The Enforcement Directorate has confiscated properties worth over 270 crore rupees in connection to a high-profile money laundering case. Ex-Lodha Developers director, Rajendra Lodha, who was taken into custody earlier this year, stands accused of manipulating company resources through dubious land deals and unauthorized asset sales. Source link...
Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International, has acquired a bungalow in Delhi's Sunder Nagar for Rs 89.5 crore. The transaction, which saw the firm pay Rs 6.26 crore in stamp duty, highlights Sunder Nagar's growing appeal to high-net-worth individuals seeking prime residential properties in Lutyens' Delhi. Source link...
The Bombay High Court ruled that the Prevention of Money Laundering Act (PMLA) takes precedence over bank recovery laws like SARFAESI and RDB Act. This decision clarifies that banks cannot automatically claim priority over properties attached by the Enforcement Directorate as proceeds of crime, reinforcing the state's authority to confiscate illicit assets. Source link...
Facebook India Online Services, a Meta Platforms Inc. subsidiary, has renewed its office lease at Mumbai's One BKC. The company will pay over Rs 200 crore in rent for the next five years. This renewal highlights the continued demand for prime office spaces in Bandra-Kurla Complex. Established companies are choosing to keep their premium locations. Source link...
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...