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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/wyrOg7L
via IFTTT

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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/x0sHwOi
via IFTTT

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The Delhi Development Authority has sanctioned a policy focused on the overhaul of outdated two-storey residential units, with plans for broader application across the city.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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/59NOyZ4
via IFTTT

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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/9NTvo4e
via IFTTT

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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/RO7XvNw
via IFTTT

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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/I0FUs6T
via IFTTT

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.

from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/Pt4gd2X
via IFTTT