Complainant cannot move RERA, consumer court at same time: WBREAT

​"Since the cause of action in the proceedings before a Consumer Commission is identical with that of the Regulatory Authority, the complainant has to elect either of the two proceedings and cannot proceed with both simultaneously," WBREAT chairperson ruled.

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Adani Realty, Emaar Group said to cease talks on Indian real estate unit sale

The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March. Two months prior, Emaar said it was in discussions with potential buyers in India, including Adani.

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Maharashtra CM approves Dharavi master plan

A press release stated that CM Devendra Fadnavis directed the Dharavi redevelopment to be done in an environmentally friendly manner, integrating its commercial sector. He said priority should be given to the rehabilitation of skilled artisans.

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Prestige Estates Projects posts net profit of ₹43.10 crore in Q4 FY25

Prestige Estates Projects' net consolidated total income stood at ₹1,589.30 crore in Q4 FY25, a dip of 28.81 per cent from ₹2,232.50 crore it recorded in the similar quarter last year.

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USV's chairperson buys two duplexes in Mumbai's Worli for ₹639 crore

The record-breaking deal involves a total area of 22,572 sq ft spanning the 32nd to 35th floors of 40-storey super-premium tower Naman Xana overlooking the Arabian Sea on Worli Sea Face.

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PM asks officials to focus on full redressal of homebuyers' grievances than simple disposal of plaints

The PM directed all state chief secretaries to hold regular reviews and ensure that there is “complete redressal” of homebuyers’ grievances.

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NBCC’s Kidwai Nagar project caught in GST crossfire between ministries

A GST demand on NBCC's escrow fund for the Kidwai Nagar redevelopment project has sparked a conflict between the Urban Development and Finance Ministries. The DGGI issued the notice, arguing that lease receipts collected by NBCC are subject to GST.

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AU Small Finance Bank buys commercial tower in Mumbai for ₹371 crore

The Jaipur-headquartered bank has purchased the 11-storey property with two basements spread over 74,577 sq ft to set up its corporate office in Mumbai.

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ED seizes ₹1.70 crore cash, documents in raids against Jaypee Infratech, others

"Searches were also conducted at the offices and premises related to key business associates of JAL, including Gaursons India Pvt Ltd, Gulshan Homz Pvt Ltd, and Mahagun Real Estate Pvt Ltd.," the central probe agency said in a statement issued on Sunday.

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Flat sale agreement not must for relief under real estate law: MREAT

Allottee Stanley Saldanha, who was represented by advocate Anil D' Souza, had booked a flat in Aug 2013 in an IndiaBulls project at Panvel and had paid a sum of over Rs 26 lakh.

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Over 70,000 housing societies in Maharashtra can now apply online for deemed conveyance

The new system eliminates the need for multiple visits to deputy registrar's office, allowing over 70,000 eligible societies to complete the entire process — from submission to certification — of procuring deemed conveyance digitally, said a senior official of the state cooperation department.

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Kanakia Group seeks NLCT nod to demerge real estate arm

The group has approached the Mumbai bench of the National Company Law Tribunal (NCLT) to seek approval for the demerger of Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd.

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ED raids against Jaypee Infratech, others in ₹12,000 crore fraud case

The searches are related to Jaypee Infratech, Jaiprakash Associates Limited and others for alleged fraud with homebuyers and investors of around Rs 12,000 crore and linked "diversion" of funds, the sources said.

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CBI seeks information on 24 projects in SC-ordered subvention probe

The central investigating agency has now sought details of these real estate projects — following a Supreme Court directive of April 29 — as part of a probe that involves not just gathering records from the three development authorities but also scrutinising an alleged nexus between banks and developers.

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SC rejects finance ministry’s plea against input tax credits for commercial rentals

A Bench led by Justice AS Oka while dismissing the ministry’s plea on Tuesday said that it has gone through the review petition and the October 3 judgment, which has been sought to be reviewed, and “there is no error apparent on the record.”

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Maharashtra cabinet approves state housing policy 2025

As part of the implementation strategy, the cabinet has cleared the formation of a ₹20,000 crore 'Maha Aawas Nidhi' at the state level to finance large-scale housing projects under the new policy framework.

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O3plus' managing director buys bungalow in Delhi for ₹72 crore

According to documents accessed through CRE Matrix, a real estate data analytics firm, Kapur has paid Rs 1.8 crore stamp duty for the bunglow that stands on a 663 sq m plot. The transaction was registered in the first week of April.

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MahaRERA de-registers nearly 19,000 property brokers amid compliance push

The move is part of the authority’s ongoing efforts to ensure greater transparency and professionalism in the real estate sector. Of the total de-registered agents, around 2,463 are from Mumbai city, 5,538 from Mumbai suburban areas, 4,303 from Thane, and 3,476 from Pune.

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Uttar Pradesh government's GCC policy to position Noida, Lucknow, Varanasi as tech hubs

​The policy outlines an ambitious plan to generate over 2 lakh high-paying jobs over the next five years, the state government said in a statement.

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Delhi master plan 2041 to be implemented soon: PWD minister

​​The minister also announced that the first registry of properties falling under the Lal Dora category will be completely free of cost.

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Radius Sumer Developers' promoters arrested for cheating buyers in 'failed' South Mumbai project

EOW's general cheating unit arrested the father-son duo from their plush apartment in Gamdevi and produced them before the special MPID court, which remanded them to police custody.

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Eternal leases office space across seven floors in Mumbai’s Andheri

The company has entered into a licensing agreement with Runwal Realty subsidiary Histyle Retail for this office premises spanning across total seven floors of a commercial tower R Square in J B Nagar locality.

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Noida: Recovery notices ignored, offices of 12 builders sealed over ₹175 crore dues

Antariksh Engineers, Elegant Infracon, Ansal Hitech, Rudra Buildwell and Uttam Steels, among others, were issued multiple recovery notices but had not responded, officials said.

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Sebi cautions investors as Strata SM REIT surrenders registration

The decision came after the markets regulator reviewed "certain legal proceedings against the promoter of a Sebi-registered SM REIT -- Strata SM REIT.

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Knowledge Realty Trust gets CCI nod to acquire entities of Blackstone, Sattva Group

Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets and related income-generating assets.

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Over 8,000 flat registries in nine Greater Noida projects stuck over ₹400 crore dues

While land parcels for the projects were allotted between 2007 and 2011 when Greater Noida offered a 2.75 FAR, developers redrew maps and got them vetted by UPSIDA again after FAR was increased to 3.5 in 2013.

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Macrotech Developers 'seriously' looking for land to enter Delhi-NCR

​Mumbai-based Macrotech Developers, which sells properties under the 'Lodha brand', is one of the leading real estate firms in the country. At present, the company has a presence in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru.

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Hyderabad I-T commissioner, Shapoorji Pallonji employee, others arrested in bribery case

Jeevan Lal, a 2004 batch Indian Revenue Service officer, is the son of BRS ex-MLA Ramulu Naik. The arrested Shapoorji employee was identified as Viral Mehta, deputy general manager (taxation).

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Over 7,500 cases pending with Maharashtra RERA

A large number of complaints have burdened the limited number of MahaRERA benches. Around 7,500 complaints are pending with the authority.

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L&T Realty acquires 34-acre land parcel in Panvel near Mumbai

Until now, L&T Realty has exclusively followed joint development agreements (JDAs) and joint venture (JV) partnerships to expand its portfolio, avoiding direct land acquisition.

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Retrofitting can unlock ₹1.2–1.6 lakh crore in asset value across Indian offices: CBRE

To realise this potential, the total investment required is estimated between ₹30,000–40,000 crore, depending on the scale and scope of enhancements, according to the report by CBRE.

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TCS leases over one million sq ft of office space in Hyderabad

The lease spans all 19 floors of the building, from ground to the 18th floor, at a monthly rent of Rs 43 per sq. ft., totalling around Rs 4.37 crore per month.

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Noida authority initiates recovery of ₹277 crore dues from Sikka Infrastructure

Noida Authority CEO Lokesh M said the company lost its eligibility for benefits under the state govt's policy announced in Dec 2023 to help stalled real estate projects.

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Eleannt Enterprises acquires plot in Delhi's Vasant Vihar for Rs 95 crore

The South Delhi-based real estate firm has paid Rs 6.65 crore as stamp duty and corporation tax, according to the copy of sale deed accessed by ET. Lokeshh Goyal, director of Eleannt Enterprises, declined to comment on the deal.

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Kajaria Ceramics exits from plywood business due to continued losses

Kajaria Ceramics, on Tuesday, declared its results for the March quarter, in which its consolidated profit declined 58.6 per cent to Rs 43.18 crore, due to settlement with JV partners and vendors of the plywood business.

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Brookfield India REIT's net operating income up 16% to Rs 488.5 crore in Q4 FY25

The company announced the distribution of Rs 319.1 crore (Rs. 5.25 per unit) to its unitholders for the March quarter, 10.5 per cent higher than the fourth quarter of the 2023-24 fiscal, according to a regulatory filing.

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ED attaches Rs 2,348 crore assets in money laundering case of WTC group

The action has been taken in "a massive real estate fraud involving WTC Faridabad Infrastructure Private Limited and other entities of the WTC Group, headed by Ashish Bhalla", the Enforcement Directorate (ED) said.

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Uday Kotak acquires residential building in Mumbai for over Rs 400 crore

The new deals worth prices ranging between Rs 12 crore and Rs 27.59 crore for apartments spread over 444 sq ft to 1,004 sq ft were registered on April 8th and April 21st, shows the documents accessed by ET.

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Delhi: New sops for vacation of Signature View Apartments for demolition, but no clarity on rent yet

According to the latest SOPs, May 30 is the deadline for handing over previously vacated flats while July 31 is the final date for the complete vacation and handover of all remaining flats.

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Godrej Properties' net profit dips 20.83% in Q4 FY25

Godrej Properties' net consolidated total income stood at Rs 2,681.06 crore in Q4 FY25, a growth of 40.02 per cent from Rs 1,914.82 crore it recorded in the similar quarter last year.

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ED raids Ansal API offices in Delhi, Noida, and Ghaziabad over Rs 600 crore fraud

A six-member ED team, accompanied by security personnel, scrutinised electronic records, hard drives, financial documents, and bank accounts at the company's Lucknow office.

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