Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living...
Maharashtra's real estate regulator has granted a four-month extension for project completion deadlines, addressing the challenges developers face due to ongoing supply chain disruptions. This respite applies to all projects set to conclude on or after February 28, 2026, and comes in light of a Union Ministry advisory related to the consequences of the West Asia conflict. Source link...
In a significant ruling, the Supreme Court has ordered lenders to proceed with prosecuting their officers implicated in a questionable alliance with builders. The court's directive includes the allocation of extra police forces to bolster the CBI's ongoing probe. Additionally, pertinent case details will be handed over to the Enforcement Directorate, as the CBI scrutinizes allegations tied to...
Maharashtra minister Mangal Prabhat Lodha has directed authorities to initiate strict legal action against developers failing to hand over homes reserved for MHADA. The direction came during MHADA Mumbai Board’s lottery for 2,640 homes, which received 75,127 applications. Source link...
The Yamuna Expressway Industrial Development Authority is gearing up to unveil two new residential plot schemes come October. One will cater specifically to the low-income group with 40 sqm plots available, while the general public can apply for larger plots, ranging between 162 to 300 sqm. The newly established eligibility criteria will bar prior allottees from participating. Source link...
Madhuri Dixit has sold a commercial office in Andheri West and a residential apartment in Juhu for a combined Rs 9.25 crore. The deals reflect sharp appreciation in Mumbai's property market, with the Andheri office rising over nine-fold in value since 2008 and the Juhu flat more than doubling since its purchase in 2012. Source link...
A Delhi court granted interim protection from arrest to Raheja Developers' chairman and managing director. The court stated non-bailable warrants should not be issued mechanically. The Enforcement Directorate sought warrants after the accused allegedly failed to join investigations. The accused's lawyers argued they had previously cooperated with the probe. The court will hear the matter...
Luxury rentals in Delhi's Lutyens Bungalow Zone are soaring as a severe shortage of homes for sale pushes affluent families, diplomats and corporate executives towards leasing premium properties. Rentals in areas such as Golf Links and Sunder Nagar have doubled in some pockets over the past few years, with monthly rents touching ₹20 lakh amid tight supply and robust demand. Source link...
In a decisive ruling, the National Consumer Commission has mandated that legal heirs must either provide flats or refund payments to homebuyers within six weeks. The heirs' claims of ignorance regarding the payments and ongoing civil suits were dismissed as baseless by the commission. The ruling reinforces that the failure to deliver possession creates an ongoing cause for legal action. Source...
DLF's consolidated total income declined 46.1 per cent to ₹1,605.56 crore during the quarter. Its sales bookings stood at ₹657 crore, while its net cash position improved to ₹15,200 crore. Source link...