MHADA 79A amendment clears legislature, revives hope for redevelopment of 13,000 old Mumbai buildings

Maharashtra's legislature has amended the MHADA Act to revive Section 79A. This amendment addresses legal ambiguities that previously halted redevelopment efforts. The state expects this change to strengthen its Supreme Court case regarding building safety. Thousands of families reside in dangerous, ageing buildings across Mumbai city. This legislative step moves forward crucial urban renewal initiatives for residents.

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Former ASK Asset director's family buys four Mumbai apartments for ₹179 crore

Family members of Bharat Shah acquired four luxury apartments in Mumbai's Worli area. The total cost for these residences reached approximately Rs 180 crore from the developer. These four apartments are located on the 34th and 35th floors of Wing A. Registration documents show the deal includes sixteen car parking spaces. This transaction highlights continued demand for premium housing in Mumbai's prime locations.

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Punjab & Haryana HC bars fresh allotments in Oberoi Realty’s Gurugram project pending DTCP decision

The Punjab & Haryana High Court has restrained IREO Group entities and Oberoi Realty from making fresh allotments or creating third-party rights in a Gurugram project until the Haryana DTCP decides a complaint by Advance India Projects. Oberoi Realty said the order does not affect existing sales or construction.

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ED raids builders in Delhi-NCR in 'subvention scheme' fraud case

The Enforcement Directorate conducted searches in Delhi-NCR related to a money laundering investigation. This probe is linked to alleged fraud with homebuyers concerning subvention schemes. At least five premises of three companies were raided under the Prevention of Money Laundering Act. The investigation stems from CBI FIRs filed in 2025 on Supreme Court directions. Builders allegedly diverted homebuyer funds to other projects and purposes.

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CBI files two chargesheets in homebuyers' fraud cases

The CBI filed chargesheets against Ithaca Estate and LGCL Urban Homes for cheating homebuyers. Directors and bank officials were also named in the chargesheets filed in Bengaluru. The accused allegedly made false assurances and used deceptive means to gain financial benefits. This investigation is part of a larger probe into 34 builder cases nationwide. The CBI has already filed thirteen chargesheets in these ongoing investigations.

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Builders in Tamil Nadu can register first sale of plots, flats without visiting sub-registrar offices

Applicants will have to upload Aadhaar details of executants, claimants and witnesses, complete biometric authentication through fingerprint or iris scans, upload photographs and make payments online before digitally submitting the documents.

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Court denies bail to ex-director of Lodha Developers in ₹181 crore land scam

A Mumbai court denied bail to Rajendra Lodha, former director of Lodha Developers. He faces allegations of a Rs 181 crore corporate land fraud conspiracy. The court cited his pivotal role and the serious nature of economic offences. Investigations are ongoing, and a crucial auditor's report is awaited. Jail authorities will provide necessary medical care for his conditions.

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