Category: Latest Stories

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InfrastructureLatest Stories

Tests by DGCA & UP Assess Noida Airport Readiness Pre-Launch

Sure! Here’s a rewritten version of the content: File Photo NOIDA: Following the successful completion of calibration tests at Noida International Airport, officials from the Directorate General of Civil Aviation (DGCA) are scheduled to meet with the UP civil aviation department on Thursday. The purpose of the meeting is to assess the airport’s readiness for an aerodrome license and to identify any outstanding requirements. The aerodrome license will facilitate the initiation of commercial flight operations, which are anticipated to commence in December. Essential criteria under the aerodrome manual for obtaining an aerodrome license involve certified runway strength, appropriate safety areas,…

Latest StoriesRera

Haryana RERA Directs Ocean Seven Buildtech to Refund Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority has instructed a builder to refund Rs 7,30,000 to an allottee following the cancellation of a flat due to non-payment of dues. Sachin Kumar contested the cancellation of his unit in Expressway Towers under the affordable housing initiative in Sector-109. The total cost of the unit was Rs 12,28,000, with Kumar having paid Rs 7,31,251, representing 60% of the total price. The builder issued a cancellation notice on September 3, 2021, for non-payment of the remaining balance. On November 13, the Authority ordered Ocean Seven Buildtech to refund the paid amount of Rs…

Latest StoriesRera

West Bengal REAT Extends Project Registration Deadline

KOLKATA: The West Bengal Real Estate Appellate Tribunal has ruled to restrict the extension period for a housing project’s registration. This decision follows legal challenges and regulatory issues stemming from the Supreme Court’s 2021 ruling that annulled the West Bengal Housing Industry Regulation Act, 2017. The project, Essense by Periwal Constructions LLP, was initially registered with the West Bengal Housing Industry Regulatory Authority (WBHIRA) from September 6, 2019, to June 30, 2024. However, it encountered several obstacles due to the Covid-19 pandemic and subsequent legal issues. Construction was halted by the Howrah Municipal Corporation in September 2022, a decision that…

IndustryLatest Stories

Maharashtra approves free regularization for small plot deals

NAGPUR: On Tuesday, the Maharashtra government approved a significant reform to regularize thousands of small land transactions that previously violated the state’s fragmentation law. This initiative aims to provide long-awaited legal recognition to holdings that have remained uncertain for decades. The revenue department has introduced a new operating framework allowing these plots to be regularized without incurring any fees, benefiting nearly 60 lakh property owners. Previously, individuals seeking regularization were required to pay a penalty of 25% of the land’s current market value, which was later reduced to 5%. However, participation remained low. Officials noted that waiving all fees aims…

Latest StoriesResidential

Lucknow e-auction nets ₹425 crore in property sales

LUCKNOW: The Lucknow Development Authority (LDA) recorded property sales exceeding Rs 425 crore in its recent e-auction, with bids reaching up to three times the reserve price in various instances. For instance, a 75 sq m residential plot in Sector 5, originally valued at Rs 28 lakh, sold for an impressive Rs 1.5 crore. According to LDA vice chairperson Prathamesh Kumar, a land audit and drone survey exposed properties under illegal occupation, leading to their clearance and subsequent public bidding. In Gomtinagar Extension’s Sectors 5 and 6, 95 residential and seven commercial plots attracted bids, with 88 of them selling…

Latest StoriesResidential

Karkardooma Tower Project Sees 1,500 Bids, Exceeds Flat Supply

NEW DELHI: The Delhi Development Authority (DDA) announced the successful reception of bids for its upcoming high-rise project, ‘DDA Towering Heights’, located in Karkardooma. Officials reported this on Wednesday. This initiative marks the first housing project created under Delhi’s Transit Oriented Development (TOD) policy. “Approximately 1,500 bids have been received for the 1,026 two-bedroom flats available. The central location and excellent connectivity options have significantly driven demand,” officials noted. Situated next to the Karkardooma metro station, this project offers direct access to both the Blue and Pink lines of the Delhi metro, alongside easy connections to National Highway (NH)-9, NH-24,…

Latest StoriesResidential

Maharashtra Updates: Incentives for Rental Housing in MMR

Representative AI image MUMBAI: Developers are being incentivized to develop rental housing in the Mumbai Metropolitan Region (MMR). This includes a full income tax waiver on rental income for 10 years, a 5-year property tax exemption, and GST concessions. Additionally, the Maharashtra Housing Area Development Authority (Mhada) has proposed a free increase in floor space index—0.5 in Mumbai and 0.3 in MMR. On Wednesday, Mhada’s vice-president, Sanjeev Jaiswal, presented the draft rental housing policy to builders, seeking their feedback for refinement. Mhada is designated as the nodal agency for this policy and has suggested a 50% reduction in development charges,…

Latest StoriesRegulatory

SC Criticizes SEBI’s Double Standards in Indiabulls Probe

NEW DELHI: The Supreme Court has expressed concerns over the CBI and SEBI’s “reluctance” to investigate allegations of questionable transactions involving Indiabulls Housing Finance Limited (IHFL), now rebranded as Sammaan Capital Limited. The court ordered the CBI director to convene a meeting with SEBI, SFIO, and ED to address the matter. A bench including Justices Surya Kant, Ujjal Bhuyan, and N. Kotiswar Singh criticized the Ministry of Corporate Affairs (MCA) for its handling of multiple offenses committed by IHFL, citing “double standards” in SEBI’s regulatory actions. The court questioned the delay in filing a First Information Report (FIR) and emphasized…

IndustryLatest Stories

Godrej Properties buys 3.8 acres in Bengaluru

Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired a 3.8-acre land parcel on Sarjapur Road in South Bengaluru. This project has a revenue potential of ₹2,400 crore and a development potential of two million sq. ft. With this acquisition, GPL anticipates an estimated total revenue potential of ₹3,500 crore, encompassing a total of three million sq. ft. across a larger 30-acre development. Published On Nov 20, 2025 at 09:25 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & updates. Get all the ETRealty updates right on your smartphone!

Latest StoriesResidential

Residents question uneven enforcement of Delhi’s Building Bylaws

Representative AI image NEW DELHI: Local residents are voicing concerns regarding the selective enforcement of the Unified Building Bylaws (UBBL), claiming it results in “absurd sanctions” for structures sanctioned by the Municipal Corporation of Delhi (MCD). They argue that inconsistencies in the guidelines and their interpretation are distorting zonal planning, compromising privacy, increasing fire risks between adjacent properties, and exacerbating noise issues. For example, properties larger than 500 square meters are mandated to have a six-meter setback at the front and three meters on the remaining sides. However, applicants can obtain approval for smaller plots (250-500 square meters) to utilize…