the Sarvani Elite development. Funds were reportedly diverted through complex banking transactions, overseas remittances, and cash withdrawals. The agency has seized documents, frozen accounts, and provisionally attached assets worth INR 169.15 crore while the accused remain in judicial custody.Read more

08 Jan 2026

The Manikpur police in Mumbai have registered an FIR against Neeraj Vora, director of Aiko Builders Pvt Ltd, for allegedly cheating a Vasai-based construction businessman of more than INR 30 crore in a real estate transaction linked to a land parcel in Mira Road. The complaint alleges that Vora misrepresented his ownership of the land and induced the investor with assurances of allotting a large built-up area in a proposed development. Despite receiving substantial funds and providing security cheques, the promised project failed to materialise. Subsequent agreements to either transfer the land or refund the investment at a higher valuation also allegedly went unfulfilled, with only a small portion of the money returned. Police are now investigating financial transactions, agreements and land records to determine the extent of the alleged fraud.Read more

Bangalore News Desk

08 Jan 2026

The Supreme Court has cautioned authorities against raising the permitted floor area ratio (FAR) in Bengaluru without addressing associated civic infrastructure concerns, highlighting the need to balance development with urban sustainability. The warning came during hearings on petitions challenging proposed FAR increases that developers say will unlock additional construction potential. However, civic bodies and resident groups raised alarms over inadequate roads, water supply, drainage and waste management in the city's core areas, asserting that higher FAR could worsen congestion and strain existing services. The court emphasised that expansion of development rights must be matched by commensurate improvements in urban infrastructure and planning, signalling judicial scrutiny of real estate regulation when civic capacities lag behind growth.Read more

Bangalore News Desk

08 Jan 2026

The Karnataka government has relaxed building regulations for small residential plots in Bengaluru to make home construction more affordable and boost housing activity. Under the revised rules, owners of plots up to 1,000 sq ft can now construct homes with simplified approval processes and reduced regulatory hurdles, including eased floor area ratio (FAR) limits and streamlined clearance norms. The move aims to unlock the potential of underutilised small parcels of land, promote incremental housing development, and address the city's growing demand for affordable homes in inner-city neighbourhoods. Officials say these changes will benefit first-time buyers and individual plot owners, accelerate construction timelines, and support grassroots growth in Bengaluru's residential real estate landscape.Read more

08 Jan 2026

Karnataka Real Estate Regulatory Authority (K RERA) has moved to make it mandatory for developers to clearly specify parking slot details in both allotment letters and sale agreements for residential projects. Builders will now have to disclose the exact slot number, type, dimensions, and precise location according to the approved parking plan. The step follows repeated complaints from homebuyers about unclear or inconvenient parking allocations. The directive is expected to reduce disputes, improve transparency, and ensure buyers are fully aware of parking arrangements before completing transactions.Read more

07 Jan 2026

In Chomu (Rajasthan), the local Land, Survey & Ground (LSG) department has initiated action against 20 unauthorised buildings by imposing demolition costs on property owners responsible for illegal construction. Officials charged the costs after determining that the structures lacked requisite approvals under town planning and building regulations. Property owners have been directed to pay the demolition expenses or face enforcement action, reinforcing the authority's commitment to upholding land use and construction norms. The move follows sustained violations in Chomu's urban periphery and is aimed at deterring further unauthorised development. Local residents and civic bodies view the action as a firm step toward ensuring compliance and orderly development in the growing town.Read more

07 Jan 2026

Villagers in Chimbel, Goa, have intensified their protest against the proposed Unity Mall project, demanding its complete cancellation over environmental and community-related concerns. The agitation has seen widespread participation from local residents, including women and senior citizens, who argue that the project threatens the ecologically sensitive Toyaar Lake area and disrupts the village's social fabric. Protesters claim that the development has moved ahead without adequate local consultation and could cause long-term ecological damage. Demonstrations, hunger strikes and public meetings have been organised, with residents warning that the agitation will continue until the project is withdrawn. The state government has indicated openness to dialogue, but villagers remain firm in their stance against the development.Read more

Kolkata News Desk

07 Jan 2026

The Kolkata Municipal Corporation (KMC) has launched an urgent demolition drive targeting structurally unsafe and hazardous buildings across the city to protect public safety and prevent potential collapses. The action follows engineering assessments and multiple notices issued to property owners whose structures were found to be at risk due to poor maintenance, structural defects or unauthorised alterations. Under the drive, identified buildings are being cordoned off and demolition work initiated where necessary, with rescue and traffic management measures in place to ensure safety. KMC officials have called on landlords and residents to cooperate and complete demolition or repairs within specified timelines, emphasising that timely intervention is critical to safeguard lives and urban resilience.Read more

07 Jan 2026

The Uttar Pradesh government has approved a sharp reduction of up to 90% in stamp duty and registration charges for rent agreements. The decision, cleared by the state Cabinet, aims to encourage formal registration of rental contracts and reduce disputes arising from informal agreements. The revised structure replaces percentage-based charges with lower fixed fees linked to rent value and agreement tenure. By making registration more affordable, the state expects higher compliance, improved legal clarity for landlords and tenants, and better regulation of the rental housing market.Read more