NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement

The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against realty firm Mahagun. This decision follows a settlement reached between Mahagun (India) and its financial creditor, IDBI Trusteeship, on February 12, 2026.

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Circle rates in Delhi to be revised to align with property market trends

The Rekha Gupta government is undertaking a comprehensive revision of property circle rates, the first in years, to align them with market trends. While premium areas see modest hikes, sharper increases are proposed in mid- and lower-segment zones where market values significantly exceed current rates. This recalibration aims to rationalize valuations and boost revenue collection.

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Real estate tribunal stays MahaRERA chairperson’s order

The Maharashtra Real Estate Appellate Tribunal has put a hold on a MahaRERA chairperson's order concerning a flat buyer's complaint. The tribunal also called for an investigation into the issuance of two different versions of the same order. This action follows an appeal against the chairperson's decision to set aside previous orders.

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Delhi RERA directs NBCC not to take coercive action against Rajeshwari Realty

The order was passed by a bench comprising Chairperson Anand Kumar and Member Devesh Singh. During the hearing, counsel for both sides informed the Authority that NBCC has already filed an appeal with REAT, but no stay has been granted to date. The appeal is listed for hearing on March 9, 2026.

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Maharashtra forms panel to examine TDR relief for properties facing redevelopment hurdles

Maharashtra government has formed a 12-member committee to re-survey river flood lines across the state, including Pune and Pimpri Chinchwad. The panel will review existing norms and suggest amendments to the UDCPR for TDR utilization on properties built before the 2009 flood line demarcation. This move aims to resolve redevelopment hurdles for numerous properties.

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Construction debris from 2,000 redevelopment projects in Mumbai ‘go missing’

A civic investigation revealed that construction debris from nearly 2,000 Mumbai redevelopment projects never reached designated disposal sites. Environmentalists suspect the waste was sold to the land mafia for encroaching on mangrove and wetland areas. The Brihanmumbai Municipal Corporation has now halted further construction permissions until developers contract with official recycling plants.

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Every land parcel in Delhi to geta 14-digit Aadhaar number

Delhi has launched Bhu Aadhaar, assigning a 14-digit Unique Land Parcel Identification Number (ULPIN) to every land parcel to modernize records and enhance accountability. This initiative aims to combat corruption and land disputes by creating a digital 'Aadhaar' for property ownership, ensuring greater transparency and streamlining transactions.

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