We want to work towards predictive analysis of projects: Parneet Sachdev, Haryana RERA-Panchkula

Parneet S. Sachdev, chairman, Haryana RERA-Panchkula, said RERA 2.0 should move real estate regulation from post-facto complaint resolution to technology-led monitoring. He said artificial intelligence, real-time project data and predictive analysis can help regulators identify stress in projects much before they fail.

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Delhi CM orders immediate sealing of unauthorised fifth floors

In a bid to enhance safety, Delhi authorities have swiftly ordered the sealing of structures with unauthorized fifth floors. As part of this initiative, municipal officials are ramping up their efforts to identify vulnerable and aging buildings throughout the city. Consequently, five officials have faced suspension due to a recent tragic collapse that resulted in seven fatalities.

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Sachin Tendulkar buys 3.86-acre land parcel in Lonavala for ₹70 crore

Cricketer Sachin Tendulkar has acquired over 3.9 acres of land in Lonavala for a combined ₹70 crore through three registered transactions. The parcels, spanning 15,601.78 sq m, include an existing built-up structure. Tendulkar paid about ₹4.20 crore in stamp duty, according to registration documents accessed through Zapkey.

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Arnya RealEstates launches ₹750 crore AIF with Casagrand

Arnya RealEstates Fund Advisors has launched Arnya Real Estate Fund III – Preferred Capital, a Category-II AIF with a target corpus of ₹750 crore. The fund, launched in partnership with Casagrand Premier Builder, will invest in residential projects across Chennai, Bengaluru and Hyderabad.

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Mumbai: For flouting pollution norms, BMC to revoke builders’ project permission

Responding to escalating air quality concerns, the BMC has implemented tough penalties for construction sites that fail to adopt effective air pollution mitigation strategies. Architects and developers could face suspension of licenses or revocation of development permissions if they do not comply. Additionally, a 100% penalty will be imposed on applicable premium rates for any unauthorized work conducted after a stop-work notice.

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No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribunal emphasized that taxation under Section 56(2)(x) applies only when the property is actualized, meaning it cannot be taxed while still under construction. This ruling provides crucial tax relief for homeowners navigating complex redevelopment contracts.

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CBI report flags deviations from DLF Primus brochure plan in Gurugram: SC

The Supreme Court pointed out significant variances from the original concept of DLF Primus, with a critical 24-meter corridor largely absent from the project. Much of the area is dedicated to landscaped spaces and resident parking. Consequently, the court has urged the CBI to promptly advance its preliminary inquiry and requires the Haryana government to ensure that future constructions meet legal requirements.

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