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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Housing ministry advises four-month RERA extension for projects hit by West Asia disruption

The Ministry of Housing and Urban Affairs has advised state RERA authorities to grant a four-month extension in registration and completion timelines of eligible real estate projects. The advisory applies to projects whose completion date, revised completion date or extended completion date falls on or after February 28, 2026.

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Innov8 founder buys Golf Links bungalow for ₹85 crore

Ritesh Malik, Innov8 founder, purchased a bungalow in Delhi's Golf Links for Rs 85 crore. This transaction marks a trend of corporate leaders acquiring upscale properties in the area. India Sotheby's International Realty facilitated this high-value residential deal for both parties. Golf Links has become a preferred destination for entrepreneurs seeking prime locations. Several other prominent figures have also bought properties in this exclusive Delhi neighborhood.

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ED searches Imperia premises in homebuyers’ fraud case; seizes ₹50.50 lakh, luxury vehicles

The Enforcement Directorate conducted searches and surveys at eight residential and business premises linked to Imperia Wishfield, Imperia Structures, their promoter directors and the resolution professional. The investigation relates to alleged non-delivery of projects, assured-return defaults and diversion of homebuyer funds.

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Vedanta to demerge real estate business into Vedanta Property Platforms

Vedanta’s board has approved a draft scheme of arrangement to demerge its real estate business into Vedanta Property Platforms. The surplus real estate portfolio comprises about 2,200 acres of land and about 55,000 sq ft of residential and commercial properties.

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SC stays issuance of work order till Aug 13 in Bandra, Worli cluster redevelopment projects

The Supreme Court has temporarily halted work orders for cluster redevelopment projects. These projects involve 132 acres in Bandra Reclamation and Worli areas. Housing societies had challenged the government's decision to redevelop these lands. The apex court will hear the matter again on August 13. Until then, no work orders for the redevelopment will be issued.

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Bombay HC quashes PMLA case against D B Realty, its managing director

Bombay High Court quashed a money laundering case against D B Realty and Vinodkumar Goenka. This criminal proceeding was linked to the Maharashtra Sadan construction controversy involving Chhagan Bhujbal. The court accepted arguments that transactions did not constitute proceeds of crime. The Enforcement Directorate had not challenged discharge orders for other parties in the case. This ruling effectively ends the money laundering allegations against the company and its director.

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Lloyds Realty leases 1.82 lakh sq ft office tower in Mumbai to Smartworks

Lloyds Realty Developers has leased the entire 1.82 lakh sq ft of The Square in Andheri East, Mumbai, to Smartworks for 15 years. The transaction is expected to generate rental revenue of over ₹600 crore during the lease tenure.

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Haryana: HSVP official’s presence mandatory for registration of auctioned plots

Following a change in procedure introduced by the revenue department, the presence of an HSVP official at the tehsil office to complete the registration of sale deeds is a must.

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SC asks Parsvnath Developers to file report on pending cases against it

The Supreme Court ordered Parsvnath Developers to submit a status report on pending cases. The court also directed the firm to finish a homebuyer's dwelling unit within one week. Parsvnath Developers had previously deposited the required amount with interest with the registry. The bench warned of imprisonment if the company directors fail to comply with orders. This action follows a prolonged struggle by senior citizens for their homes.

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Virat Kohli, Anushka Sharma buy ₹18.29 crore apartment in Mumbai’s Versova

Virat Kohli and Anushka Sharma have bought an apartment in Godrej Skyshore, Versova, Andheri West, for ₹18.29 crore, according to documents accessed by Zapkey. The apartment has a RERA carpet area of 245.71 sq metres, including adjacent exclusive area, and comes with three car parking spaces.

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Strata invests ₹96 crore in Chennai, Bengaluru residential projects

Strata invested ninety-six crore rupees in three residential projects across Chennai and Bengaluru. These investments target annual returns of about sixteen percent through coupon payouts. The Chennai investments support apartment and villa developments along the OMR corridor. Bengaluru saw thirty crore rupees invested in a plotted development near Devanahalli. These transactions highlight growing investor interest in private credit opportunities.

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Large office deals account for 59% of leasing in H1 2026: Report

Large office transactions of 1 lakh sq ft and above accounted for 28.2 million sq ft of leasing across India’s top eight cities in H1 2026, according to Knight Frank India. Bengaluru led the segment with 10.1 million sq ft of large office transactions.

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Uttar Pradesh RERA registers 143 projects worth ₹31,952 crore in H1 2026

Uttar Pradesh RERA registered 143 new real estate projects in early 2026. These projects propose 46,049 housing units with substantial capital investment. Lucknow and Gautam Buddh Nagar led new project registrations and capital inflow respectively. The state's real estate sector saw consistent growth in investments and housing supply. UP-RERA also facilitated significant recovery for homebuyers and resolved property disputes.

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Prestige Group acquires 2.35-acre land in Mumbai's Mulund for ₹110.75 crore

The transaction was executed through Prestige Mulund Realty Pvt Ltd, which acquired the property from Shamvik Glasstech Pvt Ltd and General Glass Company Pvt Ltd. The deal was registered on July 16, with the buyer paying stamp duty of Rs 6.64 crore, according to property registration documents accessed through CRE Matrix, realty data analytics platform.

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Lodha Developers’ net profit more than doubles to ₹1,373.10 crore in Q1 FY27

Lodha Developers consolidated total income increased 40.6 per cent to ₹5,096.70 crore during the quarter. Pre-sales stood at ₹4,629 crore, while collections rose 46 per cent year-on-year to ₹4,205 crore.

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Bengaluru development body imposes curbs on revised building plans after OCs

Bangalore Development Authority has restricted approving revised building plans after occupancy certificates are issued. A new circular mandates owner consent for modifications where third-party rights exist. This order follows a legal challenge by residents of HM Tambourine apartment complex. The residents contested a modified sanction plan approved without their consent. This move aims to protect apartment owners' rights and development potential.

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NCLT approves Aspect JV's resolution plan for Radius & Deserve Land Developers

The NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate insolvency resolution process initiated in May 2023. Bharadvaja Buildcon LLP will now take over the bankrupt real estate firm. The secured creditor will receive constructed free-sale area in a slum rehabilitation project. Construction is expected to commence within twenty-five months of plan approval.

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Gulshan Group to invest ₹1,000 crore in Wave City housing project

Gulshan Group has launched Gulshan Empire, a premium residential project at Wave City, with an estimated investment of ₹1,000 crore. The 5.5-acre project is expected to generate sales realisation of over ₹1,200 crore.

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