'Miracle' that four lakh still live in dangerous buildings: Bombay HC panel flags crisis

A Bombay High Court-appointed committee has warned that lakhs of Mumbai residents live in structurally unsafe cessed buildings due to redevelopment delays and a severe shortage of transit housing. The panel's report highlights prolonged legal disputes and stalled proposals, with many buildings on the verge of collapse, posing a significant risk to tenants.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/OkGvLI8
via IFTTT

CBI files chargesheet against AVJ Developers (India), bank officials in homebuyers' cheating case

The Central Bureau of Investigation has submitted a detailed chargesheet against AVJ Developers and several of their affiliates, bringing to light the involvement of bank officials and unscrupulous homebuyers. The case centers on extensive fraud perpetrated against both home purchasers and financial institutions, with builders reportedly using misleading promises and trickery.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/5WfMkC6
via IFTTT

Mindspace REIT raises ₹500 crore via 10-year NCDs at 7.63% coupon

Mindspace REIT has raised ₹500 crore through a 10-year non-convertible debenture issuance, fully subscribed by a domestic insurer. The proceeds will be used to refinance existing debt. The move is aimed at extending debt maturity and locking in fixed interest costs.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/rIjUtTm
via IFTTT

ITAT allows capital gains tax exemption against property bought from in-laws

The Mumbai ITAT ruled that purchasing property from relatives is not a sham transaction solely for tax benefits. The tribunal allowed a Rs 41.5 crore exemption under Section 54F, stating that genuine intra-family deals, backed by documentation, cannot be disregarded based on suspicion of tax avoidance.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/UB1VWZv
via IFTTT

Uttar Pradesh RERA registers 106 projects in January-April 2026

Uttar Pradesh’s real estate sector has maintained growth momentum in 2026, with higher project registrations, investments and proposed units compared to the same period last year, according to UP-RERA data, following a steady rise across key indicators in 2023–2025.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/kNW9Uut
via IFTTT

ACB probes 2,600 illegal colonies in Haryana

Haryana's Vigilance Bureau is nearing the end of a major probe into approximately 2,600 illegal colonies. Officials from urban local bodies, town planning, and revenue departments face potential action for alleged collusion with developers. The investigation, mandated by the Punjab and Haryana High Court, aims to identify complicit government employees and could lead to large-scale demolitions.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/PFni0xV
via IFTTT

Godrej Properties' net profit rises 32.49% in FY26

Godrej Properties announced a significant 32.49 percent jump in its net profit for the financial year 2025-26. The company's profit after tax reached ₹1,840.66 crore. Total income also saw a healthy increase of 20.72 percent. Strong business development additions and record operating cash flow are highlighted. The company plans further growth in the upcoming fiscal year.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/jhs9zxF
via IFTTT