Mumbai News Desk

02 Apr 2026

The Bombay High Court has allowed a homebuyer to withdraw the amount deposited by a builder while an appeal is pending before the appellate tribunal under RERA. The case involved a delayed housing project where the buyer had already paid a substantial amount and was granted a refund with interest by MahaRERA. The builder challenged this order, but the court upheld the tribunal's decision. It noted that homebuyers face financial stress due to delays and should not be denied relief, while safeguards remain in place if the builder succeeds.Read more

02 Apr 2026

The Jammu and Kashmir government has cleared over INR 18,382 crore in financial liabilities during the financial year 2025-26, covering dues to contractors and retired employees. Chief Minister Omar Abdullah informed the Legislative Assembly that payments are being processed regularly through a structured system. Major payouts include contractor bills, GPF, gratuity, and other retirement benefits. Most dues have been settled up to the past week, while GPF claims have been cleared up to the end of last year. The government also clarified that fund allocation is based on expenditure heads, not regional divisions.Read more

Pune News Desk

02 Apr 2026

A government panel led by Vikas Kharge has found that revenue officials had identified irregularities in the Mundhwa land transaction in Pune and had blocked the mutation request at the initial stage. However, the issue was not escalated properly, allowing procedural lapses to weaken the scrutiny. The report highlights that around 45 acres of government land was registered in 2005 in the name of a private firm for INR 300 crore. It also points to administrative negligence, confusion in land classification, and improper actions related to the Botanical Survey of India's lease.Read more

02 Apr 2026

The Enforcement Directorate has attached immovable assets worth over INR 270 crore linked to Rajendra Lodha, former director of Lodha Developers, in a money laundering case. The action follows allegations of unauthorised sale of company assets, diversion of funds, and creation of fake documents that led to financial losses. The assets, mainly land parcels in Maharashtra, were attached under the Prevention of Money Laundering Act. The case is based on a Mumbai Police FIR, and the accused is currently in judicial custody as investigations continue.Read more

02 Apr 2026

The Punjab government has approved the Mukh Mantri Mawan Dheeyan Satkar Yojna, a welfare scheme providing INR 1,000 per month to eligible women and INR 1,500 to women from Scheduled Castes. It covers over 97% of women in the state. Women aged 18 and above with Aadhaar and voter ID can receive the benefits through direct transfer. The state has allocated INR 9,300 crore for the scheme. Cabinet decisions also include reforms for converting mortgaged industrial plots to freehold and amendments to improve infrastructure management in industrial areas.Read more

02 Apr 2026

The Lok Sabha has cleared key amendments to the Insolvency and Bankruptcy Code (IBC) to address delays and improve recovery outcomes. The changes introduce a creditor-led, out-of-court resolution process with defined timelines, along with stricter accountability and transparency norms. The move aims to reduce the burden on tribunals, strengthen decision-making by lenders, and ensure better value for stakeholders. These reforms build on the past experience of the IBC framework, which has helped resolve stressed assets but has also faced delays due to litigation and procedural challenges.Read more

02 Apr 2026

The Maharashtra government has announced a policy to regularise residential encroachments on government land that existed before January 1, 2011. Homes up to 500 square feet will be regularised free of cost, while larger structures will attract a fee based on market value. The policy excludes Mumbai and its suburbs, environmentally sensitive areas, and non residential uses. Applicants must provide proof of long term residence, and local authorities will process applications. The move aims to provide legal rights, stability, and security of tenure to families living in such encroachments for years.Read more

Ludhiana News Desk

02 Apr 2026

The Ludhiana Municipal Corporation is grappling with a significant gap in property tax recovery, with nearly one lakh property owners yet to clear dues even as the financial year draws to a close. The civic body has set a collection target of around INR 160 crore, with internal expectations rising to INR 180 crore, but collections have reached only about INR 147 crore so far. Officials have extended working hours and intensified field-level efforts to bridge the gap. The administration has also warned of penalties and interest for non-payment, while acknowledging that previous settlement schemes and administrative constraints have impacted recovery. The situation highlights the continuing dependence of urban local bodies on property tax compliance to sustain municipal finances.Read more

Kolkata News Desk

02 Apr 2026

The New Town Kolkata Development Authority has taken stricter action against unauthorised commercial activities operating from residential buildings in New Town. Multiple property owners have received stop-operation notices for running guest houses, hotels, and similar establishments without approvals. The authority has warned of further action, including closure, if violations continue. This move follows earlier efforts to regulate misuse of residential spaces, address safety concerns, and ensure adherence to planned development norms, as such violations have been increasing steadily across the township.Read more

02 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has ordered Sunrays Heights Private Limited to hand over flats in its 63 Golf Drive affordable housing project in Sector 63, Gurugram, along with interest of about 10.8%-11% per annum for delays extending up to five years. The directive follows multiple complaints from allottees who had paid significant amounts but did not receive possession within the committed timeline. The project, spread across approximately 5.9 acres, had a possession deadline in 2021, but neither occupation certification nor handover was completed. The authority rejected the developer's justifications, including pandemic-related disruptions, and reaffirmed that buyers who remain invested in delayed projects are entitled to monthly interest compensation under the Real Estate (Regulation and Development) Act, 2016.Read more