Prime Minister Narendra Modi inaugurated phase-I of the Noida International Airport at Jewar, a ₹11,200 crore project poised to reshape NCR's real estate. This development is expected to significantly boost connectivity across western Uttar Pradesh and NCR, driving demand across residential, commercial, and logistics segments, and attracting institutional investment. Source link...
The Maharashtra government is taking a step towards stability by allowing the regularisation of residential encroachments up to 500 square feet, provided they existed before January 1, 2011. It's essential to note that Mumbai city, along with its suburbs, is excluded from this policy. Source link...
UP-RERA has introduced significant changes to its regulations effective March 25, 2026. Homebuyers in unregistered projects can now approach UP-RERA for grievance redressal. The authority will determine if registration was mandatory and take necessary action. Additionally, caps have been placed on administrative charges for property transfers. These amendments aim to enhance transparency and efficiency...
Delhi Police's Economic Offences Wing has filed an FIR against Experion Developers and Experion Capital for fraud, stemming from an ED investigation into Religare Finvest. The probe revealed the Singh brothers allegedly siphoned Rs 2,036 crore from RFL, with Rs 150 crore used to buy land in Gurugram. Source link...
Prestige Group and Arihant Group have joined forces to acquire a significant land parcel in Padi, Chennai. This joint venture will develop a large residential project. The development is expected to offer substantial saleable area and generate considerable revenue. This expansion signifies a commitment to high-quality housing in the city. Source link...
Godrej Seeds and Genetics Ltd has acquired three floors in Godrej One, Vikhroli, for Rs 366 crore. This intra-group consolidation of 70,361 sq ft of office space highlights a trend of corporates optimizing real estate for long-term efficiency. The deal underscores Vikhroli's growing prominence as a business hub. Source link...
Punjab and Haryana HC has refused to quash an FIR against Emaar India Ltd, rejecting the real estate giant's plea. The company faces allegations of cheating, fraud, and criminal conspiracy for allegedly suppressing prior binding agreements over project land. The court found the allegations disclosed a prima facie case requiring investigation. Source link...
Uttar Pradesh cabinet approved an ordinance simplifying land-use conversion, integrating it with building plan approvals to boost industrial growth. A policy to treat and reuse wastewater was also cleared, aiming to conserve drinking water resources. Additionally, funds were allocated for a 7km road for the Sambhal 24 Kosi Parikrama, easing devotee access. Source link...
The SWAMIH Investment Fund II is set to launch, aiming to help homebuyers with stuck investments. The SWAMIH Fund has already committed to 148 projects, delivering over 63,000 homes. This initiative, established in November 2019, provides crucial debt financing to revive stalled affordable and mid-income housing projects across India. It acts as a vital support for developers facing...
Indian real estate developers are facing challenges due to the West Asia conflict. Shortages of building materials like steel, PVC, wires, pipes, and glass are emerging. Construction costs may increase if tensions persist. This could impact project completion timelines and eventually lead to higher housing prices. Developers are working to manage these rising costs. Source link...