The Ministry of Housing and Urban Affairs has advised state RERA authorities to grant a four-month extension in registration and completion timelines of eligible real estate projects. The advisory applies to projects whose completion date, revised completion date or extended completion date falls on or after February 28, 2026. Source link...
Ritesh Malik, Innov8 founder, purchased a bungalow in Delhi's Golf Links for Rs 85 crore. This transaction marks a trend of corporate leaders acquiring upscale properties in the area. India Sotheby's International Realty facilitated this high-value residential deal for both parties. Golf Links has become a preferred destination for entrepreneurs seeking prime locations. Several other prominent...
The Enforcement Directorate conducted searches and surveys at eight residential and business premises linked to Imperia Wishfield, Imperia Structures, their promoter directors and the resolution professional. The investigation relates to alleged non-delivery of projects, assured-return defaults and diversion of homebuyer funds. Source link...
Vedanta’s board has approved a draft scheme of arrangement to demerge its real estate business into Vedanta Property Platforms. The surplus real estate portfolio comprises about 2,200 acres of land and about 55,000 sq ft of residential and commercial properties. Source link...
The Supreme Court has temporarily halted work orders for cluster redevelopment projects. These projects involve 132 acres in Bandra Reclamation and Worli areas. Housing societies had challenged the government's decision to redevelop these lands. The apex court will hear the matter again on August 13. Until then, no work orders for the redevelopment will be issued. Source link...
Bombay High Court quashed a money laundering case against D B Realty and Vinodkumar Goenka. This criminal proceeding was linked to the Maharashtra Sadan construction controversy involving Chhagan Bhujbal. The court accepted arguments that transactions did not constitute proceeds of crime. The Enforcement Directorate had not challenged discharge orders for other parties in the case. This ruling...
Lloyds Realty Developers has leased the entire 1.82 lakh sq ft of The Square in Andheri East, Mumbai, to Smartworks for 15 years. The transaction is expected to generate rental revenue of over ₹600 crore during the lease tenure. Source link...
Knowledge Realty Trust reported consolidated total income of ₹1,268.14 crore and net profit of ₹250.79 crore. Its manager approved a distribution of ₹751.63 crore, or ₹1.695 per unit, for the quarter. Source link...
Following a change in procedure introduced by the revenue department, the presence of an HSVP official at the tehsil office to complete the registration of sale deeds is a must. Source link...
The Supreme Court ordered Parsvnath Developers to submit a status report on pending cases. The court also directed the firm to finish a homebuyer's dwelling unit within one week. Parsvnath Developers had previously deposited the required amount with interest with the registry. The bench warned of imprisonment if the company directors fail to comply with orders. This action follows a prolonged...