Embassy REIT's NOI up 15% in Q1 FY26, appoints Amit Shetty as CEO

Embassy REIT reported a 15% YoY increase in NOI, reaching ₹872 crore in Q1 FY26, accompanied by a total income of ₹1,080.81 crore. The company leased two million sq ft and raised ₹4,225 crore in debt. Amit Shetty has been appointed as CEO, succeeding Ritwik Bhattacharjee. Distributions of ₹5.80 per unit were declared for the quarter.

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Gurugram administration proposes steep hike in circle rates

Gurgaon residents brace for potential property price hikes as the district administration proposes significant increases in circle rates, ranging from 8% to 77% for residential areas and up to 145% for agricultural land. Upscale areas like DLF I-V could see a 10-20% rise.

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Bombay HC raps EOW for inaction, transfers builder fraud case to crime branch

The Bombay High Court moved a builder fraud case to the Mumbai Crime Branch. This action followed serious investigative failures by the Economic Offences Wing. Victims alleged a scam exceeding Rs 100 crore. The court criticized EOW's handling, citing inaction and negligence. Concerns arose over frozen accounts and untracked property transactions. The Crime Branch will now investigate the matter further.

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MahaRERA lists 1,244 projects ‘under abeyance’ in Pune district

Thousands of homebuyers in Maharashtra, particularly in Pune, are facing uncertainty as 1,244 projects are marked 'under abeyance' by MahaRERA due to lack of completion certificates or extension applications. Many individuals' investments are stuck, with some waiting over a decade for possession.

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Knowledge Realty Trust gets Sebi nod to launch ₹4,800-crore REIT-IPO

Knowledge Realty Trust, sponsored by Sattva Group and Blackstone, has secured SEBI approval for its REIT public offering, aiming to raise ₹4,800 crore. Scheduled to hit capital markets in early August, KRT is poised to become India's largest REIT by gross asset value. The company owns over 46 million sq ft of office assets across major cities.

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Data for India's founder buys plot in Vasant Vihar for Rs 113 crore

Akhil Wable of DataforIndia acquired a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises, who had purchased it earlier this year for Rs 95 crore. South Delhi's real estate market shows considerable appetite with limited inventory and high price appreciation, with transactions in Vasant Vihar reaching Rs 9–12 lakh per sq. yd.

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Uttar Pradesh RERA recovers ₹1,410 crore for home buyers

UP-RERA has recovered ₹1,410 crore against 5,700 recovery certificates, with ₹861 crore recovered between August 2023 and July 15, 2025. Increased recoveries are attributed to monthly reviews with District Magistrates and pressure on defaulting promoters.

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Mahindra Lifespaces posts net profit of ₹51.26 crore in Q1 FY26

Mahindra Lifespace Developers announced a net profit of ₹51.26 crore for the first quarter of fiscal year 2026. The company's income was ₹40.61 crore. A rights issue improved the balance sheet. Gross development value additions reached ₹3,500 crore. Residential pre-sales were ₹449 crore. The IC&IC business saw healthy leasing activity in Jaipur and Chennai.

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Mindspace REIT acquires Q-City in Hyderabad for ₹511.8 crore

Mindspace Business Parks REIT has acquired Mack Soft Tech for ₹511.8 crore. This deal includes ‘Q-City’, a commercial asset in Hyderabad. The property will be rebranded as ‘The Square, 110 Financial District’. This acquisition increases Mindspace REIT’s Hyderabad portfolio. The deal was closed at a discount, promising a boost to REIT NOI.

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Phoenix Mills to acquire CPP Investments' 49% stake in ISMDPL for ₹5,449 crore

Phoenix Mills (PML) is set to acquire CPP Investments' 49% stake in Island Star Mall Developers (ISMDPL) for ₹5,449.16 crore, gaining full ownership. The transaction, unfolding over three years, will consolidate PML's control over key retail assets like Phoenix MarketCity Bengaluru and enhance shareholder value. ISMDPL's revenue has seen substantial growth, reaching ₹919.7 crore in FY25.

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ED arrests absconding promoters of Universal Buildwell

Enforcement Directorate, Gurugram, arrested Raman Puri, Varun Puri, and Vikram Puri. They are promoters of Universal Buildwell Private Limited. The arrest relates to a real estate fraud case. The accused were absconding for seven years. They were declared proclaimed offenders. The special court remanded them to ED custody.

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Aurum PropTech acquires 100% stake in PropTiger from REA India in ₹86.45 crore equity swap deal

Aurum PropTech is set to acquire PropTiger Marketing Services India from REA India in an all-stock deal valued at ₹86.45 crore. REA India will receive a 5.54% equity stake in Aurum PropTech. This acquisition aims to strengthen Aurum's PropTech ecosystem, with Prakash Tejwani appointed as CEO of PropTiger, and integrate digital platforms for enhanced AI-driven tools.

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SC allows CBI to register 22 cases in builders-banks nexus in NCR

The Supreme Court has directed the CBI to register 22 cases investigating the nexus between banks and developers who defrauded homebuyers in the NCR region. This action follows preliminary inquiries revealing cognizable offenses, prompting further investigation into builders, development authorities, and financial institutions. The court acknowledged the CBI's efforts and emphasized the need for transparency and protection of homebuyers' interests.

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DLF exits ₹10,000-crore South Mumbai project through settlement with Hubtown

Hubtown and DLF have resolved their long-standing dispute over the Rs 10,000 crore Tulsiwadi redevelopment project in south Mumbai. DLF has exited the project after receiving Rs 800 crore from Hubtown, ending years of litigation. Hubtown has mortgaged space in the project to secure the remaining payment, paving the way for project execution.

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Tamil Nadu government tweaks property valuation

Tamil Nadu government has revised stamp duty rules. The new rules introduce composite value for apartments. This includes the super built-up area and land share. Guideline values can now be revised anytime. Earlier revisions were only in October.

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JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for ₹12,915 crore

JSW Paints is set to acquire a majority stake in Akzo Nobel India for ₹12,915 crore, pending CCI approval. This move will make JSW Paints the fourth-largest player in the Indian paint industry. The deal involves purchasing a 74.76% stake initially, followed by an open offer for an additional 25%.

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Aurum PropTech gets SEBI nod to launch SM-REIT

Aurum PropTech has received SEBI's approval to launch its Small and Medium Real Estate Investment Trust. This will allow retail investors to own fractions of premium office assets. Aurum PropTech is the first listed Indian company to get this registration. The company plans to list SM-REIT schemes on stock exchanges.

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About 40 developers yet to pay ₹261 crore deposit for transit tenements: CAG

A CAG report revealed that Mhada allotted 3,357 transit tenements to 43 private developers for redevelopment projects initiated around 25 years ago. As of March 2022, many developers still possessed these tenements, with Rs 261.14 crore in outstanding dues yet to be recovered from 40 of them. Only three developers cleared their dues.

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IndiQube Spaces' ₹700-crore IPO to open on July 23

IndiQube Spaces has set the IPO price band at Rs 225-237 per share, aiming to raise Rs 700 crore. The IPO will be open from July 23-25, with a valuation of nearly Rs 5,000 crore at the upper end. The company intends to use the funds for expansion and debt repayment, with listing expected on July 30.

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Embassy REIT to tap debt market with ₹20 billion bond sale: Sources

Embassy Office Parks REIT plans to raise 20 billion rupees. The fund raising will be through five-year corporate bonds. Discussions with bankers are underway. The real estate investment trust aims to finalize the funding this month. The bonds have a 'AAA' rating from Crisil. This sale could attract mutual funds and insurance firms.

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Uttar Pradesh government allows 14-year zero period waiver for Sunworld City's township

Uttar Pradesh government directed Yamuna Expressway Industrial Development Authority to provide relief to Sunworld City. The relief involves a 14-year waiver for a stalled township project. This decision came after the discovery of incomplete land acquisition. YEIDA failed to acquire about 20 acres before handing it to the developer. The government criticised YEIDA for this oversight.

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WeWork India gets Sebi's nod for ₹1,000 crore IPO

WeWork India has secured SEBI's approval for its ₹1,000-crore IPO, comprising a fresh issue and an offer for sale. The co-working firm intends to use the IPO proceeds for expansion, debt reduction, and tech investments. With improved financials, including narrowed losses and increased revenue, WeWork India's occupancy has surpassed 75%.

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Oberoi Realty-led consortium wins bid for Hotel Horizon in ₹919 crore resolution plan

Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has been chosen as the resolution applicant for Hotel Horizon (HHPL) through the IBC process. The consortium's resolution plan, approved by the creditors, involves a ₹919 crore payment to settle all dues.

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HC asks Noida authority how OCs were granted to Lotus Boulevard without STPs

Allahabad High Court has directed Noida Authority to submit an affidavit explaining the occupancy certificates granted to Lotus Boulevard project amid concerns of incomplete sewage infrastructure. The court's order follows a petition alleging non-functional sewage treatment plants (STPs) during certificate issuance in 2012 and 2016.

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Maharashtra RERA blocks details of project under abeyance

MahaRERA website has restricted access to project details kept in abeyance. Home buyers and advocates face difficulty in viewing crucial information. This includes completion dates and approval status. Lawyers argue this prevents access to legal remedies.

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Enforcement directorate attaches assets worth ₹681 crore of Ramprastha group

The Enforcement Directorate (ED) has attached Ramprastha real estate group's properties worth over Rs 680 crore in Gurugram due to alleged fraud against homebuyers. This action follows multiple FIRs regarding undelivered flats and plots in projects like Ramprastha City.

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Unitech Group promoters diverted half of ₹16,000 crore worth buyers' funds for personal use: ED

The Unitech Group and its promoters are accused by the Enforcement Directorate of diverting nearly half of the ₹16,000 crore received from homebuyers and financial institutions. These funds were allegedly used for personal gains and funneled into various benami companies.

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Mittal Builders, HoABL to invest ₹2,000 crore on 11-acre project in Mumbai region

Mittal Builders partners with House of Abhinandan Lodha for a housing project. The project is in the Mumbai Metropolitan Region. Investment is estimated at Rs 2,000 crore. The project will span 11 acres.

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Zomato founder buys apartment for ₹52.3 crore in DLF Camellias in Gurugram

Zomato's co-founder, Deepinder Goyal, invested Rs 52.3 crore in a luxurious 11,000 sq ft apartment within DLF Camellias, Gurugram, back in August 2022, with registration completed this March. Experts estimate the property's current value soars between Rs 125 crore and Rs 150 crore, reflecting Gurugram's surging housing market.

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Valor emerges as top bidder for Lavasa with ₹771-crore offer

Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation, offering ₹771.09 crore. The selection followed a competitive bidding process with ten rounds, but the deal hinges on environmental clearances, a crucial factor for lenders wary of past experiences. The committee of creditors will negotiate further and decide on the next steps.

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Adani to execute MHADA’s largest-ever 142-acre redevelopment in Mumbai’s Motilal Nagar

MHADA and Adani Properties have partnered to redevelop Motilal Nagar in Goregaon, Mumbai, in MHADA's largest redevelopment project. Adani Properties will provide a significant portion of housing stock to MHADA, offering larger homes to existing residents and rehabilitating slum dwellers. This initiative aims to modernize housing infrastructure, address civic issues, and improve the quality of life for residents.

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Adani Group submits unconditional bid for Jaiprakash Associates

Adani Group has placed an unconditional bid of ₹12,600 crore for Jaiprakash Associates amidst its insolvency resolution. Other contenders like Dalmia Bharat, Vedanta, and Jindal Power have submitted bids contingent on the resolution of a land dispute. The committee of creditors has urged all bidders to revise their financial offers for the Jaypee Group flagship firm.

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Debock Industries' owner was investing proceed of crime in real estate: ED

The Enforcement Directorate (ED) uncovered a financial fraud exceeding Rs 100 crore by Debock Industries Ltd, whose owner was investing the illicit proceeds in real estate ventures, including resorts for destination weddings near Chaksu.

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Clear ₹118 crore dues this month or we’ll cancel project: YEIDA to Greenbay Infrastructure

YEIDA has issued a final ultimatum to Greenbay Infrastructure, demanding the payment of ₹118 crore by July's end. Failure to comply will result in the cancellation of land allotment for their 100-acre township in Sector 22D.

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Punjab & Haryana HC chief justice recuses from hearing M3M's plea

Chief Justice Sheel Nagu of the Punjab and Haryana High Court has recused himself from hearing a plea by M3M's Roop Bansal to quash a corruption case. This follows the withdrawal of the case from a single judge after complaints, despite the judge having reserved judgment.

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JSW Group secures ₹9,300-crore financing for Akzo Nobel acquisition

JSW Group has secured ₹9,300 crore to acquire Akzo Nobel India. The funding includes debt and convertibles. Foreign lenders and domestic mutual funds are participating. JSW Paints will raise operating company debt. Convertibles are at the JSW Group level. Sajjan Jindal Family Trust sold a stake in JSW Infrastructure. The deal aims to make JSW Paints India's fourth-largest paint company.

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Uttar Pradesh cabinet to notify revised building bylaws easing vertical development

The new rules and guidelines would give property owners the opportunity to create more usable space on a piece of land. Officials said more than 1,000 objections and suggestions were disposed of, and some were considered before preparing the final draft.

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SC allows M3M Group's plea for substitution of provisionally attached property

A bench of Justices P S Narasimha and R Mahadevan, however, said the substitution of the property would be subject to nine conditions as suggested by ED.

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IL&FS seeks to disqualify Brookfield Co from buying its finance centre

IL&FS has filed a plea seeking to reverse the sale of its iconic BKC building to Brookfield, alleging non-compliance with bid conditions. The insolvent financier claims Brookfield's unit, Chronos, failed to renew a ₹108-crore performance guarantee, rendering the letter of intent invalid. This move comes as commercial property values in BKC have risen, potentially making Brookfield's initial offer less appealing.

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Adani Properties gets NCLT nod to acquire HDIL's two assets

The assets include a commercial property known as 'Inspire BKC' in Mumbai's business district Bandra-Kurla Complex and a land parcel in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was found to be the only bidder to make Insolvency and Bankruptcy Code (IBC)-compliant proposal for both the properties.

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ED raids Raheja Developers in case related to 'fraud' with homebuyers

The money laundering case of the Enforcement Directorate (ED) stems from multiple FIRs registered by the Economic Offences Wing (EOW) of the Delhi Police against Raheja Developers Ltd, its Managing Director Naveen Raheja and others, the federal agency said in a statement.

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