Provisional booking no basis for allottee status: Haryana RERA junks plea

According to the Haryana RERA ruling, merely having a provisional allotment is insufficient to establish a promoter-allottee status. As a result, the complaint against Eldeco and HSIIDC was dismissed. The complainant did not sign or register the sale agreement, despite reminders. Eldeco confirmed its offer was withdrawn with a full refund, while HSIIDC reiterated that the plot allotment was conducted on an 'as is where is' basis.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/eWAX2gO
via IFTTT

CapitaLand India Trust shifts Singapore-dollar debt to rupees as INR falls

CapitaLand India Trust is converting more Singapore-dollar debt into rupee borrowings as the Indian currency weakens, aiming to reduce foreign exchange exposure and boost distributable cash flows. CLINT has completed two debt-onshoring tranches worth about S$204 million in 2026, lifting cumulative distribution-per-unit accretion from the exercises to nearly 5%.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/56h1Jr4
via IFTTT

Puravankara to jointly develop 7.83-acre land parcel in Bengaluru

Puravankara has entered into a joint development agreement for a 7.83-acre land parcel in southeast Bengaluru. The project has an estimated gross development value of ₹1,100 crore and a saleable area of about 0.89 million sq ft.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/hJ1wpUV
via IFTTT

CBI files 18th chargesheet against builder, directors in homebuyers fraud case

The CBI has unveiled its eighteenth chargesheet regarding a homebuyer fraud case, targeting a builder and several directors, as well as financial institution executives. This case pertains to deceptive actions surrounding a housing project in West Bengal. The chargesheet has been filed in the CBI Special Court located in Alipore, with the agency actively pursuing thirty-one more analogous cases across the country.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/UXeMFDP
via IFTTT

Orris Infrastructure's MD Amit Gupta arrested by Mumbai police in cheating case

Amit Gupta, the managing director of Orris Infrastructure, has been taken into custody by Mumbai Police following a complaint from Godrej Properties Limited. The allegations involve serious charges of forgery, cheating, and criminal conspiracy tied to a collaborative project. Under the Bharatiya Nyaya Sanhita, Gupta stands accused of unlawfully altering records, sparking worries among homebuyers eager for their properties' possession.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/f0KtEiD
via IFTTT

SBI acquires commercial property in Pune’s Kharadi for ₹414 crore

The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/AZyjGMz
via IFTTT

ED files status report in sealed cover on investigation into the role of DLF

The Enforcement Directorate has requested additional time to continue its investigation into the Shikohpur land deal, providing necessary documents to the accused. A translation certificate was also submitted. Robert Vadra attended the hearing via video link, but the court expressed dissatisfaction with an unanswered question in the status report. Further proceedings are scheduled for September 23.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/ZOHQWei
via IFTTT