Ghaziabad development body set to clear stalled Ansal township map

Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their flats.

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Delhi master plan 2047 unveiled; envisages 40 lakh affordable homes

The Delhi Master Plan 2047 envisages development of around 40 lakh new affordable housing units, redevelopment of existing residential areas and planned urban expansion through land pooling. The plan also proposes transit-oriented development, higher FAR incentives, regularisation of unauthorised colonies and conservation of heritage assets.

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ED attaches properties worth ₹71.60-crore in 32nd Avenue Group money laundering case

ED said its investigation has revealed an "organised and systematic modus operandi" in which investors were induced to purchase commercial units in lieu of assured long-term leases, fixed rental income, buy-back arrangements and periodic increase of returns.

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Builders line up to buy bankrupt developers as land prices rise

Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.

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DTCP rejects AIPL plea against Oberoi Realty’s Gurugram project

The Haryana DTCP has held that Licence No. 69 of 2025 and the June 17, 2025 approval for change of developer in favour of Oberoi Realty are legally intact. Oberoi Realty said the restriction imposed by the Punjab & Haryana High Court on fresh allotments and creation of third-party rights has ceased to be operative.

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NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects

The Supreme Court is set to review the National Buildings Construction Corporation's (NBCC) request concerning RERA compliance for Supertech's housing projects. NBCC is seeking exemptions from mandatory regulations to renovate stalled developments. This appeal comes after the National Company Law Appellate Tribunal denied similar requests. Previously, the apex court instructed NBCC to accelerate the project completions, with construction for sixteen Supertech projects slated to commence shortly.

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ED asks homebuyers to report builders refusing RERA details, cash deals

The Enforcement Directorate has urged homebuyers to report any fraudulent builders to the relevant authorities. It's crucial for buyers to always confirm RERA registration and examine property title documents thoroughly before proceeding with transactions. Relying on mere verbal promises from brokers regarding property purchases can lead to complications. Recently, the agency provisionally attached assets valued at Rs 129.

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