Tata Consultancy Services (TCS) has secured a 20-acre land parcel in Kolkata's Bengal Silicon Valley Tech Hub for over 99 years through a lease valued at Rs 94 crore. This acquisition by the IT giant underscores its commitment to expanding its presence in eastern India and strengthening its delivery capabilities in the region. Source link...
Ground visits in Gurugram's licensed colonies reveal a significant scam where occupation certificates (OCs) were issued for incomplete buildings. Structures lacking basic safety features and plaster were declared ready under a self-certification system, raising concerns about collusion and negligence. Investigations are underway, with 1,500 OCs issued between July 2025 and March 2026 now under...
A panel suggests bankruptcy proceedings should focus only on stressed real estate projects, not the entire company. This aims to protect homebuyers in solvent projects and speed up resolutions. The Insolvency and Bankruptcy Board of India panel also recommended raising the minimum default threshold to Rs 5 crore. These changes could impact developers like Jaypee and Unitech facing insolvency. Source...
New rules for Transit Oriented Development in Delhi are now in effect. These regulations aim to build more homes and businesses near metro and transit lines. The policy will cover a large area, including new zones for development. Developers can build more on larger plots, with a focus on affordable housing. A single window clearance will speed up approvals. Source link...
Noida Authority has lifted a ban on four Sports City projects. This decision allows for the revival of approximately 32,000 flats. The ban was imposed in 2021 due to irregularities. A Supreme Court directive led to this approval. Developers must now submit revised layouts. This brings relief to thousands of homebuyers. Source link...
Aristo Pharmaceuticals has acquired over 18,300 sq ft of office space across two floors in Andheri West's Parinee I for over Rs 111.26 crore. This significant outright purchase, registered on March 27, highlights sustained demand for premium commercial assets and a trend of end-users investing in owned office spaces for long-term commitment. Source link...
Yamuna Expressway Industrial Development Authority is launching a new residential scheme. It offers 973 plots near Noida International Airport. This scheme aims to meet the growing housing demand. Applications open on Monday. The draw is scheduled for June 18. This development signals rapid urban expansion and confidence in airport-led growth. Source link...
Institutional investments in Indian real estate surged 25% to $1.6 billion in Q1 2026, propelled by a 57% jump in domestic capital. Office assets dominated, attracting 50% of total inflows, while Delhi-NCR and Bengaluru led in regional investment. Foreign capital saw a 23% decline amid global uncertainties. Source link...
The Ghaziabad Development Authority has increased charges on development fees, building permits, and inspection fees by an average of 4% for the current financial year. These revisions, linked to the cost index, are part of an annual exercise. Developers warn that these cumulative levies will ultimately be passed on to homebuyers, adding to existing inflationary pressures. Source link...
The NCLAT has rejected Raheja Developers' request to halt insolvency proceedings for its Raheja Shilas project in Gurugram, citing unresolved issues with flat buyers. The tribunal stated that withdrawal of the Corporate Insolvency Resolution Process (CIRP) requires full settlement with buyers. The CIRP will now proceed, confined solely to the Raheja Shilas project. Source link...