Lulu Group arm buys Delhi's Sunder Nagar bungalow for ₹89.5 crore

Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International, has acquired a bungalow in Delhi's Sunder Nagar for Rs 89.5 crore. The transaction, which saw the firm pay Rs 6.26 crore in stamp duty, highlights Sunder Nagar's growing appeal to high-net-worth individuals seeking prime residential properties in Lutyens' Delhi.

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Banks can't claim priority over properties attached under PMLA: Bombay HC

The Bombay High Court ruled that the Prevention of Money Laundering Act (PMLA) takes precedence over bank recovery laws like SARFAESI and RDB Act. This decision clarifies that banks cannot automatically claim priority over properties attached by the Enforcement Directorate as proceeds of crime, reinforcing the state's authority to confiscate illicit assets.

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Meta's India arm renews Mumbai BKC office lease in over ₹200 crore rental deal

Facebook India Online Services, a Meta Platforms Inc. subsidiary, has renewed its office lease at Mumbai's One BKC. The company will pay over Rs 200 crore in rent for the next five years. This renewal highlights the continued demand for prime office spaces in Bandra-Kurla Complex. Established companies are choosing to keep their premium locations.

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Noida airport to spur real estate growth across NCR, boost demand along Yamuna Expressway

Prime Minister Narendra Modi inaugurated phase-I of the Noida International Airport at Jewar, a ₹11,200 crore project poised to reshape NCR's real estate. This development is expected to significantly boost connectivity across western Uttar Pradesh and NCR, driving demand across residential, commercial, and logistics segments, and attracting institutional investment.

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Residential encroachments of upto 500 sq ft to be regularised for free in Maharashtra except Mumbai

The Maharashtra government is taking a step towards stability by allowing the regularisation of residential encroachments up to 500 square feet, provided they existed before January 1, 2011. It's essential to note that Mumbai city, along with its suburbs, is excluded from this policy.

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UP-RERA amends regulations, allows complaints in unregistered projects; caps transfer charges

UP-RERA has introduced significant changes to its regulations effective March 25, 2026. Homebuyers in unregistered projects can now approach UP-RERA for grievance redressal. The authority will determine if registration was mandatory and take necessary action. Additionally, caps have been placed on administrative charges for property transfers. These amendments aim to enhance transparency and efficiency for consumers.

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Delhi Police EOW books entities of Gurugram-based Experion Developers for fraud

Delhi Police's Economic Offences Wing has filed an FIR against Experion Developers and Experion Capital for fraud, stemming from an ED investigation into Religare Finvest. The probe revealed the Singh brothers allegedly siphoned Rs 2,036 crore from RFL, with Rs 150 crore used to buy land in Gurugram.

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