07 Apr 2026

The Noida Authority is preparing to introduce a mixed land use property scheme to allow residential, commercial and institutional activities within the same development. The proposal is expected to be reviewed soon and could bring more flexibility in land utilisation. At the same time, plans are underway to set up a Centre of Excellence at Gautam Buddha University to support research and industry collaboration. These initiatives are part of a broader effort to improve urban planning, attract investment and strengthen Noida's position as a growing economic and knowledge hub.Read more

07 Apr 2026

The Gujarat government has revised rules under the Land Revenue Act to speed up property transaction certification. Undisputed cases with clear ownership records can now be certified on the same day, removing the earlier 30-day waiting period. In cases requiring verification, the notice period has been reduced to seven days. The move aims to reduce delays, limit misuse of objections, and improve efficiency in land dealings. The reform is expected to benefit residential, commercial, and agricultural transactions while supporting faster ownership transfers and improving overall market activity.Read more

07 Apr 2026

The Punjab and Haryana High Court has stayed Haryana's stilt-plus-4 housing policy due to concerns over inadequate infrastructure in residential areas. The policy, aimed at increasing housing supply, allowed four floors above stilt parking. However, petitions highlighted narrow internal roads, congestion, and pressure on civic services. A court-appointed panel found that actual road widths in several areas were much lower than planned standards. The court has paused the policy until further review, indicating a closer examination of urban planning and implementation gaps.Read more

07 Apr 2026

PNB Housing Finance has reported an additional INR 933 crore in bad loans after a review by the National Housing Bank. The divergence relates to FY23 and is linked to loan restructuring that did not fully meet regulatory norms. This has increased gross NPAs to over INR 3,200 crore. The issue involves two project loans where interest rates were reduced. One loan has been repaid and the other remains standard. The company stated that the disclosure has no immediate financial impact.Read more

06 Apr 2026

The Uttar Pradesh government's Chief Minister Rural Housing Scheme has covered over 19,000 beneficiaries across the Gorakhpur division, with more than 17,000 families already shifting into completed pucca houses. Implemented to support households excluded from the Pradhan Mantri Awas Yojana Gramin (PMAY-G), the scheme has seen an expenditure of around INR 219 crore so far. Beneficiaries receive financial assistance of INR 1.2 lakh for house construction, along with additional support for sanitation, electricity, and LPG connections. The programme prioritises vulnerable communities and disaster-affected families across four districts in the division. Parallel progress under PMAY-G has also contributed to large-scale rural housing delivery in the region.Read more

06 Apr 2026

The Maharashtra State Contractors' Association has warned the state government of a potential halt in infrastructure works from April 7 if pending dues exceeding INR 96,000 crore are not cleared. The dues span multiple departments, including public works, water supply, rural development and urban infrastructure. The association stated that despite partial payments of around INR 20,000 crore in the previous year, fresh bills have pushed arrears back to high levels, impacting nearly three lakh contractors. The development comes amid reported fiscal pressures on the state government due to increased welfare spending and borrowing, raising concerns over project execution and liquidity across the construction ecosystem.Read more

06 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has dismissed a complaint by Sunrays Heights Pvt Ltd against homebuyers over alleged payment defaults in its Gurugram project. The developer had sought recovery of dues with interest, but the authority ruled that such disputes must be handled as per builder-buyer agreements, not through regulatory intervention. HRERA clarified that payment-related issues are contractual matters and should be resolved through appropriate legal channels. The decision reinforces the role of agreements in real estate transactions and highlights that RERA's mandate is focused on regulation and compliance, not dispute recovery for developers.Read more

06 Apr 2026

The National Company Law Appellate Tribunal has rejected a plea by Raheja Developers to terminate insolvency proceedings for its Raheja Shilas project in Gurugram, stating that disputes with homebuyers remain unresolved. The tribunal held that withdrawal of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code can only be permitted after a complete settlement between parties. Over 40 homebuyers had initiated the insolvency proceedings, objecting to closure despite claims of possession being handed over. The tribunal has limited the CIRP to the specific project while allowing creditors related to other developments to pursue independent legal action.Read more

06 Apr 2026

Ceigall India has secured 15 power purchase agreements through its subsidiary to supply electricity from a 130 MW solar project in Madhya Pradesh under the Surya Mitra Krishi Feeder Yojana. The project will provide daytime power to the agricultural sector and support clean energy goals. With an EPC cost of around INR 572 crore, the project will be executed within 12 months and operated for 25 years at a tariff of INR 2.85 per unit. This marks the company's entry into solar energy alongside its infrastructure business.Read more

06 Apr 2026

The National Company Law Appellate Tribunal (NCLAT) has ruled in favour of Delhi Metro Rail Corporation (DMRC), stating that it is not obligated to revive a previously terminated concession agreement with Pratibha Industries Ltd (PIL). The agreement, linked to a multi-level parking project at the New Delhi Railway Station-Airport Express Line, had been terminated well before insolvency proceedings began. The decision modifies an earlier NCLT order that had directed DMRC to cooperate with the resolution plan. The ruling clarifies limits on tribunal authority over third-party contracts in insolvency cases.Read more