Registry haze over 10,000 flats in Noida as 22 builders keep dues unsettled

Noida Authority is pursuing 22 real estate projects for nearly Rs 5,560 crore in dues, impacting 9,750 flat owners awaiting registration. Despite a state rehabilitation policy offering significant relief, many developers have defaulted on payments or failed to accept the scheme, leading to frozen registries and intensified recovery actions.

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Signature Global raises ₹8.75 billion via NCDs to fund housing projects

Signature Global has successfully raised ₹8.75 billion through a private placement of 'A+' rated non-convertible debentures to the International Finance Corporation. The funds will be used for developing mid-income and ESG-aligned housing projects, as well as reducing existing debt. This marks the company's first listed debt transaction.

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Axis Bank puts ₹511-crore Lavasa Corp debt on sale

Reserve price has been set at ₹80 cr. Other lenders are weighing the future as litigations continue to delay bankruptcy resolution.

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Elon Musk’s Starlink Satellite leases office space in Mumbai’s Chandivali

Elon Musk's Starlink has leased office space in Mumbai's Chandivali. This move marks a significant step in the company's India rollout plans. Starlink is preparing to launch its satellite communication services across the country. Mumbai is expected to be a key hub for its operations.

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Delhi may get ‘A+’ property zone as government reviews circle rates for Lutyens’ area, farmhouses

Delhi government is reviewing suggestions to revise circle rates, including a new 'A+' category for premium Lutyens' Delhi areas and an overhaul of farmhouse rates. Proposed biennial reviews and greater data transparency aim to align rates with market realities, boost revenue, and enhance investor confidence.

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FPCE wants changes in RERA law, pitches for rules to verify promoters' track record

A homebuyers' association is urging the government to amend the RERA law. They want builders' past performance to be checked before new projects are approved. The association also seeks compensation for buyers if promised facilities are not delivered. A uniform refund policy for cancellations is also demanded. These changes aim to protect consumers from errant developers.

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Chandigarh administration to make use of unused CHB land to ease housing problem

Chandigarh's Chief Secretary H Rajesh Prasad announced plans to fully utilize vacant land for housing, adhering to the Master Plan and Supreme Court heritage rulings. He also directed efforts to establish a skill university, resolve service cases, and implement UGC regulations, emphasizing quality education and industry linkages for student development.

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