Real estate developers in Ranchi are grappling with major delays as 327 building plans await civic body approval since January 2025. This backlog hampers new project launches and stretches construction timelines, impacting the city's growth and investor confidence.
The Enforcement Directorate has provisionally attached 10 immovable properties worth Rs 15.41 crore linked to accused in a Rs 734 crore GST fake input tax credit scam, underscoring strict regulatory actions in Ranchi's real estate market. This move highlights ongoing efforts to curb fraud in the sector.
Ranchi is experiencing a significant infrastructure upgrade with the completion of key flyovers like Kantatoli, Mecon-Siram Toli, and Ratu Road, alongside progress on extensive ring roads. These developments aim to enhance connectivity, reduce congestion, and boost real estate appeal in the city.
IGBC's 32nd chapter launched in Ranchi marks Jharkhand's first green building council, promoting sustainable construction and climate-resilient infrastructure development.
Ranchi Municipal Corporation implements revised circle rates with 10% hike across 53 municipal wards effective August 1, 2025, significantly increasing property registration costs.
Ranchi's RERA authority enforces stricter compliance measures, increasing project audits and transparency requirements to protect homebuyers and improve real estate quality in the city's rapidly evolving property market. The move aligns with nationwide reforms, such as Gujarat's triad banking accounts and Odisha's structural repair funds, to bolster accountability and buyer confidence.
Indian cricket captain M.S. Dhoni is building a luxurious farmhouse on a one-acre plot gifted to him in Ranchi, Jharkhand. The property includes various amenities such as game pools, a swimming pool, a gymnasium, and a sports photo gallery.
Dhanbad, Jharkhand, emerges as a rising real estate hub after Ranchi and Jamshedpur, with realistic property rates and growing demand for horizontal colonies.