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RSS Real Estate News

  • Nashik civic body to launch drive to check rainwater harvesting systems April 18, 2026
    The Nashik Municipal Corporation is launching an inspection drive to ensure rainwater harvesting systems are functional in buildings of 500sqm or more. Mayor Himgauri Aher instructed officials to review existing systems and consider penalties for non-compliance. Incentives for reporting violations and voluntary installations are also being explored to improve groundwater levels.
  • Lucknow development body launches OTS for around 4,000 defaulters April 18, 2026
    The Lucknow Development Authority (LDA) is launching a One-Time Settlement (OTS) program to aid approximately 4,000 defaulters. This initiative offers relief from penalties and compound interest, allowing allottees to regularize ownership by clearing dues. Applications will be processed within three months, with a 3% rebate for full payments made within 30 days.
  • Surat: Pragya Nagar won’t be charged property tax April 18, 2026
    Surat Municipal Corporation has waived property tax for residents of Pragya Nagar after their homes were demolished in 2025. The civic body took this step after residents received tax bills for the upcoming year, despite their colony no longer existing.
  • GVMC initiates comprehensive slum survey across Visakhapatnam April 18, 2026
    The Greater Visakhapatnam Municipal Corporation (GVMC) is conducting a comprehensive survey of 66 slums to assess development levels. Slums meeting certain criteria will be denotified, while others, like Velampeta and Indira Nagar, will undergo redevelopment through a public-private partnership. This initiative aims to transform the city into a slum-free zone with new high-rise residential apartments.
  • Sand shortage in Mangaluru adds ₹2 lakh to cost of building a house April 18, 2026
    Mangaluru builders face a severe sand shortage, escalating construction costs by nearly Rs 2.25 lakh per standard house. A four-year ban on sand mining in CRZ areas forces contractors to use coarser, less ideal sand from non-CRZ regions, leading to significant wastage. This crisis is pushing up prices and impacting project budgets.
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