NBCC to resume work on 16 stalled Supertech projects in January 2027

After facing numerous delays, work on 16 Supertech projects is anticipated to recommence on January 16, 2027, bringing hope to about 14,000 homebuyers awaiting their homes. NBCC plans to issue construction tenders across multiple sites in the NCR region. Though financing issues remain a challenge, the stock of unsold flats could help ease the situation.

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Sebi bans Omaxe, five others for violating minimum public shareholding norms

The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five individuals for shareholding manipulation practices. Omaxe faces a three-month ban from the securities market, while the affiliated promoter group companies are prohibited from market access for one year. Additionally, Sebi has imposed a hefty fine of Rs 1.92 crore, underlining significant violations of public shareholding norms scrutinized by the regulator.

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Godrej Properties to develop Marine Lines project; MICL to recover ₹300 crore investment

Godrej Properties has entered into a development agreement for a 2.5-acre luxury housing project in Marine Lines, Mumbai, with estimated revenue potential of about ₹6,000 crore. Development rights jointly held by Man Infraconstruction and Shreepati Group have been transferred to Godrej, while MICL will recover over ₹300 crore of its investment and retain a revenue-sharing interest.

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Signature Global buys 25 acres for ₹150 crore, ties up 169.22 acres in Gurugram

Signature Global has acquired 25 acres in Farrukhnagar, Gurugram, for ₹150 crore and entered into collaboration agreements for another 169.22 acres. The combined 194.22-acre development has an estimated potential of 6.77 million sq ft and GDV of ₹5,500-6,000 crore.

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Bombay HC uphold builder's decision to terminate flat allotment

The Bombay High Court affirmed a developer's right to revoke Santosh Amarsingh Sandhu's housing allotment due to his failure to clear overdue payments. The court highlighted that developers cannot afford to wait indefinitely for buyers to fulfill obligations, as Sandhu did despite multiple notices. He was encouraged to explore alternative flats, yet neglected to address his financial commitments.

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Anarock acquires 51% stake in DSP Design Associates for about ₹450 crore

Anarock has acquired a 51% stake in DSP Design Associates, which reported revenue of about ₹450 crore in FY26, at a valuation of around one-time turnover, Anuj Puri, founder and chairman, Anarock Group, told ETRealty. The acquisition has been funded through internal accruals.

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Accepting delayed flat possession does not bar homebuyer from claiming interest: Allahabad HC

The Allahabad High Court reaffirmed its decision concerning a homeowner's right to interest due to the delayed possession of a flat in Noida. The ruling emerged after Antriksh Developers and Promoters Pvt Ltd contested the court's stance, insisting that restrictions from the National Green Tribunal hindered their construction efforts. However, the court dismissed these claims and instructed the developer to compensate interest for the prolonged delay in possession.

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