09 Apr 2026

The National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty, enabling consolidation under a single entity. The wholly owned subsidiary will be dissolved without winding up, and all its assets and liabilities will be transferred to Oberoi Realty. No shares will be issued as part of the transaction, and the subsidiary's share capital will be cancelled. The move follows Oberoi Realty's acquisition of the company through insolvency proceedings and is aimed at simplifying structure, improving efficiency, and strengthening its presence in Mumbai's Mulund market.Read more

Pune News Desk

09 Apr 2026

The Pune Metropolitan Region Development Authority (PMRDA) has sought a decision from the Maharashtra government regarding the execution of the Maan Mhalunge Town Planning Scheme (TPS-1), following administrative changes that brought parts of the project area under the Pune Municipal Corporation (PMC). The scheme, spread across nearly 250 hectares near the Hinjewadi IT hub, is at an advanced approval stage but remains pending due to ambiguity over the implementing authority. PMRDA has requested clarity on whether it will continue as the Special Planning Authority or if PMC will take over. The project, which includes infrastructure provisioning and land reconstitution, has undergone multiple revisions and consultations, with delays affecting landowners and development timelines.Read more

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation has introduced an amnesty scheme to help buildings without occupation certificates obtain approvals. The scheme applies to structures occupied before November 2016 and offers relief through reduced premiums and penalty waivers. Societies applying within an initial six-month window will get maximum benefits. The move is expected to cover over 20,000 buildings and benefit more than 10 lakh residents facing issues in utilities, loans and resale. Completely unauthorised constructions are excluded, ensuring only eligible deviations are regularised.Read more

09 Apr 2026

A recent working paper by the World Inequality Lab highlights significant inequality in rural land ownership across India. It finds that a large share of land is concentrated among a small percentage of households, while nearly half of rural families remain landless. The study, based on extensive data covering millions of people and villages, also points to the influence of historical systems, social structures, and agro-ecological factors on land distribution. It further notes that improved access to markets has not been sufficient to address these long-standing disparities in ownership patterns.Read more

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has begun testing low-cost air quality sensors under the MANAS project in collaboration with IIT Kanpur to improve pollution monitoring across Mumbai. Around 75 sensors will be installed before the monsoon, offering hyperlocal data on pollutants like PM2.5 and PM10. The system will divide the city into smaller grids and use real-time dashboards for better decision-making. The initiative builds on existing monitoring at construction sites and aims to strengthen targeted action to manage rising air pollution levels in the city.Read more

09 Apr 2026

The Ministry of Road Transport and Highways has revised construction timelines for national highway projects, extending the maximum duration to up to six years based on project complexity, cost, terrain, and structural requirements. The updated norms will apply to projects awarded from early May onwards across EPC, HAM, and BOT models. Previously, projects exceeding 50 km or involving major bridges were required to be completed within about 30 months. The revision introduces differentiated timelines, including longer durations for tunnels and large bridges, aimed at improving execution feasibility. The policy shift reflects the government's attempt to align deadlines with on-ground challenges in infrastructure delivery and reduce delays arising from unrealistic project schedules.Read more

Mumbai News Desk

09 Apr 2026

The Maharashtra Coastal Zone Management Authority has cleared the proposal to scientifically treat and remove legacy waste at the Deonar dumping ground, enabling its use for rehabilitating ineligible residents from the Dharavi Redevelopment Project. The plan involves processing around 18.5 million tonnes of waste and unlocking land for housing. While eligible residents will be accommodated within Dharavi, others will be shifted to locations such as Deonar, Bhandup, and Madh. The move also addresses long-standing environmental concerns linked to the landfill while supporting Mumbai's multi-location rehabilitation strategy.Read more

09 Apr 2026

The Enforcement Directorate (ED) has attached immovable assets worth around INR 944 crore in a housing fraud case linked to Piyush Colonisers Limited and its former promoters. The case involves alleged diversion of funds collected from over 1,500 homebuyers across projects in Haryana and Rajasthan. Investigations found that funds meant for construction were routed through group entities and used to acquire land. The action has been taken under the Prevention of Money Laundering Act, with further investigation ongoing into financial transactions and asset transfers.Read more

09 Apr 2026

The Delhi Development Authority has paused the conversion of leasehold properties into freehold as part of an ongoing policy review. The move has affected new applications, while older cases are still being processed under existing rules. The review, led by the Ministry of Housing and Urban Affairs, aims to revise conversion charges and simplify procedures. The halt has also slowed hearings and support camps, creating delays for property owners and impacting transactions where freehold status is required.Read more

09 Apr 2026

The Comptroller and Auditor General of India has highlighted that excess expenditure of over INR 1.24 lakh crore incurred by the Jammu and Kashmir government over four decades remains unapproved by the legislature. The report pointed to delays in scrutiny by the Public Accounts Committee and warned that such prolonged irregularities weaken financial discipline. The government has termed the issue a legacy matter and indicated that it will be addressed through legislative approval. The findings underline persistent gaps in budgetary control and oversight mechanisms in the Union Territory's financial management.Read more