Category: Latest Stories

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Latest StoriesRera

Linking Property Registration with MahaRERA to Combat Fraud

Representative image created by AI PUNE: The state registration department is set to merge its property registration site with the MahaRERA portal to prevent fraudulent property transactions. This proposal will be discussed in an upcoming meeting with government agency representatives. Senior officials confirmed on Tuesday that this integration will allow sub-registrars to verify project RERA registration numbers in real-time prior to completing any transaction. “We have received approval for this process, which will be initiated following consultations. This move will verify project approvals and title statuses, ensuring that developers are RERA-registered before any property registration,” an official stated. Developer associations…

Latest StoriesRegulatory

Adani Group’s Bid for Troubled Jaiprakash Associates Approved

NEW DELHI: The Competition Commission of India (CCI) has in principle approved Adani Group’s acquisition of the financially troubled Jaiprakash Associates, contingent on a successful bid in the ongoing insolvency proceedings. The proposed transaction involves Adani Enterprises Ltd (AEL) and Adani Infrastructure and Developers Pvt Ltd (AIDPL) seeking to acquire up to 100% of Jaiprakash Associates Ltd (JAL), as outlined in a statement from the regulator on Tuesday. The CCI noted that an approval is essential for the concerned entity to submit a resolution plan following a recent Supreme Court ruling regarding the Insolvency and Bankruptcy Code (IBC). The approval…

IndustryLatest Stories

Maharashtra’s Intra-District Property Registrations Top 60,000

PUNE: The state government’s initiative allowing citizens to register property at any sub-registrar office within their district has surpassed 60,000 registrations since its launch on May 1, officials reported on Tuesday. However, plans for inter-district registration are unlikely to materialize until next year. “There are technical and legal challenges that need to be resolved before implementing this statewide system. Stakeholders have expressed concerns, and significant changes are required in the software. Therefore, it won’t be possible to roll it out before next year,” said a senior official from the state registration department. A total of 60,694 documents have been processed…

Latest StoriesResidential

Chandigarh Uphelds Group Housing Society Property Status Quo

CHANDIGARH: In a setback for group housing and cooperative society allottees in the city facing challenges with conversion, unearned increase, need-based changes, and completion certificates, the Chandigarh administration has decided to maintain the status quo on these issues. This response comes after a communication from the Ministry of Home Affairs (MHA) addressing five major property-related concerns. Unearned Increase on Flats The “unearned increase” imposition remains a contentious issue for housing society allottees. If the original transferee (allottee/lessee) sells, gifts, mortgages, or otherwise transfers rights after the 15-year ban period, one-fourth of the unearned increase must be paid to the government…

Latest StoriesRera

Haryana RERA Orders Agrante Realty to Compensate Buyers for Delay

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has mandated Agrante Realty to compensate homebuyers for delayed possession of its affordable housing project, Kavyam, located in Sector 108. In response to four complaints from allottees, HRera’s ruling on July 11, 2025, stated that the developer had not delivered possession by the agreed date of February 20, 2024, despite having collected nearly all sale amounts. The authority evaluated these cases collectively due to their similar circumstances. Homebuyers contended that they purchased flats under the Affordable Housing Policy of 2013, with an expectation of possession within four years following the environmental clearance.…

CommercialLatest Stories

REITs in India’s office market could reach 30% by 2030: Colliers

NEW DELHI: According to Colliers India, the penetration of Real Estate Investment Trusts (REITs) in India’s office segment could rise from the current 16% to 25–30% by 2030. The report reveals that about 500 million sq ft (msf) of office assets in the country are suitable for REIT listing. Currently, 133 msf have been included under four operational office REITs, with an additional 371 msf of Grade A office space identified for potential future listings. Big Opportunities in SBDs The report underscores significant potential for REIT expansion, noting that 371 msf of Grade A office assets—46% of the current stock—could…

Latest StoriesRegulatory

ED Arrests Ex-Director of Sahiti Infratech in ₹800 Crore Case

HYDERABAD: The Enforcement Directorate’s Hyderabad unit has arrested Sandu Purnachandra Rao, the former director of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL), under the Prevention of Money Laundering Act (PMLA) for allegedly defrauding homebuyers of crores of rupees. Rao was taken into custody on Monday and presented before a special PMLA court in Nampally on Tuesday, where he was remanded to 15 days of judicial custody. Sahiti Infra is charged with defrauding homebuyers of approximately ₹360 crore. The ED initiated its investigation following an FIR filed by Telangana Police against SIVIPL, its managing director B. Lakshminarayan, and others, highlighting a…

Latest StoriesRegulatory

SC Tightens Rules for Sand-Mining Leases

NEW DELHI: The Supreme Court has delivered a pivotal ruling linking the amount of sand mining to a river’s capacity for replenishment. This judgment aims to curb the degradation of riverbeds, making it more complex to obtain leases for extracting essential construction materials from riverbanks. A bench comprising Justices P S Narasimha and A S Chandurkar advanced the regulatory framework for sand mining, stating that extraction activities must align with the river’s ability to replenish itself—similar to the regulation of timber felling in forests based on their regeneration capacity. The bench remarked, “Just as forest conservation necessitates evaluating tree growth…

Latest StoriesResidential

West Bengal CM: 2.26 Lakh Pattas Issued for Homes Statewide

BARDHAMAN: West Bengal Chief Minister Mamata Banerjee, reaffirming her dedication to social welfare, announced on Tuesday that since taking office in 2011, her administration has distributed 2.26 lakh pattas (land deeds) to empower individuals with the right to their homes. Under the Trinamool Congress (TMC) leadership, the state has successfully provided water supply to 76% of rural areas and 78% of urban regions, aiming to cover the remaining areas soon. While addressing a public function regarding land deed distribution in Purba Bardhaman, the CM remarked, “We believe in fulfilling our promises.” “Since 2011, we’ve issued 2.26 lakh home pattas, 1.80…

CommercialLatest Stories

TCS Signs ₹2,130 Crore Lease for 1.4M Sq Ft in Bengaluru

Mumbai-based Tata Consultancy Services (TCS) has secured a new lease for 1.4 million square feet of office space at 360 Business Park in Electronic City. This represents one of the largest office transactions in Bengaluru in recent years. Lease documents obtained by TOI through Propstack indicate that the agreement includes Towers 5A and 5B, consisting of 6.8 lakh square feet in Tower 5A and 7.2 lakh square feet in Tower 5B. The landlord for this space is Labzone Electronics City Pvt Ltd. The agreement is structured in two phases. The first phase, which encompasses the ground floor plus seven floors,…