HC extends interim direction restraining allotments in Oberoi Realty's project in Gurugram till September 25

The Punjab and Haryana High Court has decided to prolong its interim order, which halts any new allotments, particularly impacting the Oberoi 360 North luxury housing project in Gurugram. The decision followed a petition from Advance India Projects Ltd challenging the director of DTCP's directive from August 17, claiming non-alignment with prior decisions. Further proceedings are set to take place on September 25.

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Uttar Pradesh eases land-use rules, cuts conversion fees to speed up clearances

Development authorities are now authorized to modify land usage for plots up to 6,000 sqm, streamlining a process that formerly required tedious state-level approvals. This significant change not only halves the land-use conversion fees but also accelerates the approval of maps and layout plans by the GDA. As a result, construction timelines are reduced, effectively easing the financial pressures on both buyers and developers.

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SC directs ED, Delhi Police to submit details of cases against Unitech directors

The Supreme Court has mandated that trials for Unitech directors proceed without delay, urging investigative bodies to present case particulars swiftly. Agencies are diligently tracing homebuyers' funds to ascertain their status. A dedicated court has been established to address these issues specifically, ensuring that homebuyers are not further inconvenienced and can eventually access their dream homes.

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Lucknow development body to take over stalled Ansal township

The Uttar Pradesh cabinet has greenlit the transfer of a delayed project by Ansal Properties to the Lucknow Development Authority. This strategic decision is designed to assist nearly five thousand distressed homebuyers by providing them with much-needed plots or homes. To facilitate the project's completion, the authority will ensure that all outstanding infrastructure tasks within the township are addressed.

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Embassy Developments to invest ₹2,000 crore in 85-acre Bengaluru housing project

Embassy Developments has launched Embassy Origins, an 85-acre residential development in North Bengaluru. The first phase includes Embassy Riverine and Embassy South Reserve, with a combined GDV of about ₹4,500 crore.

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Sonu Nigam sells pre-leased retail property in Mumbai's BKC for ₹18 crore

The 3,082 sq ft retail unit at Trade Centre, Bandra Kurla Complex, has been sold to SAA Estate LLP. The property is leased to Down Town 29 at a monthly rent of ₹20 lakh, translating to ₹2.4 crore in annualised rental income.

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Noida authority orders structural audit of Great Value Sharnam

In response to continuous complaints, the Noida Authority has directed a structural audit for the Great Value Sharnam project. Residents have noted peeling plaster and exposed reinforcement bars across various towers and in the basement area. Upon inspection, evidence of water leakage and seepage on columns and beams was discovered. The developer is obliged to inspect and repair any structural issues immediately.

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