SC to hear Amrapali Group case in July

Senior advocate Gopal Sankaranarayanan, also appearing for some home buyers, said there was need for appointing an amicus curiae in the matter for effective assistance to the court.

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Uttar Pradesh RERA removes 12 employees over integrity issues

Sanjay Bhoosreddy, chairman, UP-RERA said, "An affidavit of integrity is also taken from every officer and employee in RERA. CCTV cameras have been installed in all the rooms in RERA office."

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Strategic buyers and investors scouting for insolvency-affected cement assets

Investors and strategic buyers are also closely observing the ongoing insolvency cases against companies, including Jammu & Kashmir Cements, Kirtiman Cements & Packaging and Gujarat-based Dhara Cements.

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SC orders CBI probe into Supertech projects in NCR

The apex court previously said thousands of homebuyers were affected by the subvention scheme, where banks paid 60 to 70 per cent of the home loan amount to the builders without projects being completed within the stipulated time.

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Bombay HC strikes down GST demand on TDR used by real estate developer

Senior counsel Akshay Naik, assisted by Abhishek Bhoot, argued that the project did not involve any transfer or purchase of development rights or floor space index (FSI) from external sources.

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Tesla leases office space in Mumbai’s Kurla

The US-based EV major has leased a 30-seater office in a co-working hub located in Phoenix Market City with a monthly rental of Rs 3 lakh, marking a key step in setting up its local operational infrastructure.

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Maharashtra appoints 12 officers to speed up Rs 912 crore MahaRERA recovery for buyers

The appointments, made under district collectors in six key districts, are intended to accelerate the compensation process under provisions of the Maharashtra Land Revenue Code, 1966.

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Maharashtra CM inaugurates online TDR exchange in Mumbai

The ‘e-TDR System' will ensure effective implementation of the Development Plan and provide clear information to landowners regarding the purchase of Transferable Development Rights (TDR).

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In Greater Noida, pay stamp duty at time of booking flats now

Stamp duty on a property is usually around 6% to 7% of the total cost of a flat. While homebuyers, so far, paid stamp duty once their property was handed over by builders, they will now need to pay the money right at the time of booking.

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Maharashtra RERA plans thorough verification of OCs for lapsed projects

The housing regulator had served notices to the developers of such lapsed projects and has so far received responses from 3,699 project developers stating that the housing project has been completed.

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Mumbai: ITAT declares Rs 2.6 crore flat received for vacating land as non-taxable

The first win came when he secured a valuable flat in Orchid Enclave in south Mumbai, through a settlement with the real estate redeveloper.

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Delhi police to monitor under-construction buildings by deploying drones

A senior police officer said that they use drones from time to time for extra surveillance of sensitive areas, but they will also use drones to check if anyone is constructing their residential or commercial structure beyond the permissable limits.

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Allahabad HC rejects YEIDA's Rs 114 crore transfer fee demand on Gaursons Mega Projects

The judgment, delivered on Friday by a bench of Justices Anjani Kumar Mishra and Kshitij Shailendra, could impact numerous real estate transactions that followed a similar model in the region.

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Apex Group seeks SC nod to revive 16 projects of Supertech

A co-developer can take over a legacy stalled project under the policy formulated by the Amitabh Kant Committee and sanctioned by the Uttar Pradesh government.

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ED conducts searches in four cities in Unnati Fortune Holdings money laundering case

The team carried out searches at both residential and commercial locations belonging to Unnati Fortune Holdings Limited (UFHL), its director Anil Mithas and associated entities.

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ED arrests Unnati Group's promoter in home buyers' fraud case

​Anil Mithas of the Unnati Group was taken into custody on April 16. A special Prevention of Money Laundering Act (PMLA) court in Uttar Pradesh's Ghaziabad sent him to the ED's custody till April 24, the federal probe agency said in a statement.

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Homebuyers have the right to protest peacefully against builders: SC

"A right to protest peacefully without falling foul of the law is a corresponding right, which the consumers ought to possess just as the seller enjoys his right to commercial speech," the bench said.

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DLF to sell its IT SEZ in Kolkata to Srijan Realty for ₹693 crore

The sale comprises of freehold land parcel admeasuring ~25.90 acres along with constructed building-DLF Tech Park with a gross leasable area of 10,54,357 sq ft.

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Noida may see its first circle rate revision in two days

Sources suggested that any reduction in the proposed rates was unlikely. "While most rates are being retained as proposed, the administration may consider a revision in a few villages where objections were supported by local SDMs.

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Golden Growth Fund acquires 7,560 sq ft land in South Delhi

The fund plans to develop four luxury apartments, each with 6,000 sq ft area.

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HDFC Capital creates ₹1,500 crore platform with Eldeco Group

The projects will have total development area of more than 10 million sq ft and combined revenue potential of about ₹11,000 crore.

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Five FIRs filed against Ansal API in land scam case in Lucknow

In these FIRs, the victims alleged a fraud valuing more than Rs 50 lakh in the name of providing them plots, flats and shops. The police said further legal action would be taken based on cross-verification of allegations and evidence against the accused.

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MahaRERA mandates prominent display of registration details in housing advertisements

The circular, issued on April 8, requires all housing advertisements to feature MahaRERA registration number, website address and project-specific QR code in a font size equal to or larger than the project's contact information.

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Smartworks, Table Space to lease over two million sq ft in Delhi & Mumbai

While Table Space is in the final stages to sign around 500,000 sq ft across three centres with DLF and Godrej in Gurgaon and with Bharti at Aerocity, Smartworks is in talks with Tata Realty and Hiranandani in Mumbai.

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hBits gets SEBI's nod to launch its SM REIT

The company plans to launch its maiden SM REIT IPO by June. Over the next few weeks, hBits will also migrate its existing portfolio of commercial properties into the SM REIT structure.

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Godrej Properties' booking value grows 31% to ₹29.444 crore in FY25

This was achieved through the sale of 15,302 homes with a total area of 25.73 million sq ft, a year-on-year volume growth of 29 per cent.

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Uttar Pradesh government forms committee to complete Jaypee projects

This follows the Allahabad high court's March 10 order, upholding the Authority's 2020 decision to cancel the allotment of 1,000 hectares of land along the Yamuna Expressway to JAL over unpaid dues.

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HoABL files police complaint over forgery allegations by Macrotech Developers

The listed company last week accused HoABL of fabricating documents to unlawfully exploit the 'Lodha' brand and registered trademark.

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Adani, Vedanta, Patanjali among 26 in fray to acquire Jaiprakash Associates

Others who showed interest in acquiring Jaiprakash Associates Ltd (JAL), currently under insolvency proceedings initiated to recover defaulted loans, include Ahmedabad-based Torrent Group, Jindal Power, Dalmia Cement, GRM Business, Oberoi Realty and Kotak Alternate Asset Managers Ltd, according to a filing by the company to stock exchanges.

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After 10 year delay, Unitech set to restart work on six projects in Gurugram

The six projects — Alder Grove Villas, Espace Premiere Villas, Exquisite Group Housing, Nirvana Country-2 Plots, The Willows Plots and Nirvana Courtyard-2 (commercial) — were launched in 2009 but came to a halt in 2014 due to regulatory hurdles and severe financial distress.

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Adani Group buys land parcel in South Mumbai's Carmichael Road for Rs 170 crore

The land parcel, which is among the rare large freehold plots available in the highly sought-after neighbourhood, currently houses an old residential cottage spread over 2,760 sq ft. The acquisition has been executed through Adani Group subsidiary, Mah-Hill Properties.

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Subhash Ghai sells two apartments in Mumbai for ₹11.61 crore

Ghai sold both apartments for ₹5.80 crore each, with each flat having a carpet area of 889 sq ft (82.59 sq meters) and a built-up area of 1,067 sq ft (99.14 sq meters).

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ChrysCapital partner, his wife buy Delhi bungalow for Rs 155 crore

The family has paid Rs 9.3 crore in stamp duty and corporation tax for the property, documents accessed through CRE Matrix, a real estate data analytics firm, showed.

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Macrotech Developers alleges use of 'fabricated documents' by HoABL to use Lodha brand

In a statement issued later, HoABL denied the allegations of forgery and fraud, and said it will come back with a detailed response.

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Uttar Pradesh government extends two-year zero-period benefit to 15 builders

The waiver is among the several recommendations proposed by a UP govt panel, led by former NITI Aayog CEO Amitabh Kant, to address stalled real estate projects in Noida.

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ED attaches Rs 395 crore assets of Three C Shelters, promoters in Gurugram

Additionally, equity shares worth Rs 108 crore in G4S Secure Solutions (India) Pvt Ltd — linked to another promoter Vidur Bharadwaj — have also been attached by ED's zonal office.

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Mumbai-based Runwal Enterprises files DRHP for ₹1,000 crore IPO

Runwal Enterprises may consider a pre-IPO placement of specified securities, aggregating to ₹200 crore as pre-IPO placement shall not exceed 20% of the size of the fresh issue. If such placement is completed, the fresh issue size will be reduced.

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