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Latest StoriesRegulatory

Delhi HC Denies Restraining Property Sale Amid Frivolous Case

NEW DELHI: The Delhi High Court has stated that frivolous cases filed against a property cannot be used as a “weapon of harassment,” allowing an owner with a contested building to proceed with its sale or transfer. “The law acknowledges that courts possess the authority, in suitable cases, to exempt properties from the constraints of Section 52 of the Transfer of Property Act. This exemption serves to protect genuine property owners from being ensnared in vexatious, frivolous, or bad faith litigations,” remarked Justices Anil Kshetarpal and Harish V Shankar in a recent ruling. The court also levied a penalty of…

IndustryLatest Stories

Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…

Latest StoriesRera

Haryana RERA: Agrante Realty to Pay 11% Interest for Delay

Here’s the rewritten content: GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) bench in Gurugram has mandated Agrante Realty to pay a 10.9% annual interest as compensation for delayed possession to a homebuyer in their Kavyam affordable housing project located in Sector 108. This ruling, issued on October 8, was a result of the builder’s failure to deliver the flat despite having received nearly full payment by 2022. Homebuyer Alok Ranjan Tripathi booked his flat in 2019, signing the apartment buyers agreement on August 29 of the same year, which set the possession deadline as August 31, 2023. Agrante was…

Latest StoriesRegulatory

SC to Hear Sahara Firm’s Asset Sale Plea to Adani Tuesday

NEW DELHI: The Supreme Court is set to hear a plea from Sahara India Commercial Corporation Ltd (SICCL) on Tuesday, requesting permission to sell properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, will consider the request at 2 PM. On Monday, an attorney presented another plea regarding the release of salaries for employees at a Sahara group firm, noting that salaries have been on hold since 2014. Additionally, a lawyer representing one of…

IndustryLatest Stories

Signature Global Pre-Sales Reach ₹46.5 Billion in H1 FY26

NEW DELHI: Signature Global has announced pre-sales of ₹46.5 billion for H1 FY26, alongside collections of ₹18.7 billion for the same timeframe. In Q2 FY26, pre-sales reached ₹20.1 billion, with collections increasing to ₹9.4 billion. The average sales price during this quarter was ₹15,000 per sq ft, compared to ₹12,457 per sq ft in FY25. The company’s net debt has slightly increased to ₹9.7 billion due to the purchase of 33.47 acres of land in the key Sohna micro-market, which has a development potential of approximately 1.76 million sq ft. Chairman and whole-time director Pradeep Kumar Aggarwal stated, “We continue…

IndustryLatest Stories

Arnya Realestates Fund Investments: ₹415 Crore in Housing Projects

NEW DELHI: Arnya Realestates Fund Advisors has invested ₹415 crore in residential projects located in Bengaluru and Navi Mumbai. The fund has partnered with Vaishnavi Group for a villa project in southeast Bengaluru and MAIA Estates for a premium apartment project in South Central Bengaluru, as well as Gami Group for a mixed-use project in Navi Mumbai and Casagrand for an apartment project in South Bengaluru. The firm’s assets under management (AUM) have exceeded ₹675 crore, with total deployments anticipated to surpass ₹1,200 crore by March 2026. Recently, they launched a residential equity fund in collaboration with Supreme Universal, aiming…

Latest StoriesResidential

Neil Nitin Mukesh and Dad Purchase ₹11.35 Crore Mumbai Apartment

NEW DELHI: Neil Nitin Mukesh Chand Mathur and his father, Nitin Mukesh Chand Mathur, have acquired an apartment in World One by Lodha Group, located in Lower Parel, Mumbai, for ₹11.35 crore. The apartment boasts a carpet area of 189.89 sq meters (2,044 sq ft) and includes two designated parking spaces. The transaction was subject to a stamp duty of ₹68.10 lakh, along with registration fees of ₹30,000, as indicated by the property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The registration of this transaction took place in July 2025. Published on Oct 13,…

IndustryLatest Stories

Punjab Alters Land Use Rules to Encourage Investment

LUDHIANA: The Punjab government has recently overturned a previous policy, officially separating change of land use (CLU) permissions from the final approval of building and layout plans. This decision, enacted by the state’s housing and urban development department, aims to streamline the development process, responding to the needs of investors looking to secure bank loans and clearances earlier in the process. This change reinstates the former system, which had been integrated in 2023 into a unified application for CLU and layout plan/license to develop colonies. Municipal corporation (MC) officials and the Greater Ludhiana Area Development Authority (GLADA) have been directed…

IndustryLatest Stories

Ghaziabad: Higher FAR & Mixed Use to Boost TOD Zone Revenue 200%

GHAZIABAD: The launch of the transit-oriented development (TOD) policy along the 45km rapid rail corridor is poised to substantially enhance revenue generation. This policy will increase the floor area ratio (FAR) in the TOD influence area by 33–50% from the current 1.5, with provisions for mixed land use. Authorities estimate that this initiative could boost revenue from the zone by more than 200%. Officials confirmed that the Ghaziabad Development Authority (GDA) and the National Capital Region Transport Corporation (NCRTC) will share revenue generated from TOD equally. NCRTC has requested GDA to ensure that revenue from map approvals within the TOD…

Latest StoriesResidential

Houses by Slum Development Board to be Distributed in Hubballi in November

HUBBALLI: The Slum Development Board will distribute a total of 42,346 houses across the state, including Hubballi, at a significant ceremony on November 29, led by Chief Minister Siddaramaiah, as announced by Housing Minister BZ Zameer Ahmed Khan. Minister Khan informed reporters on Sunday that a large venue has been selected for the grand event, covering an area of 17-18 acres, capable of accommodating approximately 150,000 attendees. He highlighted that while previous CM Siddaramaiah approved the construction of 180,000 houses through the Slum Board and an additional 47,863 under the Rajiv Gandhi Housing Scheme, the government faced hurdles during the…