CapitaLand India Trust has raised ₹915 crore in its first onshore bond issuance. This move aims to boost unit distributions and increase its India loan book to 40-50%. The company is expanding its office and data center portfolios. Upcoming projects include a new office space in Bengaluru and redevelopment in Hyderabad. Source link...
DLF has finalized the sale of its Kolkata IT/ITeS SEZ property along with an adjacent land parcel, valued at around ₹670 crore. The purchasers, Makalu Builders LLP and Gangapurna Projects LLP, both operating under Srijan Realty, are poised to wrap up the deal in the next four months. Source link...
A Delhi court has officially recognized the chargesheet against M3M India Pvt Ltd and its promoters, linked to allegations of land fraud with MGF Developments Ltd. This intricate case involves a disputed land exchange in Gurugram, highlighting competing ownership claims in Chauma village. Source link...
The Supreme Court is scrutinizing a Bombay High Court ruling that green-lights slum rehabilitation on land designated for parks and recreational areas. Critics contend that this encroachment jeopardizes Mumbai's precious open spaces. The High Court previously endorsed a regulation allowing such projects, provided a portion of the land is reinstated for public access. Source link...
The Supreme Court has affirmed the initiation of insolvency proceedings against Bhasin Infotech and Grand Venezia. This ruling stands as a firm defense of the rights of both homebuyers and commercial investors, highlighting the developers' failure to deliver promised functional units and their misleading communications. Source link...
Affordable housing initiatives in Gurugram and Faridabad are currently at a standstill. The surging costs associated with land and construction have made existing price structures impractical for developers to comply with. Meanwhile, residents eagerly anticipate new housing alternatives. Source link...
The Union Budget 2026-27 introduces key initiatives for real estate and construction. It plans to monetize central public sector enterprise assets through REITs. A scheme will enhance construction equipment manufacturing. Tax exemptions are provided for compulsory land acquisition. Urban development in Tier II and Tier III cities receives a significant boost. Source link...
The Indian government will boost efforts to monetize real estate owned by public sector companies. This will be done using dedicated Real Estate Investment Trusts. This move aims to unlock value from public assets and generate revenue. It will also help channel institutional capital into infrastructure. Source link...
Real estate leaders are urging the government for key policy changes in the Union Budget 2026. They want measures to boost housing affordability and liquidity. Suggestions include reviving buyer incentives, easing GST, and increasing institutional capital. The sector aims to address rising costs and buyer preferences for sustained economic expansion. Source link...
Mindspace REIT has reported 28.7% year-on-year increase in net operating income for the third quarter of fiscal year 2026. This growth was driven by robust leasing activity and an improved occupancy rate. Mindspace REIT also declared a substantial distribution to its unit holders. Source link...