Delhi court takes cognisance of cheating case against M3M India, summons promoters

A Delhi court has officially recognized the chargesheet against M3M India Pvt Ltd and its promoters, linked to allegations of land fraud with MGF Developments Ltd. This intricate case involves a disputed land exchange in Gurugram, highlighting competing ownership claims in Chauma village.

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SC seeks reply of Maharashtra govt, civic body on plea against HC order on slum rehabilitation

The Supreme Court is scrutinizing a Bombay High Court ruling that green-lights slum rehabilitation on land designated for parks and recreational areas. Critics contend that this encroachment jeopardizes Mumbai's precious open spaces. The High Court previously endorsed a regulation allowing such projects, provided a portion of the land is reinstated for public access.

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SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court has affirmed the initiation of insolvency proceedings against Bhasin Infotech and Grand Venezia. This ruling stands as a firm defense of the rights of both homebuyers and commercial investors, highlighting the developers' failure to deliver promised functional units and their misleading communications.

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Haryana affordable housing scheme stalled in NCR cities amid rising land, construction costs

Affordable housing initiatives in Gurugram and Faridabad are currently at a standstill. The surging costs associated with land and construction have made existing price structures impractical for developers to comply with. Meanwhile, residents eagerly anticipate new housing alternatives.

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Budget 2026: REIT push, land acquisition relief and city-led growth boost real estate sector

The Union Budget 2026-27 introduces key initiatives for real estate and construction. It plans to monetize central public sector enterprise assets through REITs. A scheme will enhance construction equipment manufacturing. Tax exemptions are provided for compulsory land acquisition. Urban development in Tier II and Tier III cities receives a significant boost.

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Budget 2026: Government to accelerate recycling of CPSE real estate assets through REITs

The Indian government will boost efforts to monetize real estate owned by public sector companies. This will be done using dedicated Real Estate Investment Trusts. This move aims to unlock value from public assets and generate revenue. It will also help channel institutional capital into infrastructure.

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If firm profits more from its scale, it has to bear more responsibility for environmental costs: SC

The Supreme Court has underscored the importance of environmental stewardship, imposing a hefty Rs 5 crore fine on a construction firm for breaching eco-friendly regulations. The court highlighted that larger corporations, which disproportionately benefit from their extensive operations, bear a heightened duty to mitigate their environmental impact.

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