Suraksha Group to invest ₹3,000 crore to complete pending Jaypee towers by September 2028

Suraksha Group, which acquired Jaypee Infratech, has invested about ₹1,500-2,000 crore so far in construction and expects to invest another ₹3,000 crore to complete the remaining towers by September 2028. The company has also outlined plans for three integrated townships across about 465 acres.

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Haryana RERA orders Chintels India to reinstate cancelled plot

The Haryana Rera has ordered Chintels India to restore a previously cancelled plot after dismissing the developer's claim of force majeure concerning land attachment. Buyers expressed a preference to proceed with the project instead of accepting a refund. Rera decided that allottees could either choose to exit the agreement or continue, including the option for delay interest.

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Booking Holdings leases 1.11 lakh sq ft office space in Bengaluru

Booking Holdings has leased over 111,525 square feet of office space in Bengaluru. This expansion increases their total office footprint in the commercial tower to 2.65 lakh square feet. The company secured this new space through a five-year lease agreement with RMZ Hotels. This transaction highlights continued demand for large office spaces from global companies. Bengaluru remains a key market for multinational corporations expanding their operations.

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Redevelopment gains can’t be taxed in hands of CHS, rules Mumbai ITAT

The Mumbai ITAT has annulled a contentious Rs 18.4 crore tax addition for a housing society, stating the society served merely as a representative for its flat owners. The tribunal observed that the transactions reported under the society's PAN weren't its own revenues, given that no sale proceeds appeared in its bank account. This decision will benefit housing societies engaged in redevelopment projects.

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CBI conducts searches at 12 locations in builder banking nexus case; five new FIRs filed

The CBI carried out searches at twelve sites across three cities, resulting in the registration of five fresh fraud cases against real estate developers. This initiative aligns with Supreme Court directives aimed at addressing the concerns of homebuyers. During these searches, the agency seized crucial incriminating documents and digital devices, escalating the total number of cases against builders to fifty-five.

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Relief for 1,600 buyers as SC clears path for stalled Sushant Aquapolis project resolution plan

The Supreme Court has given the green light for the Sushant Aquapolis project to move forward. One City Infrastructure Pvt Ltd is now allowed to proceed with development without needing to assert land ownership. Following this court intervention, the Ghaziabad Development Authority has also approved the updated building plan.

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Delhi HC refuses to quash criminal case against Supertech executives

The existence of a criminal conspiracy is ordinarily a matter which is required to be inferred from the conduct of the parties and the circumstances brought on record, the HC said. Direct evidence of an agreement is seldom available, it said, adding that whether the material ultimately establishes a meeting of minds between the accused persons is a matter to be examined upon appreciation of the evidence and cannot ordinarily be conclusively determined in proceedings in the high court.

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