Lodha Developers’ net profit more than doubles to ₹1,373.10 crore in Q1 FY27

Lodha Developers consolidated total income increased 40.6 per cent to ₹5,096.70 crore during the quarter. Pre-sales stood at ₹4,629 crore, while collections rose 46 per cent year-on-year to ₹4,205 crore.

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Bengaluru development body imposes curbs on revised building plans after OCs

Bangalore Development Authority has restricted approving revised building plans after occupancy certificates are issued. A new circular mandates owner consent for modifications where third-party rights exist. This order follows a legal challenge by residents of HM Tambourine apartment complex. The residents contested a modified sanction plan approved without their consent. This move aims to protect apartment owners' rights and development potential.

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NCLT approves Aspect JV's resolution plan for Radius & Deserve Land Developers

The NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate insolvency resolution process initiated in May 2023. Bharadvaja Buildcon LLP will now take over the bankrupt real estate firm. The secured creditor will receive constructed free-sale area in a slum rehabilitation project. Construction is expected to commence within twenty-five months of plan approval.

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Gulshan Group to invest ₹1,000 crore in Wave City housing project

Gulshan Group has launched Gulshan Empire, a premium residential project at Wave City, with an estimated investment of ₹1,000 crore. The 5.5-acre project is expected to generate sales realisation of over ₹1,200 crore.

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Gurugram: Orris Infrastructure, its directors booked for cheating in land agreement

Gurugram police filed a cheating case against Orris Infrastructure and its directors. Complainants allege fraud in a land agreement involving agricultural property near Manesar. The builder allegedly transferred allotted plots to third parties despite prior agreements. Legal heirs discovered plot transfers and construction on their land this year. Investigation is underway to verify facts and take legal action.

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Actor John Abraham buys century-old Bandra bungalow for ₹84 crore

Actor John Abraham recently bought a historic bungalow in Bandra West for eighty-four crore rupees. This property, built in nineteen twenty-six, was owned by the DeVitre family. Abraham also purchased a Linking Road bungalow in Khar for seventy-five crore rupees last December. Many Bollywood personalities invest heavily in Mumbai real estate for personal and investment reasons. Celebrities often prefer properties in the Bandra to Andheri suburbs.

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Redevelopment agreement not a property receipt, so not taxable: ITAT

Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer's appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property possession or receipt. This decision clarifies tax treatment for ongoing redevelopment projects in Mumbai.

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