War puts brakes on UAE realty boom as Dubai projects face delays

The current turmoil in West Asia is having a notable effect on the property market in the UAE. Developers are experiencing significant delays in delivering new homes due to ongoing supply chain challenges and soaring costs.

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Nexus Trust may buy Galaxy's Guwahati project for ₹1,300 crore

Nexus Select Trust is set to acquire a large mixed-use property in Guwahati for ₹1,300 crore. Inorbit Malls is also expanding its mall portfolio in Tier-2 cities. Developers are increasingly targeting these markets due to strong consumption growth and lower acquisition costs.

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ED files prosecution complaint against TDI infrastructure, its directors

The Directorate of Enforcement has filed a prosecution complaint against TDI Infrastructure Ltd. and its directors under the Prevention of Money Laundering Act. The company is accused of defrauding homebuyers by failing to deliver flats, allegedly diverting Rs 4,619.43 crore collected from over 14,100 customers. Assets worth Rs 349.55 crore have been attached.

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Builder-Banker nexus: CBI files sixth chargesheet against Shubhkamna Buildtech

The CBI has filed its sixth chargesheet in the builder-banker nexus case. Shubhkamna Buildtech Pvt Ltd and its directors are accused of cheating homebuyers. The company allegedly made false promises to secure investments. This action is part of a larger Supreme Court-directed probe into builder fraud across India.

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Housing societies in Mumbai can expand leisure facilities free of FSI

Housing societies in Mumbai can now utilize up to 4% of their built-up area for amenities like yogalayas and fitness centers without incurring Floor Space Index (FSI) charges. This increase from the previous 2% aims to enhance residents' quality of life by providing larger recreational spaces, including covered swimming pools.

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Be realistic in your advertisements: RERA officials to real estate builders

RERA officials have asked developers to avoid misleading advertisements and ensure compliance with regulatory provisions, including agreement for sale and disclosure norms. They also flagged issues such as assured returns and super area-based selling.

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'Miracle' that four lakh still live in dangerous buildings: Bombay HC panel flags crisis

A Bombay High Court-appointed committee has warned that lakhs of Mumbai residents live in structurally unsafe cessed buildings due to redevelopment delays and a severe shortage of transit housing. The panel's report highlights prolonged legal disputes and stalled proposals, with many buildings on the verge of collapse, posing a significant risk to tenants.

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