DLF Cyber City Developers raises ₹1,100 crore through NCDs

DLF's rental arm, DCCDL, successfully raised Rs 1,100 crore through a private placement of non-convertible debentures at a 6.91% coupon rate. This funding comes as the joint venture, which holds 44 million sq ft of commercial spaces, reported a 26% increase in net profit to Rs 593 crore in the June quarter.

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Sahara firm seeks SC nod for sale of group's assets to Adani properties

Sahara India Commercial Corporation Ltd (SICCL) has sought Supreme Court approval to sell major properties, including Amby Valley, to Adani Properties Private Limited. This crucial step aims to expedite asset liquidation and repay investors, particularly following the death of Sahara chief Subrata Roy.

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Supreme Court allows conditional OCs for over 450 flats in Noida Sports City

The Supreme Court has directed Noida Authority to issue conditional occupancy certificates for six residential towers in Sector 150's Godrej Nest project, offering partial relief to over 450 families. This order, following a developer's petition, is subject to ongoing legal outcomes and the completion of promised facilities, explicitly not setting a precedent for other Sports City projects.

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CBI crackdown on builders, officials of financial institutions nexus

The CBI conducted searches at 12 locations across Kolkata, Bengaluru, and Mumbai, registering six fresh cases against builders and financial institution officials. This action, directed by the Supreme Court, targets alleged cheating and defrauding of homebuyers through 'Subvention Schemes'. Incriminating documents and digital evidence were seized during the ongoing searches.

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No occupancy certificate needed for buildings above 1,200 sq ft in Bengaluru

However, the Advocate General has clarified that not all large buildings can be exempted; the government has powers to selectively grant relief after verification.

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Allahabad HC to reopen ₹295 crore land payout case after Supreme Court order

The Allahabad High Court will re-examine the Rs 295-crore Reddy Veeranna land compensation case following a Supreme Court ruling that deemed the original payout fraudulent. Veeranna allegedly misled courts to secure enhanced compensation for land in Noida's Sector 18, now the site of DLF's Mall of India. The rehearing will determine the rightful compensation share among the original co-owners.

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Gentex Merchants buys Lutyens’ bungalow for ₹310 crore

Gentex Merchants Pvt Ltd, linked to Lakshmi Mittal, acquired a 3,540 square yard bungalow on APJ Abdul Kalam Road in Delhi's Lutyens’ Bungalow Zone for Rs 310 crore. The property was previously owned by Yashwant Singh, who recently purchased a bungalow in Golf Links. This transaction highlights the continued demand for high-value properties in India's most prestigious neighborhood.

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Approve layouts, HC tells Noida, allows Delhi One work to resume after decade

The Allahabad High Court has provided a significant boost to the stalled Delhi One project by directing the Noida Authority to approve building plans for Max Estates Limited. This decision comes after Max Estates agreed to deposit 50% of the disputed Rs 67 crore in CIC/CIS charges.

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SC allows CBI to register six more cases in builder-bank 'nexus'

The Supreme Court has permitted the CBI to file six new cases investigating the alleged collusion between banks and developers, which defrauded homebuyers in real estate projects across Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj.

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Singapore-based Keppel set to divest Chennai’s One Paramount office park for ₹2,750 crore

Keppel is divesting its One Paramount office park in Chennai to Prime Offices Fund for ₹2,750 crore, highlighting strong investor confidence in India's office market. The 2.4 million sq ft tech park, housing major tenants, promises attractive rental yields. This deal follows Prime Offices Fund's other acquisitions, expanding its portfolio across key Indian cities.

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Amid misleading ads by builders, government asks states, RERAs to take action

The Centre has directed states and RERAs to curb misleading advertisements by builders using government-style terminology, aiming to protect homebuyers from deception. This action follows discussions at a RERA Central Advisory Council meeting, where concerns were raised about undisclosed publishers and promoters bypassing mandatory disclosure norms. The ministry is urging states to submit reports and address data mismatches across platforms.

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Enforcement directorate searches premises linked to Imperial Group in Himachal, Delhi

The Enforcement Directorate (ED) in Shimla has conducted searches at six locations in Himachal Pradesh and Delhi, targeting the Imperial Group and its chairman, Manavinder Singh, along with his wife and associates. This action, under FEMA, 1999, is in response to allegations of undisclosed foreign assets and investments exceeding Rs 80 crore.

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Maharashtra may soon get independent authority to oversee redevelopment projects

Maharashtra's housing department is nearing a decision on establishing an independent authority, mirroring MahaRERA, to oversee redevelopment projects. This move addresses the growing demand for a transparent and accountable framework, fueled by increasing redevelopment initiatives. The proposed authority aims to standardize processes, resolve disputes, and ensure financial facilitation, ultimately protecting the interests of housing society members.

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Emaar Properties not to sell stake in Indian entity, may form JV with big firms

Dubai-based Emaar Properties has announced it will not sell stakes in its Indian entity, Emaar India. Instead, the company is exploring a potential joint venture with major Indian business houses, including the Adani Group. Emaar entered the Indian market in 2005 and later decided to end its joint venture with MGF Development in 2016.

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Hero Realty buys 8.71 acres of land in Mohali for ₹262.75 crore

Hero Realty, through Vikas Parks Pvt. Ltd., has acquired 8.71 acres in Mohali's Sector 99 for Rs 262.75 crore via GMADA auction, planning a new residential project. Building on the success of its Hero Homes project in Sector 88 Mohali, the company aims to strengthen its presence in the Tricity market.

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Former director of Lodha Developers arrested in fraud case

Rajendra Lodha, a former director of Lodha Developers Ltd, was arrested for allegedly defrauding the company of Rs 85 crore. He misused his position through fraudulent land deals and selling company land at deflated prices. The company stated Lodha resigned on August 17, 2025, after an ethics review and maintains a zero-tolerance policy towards misconduct.

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SC to hear pleas for review of verdict on grant of environmental clearances to projects

The Supreme Court is set to review petitions challenging its May verdict that prohibited retrospective environmental clearances. Numerous firms, including PSU Steel Authority of India Ltd, are seeking modifications or clarifications. The court has issued notices and scheduled a hearing for October 7, emphasizing the importance of upholding environmental protection and addressing violations.

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Raheja Universal buys back headquarter for ₹211 crore

Raheja Universal has reacquired its former corporate headquarters, Raheja Centre-Point, for ₹211 crore. The five-story commercial building, originally developed by Raheja Universal in 2004, was sold to HDFC in 2020 as part of a portfolio realignment. Following HDFC's merger with HDFC Bank, Raheja Universal successfully bid to buy back the property.

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NBCC seeks nod to demolish six more unsafe towers at Green View in Gurugram

NBCC India Limited seeks permission to demolish more unsafe towers at Green View housing project in Gurugram. The company already razed part of the complex deemed uninhabitable in 2022. They are awaiting DTCP approval to demolish towers A, B, C, D, EWS blocks, a school, shopping complex and an underground tank.

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Speculative realty investors are like slow poison, they jeopardise genuine buyers: SC

The Supreme Court has cautioned against the misuse of insolvency proceedings in the real estate sector by speculative investors, who prioritize profit over genuine homeownership. The court noted these investors act as a 'slow poison,' jeopardizing the interests of genuine homebuyers.

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SC calls for IBC overhaul, seeks revival fund for stressed real estate projects

The Supreme Court proposed significant reforms to the Insolvency and Bankruptcy Code to restore faith in the regulatory framework. It urged the government to establish a revival fund for stressed real estate projects and emphasized that housing is a fundamental right.

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No government nod, 32 flats razed by Gurugram civic body

Gurugram authorities cracked down on illegal construction in Anamika Enclave, Sector 14, demolishing and sealing 32 unauthorized flats. The buildings lacked mandatory map approval from MCG and fire safety NOCs, including essential fire escape doors. MCG officials emphasized their commitment to preventing illegal construction, highlighting the strain it places on city infrastructure and services.

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Noida authority to raze 60 buildings with flats sold for up to ₹65 lakh

Noida Authority initiated a demolition drive in Salarpur Khadar village, targeting approximately 60 illegally constructed buildings erected by 39 developers on 24 plots. While some demolitions were halted due to court stay orders, authorities razed structures on three plots and are preparing actions against developers under land mafia law.

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Amazon leases 2.2 lakh sq ft office space in Chennai

Amazon Development Centre India has leased 220,000 sq ft from WeWork in Chennai, marking the largest office transaction in the city this year. The 40-month lease will accommodate over 3,500 work units, highlighting Amazon's expansion in southern India and the growing demand for flexible workspaces. This deal positions Chennai as a key real estate market alongside Bengaluru and Hyderabad.

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Mumbai: MMRDA to auction plots in Wadala central business district

MMRDA is set to auction plots in Wadala, Mumbai's third CBD, within the next two months, following the successful sale of its BKC land bank. This development, included in the MMR's economic master plan, aims to capitalize on Wadala's strategic location and connectivity via Eastern Freeway, Atal Setu, and various transit lines.

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REITs top ₹1.5 lakh crore m-cap; distributions up 13.7% in Q1 FY26 as investor base broadens

India's listed REITs have surpassed ₹1.5 lakh crore in market capitalization, distributing over ₹24,300 crore to unitholders since inception. Policy reforms are enhancing market accessibility, while the industry anticipates further measures to unlock passive flows. Despite global uncertainties, the sector remains optimistic, driven by GCCs and domestic enterprises, with a balanced supply-demand dynamic.

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CCI dismisses complaint against Emaar India over Marbella villa project

The Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd. regarding its "Marbella" villa project in Gurugram. The complaint alleged abuse of dominance and anti-competitive practices due to the construction of builder floors, which the complainant claimed violated commitments of an exclusive villa community.

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Housing ministry launches unified RERA portal

The unified RERA portal was launched by the Union Minister of Housing & Urban Affairs, aiming to enhance transparency and facilitate best practice sharing among States/UTs. The council emphasized building a unified nationwide database for real estate projects and urged states to adopt recommendations for stalled projects. They also recommended SoPs to strengthen RERA's functioning and ensure order enforcement.

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SC mulls panel to oversee co-developer for Supertech Realtors projects

The Supreme Court is considering forming a committee to oversee bidding and co-developer selection for Supertech Realtors' stalled Supernova project, aiming to protect homebuyers' interests. The court has paused the process, urging transparency and inviting stakeholder suggestions. This move follows insolvency proceedings against Supertech Realtors, with the court emphasizing the need to resolve issues faced by homebuyers.

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GST council approves two-tier tax structure; to be implemented from September 22

The GST Council has approved a significant overhaul of the Goods and Services Tax regime, reducing tax rates on numerous common use items and simplifying the tax structure to boost domestic spending. Effective September 22nd, the new rates will primarily consist of 5% and 18% slabs, with a special 40% slab for select luxury items.

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Jawaharlal Nehru's first official residence sold for ₹1,100 crore

Jawaharlal Nehru's former residence on Motilal Nehru Marg is poised for a record-breaking sale. A businessman prominent in the beverage industry is reportedly acquiring the 14,973 square-meter property for approximately ₹1,100 crore. The property, owned by Raj Kumari Kackar and Bina Rani of a Rajasthani royal family, is undergoing due diligence, signaling the deal's final stages.

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Apple leases 64,000 sq ft space at WaveRock in Hyderabad

Apple India is growing in Hyderabad. It has leased more office space in WaveRock. The new lease starts in July 2025. Apple will pay monthly rent for the space. This expansion shows Apple's focus on India. Hyderabad is important for Apple's technology work. WaveRock is a popular place for big companies. Apple's move strengthens its presence in India.

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