Kolkata News Desk

01 Jun 2026

• The Calcutta High Court has stayed demolition action against several buildings in Tiljala and Kasba for 30 days and directed the Kolkata Municipal Corporation (KMC) to hear both owners and occupants before proceeding further.
• The order was passed in response to petitions filed by residents and occupants of multiple buildings facing demolition notices issued under Section 400(1) of the KMC Act.
• More than 150 occupants across around five properties challenged the notices, alleging that no individual hearing opportunity had been provided before demolition proceedings were initiated.
• The court directed maintenance of status quo during the interim period while allowing municipal authorities to remove portions considered structurally dangerous after consultation with residents.
• The matter forms part of a wider crackdown on alleged unauthorised constructions in Kolkata following recent safety concerns linked to illegal buildings in the Tiljala area.Read more

01 Jun 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 634.12 crore linked to Unitech Group’s Golf and Country Club project in Noida under the Prevention of Money Laundering Act (PMLA).
• The action relates to an ongoing investigation into the alleged diversion of funds collected from homebuyers, investors and financial institutions across multiple Unitech projects.
• The attached assets include leasehold rights over 347.83 acres of land and equity holdings linked to consortium and special purpose company structures associated with the project.
• Investigators have alleged that INR 7,794.35 crore was diverted from the INR 16,075.89 crore collected by Unitech from buyers and financiers.
• The case stems from 76 FIRs registered by the Delhi Police and the Central Bureau of Investigation against Unitech, its promoters, directors and other entities.Read more

01 Jun 2026

• The Enforcement Directorate (ED) has summoned several farmers from Jaipur’s Sanganer region to record statements in an ongoing money laundering and alleged land grab investigation.
• Farmers have alleged that ancestral agricultural land sold through legal transactions was subsequently brought under unauthorised control through the alleged misuse of powers of attorney.
• Investigators are examining land ownership records, surrender deeds and transaction documents linked to land deals executed over nearly two decades.
• The probe is connected to allegations involving a land aggregation network associated with realtor Gyan Chand Agarwal and other individuals.
• A separate complaint before the Rajasthan Real Estate Regulatory Authority (RERA) has raised concerns over the registration of a housing colony allegedly developed on disputed land using false documentation.Read more

01 Jun 2026

• The Mumbai Metropolitan Region Development Authority (MMRDA) has signed a memorandum of understanding (MoU) with the Tech Entrepreneurs Association of Mumbai (TEAM) during Mumbai Tech Week 2026.
• The partnership aims to support the development of a global startup, innovation and artificial intelligence (AI) ecosystem across the Mumbai Metropolitan Region (MMR).
• The collaboration will support initiatives linked to Maharashtra Innovation City and the broader Mumbai 3.0 development programme.
• Planned initiatives include AI job fairs, global capability centres, hackathons, investor engagement platforms and knowledge-sharing programmes based on international best practices.
• The partnership seeks to position MMR as a major destination for technology-driven investment, innovation and entrepreneurship.Read more

01 Jun 2026

A 26-year-old man died after a fire engulfed a garage-cum-residence in Mumbai’s Khar area, causing extensive damage to the family’s home and workplace in Chuim Village. The deceased, Adrien Alves, was pursuing chartered accountancy studies while also working at a comic book store in Bandra. The blaze destroyed portions of the residential structure and adjoining garage owned by the family. Following the incident, relatives and local residents launched an online fundraiser to support rebuilding efforts and assist the uninsured family.Read more

01 Jun 2026

• MahaRERA has again pulled up a Mumbai-based developer over alleged construction defects and delays in executing conveyance for a residential project.
• The authority directed the builder to undertake repairs and complete conveyance procedures within prescribed timelines.
• Residents had raised concerns regarding workmanship deficiencies, infrastructure-related issues and pending transfer of property rights.
• The order reflects increasing regulatory scrutiny over developer compliance and homebuyer protection in Maharashtra’s housing sector.
• Industry observers note that delayed conveyance and structural defect disputes remain among the most common complaints before MahaRERA.Read more

01 Jun 2026

• Punjab RERA has directed a developer to pay more than INR 25 lakh to homebuyers over delays in handing over possession of a residential unit.
• The authority ruled that the buyers were entitled to compensation and refund-related relief due to failure to meet committed delivery timelines.
• The case highlights increasing regulatory scrutiny over delayed housing projects and developer obligations under RERA provisions.
• Authorities reiterated that developers must adhere to possession schedules and honour contractual commitments made to homebuyers.
• Delayed possession disputes continue to remain a major category of complaints before real estate regulatory authorities across India.Read more

01 Jun 2026

• The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI and multiple real estate companies over allegations of diversion of homebuyers’ funds in Noida and Yamuna Expressway projects.
• The plea alleges that developers siphoned off thousands of crores collected from over 25,000 buyers and diverted funds to related entities instead of completing housing projects.
• The matter involves Jaiprakash Associates, Jaiprakash Infratech and several other developers operating in the Noida and Greater Noida region.
• The Enforcement Directorate has reportedly attached assets worth around INR 400 crore while the alleged fund diversion is estimated at over INR 14,000 crore.
• The apex court has sought replies from all respondents by July 15 as it examines allegations linked to project insolvency, delayed delivery and financial irregularities.Read more

01 Jun 2026

The Municipal Corporation of Delhi (MCD) has eased the regularisation process for small residential properties by removing the mandatory physical inspection requirement for buildings up to 105 square metres. Property owners can now complete the process online by submitting an architect-certified undertaking along with the required fee. The move is aimed at reducing delays, simplifying approvals and making civic services more accessible. Officials also expect the revised process to improve pending case disposal and strengthen municipal revenue collection. The decision is expected to benefit homeowners dealing with long-pending regularisation applications across Delhi.Read more

01 Jun 2026

• Life Insurance Corporation of India is reviewing its real estate portfolio and evaluating the possibility of setting up a separate subsidiary for property management.
• The insurer’s real estate holdings are conservatively estimated at more than INR 60,000 crore and include both self-occupied and investment properties accumulated over seven decades.
• LIC management said the review is aimed at improving yields, optimising asset utilisation and strengthening returns for policyholders and shareholders.
• The corporation is also assessing leased assets, branch infrastructure upgrades and operational efficiency across its property portfolio.
• The move comes as LIC reported a rise in profitability during FY26 and seeks to improve long-term monetisation of its non-core assets.Read more