Casagrand Premier Builder's ₹1,220-crore IPO get Sebi's green light

Casagrand Premier Builder has received approval from Sebi to launch its initial public offering. The company plans to raise Rs 1,220 crore through this IPO. Funds will be used for debt repayment and general corporate purposes. The real estate firm is a prominent developer in Chennai and other cities. The shares will be listed on BSE and NSE.

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About 5.40 lakh homes scheduled for delivery in 2026 across top seven cities: Anarock

MMR, Pune and Bengaluru together account for about 70% of the homes scheduled for completion in 2026. Anarock said a prolonged Middle East conflict could add pressure on delivery timelines through higher logistics costs and construction material inflation.

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Reliance Industries-led consortium wins bid for 101-acre Mumbai slum redevelopment project

A Reliance-led consortium has secured the bid for the massive Juhu Galli slum redevelopment in Mumbai. This project will build over 28,000 homes for residents. The Maharashtra government's cluster redevelopment policy guides this initiative. The developer must provide significant financial support for resident transit accommodation. This marks a major step in large-scale slum redevelopment in the city.

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NCLT admits insolvency plea by 176 Raheja Developers’ Revanta buyers over delayed handover

The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Raheja Developers' Revanta project in Gurugram. 176 homebuyers, who collectively paid over Rs 137 crore, filed the petition citing significant delays in possession beyond promised timelines. The tribunal found a prima facie case of default, noting unhonored commitments and non-compliance with regulatory directions.

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Flat buyers entitled to interest under RERA for each month’s delay: Bombay HC

Bombay High Court ruled that homebuyers have an unqualified right to receive monthly interest for delayed possession under Rera. Justice Madhav Jamdar emphasized the law's intent to protect buyers from developer delays, stating they are unconditionally entitled to interest until possession is granted. The court cited buyers' vulnerable position as financiers of projects.

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ED attaches Rs 100 cr worth properties in Jaypee, claims Gaur laundered them

In a significant crackdown on financial misconduct, the Enforcement Directorate has seized assets worth Rs 100 crore from two real estate firms, including Jaypee Infratech Ltd (JIL). Authorities accuse JIL and its leadership of misappropriating homebuyers' investments. Investigations have unveiled a staggering Rs 33,000 crore was diverted from the Jaypee Wish Town projects for purposes unrelated to construction.

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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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