Delhi News Desk

19 May 2026

The Delhi government is considering a substantial increase in financial assistance for the maintenance and development of parks and gardens across the national capital, including a proposal to provide 100 per cent funding for eligible projects undertaken by RWAs, NGOs and registered societies. The proposal includes raising annual maintenance support from INR 2.55 lakh per acre to INR 3.8 lakh per acre and increasing one-time assistance for development of new parks from INR 1 lakh per acre to INR 2.9 lakh per acre. Additional grants of up to INR 2.5 lakh per acre have also been proposed for upgrading existing parks and civic amenities. Chief Minister Rekha Gupta stated that the initiative is aimed at strengthening Delhi’s green cover, improving urban environmental conditions and encouraging greater community participation in neighbourhood park management.Read more

19 May 2026

• SEBI has proposed phased physical settlement for select agricultural commodity derivatives contracts.
• Contracts may initially trade as financially settled instruments before shifting to mandatory physical settlement.
• Transition to physical delivery would be linked to trading volume, open interest thresholds or a two-year timeline.
• SEBI has invited public comments on the proposal until 2 June 2026.Read more

18 May 2026

The Maharashtra government has approved housing advances amounting to INR 1,768 crore for more than 5,400 police personnel under a state-backed financial assistance scheme aimed at supporting home purchases and residential construction. The approvals were granted through the state home department and are intended to assist serving police officers and staff in acquiring permanent housing across Maharashtra. Officials stated that the sanctioned advances cover personnel from multiple police units and departments and form part of broader welfare measures for the state police force. The move comes amid continued demand for improved residential support and housing access for government employees, particularly in urban centres where rising property values and rental costs have increased financial pressures. The initiative is expected to support home ownership among police personnel while strengthening employee welfare infrastructure within the state administration.Read more

Ghaziabad News Desk

18 May 2026

• A major fire at the Gaur Green Avenue society in Ghaziabad damaged multiple flats and triggered fresh concerns over fire preparedness in NCR’s high-rise residential projects.
• Residents alleged lapses in emergency response, blocked access routes and non-functional fire safety systems during the rescue operation.
• An inquiry panel reviewed the incident but stated that the exact cause of the blaze could not be conclusively identified.
• Following the fire, authorities issued notices to nearly 150 residential and commercial properties in Ghaziabad for violations related to fire safety norms and emergency access.Read more

Noida News Desk

18 May 2026

The Noida Authority has launched a large-scale plot allotment scheme comprising industrial, institutional, commercial, hospital, hotel and corporate office land parcels across multiple sectors in Noida. The scheme includes a 29,408 sq m commercial plot carrying a reserve price of INR 758 crore, making it the highest-valued parcel under the current offering. Authorities stated that the plots will be allotted through e-auction and interview-based processes beginning this month. The launch comes amid rising investor interest linked to infrastructure expansion and the upcoming operationalisation of the Noida International Airport. The scheme also includes hotel, healthcare and educational institution plots across sectors including 18, 19, 42, 71, 93-B, 94, 96, 117, 124, 142, 145 and 153.Read more

18 May 2026

• Maharashtra’s Chief Controlling Revenue Authority has upheld a stamp duty demand and penalty amounting to nearly INR 21 crore against Amadea Enterprises LLP over a land transaction in Mundhwa, Pune.
• The dispute relates to the acquisition of approximately 40 acres of former Mahar Watan land for around INR 300 crore through a sale deed registered in May 2025.
• Authorities found that the firm claimed stamp duty exemption under the state’s IT/ITES policy without securing the required approval from the District Industries Centre.
• The registration department ruled that the concession was incorrectly availed after only INR 500 was paid during execution of the transaction.
• The matter remains under legal and administrative scrutiny, with the company expected to pursue further remedies under the Maharashtra Stamp Act.Read more

18 May 2026

• The Securities and Exchange Board of India (SEBI) is reviewing the 2015 municipal debt regulations to make it easier for local bodies to raise funds.
• The proposed changes will allow more urban local bodies and statutory organisations to issue bonds for city-level infrastructure and development projects.
• A new framework for 'Green Muni Bonds' has been introduced to attract investment specifically for sustainable and environmentally friendly civic initiatives.
• The regulator aims to improve transparency and financial reporting standards to encourage institutional investors to fund public utility and smart city work.Read more

18 May 2026

• The Maharashtra government has approved around INR 104.48 crore for land acquisition for the proposed greenfield airport in Gadchiroli district.
• The airport project will be developed across four villages in Chamorshi taluka with more than 311 hectares identified for acquisition.
• Maharashtra Airport Development Company (MADC) has been appointed as the nodal agency for implementation of the project.
• The proposed airport is expected to improve regional air connectivity and support upcoming industrial and mining investments in eastern Maharashtra.
• The project has also faced resistance from some local farmers over concerns related to land acquisition and livelihood impact.Read more

18 May 2026

The Karnataka government has launched the ‘Bhoo Guarantee – Nanna Khata, Nanna Hakku’ programme aimed at digitising and regularising nearly 23 lakh properties across Bengaluru. The initiative includes a 100-day one-time settlement window allowing around seven lakh B-Khata property owners to convert their holdings into A-Khata status by paying 2% of the guidance value instead of the existing 5% fee. The programme, announced by Deputy Chief Minister D K Shivakumar, also proposes relaxation in building violation norms and expansion of property digitisation through Aadhaar-linked records and GIS mapping. Weekly open-house camps will be organised across Bengaluru to support property owners with e-Khata services and grievance resolution. The move is expected to impact property documentation, transactions, utility access and regularisation across the city’s residential market.Read more

18 May 2026

The National Company Law Tribunal has approved the withdrawal of insolvency proceedings against Nobility Estates, the developer of ATS Group’s Le Grandiose project in Noida, after lenders and the company’s earlier management reached a settlement. The proposal received more than 92% approval from the committee of creditors, including strong backing from homebuyers. The settlement includes repayment commitments, allocation of residential units to lenders, and timelines for regulatory approvals and project completion. The tribunal has restored management control to the company’s board, bringing temporary relief to homebuyers and lenders involved in the stalled project.Read more