State Bank of India picks up 1.35 lakh sq ft office space in Navi Mumbai

The agreed rental stands at Rs 125.05 per sq ft per month, translating into a monthly outgo of over Rs 1.68 crore. The rent is inclusive of fit-outs, indicating that the space will be delivered in a ready-to-use format, reducing upfront capital expenditure and speeding up operational readiness.

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NBCC to move Supreme Court for RERA exemption to complete 11 cash-starved Supertech projects

State-owned NBCC will seek Supreme Court exemption from RERA registration for 11 of Supertech's 16 projects requiring fund infusion. The company plans to divert surplus cash and raise funds from financial institutions to complete the stalled housing projects, aiming for delivery within three years.

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SWAMIH Fund sanctions ₹115 crore for completion of Antriksh Valley project in Greater Noida West

The SWAMIH Investment Fund I has approved up to ₹115 crore for the stalled Antriksh Valley project in Greater Noida West. This funding will facilitate project completion, including a redesigned residential tower, after the new management cleared land dues and resolved homebuyer claims. The investment aims to restore homebuyer confidence in stalled housing projects.

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ED attaches ₹598-crore worth of assets in case against Ansal Properties

The Enforcement Directorate has attached land valued at Rs 598 crore in Agra. This action is part of a money laundering investigation targeting Ansal Properties and Infrastructure Ltd. The case involves significant irregularities in land acquisition and release in Gurugram, Haryana. The agency alleges a fraudulent process led to land being released to private developers.

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Mumbai affordability index at 50%; cluster redevelopment to unlock 800-1,000 acres: MHADA CEO

Mumbai is embracing large-scale cluster redevelopment to tackle housing challenges. MHADA plans to open vast land parcels for integrated projects. This strategy aims to create planned residential areas with better infrastructure. The goal is to deliver millions of affordable homes by 2030. This approach will generate significant housing stock for lower-income groups.

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NCLAT orders handover of maintenance of two Supertech housing projects to AoAs

The National Company Law Appellate Tribunal has ordered the handover of day-to-day maintenance at two Supertech housing projects. Residents' associations will now manage essential services at Ecociti and 34 Pavilion. This decision follows years of waiting for residents. The transfer must be completed within 30 days under supervision. This empowers apartment owners with control over their societies' upkeep.

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RLDA to lease out Bengaluru’s Yeshwantpur colony land for residential project

Rail Land Development Authority plans to lease railway land in Yeshwantpur for residential apartments. This 99-year lease aims to generate revenue and redevelop the existing railway colony. The project involves building private apartments alongside redeveloped staff quarters. Developers have until March 18 to submit bids. Separately, 169 trees will be felled at SMVT for a sick line project.

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Google expands Bengaluru footprint, secures rights to 2.6 million sq ft at Alembic City

Google is significantly expanding its presence in Bengaluru's Whitefield, securing rights to approximately 2.6 million square feet at Alembic City. This move highlights the tech giant's sustained commitment to the region, with the landlord obligated to reserve additional office blocks exclusively for Google.

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NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement

The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against realty firm Mahagun. This decision follows a settlement reached between Mahagun (India) and its financial creditor, IDBI Trusteeship, on February 12, 2026.

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Circle rates in Delhi to be revised to align with property market trends

The Rekha Gupta government is undertaking a comprehensive revision of property circle rates, the first in years, to align them with market trends. While premium areas see modest hikes, sharper increases are proposed in mid- and lower-segment zones where market values significantly exceed current rates. This recalibration aims to rationalize valuations and boost revenue collection.

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Real estate tribunal stays MahaRERA chairperson’s order

The Maharashtra Real Estate Appellate Tribunal has put a hold on a MahaRERA chairperson's order concerning a flat buyer's complaint. The tribunal also called for an investigation into the issuance of two different versions of the same order. This action follows an appeal against the chairperson's decision to set aside previous orders.

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Delhi RERA directs NBCC not to take coercive action against Rajeshwari Realty

The order was passed by a bench comprising Chairperson Anand Kumar and Member Devesh Singh. During the hearing, counsel for both sides informed the Authority that NBCC has already filed an appeal with REAT, but no stay has been granted to date. The appeal is listed for hearing on March 9, 2026.

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Maharashtra forms panel to examine TDR relief for properties facing redevelopment hurdles

Maharashtra government has formed a 12-member committee to re-survey river flood lines across the state, including Pune and Pimpri Chinchwad. The panel will review existing norms and suggest amendments to the UDCPR for TDR utilization on properties built before the 2009 flood line demarcation. This move aims to resolve redevelopment hurdles for numerous properties.

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Construction debris from 2,000 redevelopment projects in Mumbai ‘go missing’

A civic investigation revealed that construction debris from nearly 2,000 Mumbai redevelopment projects never reached designated disposal sites. Environmentalists suspect the waste was sold to the land mafia for encroaching on mangrove and wetland areas. The Brihanmumbai Municipal Corporation has now halted further construction permissions until developers contract with official recycling plants.

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Every land parcel in Delhi to geta 14-digit Aadhaar number

Delhi has launched Bhu Aadhaar, assigning a 14-digit Unique Land Parcel Identification Number (ULPIN) to every land parcel to modernize records and enhance accountability. This initiative aims to combat corruption and land disputes by creating a digital 'Aadhaar' for property ownership, ensuring greater transparency and streamlining transactions.

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NCLT appoints two-member committee to address grievances of Jaypee Infratech allottees

The NCLT Delhi has appointed an independent committee of experts to address homebuyers' grievances regarding Jaypee Infratech projects, now under Suraksha Realty. The committee will assess construction progress against the resolution plan and report on project status and any outstanding issues. This move aims to safeguard allottees' interests and ensure timely redressal of their concerns.

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Civil aviation ministry studying relaxation of height norms for real estate projects

The government is exploring relaxing building height limits to boost city development. This move aims to facilitate vertical growth as land becomes scarce. India's real estate market is projected for significant expansion. The civil aviation minister highlighted this potential. More airports are also planned, which will positively impact construction and housing sectors.

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DevX inks record coworking deal, takes 27-storey Ahmedabad office tower

Dev Accelerator has secured a massive 27-storey office tower in Ahmedabad. This deal, valued at over Rs 850 crore, is the largest coworking transaction in India. The agreement is structured as a development management deal. The project is currently under construction and will be ready in about 2.5 to three years.

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Maharashtra: NA tax finally abolished, to push redevelopment & regularisation of aging housing societies

Maharashtra has permanently abolished the annual non-agricultural (NA) tax, a move expected to accelerate redevelopment of housing societies. The reform eliminates the need for separate collector permissions for NA land use, replacing it with a one-time premium at the building-plan approval stage. This structural correction aims to boost real estate and industrial activities while enhancing transparency.

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Golden Glow Estates on radar in Haryana as project licence lapses and dues cross ₹52 crore

Haryana's DTCP has initiated action against Golden Glow Estates for a group housing project in Sector 68, Gurugram, whose development licence lapsed eight years ago. Over Rs 51.8 crore in external development charges remain pending. The developer faces proceedings for violating licence conditions and failing to submit mandatory documents.

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Maharaja of Tehri to sell 3.2 acre Delhi property for ₹1, 000 crore

A significant property deal is underway in New Delhi. Maharaja Manujendra Shah of Tehri Garhwal is selling his 3.2-acre Bhagwan Das Road bungalow for around ₹1,000 crore. The buyer is a local entrepreneur from the food and beverage sector. This businessman is also set to acquire Jawaharlal Nehru's former residence for over ₹1,100 crore. Both are high-value assets.

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Pristine Landmark inks pact to buy 4.2-acre land in Pune’s Vadgaon for ₹250 crore

Pristine Landmark Spaces LLP has made waves by securing a prime 4.2-acre site in Pune's Vadgaon Sheri for a hefty Rs 250 crore. The land was sold by the Kumar City Co-operative Housing Society Ltd. and Kumar Urban Development Private Ltd., marking a noteworthy trend in Vadgaon Sheri's real estate landscape.

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Gurugram's Ansal Heights families seek action against builder

Over 300 families in Gurgaon's Ansal Heights have appealed to DTCP, Haryana, after living in their homes for nearly a decade without a mandatory occupancy certificate. The developer promised the OC within six months of fit-out possession in 2015, but residents now face legal vulnerability and safety concerns due to the prolonged delay.

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Delhi court seeks police report on plea against promoters of '32nd Milestone' project

Delhi's court has instructed the local police to investigate allegations against those behind the 32nd Milestone project. Investors are claiming they've been defrauded, citing issues like fund misallocation and financial discrepancies. The complaint not only seeks the registration of a formal FIR but also calls for asset freezes and a forensic investigation into the matter.

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Bankruptcy court orders insolvency proceedings against Vatika

A Gurgaon real estate developer faces insolvency proceedings. The National Company Law Tribunal admitted the case after a default of Rs 274 crore. IDBI Trusteeship Services filed the application on behalf of debenture holders. The developer argued the default claim was premature as the redemption date was extended. The court has appointed an interim resolution professional to manage the process.

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Merely renting flat doesn't exclude homebuyer from consumer rights: SC

The Supreme Court has underscored that renting a residential flat does not disqualify buyers from being considered consumers. Builders are now obligated to demonstrate that a property was acquired with commercial intentions to negate consumer rights.

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SC rescues homebuyers of Supertech, upholds NCLAT order asking NBCC to take over stalled projects

The Supreme Court has directed NBCC to swiftly complete 16 Supertech housing projects. Financial and operational creditors will have their dues addressed after project completion. Tribunals and high courts are restrained from hindering this crucial work.

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Angel investor Radha Tanti buys ₹123-crore apartment in Mumbai’s Worli

Angel investor Radha Tanti has purchased a luxury apartment in Mumbai's Worli for Rs 123.5 crore. The 6,772 sq ft residence is located on the 44th floor of the Artesia tower. This high-value transaction highlights the continued strength of Mumbai's luxury housing market, driven by limited supply and strong buyer demand.

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Nexus Select Trust raises ₹7 billion via 10-year sustainability-linked bond

Nexus Select Trust has secured ₹7 billion from a 10-year sustainability-linked bond issuance. The International Finance Corporation is the anchor investor. This issuance will help refinance existing debt, leading to significant interest savings. The bonds are linked to ambitious sustainability targets, including net-zero emissions by 2030.

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CapitaLand India Trust raises ₹915 crore via maiden onshore bond; eyes 50% debt onshoring

CapitaLand India Trust has raised ₹915 crore in its first onshore bond issuance. This move aims to boost unit distributions and increase its India loan book to 40-50%. The company is expanding its office and data center portfolios. Upcoming projects include a new office space in Bengaluru and redevelopment in Hyderabad.

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Delhi court takes cognisance of cheating case against M3M India, summons promoters

A Delhi court has officially recognized the chargesheet against M3M India Pvt Ltd and its promoters, linked to allegations of land fraud with MGF Developments Ltd. This intricate case involves a disputed land exchange in Gurugram, highlighting competing ownership claims in Chauma village.

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SC seeks reply of Maharashtra govt, civic body on plea against HC order on slum rehabilitation

The Supreme Court is scrutinizing a Bombay High Court ruling that green-lights slum rehabilitation on land designated for parks and recreational areas. Critics contend that this encroachment jeopardizes Mumbai's precious open spaces. The High Court previously endorsed a regulation allowing such projects, provided a portion of the land is reinstated for public access.

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SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court has affirmed the initiation of insolvency proceedings against Bhasin Infotech and Grand Venezia. This ruling stands as a firm defense of the rights of both homebuyers and commercial investors, highlighting the developers' failure to deliver promised functional units and their misleading communications.

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Haryana affordable housing scheme stalled in NCR cities amid rising land, construction costs

Affordable housing initiatives in Gurugram and Faridabad are currently at a standstill. The surging costs associated with land and construction have made existing price structures impractical for developers to comply with. Meanwhile, residents eagerly anticipate new housing alternatives.

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Budget 2026: REIT push, land acquisition relief and city-led growth boost real estate sector

The Union Budget 2026-27 introduces key initiatives for real estate and construction. It plans to monetize central public sector enterprise assets through REITs. A scheme will enhance construction equipment manufacturing. Tax exemptions are provided for compulsory land acquisition. Urban development in Tier II and Tier III cities receives a significant boost.

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Budget 2026: Government to accelerate recycling of CPSE real estate assets through REITs

The Indian government will boost efforts to monetize real estate owned by public sector companies. This will be done using dedicated Real Estate Investment Trusts. This move aims to unlock value from public assets and generate revenue. It will also help channel institutional capital into infrastructure.

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