The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against realty firm Mahagun. This decision follows a settlement reached between Mahagun (India) and its financial creditor, IDBI Trusteeship, on February 12, 2026. Source link...
The Rekha Gupta government is undertaking a comprehensive revision of property circle rates, the first in years, to align them with market trends. While premium areas see modest hikes, sharper increases are proposed in mid- and lower-segment zones where market values significantly exceed current rates. This recalibration aims to rationalize valuations and boost revenue collection. Source link...
The Maharashtra Real Estate Appellate Tribunal has put a hold on a MahaRERA chairperson's order concerning a flat buyer's complaint. The tribunal also called for an investigation into the issuance of two different versions of the same order. This action follows an appeal against the chairperson's decision to set aside previous orders. Source link...
The order was passed by a bench comprising Chairperson Anand Kumar and Member Devesh Singh. During the hearing, counsel for both sides informed the Authority that NBCC has already filed an appeal with REAT, but no stay has been granted to date. The appeal is listed for hearing on March 9, 2026. Source link...
Maharashtra government has formed a 12-member committee to re-survey river flood lines across the state, including Pune and Pimpri Chinchwad. The panel will review existing norms and suggest amendments to the UDCPR for TDR utilization on properties built before the 2009 flood line demarcation. This move aims to resolve redevelopment hurdles for numerous properties. Source link...
A civic investigation revealed that construction debris from nearly 2,000 Mumbai redevelopment projects never reached designated disposal sites. Environmentalists suspect the waste was sold to the land mafia for encroaching on mangrove and wetland areas. The Brihanmumbai Municipal Corporation has now halted further construction permissions until developers contract with official recycling...
Delhi has launched Bhu Aadhaar, assigning a 14-digit Unique Land Parcel Identification Number (ULPIN) to every land parcel to modernize records and enhance accountability. This initiative aims to combat corruption and land disputes by creating a digital 'Aadhaar' for property ownership, ensuring greater transparency and streamlining transactions. Source link...
The NCLT Delhi has appointed an independent committee of experts to address homebuyers' grievances regarding Jaypee Infratech projects, now under Suraksha Realty. The committee will assess construction progress against the resolution plan and report on project status and any outstanding issues. This move aims to safeguard allottees' interests and ensure timely redressal of their...
The government is exploring relaxing building height limits to boost city development. This move aims to facilitate vertical growth as land becomes scarce. India's real estate market is projected for significant expansion. The civil aviation minister highlighted this potential. More airports are also planned, which will positively impact construction and housing sectors. Source link...
Dev Accelerator has secured a massive 27-storey office tower in Ahmedabad. This deal, valued at over Rs 850 crore, is the largest coworking transaction in India. The agreement is structured as a development management deal. The project is currently under construction and will be ready in about 2.5 to three years. Source link...