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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