Lucknow development body to take over stalled Ansal township

The Uttar Pradesh cabinet has greenlit the transfer of a delayed project by Ansal Properties to the Lucknow Development Authority. This strategic decision is designed to assist nearly five thousand distressed homebuyers by providing them with much-needed plots or homes. To facilitate the project's completion, the authority will ensure that all outstanding infrastructure tasks within the township are addressed.

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Embassy Developments to invest ₹2,000 crore in 85-acre Bengaluru housing project

Embassy Developments has launched Embassy Origins, an 85-acre residential development in North Bengaluru. The first phase includes Embassy Riverine and Embassy South Reserve, with a combined GDV of about ₹4,500 crore.

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Sonu Nigam sells pre-leased retail property in Mumbai's BKC for ₹18 crore

The 3,082 sq ft retail unit at Trade Centre, Bandra Kurla Complex, has been sold to SAA Estate LLP. The property is leased to Down Town 29 at a monthly rent of ₹20 lakh, translating to ₹2.4 crore in annualised rental income.

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Noida authority orders structural audit of Great Value Sharnam

In response to continuous complaints, the Noida Authority has directed a structural audit for the Great Value Sharnam project. Residents have noted peeling plaster and exposed reinforcement bars across various towers and in the basement area. Upon inspection, evidence of water leakage and seepage on columns and beams was discovered. The developer is obliged to inspect and repair any structural issues immediately.

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Suraksha Group to invest ₹3,000 crore to complete pending Jaypee towers by September 2028

Suraksha Group, which acquired Jaypee Infratech, has invested about ₹1,500-2,000 crore so far in construction and expects to invest another ₹3,000 crore to complete the remaining towers by September 2028. The company has also outlined plans for three integrated townships across about 465 acres.

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Haryana RERA orders Chintels India to reinstate cancelled plot

The Haryana Rera has ordered Chintels India to restore a previously cancelled plot after dismissing the developer's claim of force majeure concerning land attachment. Buyers expressed a preference to proceed with the project instead of accepting a refund. Rera decided that allottees could either choose to exit the agreement or continue, including the option for delay interest.

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Booking Holdings leases 1.11 lakh sq ft office space in Bengaluru

Booking Holdings has leased over 111,525 square feet of office space in Bengaluru. This expansion increases their total office footprint in the commercial tower to 2.65 lakh square feet. The company secured this new space through a five-year lease agreement with RMZ Hotels. This transaction highlights continued demand for large office spaces from global companies. Bengaluru remains a key market for multinational corporations expanding their operations.

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