SC orders CBI inquiry into DLF's housing project in Gurugram

The Supreme Court has directed the CBI to conduct an inquiry into issues related to the ‘The Primus’ housing project in New Gurgaon, with findings to be submitted by April 25, 2026.

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Embassy REIT acquires 0.3 million sq ft office space in Bengaluru for ₹852 crore

Embassy Office Parks REIT has bought a Bengaluru office property for ₹852 crore. The deal involved acquiring Eleanor Realty Holdings India, which owns the Pinehurst building. This grade-A office space is fully leased to a global investment firm. The transaction was completed at a discount to independent valuations. PwC and Trilegal provided advisory services for the deal.

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Godrej Properties acquires 11 acre land in Gurugram; wins bid for five-acre land in Kolkata

Godrej Properties has secured land in Gurugram and Kolkata for new residential projects. The Gurugram acquisition spans 11.36 acres and is projected to generate over ₹4,500 crore in revenue. In Kolkata, a five-acre parcel off EM Bypass is set for premium residential development with an estimated revenue potential of ₹1,650 crore.

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Land to be acquired for 24-metre roads in private colonies, developers to pay cost in Gurugram

Haryana government will acquire land for 24-metre roads in city colonies. Builders will bear the acquisition and development costs. This move aims to resolve long-standing issues of narrow access roads. The plan is set for implementation in 2026-27. Residents welcome the intervention, anticipating improved connectivity and structured development.

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Mumbai: BMC House seeks property tax relief for 700 sq ft homes

Mumbai's civic body has passed a motion to raise the property tax exemption for residential units from 500 to 700 sqft. This move aims to ease the financial burden on middle-class families, particularly those in redeveloped slum properties. While the proposal requires administrative approval, it reflects a key election promise to retain original Mumbaikars in the city.

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Vipul's CEO arrested for duping lawyers of ₹6 crore in Gurugram

Gurugram police have arrested Puneet Beriwala, CEO of Vipul Limited, for allegedly duping lawyers of Rs 6 crore. Beriwala promised high returns on an investment in a real estate project but failed to deliver. He has been sent to two-day police custody for further investigation.

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State Bank of India picks up 1.35 lakh sq ft office space in Navi Mumbai

The agreed rental stands at Rs 125.05 per sq ft per month, translating into a monthly outgo of over Rs 1.68 crore. The rent is inclusive of fit-outs, indicating that the space will be delivered in a ready-to-use format, reducing upfront capital expenditure and speeding up operational readiness.

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