Noida: Logix, 3C & ATS submit revised layouts for Sports City

The Noida Authority is reigniting interest in the long-awaited Sports City projects as developers submit new layout plans. Major players like Logix Infra Developers, 3C Green Construction, and ATS Homes are involved. The Authority is now collecting public feedback for the next 15 days. A recent Supreme Court ruling opens doors for about 20,000 homebuyers. Developers promise to finalize sporting facilities in three years and residences within five.

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Mumbai EOW probes Suraksha Realty promoter’s fraud allegations over Jaiprakash Infratech deal

Mumbai Police’s Economic Offences Wing is probing allegations by Suraksha Realty director Vijaykumar Mohanlal Parekh against fellow promoter Sudhir Walia over alleged cheating, forgery and criminal conspiracy in the acquisition of Jaiprakash Infratech. Parekh alleged his group’s consent was bypassed and his brother’s digital signature was used without authorisation.

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CBI files fresh chargesheet against builder-promoters in homebuyer fraud case

The Central Bureau of Investigation (CBI) has lodged a fresh chargesheet against the leaders and executives of Acme Realties, focusing on a fraudulent scheme aimed at homebuyers tied to the Acme Boulevard project in Mumbai. Findings suggest that the suspects potentially deceived homebuyers with misleading promises while unjustly benefiting financially.

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NBCC to resume work on 16 stalled Supertech projects in January 2027

After facing numerous delays, work on 16 Supertech projects is anticipated to recommence on January 16, 2027, bringing hope to about 14,000 homebuyers awaiting their homes. NBCC plans to issue construction tenders across multiple sites in the NCR region. Though financing issues remain a challenge, the stock of unsold flats could help ease the situation.

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Sebi bans Omaxe, five others for violating minimum public shareholding norms

The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five individuals for shareholding manipulation practices. Omaxe faces a three-month ban from the securities market, while the affiliated promoter group companies are prohibited from market access for one year. Additionally, Sebi has imposed a hefty fine of Rs 1.92 crore, underlining significant violations of public shareholding norms scrutinized by the regulator.

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Godrej Properties to develop Marine Lines project; MICL to recover ₹300 crore investment

Godrej Properties has entered into a development agreement for a 2.5-acre luxury housing project in Marine Lines, Mumbai, with estimated revenue potential of about ₹6,000 crore. Development rights jointly held by Man Infraconstruction and Shreepati Group have been transferred to Godrej, while MICL will recover over ₹300 crore of its investment and retain a revenue-sharing interest.

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Signature Global buys 25 acres for ₹150 crore, ties up 169.22 acres in Gurugram

Signature Global has acquired 25 acres in Farrukhnagar, Gurugram, for ₹150 crore and entered into collaboration agreements for another 169.22 acres. The combined 194.22-acre development has an estimated potential of 6.77 million sq ft and GDV of ₹5,500-6,000 crore.

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