OSB's director faces FIR for fund misuse & licence violations in Gurugram

Haryana authorities have filed an FIR against Ocean Seven Buildtech and its director, Swaraj Singh, for financial fraud and license violations in affordable housing projects. The company allegedly collected payments without completing construction, leading to stalled projects and financial distress for buyers.

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K Raheja eyes 1.5-acre South Mumbai's Famous Studios parcel in ₹650 crore agreement

Famous Studios, a landmark in South Mumbai since 1946, is likely to change ownership. K Raheja Corp is in advanced discussions to acquire the 1.5-acre property. The deal is structured as a joint development agreement. It has a development potential of around 4 lakh sq ft. Piramal Realty's previous attempt to redevelop the studio failed.

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SC ropes in ex-IB chief to examine Supertech insolvency case amid fund diversion allegations

The Supreme Court is seeking assistance from Rajiv Jain to investigate Supertech Realtors' insolvency, following allegations of fund siphoning by director Ram Kishore Arora across 21 projects. The court refused to halt insolvency proceedings, noting widespread investigations into Supertech's projects. Arora is contesting the insolvency, citing a settlement offer, while the Bank of Maharashtra denies any agreement.

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CapitaLand to sell Chennai unit leased to Apple supplier

CapitaLand is divesting a 750,000 sq ft industrial unit in Chennai leased to Pegatron, a key Apple supplier, with potential bids reaching ₹600 crore. Brookfield, Hines, and Hillhouse Capital are among the interested parties. The facility is significant for iPhone manufacturing in India, producing around 750,000 units, including refurbished models.

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Gaursons Group to mortgage mall to clear ₹315 crore dues for registry of over 2,000 flats

GNIDA has conditionally approved Gaursons Group's proposal to mortgage part of Gaur City Mall to secure farmer compensation dues. This move aims to enable the execution of approximately 2,100 pending sub-lease deeds across three housing projects, offering relief to residents awaiting legal ownership. An independent valuation will assess the mall's security value before registries can proceed.

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Welspun moves NCLT against Lavasa's top bidder Valor

The interlocutory application, filed through a Welspun subsidiary, also highlighted links between Valor's promoters and another defaulting debt-laden jeweller, links the plea claimed automatically disqualify the bidder to participate in any resolution process.

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ED arrests Sahiti Infratech's ex-director in ₹800 crore laundering case

The Enforcement Directorate (ED) has arrested Sandu Purnachandra Rao, a former director at Sahiti Infratec Ventures, for allegedly defrauding homebuyers of ₹360 crore. Rao is accused of collecting over ₹800 crore through illegally launched projects and misappropriating ₹126 crore. He was remanded to 15-day judicial custody, joining B. Lakshminarayan, who was previously arrested in connection with the scam.

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Enforcement directorate searches against BPTP in Delhi-NCR

The Enforcement Directorate (ED) searched real estate company BPTP's Delhi-NCR locations concerning a Rs 500 crore foreign exchange violation. The ED is also probing multiple FIRs against the company and its directors, with BPTP extending full cooperation and asserting compliance with all laws.

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ED arrests Galaxy Constructions' director from Mumbai hotel in bank loan fraud case

Amit Ashok Thepade, director of a Pune-based real estate firm, was arrested from a Mumbai hotel in connection with a Rs 117.06 crore bank loan fraud involving Canara Bank. The Enforcement Directorate (ED) seized Rs 9.5 lakh in cash and jewellery worth Rs 2.3 crore.

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Krrish Realtech diverted ₹205-crore homebuyers' fund for Colombo hotel: ED

A Gurugram-based realty group, Krrish Realtech, defrauded home buyers. The group collected over Rs 500 crore for housing plots. However, they diverted Rs 205 crore to a Sri Lanka hotel project. The Enforcement Directorate (ED) is investigating Amit Katyal and others. Katyal is already arrested in another case. The ED filed a chargesheet and the court issued a notice.

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India's 28-listed builders sell properties worth ₹53,000 crore in April-June 2025

India's listed real estate companies witnessed robust sales, reaching nearly Rs 53,000 crore in the April-June quarter, driven by strong residential demand. Prestige Estates led with the highest sales bookings, followed by DLF and Godrej Properties. These top five developers contributed significantly to the total sales, indicating a concentrated market benefiting from increased homebuyer confidence.

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Microsoft takes up 2.64 lakh sq ft office in Hyderabad at ₹5.4 crore per month

Microsoft India (R&D) has leased 264,000 sq ft in Hyderabad's financial district from Table Space Technologies, commencing July 2025. The five-year lease at Phoenix Centaurus involves a monthly rent of ₹1.77 crore, escalating annually by 4.8%. This expansion highlights Hyderabad's appeal to large tech companies due to its talent pool and infrastructure.

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NCLAT sets aside plea against Nuvoco Vistas acquisition of Vadraj Cement

The NCLAT has upheld the acquisition of Vadraj Cement by Nuvoco Vistas, dismissing a plea challenging the resolution plan. The tribunal affirmed the NCLT's approval of Nuvoco's bid, which includes an upfront payment of Rs 1,800 crore.

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Enforcement directorate files 22 cases in builders-banks nexus case

Enforcement Directorate has initiated 22 cases. This action investigates the alleged nexus between builders and banks. The focus is on cheating homebuyers in the National Capital Region. These cases stem from CBI FIRs. The FIRs were filed following Supreme Court directives. The investigation aims to uncover fraud and money laundering. It also seeks to recover illicit assets.

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Microchip picks up office space in Bengaluru for ₹176 crore

Microchip Technology, through its Indian arm, has acquired 1.72 lakh sq ft of office space in Whitefield, Bengaluru, for ₹176 crore. The purchase from Ascendum Solution India includes two commercial blocks in the EPIP Zone. This significant transaction, valued at ₹10,230 per sq ft, marks one of the largest office space buyouts in the city this quarter.

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Runwal Enterprises gets Sebi nod for ₹1,000 crore IPO

Runwal Enterprises, a Mumbai-based real estate developer, has received SEBI approval for a ₹1,000 crore IPO. The IPO proceeds will fuel expansion and strengthen the balance sheet. Between 2019 and 2024, Runwal Enterprises ranked second in Mumbai for new residential launches and sales. The company reported revenues of ₹662.19 crore in FY24, a significant jump from the previous year.

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Godrej Properties acquires 7.8 acre land in Hyderabad for ₹547.75 crore

Godrej Properties secured a 7.825-acre land parcel in Kukatpally, Hyderabad, through an e-auction conducted by the Telangana Housing Board. GPL's winning bid for the residential group housing land was ₹547.75 crore.

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Sukhpal Ahluwalia buys 11,000 sq ft apartment in DLF's Camellias for ₹100 crore

British businessman Sukhpal Singh Ahluwalia has purchased a luxurious 11,416 sq ft apartment in DLF's The Camellias, Gurugram, for Rs 100 crore, marking the third such high-value transaction in the complex. This deal highlights the continued strong demand for luxury homes in India, with prices in Gurugram and Delhi now rivalling Mumbai's upscale areas.

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Over 7.5 acres in heart of Hyderabad to be auctioned today; ₹500 crore expected from sale

The Telangana Housing Board is set to auction over 7.5 acres of prime residential land in Kukatpally, expecting to generate ₹500 crore. Alongside, 618 unfinished 3BHK flats in Pocharam and Gajularamaram will also be auctioned. Funds raised will support affordable housing projects and the Indiramma housing scheme, building on recent successful auctions.

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Centre selects Chandigarh to implement ‘land stack’ project on pilot basis

Chandigarh has been chosen as one of the two locations in India for piloting the Land Stack project. A committee meeting was held to discuss its implementation. The project aims to create a transparent land records management system. It will provide a unified database for land details. This will streamline property transactions and urban planning.

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MahaRERA suspends 4,812 lapsed projects, freezes bank accounts

MahaRERA has suspended registrations of 4,812 housing projects across Maharashtra due to developers' failure to update construction progress or seek extensions. These projects, concentrated in urban areas like Pune and Thane, face transaction bans and penalties. The move aims to enforce transparency and protect homebuyers' interests by ensuring project accountability and completion.

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Apple rents 2.7 lakh sq ft office space in Bengaluru, to pay ₹1,000 crore in 10 years

Apple India has leased approximately 2.7 lakh square feet of office space in Bangalore from Embassy Group for a decade, commencing April 3, 2025, with a starting monthly rent of Rs 6.3 crore. The iPhone maker, India's largest mobile phone exporter, is projected to pay over Rs 1,000 crore in rent and maintenance over the lease period, with a 4.

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Mumbai: Windfall for builders as redevelopment booms through higher FSI schemes

Mumbai's real estate sees a transformation. Builders redevelop old societies into taller towers. They gain higher Floor Space Index by housing project-affected people. This benefits residents with more space. However, increased density strains infrastructure. Authorities aim to balance development and public needs. Challenges remain in timely project completion and approvals. The focus is on ensuring fair practices.

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Banks widen home loan spreads to save margins

To safeguard their profitability, SBI and Union Bank of India are increasing home loan spreads despite falling policy rates. This reverses the trend of passing rate cuts to new borrowers, as banks grapple with sticky deposit costs. Public sector lenders, previously focused on market share, are now prioritizing sustainable returns, signaling a potential shift in the home loan market.

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Maharashtra CM asks builders why housing prices are rising in Mumbai despite concessions

Chief Minister Fadnavis expressed concern over rising Mumbai flat prices despite government concessions like reduced premiums. He urged builders to invest in developing Third and Fourth Mumbai, focusing on edutech and innovation hubs. Fadnavis also emphasized the need for faster slum redevelopment using new technologies to achieve a slum-free Mumbai.

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Kriti Sanon buys duplex penthouse in Mumbai’s Bandra west for ₹78.20 crore

Kriti Sanon has invested over Rs 78.20 crore in a sea-facing luxury duplex penthouse in Mumbai's Pali Hill, securing a 6,636 sq ft space across the 14th and 15th floors of Supreme Prana. The deal, costing around Rs 1.18 lakh per square feet, is one of the most expensive properties in the city's suburbs.

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GNIDA gave plots to unqualified realtors, diluted buyer safety net: CAG

A CAG audit exposed irregularities in Greater Noida Industrial Development Authority's allotment of plots. The audit highlighted policy violations between 2005 and 2018. GNIDA focused on residential development instead of industrial development. Many housing projects faced delays. Allotments were given to unqualified bidders. The audit revealed lapses in governance. Homebuyers faced project delays and registration issues.

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ED raids against Rohtas Projects for ₹248-crore 'fraud' with home buyers

The Enforcement Directorate searched several premises in Lucknow and Delhi. The searches relate to a money laundering investigation against Rohtas Projects Limited. The realty group allegedly duped investors of Rs 248 crore. Homebuyers filed 87 FIRs since 2021. Promoters Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi are absconding. The ED aims to find evidence and attach the promoters' assets.

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Etonhurst Capital buys 37 apartments in Mumbai’s Worli for over Rs 500 crore

Etonhurst Capital Partners has made a significant investment in Mumbai's luxury real estate. The platform acquired 37 ready-to-move-in apartments in Worli for over Rs 500 crore. This deal marks the first inventory buyout by an institutional investor in the luxury housing market. Etonhurst plans to refurbish the apartments before putting them up for sale.

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Eaton Technologies picks up 1.50 lakh sq ft in Pune through 10-year lease pact

Eaton Technologies India has leased 150,000 sq ft of office space in Pune's Aditya Shagun Infinity IT Park for 10 years, with a potential rental outflow exceeding Rs 250 crore. The company plans to establish its Global Capability Center (GCC) at this location. This deal highlights India's growing prominence as a hub for GCCs, driven by talent availability and infrastructure.

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Brookfield acquires Jet Airways' office property in Mumbai through insolvency process

Brookfield Asset Management has expanded its Mumbai real estate holdings. The company acquired another floor in Godrej BKC. This purchase occurred during Jet Airways' insolvency proceedings. Brookfield now controls three floors in the building. The deal includes management board access. This acquisition strengthens Brookfield's presence in Mumbai's Bandra-Kurla Complex. The area is a prime business location.

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DLF to invest ₹23,500 crore to complete ongoing housing projects in NCR, Mumbai

India's DLF will invest significantly to finish ongoing housing projects in Delhi-NCR and Mumbai. The company possesses substantial cash reserves and receivables from sold properties. DLF invested in construction during the first quarter and anticipates increased spending. Recent project launches in Mumbai and Gurugram witnessed complete sell-outs.

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Signature Global aims 92% growth in FY26

Signature Global aims for a 92% revenue surge, targeting ₹4,800 crore this fiscal year, driven by strong Gurugram residential sales. The company reported a five-fold jump in Q1 net profit to ₹34.43 crore, with revenue doubling to ₹865.66 crore.

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IFC commits $150 million to HDFC Capital's H-DREAM fund

IFC is investing $150 million in H-DREAM Fund, managed by HDFC Capital Advisors, to boost sustainable, affordable housing across urban India. The $1 billion fund aims to construct 25,000 green-certified units, addressing the nation's housing shortage. This initiative seeks to mobilize $850 million from investors, supporting early-stage financing and green building standards.

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Government to introduce new bill to enhance CE industry's competitiveness: Road transport minister

Nitin Gadkari highlighted the financial and environmental benefits of green fuels and advanced technologies for the construction equipment industry at the ICEMA Annual Session 2025. He emphasized sustainability, quality, and innovation to meet rising global demand. The industry saw 3% growth in FY25, with increased equipment sales and exports, and the government plans policy support to address industry challenges.

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Karnataka government notifies revised setback rules for buildings in Bengaluru

Bengaluru has updated its building setback norms under the Revised Master Plan 2015, effective August 1st. The amendment clarifies open space requirements based on building height, especially for structures over 12 meters. It specifies setbacks for different plot sizes and building heights, including provisions for stilt parking.

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K Raheja Corp buys 7.4-acre land parcel in Pune for ₹200 crore

K Raheja Corp's subsidiary, KRC Queens, has acquired a 7.43-acre land parcel in Pune's Mahalunge for nearly Rs 200 crore. The deal, with a development potential of 1.7 million sq ft, highlights developers' confidence in Pune's real estate market, particularly in emerging corridors with strong residential and commercial demand.

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Knowledge Realty Trust REIT raises ₹1,620 crore from anchor investors

Knowledge Realty Trust REIT secured significant funding before its IPO. It raised ₹1,620 crore from anchor investors. An additional ₹1,200 crore came via strategic allocation. The IPO opens for public subscription on August 5, 2025. 70% of the IPO is already committed. Proceeds will repay debts and for corporate purposes.

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Aamir Khan rents four apartments in Mumbai’s Pali Hill

Aamir Khan has secured a five-year lease for four luxury apartments in Mumbai's Pali Hill, costing Rs 24.5 lakh monthly with a Rs 1.47 crore deposit. The agreement includes a 5% annual rent increase and a 45-month lock-in period. This move coincides with the redevelopment plans for Khan's current residence, where he owns multiple apartments.

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Builders in Noida seek rehabilitation policy over Sports City impasse

Developers are urging the UP government to implement a rehabilitation policy for Sports City projects, similar to the one for stalled group housing, to resolve long-standing dues. They propose paying 25% of recalculated dues within 60 days and the rest over three years.

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Angel One Founder’s son sells apartment in Mumbai suburb for ₹52 crore

Vinay Thakkar, linked to Angel One's founder, sold a luxurious Andheri West apartment for ₹52.48 crore. The 3,891 sq ft property fetched ₹1.4 lakh per sq ft, marking a high-value transaction. This deal reflects the resilience of Mumbai's luxury market, driven by demand for premium homes and infrastructure upgrades, despite high interest rates.

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SC hearing next week, Sports City builders start repaying their dues

Noida Authority is recovering dues from developers of Sports City projects following High Court orders. Lotus Green Constructions paid ₹80 crore, with others expected to follow. Notices were issued to 62 developers for ₹11,000 crore in dues. The court has ordered CBI and ED investigations into irregularities, while developers have approached the Supreme Court.

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Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder

Yogayatan Group has emerged as the highest bidder for the debt-laden Lavasa Corporation, increasing its bid to Rs 795 crore. This surpasses Valor Estates' previous offer, although Valor has expressed interest in upping its bid. Lenders are navigating complexities including land titles and environmental concerns in this second attempt to resolve Lavasa's insolvency after a prior plan failed.

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