03 Apr 2026

The Punjab government has introduced key industrial reforms to simplify leasehold-to-freehold conversions and reduce compliance burden. A fixed 5 per cent conversion fee and full stamp duty exemption for applications completed by April 30, 2026 aim to clear pending cases and encourage faster conversions. The policy also removes certain charges, simplifies documentation, and speeds up approvals. Alongside, amendments in infrastructure management rules address double taxation and improve maintenance through industry-led bodies. These steps are expected to improve ease of doing business and support industrial expansion in the state.Read more

03 Apr 2026

Vedanta Ltd has approached the Supreme Court against Adani Group's INR 14,535 crore bid for Jaiprakash Associates under the insolvency process. The move follows the appellate tribunal's refusal to stay the deal. Vedanta has argued that its higher bid was not considered fairly. Meanwhile, Adani Enterprises Ltd has filed a caveat to ensure it is heard before any order is passed. The case adds complexity to one of India's large ongoing insolvency resolutions involving real estate and infrastructure assets.Read more

03 Apr 2026

The National Company Law Appellate Tribunal (NCLAT) has modified the insolvency order against Vatika Limited, limiting the Corporate Insolvency Resolution Process (CIRP) only to its Gurugram-based project Aspirations. The tribunal upheld the default but ruled that insolvency should remain project-specific where debt is linked to a particular development. The decision offers partial relief to the developer while allowing creditors of other projects to take separate legal action. It also strengthens the approach of handling real estate insolvency on a project-wise basis under the Insolvency and Bankruptcy Code.Read more

Gurugram News Desk

03 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has ordered BPTP Limited to refund INR 18.12 lakh along with 2% interest to a homebuyer in connection with its Park Terra project in Sector 37D, Gurugram. The directive follows complaints filed by an allottee who had booked units in the project but did not receive possession within the stipulated timeline. The authority rejected the developer's argument that the complaint was time-barred, citing the principle of continuing liability. It also held that deductions towards earnest money cannot exceed 10% under RERA provisions. The case highlights ongoing regulatory scrutiny of delayed housing projects and reinforces compliance requirements for developers operating in Haryana's residential market.Read more

03 Apr 2026

The Prayagraj Development Authority (PDA) is planning to establish a dedicated Project Management Unit (PMU) to improve planning and execution of its residential developments across the city. The move, announced in the past week, aims to integrate core infrastructure such as roads, sewerage and water supply at the design stage, addressing delays caused by fragmented planning. The proposed PMU will consist of civil engineering and urban planning experts and is expected to be appointed through a tender process in the upcoming financial year for an initial one-year term. The authority is currently developing housing schemes at four locations, and the initiative is intended to standardise execution, improve quality control and strengthen coordination across departments involved in urban development projects.Read more

Lucknow News Desk

03 Apr 2026

The Lucknow Development Authority has made it mandatory for allottees to download their allotment letters online through its official portal. The move replaces the earlier system of sending physical letters and aims to improve transparency and reduce delays. Applicants will receive SMS alerts once their letters are uploaded and must complete all required formalities within three months. If they fail to do so, the allotment will be cancelled automatically. The step also comes after past cases of fake allotment letters, with the authority aiming to make the process more secure.Read more

03 Apr 2026

The Ministry of New and Renewable Energy (MNRE) has extended the commissioning deadline for select projects under the PM KUSUM scheme to March 31, 2027, offering relief to solar developers and state agencies facing delays. The decision applies to projects where power purchase agreements or letters of intent were issued by the end of 2025. The extension follows concerns over slow financial closure, with banks showing limited lending appetite under earlier timelines. States have been directed to coordinate with financial institutions to expedite funding. The scheme, aimed at decentralised solar generation for the agricultural sector, continues to see uneven implementation across regions, prompting revised timelines and discussions around a successor framework under PM KUSUM 2.0.Read more

02 Apr 2026

The Varkala municipality in Kerala has launched a large-scale enforcement drive against unauthorised constructions along the ecologically sensitive North Cliff stretch, covering areas from Varkala Cliff to Aliyirakkam. The action follows identification of widespread violations of the Kerala Municipality Building Rules, 2019, particularly by resorts, homestays and private property owners. Authorities have issued stop-work notices and directed violators to submit valid approvals within three days or face demolition and legal action. Inspection teams have been deployed across wards to document irregularities. The crackdown comes amid concerns over increasing construction activity during the election period and growing environmental risks, including soil erosion and structural instability along the coastal belt.Read more

Pune News Desk

02 Apr 2026

Citizen groups and housing federations in Pune have called for legal action against developers who failed to fulfil water supply commitments made during project approvals. The demand follows growing complaints from residents in peripheral areas who remain dependent on private tankers despite assurances of interim water supply by builders. The issue was reviewed in a joint meeting involving the Pune Municipal Corporation (PMC), Pimpri Chinchwad Municipal Corporation (PCMC) and PMRDA, convened in line with a High Court-directed process. Authorities have been urged to enforce developer undertakings, publish water-related affidavits online, and ensure accountability. The situation highlights structural gaps in urban infrastructure delivery and compliance in fast-expanding residential zones.Read more

02 Apr 2026

Self-enumeration for Census 2027 has commenced in New Delhi Municipal Council (NDMC) and Delhi Cantonment areas, marking the start of India's first fully digital census exercise. The process, initiated in the past week, allows residents to submit household data online between April 1 and April 15, ahead of the house listing phase scheduled from mid-April to mid-May. The exercise will later expand to Municipal Corporation of Delhi (MCD) areas in May. The initiative introduces a web-based platform and mobile application for data submission in multiple languages, reducing reliance on physical surveys. Officials indicated that the move is part of a broader shift towards technology-led data collection, aimed at improving accuracy, efficiency, and participation in the national census process.Read more