Real estate leaders are urging the government for key policy changes in the Union Budget 2026. They want measures to boost housing affordability and liquidity. Suggestions include reviving buyer incentives, easing GST, and increasing institutional capital. The sector aims to address rising costs and buyer preferences for sustained economic expansion. Source link...
Mindspace REIT has reported 28.7% year-on-year increase in net operating income for the third quarter of fiscal year 2026. This growth was driven by robust leasing activity and an improved occupancy rate. Mindspace REIT also declared a substantial distribution to its unit holders. Source link...
Delhi Police is investigating a significant case linked to a prime real estate in South Extension. A businessman has accused the sellers of forgery and cheating, claiming the property, worth between 150 to 200 crore rupees, was fraudulently sold for just 41 crore rupees via a forged sale deed. Source link...
Property buyers in Pune may face higher costs soon. Government officials are considering a rise in Ready Reckoner rates from April. This move aims to address a growing revenue deficit and fund welfare schemes. Developers oppose the hike, citing strong property market performance. The decision will impact stamp duty and registration charges. Source link...
CorporatEdge will invest Rs 225 crore to expand its Global Capacity Centres network. The company has partnered with Braymont Holding for this expansion across the GCC. Their first UAE Offitel in Downtown Dubai offers premium serviced suites and caters to global enterprises. This venture aims to create future-ready workplaces in the UAE, leveraging global expertise and local market knowledge. Source...
Affordable housing in Gurgaon and Faridabad is becoming a distant dream for middle-class families as new project launches have stalled. Rising land and construction costs have made it difficult for developers to build within the government's price cap, leading to a near-freeze in approvals and leaving many aspiring homeowners locked out of the market. Source link...
ASK Property Fund has invested Rs 260 crore in Kreeva, the real estate venture of Kanodia Group. Kreeva has acquired a prime land parcel in South Delhi for a luxury residential project. This development will offer spacious apartments in a market known for independent floors. ASK Property Fund sees significant opportunities in the NCR real estate market. Source link...
In a bid to streamline property transactions, Haryana officials are urging all individuals engaged in deals exceeding 30 lakh rupees to promptly provide their Permanent Account Number (PAN) details. This directive targets deals spanning from the fiscal years 2019-20 through 2024-25. Source link...
The UP industries department has prepared a note for the state council of ministers on creating a metropolitan corporation in Noida, a move requiring legislative changes. This proposal stems from a Supreme Court order following a Special Investigation Team's report that criticized Noida Authority's functioning and recommended a more transparent, citizen-centric governance model. Source link...
The Supreme Court has underscored the importance of environmental stewardship, imposing a hefty Rs 5 crore fine on a construction firm for breaching eco-friendly regulations. The court highlighted that larger corporations, which disproportionately benefit from their extensive operations, bear a heightened duty to mitigate their environmental impact. Source link...