Property deals worth ₹8,500 crore under income tax department's scanner

The Income-Tax Department is ramping up its examination of property deals worth ₹8,500 crore, focusing on unreported and undervalued transactions potentially linked to benami ownership. By reviewing data from both the current and past financial years, officials are cross-referencing PAN information with income tax returns to uncover inconsistencies. This proactive initiative is part of a broader effort to combat tax evasion using advanced data assessment techniques.

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Property registrations in Mumbai rise 11% to 12,503 units in August 2026: Knight Frank

Mumbai is projected to record 12,503 property registrations in August 2026, the highest for the month in 14 years, according to Knight Frank India. Stamp duty collections are expected to rise 12% year-on-year to ₹1,123 crore.

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Delhi government notifies amended fire safety rules, introduces extensive measures to safeguard buildings

In a significant move towards improving public safety, Delhi has revised its Fire Service Rules, raising the bar for fire safety standards in all newer and existing buildings. Key requirements now include effective fire and smoke barriers, unobstructed access routes, and operational emergency power units. These rules are crafted to align seamlessly with the updated Unified Building Bye-Laws, ensuring enhanced readiness.

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Vamsiram Builders secures 5.38-acre land parcel in Hyderabad's Raidurg for ₹1,447 crore

Raidurg land auctions continue to break records, fetching Rs 269 crore per acre. Vamsiram Builders secured a 5.38-acre parcel for Rs 1,447 crore in the latest auction. Two auctions this month collectively earned Rs 2,833 crore from 10.63 acres. This outcome reflects strong investor confidence in Hyderabad and Telangana's growth. The exceptional price discovery reinforces Hyderabad's position as a dynamic real estate market.

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Max Estates to acquire 84.71-acre land parcels in Delhi via ₹420 crore share swap

Max Estates is set to acquire nine companies that own land across eighty-four acres in Delhi. This significant non-cash share swap allows the company to make its debut in the Delhi residential market. With a development potential of four to six million square feet, this move is strategically aligned with the Delhi Master Plan 2047, preserving cash for further land acquisitions ahead.

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Knowledge Realty Trust's sponsors to sell up to 25.03% stake via OFS

Knowledge Realty Trust's sponsor entities are set to offload 25.03% of their units in a strategic move to comply with SEBI's unitholding requirements. The sale will launch for non-retail investors on August 31, 2026, followed by opportunities for retail and other investors on September 1, 2026. The anticipated total offer size is around ₹11,988 crore.

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ED freezes assets worth ₹33 crore after raids against Vatika

The Enforcement Directorate has seized assets amounting to thirty-three crore rupees as part of its investigation into Vatika Ltd.'s promoters. This probe, initiated under the Prevention of Money Laundering Act, targets serious allegations of fraud affecting homebuyers who suffered losses due to the non-delivery of plots from 2010 to 2012.

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Infineon Tech picks up 6.3 lakh sq ft Bengaluru office in ₹750-crore rental deal

German firm Infineon Technologies has leased over 6.3 lakh sq ft office space in Bengaluru. This significant deal involves a rental payout exceeding Rs 750 crore over ten years. The company also announced its acquisition of power semiconductor startup C2i Semiconductors. This move aims to bolster Infineon's engineering and research capabilities in India.

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Provisional booking no basis for allottee status: Haryana RERA junks plea

According to the Haryana RERA ruling, merely having a provisional allotment is insufficient to establish a promoter-allottee status. As a result, the complaint against Eldeco and HSIIDC was dismissed. The complainant did not sign or register the sale agreement, despite reminders. Eldeco confirmed its offer was withdrawn with a full refund, while HSIIDC reiterated that the plot allotment was conducted on an 'as is where is' basis.

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CapitaLand India Trust shifts Singapore-dollar debt to rupees as INR falls

CapitaLand India Trust is converting more Singapore-dollar debt into rupee borrowings as the Indian currency weakens, aiming to reduce foreign exchange exposure and boost distributable cash flows. CLINT has completed two debt-onshoring tranches worth about S$204 million in 2026, lifting cumulative distribution-per-unit accretion from the exercises to nearly 5%.

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Puravankara to jointly develop 7.83-acre land parcel in Bengaluru

Puravankara has entered into a joint development agreement for a 7.83-acre land parcel in southeast Bengaluru. The project has an estimated gross development value of ₹1,100 crore and a saleable area of about 0.89 million sq ft.

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CBI files 18th chargesheet against builder, directors in homebuyers fraud case

The CBI has unveiled its eighteenth chargesheet regarding a homebuyer fraud case, targeting a builder and several directors, as well as financial institution executives. This case pertains to deceptive actions surrounding a housing project in West Bengal. The chargesheet has been filed in the CBI Special Court located in Alipore, with the agency actively pursuing thirty-one more analogous cases across the country.

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Orris Infrastructure's MD Amit Gupta arrested by Mumbai police in cheating case

Amit Gupta, the managing director of Orris Infrastructure, has been taken into custody by Mumbai Police following a complaint from Godrej Properties Limited. The allegations involve serious charges of forgery, cheating, and criminal conspiracy tied to a collaborative project. Under the Bharatiya Nyaya Sanhita, Gupta stands accused of unlawfully altering records, sparking worries among homebuyers eager for their properties' possession.

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SBI acquires commercial property in Pune’s Kharadi for ₹414 crore

The State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leasehold rights and a commercial structure situated in Kharadi, a bustling business district.

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ED files status report in sealed cover on investigation into the role of DLF

The Enforcement Directorate has requested additional time to continue its investigation into the Shikohpur land deal, providing necessary documents to the accused. A translation certificate was also submitted. Robert Vadra attended the hearing via video link, but the court expressed dissatisfaction with an unanswered question in the status report. Further proceedings are scheduled for September 23.

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Ghaziabad development body set to clear stalled Ansal township map

Ghaziabad Development Authority board will approve Ansal township layout on Friday. This decision follows Supreme Court criticism of authorities' delayed approvals. The court directed the state government and GDA to consider the proposal. One City Infrastructure Pvt Ltd is tasked with completing the stalled project. This action offers relief to 1,600 homebuyers waiting for their flats.

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Delhi master plan 2047 unveiled; envisages 40 lakh affordable homes

The Delhi Master Plan 2047 envisages development of around 40 lakh new affordable housing units, redevelopment of existing residential areas and planned urban expansion through land pooling. The plan also proposes transit-oriented development, higher FAR incentives, regularisation of unauthorised colonies and conservation of heritage assets.

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ED attaches properties worth ₹71.60-crore in 32nd Avenue Group money laundering case

ED said its investigation has revealed an "organised and systematic modus operandi" in which investors were induced to purchase commercial units in lieu of assured long-term leases, fixed rental income, buy-back arrangements and periodic increase of returns.

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Builders line up to buy bankrupt developers as land prices rise

Small and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soar in major cities. With projects, development rights and urban assets on offer, NCLT-approved deals are rising, but buyers face risks involving titles, approvals, litigation, liabilities and stalled project execution.

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DTCP rejects AIPL plea against Oberoi Realty’s Gurugram project

The Haryana DTCP has held that Licence No. 69 of 2025 and the June 17, 2025 approval for change of developer in favour of Oberoi Realty are legally intact. Oberoi Realty said the restriction imposed by the Punjab & Haryana High Court on fresh allotments and creation of third-party rights has ceased to be operative.

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NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects

The Supreme Court is set to review the National Buildings Construction Corporation's (NBCC) request concerning RERA compliance for Supertech's housing projects. NBCC is seeking exemptions from mandatory regulations to renovate stalled developments. This appeal comes after the National Company Law Appellate Tribunal denied similar requests. Previously, the apex court instructed NBCC to accelerate the project completions, with construction for sixteen Supertech projects slated to commence shortly.

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ED asks homebuyers to report builders refusing RERA details, cash deals

The Enforcement Directorate has urged homebuyers to report any fraudulent builders to the relevant authorities. It's crucial for buyers to always confirm RERA registration and examine property title documents thoroughly before proceeding with transactions. Relying on mere verbal promises from brokers regarding property purchases can lead to complications. Recently, the agency provisionally attached assets valued at Rs 129.

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Six listed Indian REITs distribute ₹3,136 crore in Q1 FY27

India’s six listed REITs distributed ₹3,136 crore to over 4.85 lakh unitholders in Q1 FY27, according to the Indian REITs Association. The sector’s gross AUM stood at over ₹3.17 lakh crore, while market capitalisation was over ₹2.17 lakh crore as of August 11, 2026.

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ICICI Prudential AMC to raise ₹2,000 crore fund for Mumbai housing

Between 2020 and 2025, more than 1,100 society-level redevelopment agreements were recorded in Mumbai, unlocking around 432 acres of land. The financing requirement begins before construction, including society payouts, transit accommodation, premiums and approvals, while banks and NBFCs typically participate later at the construction finance stage.

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Indian states target 1.18 million jobs, 1,380 GCCs by 2031: Report

Indian states with GCC-focused policy frameworks are targeting over 1.1 million jobs and more than 1,300 new GCCs by 2029-31, according to CBRE. GCCs leased over 123 million sq ft of office space across India’s top nine cities between 2022 and H1 2026.

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Mumbai: BMC panel approves leasing Century Mill land to Peddar Realty

The civic improvements committee approved leasing BMC's Century Mill land for thirty years. Opposition arose from Shiv Sena (UBT) and Congress regarding the land deal. A proposal to replace a sports complex reservation with a petrol pump was also cleared. Nearly nine thousand square meters of BMC land in Lower Parel will be integrated into an SRA scheme.

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Maharashtra mulls new law to cap upfront payment at 80% for agreement to sell

Maharashtra is set to implement a law to safeguard flat buyers from unethical builders. Under this new regulation, builders will be allowed to collect only eighty percent of the total payment at the time of signing the agreement, with the remaining amount payable only upon the final registration of the property.

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Enforcement directorate conducts raids in NCR in homebuyers 'fraud' case

On Thursday, the Enforcement Directorate launched searches throughout the Delhi-NCR region as part of a money laundering investigation targeting AVJ Developers and Rudra Buildwell Construction. These companies are accused of deceiving homebuyers via a fraudulent subvention scheme, with the inquiry originating from two distinct CBI FIRs related to collusion between builders and banks.

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Delhi NCR developers tap fund houses for liquidity lifeline

Funds are partnering with Delhi NCR developers to acquire land and finish projects. This provides essential liquidity amid rising costs and market slowdown. Several developers are securing credit lines to maintain steady cash flows. Alternative Investment Funds are crucial for land acquisition in key growth hubs. Private equity inflows show a significant surge in the domestic real estate sector.

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Ocean Seven’s licence cancelled in Gurugram, buyers seek another developer

Authorities in Gurugram have revoked the license of Ocean Seven Buildtech due to a stalled housing project, citing extensive delays and failure to meet construction milestones. Homebuyers expressed relief at the decision and are now searching for a new developer to finish the project. The government will assume control of the property, while investigations continue regarding potential fund misappropriation from buyers.

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Two-storey dwelling units can now be redeveloped: Delhi development body

The Delhi Development Authority has sanctioned a policy focused on the overhaul of outdated two-storey residential units, with plans for broader application across the city. This will streamline building plan approvals by eliminating NOC requirements across multiple departments. Additionally, a crucial land use alteration for a metro depot in Narela Sub-City was approved, which aims to boost connectivity and promote regional growth.

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Haryana RERA grants four-month extension to projects hit by West Asia disruption

Haryana RERA-Gurugram bench has extended completion timelines of eligible registered real estate projects by four months, citing the West Asia situation as a force majeure event. The benefit applies to projects whose completion, revised completion or extended completion date falls on or after February 28, 2026.

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Table Space files DRHP for ₹800 crore IPO

Tablespace Technologies, which operates managed workspace brand Table Space, has filed its draft red herring prospectus with SEBI for an IPO. The proposed issue comprises a fresh issue of up to ₹800 crore and an offer for sale of up to 6.55 crore equity shares.

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Mumbai: ₹1,351 crore bid for Century Mills plot to come up before BMC panel on August 12

The BMC's improvement committee will greenlight a 30-year lease for the Century Mills site located in Lower Parel. Peddar Realty Ltd's bid, amounting to Rs 1,351 crore, topped the offers for the redevelopment initiative. Presently, the site is home to 476 eligible mill workers' families and ten shops. Families will receive new 405 square feet flats for permanent housing.

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Maharashtra makes structural fitness, provision for rainwater harvesting a must for old buildings

Maharashtra's old buildings must now acquire structural certificates before obtaining new utility connections. Compliance with essential practices like rainwater harvesting and bio-sludge management is mandatory for these approvals. As a result, municipal authorities are tasked with verifying adherence to these ecological standards to enhance convenience in living and business activities.

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Entrepreneur Manav Sardana buys DLF The Dahlias penthouse in Gurugram for record ₹271 crore

Manav Sardana purchased a penthouse for ₹271 crore, setting a new record. This luxury unit boasts 17,200 sq ft of super area and 10,500 sq ft carpet area. DLF's The Dahlias project has seen significant sales, with prices exceeding ₹1 lakh per square foot. The developer noted strong interest from tier-two cities and NRI buyers. Earlier, Madhusudan Kela bought a flat in the same project for ₹120.7 crore.

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Birla Estates' subsidiary buys FSI from Parinee entities for ₹159 crore

Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living environment.

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MahaRERA invokes force majeure; extends project completion timeline by four months

Maharashtra's real estate regulator has granted a four-month extension for project completion deadlines, addressing the challenges developers face due to ongoing supply chain disruptions. This respite applies to all projects set to conclude on or after February 28, 2026, and comes in light of a Union Ministry advisory related to the consequences of the West Asia conflict.

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SC pulls up banks over alleged nexus with builders in real estate cases

In a significant ruling, the Supreme Court has ordered lenders to proceed with prosecuting their officers implicated in a questionable alliance with builders. The court's directive includes the allocation of extra police forces to bolster the CBI's ongoing probe. Additionally, pertinent case details will be handed over to the Enforcement Directorate, as the CBI scrutinizes allegations tied to certain real estate firms.

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Maharashtra minister directs action against developers not handing over MHADA homes

Maharashtra minister Mangal Prabhat Lodha has directed authorities to initiate strict legal action against developers failing to hand over homes reserved for MHADA. The direction came during MHADA Mumbai Board’s lottery for 2,640 homes, which received 75,127 applications.

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YEIDA set to roll out residential plots scheme near Noida airport

The Yamuna Expressway Industrial Development Authority is gearing up to unveil two new residential plot schemes come October. One will cater specifically to the low-income group with 40 sqm plots available, while the general public can apply for larger plots, ranging between 162 to 300 sqm. The newly established eligibility criteria will bar prior allottees from participating.

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Madhuri Dixit sells two properties in Mumbai’s Andheri, Juhu for ₹9.2 crore

Madhuri Dixit has sold a commercial office in Andheri West and a residential apartment in Juhu for a combined Rs 9.25 crore. The deals reflect sharp appreciation in Mumbai's property market, with the Andheri office rising over nine-fold in value since 2008 and the Juhu flat more than doubling since its purchase in 2012.

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Lutyens Delhi's rents are touching ₹20 lakh per month & there're no homes for sale

Luxury rentals in Delhi's Lutyens Bungalow Zone are soaring as a severe shortage of homes for sale pushes affluent families, diplomats and corporate executives towards leasing premium properties. Rentals in areas such as Golf Links and Sunder Nagar have doubled in some pockets over the past few years, with monthly rents touching ₹20 lakh amid tight supply and robust demand.

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Delhi court grants interim protection from arrest to Raheja Developers CMD, chairman in ED case

A Delhi court granted interim protection from arrest to Raheja Developers' chairman and managing director. The court stated non-bailable warrants should not be issued mechanically. The Enforcement Directorate sought warrants after the accused allegedly failed to join investigations. The accused's lawyers argued they had previously cooperated with the probe. The court will hear the matter again on September 3.

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Deceased builder’s legal heirs can’t deny onus of delivering flats to buyers: NCDRC

In a decisive ruling, the National Consumer Commission has mandated that legal heirs must either provide flats or refund payments to homebuyers within six weeks. The heirs' claims of ignorance regarding the payments and ongoing civil suits were dismissed as baseless by the commission. The ruling reinforces that the failure to deliver possession creates an ongoing cause for legal action.

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DLF’s net profit rises 4% to ₹793.90 crore in Q1 FY27

DLF's consolidated total income declined 46.1 per cent to ₹1,605.56 crore during the quarter. Its sales bookings stood at ₹657 crore, while its net cash position improved to ₹15,200 crore.

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Telangana RERA to penalize Pacifica over allotting flat before project registration

Telangana RERA ordered penalty proceedings against Pacifica Constructions for booking a flat before project registration. The authority found the promoter violated the Real Estate Act by booking units prematurely. Allottees alleged delays and quality defects in their apartment after booking. The promoter cited Covid-19 extensions and a registered sale deed for delays. RERA restrained the promoter from recovering certain penalty charges from the complainants.

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Assetz files IPO papers with Sebi via confidential route; plans ₹1,200-crore issue

Assetz Ltd has filed preliminary papers for an initial public offering. The Bengaluru-based developer plans to raise approximately Rs 1,200 crore through this IPO. This public listing will mark the debut of one of Bengaluru's fastest-growing residential developers. The company has also expanded its project pipeline by acquiring new land parcels. Assetz is further exploring entry into the Mumbai Metropolitan Region for expansion.

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Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case

The Delhi High Court has asked the Enforcement Directorate for its stance on a plea. Nayan Raheja seeks to quash a money laundering case filed in 2022. This case stems from the delayed delivery of approximately 4,600 residential flats. The allegations involve diverting substantial funds collected from homebuyers for non-construction purposes. The court has scheduled further hearings after reviewing the status report.

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