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IndustryLatest Stories

Lucknow: LDA to Create 2051 GIS Master Plan for Six Districts

LUCKNOW: The Lucknow Development Authority (LDA) has been appointed as the nodal agency for developing the Uttar Pradesh State Capital Region (UPSCR). It is currently preparing a Geographic Information System (GIS)-based Master Plan-2051 for the six districts included in the initiative. This digital plan will unify land use, water bodies, forests, green belts, and proposed developments over approximately 26,000 sq km into a single platform to enhance planning and monitoring. The proposed UPSCR will encompass Lucknow, Barabanki, Sitapur, Hardoi, Unnao, and Rae Bareli. The regional master plan aims to establish a long-term framework for structured growth and coordinated regional development.…

Latest StoriesResidential

Celebrity Homes: A Rising Trend, ETRealty

MUMBAI: Bollywood actor Ranbir Kapoor has acquired a total of 25.7 acres of land in Pune’s Mulshi taluka through four separate transactions for over Rs 16.42 crore. The acquisitions include four adjacent parcels in Village Pimpri, Mulshi, a region that has seen the rise of luxury second homes, private estates, and hospitality projects in recent years. The largest parcel, measuring 10.8 acres, was purchased for Rs 7.08 crore. Kapoor also bought a 7.4-acre parcel for Rs 4.62 crore, a 5.3-acre parcel for Rs 3.32 crore, and a 2.2-acre parcel for nearly Rs 1.40 crore. The total stamp duty for these…

Latest StoriesResidential

206 Families at Unitech Fresco, Gurugram Get OCs After 10 Years

GURUGRAM: After nearly a decade of waiting, 206 families residing in four towers of Unitech Fresco in Sector 50 have finally received their occupation certificates (OCs), providing them with long-awaited legal security for their homes. The town and country planning department (DTCP) issued a part OC for towers 14 to 17 on Tuesday, marking the final approval needed for the residential buildings within the project. Now, every tower in Fresco has received an occupation certificate. The delay extended far beyond a simple regulatory pause. Without an OC, property registrations were stalled, obtaining home loans became challenging, and selling or mortgaging…

Latest StoriesRegulatory

Pradeep Constructions contests GHMC notice in Telangana HC

HYDERABAD: Pradeep Constructions has filed a petition with the Telangana High Court against a GHMC show-cause notice that seeks to revoke its building permissions for a high-rise residential project in Somajiguda, which is allegedly situated within the Full Tank Level (FTL) of the Hussainsagar Lake. The managing partner, B Pradeep Reddy, argues in his petition that the notice is illegal, arbitrary, lacks jurisdiction, and relies on unverified evidence. Justice B Vijaysen Reddy, who presided over the case on Tuesday, instructed that the hearing be scheduled before the appropriate bench. Earlier this month, GHMC issued a show-cause notice regarding a 17-floor…

IndustryLatest Stories

Signature Global Q1 FY27 pre-sales drop 25% to ₹1,970 crore

NEW DELHI: Signature Global recorded pre-sales of ₹1,970 crore in Q1 FY27, marking a 25% decline from ₹2,640 crore in Q1 FY26. The average sales realization rose to ₹17,093 per sq ft in Q1 FY27, up from ₹15,250 per sq ft in FY26. Collections amounted to ₹670 crore in Q1 FY27, compared to ₹930 crore in Q1 FY26. The company’s net debt increased to ₹390 crore at the end of Q1 FY27 from ₹200 crore at the close of FY26. As of June 30, 2026, it had cash and bank balances, including fixed deposits, of ₹2,522 crore. Chairman and whole-time…

IndustryLatest Stories

Chennai Developers Spend ₹2,500 Crore on Land in Two Years

Representative image CHENNAI: Over the past two years, real estate developers have poured more than ₹2,500 crore into acquiring prime land across 79.9 acres, stretching from Haddows Road in the central city to Chembarambakkam on the outskirts. Notable transactions include Baashyaam Group’s acquisition of 5.8 acres on Haddows Road for ₹1,212 crore, and a joint venture between Prestige Estate Projects and Arihant Foundations, which secured 16.4 acres in Padi for ₹561 crore. Brigade Group also purchased 5.4 acres in Velachery for ₹441.7 crore. Additionally, Freshworks founder Girish Mathrubootham bought 7.6 grounds in Boat Club for ₹211 crore, while Arihant acquired…

Latest StoriesRera

TN appoints interim panel to oversee RERA activities

CHENNAI: On Tuesday, the state government appointed an interim panel to lead the Tamil Nadu Real Estate Regulatory Authority (TNRERA), naming retired IAS officer K Phanindra Reddy as chairperson. The panel also includes retired district judge A Nazir Ahamed and retired IAS officer Reeta Harish Thakkar. This decision comes after the recent resignations of the authority’s previous chairperson and members. As of Tuesday, the state government has superseded TNRERA for a six-month period, effective immediately or until its reconstitution, whichever comes first. According to an order from the housing and urban development department, the authority could not fulfill its statutory…

Latest StoriesRegulatory

SC Transfers Amit Katyal’s Money-Laundering Case to Delhi

NEW DELHI: On Tuesday, the Supreme Court moved a money-laundering case involving real estate magnate Amit Katyal, linked to alleged fraud against homebuyers, from Gurugram to a special PMLA court in Delhi. A bench consisting of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi issued the transfer order following Katyal’s request to shift the case lodged under the Prevention of Money Laundering Act (PMLA). “We instruct that the PMLA proceedings currently before the Special Judge in Gurugram, Haryana, be transferred to the Special Judge at the Saket Court Complex in Delhi. The prosecution will continue at the…

Latest StoriesRegulatory

SC Rejects Plea Against CRZ Clearance for Mannat’s New Floors

NEW DELHI: In a favorable verdict for Shah Rukh Khan, the Supreme Court has dismissed a petition challenging the Coastal Regulation Zone (CRZ) clearance for the addition of two more floors to his residence, Mannat, in Mumbai. During the proceedings, Chief Justice Surya Kant along with Justices Joymalya Bagchi and V Mohana questioned the credibility of the petitioner and declined to interfere with the National Green Tribunal’s ruling from September 16, 2025. “They are residing there. If they wish to build additional floors in a residential space, it’s their decision. The law is generally adhered to. Why should any neighbor…

Latest StoriesRegulatory

CBI Files 16th Chargesheet Against Noida Builder, Bank Staff

NEW DELHI: The CBI has filed its 16th chargesheet in an ongoing investigation into alleged large-scale fraud cases involving homebuyers. This chargesheet accuses a Noida-based real estate firm and officials from two private banks of conspiring to defraud buyers and investors. The chargesheet has been presented before the Special Judge for CBI cases at Rouse Avenue District Court in New Delhi, as stated by officials. The CBI has charged “Saha Infratech Pvt. Ltd., its director, and officials from HDFC Bank Ltd. and ICICI Bank Ltd.” in connection with alleged fraudulent activities related to a housing project in Noida. The investigation…