The Haryana Real Estate Appellate Tribunal has ordered a realty firm and the DTCP to produce specific project drawings. This direction follows a homebuyer's challenge regarding the apartment's carpet area and pricing calculations. The tribunal also requested the occupation certificate based on the approved drawings for verification. The realty firm has disputed the homebuyer's allegations...
The Executive Centre India has leased 1.15 lakh sq ft office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers. The company will pay about ₹309 crore rent over the nine-year lease tenure. Source link...
Maharashtra's legislature has amended the MHADA Act to revive Section 79A. This amendment addresses legal ambiguities that previously halted redevelopment efforts. The state expects this change to strengthen its Supreme Court case regarding building safety. Thousands of families reside in dangerous, ageing buildings across Mumbai city. This legislative step moves forward crucial urban renewal...
Family members of Bharat Shah acquired four luxury apartments in Mumbai's Worli area. The total cost for these residences reached approximately Rs 180 crore from the developer. These four apartments are located on the 34th and 35th floors of Wing A. Registration documents show the deal includes sixteen car parking spaces. This transaction highlights continued demand for premium housing in...
The Punjab & Haryana High Court has restrained IREO Group entities and Oberoi Realty from making fresh allotments or creating third-party rights in a Gurugram project until the Haryana DTCP decides a complaint by Advance India Projects. Oberoi Realty said the order does not affect existing sales or construction. Source link...
Mumbai's BMC standing committee approved an amnesty scheme for occupation certificates. This scheme grants certificates to buildings occupied without them for years. Families residing in homes up to 80 square meters will receive urgent relief. The proposal aims to address issues faced by citizens due to delayed OCs. This move provides a pathway for legalizing homes occupied before November...
The Enforcement Directorate conducted searches in Delhi-NCR related to a money laundering investigation. This probe is linked to alleged fraud with homebuyers concerning subvention schemes. At least five premises of three companies were raided under the Prevention of Money Laundering Act. The investigation stems from CBI FIRs filed in 2025 on Supreme Court directions. Builders allegedly diverted...
The CBI filed chargesheets against Ithaca Estate and LGCL Urban Homes for cheating homebuyers. Directors and bank officials were also named in the chargesheets filed in Bengaluru. The accused allegedly made false assurances and used deceptive means to gain financial benefits. This investigation is part of a larger probe into 34 builder cases nationwide. The CBI has already filed thirteen chargesheets in...
Applicants will have to upload Aadhaar details of executants, claimants and witnesses, complete biometric authentication through fingerprint or iris scans, upload photographs and make payments online before digitally submitting the documents. Source link...
A Mumbai court denied bail to Rajendra Lodha, former director of Lodha Developers. He faces allegations of a Rs 181 crore corporate land fraud conspiracy. The court cited his pivotal role and the serious nature of economic offences. Investigations are ongoing, and a crucial auditor's report is awaited. Jail authorities will provide necessary medical care for his conditions. Source link...