Uttar Pradesh RERA registered 143 new real estate projects in early 2026. These projects propose 46,049 housing units with substantial capital investment. Lucknow and Gautam Buddh Nagar led new project registrations and capital inflow respectively. The state's real estate sector saw consistent growth in investments and housing supply. UP-RERA also facilitated significant recovery for homebuyers and...
The transaction was executed through Prestige Mulund Realty Pvt Ltd, which acquired the property from Shamvik Glasstech Pvt Ltd and General Glass Company Pvt Ltd. The deal was registered on July 16, with the buyer paying stamp duty of Rs 6.64 crore, according to property registration documents accessed through CRE Matrix, realty data analytics platform. Source link...
Lodha Developers consolidated total income increased 40.6 per cent to ₹5,096.70 crore during the quarter. Pre-sales stood at ₹4,629 crore, while collections rose 46 per cent year-on-year to ₹4,205 crore. Source link...
The NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate insolvency resolution process initiated in May 2023. Bharadvaja Buildcon LLP will now take over the bankrupt real estate firm. The secured creditor will receive constructed free-sale area in a slum rehabilitation project. Construction is expected to...
Bangalore Development Authority has restricted approving revised building plans after occupancy certificates are issued. A new circular mandates owner consent for modifications where third-party rights exist. This order follows a legal challenge by residents of HM Tambourine apartment complex. The residents contested a modified sanction plan approved without their consent. This move aims to protect...
Gurugram police filed a cheating case against Orris Infrastructure and its directors. Complainants allege fraud in a land agreement involving agricultural property near Manesar. The builder allegedly transferred allotted plots to third parties despite prior agreements. Legal heirs discovered plot transfers and construction on their land this year. Investigation is underway to verify facts and take...
Gulshan Group has launched Gulshan Empire, a premium residential project at Wave City, with an estimated investment of ₹1,000 crore. The 5.5-acre project is expected to generate sales realisation of over ₹1,200 crore. Source link...
Actor John Abraham recently bought a historic bungalow in Bandra West for eighty-four crore rupees. This property, built in nineteen twenty-six, was owned by the DeVitre family. Abraham also purchased a Linking Road bungalow in Khar for seventy-five crore rupees last December. Many Bollywood personalities invest heavily in Mumbai real estate for personal and investment reasons. Celebrities often prefer...
Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer's appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property possession or receipt. This decision clarifies tax treatment for ongoing redevelopment projects in...
The Enforcement Directorate has provisionally attached 389 immovable properties worth ₹240.03 crore in a money laundering case linked to Bhasin Infotech and Infrastructure, Grand Venezia Commercial Towers, Satinder Singh Bhasin and others. The present market value of the attached properties is estimated to be over ₹700 crore. Source link...