What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
29 Nov 2024
The Greater Hyderabad Municipal Corporation (GHMC) demolished a five-storey building in Gachibowli for being constructed without proper permissions. Built on a 50-square-yard plot, the structure posed safety risks after excavation on an adjacent plot damaged its pillars. The neighbouring plot owner failed to meet setback requirements, prompting a police case. GHMC is consulting legal experts to take further action against the building's owner, who had been paying utility bills despite lacking approvals. This incident underscores the challenges of unauthorised constructions in Hyderabad, with authorities pledging stricter enforcement of building norms to ensure safety in the city's rapidly expanding areas.Read more
29 Nov 2024
A Mumbai Sessions Court upheld the conviction of Premal Parekh and Neha Parekh, directors of Brajesh Construction Pvt Ltd, for failing to deposit INR 43.4 lakh in tax deducted at source (TDS) within the stipulated period. The Income Tax Department initiated the case, leading to a magistrate court sentencing the duo to three months of imprisonment and a fine of INR 5,000. The court dismissed their appeal, citing insufficient evidence to justify delays, despite claims of financial difficulties. It emphasized that statutory obligations cannot be excused without substantial proof, reinforcing the necessity of timely compliance with tax regulations to ensure corporate accountability.Read more
29 Nov 2024
During its recent 'Pradhikaran Diwas,' the Lucknow Development Authority (LDA) received 41 applications concerning mutation, property transfers, and illegal constructions. Among these, 13 cases were resolved immediately, highlighting LDA's commitment to swift grievance redressal. A significant complaint by Sanjay Kesarwani, a Rakabganj resident, alleged illegal encroachment on his allocated plot in Ramnagar under the Aishbagh Yojana. In response, LDA Vice Chairman Prathemesh Kumar directed officials to inspect the site and submit a report within a week. The initiative reinforces LDA's dedication to resolving disputes and protecting citizens' property rights through transparency and accountability in urban governance.Read more
29 Nov 2024
In response to criticism over delays in building permission approvals, the Hyderabad Metropolitan Development Authority (HMDA) has set a deadline for officers to clear applications within 10 days. A special drive has been launched to reduce pending applications older than 30 days, with positive results already observed. From June to October, HMDA received 1,884 applications, marking a 396 increase compared to the previous year. The disposal of applications has also risen by 14%, showcasing improved efficiency. HMDA Metropolitan Commissioner Sarfaraz Ahmad expressed confidence that these measures would continue to improve the approval process and address concerns from developers and builders.Read more
29 Nov 2024
The Calcutta High Court granted an interim stay on the demolition of alleged illegal constructions in Mandarmoni, West Bengal, following a petition from the Mandarmoni Hoteliers' Association. The petitioners contested a demolition notice issued by the West Bengal Coastal Zone Management Authority (WBCZMA), arguing that the absence of a published Coastal Regulatory Zone (CRZ) made the demolition order legally invalid. Justice Amrita Sinha suspended the enforcement of the notice until December 13, pending further review. The court directed respondents to submit reports by December 4, with petitioners allowed to reply by the next hearing on December 10.Read more
29 Nov 2024
The Telangana Waqf Board is facing significant challenges, with over 75% of its properties encroached upon and more than 3,500 legal cases underway to reclaim approximately 55,000 acres of land worth billions of rupees. The board claims ownership of over 77,000 acres across the state, but only 22,000 acres are free from litigation. Contributing factors include outdated land records by the revenue department, occupation by squatters, and delays in issuing necessary gazette notifications. As the Waqf (Amendment) Bill 2024 looms, Waqf officials worry about the potential requirement to prove land ownership, complicating their reclamation efforts.Read more
28 Nov 2024
The impending merger of the Secunderabad Cantonment with the Greater Hyderabad Municipal Corporation (GHMC) is expected to include specific stipulations. A recent communication from the Directorate General of Defence Estates (DGDE) mandates that construction on 'old grant' lands will still require prior approval from defence authorities. While municipal laws will govern the civil area, the DGDE clarified that any defence land subject to old grant terms will remain under military oversight. Local residents assert their ownership rights over these properties, pointing to historical documents from the Nizam era that support their claims.Read more
28 Nov 2024
The Karnataka High Court has clarified that banks can sell mortgaged property in case of loan defaults, even if the state has granted land with non-alienation clauses. The court annulled a July 2023 endorsement preventing South Canara District Central Cooperative Bank Ltd. from enforcing its mortgage on land allotted under the Ashraya Yojana. While the state can penalize beneficiaries who misuse grants, it cannot hinder banks from reclaiming defaulted loans, thereby supporting housing initiatives for the economically disadvantaged.Read more
28 Nov 2024
The Kolkata Municipal Corporation (KMC) has intensified efforts to reclaim encroached government land, recovering 150 bighas, including 121 bighas in Garden Reach. Targeted areas include EM Bypass zones such as Paschim Chowbagha, Nayabad mouza, and Nonadanga. To combat encroachment on East Kolkata Wetlands (EKW), KMC and the state land department are collaborating under a chief secretary-led committee. The Kolkata Metropolitan Development Authority (KMDA) has also demolished illegal constructions and lodged 45 FIRs. The reclaimed land will support urban planning, addressing the growing demand for housing and commercial facilities while ensuring sustainable development and deterring future encroachments.Read more
28 Nov 2024
The Telangana RERA has fined Sterling Homes INR 17.9 lakh for failing to complete the Sterling Orchids residential project in Mallampet on time. Originally slated for completion in July 2023, the project faces allegations of construction delays, plan deviations, and lack of transparency from homebuyers. RERA has directed Sterling Homes to finish all pending work, including promised amenities, within 90 days and compensate buyers with 10.95% annual interest on payments made. Both buyers and the developer must fulfil their obligations to ensure the project's timely completion.Read more