LIC to explore option of separate real estate subsidiary

LIC is actively reviewing its vast real estate portfolio, estimated at over Rs 60,000 crore, to improve returns for policyholders and shareholders. The insurer is exploring options like a separate subsidiary for greater efficiency in managing these assets. Additionally, LIC is prepared for further stake dilution by the government, awaiting the right market conditions for subsequent public offerings.

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SC seeks responses of Centre, ED, RBI on plea alleging siphoning of homebuyers' funds

The Supreme Court has issued notices to the Centre, ED, RBI, and several real estate firms regarding allegations of siphoning off thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. The plea highlights a systemic issue of developers diverting funds, leading to project insolvency and buyers being left stranded.

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Pune police register FIR against Runwal Group's MD

Pune Police have registered a case against Runwal Group MD Subodh Runwal and six others following a court order concerning a land dispute in Viman Nagar. The FIR alleges forged documents and illegal transfer of rights over a 3.93-hectare land parcel, stemming from a joint venture agreement.

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Small residential buildings in Delhi seeking regularisation will no longer need physical inspection

The Municipal Corporation of Delhi has eased building regularisation for residential properties up to 105 square metres. Owners now submit an architect-certified undertaking online instead of requiring a physical inspection. This aims to streamline approvals, cut delays, and boost civic revenue, making services more accessible for citizens.

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Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAI

Construction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices are impacting builders. Executives note challenges in material availability, stressing project timelines. The organized sector is better equipped to handle these pressures. Developers are seeking RERA timeline relief. Technology adoption is being explored to mitigate labor shortages.

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Spouse’s name on property papers not enough to tax sale proceeds: ITAT

The Income Tax Appellate Tribunal ruled that adding a spouse's name to property for convenience doesn't automatically make them liable for entire sale proceeds. The tribunal directed tax officers to verify if the husband was the sole funder and owner, and if capital gains were already taxed in his return, offering relief to a Mumbai taxpayer.

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Five listed REITs distribute ₹2,566 crore to unitholders in Q4 FY26

India’s five listed REITs distributed over ₹2,566 crore to more than 4.25 lakh unitholders in Q4 FY26. For FY26, cumulative distributions stood at over ₹8,900 crore, while the sector’s gross asset value crossed ₹2.72 lakh crore.

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