CBI files chargesheet against Ozone Urbana in homebuyers' fraud case

The CBI filed its 17th charge sheet in the scam before the Special Court in Bengaluru against the builder for "alleged fraudulent activities" relating to a housing project situated in the city, they said.

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Government proposes mandatory energy ratings for large buildings above 20,000 sq metres

Mandatory energy performance ratings are set to be introduced for sizable commercial buildings over 20,000 square metres in India. This pivotal move aims to elevate energy efficiency within the burgeoning building industry, allowing the government to standardize evaluations and promote superior building designs. Consequently, consumers will have the opportunity to assess and compare energy efficiency ratings across various properties.

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Notandas Realty directors acquire Juhu bungalow Villa Wilson for ₹135 crore

The property is spread over a 1,038.50-sq-metre plot and is located near Amitabh Bachchan’s bungalow Jalsa. It is the directors’ second bungalow acquisition in Juhu in 2026.

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Ranchi I-T surveys detect ₹50 crore undisclosed income at realty groups

The Income Tax investigation wing has detected undisclosed income worth Rs 50 crore. Surveys were conducted on five premises of Panache Realtors and Dayanand Modi Group. I-T teams are analyzing documents and digital data, including chats related to cash transactions. Partners of both real estate groups are currently being questioned by authorities. Tax evasion was allegedly found in Rosewood apartment projects in Lalpur.

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Delhi government probing into building plans cleared without IFC payment

Delhi government is investigating building plans approved without infrastructure charges. Thousands of crores in revenue loss are estimated due to this evasion. Many property owners allegedly used fake documents for approvals. The government will recover dues and may seal properties if payment is not made. This action follows a reduction in infrastructure charges by up to seventy percent.

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L&T Realty buys land in Central Delhi for ₹200 crore

L&T Realty Developers has acquired a 2.5-acre land parcel in central Delhi for nearly ₹200 crore. The developer plans to construct a boutique luxury residential project on this acquired site. This acquisition follows L&T Realty Properties' earlier stake purchase in Gurugram. The existing L&T office structure will be demolished for the new residential development.

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UP-RERA mandates separate bank account for IFMS deposits in real estate projects

UP-RERA has notified amendments introducing a framework for collection, management, transfer and utilisation of Interest Free Maintenance Security funds. Promoters will have to transfer the entire IFMS corpus to RWAs or associations of allottees at the time of handing over common areas.

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