MHADA appoints Keystone Realtors to redevelop Sindhi refugees buildings in Mumbai's Sion

The colony spans over 11.20 acres and will yield 25,700 sq. m. of built-up space for MHADA as housing stock, with an FSI of 4.5, including fungible area.

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Noida authority rejects Max Estates' ₹67 crore waiver plea for takeover of Delhi One

Max had initially sought a complete waiver of the CIC, but later proposed to deposit Rs 22 crore — roughly 40% of the assessed charges — in an interest-bearing account with certain conditions.

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Welspun bids the most for Lavasa Corporation; Lodha Developers, Jindal Steel and Power Group in fray, too

Lavasa Corporation, India's first private hill town project, is up for sale again. Creditors aim to recover their dues. Six takeover bids have been submitted, ranging from ₹500 crore to ₹850 crore. Welspun Group placed the highest bid. Other bidders include Ashdan, Pride Purple, Macrotech Developers, DB Corp subsidiary Valor, Jindal Steel and Power Group, and Yogayatan Group.

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MahaRERA starts statewide verification of developer-submitted OCs

These certificates have been sent to respective planning authorities to ensure authenticity and prevent discrepancies or forgery, officials said on Saturday.

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Prestige & Arihant Group to jointly acquire land in Chennai for ₹361.18 crore

The land is earmarked for the development of residential dwellings with a total development potential of approximately 7.5 lakh sq ft and an estimated gross development value (GDV) of over ₹1,600 crore.​​

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JSW Paints to acquire up to 75% stake in Akzo Nobel India for ₹9,446 crore

JSW Paints has signed a share purchase agreement to acquire up to 74.76% of the paid-up equity share capital of Akzo Nobel India from its two promoter shareholders—Imperial Chemical Industries and Akzo Nobel Coatings International B.V.

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YEIDA gives Greenbay Infrastructure June 30 deadline to deposit Rs 110 crore

The land was allotted to Greenbay in Feb 2011. The developer subleased a portion of this to Emerald Properties in Jan 2014 for a group housing project.

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JP Morgan leases office in Mumbai’s BKC in ₹1,000 crore rental deal

JP Morgan has leased over 116,210 sq ft in Sumitomo's BKC commercial tower for 10 years, potentially extending to 25. The deal, estimated at nearly ₹1,000 crore initially and exceeding ₹2,500 crore overall, marks a significant commitment in Mumbai's prime property market. This new office is expected to house JP Morgan’s India headquarters.

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TCS plans over ₹4,500 crore realty expansion across India

Tata Consultancy Services is investing over Rs 4,500 crore to expand its infrastructure across India, including new campuses and office spaces in key cities like Bengaluru, Kolkata, and Kochi. This expansion aligns with TCS's anticipated headcount growth and strong financial performance, signaling confidence in India's talent ecosystem and delivery capabilities.

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National Housing Bank tightens refinancing rules to check 'misuse' of home loans

The National Housing Bank (NHB) has tightened norms for refinancing home loans, stipulating that refinance will only be provided for properties where less than half of the construction is complete at the time of the first disbursement.

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Maharashtra: Soon, first floor residents of chawls to be included in SRA

A Housing Department official told Mirror that the proposal will apply specifically only to chawls, and not slums. According to the draft proposal, a chawl is a structure built before 1976 on private land that have property tax proof and non-agricultural documents.

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Pre-arrest bail pleas of Ecstasy Realty's directors rejected in ₹600 crore financial fraud case

Additional sessions judge NG Shukla rejected the pre-arrest bail pleas of Pulin Bole, Shivani Verma, Shobit Rajan and Pranav Bajaj. The reasoned order was not made available as yet.

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Wipro leases 3.87 lakh sq ft office space in Navi Mumbai’s Airoli for 10 years

Wipro Ltd has leased eight floors, totaling 387,000 sq ft, at K Raheja Corp’s Mindspace Business Park in Navi Mumbai for over 10 years. The deal, valued at Rs 328 crore including escalations, reflects a monthly rent of Rs 2.48 crore with a 5% annual increase.

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ED attaches ₹44-crore Delhi house of Bhasin Infotech accused of duping homebuyers

The money laundering case stems from multiple Uttar Pradesh Police (Noida) FIRs filed in 2015 against Bhasin Infotech and Infrastructure, Grand Venice group entities, Bhasin, Quincy Bhasin and others on charges of cheating, fraud and criminal conspiracy.

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Lodha Developers acquires 945 apartments in Mumbai’s Mankhurd for ₹567 crore

Lodha Developers has acquired 945 apartments in Mankhurd for Rs 567 crore to meet its slum rehabilitation commitments in Vikhroli. This significant SRA-linked asset transfer highlights the growing trend of offsite PTC fulfilment in Mumbai.

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Blackstone’s Knowledge Realty Trust raises ₹1,400 crore in India's maiden REIT pre-IPO round

Knowledge Realty Trust (KRT), backed by Blackstone and Sattva Developers, raised ₹1,400 crore in a landmark pre-IPO placement. This marks India’s first such REIT fundraising, with participation from HNIs and family offices ahead of its ₹6,200 crore IPO.

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Blackstone acquires South City Mall in Kolkata for ₹3,250 crore

South City Mall was developed by South City Projects (Kolkata), a consortium of Merlin Group, Emami Group, Sachi Group, Surekha Group, JB Group and Rameswara Group and launched in January 2008.

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Bengaluru: Home buyers protest against Shapoorji Pallonji Group over project delay

The home buyers said that KRERA made them sign settlement agreements to get the flats by September 2024, but the builder failed to deliver the flats to the home buyers who have already paid 90 per cent of the amount.

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Mumbai police books Padmavati Maitri Corporation, promoter for housing project fraud

​Based on complaints of construction consultant Bharat Patel, Dindoshi police booked Shah and others for cheating, misappropriation of funds, and criminal conspiracy.

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Over 7,000 complaints remain pending with MahaRERA

Of 29,374 complaints filed so far, 7,310 remain pending, prompting calls from homebuyers, legal experts, and activists for faster redressal and stricter enforcement of orders.

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CBI registers FIR against Supertech, promoter for allegedly defrauding IDBI Bank of ₹126.07 crore

Arora has been named in the FIR alongside whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, in addition to the Noida-based company, they said.

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Mumbai: EOW books R A Associates for allegedly selling same flat twice

The complainant, Pawan Arya, a resident of Nepean Sea Road, lodged a complaint last week with the Matunga police station against the developer R A Associates and its directors, Rajendra Kothari and Sushil Kothari, under various BNS sections of cheating, forgery, and breach of trust.

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MHADA invites tenders for cluster redevelopment of Kamathipura in South Mumbai

The Kamathipura area, spread across 34 acres in South Mumbai, includes approximately 943 cess buildings in lanes 1 to 15, with around 6625 residential and 1376 non-residential tenants/residents, totaling 8,001.

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Homebuyer seeking refund can't ask builder to reimburse loan interest: SC

It set aside a consumer court order directing the Greater Mohali Area Development Authority to reimburse the interest paid by a homebuyer to a bank on home loan in addition to refunding the principal amount with 8% interest.

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Blackstone gets CCI nod to acquire stake in Kolte-Patil Developers

Blackstone has secured CCI approval for a ₹1,167 crore investment in Kolte-Patil Developers through preferential allotment and secondary share purchase. This deal involves Blackstone acquiring a 40% stake, potentially rising to 66% after an open offer.

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JM Financial gets 1.42 lakh sq ft office space in Mumbai through CIRP resolution

The acquisition is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty.

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International Finance Corporation invests ₹420 crore in Birla Estates' two projects

IFC will invest about ₹148 crore in company's Manjri project in Pune having approximately 3.13 million sq ft saleable area and about ₹272 crore in its Thane project with approximately 6.43 million sq ft saleable area.

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Birla Opus Paints files abuse complaint with CCI against Asian Paints

Grasim Industries, which owns Birla Opus Paints, reportedly filed the complaint in November 2024, alleging that Asian Paints threatened dealers with reduced credit limits and withdrawal of contracts if they engaged with Grasim.

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ARM Embedded Technologies leases over four lakh sq ft with Bagmane in Bengaluru

The space is in Taurus 4 (North Tower) block of the park, developed by Bagmane Constructions Pvt Ltd, and represents a fresh lease agreement, not a renewal or consolidation, said people aware of the development.

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Apple India leases 12,616 sq ft space at Sky City Mall in Mumbai

Premium mobile device maker Apple India has leased this space from Incline Realty for a period of 10 years and 10 months. The rent free period is 10 months.

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Special court closes Powai land case against Niranjan Hiranandani, others

The case relates to allegations that prime public land leased at concessional rates for affordable housing was diverted to construct luxury real estate and commercial premises by private developers, notably Niranjan Hiranandani, managing director of the Hiranandani group.

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Tesla secures fourth India office in Mumbai as part of expansion strategy

Tesla has leased a 24,500 sq ft office in Mumbai’s Kurla as part of its growing India presence, marking its fourth office in the country. The five-year lease, valued over ₹24 crore, follows Tesla’s recent showroom lease in BKC. These moves signal Tesla’s increasing operational focus and preparation for future manufacturing amid evolving EV policies in India.

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NCLAT upholds insolvency proceedings against Jaypee Cement Corp

A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not find any error in the order directing the initiation of insolvency proceedings.

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Gujarat government's new policy to enable cross-city TDRs

The policy framework proposes an inter-city TDR framework, allowing cross-city transfer of development rights in Ahmedabad, Surat, Vadodara, Rajkot and other urban centres while addressing various urban challenges.

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Over 2,600 real estate projects expire in Karnataka, many more lapse: RERA data

A significant number of real estate projects failed to meet their deadlines, with over 2,600 officially marked as ‘expired' and more than 2,700 classified as ‘lapsed', as per latest K-Rera data.

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