DLF’s net profit rises 4% to ₹793.90 crore in Q1 FY27

DLF's consolidated total income declined 46.1 per cent to ₹1,605.56 crore during the quarter. Its sales bookings stood at ₹657 crore, while its net cash position improved to ₹15,200 crore.

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Telangana RERA to penalize Pacifica over allotting flat before project registration

Telangana RERA ordered penalty proceedings against Pacifica Constructions for booking a flat before project registration. The authority found the promoter violated the Real Estate Act by booking units prematurely. Allottees alleged delays and quality defects in their apartment after booking. The promoter cited Covid-19 extensions and a registered sale deed for delays. RERA restrained the promoter from recovering certain penalty charges from the complainants.

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Assetz files IPO papers with Sebi via confidential route; plans ₹1,200-crore issue

Assetz Ltd has filed preliminary papers for an initial public offering. The Bengaluru-based developer plans to raise approximately Rs 1,200 crore through this IPO. This public listing will mark the debut of one of Bengaluru's fastest-growing residential developers. The company has also expanded its project pipeline by acquiring new land parcels. Assetz is further exploring entry into the Mumbai Metropolitan Region for expansion.

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Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case

The Delhi High Court has asked the Enforcement Directorate for its stance on a plea. Nayan Raheja seeks to quash a money laundering case filed in 2022. This case stems from the delayed delivery of approximately 4,600 residential flats. The allegations involve diverting substantial funds collected from homebuyers for non-construction purposes. The court has scheduled further hearings after reviewing the status report.

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Housing ministry advises four-month RERA extension for projects hit by West Asia disruption

The Ministry of Housing and Urban Affairs has advised state RERA authorities to grant a four-month extension in registration and completion timelines of eligible real estate projects. The advisory applies to projects whose completion date, revised completion date or extended completion date falls on or after February 28, 2026.

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Innov8 founder buys Golf Links bungalow for ₹85 crore

Ritesh Malik, Innov8 founder, purchased a bungalow in Delhi's Golf Links for Rs 85 crore. This transaction marks a trend of corporate leaders acquiring upscale properties in the area. India Sotheby's International Realty facilitated this high-value residential deal for both parties. Golf Links has become a preferred destination for entrepreneurs seeking prime locations. Several other prominent figures have also bought properties in this exclusive Delhi neighborhood.

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ED searches Imperia premises in homebuyers’ fraud case; seizes ₹50.50 lakh, luxury vehicles

The Enforcement Directorate conducted searches and surveys at eight residential and business premises linked to Imperia Wishfield, Imperia Structures, their promoter directors and the resolution professional. The investigation relates to alleged non-delivery of projects, assured-return defaults and diversion of homebuyer funds.

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