Portal to offer digitally signed realistic property valuation report soon in Maharashtra

Maharashtra residents will soon access digitally signed online property valuation reports via a new portal linked to the IGR website. This initiative, based on prevailing Annual Statement of Rates (ASR), aims to provide indicative market values, enabling buyers and sellers to understand property costs and registration fees in advance, promoting transparency and convenience in property transactions.

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Homebuyers 'fraud' case: ED seizes over ₹6 crore cash during raids against Earth Infrastructures

The Enforcement Directorate seized Rs 6.3 crore in cash and Rs 7.5 crore worth of jewellery from a Delhi-based real estate company, Earth Infrastructures Ltd., accused of defrauding homebuyers. The action follows multiple FIRs and a complaint from the SFIO, with funds allegedly diverted for land acquisition and routed to shell companies.

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Create robust system for affordable rental housing in Mumbai: Maharashtra CM directs authorities

Maharashtra's Chief Minister Devendra Fadnavis has unveiled an innovative plan aimed at easing the rental market in Mumbai by introducing a system for affordable housing. A specialized digital platform will create seamless access for residents, aligning available properties with their needs. The initiative ensures that all processes are guided by strict agreements and oversight.

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AstraZeneca India plans to sell 64-acre Bengaluru site for ₹3,400 crore

AstraZeneca's Indian unit is planning to sell its 64-acre manufacturing facility in North Bengaluru for an estimated ₹3,400 crore. The move is part of a global review of its manufacturing network and a broader land monetization strategy. Developers like Sattva Group, Aurobindo Pharma, and RMZ have shown interest in the prime land parcel.

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TCS picks up 20-acre land in Kolkata's New Town through 99-year lease

Tata Consultancy Services (TCS) has secured a 20-acre land parcel in Kolkata's Bengal Silicon Valley Tech Hub for over 99 years through a lease valued at Rs 94 crore. This acquisition by the IT giant underscores its commitment to expanding its presence in eastern India and strengthening its delivery capabilities in the region.

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OC scam in Gurugram: Declared ready, but buildings still lack lifts, parking

Ground visits in Gurugram's licensed colonies reveal a significant scam where occupation certificates (OCs) were issued for incomplete buildings. Structures lacking basic safety features and plaster were declared ready under a self-certification system, raising concerns about collusion and negligence. Investigations are underway, with 1,500 OCs issued between July 2025 and March 2026 now under scrutiny.

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IBBI panel suggests project-wise insolvency resolution for real estate sector

A panel suggests bankruptcy proceedings should focus only on stressed real estate projects, not the entire company. This aims to protect homebuyers in solvent projects and speed up resolutions. The Insolvency and Bankruptcy Board of India panel also recommended raising the minimum default threshold to Rs 5 crore. These changes could impact developers like Jaypee and Unitech facing insolvency.

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