The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district. Source link...
August 2026
The Enforcement Directorate has requested additional time to continue its investigation into the Shikohpur land deal, providing necessary documents to the accused. A translation certificate was also submitted. Robert Vadra attended the hearing via video link, but the court expressed dissatisfaction with an unanswered question in the status report. Further proceedings are scheduled for September...
Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their...
The Delhi Master Plan 2047 envisages development of around 40 lakh new affordable housing units, redevelopment of existing residential areas and planned urban expansion through land pooling. The plan also proposes transit-oriented development, higher FAR incentives, regularisation of unauthorised colonies and conservation of heritage assets. Source link...
ED said its investigation has revealed an "organised and systematic modus operandi" in which investors were induced to purchase commercial units in lieu of assured long-term leases, fixed rental income, buy-back arrangements and periodic increase of returns. Source link...
Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution. Source link...
The Haryana DTCP has held that Licence No. 69 of 2025 and the June 17, 2025 approval for change of developer in favour of Oberoi Realty are legally intact. Oberoi Realty said the restriction imposed by the Punjab & Haryana High Court on fresh allotments and creation of third-party rights has ceased to be operative. Source link...
The Supreme Court is set to review the National Buildings Construction Corporation's (NBCC) request concerning RERA compliance for Supertech's housing projects. NBCC is seeking exemptions from mandatory regulations to renovate stalled developments. This appeal comes after the National Company Law Appellate Tribunal denied similar requests. Previously, the apex court instructed NBCC to...
The Enforcement Directorate has urged homebuyers to report any fraudulent builders to the relevant authorities. It's crucial for buyers to always confirm RERA registration and examine property title documents thoroughly before proceeding with transactions. Relying on mere verbal promises from brokers regarding property purchases can lead to complications. Recently, the agency provisionally attached...
India’s six listed REITs distributed ₹3,136 crore to over 4.85 lakh unitholders in Q1 FY27, according to the Indian REITs Association. The sector’s gross AUM stood at over ₹3.17 lakh crore, while market capitalisation was over ₹2.17 lakh crore as of August 11, 2026. Source link...