25 Mar 2026

The Prayagraj Development Authority (PDA) has revised prices of its unsold flats and approved easing of building restrictions under changes to the Master Plan 2031. The move comes after limited response to earlier fixed pricing and aims to improve housing demand and project viability. The authority also plans to allow taller buildings on smaller plots in key areas, along with introducing drone-based land surveys and record digitisation. These steps are expected to improve land use, speed up approvals, and support more balanced real estate development in the city.Read more

Lucknow News Desk

25 Mar 2026

The Lucknow Development Authority (LDA) has approved a budget of INR 5,148 crore for FY 2026-27, focusing on affordable housing, land acquisition, and infrastructure upgrades. A major allocation of INR 200 crore will be used to build 848 flats in Sharda Nagar Extension. The plan also includes INR 1,600 crore for land acquisition in key growth corridors and funds for existing housing schemes, mobility projects, and civic infrastructure. The budget reflects a continued push to increase housing supply while preparing land and infrastructure for future urban expansion.Read more

25 Mar 2026

The Enforcement Directorate has begun investigating cases involving Indian nationals who allegedly used credit cards to fund property purchases in Dubai. The probe focuses on possible violations of foreign exchange rules and the misuse of banking channels to route funds overseas. Authorities are examining whether such transactions were structured to bypass regulatory limits under the Liberalised Remittance Scheme. The investigation reflects increased scrutiny of cross-border financial flows linked to real estate investments and the use of domestic credit instruments for overseas asset acquisition.Read more

25 Mar 2026

Karnataka Real Estate Regulatory Authority has recorded 12,772 complaints, placing Karnataka among the top four states in India for RERA filings. The data reflects both strong homebuyer awareness and active usage of the regulatory mechanism for dispute resolution. A significant portion of the cases has already been resolved, indicating steady disposal of complaints. However, the rising numbers also point to ongoing concerns in the real estate sector, including project delays, compliance gaps, and execution challenges that continue to affect buyers and developers across the state.Read more

24 Mar 2026

A fraud case linked to the Pradhan Mantri Awas Yojana (PMAY) has surfaced in Vadodara, where 16 individuals were allegedly duped of around INR 40 lakh by a person posing as a civic official. The accused promised affordable housing units under the government scheme and collected money under the guise of processing fees and allotment procedures. Victims were provided forged documents, including fake receipts and fabricated municipal approvals. The incident highlights persistent vulnerabilities in affordable housing awareness and verification mechanisms, as demand for subsidised housing continues to attract fraudulent intermediaries exploiting first-time homebuyers.Read more

Mumbai News Desk

24 Mar 2026

The Maharashtra government has ordered a detailed inquiry into alleged financial irregularities of around INR 1,000 crore in a housing project undertaken by the Brihanmumbai Municipal Corporation. The decision follows concerns over potential procedural lapses, fund misallocation, and deviations from approved norms in the execution of the project. Authorities are expected to examine key aspects including tendering processes, contractor appointments, and utilisation of public funds. The probe comes amid heightened scrutiny of large-scale civic housing initiatives in Mumbai, where redevelopment and public housing projects form a significant part of urban planning. The outcome of the investigation is likely to influence governance practices and compliance standards in similar projects.Read more

24 Mar 2026

The Supreme Court has allowed the Brihanmumbai Municipal Corporation (BMC) to remove more than 45,000 mangroves for the proposed Versova-Bhayandar coastal road project in north Mumbai, which carries an estimated cost of INR 18,263 crore. The decision, delivered in the past week, upholds earlier approvals while directing the civic body to undertake compensatory afforestation and submit annual compliance reports to the Bombay High Court for a decade. The project forms part of the northern extension of Mumbai's coastal road network and is expected to significantly reduce travel time between Versova and Mira Bhayandar. The ruling balances infrastructure development with environmental safeguards, mandating restoration measures alongside project execution.Read more

24 Mar 2026

The central government is evaluating a policy framework that would allow entities based in Gujarat International Finance Tec-City (GIFT City) to register ships overseas under a calibrated model similar to the Indian Controlled Tonnage scheme. The proposal would permit a "one-in-one-out" approach, enabling companies to register one vessel abroad and the next under the Indian flag. The move follows representations from the International Financial Services Centres Authority seeking regulatory relaxations to strengthen GIFT City as a global ship leasing hub. At the same time, the government is balancing concerns from domestic shipowners about potential loss of Indian tonnage and policy advantages linked to cargo support mechanisms such as the Right of First Refusal.Read more

24 Mar 2026

The Telangana High Court is set to hear a petition challenging the demolition of houses built on Bhoodan land in Khammam district, where around 20 daily wage workers claim their homes were razed without prior notice. The petitioners state that the land had been allotted to them by the Bhoodan Yagna Board and that valid pattas were issued. Authorities, however, have classified the occupants as encroachers and initiated possession proceedings. The case highlights ongoing legal disputes over Bhoodan land ownership and enforcement, raising concerns around due process, rehabilitation, and property rights for economically vulnerable residents.Read more

24 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties of INR 5 lakh each on three real estate projects for promoting and selling units without mandatory registration under the Real Estate (Regulation and Development) Act, 2016. The action, taken during the authority's 198th meeting, involved projects in Noida and Lucknow, including Estate 105, Sobha Rivana, and Avikalp Estate. Investigations revealed that these developments were marketed and, in some cases, sold prior to obtaining regulatory approval. UP-RERA noted that developers failed to provide satisfactory responses to notices issued earlier, prompting enforcement action. The move forms part of a broader crackdown on unauthorised real estate activities to enhance transparency and safeguard homebuyer interests.Read more