03 Mar 2026

The Centre is planning to mobilise around INR 52,000 crore over the next four years by monetising and redeveloping key land parcels in Delhi, including General Pool Residential Accommodation (GPRA) colonies and land at Badarpur earlier held by NTPC. A large share is expected from commercial use of built-up space in Sarojini Nagar and other redeveloped government housing clusters. This target is substantially higher than the nearly INR 15,000 crore raised over the past five years, reflecting a stronger push under the next phase of the national asset monetisation programme.Read more

Delhi News Desk

03 Mar 2026

A Delhi businessman, Ashok Kumar Shetty, and his son are facing police action for allegedly renting a mortgaged flat in Mulund without disclosing its status. Tenant Pravin Singh had paid INR 15 lakh as a deposit and additional rent, believing the flat was free of encumbrances. He was forced to vacate after the ED attached the property in connection with a money laundering case. Despite confronting the owners, the deposit was not refunded. Police have registered offences of cheating and criminal breach of trust, and investigations are ongoing to determine the full extent of the irregularities.Read more

03 Mar 2026

The CEO of Vipul Limited has been arrested in Gurugram following allegations of defrauding a group of lawyers of around INR 6 crore. The complainants, many of whom are linked to local bar associations, claimed they were persuaded to invest in a real estate project with promises of assured returns. When repayments did not materialise and communication stopped, they approached the police. The Economic Offences Wing has taken over the probe and is also searching for other accused named in the case.Read more

03 Mar 2026

The Odisha Real Estate Regulatory Authority (ORERA) is grappling with a backlog of more than 1,000 pending homebuyer disputes and complaints, the state's Housing and Urban Development Minister informed the assembly in the past week. Since its inception, ORERA has registered 4,334 cases against around 714 builders under the Real Estate (Regulation and Development) Act, 2016, but 1,028 complaints remain unresolved, underscoring significant delays in dispute resolution. The backlog has been attributed to procedural bottlenecks, legal tactics by parties and staffing constraints. The minister's disclosure reflects growing concerns among homebuyers about ORERA's efficiency in delivering timely orders and enforcing compliance. The government is considering administrative reforms and capacity enhancements to accelerate adjudication and strengthen regulatory oversight for the state's real estate sector.Read more

Mumbai News Desk

03 Mar 2026

A 95-year-old Borivali resident, Anusuya Devrukhkar, has sought criminal proceedings against land acquisition officials and a private builder over the alleged wrongful disbursal of more than INR 87 crore in compensation for her family's land reserved for a public garden. The family has accused authorities of releasing over INR 60 crore to the builder on the basis of disputed 1992 documents and ignoring safeguards meant for Scheduled Caste landowners under the 2013 land acquisition law. Recovery of funds is ongoing, and multiple appeals are pending before the Bombay High Court.Read more

Gurugram News Desk

03 Mar 2026

An FIR has been filed against six directors of two real estate firms Ameya Commercial Projects and Anek Estates and Ventures LLP in relation to an alleged INR 5 crore fraud tied to a commercial project in Sector 57, Gurugram. Gurgaon police registered the case at Sector 56 police station under Sections 120B (criminal conspiracy) and 420 (cheating) of the Indian Penal Code after a resident of Sector 54 lodged a complaint stating she was misled into investing in the Ameya Sapphire 57 development on assurances of timely possession and financial credibility of the developers. The complainant alleged that despite the occupation certificate being issued in July 2025, neither physical possession nor execution of the sale deed was delivered, and she was compelled to pay into a separate firm's account purportedly to evade legal liability. Police said no arrests have yet been made and a detailed investigation is under way.Read more

03 Mar 2026

The Jharkhand State Housing Board has issued a notice to former India captain Mahendra Singh Dhoni over alleged misuse of a residential plot in Ranchi. The board stated that the land was allotted strictly for residential purposes but is suspected to have been used for commercial activity. A final notice has been served seeking clarification, failing which cancellation proceedings may begin. The matter surfaced during a wider review of land-use compliance, where other similar cases have also come under scrutiny.Read more

03 Mar 2026

The Bombay High Court has nullified the Maharashtra government's acquisition of 217 acres in Thane as private forest, ruling that procedural requirements were not followed. The notice for acquisition was neither served on the actual landowner, D Dayabhai and Co Pvt Ltd, nor signed by an authorised officer, violating the Private Forests (Acquisition) Act, 1975. The court cited the Supreme Court's Godrej & Boyce judgment, highlighting that proper notice and opportunity to be heard are mandatory. Authorities were directed to restore the land to its original status, rejecting claims based solely on revenue records.Read more

03 Mar 2026

The Municipal Corporation of Delhi has initiated a comprehensive repair and maintenance campaign for damaged outdoor gym and play equipment across parks in the capital following sustained public dissatisfaction over disrepair and safety concerns. The programme, rolled out after complaints from residents and local councillors, covers equipment installed in roughly 2,000 parks across the city's maintenance portfolio of about 15,000 parks. An initial tranche of work has been completed in around 300 parks, with repairs underway to restore fitness installations and make them safe for community use. In parallel, the civic body has earmarked INR 1.2 crore for a one-off repair effort targeting children's play equipment across its 1,200 wards, with councillors emphasising the importance of completing the work ahead of the approaching summer season.Read more

03 Mar 2026

The Haryana Real Estate Regulatory Authority (H-RERA) has directed Parsvnath Hessa Developers to pay compensation of more than INR 77 lakh to a couple for a significant delay in possession of their apartment in the Parsvnath Exotica residential development on Golf Course Road, Gurugram. The complainants booked a 3,390 sq ft flat in 2012 for about INR 3.4 crore, paying approximately INR 1.5 crore up front, with possession originally due by January 2015. Construction halted for four years and, even when possession was eventually offered in March 2018, the unit lacked a required occupation certificate. H-RERA's adjudicating officer held that indefinite delays were impermissible under Section 18(1) of the Real Estate (Regulation and Development) Act, 2016, and awarded compensation for loss of profit, litigation costs and interest, while rejecting additional claims for mental anguish and lost opportunities as excessive.Read more