Category: Latest Stories

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IndustryLatest Stories

Raymond Realty logs ₹700 crore in Q1 FY27 pre-sales

NEW DELHI: Raymond Realty reported pre-sales of ₹700 crore in Q1 FY27, a significant increase of 129% compared to ₹306 crore in the same quarter of the previous fiscal year, according to the company’s provisional operational update. The company achieved this performance without launching any new residential projects during the quarter. Quarterly collections rose by 47% year-on-year to ₹550 crore, bolstered by the existing project pipeline. The company deployed ₹198 crore in borrowings during the quarter, primarily for construction and working capital of projects initiated in FY26. Total outstanding borrowings reached ₹1,097 crore as of June 30, 2026, versus ₹380…

Latest StoriesRera

Haryana RERA Orders BPTP to Refund Maintenance with 11% Interest

NEW DELHI: The Gurugram bench of the Haryana Real Estate Regulatory Authority (RERA) has ordered BPTP to refund ₹1,16,545 in maintenance charges to an allottee, along with an 11% annual interest from the date of collection until the amount is realized. This ruling was made in response to complaint no. 531 of 2024, lodged by an allottee of an apartment in Park Spacio, Sector 37D, Gurugram. The complainant asserted that the promoter compelled him to pay maintenance fees prior to the handover of the unit. He pointed out that the builder-buyer agreement did not provide for such advance payments. The…

IndustryLatest Stories

Max Estates achieves ₹1,100 crore pre-sales in Q1 FY27

NEW DELHI: Max Estates reported pre-sales of ₹1,100 crore in Q1 FY27, marking a growth of over five times compared to the same quarter in the previous financial year. During the quarter, the company sold 487 units across its Noida and Gurugram projects, a significant increase from just 43 units sold in Q1 FY26. The recently launched Phase-I of The Terraces was completely sold out, contributing approximately ₹500 crore in sales revenue, while sustained sales added another ₹600 crore to the quarter’s total. Max Estates achieved collections of about ₹500 crore in Q1 FY27, reporting that annual collections typically represent…

Latest StoriesRera

Tamil Nadu RERA Sets Graded Penalties for Misleading Ads

For homebuyers attracted by glossy brochures and grand promises, Tamil Nadu’s real estate regulator has introduced an additional layer of protection. A year after strengthening norms to prevent misleading real estate advertisements, the Tamil Nadu Real Estate Regulatory Authority (TNRERA) has implemented a graded penalty system. According to a circular issued in June, from July 1, developers who breach advertising regulations will face fines of up to ₹5 lakh. This initiative aims to ensure stricter compliance with transparency norms established last year and to deter misleading marketing practices in the real estate sector. The advertising guidelines, effective from July 1,…

Latest StoriesRegulatory

Bombay HC Approves MHADA’s Major Redevelopment in Bandra, Worli

MUMBAI: The Bombay High Court has authorized the cluster redevelopment of two major MHADA layouts in Bandra Reclamation and Adarsh Nagar, Worli. The court dismissed multiple petitions contesting the Maharashtra government and MHADA’s decision on the redevelopment and the tender process for appointing a Construction and Development Agency. A bench of Justices M S Karnik and S M Modak stated that cluster redevelopment is an effective method for orderly city development. “Mumbai must grow and adapt to meet the demands of its thriving markets and economic opportunities,” the court explained. The High Court ruled that the state government’s decisions were…

IndustryLatest Stories

Punjab Cabinet Approves Changes to Land Pooling Policy

CHANDIGARH: The Punjab Cabinet has approved amendments to the state’s land pooling policy to provide enhanced benefits to landowners. During a meeting on Wednesday evening, the cabinet also agreed to waive facilitation charges for essential services such as birth and caste certificates in light of the ongoing Special Intensive Revision (SIR) of electoral rolls. Finance Minister Harpal Singh Cheema addressed the media on Thursday, announcing that landowners will now receive a commercial plot of 210 square yards for every acre of land contributed under the pooling policy, up from 200 square yards. As per the current policy, landowners are entitled…

IndustryLatest Stories

Signature Global Assesses Senior Living Sector

Representative AI image NEW DELHI: Signature Global (India) is exploring opportunities in the senior living segment as part of its long-term growth strategy, according to founder and chairman Pradeep Aggarwal. Aggarwal noted, “Senior living is becoming a vital segment in India’s residential real estate market, influenced by shifting demographics, increased life expectancy, changing family dynamics, and growing aspirations for improved quality of life among senior citizens.” He further mentioned that while the segment is still in its early stages and requires more ecosystem support, awareness, and scale, it presents significant long-term potential. “We are carefully examining opportunities in this area…

Latest StoriesRegulatory

Telangana HC Denies Halt on 400-Acre Kukatpally Land Sales

HYDERABAD: On Wednesday, the Telangana High Court denied an interim relief to prevent the sale, registration, or alienation of over 400 acres of land in Kukatpally associated with GOCL Corporation, Hinduja Estates, Squarespace Infra City, Honor Homes, and other private entities. The court stipulated that any transactions related to these disputed properties would depend on the final ruling of the case. Justice NV Shravan Kumar instructed the state government and relevant departments to submit their official responses within three weeks and postponed the case for further hearings. The court’s decision follows a writ petition by businessman Chinthala Srinivas Reddy from…

CommercialLatest Stories

Report: National Flex Workspace Brands Could See 25% Price Hike by FY28

NEW DELHI: According to a report by myHQ, national flex workspace brands in India currently have a 19% pricing premium over independent operators, with this gap projected to grow to 25% by FY28. The analysis covered 1,384 coworking centers across 30 cities, utilizing five years of transaction data from over 10,000 companies. National brands such as WeWork, Awfis, Smartworks, 91Springboard, and Innov8 charge a median of ₹8,600 per seat per month from 2021 to 2026, compared to ₹7,200 per seat per month for independent operators in similar areas and quality categories. This results in a ₹1,400 difference per seat per…

Latest StoriesRegulatory

NGT Orders Land Restoration and Compensation for Illegal Brick Kilns

Representative image VIJAYAWADA: The National Green Tribunal (NGT) recently mandated that the NTR district authorities evaluate the environmental damage from unauthorized brick kiln activities in the region. They are to quantify compensation within three months and restore the impacted agricultural land and water bodies. This ruling follows a petition from Ramisetti Suresh Kumar, a farmer and ex-serviceman from Vinagadapa village in Gampalagudem mandal. The tribunal instructed the Andhra Pradesh Pollution Control Board (APPCB) to assess damages from operators running brick kilns without the necessary clearances, which resulted in deteriorating air quality and reduced soil fertility. The tribunal also ordered the…