Category: Latest Stories

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Latest StoriesRera

Telangana RERA Orders Aliens Developers to Refund ₹2 Lakh

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has mandated Aliens Developers Pvt Ltd to refund ₹2,00,000 to a homebuyer, Bakki Sneha of Karwan, within 30 days. This amount reflects the remaining balance of a booking advance for a flat in the ‘Aliens Space Station’ project located in Tellapur, Sangareddy district. As per the order issued on Wednesday, Sneha had initially booked a flat in the project, paying ₹2.5 lakh on May 31, 2020. However, after cancelling her booking, she only received ₹50,000 as a partial refund in October 2022. Despite her repeated requests, the remaining amount of ₹2 lakh…

Latest StoriesRegulatory

Residents and Developers Urge JDA Action Post-HC Ruling on Jaipur Colonies

JAIPUR: Following a directive from the Rajasthan High Court for the removal of unauthorized constructions on government land in Jaipur, both residents and developers are calling for stringent action against encroachments in the state capital. The court, while addressing a PIL regarding 87 illegal colonies in the Sanganer area, instructed the Rajasthan Housing Board and the Jaipur Development Authority (JDA) to clear unauthorized constructions and provide a compliance report within four weeks. The next hearing is set for December 9. Residents and real estate developers have reported that substantial areas in Sanganer tehsil, designated for urban development, have been illegally…

Latest StoriesResidential

Guntur’s 120-Day Online Window to Legalize Illegal Buildings

GUNTUR: The state government has introduced guidelines for the regularisation of buildings constructed without permission or that deviate from approved plans through the Building Penalisation Scheme (BPS). Municipal Commissioner Puli Srinivasulu explained that this initiative aims to help property owners legalise their constructions. Applications for regularisation under the BPS must be submitted online within 120 days from the date of the order, he clarified. The Commissioner noted that certain relaxations have been implemented to encourage public participation. Buildings constructed before December 1, 1997, will receive a 25% concession on penal charges, and residential buildings up to G+1 on 60 square…

Latest StoriesRegulatory

Kolkata: NKDA Warns 13 Homeowners Over Commercial Use

Representative Image KOLKATA: The NKDA has issued notices to the owners of 13 residential buildings in New Town for unlawfully operating commercial establishments. Previously, notices had already been sent to a few other owners. These homeowners have been using their residences as guest houses, restaurants, private offices, and pre-schools without the required permissions. An NKDA official stated, “Most of these properties presented significant fire hazards and operated without NKDA approval. Some owners have even altered their approved building plans.” Published On Nov 12, 2025 at 06:00 PM IST Join a community of over 2 million industry professionals. Subscribe to our…

IndustryLatest Stories

Noida Restores Rehab Benefits to Sikka Infra Amid ₹252 Crore Dues

Representative AI image NOIDA: The Noida Authority board has given preliminary approval to Sikka Infrastructure to regain benefits under the state government’s legacy stalled project policy for its Sector 143B housing project, Sikka Karnam Greens. This relief will take effect only after the builder withdraws its pending revision petition with the state government. The Authority had previously revoked all benefits granted to Sikka under the stalled project policy and issued a recovery certificate (RC) for dues amounting to approximately ₹252 crore. The latest decision states that the RC will be withdrawn once Sikka meets the stipulated conditions, including the withdrawal…

Latest StoriesRegulatory

ED probes 14 sites linked to ex-Lodha Developers director

MUMBAI: The Enforcement Directorate (ED) has conducted searches at 14 locations in Mumbai and nearby areas associated with Rajendra Lodha, the former director of Lodha Developers (now Macrotech Developers), and his associates as part of a money laundering investigation. Rajendra is accused of defrauding the Lodha Group, established by minister and BJP leader Mangal Prabhat Lodha, by illegally selling apartments in a New Cuffe Parade project. The city crime branch had previously arrested him, leading to the ED’s case based on that FIR. One of the locations searched belonged to Vinod Patil, the brother of a former MNS MLA. Neighbors,…

IndustryLatest Stories

HDFC Capital Advisors Exits Adarsh Developers Again

HDFC Capital Advisors, the private equity branch of HDFC Bank, has successfully exited its second investment of ₹1,100 crore in Bengaluru’s Adarsh Developers. This comes from a total commitment of ₹2,500 crore across four investments with the company. The platform was established in 2022 to develop 17 mid-income residential projects, totaling 10,000 units across 15 million sq ft, in key Bengaluru areas such as Bellandur, Gunjur, Hennur, JP Nagar, and Banashankari. HDFC Capital’s initial investment of ₹395 crore was exited in Q2 2024 with a gross internal rate of return (IRR) of 21%, while the second investment was exited at…

Latest StoriesRegulatory

Charges Filed Against SRS Group Promoters in ₹2,200 Cr Scam

Representative image GURUGRAM: A significant development in one of North India’s largest real estate fraud cases has emerged as a PMLA court has charged key officials and promoters of the SRS Group in connection with a ₹2,200-crore money laundering investigation led by the Enforcement Directorate (ED). The court’s order, issued on Nov 3, lists charges against Anil Jindal, the promoter-director of SRS Group, along with Vinod Jindal, Bishan Bansal, Rajesh Singla, Vinod Kumar Garg, Navneet Kwatra, Seema Narang, Dheeraj Gupta, and Devender Adhana. Charges have also been filed against three corporate entities: SRS Real Estate, Horizon Global, and SRS Finance.…

IndustryLatest Stories

BPTP Plans to List Its Real Estate Venture

BPTP Ltd is in the process of selecting a merchant banker to facilitate the listing of its real estate division, according to sources familiar with the matter. This Delhi-NCR-centric firm, boasting a land bank of 45-50 million sq ft, is planning to roll out projects valued at Rs 10,000 crore annually, along with establishing a distinct rental portfolio. CEO Manik Malik refrained from providing comments on the IPO plans, but mentioned that the company possesses enough land resources to launch projects worth Rs 40,000 crore, with intentions to continue acquiring strategically located land parcels. “In recent years, we have focused…

Latest StoriesResidential

BDA Resolves 20-Year Arkavathy Dispute, Allots 784 Sites

Representative AI image BENGALURU: In a long-awaited resolution to one of its most contentious issues, the BDA on Monday allocated 784 alternative plots in the Nadaprabhu Kempegowda Layout (NPKL) to allottees from the Arkavathy Layout who lost their sites due to land denotification and reallocation. The allotment, which utilized a computerized randomization process at the BDA headquarters, took mere minutes to complete, marking the end of a two-decade struggle for many beneficiaries. Officials stated that this initiative aimed to provide long-delayed relief to allottees awaiting resolution since 2005-06. “We have allocated 784 sites at once to resolve a longstanding issue…