25 Jun 2026

Industry bodies and business leaders have welcomed the West Bengal government's first full budget, citing proposals related to land reforms, infrastructure development, industrial incentives and emerging technology sectors as measures that could improve the state's investment climate. Key announcements include a review of the Urban Land (Ceiling and Regulation) Act, 1976, a proposed deep-sea port at Dadanpatrabarh, a greenfield airport near Kalyani, logistics infrastructure projects and incentives for sectors such as semiconductors, artificial intelligence, defence manufacturing and renewable energy. Industry representatives said the measures address longstanding concerns relating to land availability, project execution and business facilitation, while creating opportunities for manufacturing, logistics, real estate and technology-led investments across the state.Read more

25 Jun 2026

The Himachal Pradesh government has signed implementation agreements for 19 hydropower projects with a combined generation capacity of 278 MW and an estimated investment of around INR 3,336 crore. The projects were formalised during the current year as part of the state’s efforts to expand renewable energy generation and utilise its hydropower resources. The government has also cancelled allocations for 15 projects due to a lack of progress by developers and plans to invite international bids for their implementation. The announcement comes as Himachal Pradesh continues to advance multiple hydroelectric developments, with several projects under construction and hundreds more at various stages of approval across the state.Read more

Mumbai News Desk

25 Jun 2026

• Several luxury homeowners in Mumbai have alleged that interior design and fit-out firms collected large advance payments but failed to complete projects as promised.
• Homeowners claim work was delayed for months, abandoned midway, or delivered in an incomplete condition despite substantial payments being made.
• Many affected residents have approached legal authorities, consumer forums and police officials seeking recovery of funds and accountability.
• The issue has highlighted concerns over the lack of regulation in the interior design and home fit-out sector compared to the real estate industry.
• Experts say the disputes underline the need for stronger contracts, milestone-based payments and greater transparency in luxury home interior projects.Read more

24 Jun 2026

The Ministry of Labour and Employment has scheduled the hearing of 178 long-pending worker-related claim cases involving the Delhi Metro Rail Corporation (DMRC) as part of a nationwide drive to accelerate the resolution of labour disputes. The hearings will be conducted on 24 June by the Regional Labour Commissioner (Central), New Delhi, acting under the Code on Wages, 2019. The cases have been grouped for focused disposal under a special campaign running from 1 June to 31 August. The ministry said the initiative aims to reduce case pendency through cluster-based hearings, improve administrative efficiency and ensure quicker delivery of justice to workers involved in long-standing labour claims.Read more

24 Jun 2026

• The Bombay High Court has upheld the right of housing societies in Vile Parle to obtain deemed conveyance despite a developer's objections linked to possible future TDR benefits.
• The court held that speculative development rights arising from future land acquisition cannot be used as grounds to delay conveyance obligations.
• Judges observed that developers cannot indefinitely postpone transfer of land by citing potential future FSI or redevelopment opportunities.
• The ruling reinforces housing societies' rights under MOFA and clarifies the limits of a developer's claim over future development potential.Read more

24 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) plans to build a mini pumping station at the Maharashtra Nagar subway in Mankhurd to address recurring monsoon flooding that disrupts traffic and connectivity. The low-lying underpass frequently experiences waterlogging during heavy rainfall, prompting repeated closures and diversions. BMC has initiated the tendering process for the project, which is intended to improve stormwater drainage, reduce flood-related disruptions and strengthen monsoon resilience at one of the eastern suburb’s chronic flooding hotspots.Read more

24 Jun 2026

• The Registrar General of Firms and Societies, Haryana, has ruled that RWAs cannot stop essential services such as water, electricity, lifts, sanitation and security to recover maintenance dues.
• The order was issued while deciding a dispute in a Gurugram housing society and is expected to impact residential communities across the state.
• Authorities clarified that RWAs must use legal mechanisms to recover outstanding payments instead of restricting basic amenities.
• The ruling strengthens recent regulatory efforts in Haryana aimed at preventing coercive recovery practices in housing societies.
• The decision provides greater clarity on the rights of residents and the responsibilities of Resident Welfare Associations.Read more

Mumbai News Desk

24 Jun 2026

Hotels across Mumbai have introduced water conservation measures as the city faces concerns over water availability and reservoir levels. Several establishments have suspended jacuzzi operations, regulated laundry services and encouraged guests to reduce linen and towel replacement frequency. The measures form part of broader efforts to curb consumption and ease pressure on urban water infrastructure. Industry stakeholders are also monitoring water use across hotel operations while supporting civic initiatives aimed at managing demand and conserving available water resources.Read more

24 Jun 2026

• Maharashtra is expected to discuss the proposal for vertical property cards for apartment owners during the upcoming assembly session after the framework completes legal scrutiny.
• The proposed system aims to provide flat-wise ownership records within the official land records framework, addressing a long-standing gap in urban property documentation.
• Each apartment could receive an individual property record containing ownership details, area specifications, land share and encumbrance information.
• The move is expected to improve transparency in property transactions, loan processing, redevelopment projects and inheritance-related transfers.
• If implemented, the initiative could become a significant reform in Maharashtra's property record system and set a precedent for other states.Read more

24 Jun 2026

The National Housing Bank (NHB) is examining alleged loan classification lapses at Aavas Financiers following an inspection that reportedly flagged irregularities involving loans worth around INR 400-500 crore. The regulator has sought clarifications from the housing finance company, while Aavas has maintained that the observations relate to differing interpretations and are not expected to materially impact its financial position. The development triggered a decline in the company's share price amid concerns over asset quality and regulatory compliance in the housing finance sector.Read more