India office net absorption falls 18% to 14.1 million sq ft in Q3 2026: Report

In the third quarter of 2026, net office absorption across India's eight key cities dropped to 14.1 million sq ft, with Hyderabad and Bengaluru leading the way in significant uptake. The gross leasing volume peaked at around 22 million sq ft, marking the highest for 2026 to date. Global capability centres notably influenced leasing trends, predominantly within the IT and BFSI sectors. The national vacancy rate registered at 14.

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About 25,000 property registrations at Gurugram tehsil office have one fictitious PAN

An income-tax investigation in Badshapur tehsil has exposed major fraudulent activity involving a sham PAN used for property registrations. In just two years, approximately 25,000 properties have been connected to this bogus PAN, leading to the discovery of over 35,000 transactions that were misreported or not reported at all, totaling an estimated Rs 55,000 crore in value.

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Noida Sports City: Revised master plan approved, four projects get conditional OCs

The Noida Authority has green-lighted an updated master plan for the Sports City initiative in Sector 150, following board meetings on January 3 and April 6. A public notice prompted community feedback. The plan dedicates 70% for sports and recreation, while 29.5% addresses residential needs. Additionally, four projects have secured conditional occupancy certificates after clearing dues, with the Supreme Court reviewing compliance and safeguarding homebuyers' rights.

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NCLAT seeks separate timeline commitments for completion of 16 stalled Supertech projects by November 6

NCLAT has ordered the Supreme Court committee to provide completion timelines for 16 Supertech housing projects. The new timelines for construction completion range between 12 to 36 months. The committee must submit a report with tentative completion dates by the next hearing on November 6. Supertech, currently under corporate insolvency resolution, is working with NBCC and facing funding challenges.

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Blackstone’s Siddharth Nawal set to take over as CEO of Nexus Select Trust

Siddharth Nawal will soon replace Dalip Sehgal as CEO of Nexus Select Trust in India. Nawal has worked with Blackstone in retail real estate for about ten years. Nexus Select Trust plans to expand its portfolio by acquiring more retail assets in India. The trust aims to grow its shopping center count from 19 to 30-35 malls by 2030.

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Haryana RERA rejects Tata Primanti buyers’ claims after conveyance deed execution in Gurugram

In a recent ruling, the Haryana Real Estate Regulatory Authority rejected a complaint against Tata Housing linked to its Sector 72 project. The buyers had executed the conveyance deed without any objections or reservations. The authority noted a lack of coercion or unfair practice in this case, highlighting that the occupation certificate was obtained before the buyers' allotment, which impacts the validity of post-deed claims.

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Embassy REIT to acquire 8,048 sq ft office space in Mumbai’s BKC for ₹48.29 crore

Embassy Office Parks REIT will acquire a commercial unit in First International Financial Centre, Bandra Kurla Complex, from Citigroup Global Markets India for ₹48.29 crore. The acquisition, comprising 8,048 sq ft of saleable area, is expected to be completed by Q3 FY27.

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