Uttar Pradesh government to simplify laws governing RERA

Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to simplify legal provisions for corporate restructuring, LLPs, and RERA real estate transactions to align with economic needs. He emphasized making the Stamp and Registration Department transparent, technology-driven, and citizen-centric, akin to passport service centers, to enhance ease of doing business and investor confidence.

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CBI files charge sheet against Ninex Developers, its director

The CBI has filed a charge sheet against Ninex Developers Ltd and its director for alleged fraudulent activities in a Gurugram housing project. This marks the CBI's 11th report in builder-banker nexus cases, where thousands of homebuyers were reportedly cheated through deceptive promises and misleading representations.

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Incuspaze acquires iKeva

Managed workspace provider Incuspaze has acquired iKeva in a 100% buyout, adding approximately ₹100 crore to its revenue. This strategic move expands Incuspaze's portfolio by five lakh sq ft across Hyderabad and Bengaluru, with plans for further growth and a potential IPO within three years.

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Noida: Highrise fires reveal grey areas in society safety after handover is done

A recent fire in Noida's Ivy County high-rise has highlighted critical gaps in fire safety systems for tall residential buildings. Residents and experts are calling for stricter enforcement of fire norms, regular audits, and investment in modern rescue technology, as current firefighting equipment struggles to reach upper floors.

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Truhome Finance, Veegaland Developers get Sebi nod for IPO

Truhome Finance's proposed IPO comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer-for-sale (OFS) aggregating to Rs 1,500 crore by promoter Mango Crest Investment. Veegaland Developers, a part of the V-Guard Group, plans to raise Rs 250 crore through an entirely fresh issue of shares. There is no OFS component in the proposed issue.

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Were officials who cleared illegal buildings ever held accountable, asks Telangana HC

The Telangana High Court questioned officials regarding approvals for illegal constructions on government land. Residents of Patelguda village had their homes demolished by HYDRAA. A later survey confirmed the lands were private patta lands. Despite this, municipal authorities are refusing building permissions. The court has directed respondents to file counters and will hear the matter again.

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UP-RERA says over 1.15 lakh units available across Uttar Pradesh

UP-RERA has advised homebuyers and investors to make property purchase decisions after verifying project details and assessing their financial capacity. The authority said more than 1.15 lakh residential and commercial units are currently available across Uttar Pradesh, and buyers should not act under pressure created by claims of stock shortage or imminent price hikes.

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