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04 Apr 2025
The Maharashtra urban development department (UDD) has reduced premium charges for buildings over 30 years old and up to 18 metres in height within the funnel zone of Chhatrapati Shivaji Maharaj International Airport. As part of amendments to the Development Control and Promotional Rules 2034, the basic FSI for such buildings will be 1, with the option to generate and sell TDR if height restrictions prevent full utilisation. A 60% premium will apply for additional FSI. While the move aims to facilitate redevelopment, experts argue for further relaxations, including reduced charges and increased height limits. Deputy Chief Minister Shri Eknath Shinde stated that measures are being introduced to make redevelopment viable in affected areas like Santacruz, Vile Parle, Andheri, and Kurla.
04 Apr 2025
The Bombay High Court has ruled in favour of 24-hour convenience stores, stating that there are no legal restrictions on their operating hours. The decision follows a plea by Accelerate Productx Ventures Pvt. Ltd., which operates 'The New Shop' in Pune's Hadapsar, challenging police actions forcing closure after 10-11 pm. The court noted that 24x7 stores enhance consumer convenience, boost spending, and generate employment. Police authorities admitted their enforcement was based on a misunderstanding. The court clarified that existing regulations apply only to establishments serving alcohol, theatres, and similar businesses, not general retail stores.
04 Apr 2025
The National Company Law Tribunal (NCLT) has sanctioned the settlement plan for Supreme Infrastructure India, facilitating the resolution of its INR 2,200 crore debt. The strategy includes structured repayments, asset monetisation, and financial adjustments. Financial creditors will receive INR 464 crore for a complete exit, with INR 183.29 crore sourced from asset monetisation and INR 147.23 crore raised through equity from investors and promoters. Additionally, INR 133.48 crore will be paid to creditors by liquidating pledged assets, enabling the release of specific financial charges.
03 Apr 2025
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a INR 4.2 lakh fine on a builder for promoting the 'Sanali Pinnacle' project without necessary approvals and registration. Despite the absence of required permissions from the Greater Hyderabad Municipal Corporation (GHMC), the builder proceeded with marketing the project. TGRERA has ordered the developer to register the project and cease all marketing activities until compliance is met, with further penalties possible for non-compliance.
03 Apr 2025
The Supreme Court has allowed a petitioner to seek interim relief from the Punjab and Haryana High Court regarding Haryana's stilt-plus-four (S+4) floor construction policy. The policy, which permits four-floor residential buildings, has faced opposition due to concerns about infrastructure and environmental impacts in Gurgaon. The High Court had previously rejected the plea, but the SC's ruling enables the petitioner to press for relief in the upcoming hearings. The policy's approval has sparked debate over its timing and potential effects.
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03 Apr 2025
The Andhra Pradesh government has established District Level Allotment Committees (DLACs) to streamline land allocation for economically disadvantaged sections of society. The initiative aims to ensure fair and transparent distribution of land to the underprivileged, particularly those in need of housing. The DLACs will oversee the identification and distribution of land for housing purposes, aligning with the state's objective of providing secure living spaces to low-income families. This initiative forms a key part of the government's broader plan to uplift marginalized communities and promote equitable development.
03 Apr 2025
Starting this month, the Goa police will implement an online tenant verification system to enhance security and streamline the process. This initiative aims to reduce the paperwork and manual checks currently involved in tenant registrations. By shifting to a digital platform, authorities expect to speed up background checks and improve overall compliance. The move will make the process more efficient for property owners and tenants alike while enhancing safety and ensuring timely verification. Digitization is a step towards modernizing policing systems in Goa, focusing on convenience and security.
03 Apr 2025
The Raipur Municipal Corporation has proposed an INR 1,529.53 crore budget for 2024-26, prioritizing urban development. Key initiatives include the construction of women's hostels, a Divyang Park, and infrastructure upgrades. The budget allocates funds for public safety, welfare schemes, and social services, with capital expenditure set at INR 789.89 crore. The proposals aim to enhance sanitation, employment, and the city's overall infrastructure, supporting women's empowerment and community development.
03 Apr 2025
The Bhubaneswar Development Authority (BDA) has reviewed the progress of its town planning (TP) schemes across nine revenue villages, with notable developments including 60 km of embankment roads and 64.9 km of drainage work. BDA is focusing on expanding infrastructure through 14 new TP schemes and ensuring planned development with utilities. The BDA aims to complete 45 TP schemes along a 64.9 km ring road, advancing the city's urban growth while addressing landowner concerns through ongoing hearings.
03 Apr 2025
The Enforcement Directorate has attached assets worth INR 94.82 crore in a money laundering investigation against Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt. Ltd. (SBPL), following complaints from over 950 homebuyers. The allegations claim the company failed to deliver homes on time after collecting INR 520 crore. Chauhan allegedly diverted funds to other ventures, instead of completing the promised properties. The assets include land and buildings in Gurugram. The ED's action is part of a broader probe based on complaints filed by the Delhi Police's Economic Offences Wing.
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