Haryana revises collector rates using data-driven framework

Haryana's collector rates have undergone fresh revisions, drawing insights from detailed property registry analyses. Rates for many real estate segments held steady, with only specific categories reflecting increases predicated on transaction value discrepancies. This strategic adjustment aims to enhance transparency and promote equitable property dealings in the region.

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IBBI suspends insolvency professional's registration for two years in Supertech case

The Insolvency and Bankruptcy Board of India (IBBI) has suspended insolvency professional Hitesh Goel for two years due to multiple lapses in handling Supertech Ltd and Nobility Estates insolvency proceedings. Goel failed to disclose key details in the Information Memorandum and delayed crucial meetings and filings, impacting thousands of homebuyers.

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Kirloskar Industries' realty arm raises ₹1,150 crore term loan from ICICI Bank

Avante Spaces, Kirloskar Industries' real estate arm, secured a Rs 1,150 crore term loan from ICICI Bank for a Grade A commercial development in Pune's Kothrud. This financing, structured over 44 months at 8% interest, underscores lender confidence in established urban locations and well-backed projects.

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ED attaches over ₹270-crore assets of former Lodha Developers director Rajendra Lodha

The Enforcement Directorate has confiscated properties worth over 270 crore rupees in connection to a high-profile money laundering case. Ex-Lodha Developers director, Rajendra Lodha, who was taken into custody earlier this year, stands accused of manipulating company resources through dubious land deals and unauthorized asset sales.

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Lulu Group arm buys Delhi's Sunder Nagar bungalow for ₹89.5 crore

Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International, has acquired a bungalow in Delhi's Sunder Nagar for Rs 89.5 crore. The transaction, which saw the firm pay Rs 6.26 crore in stamp duty, highlights Sunder Nagar's growing appeal to high-net-worth individuals seeking prime residential properties in Lutyens' Delhi.

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Banks can't claim priority over properties attached under PMLA: Bombay HC

The Bombay High Court ruled that the Prevention of Money Laundering Act (PMLA) takes precedence over bank recovery laws like SARFAESI and RDB Act. This decision clarifies that banks cannot automatically claim priority over properties attached by the Enforcement Directorate as proceeds of crime, reinforcing the state's authority to confiscate illicit assets.

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Meta's India arm renews Mumbai BKC office lease in over ₹200 crore rental deal

Facebook India Online Services, a Meta Platforms Inc. subsidiary, has renewed its office lease at Mumbai's One BKC. The company will pay over Rs 200 crore in rent for the next five years. This renewal highlights the continued demand for prime office spaces in Bandra-Kurla Complex. Established companies are choosing to keep their premium locations.

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Noida airport to spur real estate growth across NCR, boost demand along Yamuna Expressway

Prime Minister Narendra Modi inaugurated phase-I of the Noida International Airport at Jewar, a ₹11,200 crore project poised to reshape NCR's real estate. This development is expected to significantly boost connectivity across western Uttar Pradesh and NCR, driving demand across residential, commercial, and logistics segments, and attracting institutional investment.

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Residential encroachments of upto 500 sq ft to be regularised for free in Maharashtra except Mumbai

The Maharashtra government is taking a step towards stability by allowing the regularisation of residential encroachments up to 500 square feet, provided they existed before January 1, 2011. It's essential to note that Mumbai city, along with its suburbs, is excluded from this policy.

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UP-RERA amends regulations, allows complaints in unregistered projects; caps transfer charges

UP-RERA has introduced significant changes to its regulations effective March 25, 2026. Homebuyers in unregistered projects can now approach UP-RERA for grievance redressal. The authority will determine if registration was mandatory and take necessary action. Additionally, caps have been placed on administrative charges for property transfers. These amendments aim to enhance transparency and efficiency for consumers.

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Delhi Police EOW books entities of Gurugram-based Experion Developers for fraud

Delhi Police's Economic Offences Wing has filed an FIR against Experion Developers and Experion Capital for fraud, stemming from an ED investigation into Religare Finvest. The probe revealed the Singh brothers allegedly siphoned Rs 2,036 crore from RFL, with Rs 150 crore used to buy land in Gurugram.

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Godrej Industries arm buys office space worth ₹365 crore in Mumbai's Vikhroli

Godrej Seeds and Genetics Ltd has acquired three floors in Godrej One, Vikhroli, for Rs 366 crore. This intra-group consolidation of 70,361 sq ft of office space highlights a trend of corporates optimizing real estate for long-term efficiency. The deal underscores Vikhroli's growing prominence as a business hub.

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Punjab & Haryana HC clears way for FIR against Emaar India in property dispute

Punjab and Haryana HC has refused to quash an FIR against Emaar India Ltd, rejecting the real estate giant's plea. The company faces allegations of cheating, fraud, and criminal conspiracy for allegedly suppressing prior binding agreements over project land. The court found the allegations disclosed a prima facie case requiring investigation.

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Uttar Pradesh's state cabinet approves ordinance simplifying land-use conversion

Uttar Pradesh cabinet approved an ordinance simplifying land-use conversion, integrating it with building plan approvals to boost industrial growth. A policy to treat and reuse wastewater was also cleared, aiming to conserve drinking water resources. Additionally, funds were allocated for a 7km road for the Sambhal 24 Kosi Parikrama, easing devotee access.

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SWAMIH Investment Fund II in process of being formally launched: Finance minister

The SWAMIH Investment Fund II is set to launch, aiming to help homebuyers with stuck investments. The SWAMIH Fund has already committed to 148 projects, delivering over 63,000 homes. This initiative, established in November 2019, provides crucial debt financing to revive stalled affordable and mid-income housing projects across India. It acts as a vital support for developers facing difficulties.

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Telangana government amends building rules, expands TDR use

Telangana government has amended building rules, streamlining TDR usage and relaxing parameters to boost real estate. High-rise definitions are updated, and TDR can now be used for setback relaxations and to offset development charges for altered master plan roads. These changes aim to provide greater flexibility and financial ease for developers.

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ED flags Indians buying Dubai properties using credit cards

Indian authorities are scrutinizing residents who bought Dubai properties using credit cards. This method may breach foreign exchange rules. Individuals are receiving notices from the Enforcement Directorate. They face penalties and the need to regularize transactions. Some may have to sell properties. This situation highlights the complexities of cross-border property investments.

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Vedanta moves NCLAT, challenges NCLT nod to Adani's bid for acquiring Jaiprakash Associates

Vedanta Group has appealed to the NCLAT against the NCLT's decision. The NCLT had approved Adani Group's bid to acquire Jaiprakash Associates Ltd. Vedanta was also in the race to acquire the company. The Committee of Creditors had previously approved Adani's plan. Jaiprakash Associates has significant assets across real estate, cement, and hospitality.

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Goldman Sachs, ICICI Pru MF buy DLF shares worth ₹231 crore via block deals

Goldman Sachs and ICICI Prudential Mutual Fund collectively invested Rs 231 crore in DLF through block deals, acquiring shares at Rs 531.7 apiece. This comes as DLF shares have underperformed, sliding 22% over the past year, mirroring the broader realty sector's downturn. Despite a dip in quarterly sales bookings, the company reported strong cash generation and achieved zero gross debt.

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Paranjape Schemes to invest ₹700 crore to develop residential projects in Pune

Paranjape Schemes Construction is set to invest ₹700 crore in developing five residential towers across Pune's western corridor, specifically Sinhgad Road, Bhugaon, and Hinjewadi Phase 1. These projects, offering over 1.75 million sq ft and approximately 1,400 units, are projected to generate ₹1,175 crore in revenue. The company is also advancing three large integrated townships.

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UP-RERA penalises three projects ₹5 lakh each for promoting unregistered developments

UP-RERA has fined three real estate projects ₹5 lakh each for promoting and selling units without mandatory RERA registration. The authority found 'Estate 105', 'Sobha Rivana', and 'Avikalp Estate' in violation of the Real Estate (Regulation and Development) Act, 2016. This action underscores RERA's commitment to curbing unauthorized promotions and safeguarding homebuyer interests.

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Gulshan Group to invest about ₹3,300 crore to develop five projects in NCR

Gulshan Group plans a ₹3,300 crore investment in five NCR projects for FY26-27, including a Taj-branded hotel and serviced apartments in Noida. This strategic move targets both luxury and mid-income housing, responding to Noida's maturing premium market and demand for quality hospitality.

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NCLT approves Adani Group ₹14,535 crore bid to acquire bankrupt Jaiprakash Associates

The National Company Law Tribunal has green-lighted Adani Enterprises' acquisition of Jaiprakash Associates with a deal worth Rs 14,535 crore. With this bid, Adani Enterprises emerged as the leading contender for the struggling infrastructure firm, which holds a valuable portfolio that spans real estate, cement, and hospitality sectors.

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RSVM Hospitality buys 18.6-acre land parcel in Thane for ₹498 crore

RSVM Hospitality has secured a significant land deal in Thane. The company acquired over 18.6 acres for more than Rs 498 crore from Neterwala Group entities. This large transaction occurred in Majiwada, Thane district. Such acquisitions are fueling future residential and mixed-use developments in the Mumbai Metropolitan Region. Thane's real estate market is experiencing strong growth.

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ED raids residential, office premises of Mantri Developers, directors in Bengaluru

The Enforcement Directorate (ED) on Monday carried out search operations at the residential and office premises of real estate firm Mantri Developers Private Limited and its directors in Bengaluru in connection with a money laundering investigation, officials said.

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SC gives final opportunity to Noida authority to comply with orders on stalled sports city project

The Supreme Court has stepped in to give Noida Authority one last chance to comply with its established orders regarding the halted Noida Sports City initiatives. Following a construction freeze that took effect in January 2021, the court's recent rulings had already signaled a pathway for reconstruction.

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EOW arrests builder in ₹116 crore Chandigarh Smart City funds scam

Chandigarh Police arrested realtor Vikram Wadhwa in connection with an alleged Rs 116.84 crore scam involving Chandigarh Smart City funds. Wadhwa reportedly colluded with a former IDFC First Bank manager to divert funds through shell companies and invest in real estate. Three other accused were also brought from jail for interrogation.

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Scheme to incubate eight new cities cannot be implemented: Housing ministry

The government has decided to abandon its plan for the development of eight new cities, explaining that inadequate planning frameworks rendered the Rs 8,000 crore grant from the 15th Finance Commission unusable. With a keen eye on effective fund management, the ministry has opted to reallocate the budget towards bolstering seven established city economic zones, aiming for more sustainable growth.

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Brookfield India REIT plans ₹4,000 crore institutional placement; Ecoworld SPV to raise ₹1,125 crore from 360 ONE fund

Brookfield India REIT is preparing to raise ₹4,000 crore through institutional placements. Arliga Ecoworld Business Parks, its subsidiary, is anticipated to fetch ₹1,125 crore from the 360 ONE WAM funds. These funds will not only aid in acquisitions and debt repayments but also enhance capital expenditures to drive future growth initiatives.

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Builders-banks nexus: SC pulls up CBI for probe, says homebuyers agony can't be prolonged

The Supreme Court has expressed strong displeasure with the CBI's investigation into a nexus between banks and developers. This alleged collusion has defrauded numerous homebuyers across India. The court emphasized that delays in the probe only increase the suffering of flat buyers. It has directed the CBI to expedite all cases and convert preliminary inquiries into regular ones.

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Ownership check must before property registration in Uttar Pradesh

Uttar Pradesh's Cabinet has approved mandatory checks of property ownership details before registration to prevent the sale of fake or disputed land. New rules will empower sub-registrars to refuse registration if ownership documents are incomplete, aiming to curb fraudulent property deals and prolonged litigation.

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Uttar Pradesh cabinet approves affordable housing policy

Uttar Pradesh's state cabinet approved a new policy for affordable housing under Pradhan Mantri Awas Yojana-Urban 2.0, offering financial aid to middle and economically weaker sections. Developers will receive exemptions, and beneficiaries get stamp duty relaxation. The policy also includes rental housing for urban poor and specific worker groups.

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Cops submit second chargesheet against Radius Estates' promoter in Yes Bank cheating case

Builder Sanjay Chhabria, promoter of Radius Estates, faces a chargesheet for allegedly cheating Yes Bank of Rs 30.39 crore. Funds from a Rs 50-crore overdraft facility for a Mhada redevelopment project were diverted to related entities to repay unsecured loans and interest, violating loan conditions.

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Truhome Finance files ₹3,000-crore IPO papers

Truhome Finance, backed by Warburg Pincus, is launching an IPO to raise Rs 3,000 crore. The housing finance company plans to use the funds to strengthen its capital base for future lending and meet regulatory requirements. This move signals significant growth plans for the affordable housing sector. The IPO includes a fresh issue and an offer for sale.

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Lucky numbers and collusion: how an Indian cement cartel came unstuck

India's largest oil explorer, ONGC, uncovered a decade-long cement price-fixing cartel involving Dalmia Bharat, India Cements, and Shree Digvijay. The companies allegedly colluded on bids, even citing numerology for identical pricing, and attempted to oust foreign competitors. A five-year probe by the CCI found substantial evidence of these anti-competitive practices.

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BMC approves empanelment of geotechnical experts to scrutinise foundations of high-rise buildings in Mumbai

Mumbai's municipal body has mandated independent geotechnical expert scrutiny for high-rise building foundations, a first in Asia. This new norm requires mandatory clearance from the High-Rise Committee for buildings over 180m, ensuring stringent safety standards for deep excavations and complex foundation systems. The move aims to mitigate risks associated with dense urban construction and prevent structural failures.

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Centre launches ₹33,500 crore Delhi infrastructure push, including housing and metro projects

Prime minister Narendra Modi launched development projects valued at approximately ₹33,500 crore in Delhi. These initiatives encompass metro expansion, government housing redevelopment, and urban infrastructure enhancements. Newly constructed government flats and office spaces were inaugurated. Foundation stones were laid for more GPRA flats and commercial office towers.

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ED attaches Delhi-based TDI Infrastructure's assets worth over ₹200 crore

The Enforcement Directorate has recently frozen assets worth upwards of Rs 200 crore belonging to TDI Infrastructure Limited amidst allegations of money laundering. This investigation stems from charges of deception against homebuyers, with reports highlighting the company's long-standing failure to provide the flats and units they were promised.

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Maharashtra's debt pressure may trigger over 5% hike in RR rates from April 2026

Maharashtra government may revise ready reckoner (RR) rates by over 5% from April due to mounting fiscal pressure and a rising debt burden. Officials indicated a revision is imminent, with the final decision pending on funding needs for infrastructure and welfare schemes. Despite developers urging against a hike, citing market stability, the state faces a significant revenue deficit.

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SC orders CBI inquiry into DLF's housing project in Gurugram

The Supreme Court has directed the CBI to conduct an inquiry into issues related to the ‘The Primus’ housing project in New Gurgaon, with findings to be submitted by April 25, 2026.

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Embassy REIT acquires 0.3 million sq ft office space in Bengaluru for ₹852 crore

Embassy Office Parks REIT has bought a Bengaluru office property for ₹852 crore. The deal involved acquiring Eleanor Realty Holdings India, which owns the Pinehurst building. This grade-A office space is fully leased to a global investment firm. The transaction was completed at a discount to independent valuations. PwC and Trilegal provided advisory services for the deal.

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Godrej Properties acquires 11 acre land in Gurugram; wins bid for five-acre land in Kolkata

Godrej Properties has secured land in Gurugram and Kolkata for new residential projects. The Gurugram acquisition spans 11.36 acres and is projected to generate over ₹4,500 crore in revenue. In Kolkata, a five-acre parcel off EM Bypass is set for premium residential development with an estimated revenue potential of ₹1,650 crore.

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Land to be acquired for 24-metre roads in private colonies, developers to pay cost in Gurugram

Haryana government will acquire land for 24-metre roads in city colonies. Builders will bear the acquisition and development costs. This move aims to resolve long-standing issues of narrow access roads. The plan is set for implementation in 2026-27. Residents welcome the intervention, anticipating improved connectivity and structured development.

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Mumbai: BMC House seeks property tax relief for 700 sq ft homes

Mumbai's civic body has passed a motion to raise the property tax exemption for residential units from 500 to 700 sqft. This move aims to ease the financial burden on middle-class families, particularly those in redeveloped slum properties. While the proposal requires administrative approval, it reflects a key election promise to retain original Mumbaikars in the city.

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Vipul's CEO arrested for duping lawyers of ₹6 crore in Gurugram

Gurugram police have arrested Puneet Beriwala, CEO of Vipul Limited, for allegedly duping lawyers of Rs 6 crore. Beriwala promised high returns on an investment in a real estate project but failed to deliver. He has been sent to two-day police custody for further investigation.

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