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

28 Apr 2026

The Jaipur Municipal Corporation has intensified enforcement action against road encroachments across key urban corridors, targeting illegal structures and unauthorised vendors occupying carriageways and footpaths. The drive, conducted across multiple locations in the city, aims to reduce traffic congestion and improve pedestrian safety. The initiative forms part of a broader urban management strategy focused on maintaining road infrastructure and ensuring unobstructed movement. Authorities have indicated that the action will continue through regular monitoring and enforcement measures to prevent re-encroachment. The development comes amid ongoing concerns around traffic bottlenecks and the need for sustained civic intervention across Jaipur’s road network.Read more

28 Apr 2026

The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, citing serious regulatory concerns over its operations and management practices. The central bank stated that the bank’s affairs were conducted in a manner detrimental to depositor interests and public interest. Following the decision, the entity has been barred from undertaking any banking activities. The RBI has also indicated that it will approach the high court to initiate winding-up proceedings. The bank has sufficient liquidity to meet its deposit liabilities, according to the regulator. Paytm Payments Bank had already been restricted from onboarding new customers since 2022, reflecting prolonged regulatory scrutiny.Read more

28 Apr 2026

Homebuyers of Lavasa Corporation have approached the appellate tribunal against the approved insolvency resolution plan, raising concerns over inadequate protection of their interests. The plan, cleared by lenders with over 90 percent voting, has now come under scrutiny for its treatment of buyers awaiting possession. Lavasa’s long insolvency process, marked by multiple failed bids and delays, continues to face hurdles. The latest legal challenge highlights the ongoing conflict between creditor recovery and homebuyer rights, which remains a key issue in large real estate insolvency cases.Read more

28 Apr 2026

The Delhi High Court has upheld the New Delhi Municipal Council’s decision to terminate Bharat Hotels’ licence for The LaLit hotel and revived a long-pending licence fee demand of INR 1,063.74 crore. The court found that the company violated key terms of the 1982 agreement by allowing unauthorised transfers within the commercial complex. It also set aside a 2023 single-judge relief order. The ruling directs the hotel operator to hand over possession within 90 days, strengthening NDMC’s position over public land use and compliance.Read more

28 Apr 2026

The Enforcement Directorate has carried out searches across multiple locations in Haryana and Punjab in connection with a money laundering case involving an alleged INR 145 crore fraud linked to fixed deposits of the Panchkula Municipal Corporation. The case originates from an FIR filed by the Haryana Vigilance and Anti-Corruption Bureau, which flagged embezzlement of civic funds held at a Kotak Mahindra Bank branch. Investigations have revealed a suspected nexus between bank officials, municipal staff and private individuals, with forged documents, unauthorised accounts and fund diversion routes being used to siphon and circulate public money.Read more

28 Apr 2026

Authorities have registered an FIR against four individuals for carrying out unauthorised construction on land earmarked for the expansion of the Noida International Airport. The action follows identification of encroachments on acquired land, where construction activity is prohibited after notification. Officials indicated that such violations could impact compensation eligibility and disrupt planned infrastructure development. The case highlights ongoing challenges in safeguarding land for large-scale infrastructure projects, particularly in high-growth corridors around the airport. The administration has taken enforcement measures to prevent further encroachments and ensure project timelines remain unaffected as the airport expansion progresses.Read more

28 Apr 2026

The pedestrian skywalk linking Noida’s Sector 51 and Sector 52 metro stations has been delayed by over a month due to design revisions and structural constraints identified during execution. The 420-metre, air-conditioned interchange facility, built at an estimated cost of around INR 40 crore, faced complications after a metro beam obstructing the entry point was not accounted for in the original design. Authorities are now reworking structural elements, including beam removal and alignment changes, to enable safe access. The project, which aims to provide seamless connectivity between the Aqua Line and Blue Line, has already missed multiple deadlines since construction began in 2023, affecting daily commuters relying on the interchange.Read more

28 Apr 2026

Telangana’s revised Transferable Development Rights (TDR) policy has led to a sharp escalation in TDR prices, raising concerns among developers over rising project costs and housing affordability. The policy mandates TDR utilisation for high-rise developments and expands its use for setback relaxations, driving demand for development rights across Hyderabad. While the move aims to compensate landowners and reduce government cash outflows for infrastructure projects, developers have flagged cost pressures and delays in project planning. The price escalation is expected to impact new launches and ongoing developments seeking approvals, with concerns emerging over supply recalibration and potential pass-through of costs to homebuyers in key micro-markets.Read more

28 Apr 2026

Kalamassery municipality has released a draft notification proposing amendments to its 1991 structural plan, aimed at aligning land-use regulations with current urban development needs in the Kochi region. The draft, published recently, introduces relaxed zoning norms, higher construction limits, and expanded mixed-use provisions to support residential, commercial, and industrial integration. It also reclassifies agricultural zones based on flood risk and permits broader development in low-risk areas. The changes are intended to facilitate key projects such as Judicial City, logistics parks, and Infopark expansion while addressing long-standing land-use constraints. Citizens have been given a 60-day window to submit objections or suggestions, following which the revised plan may be finalised.Read more