Create robust system for affordable rental housing in Mumbai: Maharashtra CM directs authorities

Maharashtra's Chief Minister Devendra Fadnavis has unveiled an innovative plan aimed at easing the rental market in Mumbai by introducing a system for affordable housing. A specialized digital platform will create seamless access for residents, aligning available properties with their needs. The initiative ensures that all processes are guided by strict agreements and oversight.

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AstraZeneca India plans to sell 64-acre Bengaluru site for ₹3,400 crore

AstraZeneca's Indian unit is planning to sell its 64-acre manufacturing facility in North Bengaluru for an estimated ₹3,400 crore. The move is part of a global review of its manufacturing network and a broader land monetization strategy. Developers like Sattva Group, Aurobindo Pharma, and RMZ have shown interest in the prime land parcel.

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TCS picks up 20-acre land in Kolkata's New Town through 99-year lease

Tata Consultancy Services (TCS) has secured a 20-acre land parcel in Kolkata's Bengal Silicon Valley Tech Hub for over 99 years through a lease valued at Rs 94 crore. This acquisition by the IT giant underscores its commitment to expanding its presence in eastern India and strengthening its delivery capabilities in the region.

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OC scam in Gurugram: Declared ready, but buildings still lack lifts, parking

Ground visits in Gurugram's licensed colonies reveal a significant scam where occupation certificates (OCs) were issued for incomplete buildings. Structures lacking basic safety features and plaster were declared ready under a self-certification system, raising concerns about collusion and negligence. Investigations are underway, with 1,500 OCs issued between July 2025 and March 2026 now under scrutiny.

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IBBI panel suggests project-wise insolvency resolution for real estate sector

A panel suggests bankruptcy proceedings should focus only on stressed real estate projects, not the entire company. This aims to protect homebuyers in solvent projects and speed up resolutions. The Insolvency and Bankruptcy Board of India panel also recommended raising the minimum default threshold to Rs 5 crore. These changes could impact developers like Jaypee and Unitech facing insolvency.

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Centre notifies revised TOD rules for Delhi, opens 207 sq km along metro corridors for high-density housing

New rules for Transit Oriented Development in Delhi are now in effect. These regulations aim to build more homes and businesses near metro and transit lines. The policy will cover a large area, including new zones for development. Developers can build more on larger plots, with a focus on affordable housing. A single window clearance will speed up approvals.

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Revival path to open for all Sports Cities if developers in Noida submit plans

Noida Authority has lifted a ban on four Sports City projects. This decision allows for the revival of approximately 32,000 flats. The ban was imposed in 2021 due to irregularities. A Supreme Court directive led to this approval. Developers must now submit revised layouts. This brings relief to thousands of homebuyers.

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