Union Minister Shripad Naik is ready to withdraw his application for change of land use in Goa if any illegalities are found. The move comes after an investigation by The Indian Express revealed that several real estate companies and politicians, includin
Shripad NaikLand Use ChangeGoaTcp ActReal Estate CompaniesReal EstateSep 14, 2024

The controversy surrounds the amendment to the Goa TCP Act 1974, which permits conversion of plots without public consultation if the owner approaches the department with a request to correct inadvertent errors or rectify inconsistent/incoherent zoning in Goa's Regional Plan 2021.
Several real estate companies and politicians, including Union Minister of State for Power and New and Renewable Energy Shripad Naik, have benefited from the contentious land use change.
The provision under Section 17(2) of the TCP Act permits conversion of plots without public consultation if the owner approaches the department with a request to correct inadvertent errors or rectify inconsistent/incoherent zoning in Goa's Regional Plan 2021.
Yes, Shripad Naik has offered to withdraw his application for land use change if any illegalities are found and brought to his notice.
The state government has not yet reacted to the allegations of irregularities in the land use change.

A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.

According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.

Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.

The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.

Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.

Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.