Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

Latest StoriesRegulatory

HC Resumes Building Violation Case; DLF 1-5 Owners Can Object

GURUGRAM: A pivotal development has emerged regarding the long-standing issues of illegal construction and the commercial misuse of residential properties in DLF 1 to 5. The Punjab and Haryana High Court has instructed the town and country planning department to gather objections from all plot and homeowners who received prior notices. Affected homeowners have until December 31 to submit their objections or representations to the enforcement office, with no submissions accepted past this date. With the case returning to the High Court, the town and country planning department is tasked with compiling objections and providing hearings for all affected homeowners.…

IndustryLatest Stories

Brookfield India REIT Initiates QIP for ₹3,500 Crore

NEW DELHI: Brookfield India Real Estate Trust is set to raise up to Rs 3,500 crore through the sale of units to institutional investors. On Thursday, the company initiated its Qualified Institutional Placement (QIP) issue to generate funds. Recently, unitholders of Brookfield India Real Estate Trust endorsed a proposal to secure funding through one or more institutional placements. According to a regulatory announcement, the issue committee of Brookprop Management Services Pvt Ltd, which manages Brookfield India REIT, has authorized the opening of the QIP issue on December 4, 2025, to start receiving bids. The panel also approved a floor price…

IndustryLatest Stories

DDA Faces ₹17,000 Crore in Liabilities, 34,000 Flats Unsold

Representative image NEW DELHI: As of March this year, the liabilities of the Delhi Development Authority (DDA) totaled approximately Rs 17,000 crore, the Lok Sabha was informed on Thursday. Union Minister of State for Housing and Urban Affairs, Tokhan Sahu, stated in a written response that the DDA has confirmed that all liabilities are paid promptly. The minister noted that no instances of mismanagement or administrative inefficiency have been observed within the land-owning agency. According to the data provided, DDA’s liabilities amounted to Rs 16,987.98 crore as of March 31, 2025. The agency also updated its housing inventory statistics in…

Latest StoriesRegulatory

SC Orders Noida Authority to Act on Sports City Proposals

NEW DELHI: The Supreme Court of India has instructed developers involved in the Noida Sports City project to submit revised proposals to the Noida authority within two weeks. The authority must take appropriate action within the following four weeks. This order was issued while hearing several special leave petitions related to redevelopment, dues, occupancy certificates, and enforcement issues surrounding plot SC-02 in Sector 150 and other related parcels in the Sports City scheme. The ruling, delivered by a bench led by Justice M.M. Sundresh and Justice Satish Chandra Sharma on November 24, 2025, provides a comprehensive framework for addressing dues,…

Latest StoriesRegulatory

SC Grants One-Week Stay for UP Property Demolition Petitions

NEW DELHI: The Supreme Court on Thursday granted temporary relief for one week to two petitioners whose properties in Uttar Pradesh are slated for demolition. The court directed that the current state of affairs be preserved until the specified time. A bench comprised of Justices Vikram Nath and Sandeep Mehta instructed the petitioners, who claimed that partial demolition of their residential or banquet hall properties had already occurred, to seek further orders from the Allahabad High Court. The court cited the ongoing partial demolition as the basis for granting this week of interim relief. “Taking into consideration the aforementioned scenario,…

Latest StoriesRegulatory

No GST on Leasing Residential Premises as Student Hostels: SC

NEW DELHI: The Supreme Court ruled on Thursday that leasing residential premises to entities utilizing them as hostels for students and working professionals is exempt from GST. Justices JB Pardiwala and KV Viswanathan upheld the Karnataka High Court’s decision, affirming that such leasing practices are indeed exempt under GST. “In this instance, the primary purpose of the property as a residence is unchanged. Imposing an 18% GST on the transaction between the respondent No. 1 and the lessee, M/s DTwelve Spaces Private Limited, would eventually burden students and working professionals, undermining the legislative intent of providing exemptions for residential use,”…

InfrastructureLatest Stories

Andhra Pradesh Launches Phase II of Amaravati Land Pooling

Representative AI image VIJAYAWADA: Following cabinet approval, the state government is advancing with the second phase of the Land Pooling Scheme (LPS) in Amaravati by formally designating the CRDA to pool 6,666.57 acres. The CRDA will manage all land types—both titled and assigned—across seven villages for the capital city’s expansion. The CRDA plans to pool about 1,965 acres in Vaikunthapuram, 1,018 acres in Peddamadduru, 1,879 acres in Yendrayi village, and 46 acres of assigned land in Palnadu district’s Amaravati mandal. Additionally, it will acquire 2,603 acres of patta land and 51 acres of assigned land in Karlapudi and Lemalle villages…

InfrastructureLatest Stories

Illegal Water Connections Discovered in Rajasthan Housing Colony

Representative AI image JAIPUR: The Public Health Engineering Department (PHED) has identified 70 illegal water connections in Ratnagiri Apartment located in Indira Gandhi Nagar, part of the Rajasthan Housing Board (RHB) in Jagatpura. This finding is likely to initiate a broader investigation, especially concerning the possibility of multiple unauthorized connections in other RHB colonies within Indira Gandhi Nagar and Pratap Nagar. “The issue mirrors many RHB apartments and homes in Indira Gandhi Nagar and Pratap Nagar. There are few consumers with legitimate drinking water connections, while numerous illegal connections exist. We plan to launch a campaign against these unauthorized connections…

Latest StoriesRera

Homebuyers of 129 Projects Should Contact IRPs, Not UP-RERA

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has released a public advisory following the admission of 129 real estate projects from 14 developers into the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT) from January 2024 to the present. As insolvency proceedings commence, UP-RERA has instructed affected homebuyers to submit their claims exclusively to the appointed Insolvency Resolution Professionals (IRPs) for each project, as per the guidelines of the Insolvency and Bankruptcy Code (IBC). RERA jurisdiction suspended during moratorium UP-RERA stated that once a project enters the CIRP, a moratorium under section 14…

IndustryLatest Stories

Minister suggests potential third phase for Amaravati land pooling

Representative AI image VIJAYAWADA: Municipal Administration Minister P Narayana announced the continuation of the Land Pooling Scheme (LPS) to facilitate land acquisition for future capital city projects. In a media briefing on Wednesday, he stated that the action plan for the next phase will be disclosed upon the completion of phase-II, which was initiated two days ago. During his address, Narayana confirmed that the government has issued orders for pooling 16,666 acres in phase-II, designated for the railway track, railway station, Inner Ring Road (IRR), and a sports city. He mentioned that additional land might be necessary for the proposed…