NCLAT offers Supreme Housing final chance to settle Canara Bank dues

Supreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has ordered a deposit of ₹460 crore by June 13. This is the third chance for the company to resolve its financial obligations. Failure to meet this deadline will allow the insolvency process to proceed.

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Airbnb leases 46,437 sq ft office space in Gurugram’s DLF Cyber City

Airbnb Global Capability Center has leased 46,437 sq ft office space in DLF Cyber City, Gurugram, from DLF Cyber City Developers for a five-year term, according to lease documents accessed through Propstack. The company will pay a monthly rent of about Rs 61.53 lakh for the office space.

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ED attaches ₹634-crore assets in money laundering case against Unitech realty project

The Enforcement Directorate has attached assets worth Rs 634 crore belonging to Unitech Group's Noida project. This action is part of a money laundering investigation. The probe is linked to alleged fraud involving homebuyers' funds. The attached properties include land and equity. This development follows earlier attachments and chargesheets filed by the agency.

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Hyderabad's Raidurg area witnesses a record-breaking land auction as one acre fetches ₹237 crore

Hyderabad's Raidurg witnessed a record-breaking land auction as one acre fetched Rs 237 crore, significantly surpassing previous benchmarks. Gowra Ventures Pvt Ltd secured the 6.29-acre parcel for IT and mixed development. This phenomenal price, 70% over the reserve, underscores investor confidence in Telangana's burgeoning economic landscape and Hyderabad's prime real estate appeal.

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Mumbai developer accuses former partner of cheating him out of ₹11.51 crore

A Mumbai developer has accused his former partner of cheating him out of Rs 11.51 crore by allegedly concealing the prior sale of 19 flats in a Bandra East slum rehabilitation project. The Economic Offences Wing has registered an FIR for cheating, forgery, and breach of trust against the accused, who is alleged to have diverted sale proceeds.

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LIC to explore option of separate real estate subsidiary

LIC is actively reviewing its vast real estate portfolio, estimated at over Rs 60,000 crore, to improve returns for policyholders and shareholders. The insurer is exploring options like a separate subsidiary for greater efficiency in managing these assets. Additionally, LIC is prepared for further stake dilution by the government, awaiting the right market conditions for subsequent public offerings.

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SC seeks responses of Centre, ED, RBI on plea alleging siphoning of homebuyers' funds

The Supreme Court has issued notices to the Centre, ED, RBI, and several real estate firms regarding allegations of siphoning off thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. The plea highlights a systemic issue of developers diverting funds, leading to project insolvency and buyers being left stranded.

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Pune police register FIR against Runwal Group's MD

Pune Police have registered a case against Runwal Group MD Subodh Runwal and six others following a court order concerning a land dispute in Viman Nagar. The FIR alleges forged documents and illegal transfer of rights over a 3.93-hectare land parcel, stemming from a joint venture agreement.

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Small residential buildings in Delhi seeking regularisation will no longer need physical inspection

The Municipal Corporation of Delhi has eased building regularisation for residential properties up to 105 square metres. Owners now submit an architect-certified undertaking online instead of requiring a physical inspection. This aims to streamline approvals, cut delays, and boost civic revenue, making services more accessible for citizens.

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Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAI

Construction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices are impacting builders. Executives note challenges in material availability, stressing project timelines. The organized sector is better equipped to handle these pressures. Developers are seeking RERA timeline relief. Technology adoption is being explored to mitigate labor shortages.

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Spouse’s name on property papers not enough to tax sale proceeds: ITAT

The Income Tax Appellate Tribunal ruled that adding a spouse's name to property for convenience doesn't automatically make them liable for entire sale proceeds. The tribunal directed tax officers to verify if the husband was the sole funder and owner, and if capital gains were already taxed in his return, offering relief to a Mumbai taxpayer.

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Five listed REITs distribute ₹2,566 crore to unitholders in Q4 FY26

India’s five listed REITs distributed over ₹2,566 crore to more than 4.25 lakh unitholders in Q4 FY26. For FY26, cumulative distributions stood at over ₹8,900 crore, while the sector’s gross asset value crossed ₹2.72 lakh crore.

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Knowledge Realty Trust to invest ₹700 crore to build 1.4 million sq ft office space in Bengaluru

Knowledge Realty Trust (KRT) plans to invest Rs 700 crore over three years to develop 1.4 million sq ft of office space in Bengaluru. The REIT, sponsored by Sattva Group and Blackstone, is also seeking acquisitions for inorganic growth. KRT anticipates continued strong performance in FY27, driven by demand from Global Capability Centres.

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ED arrests Punjab real estate businessman in land fraud case

The Enforcement Directorate has arrested real estate businessman Ajay Sehgal in a money laundering probe linked to alleged fake consent letters for Punjab government's Change of Land Use (CLU). Sehgal, Secretary of ICHBS, is accused of forging signatures for the Suntec City project and other developments, with sales exceeding Rs 200 crore. Investigations into other officials are ongoing.

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HDFC Bank backs Hyderabad luxury housing project with ₹300 crore

HDFC Bank has provided Rs 300 crore in funding for a Rs 2,000 crore ultra-luxury residential project in Hyderabad's Kokapet. This investment highlights a trend of developers seeking structured financing amid moderating sales and strong demand for premium homes, with Hyderabad leading southern India's luxury market.

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Wipro founder Azim Premji’s son buys Rs 45.7 crore Bengaluru home

Tariq Premji, the son of Wipro's iconic founder Azim Premji, has made waves in the real estate world by securing a stunning duplex penthouse in central Bengaluru for Rs 45.7 crore.

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ICICI Prudential AMC buys Mumbai’s VIOS Tower office for ₹525 crore

ICICI Prudential AMC has acquired nine floors in Mumbai's VIOS Tower for over Rs 525 crore through its office yield fund. This acquisition, totaling over 3 lakh sq ft of pre-leased office space, marks the fund's seventh commercial asset purchase, reinforcing its focus on income-yielding real estate.

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UP-RERA asks banks to enforce revised norms for real estate project accounts

UP-RERA has asked banks and financial institutions to follow revised operational guidelines for RERA-registered project accounts, including a mandatory three-account system, restrictions on liens, tighter withdrawal norms and quarterly disclosures of project finance. The authority said the guidelines are aimed at preventing diversion of homebuyer funds and improving monitoring of real estate projects.

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India’s real estate sector may need ₹50 lakh crore capital by 2036: Report

India’s real estate sector may require nearly ₹50 lakh crore of capital over the next decade to support growth, according to an Anarock Capital report. While funding channels have diversified through banks, AIFs, REITs, private credit and government-backed vehicles, affordable housing remains underfunded, with over 4.5 lakh stalled affordable and mid-income homes needing about ₹55,000 crore of support.

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Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment projects

Leading real estate firms are vying to redevelop three large housing colonies in Mumbai. These projects span prime areas like Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority is overseeing the process. This initiative aims to upgrade living standards for residents in older colonies. It promises modern housing and improved urban infrastructure for thousands.

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India's office boom has a hidden carbon problem - and it's not the buildings

As India's office absorption surpasses 75 million sq ft in 2025, a new Savills India report warns that interior fit-outs , replaced every 5-7 years, may be generating more embodied carbon than the building structures themselves. The circular economy offers a commercially viable fix, but fragmented supply chains and absent regulation are slowing adoption.

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Cement companies' operating profit may decline 10-15% in FY27: ICRA

ICRA expects the operating profitability of Indian cement companies to moderate in FY27 due to higher power, fuel, freight and packaging costs amid geopolitical tensions in West Asia. Operating profit per tonne is projected to decline to ₹820-870 in FY27 from an estimated ₹950-980 in FY26, though partial price hikes may cushion the impact.

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US-based Intuit inks ₹915 crore office lease for over 6.3 lakh sq ft in Bengaluru

Financial software firm Intuit has secured a significant office space in Bengaluru. The deal involves over 630,000 square feet across 11 floors. This transaction highlights strong activity in India's office leasing market. Global Capability Centres are expanding their teams for engineering and AI. Intuit's expansion underscores its commitment to its India development centre.

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UP-RERA approves 13 projects worth ₹3,052 crore, issues advisories for homebuyers

UP-RERA has approved 13 real estate projects across eight districts of Uttar Pradesh with a cumulative investment of ₹3,052.73 crore and 4,772 proposed residential and commercial units. The authority has also asked homebuyers and complainants to use its online portal to verify project details, track complaint status and check recovery certificate proceedings before making purchase or legal decisions.

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Hyderabad: Plot in Thorrur fetches ₹45,000 per sq yard in auction

Open plots in Thorrur and Bahadurpally saw strong demand at a recent auction, with prices reaching Rs 45,500 and Rs 40,500 per square yard respectively. The Rajiv Swagruha Corporation auctioned 85 plots, attracting 150 bidders. Thorrur's proximity to the ORR and Adibatla IT corridor drove high bids, while Kurmalguda's closeness to Shamshabad airport also boosted prices.

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Only Ambuja in fray for Jaypee Cement, submits ₹580 crore bid

In a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this bid falls short of the company's liquidation value, prompting lenders to engage in discussions with Ambuja for a more favorable offer.

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Commercial plot price hits ₹758 crore in heart of Noida

Noida Authority is launching 35 plots across industrial, institutional, commercial, and hotel categories, with prices ranging from Rs 65 lakh to Rs 758 crore. This move anticipates increased investor interest driven by the upcoming Noida International Airport, scheduled to open on June 15. The plot scheme opens on May 19.

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Delhi development body picks TOD plots to push affordable housing

Delhi Development Authority has identified 14 land parcels along metro corridors for affordable housing and mixed-use development. These sites, totaling over 3.6 lakh square meters, aim to promote Transit-Oriented Development (TOD) and curb outward migration. A portal will be created for developers to submit proposals under the new policy.

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Godrej family buys two apartments in Mumbai's Worli for ₹294 crore

Godrej family scion Tanya Dubash has purchased two sea-facing luxury apartments in Mumbai's Worli for over Rs 294 crore, making it one of the country's most expensive residential deals. The ultra-luxury tower Naman Xana has attracted other high-profile buyers, highlighting continued demand for premium Mumbai residences as legacy assets.

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Uber leases over nine lakh sq ft Hyderabad office through 10-year lease for GCC

Uber India Systems has secured a massive office space in Hyderabad. The company will occupy over 9 lakh square feet for a decade. This deal is valued at nearly Rs 839 crore. It highlights Uber's growing commitment to India. Hyderabad continues to attract global companies for technology and operations.

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Haryana rolls out online mutation process to curb property fraud

Haryana has launched an auto-mode mutation system to combat property fraud, particularly preventing single plots from being sold multiple times. This online system automatically processes mutations upon property registration, eliminating the need for buyers to visit patwar offices and significantly reducing pending cases across the state.

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Concorde targets ₹650 crore sales in FY27, to deploy ₹200 crore for new projects

Bengaluru-based developer Concorde is targeting higher sales in FY27 after closing FY26 with sales of about ₹450 crore and recognised revenue of ₹395-400 crore. The company plans to launch 1.5-2 million sq ft during the year, increase its outright land purchase budget and focus largely on mid-segment housing priced between ₹1.5 crore and ₹2.5 crore.

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NSE inks 80-year lease with MMRDA for 2.7-acre BKC land for ₹1,684 crore

The National Stock Exchange of India has made a bold move by leasing a coveted 2.7-acre site in the bustling Bandra-Kurla Complex of Mumbai for the next 80 years, with a lease premium amounting to Rs 1,684 crore.

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CBI files chargesheet against Logix City Developers, bank officials in homebuyers' fraud case

The Central Bureau of Investigation has filed a chargesheet against Logix City Developers Pvt. Ltd. and its directors. Officials from ICICI Bank and HDFC Bank are also named. They are accused of conspiring to cheat homebuyers and financial institutions. The builder allegedly used false assurances and deceptive means. This caused wrongful loss to investors and banks.

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India's USD 1.5-billion proptech market is booming - but almost no one is making money

A deep-dive brokerage report reveals a sector caught in a structural bind: residential real estate transactions have hit record highs, yet the digital platforms riding that boom, from listing portals to transaction brokers to home interior firms, are burning cash, losing the advertising war to Google and Meta, and scrambling to reinvent themselves by piling into each other's businesses.

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War puts brakes on UAE realty boom as Dubai projects face delays

The current turmoil in West Asia is having a notable effect on the property market in the UAE. Developers are experiencing significant delays in delivering new homes due to ongoing supply chain challenges and soaring costs.

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Nexus Trust may buy Galaxy's Guwahati project for ₹1,300 crore

Nexus Select Trust is set to acquire a large mixed-use property in Guwahati for ₹1,300 crore. Inorbit Malls is also expanding its mall portfolio in Tier-2 cities. Developers are increasingly targeting these markets due to strong consumption growth and lower acquisition costs.

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ED files prosecution complaint against TDI infrastructure, its directors

The Directorate of Enforcement has filed a prosecution complaint against TDI Infrastructure Ltd. and its directors under the Prevention of Money Laundering Act. The company is accused of defrauding homebuyers by failing to deliver flats, allegedly diverting Rs 4,619.43 crore collected from over 14,100 customers. Assets worth Rs 349.55 crore have been attached.

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Builder-Banker nexus: CBI files sixth chargesheet against Shubhkamna Buildtech

The CBI has filed its sixth chargesheet in the builder-banker nexus case. Shubhkamna Buildtech Pvt Ltd and its directors are accused of cheating homebuyers. The company allegedly made false promises to secure investments. This action is part of a larger Supreme Court-directed probe into builder fraud across India.

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Housing societies in Mumbai can expand leisure facilities free of FSI

Housing societies in Mumbai can now utilize up to 4% of their built-up area for amenities like yogalayas and fitness centers without incurring Floor Space Index (FSI) charges. This increase from the previous 2% aims to enhance residents' quality of life by providing larger recreational spaces, including covered swimming pools.

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Be realistic in your advertisements: RERA officials to real estate builders

RERA officials have asked developers to avoid misleading advertisements and ensure compliance with regulatory provisions, including agreement for sale and disclosure norms. They also flagged issues such as assured returns and super area-based selling.

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'Miracle' that four lakh still live in dangerous buildings: Bombay HC panel flags crisis

A Bombay High Court-appointed committee has warned that lakhs of Mumbai residents live in structurally unsafe cessed buildings due to redevelopment delays and a severe shortage of transit housing. The panel's report highlights prolonged legal disputes and stalled proposals, with many buildings on the verge of collapse, posing a significant risk to tenants.

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CBI files chargesheet against AVJ Developers (India), bank officials in homebuyers' cheating case

The Central Bureau of Investigation has submitted a detailed chargesheet against AVJ Developers and several of their affiliates, bringing to light the involvement of bank officials and unscrupulous homebuyers. The case centers on extensive fraud perpetrated against both home purchasers and financial institutions, with builders reportedly using misleading promises and trickery.

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Mindspace REIT raises ₹500 crore via 10-year NCDs at 7.63% coupon

Mindspace REIT has raised ₹500 crore through a 10-year non-convertible debenture issuance, fully subscribed by a domestic insurer. The proceeds will be used to refinance existing debt. The move is aimed at extending debt maturity and locking in fixed interest costs.

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ITAT allows capital gains tax exemption against property bought from in-laws

The Mumbai ITAT ruled that purchasing property from relatives is not a sham transaction solely for tax benefits. The tribunal allowed a Rs 41.5 crore exemption under Section 54F, stating that genuine intra-family deals, backed by documentation, cannot be disregarded based on suspicion of tax avoidance.

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Uttar Pradesh RERA registers 106 projects in January-April 2026

Uttar Pradesh’s real estate sector has maintained growth momentum in 2026, with higher project registrations, investments and proposed units compared to the same period last year, according to UP-RERA data, following a steady rise across key indicators in 2023–2025.

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ACB probes 2,600 illegal colonies in Haryana

Haryana's Vigilance Bureau is nearing the end of a major probe into approximately 2,600 illegal colonies. Officials from urban local bodies, town planning, and revenue departments face potential action for alleged collusion with developers. The investigation, mandated by the Punjab and Haryana High Court, aims to identify complicit government employees and could lead to large-scale demolitions.

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Godrej Properties' net profit rises 32.49% in FY26

Godrej Properties announced a significant 32.49 percent jump in its net profit for the financial year 2025-26. The company's profit after tax reached ₹1,840.66 crore. Total income also saw a healthy increase of 20.72 percent. Strong business development additions and record operating cash flow are highlighted. The company plans further growth in the upcoming fiscal year.

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The hidden development boom in slum skyscrapers of Mumbai

Mumbai's slums are growing upwards, with shanties transforming into illegal multi-storey structures that defy height restrictions. This unchecked vertical expansion places an immense strain on the city's aging water, sewage, and sanitation systems, leading to potential infrastructure collapse and water shortages. Despite official awareness and promises of action, enforcement remains a challenge.

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NCLT approves Mantra Properties buyout of Mulund project

The company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured creditors-Beacon Trusteeship with Rs 902 crore and 60.54% committee of creditors share, and Assets Care and Reconstruction Enterprise Ltd with Rs 589 crore and a 39.46% share.

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Home interior startups lean on AI to shave costs, chase profits

India's home interior sector is turning to AI to combat high customer acquisition costs and operational expenses. Companies like Homelane and Livspace are leveraging AI to boost designer productivity and streamline operations, aiming for profitability amidst stiff competition from the unorganized sector.

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Builders urge Gujarat RERA to extend project deadlines by six months

Credai Ahmedabad has requested a six-month extension for housing projects from GujRERA, citing rising construction costs and supply disruptions due to the West Asia conflict. Developers are facing a 10-20% increase in project expenses and material shortages, impacting their ability to meet deadlines. The association seeks relief under force majeure provisions, similar to the Covid-19 period.

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