If firm profits more from its scale, it has to bear more responsibility for environmental costs: SC

The Supreme Court has underscored the importance of environmental stewardship, imposing a hefty Rs 5 crore fine on a construction firm for breaching eco-friendly regulations. The court highlighted that larger corporations, which disproportionately benefit from their extensive operations, bear a heightened duty to mitigate their environmental impact.

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Uttar Pradesh draws up note on metropolitan corporation for Noida after SC order

The UP industries department has prepared a note for the state council of ministers on creating a metropolitan corporation in Noida, a move requiring legislative changes. This proposal stems from a Supreme Court order following a Special Investigation Team's report that criticized Noida Authority's functioning and recommended a more transparent, citizen-centric governance model.

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Haryana revenue department seeks pending PAN details in high-value property registrations

In a bid to streamline property transactions, Haryana officials are urging all individuals engaged in deals exceeding 30 lakh rupees to promptly provide their Permanent Account Number (PAN) details. This directive targets deals spanning from the fiscal years 2019-20 through 2024-25.

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ASK Property Fund pours ₹260 crore in Kreeva’s south Delhi luxury housing project

ASK Property Fund has invested Rs 260 crore in Kreeva, the real estate venture of Kanodia Group. Kreeva has acquired a prime land parcel in South Delhi for a luxury residential project. This development will offer spacious apartments in a market known for independent floors. ASK Property Fund sees significant opportunities in the NCR real estate market.

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Rising debt & sops may prompt Maharashtra government to increase RR rate this April

Property buyers in Pune may face higher costs soon. Government officials are considering a rise in Ready Reckoner rates from April. This move aims to address a growing revenue deficit and fund welfare schemes. Developers oppose the hike, citing strong property market performance. The decision will impact stamp duty and registration charges.

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Delhi: FIR over property fraud up to ₹200 crore in South Extension

Delhi Police is investigating a significant case linked to a prime real estate in South Extension. A businessman has accused the sellers of forgery and cheating, claiming the property, worth between 150 to 200 crore rupees, was fraudulently sold for just 41 crore rupees via a forged sale deed.

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Mindspace Business Parks REIT's NOI up 28.7% in Q3 FY26

Mindspace REIT has reported 28.7% year-on-year increase in net operating income for the third quarter of fiscal year 2026. This growth was driven by robust leasing activity and an improved occupancy rate. Mindspace REIT also declared a substantial distribution to its unit holders.

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What real estate stakeholders expect from Budget 2026

Real estate leaders are urging the government for key policy changes in the Union Budget 2026. They want measures to boost housing affordability and liquidity. Suggestions include reviving buyer incentives, easing GST, and increasing institutional capital. The sector aims to address rising costs and buyer preferences for sustained economic expansion.

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UP-RERA facilitates ₹2,040 crore relief for homebuyers, resolves over 11,300 cases in 2025

The Uttar Pradesh Real Estate Regulatory Authority has successfully secured ₹2,040 crore by addressing over 11,300 protracted disputes. Utilizing a blend of recovery tactics, friendly negotiations, and conflict-resolution techniques, the authority tackled numerous cases primarily focusing on delayed possession and refund issues.

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Morgan Stanley leases space at Brookfield’s Ecoworld for ₹23 crore annual rent

Morgan Stanley Advantage Services has secured a significant office space in Bengaluru's Ecoworld. The firm will occupy nearly 160,000 sq ft for five years. This expansion highlights Morgan Stanley's growing presence in India. The new office is expected to be operational by May. This move underscores the strong demand for premium office spaces in Bengaluru's Outer Ring Road corridor.

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DLF to enter senior living homes segment

DLF is set to launch a senior living housing project in Gurugram this quarter. The project has an estimated revenue potential of Rs 2,000 crore. This marks DLF's entry into the senior living segment. The company remains confident in meeting its annual sales target despite a recent dip in bookings.

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Income-tax search on Ahmedabad builders enters third day

Income tax officials continued their three-day search on two Ahmedabad real estate groups, targeting over 30 locations including corporate offices and residences. The operation, triggered by decoy buyers confirming cash transactions, has reportedly unearthed crores in undeclared business. Documents, digital data, and details of bank accounts and lockers are being scrutinized.

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We need a housing revolution: Niranjan Hiranandani, chairman, Naredco

Naredco has urged the government to lower income tax rates for individuals and partnerships. Proposals include increasing home loan interest deductions and reinstating the Income Tax Settlement Commission. These measures aim to revive the sector and address housing shortages ahead of the Union Budget 2026.

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SC issues notices to Haryana government, Mahira Buildwell over EWS flat 'fraud'

The Supreme Court has summoned responses from the Haryana government and Mahira Buildwell concerning allegations of cheating homebuyers in an affordable housing project under the Pradhan Mantri Awas Yojana. Homebuyers claim the developer used fraudulent means, including forged bank guarantees, and has completed minimal construction, siphoning off funds.

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SC sets aside HC order directing CBI probe into Ambience Mall project in Gurugram

The Supreme Court has nullified a High Court ruling that mandated a CBI probe into the land conversion for Ambience Mall in Gurugram. The apex court critiqued the High Court's reliance on unverified claims and acknowledged delays from the petitioners in filing their motions. It upheld the legality of the land de-licensing process.

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SC asks Delhi court to take cognisance of CBI chargesheets on builders-banks nexus

The Supreme Court has directed a special CBI court to review chargesheets within a fortnight. These documents shine a light on a troubling alliance between financial institutions and real estate developers, allegedly swindling homebuyers in the NCR.

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YEIDA to launch residential plots near Noida International airport

The Yamuna Expressway Industrial Development Authority (YEIDA) is launching a new residential plot scheme near the upcoming Noida International Airport in January. Offering 973 plots in various sizes across Sectors 15C, 18, and 24A, the scheme reserves a portion for farmers and industrialists. Successful applicants will be chosen via a lucky draw after depositing 10% of the plot cost.

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L&T Realty acquires land parcel in Mumbai’s Lower Parel for ₹448.6 crore

L&T Realty Developers has acquired a prime land parcel in Mumbai's Lower Parel-Elphinstone Road area. The deal was valued at Rs 448.6 crore. A portion of the payment includes cash and an area-sharing arrangement. L&T Realty plans to develop a 28-office floor tower on the site.

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Runwal Enterprises secures ₹5,000-crore cluster redevelopment in Marine Lines, Bandra

Both projects will be taken up under the cluster redevelopment framework under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR), which the state government has been actively promoting to accelerate large-scale urban renewal and infrastructure development.

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Lodha Developers net debt up ₹800 crore in Q3 FY26 due to land purchases

Lodha Developers saw its net debt climb 15 percent to Rs 6,170 crore. This increase stems from aggressive land acquisitions across Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru. The company is developing new housing projects with a total revenue potential of Rs 33,800 crore.

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Runwal Developers gets Sebi nod to float IPO

Runwal Developers plans to raise Rs 2,000 crore through its maiden public issue, comprising a fresh issue of shares worth Rs 1,700 crore and an offer for sale (OFS) of Rs 300 crore by promoter Sandeep Subhash Runwal, as per the draft red herring prospectus (DRHP).

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Delhi Police EOW books Suraksha Realty for funds 'diversion' on ED complaint

Delhi Police has filed a case against Suraksha Group for allegedly diverting over Rs 230 crore from Jaypee Infratech. These funds were meant for stalled homebuyers. The Enforcement Directorate shared evidence for this FIR. Suraksha Group recently took control of Jaypee Infratech after an NCLAT decision. The ED is investigating a large-scale fraud involving homebuyers' money.

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Homebuyers' maintenance societies, RWAs can't intervene in insolvency process of developer: SC

The Supreme Court has ruled that homebuyers' societies cannot intervene in the insolvency proceedings of a developer company. The court stated that these associations are formed for maintenance and management of common facilities. They lack the legal standing to participate in such insolvency cases.

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Kolkata: 10 New Town residential plots up for e-auction

The West Bengal government is boosting residential development in New Town by e-auctioning 10 large plots, totaling approximately 4.7 acres, on a freehold basis. These plots, ranging from 1,500 to 2,000 sq m, are located in Action Area II and will be auctioned next month. This initiative aims to further expand housing options within the planned township.

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Executive Centre India receives SEBI approval for ₹2,600-crore IPO

Executive Centre India has obtained SEBI's approval for its Initial Public Offering, setting the stage to raise ₹2,600 crore via fresh equity shares. The funds are earmarked for acquiring TEC locations in Singapore and Dubai, demonstrating a bold internal restructuring strategy.

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Noida authority keeps rehabilitation lifeline open for builders failing to clear 25% dues

Noida Authority will continue its rehabilitation policy for stalled real estate projects, extending benefits to developers who haven't yet deposited 25% of recalculated dues. This decision offers renewed hope to homebuyers, with non-compliant developers' cases to be reviewed individually by the board for any further concessions.

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Land crunch, competition drive strategic acquisitions via bankruptcy process

Companies are using the Insolvency and Bankruptcy Code to acquire prime urban land in India. This process offers clear titles and approvals, reducing risks for developers. Major conglomerates like Adani Enterprises are actively acquiring land banks through this route. Several high-profile transactions in Mumbai and other cities highlight this growing trend.

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Prestige Group's JV firm buys 16.38-acre land parcel in Chennai for ₹561 crore

Prestige Estates Projects Ltd has unveiled plans to acquire a sprawling 16.38-acre land in Padi, Chennai, with an investment of Rs 561 crore.

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Windsor Realty acquires four office units in Mumbai’s Santacruz tower for ₹283 crore

The acquisition involved the purchase of two commercial units from corporate entities including Prism Johnson Ltd and two from the developer's partner. The transactions effectively bring the entire asset under a single ownership, streamlining control and management of the property.

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CapitaLand sells Gurugram office asset to EAAA Alternatives for ₹2,050 crore

CapitaLand has sold a major Gurugram commercial property for ₹2,050 crore. This move is part of its strategy to free up capital and invest in new areas. The company previously sold other IT park assets. EAAA Alternatives, part of Edelweiss Group, made the acquisition. This deal highlights ongoing activity in India's real estate market.

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Sundaram-Clayton to sell 16.38 acres in Chennai to Prestige–Arihant JV for ₹560 crore

Sundaram-Clayton is selling a large land parcel in Chennai to Canopy Living LLP for Rs 560 crore. This move aims to unlock value by monetising non-core assets. The deal is expected to be completed soon. Canopy Living LLP plans to develop a major residential project on the land.

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Freehold conversion restart to spur Lutyens’ Delhi property deals

A Rs 1,100-crore-plus transaction of the first official residence of the country’s first prime minister Jawaharlal Nehru at 17 York Road (now Motilal Nehru Road) in the Lutyens’ Bungalow Zone is among the deals on hold because L&DO had paused the process of converting leasehold properties to freehold.

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Wipro leases over 1.45 lakh sq ft office space in Navi Mumbai’s Mindspace Airoli

Wipro has secured a large office space in Navi Mumbai's Mindspace Airoli East. The IT major will occupy 1.45 lakh sq ft on a long-term lease. This move highlights sustained demand for cost-efficient offices in peripheral business districts. The lease agreement includes a rent-free period for fit-outs. Rentals will escalate annually. This expansion reinforces Wipro's diversified office footprint.

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Ideal Cures’ promoters buy two apartments in Mumbai’s Worli for ₹190 crore

Promoters of Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two luxury apartments in Mumbai's Worli for over Rs 190.1 crore. The combined 12,114 sq ft deal, registered on December 24, includes 10 car parking spaces and reflects continued demand for large-format premium homes from business families.

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Runwal Enterprises acquires 200 acres in Alibaug for ₹20,000-crore township

Runwal Enterprises is developing a massive Rs 20,000 crore township in Alibaug. The 200-acre project will feature residential and commercial spaces, a five-star hotel, and a golf course. This large-scale development, planned over seven years, highlights Alibaug's growing appeal as a prime destination. The company is investing Rs 9,000 crore in this ambitious venture.

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After SC order, Noida authority gives conditional OC to Sports City

Noida Authority has issued a conditional occupancy certificate for the Sports City project in Sector 150. This follows a Supreme Court order allowing work to resume after a three-year halt. The decision brings relief to thousands of homebuyers. Lotus Greens will pay dues in installments. The project aims for completion within specified timelines.

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SC asks Uttar Pradesh government for Amrapali Group's files to speed up OC nods

The Supreme Court has directed UP authorities to expedite completion and occupancy certificates for Amrapali housing projects, waiving original developer document demands. This move aims to resolve stalled projects, with a committee formed to streamline the process and facilitate flat registries for thousands of homebuyers.

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Karnataka RERA to tell builders to specify exact parking slots on sale agreement

Karnataka Real Estate Regulatory Authority (K-Rera) has finally blinked and will soon make it mandatory for builders to mention parking spaces in allotment letters and agreements for sale — an issue long flagged by flat buyers who have been having parking space-related disputes with builders. With this, accessibility-related concerns and safety and usability issues are also being addressed.

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Alkem Laboratories' founder's parents buy penthouse for ₹63 crore in Bandra, Mumbai

Satish Kumar Singh and Premlata Singh, parents of Alkem Laboratories founder Sandeep Singh, have purchased a Rs 63 crore penthouse in Khar-Bandra. This 'villa in the sky' at S Raheja’s Evergreen tower boasts exclusive terraces and a double-height living room. The deal sets a new benchmark as the costliest non-sea-facing apartment in Bandra.

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Uttar Pradesh plans to offer up to 25% discount to clear 10,000 unsold flats in Ghaziabad

The Uttar Pradesh government is offering discounts of up to 25% to clear a backlog of nearly 10,000 unsold flats in Ghaziabad. New guidelines aim to standardize pricing and reduce costs, with additional rebates for prompt payments. Premium charges for desirable units have also been capped.

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