Runwal Enterprises’ ₹500 crore IPO to open on September 25; price band ₹290-305

Runwal Enterprises has fixed a price band of ₹290-305 per share for its ₹500 crore initial public offering. The issue will open on September 25 and close on September 29, 2026.

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Puravankara enters Delhi-NCR with 13.44-acre land parcel in Greater Noida

Puravankara has entered the Delhi-NCR market through the allotment of a 13.44-acre land parcel in Greater Noida. The project has a saleable potential of about 4.57 million sq ft and an estimated GDV of ₹5,200 crore.

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Uttar Pradesh cabinet clears LDA's plan to release 2,747 mortgaged Sushant Golf City plots

The state cabinet has greenlit the Lucknow Development Authority's initiative for Sushant Golf City, ensuring that registries for 2,747 mortgaged plots remain intact, thus safeguarding the interests of buyers. Despite Ansal Properties' sale of these plots without necessary approvals, the LDA is set to complete the township's development and will release plots sector by sector. Plot owners may expedite their process by submitting a guarantee to the LDA.

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Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadline

The National Company Law Appellate Tribunal (NCLAT) has directed NCLT and the Insolvency and Bankruptcy Board of India (IBBI) to suggest names within a week. The IRP, once named, is also required to head the Apex Court Committee overseeing the stalled Supertech projects and chair the Project-Wise Court Committee.

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MahaREAT directs Mumbai developer to pay 2% penalty, apportion sale proceeds from commercial units, execute conveyance

The Maharashtra Real Estate Appellate Tribunal mandated that the promoters of RA Residences pay a penalty and execute a conveyance deed for the residential building. In addition, they are required to distribute sale proceeds from the commercial units to the allottees, and the remaining guest parking spaces will be transferred to the society. The tribunal highlighted the importance of obtaining prior consent for any plan alterations.

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DLF to open ₹500 crore Goa mall by March 2027, eyes over ₹150 crore annual rental income

DLF is set to develop a lavish seven lakh sq ft shopping mall in Goa by March 2027, with a projected investment of approximately ₹500 crore. The mall is forecasted to earn over ₹150 crore in annual rent and has already secured leases for seventy to seventy-five percent of its space. This undertaking is part of DLF's strategy, which includes three retail projects underway this financial year.

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Bombay HC sets guidelines for land title on layout with multiple buildings

The Bombay High Court has introduced fresh guidelines concerning land division in redevelopment initiatives. Upon formation, each society will gain a proportional land entitlement that is safeguarded against reductions from future plan adjustments. Moreover, builders are required to reveal any risks linked to transferable development rights. This decision seeks to address persistent conflicts surrounding land conveyance issues.

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