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.

CommercialLatest Stories

Zomato Leases 2.7 Lakh Sq Ft Office in Gurugram

Eternal Ltd’s Zomato has secured a lease for 270,000 sq ft at Tata Realty and Infrastructure’s Intellion Park in Gurugram to expand its office space in the area, according to two sources familiar with the situation. The food delivery service is also in advanced discussions to lease around 1 million sq ft more in Gurugram, with the potential to double this space, which could become one of the largest office leasing agreements in the country. Zomato already occupies a significant office space in the Pioneer Group building within the same vicinity. Details regarding the monthly rent remain undisclosed. Both Zomato…

Latest StoriesRegulatory

Bombay HC Probes 20-Year Delay in Wadala Slum Rehab

MUMBAI: The Bombay High Court has instructed the Chief Executive Officer (CEO) of the Slum Rehabilitation Authority (SRA) to investigate the nearly 20-year delay in implementing a slum rehabilitation scheme in Wadala West, and to report on its expected completion date. “It is unacceptable for SRA schemes on public land to be executed with such negligence, especially after 20 years of implementation,” remarked a bench of Justices Girish Kulkarni and Aarti Sathe on Monday. This directive came after the court resolved a petition from Sitabai Kolambkar and Wadala Village Welfare CHSL, which sought to nullify an April 2024 order from…

InfrastructureLatest Stories

25 Acres of Aravali Forest Cleared of Buildings and Walls

GURUGRAM: On Friday, approximately 25 acres of encroached land in the Raisina Hills of Sohna were cleared in a demolition drive focused on the Aravalis. The operation, led by the forest department, aimed to dismantle boundary walls, farmhouses, and other illegal structures on protected land. Officials stated that this action seeks to reclaim forest and PLPA-notified areas that have faced extensive illegal encroachments over the years. “We are committed to removing encroachments on forest and Aravali land. Additional drives will be conducted in the upcoming days. Notices will be published in newspapers, allowing 10 days for public responses before further…

IndustryLatest Stories

YEIDA Offers One-Year Relief to Plot Allottees, Unveils New Policy

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) held a board meeting where several important decisions were made to aid plot allottees, enhance mobility, and improve regional infrastructure in preparation for the impending launch of the Noida International Airport. During the meeting on Friday, approvals included time extensions for plot development, a new one-time settlement (OTS) policy, the design approval for the Authority’s new headquarters, and the introduction of hydrogen-fueled buses in collaboration with NTPC. YEIDA extended the deadline for allottees of residential plots who are unable to start construction due to pending land availability and infrastructure issues.…

Latest StoriesRegulatory

NCLAT Halts Mahagun Insolvency, Orders NCLT to Rehear Case

NEW DELHI: In a significant development for the real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has annulled the insolvency proceedings against it and instructed the NCLT to reconsider the petition in light of a new status report relating to the projects. A two-member bench of the appellate tribunal noted that the NCLT had overlooked crucial guidelines from the Supreme Court’s ruling in the Mansi Brar Fernandes case, which stipulates that insolvency proceedings for real estate should be project-specific. Additionally, the NCLAT acknowledged an intervention request from various homebuyers associated with different Mahagun projects, seeking to overturn…

Latest StoriesRegulatory

SC orders probe into stalled Greater Noida housing project

NEW DELHI: In a pivotal decision, the Supreme Court on Friday established a one-member committee led by former Allahabad High Court judge Pankaj Naqvi to conduct a thorough inquiry and propose a practical roadmap for a stalled housing project in Greater Noida, Uttar Pradesh. The court ordered an independent probe into a long-standing housing dispute involving the Golf Course Sahkari Awas Samiti (formerly JP Greens Employees Sahkari Awas Samiti) and the Greater Noida Industrial Development Authority (GNIDA). This conflict has impacted hundreds of homebuyers who have been waiting for possession of their apartments for almost two decades. “The evidence clearly…

Latest StoriesRegulatory

SC Flags Issues, Urges Law Panel to Explore Blockchain for Property

NEW DELHI: The Supreme Court has raised concerns about systemic weaknesses in colonial-era property laws, advocating for nationwide reform. The court has instructed the Law Commission to create a comprehensive report examining the use of Blockchain technology to modernize property registration processes. Blockchain technology offers a secure, transparent, and immutable digital ledger for property transactions, significantly reducing fraud and improving verification processes for ownership and transactions through smart contracts. This directive followed a landmark ruling from a bench consisting of Justices Pamidighantam Sri Narasimha and Joymalya Bagchi, which invalidated Bihar’s 2019 amendment that allowed registration authorities to deny registration of…

Housing FinanceLatest Stories

Blackstone Secures CCI Nod for 80% Stake in Aadhar Housing

NEW DELHI: The Competition Commission of India (CCI) has approved the proposal from Blackstone’s subsidiary to acquire up to 80.15% stake in Aadhar Housing Finance Ltd. Blackstone, through its arm BCP Asia II Holdco VII Pte Ltd, is set to acquire the 80.15% stake in Aadhar Housing Finance Ltd (AHFL). The CCI’s release stated: “The proposed combination involves the acquisition of up to 80.15% shareholding in Aadhar Housing Finance Ltd (target/AHFL) by BCP Asia II Holdco VII Pte. Ltd (acquirer/BCP Asia) via a secondary acquisition and an open offer to the public shareholders of the target.” Aadhar Housing Finance Ltd…

IndustryLatest Stories

Puravankara’s Q2 FY26 Net Loss Expands to ₹43 Crore

NEW DELHI: Puravankara has reported a net consolidated loss after tax of ₹42.99 crore for the quarter ending September 30, 2025, compared to a loss after tax of ₹17.06 crore for the same quarter last year, as stated in a filing to the BSE. The company’s net consolidated total income for Q2 FY26 reached ₹662.73 crore, marking a 27.53% increase from ₹519.68 crore recorded in the same quarter of the previous year. Ashish Puravankara, managing director, stated, “In Q2 FY26, we maintained strong growth, driven solely by sustainable sales, achieving pre-sales of ₹1,322 crore and collections of ₹1,047 crore, both…

Housing FinanceLatest Stories

Aadhar Housing Finance Q2 FY26 Net Profit Up 17.12%

NEW DELHI: Aadhar Housing Finance has announced a 17.12% rise in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax reached ₹266.47 crore in Q2 FY26, compared to ₹227.51 crore during the same quarter last year, as disclosed in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹899.26 crore, marking a 17.66% increase from ₹764.28 crore in the corresponding quarter of the previous year. Rishi Anand, MD & CEO, stated, “We completed the first half of FY26 strongly, buoyed by robust operational performance and consistent demand in the affordable…