Paranjape Schemes to invest ₹700 crore to develop residential projects in Pune

Paranjape Schemes Construction is set to invest ₹700 crore in developing five residential towers across Pune's western corridor, specifically Sinhgad Road, Bhugaon, and Hinjewadi Phase 1. These projects, offering over 1.75 million sq ft and approximately 1,400 units, are projected to generate ₹1,175 crore in revenue. The company is also advancing three large integrated townships.

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UP-RERA penalises three projects ₹5 lakh each for promoting unregistered developments

UP-RERA has fined three real estate projects ₹5 lakh each for promoting and selling units without mandatory RERA registration. The authority found 'Estate 105', 'Sobha Rivana', and 'Avikalp Estate' in violation of the Real Estate (Regulation and Development) Act, 2016. This action underscores RERA's commitment to curbing unauthorized promotions and safeguarding homebuyer interests.

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Gulshan Group to invest about ₹3,300 crore to develop five projects in NCR

Gulshan Group plans a ₹3,300 crore investment in five NCR projects for FY26-27, including a Taj-branded hotel and serviced apartments in Noida. This strategic move targets both luxury and mid-income housing, responding to Noida's maturing premium market and demand for quality hospitality.

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NCLT approves Adani Group ₹14,535 crore bid to acquire bankrupt Jaiprakash Associates

The National Company Law Tribunal has green-lighted Adani Enterprises' acquisition of Jaiprakash Associates with a deal worth Rs 14,535 crore. With this bid, Adani Enterprises emerged as the leading contender for the struggling infrastructure firm, which holds a valuable portfolio that spans real estate, cement, and hospitality sectors.

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RSVM Hospitality buys 18.6-acre land parcel in Thane for ₹498 crore

RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth.

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ED raids residential, office premises of Mantri Developers, directors in Bengaluru

The Enforcement Directorate (ED) on Monday carried out search operations at the residential and office premises of real estate firm Mantri Developers Private Limited and its directors in Bengaluru in connection with a money laundering investigation, officials said.

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SC gives final opportunity to Noida authority to comply with orders on stalled sports city project

The Supreme Court has stepped in to give Noida Authority one last chance to comply with its established orders regarding the halted Noida Sports City initiatives. Following a construction freeze that took effect in January 2021, the court's recent rulings had already signaled a pathway for reconstruction.

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