Adani Group wins lenders' nod for Jaiprakash Associate takeover

In a crucial turnaround for Jaiprakash Associates, Adani Group has clinched the majority support from lenders for a takeover offer worth Rs 14,535 crore, which brings an enticing upfront payment to the table. This strategic acquisition indicates a pivotal moment for Jaiprakash, which has been grappling with significant debt.

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IBBI moots resolution gains for all affected homebuyers

The insolvency watchdog has proposed extending resolution benefits to all homebuyers of bankrupt real estate developers, regardless of claim filing. This move aims to ensure fairness and parity for thousands of allottees. Stricter disclosures, safeguards for committees without financial institutions, and documented liquidation reasons are also suggested.

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Jaguar Land Rover leases 1.46 lakh sq ft space at Brigade Tech Gardens, Bengaluru

Jaguar Land Rover India has leased a significant office space in Bengaluru. This expansion at Brigade Tech Gardens marks a major deal driven by global capability centers. The automaker's presence in the city grows substantially. This move highlights the continued demand for specialized talent hubs in automotive research and development.

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Blackstone-backed REIT eyes Diamond Plaza mall buyout

Nexus Select Trust, backed by Blackstone, is in advanced talks to acquire Diamond Plaza mall in Dum Dum for an estimated Rs 450-600 crore. This potential acquisition follows the REIT's recent purchase of South City Mall for Rs 3,250 crore. The deal signifies Nexus Select Trust's continued expansion in India's retail real estate market, particularly in the eastern region.

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Mumbai: JVPD bungalows giving way to buildings as families grow & FSI up four times

Once a tranquil enclave for Bollywood stars, JVPD is now undergoing rapid redevelopment, transforming from low-rise bungalows to luxury high-rises. This shift, driven by rising property prices and changing family needs, has led to increased density, reduced open spaces, and strained infrastructure, raising concerns about the city's unsustainable future.

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Noida authority issues notice to ATS Homes for Sports City delay

Noida Authority has issued a notice to ATS Homes for lease violations and delays in the Sports City project. The developer owes Rs 2,746 crore in dues. Construction is incomplete, and sports facilities remain unbuilt. This action follows court directives and a CAG audit. ATS Homes disputes the Authority's claims, citing court orders.

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Noida authority seals three towers at Lotus Panache for ₹700 crore dues & illegal construction

Noida Authority has sealed three under-construction towers and ten commercial outlets at the Lotus Panache project. This action follows dues amounting to Rs 703 crore and illegal construction without approval. The developer, Granite Gate Properties Pvt Ltd, is undergoing insolvency proceedings. The Authority acted after the developer continued construction despite a public notice about pending dues.

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ED arrests ex-MD of Jaypee Infratech in ₹14,599 crore 'scam' case

In a significant move, the Enforcement Directorate apprehended Manoj Gaur, the former Managing Director of Jaypee Infratech, as part of a massive fraud investigation concerning ₹14,599 crore. This scandal involves the misuse of funds intended for housing projects, with allegations that home buyers' investments were misappropriated.

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Noida authority restores rehab policy benefits to Sikka Infrastructure cancelled over ₹252 crore dues

Noida Authority granted in-principle approval to Sikka Infrastructure for legacy stalled project benefits for its Sikka Karnam Greens project. This relief is contingent on the builder withdrawing a pending revision petition and fulfilling conditions, including providing unsold units as a financial guarantee to facilitate funding from the SWAMIH Investment Fund.

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Shriram Properties posts net profit of ₹8.57 crore in Q2 FY26

Shriram Properties has turned profitable, reporting a net profit of ₹8.57 crore for the quarter ending September 30, 2025. This marks a substantial improvement from a loss in the same period last year. The company saw a 47.65 percent increase in total income. Strong sales volumes and project additions are noted.

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Bombay HC restrains developer from making additions to Tardeo twin towers

The Bombay High Court has stopped developer S D Corporation from altering its Tardeo twin towers, 'The Imperial'. Residents sued, claiming the builder planned extra flats and buildings violating the original plan. The court ruled no changes can be made without resident consent. The builder cannot use increased buildable space from slum scheme delays to add more flats.

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Germany’s Bernhard Schulte buys six floors of office space in Mumbai

Global maritime major Bernhard Schulte Shipmanagement has acquired office space in Mumbai for over Rs 304 crore. This marks a significant acquisition by an international shipping group in India. The new office will serve as the company's India headquarters. It will consolidate ship-management, crewing, technical, and digital operations. The space is scheduled for completion by December 2027.

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Gera Developments plans ₹16,000 crore investment across child-centric and wellness-centric projects

Pune-based Gera Developments is set to invest ₹16,000 crore in new residential projects over the next few years. The company will equally fund its child-centric and newly launched wellness-centric housing segments. This expansion aims for a 50:50 portfolio split. Gera Developments prioritizes outright land purchases for greater control and financial stability.

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SC sets aside Bombay HC ruling & state’s move to classify numerous plots as ‘private forests’

The Supreme Court overturned a Bombay High Court ruling that allowed the Maharashtra government to classify private lands as "private forests," hindering development. The SC criticized the HC for ignoring binding precedents and procedural requirements, stating the judiciary's strength lies in discipline, not dominion. This decision allows over 14,000 hectares of land to re-enter the buildable pool.

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NCLAT set aside insolvency proceedings against Mahagun, asks NCLT to hear again

The National Company Law Appellate Tribunal has dismissed the insolvency proceedings against Mahagun. In its directive, the tribunal has instructed the National Company Law Tribunal to reassess the situation after reviewing a new status report and following Supreme Court guidance on project-specific insolvency issues.

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Mumbai: MMRDA invites bids to lease ₹1,629-crore Wadala plot

MMRDA has invited bids for a 10,860 sq m commercial plot in Wadala, with a reserve price of Rs 1,629 crore, aiming to monetize land outside the saturated Bandra-Kurla Complex. This move marks a significant step in developing Wadala as Mumbai's third central business district, boosting non-fare revenue for infrastructure projects.

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Case against real estate developer for ₹100 crore housing fraud in Mumbai

Authorities have taken decisive action, launching a case against a real estate developer and his partners over allegations of swindling 102 individuals out of Rs 100 crore. Reports indicate that money meant for the Sky 31 housing project in Wadala was misused for personal expenditures.

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Land acquisition for New Noida project to begin soon

Land acquisition for the upcoming industrial township, New Noida (DNGIR), is commencing with a hybrid model involving direct purchase, mutual consent, and land pooling. Noida Authority is finalizing compensation plans for farmers across 80 villages in Gautam Budh Nagar and Bulandshahr districts, with rates influenced by proximity to the airport and existing land values.

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Brookfield India REIT plans to acquire 7.7 million sq ft business park for over ₹13,000 crore

Brookfield India Real Estate Trust is on the verge of enhancing its business landscape with a notable asset acquisition in Bengaluru. By committing Rs 13,125 crore for 7.7 million square feet, BIRET is making its mark in a major office hub, amplifying its REIT size by more than a third.

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Qualcomm India leases 2.56 lakh sq ft office space in Bengaluru

Qualcomm India has leased a significant office space in Bengaluru. This expansion adds to the technology giant's growing presence in India. The new lease at Constellation Business Park is for five years. This move highlights the strong demand for large office spaces by tech firms in India. Qualcomm continues to invest in key tech hubs across the country.

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Maharashtra moves to make redevelopment projects more viable

In an effort to revitalize Mumbai, the Maharashtra government is initiating a series of amendments to the city's development regulations. This overhaul is designed to support MHADA in streamlining housing redevelopment projects, ultimately enhancing financial feasibility for builders. The proposal also includes extended benefits for tenants to ensure smooth rehousing.

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Builders snap up Linking Road societies in Mumbai, offer flat owners upto ₹1 lakh per sq ft

Linking Road in Mumbai is seeing builders offer huge sums to acquire entire housing societies. These deals are for redeveloping the prime location into malls and commercial spaces. Residents are accepting these offers to move out. This trend is transforming the area into a major retail hub. Property values are soaring due to high commercial FSI.

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