The Kerala government has decided to purchase the Elstone Estate in Kalpetta to build homes for families displaced by last year's landslide in Wayanad. Originally planned as part of a larger township, the project was scaled down based on the number of affected families. Each home will cost INR 20 lakh, with land ownership restricted from sale for 12 years. Relief measures, including food coupons and financial aid, continue for affected families. The State Empowered Committee will oversee the project, ensuring long-term housing solutions and improved safety for those living in disaster-prone areas.Read more

NBCC India Ltd., the company in charge of finishing Amrapali housing developments, is struggling to deliver over 25,000 completed units due to homebuyer defaults, registration lapses, and pending permissions. The Supreme Court, which is overseeing the resolution, has identified 1,953 flats sold for non-payment and another 1,490 units released for sale owing to unclaimed possession. Verification difficulties, such as fraudulent claims, impede the procedure. Homebuyers are opposing the NBCC's policy on post-handover upkeep, requiring fire clearance, water, and power connections first. The Supreme Court is now considering issuing a public notice to defaulters to clear their debts before taking any further action.Read more

Tamil Nadu Chief Minister M.K. Stalin inaugurated key housing projects and announced financial aid for temples across the state. The Tamil Nadu Housing Board (TNHB) completed 1,046 flats in Chennai, Chengalpattu, and Tiruchirappalli, costing INR 659.96 crore, alongside 464 government employee quarters worth INR 116.55 crore. The government also allocated INR 27 crore to support temple maintenance, benefiting 490 temples in Kanyakumari, 225 in Pudukkottai, and 88 in Thanjavur. These initiatives address growing urban housing needs while preserving Tamil Nadu's cultural heritage, reinforcing the state's commitment to infrastructure, social welfare, and heritage conservation.Read more

The Goregaon-Mulund Link Road (GMLR) is a key infrastructure project aimed at improving east-west connectivity in Mumbai. Spanning 12.2 km and costing INR 10,100-14,000 crore, the project is set for completion by 2028, reducing travel time between Goregaon and Mulund from 75-90 minutes to just 15-25 minutes. Featuring twin tunnels and advanced Tunnel Boring Machines (TBMs), GMLR will enhance connectivity while minimizing environmental impact. Real estate experts predict a rise in property demand in Mulund and surrounding areas, driven by improved accessibility to business hubs in the western suburbs. The project is expected to boost Mumbai's urban development.Read more

Telangana Chief Minister Revanth Reddy has ordered the establishment of a new legal committee to settle pending issues regarding Emaar Properties. This action comes after several years of court conflicts over the company's contracts with the Andhra Pradesh government in 2001 for Hyderabad-based large-scale projects. There have been allegations of irregularities in these transactions that prompted CBI and ED probes, with court cases still pending. In an attempt to resolve the issue, the Chief Minister has sanctioned Emaar's proposal to establish a legal agency with the sanction of the UAE government. The new committee will operate in collaboration with this agency to seek legal remedies. Earlier government attempts, such as a 2015 committee established by the BRS government and suggestions from national and international authorities, will also influence the ultimate decision.Read more

The Goa Coastal Zone Management Authority (GCZMA) has introduced a fee structure for high tide line demarcation, replacing the previously free service. Fees range from INR 2,500 to INR 27,000, depending on plot size, and apply to both private and government applicants. This move aims to streamline CRZ compliance and reduce reliance on private consultants. Goa has also revised environmental clearance fees for development projects, reinforcing regulatory oversight. These measures align with broader efforts to balance development with environmental sustainability, ensuring clarity in coastal land regulation while curbing unauthorized activities in CRZ zones.Read more

The Enforcement Directorate has initiated an investigation into alleged money laundering involving WTC Builder and the Bhutani Group, conducting raids across Delhi-NCR. The probe stems from complaints of fraud against homebuyers, with allegations that WTC Builder collected more than INR 1000 crore but failed to deliver projects for over a decade. The investigation also focuses on a 2022 project in Faridabad. Bhutani Infra, in a statement earlier this week, claims to have severed ties with WTC Group and is cooperating with the investigation, denying any financial or operational connections with the WTC group.Read more

The Noida District Administration has fined Bhutani Infra's Bhutani City Centre project in Sector 150 INR 5 lakh for unauthorized basement excavation without approval from the mining department. Officials seized an excavator after an anonymous complaint led to an inspection. Under Uttar Pradesh regulations, excavation beyond 2 meters requires prior clearance, which the builder failed to obtain. Authorities have ramped up enforcement, seizing 43 vehicles and four excavators in Greater Noida this year, imposing INR 23 lakh in fines. Amid recent building collapses linked to illegal excavation, this crackdown aims to ensure construction safety and regulatory compliance.Read more

The National Company Law Tribunal (NCLT) has instructed IndusInd International Holdings Ltd (IIHL) to finalise the acquisition of Reliance Capital (RCap) and deposit INR 2,750 crore towards equity investment. This directive follows IIHL's failure to meet the earlier deadline of February 25 due to pending documentation. IIHL's counsel assured that previous issues had been resolved and requested an extension, which the tribunal granted. The deal is part of the corporate insolvency resolution process initiated against Reliance Capital after governance issues and a INR 40,000 crore debt default. IIHL had previously secured regulatory approvals and aims to expand its banking and financial services to USD 50 billion in five years post-acquisition.Read more

The Bangalore Water Supply and Sewerage Board (BWSSB) will publish builder payment records for Cauvery water connections in response to complaints from apartment residents. Many builders collected charges from buyers but failed to pay BWSSB, leaving homebuyers without promised connections. The board's website will list compliant and defaulting builders, allowing homeowners to verify payments. BWSSB will mediate settlements, but buyers can take legal action if builders refuse to pay. Additionally, a three-member panel has been formed to address complaints against overcharging plumbers. These steps aim to enhance transparency and accountability in Bengaluru's real estate and water supply sectors.Read more