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Housing FinanceLatest Stories

Aviom India Housing Finance Promoter Presents Full Settlement Plan

Representative AI image KOLKATA | MUMBAI: The promoter of Aviom India Housing Finance is currently in bankruptcy proceedings and has submitted a revised repayment proposal. This development follows Unity Small Finance Bank winning the bidding for Axiom in a challenge auction. Promoter Kajal Ilmi indicates that the offer includes an upfront payment of ₹554 crore, with the remainder (60% of the owed amount) to be settled over the next 28 months. This upfront payment consists of ₹360 crore in cash available on the company’s books. Aviom India’s administrator, Ram Kumar, has not responded to emailed inquiries and has acknowledged 60…

InfrastructureLatest Stories

Union Cabinet Approves Three New Delhi Metro Extensions

NEW DELHI: In a significant enhancement to Delhi’s infrastructure, the Union Cabinet approved three new Metro corridors on Wednesday. This includes a 9.91-km stretch from RK Ashram Marg to Indraprastha, connecting key locations such as Kartavya Bhavans, India Gate, Bharat Mandapam, and the National War Memorial in Lutyens’ Delhi. The new Central Vista corridor will provide direct access to office-goers and visitors, benefiting approximately 60,000 daily commuters and 200,000 visitors. This development aims to reduce pollution and reliance on fossil fuels, enhancing the overall quality of life, according to an official statement. The corridor will feature stations including RK Ashram…

Latest StoriesRegulatory

Chandigarh HC Raps HSVP for Current Plot Rates, Grants Oustees Relief

CHANDIGARH: The Punjab and Haryana High Court has granted a significant relief to land oustees. It has overturned the Haryana Shehri Vikas Pradhikaran’s (HSVP) decision to charge current market rates for residential plots, stating that charges should reflect the rates valid at the time applications were submitted. The court emphasized that beneficiaries should not face penalties for delays caused by authorities. The court concluded that when delays in allotment were entirely due to the authorities, oustees had the right to plots at the rates applicable during the application period, rather than the increased current rates. The division bench, led by…

Latest StoriesResidential

Arjun Sharma Acquires South Delhi Property for ₹125 Crore

Representative Image Arjun Sharma, co-founder of Delhi’s Select City Walk mall and now a non-executive director at Nexus Select Trust, has acquired an extensive bungalow in South Delhi’s West End for ₹125 crore, according to exclusive documents from the data analytics firm CRE Matrix. Sharma purchased the property through Select World Tours, where he serves as director. Documents indicate that Sharma has paid ₹8.75 crore in stamp duty for this transaction. “West End remains highly desirable as there are only about 100 bungalows, and sales are rare. The colony has A, B, and C sections, each with distinct plot sizes.…

IndustryLatest Stories

NBCC Launches Real Estate Operations in Dubai

NEW DELHI: NBCC (India) has launched its international real estate ventures in Dubai through its wholly-owned subsidiary, NBCC Overseas Real Estate LLC. This subsidiary has acquired a land parcel in Dubai Mainland for AED 16 million, which includes AED 1 million for DLD, brokerage, and other associated costs, aimed at a mixed-use development. The development will have a Gross Floor Area (GFA) of 51,718 sq ft, featuring a configuration of G+2P+8 floors, with expected project revenue in the range of AED 58-60 million. Additionally, NBCC announced signing a memorandum of understanding (MoU) with the Mumbai Port Authority (MbPA) for the…

CommercialLatest Stories

Embassy REIT Sells 3.76 Lakh Sq Ft in Manyata Park for ₹530 Cr

Representative image NEW DELHI: Embassy Office Parks REIT has finalized the sale of around 3.76 lakh sq ft comprising two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for ₹530 crore to EAAA Alternatives’ inaugural commercial real estate fund—Rental Yield Plus (RYP). Amit Shetty, CEO of Embassy REIT, stated, “This divestment is part of our capital recycling strategy, enhances portfolio efficiency, and gives us more flexibility for reinvestment into new opportunities.” This transaction marks RYP’s third investment, strengthening the fund’s holdings within Greenheart Tech Park, located in Embassy Manyata Business Park. Subahoo Chordia, CEO of EAAA Alternatives, noted, “This…

Latest StoriesResidential

J Estates Expands into Senior Living Housing Sector

NEW DELHI: J Estates is venturing into the senior living housing sector as part of its diversification strategy. The company plans to launch three senior living projects in Gurugram, spanning over eight acres and totaling approximately 450 units. The anticipated gross development value (GDV) of these projects is ₹2,100 crore. According to the United Nations Population Fund (UNFPA), the senior population in India (aged 80 and above) is expected to grow by around 279% between 2022 and 2050. Published On Dec 24, 2025 at 05:00 PM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the…

IndustryLatest Stories

Prestige Group buys 25-acre site in Medavakkam, Chennai

Representative image NEW DELHI: Prestige Group has secured a 25-acre land parcel in Medavakkam, Chennai. This land holds the potential for approximately five million square feet of development, estimated to generate over ₹5,000 crore in top-line revenue. In early December 2025, Prestige Falcon Realty, a wholly-owned subsidiary, along with Prestige Projects, acquired a partnership interest in Bharatnagar Buildcon LLP, as disclosed in a regulatory filing. The subsidiaries invested ₹938.75 crore through capital and current account contributions in the LLP. As a result of this acquisition, the company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP, with 63.12%…

IndustryLatest Stories

Pune Land Deal: Parth Pawar’s Firm Seeks Sale Deed Cancellation

PUNE: Amadea Enterprises LLP, co-owned by Parth Pawar, son of Maharashtra’s Deputy Chief Minister Ajit Pawar, has initiated a civil lawsuit against Sheetal Tejwani, the power of attorney holder for the Mundhwa land, in a bid to annul the sale deed. Digvijay Patil, a partner in the firm, filed this suit in a Pune court under Section 31, concerning the cancellation of written documents, including sale deeds or contracts as stated in the Specific Relief Act of 1963. According to court filings, a hearing is set for January 15, 2026. Issues arose concerning the sale of 40 acres of land…

IndustryLatest Stories

Nisus Finance Buys Dubai Motor City Tower for ₹536 Crore

Nisus Finance Services Company (NiFCO), a publicly listed alternative fund manager and urban infrastructure investor, has made its largest investment in the UAE by acquiring the entire residential tower Lootah Avenue in Dubai Motor City for ₹536 crore. This investment includes the acquisition of the property on a 3.34-acre parcel, along with transaction costs and refurbishment expenses. The multi-level building features two basements, a ground floor, 23 residential floors, and a rooftop. It offers a gross floor area of 304,680 sq ft and a net saleable area of 260,000 sq ft. Completed in 2021, Lootah Avenue consists of 273 apartments,…