Category: Latest Stories

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CommercialLatest Stories

Real Estate Capital Inflows Surge 32% to $8.5B in H1 2026

NEW DELHI: India’s real estate sector saw equity capital inflows of $8.5 billion in H1 2026, marking a 32% increase from $6.4 billion in the same period of 2025, according to a report by CBRE South Asia. In Q2 2026 alone, total inflows reached $3.4 billion, remaining stable compared to Q2 2025. Acquisitions of land and development sites, along with built-up office assets, constituted approximately 94% of overall equity investments in the quarter. Developers contributed about 34% of total capital, followed closely by domestic institutional investors at 32%, together accounting for roughly 66% of Q2 2026 inflows. Capital inflows from…

Latest StoriesRegulatory

ITAT: Redevelopment Rights Transfer Not Taxable as ‘Other Income’

MUMBAI: The Mumbai Income Tax Appellate Tribunal (ITAT) has made a pivotal ruling affecting property owners engaged in redevelopment projects. It determined that payments received for the transfer of development rights should be classified as ‘capital gains’ rather than ‘income from other sources.’ The tribunal also noted that taxpayers meeting specific legal requirements can claim exemptions under Section 54EC of the Income-Tax (I-T) Act by investing their capital gains in designated bonds. Such reinvestment can help lower the taxable amount of capital gains. This ruling is particularly significant in light of numerous redevelopment projects reshaping Mumbai and its surrounding areas.…

Latest StoriesRegulatory

Uttarakhand HC Cancels DM’s Fire NOC for Dehradun Builder

DEHRADUN: The Uttarakhand High Court has annulled an order from the former Dehradun District Magistrate, Sonika, that required the fire department to issue a no-objection certificate (NOC) for the Pinnacle Residency group housing complex, despite known fire safety deficiencies. Justice Manoj Kumar Tiwari deemed the order “legally unsustainable”. The issue revolves around unauthorized construction by M/s Disha Hospitality Private Limited, which allegedly strayed from the building plan sanctioned by the Mussoorie Dehradun Development Authority (MDDA). Residents raised concerns in court, claiming that the construction, including RCC slabs and other unauthorized structures, obstructed access for fire emergency vehicles, thereby violating the…

Latest StoriesRegulatory

Telangana HC Blocks GHMC Demolition of Somajiguda BLISS Project

HYDERABAD: The Telangana High Court provided temporary relief to Pradeep Constructions on Wednesday, instructing the GHMC to refrain from taking any coercive action against the BLISS residential project in Somajiguda until July 23. Previously, the civic body issued notices on July 7, claiming that the residential project’s multi-storied buildings were constructed within the full tank level (FTL) of Hussainsagar and that permissions were obtained by withholding pertinent information. The GHMC proposed the demolition of the high-rise structures. Justice Pulla Karthik has scheduled the next hearing for July 23 and directed the authorities involved to submit their responses to the case.…

Latest StoriesRegulatory

12-Year Housing Project Stalled: Refund Ordered for Buyers

NOIDA: The District Consumer Disputes Redressal Commission (DCDRC) has ordered the Yamuna Expressway Industrial Development Authority (YEIDA) to refund ₹2.8 lakh to a flat buyer, with an annual interest rate of 6%, due to the Authority’s failure to deliver a flat as promised in its 2014 housing scheme. Buyer Omveer Singh filed a complaint after the Yamunotri Housing Scheme failed to launch, and he never received possession of his assigned flat. Singh claimed he applied to the scheme on November 28, 2014, and was allotted an 880 square foot, 2BHK flat in Greater Noida’s Sector 22A, having paid a registration…

IndustryLatest Stories

L&T Realty Acquires Delhi Land for ₹200 Crore

Representative AI image NEW DELHI: L&T Realty Developers Ltd (LTRDL), a fully owned subsidiary of Larsen & Toubro (L&T), has acquired a 2.5-acre land parcel in central Delhi for approximately Rs 200 crore, according to two sources familiar with the matter. The Mumbai-based developer, which has been expanding in the National Capital Region through acquisitions in Noida and Gurugram, plans to develop a luxury residential project on this site. This acquisition follows L&T Realty Properties Ltd’s (LTRPL) 100% stake purchase in International Green Scapes Ltd (IGSL), providing access to a 20-acre land parcel in Gurugram with a development potential of…

Latest StoriesResidential

Karnataka CM promises legal steps for apartment owners’ issues

BENGALURU: Karnataka Chief Minister D K Shivakumar assured residents gathered outside his home that the state government would implement legal measures to address their concerns, including issues related to property registration and civic matters. Shivakumar emphasized the challenges many face regarding property ownership, stating that purchasing an apartment should automatically confer rightful ownership. He noted that numerous residents struggle with property registration. “Through the Bhu Guarantee initiative, we will ensure your property is transferred to your name,” he added. This scheme, part of the Karnataka government’s sixth guarantee, aims to secure digital property rights, simplify land ownership, and streamline property…

Latest StoriesRegulatory

SC to Hear ED’s Plea on Amrapali Money Laundering Case Transfer

NEW DELHI: On Wednesday, the Supreme Court agreed to consider the Enforcement Directorate’s plea regarding the Allahabad High Court’s ruling that transferred a money laundering case involving the Amrapali group, accused of diverting homebuyers’ funds. The Lucknow bench of the High Court, on August 11, 2025, decided to move the case filed by the ED against Ajay Kumar and two others from a special PMLA court in Lucknow to a designated court in Ghaziabad. The Supreme Court, comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana, acknowledged the arguments presented by Additional Solicitor General S V Raju,…

InfrastructureLatest Stories

Kalyan-Dombivli fines Titwala for waste management failure

Kalyan: The Kalyan-Dombivli Municipal Corporation (KDMC) has levied a penalty of ₹1 lakh against Regency Sarvam township in Titwala for allegedly failing to manage its solid waste, officials reported on Tuesday, according to Pradeep Gupta. The civic body’s Solid Waste Management Department took this action following numerous complaints about the township’s malfunctioning garbage collection and waste processing facilities, which led to improper waste disposal. Following directives from KDMC Commissioner Abhinav Goel and Additional Commissioner Harshal Gaikwad, Deputy Commissioner (Solid Waste Management) Ramdas Kokare ordered an inspection. A sanitation officer and his team discovered that the township’s internal waste processing facility…

IndustryLatest Stories

Karnataka Launches Apartment Bill to Protect Property Owners

BENGALURU: On Wednesday, the Karnataka government introduced the proposed Karnataka Apartment (Ownership and Management) Bill, 2026. This initiative aims to repeal outdated laws that have been in place for over fifty years and establish a cohesive legal framework that will protect the rights of apartment owners, improve governance, and support the redevelopment of aging residential complexes. The proposed legislation, developed in consultation with apartment owners’ associations in Bengaluru, seeks to replace the Karnataka Apartment Ownership Act of 1972 and the Karnataka Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act of 1972. The government posits that…