No occupancy certificate needed for buildings above 1,200 sq ft in Bengaluru

However, the Advocate General has clarified that not all large buildings can be exempted; the government has powers to selectively grant relief after verification.

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Allahabad HC to reopen ₹295 crore land payout case after Supreme Court order

The Allahabad High Court will re-examine the Rs 295-crore Reddy Veeranna land compensation case following a Supreme Court ruling that deemed the original payout fraudulent. Veeranna allegedly misled courts to secure enhanced compensation for land in Noida's Sector 18, now the site of DLF's Mall of India. The rehearing will determine the rightful compensation share among the original co-owners.

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Gentex Merchants buys Lutyens’ bungalow for ₹310 crore

Gentex Merchants Pvt Ltd, linked to Lakshmi Mittal, acquired a 3,540 square yard bungalow on APJ Abdul Kalam Road in Delhi's Lutyens’ Bungalow Zone for Rs 310 crore. The property was previously owned by Yashwant Singh, who recently purchased a bungalow in Golf Links. This transaction highlights the continued demand for high-value properties in India's most prestigious neighborhood.

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Approve layouts, HC tells Noida, allows Delhi One work to resume after decade

The Allahabad High Court has provided a significant boost to the stalled Delhi One project by directing the Noida Authority to approve building plans for Max Estates Limited. This decision comes after Max Estates agreed to deposit 50% of the disputed Rs 67 crore in CIC/CIS charges.

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SC allows CBI to register six more cases in builder-bank 'nexus'

The Supreme Court has permitted the CBI to file six new cases investigating the alleged collusion between banks and developers, which defrauded homebuyers in real estate projects across Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj.

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Singapore-based Keppel set to divest Chennai’s One Paramount office park for ₹2,750 crore

Keppel is divesting its One Paramount office park in Chennai to Prime Offices Fund for ₹2,750 crore, highlighting strong investor confidence in India's office market. The 2.4 million sq ft tech park, housing major tenants, promises attractive rental yields. This deal follows Prime Offices Fund's other acquisitions, expanding its portfolio across key Indian cities.

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Amid misleading ads by builders, government asks states, RERAs to take action

The Centre has directed states and RERAs to curb misleading advertisements by builders using government-style terminology, aiming to protect homebuyers from deception. This action follows discussions at a RERA Central Advisory Council meeting, where concerns were raised about undisclosed publishers and promoters bypassing mandatory disclosure norms. The ministry is urging states to submit reports and address data mismatches across platforms.

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