Category: Latest Stories

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Latest StoriesRera

Cops Team Up with Karnataka-RERA Against Defaulting Builders

BENGALURU: In a significant step towards recovering over ₹750 crore in overdue payments from builders, the police department has agreed to deliver notices issued by the Karnataka Real Estate Regulatory Authority (K-RERA) to non-compliant developers. Homebuyers have repeatedly called upon K-RERA, the Revenue Department, and the state government to take firmer measures against builders accused of violating regulations, including delays in flat handovers. Documents obtained by Bangalore Mirror indicate that a recent meeting focused on establishing collaboration between K-RERA and the police for issuing these notices. Chaired by the Chief Secretary, the discussion explored the possibility of sending notifications through…

Latest StoriesResidential

YEIDA to Develop Housing Clusters for Heritage City

NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) is set to develop residential and commercial clusters in the Heritage City project at Raya, close to Mathura-Vrindavan, rather than a private developer as initially planned. The project will adopt a public-private partnership (PPP) model to enhance religious, cultural, and tourism infrastructure within the ₹7,200-crore hub of the Braj pilgrim circuit. The project, situated in the proposed Raya Urban Centre, will span 753 acres and feature a heritage-themed township, a 30 km Yamuna riverfront, and a 100-foot statue of Lord Krishna at its center. Additional proposals include wellness and yoga centers, hotels,…

Latest StoriesRegulatory

Bombay HC Restores Registration of Housing Society Federation

MUMBAI: The Bombay High Court has reinstated the registration certificate of a housing society federation, stating that the decision to deregister it was legally “unsustainable.” Justice Amit Borkar emphasized, “Judicial discretion cannot be exercised to reward falsehood,” noting that the deregistration occurred following a seven-year delay, with the appeal based on evidently false claims without credible evidence. The Federation of Cooperative Housing Societies from Borivli West challenged an April 2025 order by the divisional joint registrar of Cooperative Societies, which annulled its status as a ‘Cooperative Society’—a designation granted in January 2018 under the Maharashtra Cooperative Societies Act. The petition…

Latest StoriesRegulatory

SC Issues Notice to CBI on Ex-DHFL Promoter’s Bail Plea

NEW DELHI: The Supreme Court has requested a response from the CBI regarding a bail application submitted by former DHFL promoter Kapil Wadhawan in connection with an alleged ₹34,926 crore bank fraud case. A bench comprising Justices JK Maheshwari and Vijay Bishnoi has issued notice to the agency for its response. On August 4, the Delhi High Court denied Wadhawan bail, citing that his conduct during custody was “not beyond reproach.” The court emphasized that economic offences affect not only individual victims but the financial system as a whole. The CBI contends that Wadhawan, as the promoter and CMD of…

Housing FinanceLatest Stories

PNB Housing Finance Q2 FY26 Net Profit Up 23.83%

NEW DELHI: PNB Housing Finance has reported a 23.83% increase in net consolidated growth for the quarter ending September 30, 2025. The profit after tax stood at ₹581.59 crore in Q2 FY26, up from ₹469.68 crore in the same quarter last fiscal year, according to a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹2,130.60 crore, reflecting a year-on-year growth of 13.35% from ₹1,879.66 crore in the same quarter last year. Jatul Anand, executive director of PNB Housing Finance, stated, “Despite facing challenges from leadership transitions, we’ve shown robust performance across key metrics this quarter. Our…

IndustryLatest Stories

Pune Builder Requests Jain Trust to Cancel Deal

PUNE: Amid ongoing controversy surrounding the sale of a prominent property owned by a Jain trust in Pune, the involved private builder has formally requested the cancellation of the deal. On Sunday, Vishal Gokhale, a partner at Gokhale Landmarks LLP, sent an email to the Seth Hirachand Nemchand Smarak Trust, notifying the trustees of his intention to withdraw from the transaction and request the cancellation of the sale deed. In his message, he pointed to “numerous false and misleading rumors” circulating publicly that raised questions about the legitimacy of the deal and suggested improper motives. Opponents of the property deal…

Latest StoriesResidential

Delhi Residents Cannot Complain About DDA’s Housing Quality

NEW DELHI: Homebuyers will not be able to raise complaints regarding defects in the flats offered through the Delhi Development Authority’s (DDA) Towering Heights premium housing scheme in East Delhi, as per the terms outlined in the scheme. Earlier this month, the DDA introduced 1,026 premium 2 BHK flats starting at Rs 1.78 crore, developed under its Transit-Oriented Development (TOD) policy. According to the scheme’s brochure, available on its official site, section 18.4 states, “DDA shall also not entertain complaints about the price of the flat, its design, the quality of materials used, workmanship, or any other defects.” Allottees are…

IndustryLatest Stories

Shriram Properties to Co-Develop Row Houses in Yelahanka

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a seven-acre parcel of land, part of a larger 15-acre site in North Bengaluru. The company plans to develop a row house project with an estimated gross development value (GDV) of ₹600 crore. According to Akshay Murali, Vice President of Business Development, “Yelahanka’s robust infrastructure growth and its proximity to the upcoming biodiversity park make it an ideal location for premium row houses.” This project reiterates the company’s commitment to its asset-light growth strategy, emphasizing partnerships and efficient capital allocation in high-potential areas. Published…

CommercialLatest Stories

Starlink Leases Office Space in Mumbai’s Chandivali

Representative image Elon Musk’s Starlink Satellite Communications Pvt Ltd has taken a significant step in its expansion plans by leasing office space in the Chandivali suburb of Mumbai. This move is part of Starlink’s strategy to establish a presence in India as it aims to secure regulatory approvals and start operations in the country. This marks the first reported office space leased by Starlink in Mumbai, an important development as the company intensifies its efforts in India. The company has signed a lease for a ground floor area at the Boomerang commercial property in Chandivali, with the lease set for…

Latest StoriesRegulatory

Khadki Cantonment to Tackle Commercial Use of Public Spaces

PUNE: The Khadki Cantonment Board (KCB) is set to take stringent measures against individuals and organizations exploiting public properties created for the benefit of local residents. This decision comes after a review of properties within the board’s jurisdiction and numerous complaints from residents. In the last ten years, marriage halls, gyms, community centers, and temples have been built on cantonment land with funding from the MLA Local Area Development Scheme. However, officials have noted that these spaces are often managed by private operators for profit, undermining their initial purpose. KCB’s CEO, Manisha Lohia, confirmed the board’s findings. “These facilities were…