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Latest StoriesRegulatory

SC Resolves 7-Year Housing Dispute, Upholds ₹1.82 Crore Payout

MUMBAI: The Supreme Court has dismissed a Special Leave Petition (SLP) filed by Keyana Estate, an associate of the Kalpataru Group, concluding a seven-year legal dispute in favor of homebuyer Paresh Parihar from Goregaon. Parihar had booked a flat in the Kalpataru Radiance project in Goregaon (West) in 2013, with initial possession expected by December 2016, but he only received it in January 2024. As a result of this ruling, the developer is obligated to pay approximately Rs 1.82 crore in interest to the homebuyer due to the delays. The dispute began when Parihar and his wife paid over Rs…

IndustryLatest Stories

Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

Latest StoriesRegulatory

Ex-Lodha Developer Director in ED Custody Until Feb 20

MUMBAI: On Friday, a special PMLA court in Mumbai remanded Rajendra Lodha, a former director of Lodha Developers Ltd, into Enforcement Directorate (ED) custody until February 20, in connection with a money laundering case involving ₹85 crore. The ED’s case is founded on allegations of cheating and forgery, as detailed in a FIR filed by the Mumbai police’s crime branch under the Bharatiya Nyaya Sanhita (BNS). Rajendra Lodha was arrested by the crime branch in September of last year and has since been held in judicial custody. The ED officially took him into custody on Thursday for the money laundering…

IndustryLatest Stories

FPCE: Many States Fail to Publish Real Estate Reports

NEW DELHI: The Forum for People’s Collective Efforts (FPCE) has highlighted that several state real estate regulators are neglecting their legal requirement to regularly publish annual reports. In a statement this Friday, FPCE pointed out their non-compliance with Section 78 of the Real Estate (Regulation and Development) Act, 2016. “Despite clear legal obligations and repeated instructions from the Ministry of Housing and Urban Affairs, over 75% of State RERA Authorities across India have either never published annual reports, stopped publication, or are not current,” FPCE noted. The organization urged the ministry to direct all RERA authorities to submit annual reports…

IndustryLatest Stories

Civil Aviation Ministry Reviewing Height Norm Relaxation for Real Estate

NEW DELHI: The civil aviation ministry is conducting an analysis on potential adjustments to height restrictions for real estate developments, with the aim of facilitating quicker vertical growth in urban areas where land is limited, Minister Kinjarapu Ram Mohan Naidu announced on Friday. He stated, “The Indian real estate market is projected to reach USD 1 trillion by 2030, driven by structural reforms, enhanced transparency, and increased investor confidence. It has the capacity to grow to USD 5-7 trillion by 2047.” Naidu was addressing attendees at the National Urban and Real Estate Development Conclave-2026 held in New Delhi. He highlighted…

Latest StoriesResidential

Bhubaneswar Residents Accuse Developer of Road Encroachment

Representative image BHUBANESWAR: Residents of a prominent housing project in GGP Colony have accused the developer of encroaching on their common road to facilitate a neighboring construction project. The residents report that heavy vehicles and construction machinery have been using the road designated solely for their housing complex, creating inconvenience and safety hazards for over 50 families. They claim this is happening despite the second project not having secured the necessary approvals from local authorities. As part of the ongoing dispute, residents further allege that the developer has occupied common areas within their existing complex, including parts of the ground…

Latest StoriesResidential

Trichy’s Luxury Flats See High Demand From Buyers

TRICHY: With rising calls to designate Trichy as the state’s second capital, residential flat prices in key locations have surged, often exceeding those in parts of Chennai. Land prices have increased nearly 25% in the last two years, with premium flats now starting at over Rs 1.5 crore. Developers report sustained interest from buyers in high-end apartments, featuring larger floor plans and modern amenities, driven by improvements in the city’s infrastructure. Real estate professionals attribute the sharp rise in land prices to significant investments in public infrastructure, such as Tidel Park and industrial estates, as well as airport expansion and…

InfrastructureLatest Stories

DDA Issues Notice to Reclaim 123 Disputed Land Plots in South Delhi

Representative AI image NEW DELHI: The Delhi Development Authority (DDA) has announced its intention to re-acquire 123 land parcels in various south Delhi villages, following recent Supreme Court directives related to multiple land acquisition cases. Officials indicated that this measure aims to prevent buyers from inadvertently purchasing land that is currently under legal dispute. The public notice, issued by the DDA’s land management department, specifies that this re-acquisition process adheres to Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. According to the notice, “The Supreme Court has issued judgments in…

IndustryLatest Stories

Reforming Land Policies Can Boost Housing Affordability: Niti Aayog

Representative AI image NEW DELHI: Rajiv Gauba, a member of Niti Aayog, highlighted significant challenges in housing development due to land constraints. He called for comprehensive reforms to reduce land costs. “We should allocate a minimum of 10% of residential land for affordable housing in our master plans, increase permissible FARs (Floor Area Ratios) from the current 2-3 to 5-6, promote transit-oriented development, and adopt land pooling. These strategies will help reduce land costs and increase housing supply,” he stated. Currently, land accounts for 50-70% of total project costs, which is notably higher than in similar infrastructure sectors. Gauba made…

Latest StoriesRera

Bhuvanteza Infra Fined by Telangana RERA for Unauthorized Sales

HYDERABAD: The Telangana State Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹43.7 lakh on Bhuvanteza Infra Project Private Limited, based in Banjara Hills, for unauthorized allotment of units in its ‘Tulasi Lake Front’ project located in Suraram, Medchal–Malkajgiri district. This decision was made on December 1, 2025, following two separate complaints by customers. The first complaint was lodged by Maheshwaram Padma, a resident of Chintal, Tirumalagiri. The Authority found that the company had violated statutory regulations by allotting a flat without proper legal entitlement, misrepresenting ownership, collecting amounts without authority, and engaging in unfair trade practices, violating…