29 Apr 2026

Securities and Exchange Board of India has imposed penalties totalling INR 1.5 crore on eight entities for front-running trades linked to a portfolio management services client using non-public information. The regulator has also ordered disgorgement of unlawful gains amounting to INR 1.29 crore, along with interest, to be credited to the Investor Protection and Education Fund. The action follows findings of coordinated trading based on advance knowledge of large institutional orders. Several individuals and entities have been barred from accessing the securities market, while certain individuals have also been restricted from holding managerial positions in listed companies and registered intermediaries.Read more

29 Apr 2026

The Kanpur Development Authority (KDA) has reduced prices of 5,600 unsold flats across 10 housing schemes to address long-pending inventory and improve sales. Prices have been brought down to 2018 levels, with a cut ranging from 4.6% to 23.19%, and units now priced between INR 8.86 lakh and INR 28.50 lakh. Buyers can take possession by paying 20% for EWS units and 25% for others. The authority expects to generate around INR 1,400 crore and has also approved a higher budget along with key infrastructure and planning decisions.Read more

29 Apr 2026

Pirojsha Godrej has emphasised the need to protect mangroves in Mumbai, stating that the Godrej Group will not develop the mangrove land under its control in Vikhroli. His remarks come amid ongoing debates over infrastructure expansion, including proposed mangrove clearing in Versova. He highlighted the scale of the group’s mangrove holdings and underscored the importance of balancing environmental conservation with urban development. The comments also touched on planning challenges, including floor space index policies, public transport, and the need for structured urban growth. The stance reflects broader tensions between ecological preservation and infrastructure expansion in the city.Read more

Mumbai News Desk

29 Apr 2026

A Mumbai court has rejected a medical bail plea filed by an accused in a real estate fraud case involving approximately INR 56 crore, citing the absence of any immediate life-threatening condition. The case pertains to alleged irregularities in a redevelopment project where multiple buyers were reportedly duped through sale of the same flats and non-delivery of promised units. The accused had sought temporary relief on health grounds, requesting treatment at a private hospital. However, the court held that adequate medical facilities were available within the public healthcare system, and custodial detention remained necessary given the gravity of the allegations and the ongoing investigation.Read more

Ludhiana News Desk

29 Apr 2026

The Punjab government has approved financial assistance of approximately INR 50 lakh to support housing repairs for 144 economically weaker section families in Ludhiana. The aid, routed through the municipal corporation under the Rangla Punjab initiative, will be disbursed to residents in Ward 72, primarily in the Jawahar Nagar camp area. Each beneficiary will receive INR 35,000 to undertake essential repairs, including fixing damaged roofs and structural deficiencies. The move follows field assessments by civic officials and forms part of a broader urban development allocation aimed at improving living conditions in low-income settlements while strengthening basic housing infrastructure in the city.Read more

29 Apr 2026

The Uttar Pradesh government has expanded the scope of the Mukhyamantri Awas Yojana (Gramin) to include all remaining Scheduled Tribe (ST) communities, aiming to achieve universal housing coverage among tribal households in the state. The decision brings previously excluded groups such as Bhotia, Jaunsari and Raji within the scheme’s ambit. The move builds on earlier phased inclusions of multiple tribal communities since the scheme’s launch in 2018. Authorities have directed officials to identify eligible beneficiaries and expedite implementation, with the objective of providing permanent housing to marginalised rural populations and improving living standards in remote and underserved regions.Read more

29 Apr 2026

The Goa Real Estate Regulatory Authority (RERA) has directed Aansav Realty & Infrastructure to hand over possession of a flat in Varca and imposed a penalty of INR 15 lakh for delayed delivery and unlawful cancellation of allotment. The order relates to a 2015 booking valued at approximately INR 53 lakh, where the buyer had already paid a substantial portion of the consideration. RERA has instructed the developer to execute the sale deed and complete possession within a stipulated timeline. The ruling reinforces regulatory scrutiny on project delays and cancellation practices, underscoring the authority’s role in protecting homebuyer interests and ensuring adherence to contractual commitments in the residential sector.Read more

Bangalore News Desk

29 Apr 2026

Bengaluru’s civic authorities have introduced an online system enabling property owners to instantly access and download e-khata documents using their SAS property tax identification. The initiative, rolled out through the e-Aasthi platform, covers nearly 13 lakh properties and aims to streamline property documentation by reducing reliance on physical processes. The e-khata, a critical document for property tax payments, ownership verification, and transactions, can now be generated within minutes through OTP-based authentication. While the move is expected to improve transparency and reduce intermediary dependence, authorities have clarified that the digitally issued records remain provisional until further compliance steps are completed.Read more

29 Apr 2026

The Bihar Cabinet has approved a set of proposals to develop satellite townships, establish a technology hub and modernise Industrial Training Institutes (ITIs), aimed at supporting urban expansion and economic growth. The plan includes the development of 11 greenfield satellite townships to ease pressure on existing cities and promote planned urbanisation. The government has also cleared the creation of a technology hub to strengthen the state’s IT ecosystem and generate employment. Alongside, ITIs will be upgraded to improve skill development and workforce readiness. The decisions reflect a coordinated approach to urban planning, infrastructure development and skill enhancement, as Bihar looks to attract investment and improve its industrial and employment landscape.Read more

28 Apr 2026

Belagavi City Corporation has collected around INR 18.12 crore in property tax within the first 20 days of the new financial year, supported by a 5% rebate on early payments. The incentive has led to faster collections and improved compliance among property owners. A growing number of taxpayers have also shifted to digital payment modes, making the process more efficient. The civic body expects collections to rise further before the rebate period ends. This early momentum is important as the corporation had fallen short of its annual collection target in the previous year.Read more