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

Builder Arrested in Dahisar for Alleged Land Fraud

MUMBAI: A builder based in Vile Parle has been arrested by the crime branch for his suspected involvement in a land-grabbing scheme utilizing forged powers of attorney, fake bank accounts, and fraudulent possession transfers concerning prime land in Dahisar. The property cell of the crime branch took Kalpesh Kanubhai Shah, director of Puja Land and Premises Pvt Ltd, into custody for allegedly conspiring to wrongfully obtain possession rights over approximately 16,288.3 square meters of land through fabricated documentation. Shah was presented in Esplanade Court, which has ordered him to spend seven days in police custody. The alleged fraudulent activities surfaced…

Latest StoriesRera

Landowners Share Liability with Builders for Incomplete Projects: Kerala-RERA

KOCHI: In a significant ruling, the Kerala Real Estate Regulatory Authority (K-RERA) has determined that landowners cannot avoid accountability if a housing project fails, assuming they were involved in its financing or profit-sharing. They will be regarded as “joint promoters” and held jointly accountable with the builder to fulfill the promise of delivering homes. The case centers around a housing development by Nest Realties on land owned by Marickar Plantations, where homebuyers booked apartments between 2011 and 2022, paying nearly 95% of the total price. However, after accepting their payments, the builder left the project incomplete, failing to provide essential…

Latest StoriesRera

Odisha RERA Updates QPR Format for Real Estate Projects

BHUBANESWAR: The Odisha Real Estate Regulatory Authority (ORERA) has updated the quarterly progress report (QPR) format for real estate projects, correcting issues in the financial status pro forma that promoters must submit for registered projects. In an announcement made on Wednesday, ORERA noted that it identified certain errors in Pro forma-II(B), which pertains to the project’s financial status and requires certification by a chartered accountant. The authority has since rectified this form and advised updates to the corresponding section of ORERA 2.0. This latest directive follows an earlier modification made by ORERA on April 22, which altered the QPR format…

IndustryLatest Stories

Sunset Spaces to Invest ₹325 Crore in Mumbai Redevelopment

NEW DELHI: Sunset Spaces, a subsidiary of Marathon Nextgen Realty, plans to invest approximately ₹325 crore to redevelop a residential society in Versova, Mumbai. The company has signed a development agreement for the project, which spans about 1.5 acres. This redevelopment initiative has an estimated gross development value exceeding ₹450 crore, marking Marathon Nextgen Realty’s entry into society redevelopment. “I’m thrilled to announce Marathon’s entrance into society redevelopment with this Versova project. This is the first step in a strategic plan to establish a society redevelopment platform across selected micro-markets in Mumbai,” said Parmeet Shah, the company’s director. Published On…

IndustryLatest Stories

Sobha Q1 FY27 Sales Reach ₹3,656 Crore

NEW DELHI: In Q1 FY27, Sobha achieved quarterly sales worth ₹3,656 crore, marking a 76% increase compared to the same quarter last year. The company sold 2.34 million sq ft this quarter, a year-on-year rise of 62%, across 1,432 homes and plots, representing a 78% increase. Their sales value share reached ₹2,992 crore, the highest for any quarter to date. Bengaluru’s sales accounted for ₹2,067 crore, contributing 56.5% of total sales this quarter. NCR recorded ₹1,384 crore in sales, which comprised 37.9% of overall sales. Kerala contributed ₹134 crore, or 3.7% of total sales, while other cities combined contributed ₹71…

Latest StoriesRegulatory

Telangana HC asks HYDRAA, HMDA on three-year lake encroachment delay

HYDERABAD: The Telangana High Court on Thursday responded to allegations that authorities neglected encroachments and illegal constructions around Errakunta Lake, despite complaints over the past three years. The court has ordered the Hyderabad Disaster Response and Asset Protection Authority (HYDRAA) and the Hyderabad Metropolitan Development Authority (HMDA) to provide updates on measures taken to safeguard the water body. Justice B Vijaysen Reddy instructed both agencies to present their positions and announced an adjournment until July 16. The petition was brought forward by advocate Vijay Gopal, representing himself. He argued that HYDRAA displayed selective enforcement, claiming significant recoveries of government land…

InfrastructureLatest Stories

Illegal walls, buildings cleared from protected Aravali land

Representative Image GURUGRAM: On Thursday, approximately three acres of protected Aravali land in Behrampur village were liberated from illegal occupation. In a significant anti-encroachment operation in recent years, the forest department demolished 11 unlawful structures including buildings under construction and boundary walls. The demolitions occurred on land classified under sections 4 and 5 of the Punjab Land Preservation Act (PLPA), which is designated as part of the Aravali Plantation, where non-forest activities require statutory approvals. Using earthmovers, officials dismantled newly constructed brick structures and walls on the protected land. By midday, site debris including broken bricks and twisted steel bars…

Latest StoriesResidential

Lucknow Approves Affordable Housing Plan for Anant Nagar

LUCKNOW: The Lucknow Development Authority (LDA) has sanctioned the construction of Aditi Apartments, a substantial affordable housing project consisting of 1,392 flats within the Anant Nagar scheme. Led by LDA Vice-Chairman Prathamesh Kumar, this housing complex will encompass an 18,411-square-metre plot in Adarsh Khand of Anant Nagar, targeting various income groups of homebuyers. Out of the total units, 412 will be one-bedroom flats, each measuring 38.25 square metres, and 980 will be two-bedroom apartments with a carpet area of 50.10 square metres. The project will feature five residential towers and provide parking for 545 vehicles through basement and stilt parking…

IndustryLatest Stories

Domestic Investors Hold 57% of Real Estate in H1 2026

NEW DELHI: In the first half of 2026, domestic investor inflows in Indian real estate surged by 80% year-on-year, reaching $2.6 billion, which made up 57% of all institutional investments during that period, according to a report from Colliers India. Overall institutional investments in the Indian real estate market amounted to $4.5 billion in H1 2026, representing a 50% increase compared to the same timeframe in 2025. This marks the highest capital inflow for the first half of a calendar year in six years. In Q2 2026, institutional investments grew by 70% year-on-year to $2.9 billion, bolstered by both domestic…

IndustryLatest Stories

Maharashtra Faces Over 128,000 Pending Land Survey Cases

MUMBAI: Revenue Minister Chandrashekhar Bawankule informed the Legislative Assembly on Thursday that there are currently 128,290 pending land survey cases in the state, with an average resolution time of 121 days. Bawankule responded to queries by MLA Bhimrao Tapkir. “To facilitate the appointment of licensed surveyors for survey work, amendments have been made to the Maharashtra Land Revenue (Boundaries and Boundary Marks) Rules, 1969, specifically Rule 13 of 1989. Criteria for technical qualifications, experience, age limit, honorarium, training, licensing, administrative control, and measurement will be established to streamline the tender process for appointing licensed surveyors at the district level by…