Delhi government notifies amended fire safety rules, introduces extensive measures to safeguard buildings

In a significant move towards improving public safety, Delhi has revised its Fire Service Rules, raising the bar for fire safety standards in all newer and existing buildings. Key requirements now include effective fire and smoke barriers, unobstructed access routes, and operational emergency power units. These rules are crafted to align seamlessly with the updated Unified Building Bye-Laws, ensuring enhanced readiness.

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Vamsiram Builders secures 5.38-acre land parcel in Hyderabad's Raidurg for ₹1,447 crore

Raidurg land auctions continue to break records, fetching Rs 269 crore per acre. Vamsiram Builders secured a 5.38-acre parcel for Rs 1,447 crore in the latest auction. Two auctions this month collectively earned Rs 2,833 crore from 10.63 acres. This outcome reflects strong investor confidence in Hyderabad and Telangana's growth. The exceptional price discovery reinforces Hyderabad's position as a dynamic real estate market.

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Max Estates to acquire 84.71-acre land parcels in Delhi via ₹420 crore share swap

Max Estates is set to acquire nine companies that own land across eighty-four acres in Delhi. This significant non-cash share swap allows the company to make its debut in the Delhi residential market. With a development potential of four to six million square feet, this move is strategically aligned with the Delhi Master Plan 2047, preserving cash for further land acquisitions ahead.

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Knowledge Realty Trust's sponsors to sell up to 25.03% stake via OFS

Knowledge Realty Trust's sponsor entities are set to offload 25.03% of their units in a strategic move to comply with SEBI's unitholding requirements. The sale will launch for non-retail investors on August 31, 2026, followed by opportunities for retail and other investors on September 1, 2026. The anticipated total offer size is around ₹11,988 crore.

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ED freezes assets worth ₹33 crore after raids against Vatika

The Enforcement Directorate has seized assets amounting to thirty-three crore rupees as part of its investigation into Vatika Ltd.'s promoters. This probe, initiated under the Prevention of Money Laundering Act, targets serious allegations of fraud affecting homebuyers who suffered losses due to the non-delivery of plots from 2010 to 2012.

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Infineon Tech picks up 6.3 lakh sq ft Bengaluru office in ₹750-crore rental deal

German firm Infineon Technologies has leased over 6.3 lakh sq ft office space in Bengaluru. This significant deal involves a rental payout exceeding Rs 750 crore over ten years. The company also announced its acquisition of power semiconductor startup C2i Semiconductors. This move aims to bolster Infineon's engineering and research capabilities in India.

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Provisional booking no basis for allottee status: Haryana RERA junks plea

According to the Haryana RERA ruling, merely having a provisional allotment is insufficient to establish a promoter-allottee status. As a result, the complaint against Eldeco and HSIIDC was dismissed. The complainant did not sign or register the sale agreement, despite reminders. Eldeco confirmed its offer was withdrawn with a full refund, while HSIIDC reiterated that the plot allotment was conducted on an 'as is where is' basis.

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