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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