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

ED Investigates Reliance Home Finance Over ₹7,000 Crore Loans

NEW DELHI: The Enforcement Directorate (ED) is currently examining extensive documents and digital records obtained from Anil Ambani’s Reliance group during searches conducted from July 24 to Sunday. The agency is particularly focused on the alleged diversion of Rs 12,000 crore in loans by Reliance Home Finance Ltd (RHFL) to various affiliated entities. The ED is receiving support from the National Financial Reporting Authority, CBI, the Securities and Exchange Board of India (SEBI), and the National Housing Bank, as the case involves significant public fund misappropriation. Approximately a dozen related entities are undergoing insolvency proceedings, leading to substantial losses for…

IndustryLatest Stories

Knowledge Realty Trust secures Sebi approval for ₹4,800-crore REIT

NEW DELHI: Knowledge Realty Trust, backed by the Sattva Group and Blackstone, has received approval from SEBI to initiate a public offering for its REIT, aiming to raise ₹4,800 crore. Last month, Knowledge Realty Trust (KRT) successfully gathered ₹1,400 crore from investors as part of the preparations for its first REIT public offering. In early March, KRT filed a draft red herring prospectus (DRHP) with SEBI to launch an initial public offering (IPO) and list the REIT on stock exchanges. This initiative is designed to monetize its portfolio of 30 premium office assets located in major cities. According to sources,…

Housing FinanceLatest Stories

ADQ’s Sheikh Tahnoon Eyes $200M Stake in Aadhar Housing

MUMBAI: An investment entity supported by Abu Dhabi’s sovereign wealth fund, ADQ, and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan, is reportedly in advanced talks to acquire a minority share in Aadhar Housing Finance, which is backed by Blackstone. Sheikh Tahnoon also serves as the national security adviser of the UAE and chairs ADQ. The proposed investment ranges from $200 million to $225 million (approximately Rs 1,750-2,000 crore) for a 10-12% equity stake in the affordable housing finance firm, which launched an IPO in 2024. A formal announcement is anticipated soon. This follows a larger commitment by Blackstone, amounting…

IndustryLatest Stories

No OCs for Hyderabad Builders Over Illegal Debris Disposal

Representative image created by AI HYDERABAD: Building owners may be denied occupancy certificates (OCs) if they do not dispose of construction and demolition (C&D) waste properly, as the Greater Hyderabad Municipal Corporation (GHMC) plans to implement stricter regulations soon. In this regard, the state government has decided to require building owners to submit a C&D waste disposal certificate when applying for occupancy certificates with the GHMC. A government order regarding these regulations is expected within the next few weeks. Officials stress that this initiative aims to reduce illegal dumping on roadways, vacant lots, and water bodies, which has become a…

Latest StoriesResidential

Homebuyers urge CJI, PM to let NBCC finish Supertech projects

Homebuyers from 16 halted housing projects by Supertech have reached out to Chief Justice of India B R Gavai and Prime Minister Narendra Modi, urging intervention to transfer these projects to state-owned NBCC instead of the NCR-based Apex Group. The buyers are requesting the Supreme Court to lift a stay imposed on a December 2024 order from the National Company Law Appellate Tribunal (NCLAT), which directed that these projects be handed over to NBCC (India) Ltd for timely completion. This stay was placed following a revival proposal submitted to the Supreme Court by Apex Group. “After enduring over a decade…

IndustryLatest Stories

Founder of Data for India Buys Vasant Vihar Plot for ₹113 Crore

Representative image created by AI Akhil Wable, the founder of DataforIndia, has purchased a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises. The South Delhi-based real estate firm acquired the plot for Rs 95 crore earlier this year and paid Rs 6.65 crore in stamp duty. However, sources indicate that local authorities are denying permission for construction due to the plot’s proximity to the ridge area. In May, RealtyDailyNews reported that Eleannt Enterprises had executed one of South Delhi’s most expensive land deals. “South Delhi demonstrates a strong demand for real estate. Limited inventory from…

Latest StoriesResidential

18,000+ Tenants and Servants Verified in Chandigarh in 15 Days

Representative image created by AI CHANDIGARH: In a bid to monitor anti-social elements and enhance security ahead of Independence Day, the Chandigarh Police initiated a special campaign to verify tenants and domestic helpers throughout the city. Over a span of 15 days, various police teams conducted verifications for a total of 18,497 tenants and helpers. During the campaign, officers in Sector 49 registered cases against two women employers in Sector 48 for not verifying their domestic helpers through the proper police channels. A total of 9,586 tenants and 8,911 servants were verified across the city’s 16 police stations. This initiative…

InfrastructureLatest Stories

Kolkata: Construction Debris Dumping to Trigger Stop-Work Notices

Representative Image KOLKATA: The Kolkata Municipal Corporation (KMC) is intensifying its approach to monitor the illegal dumping of construction materials on roadways, which contributes to severe waterlogging across the city. From now on, developers working on buildings will be mandated to store construction materials on the ground floor of any new structures immediately post-construction; non-compliance will result in a stop-work order from the authorities. KMC Mayor Firhad Hakim stated on Friday that construction materials need to be stored appropriately on-site. He directed building department officials to issue stop-work notices if materials such as sand, cement, or bricks are found abandoned…

Latest StoriesRegulatory

Bombay HC Rejects Plea, Motilal Redevelopment Progresses

MUMBAI: The Bombay High Court has dismissed a review petition, allowing the redevelopment of 141 acres of MHADA land in Goregaon West, known as Motilal Nagar. MHADA has appointed Adani Realty as the consultant and Development Agency (CDA) for the project, which is expected to be the largest housing initiative in the city. Motilal Nagar Vikas Samiti, a resident group, filed the review petition to contest the court’s initial ruling from March 6, 2025, by Chief Justice Alok Aradhe and Justice Bharati Dangre. They sought an interim stay to prevent MHADA and the awarded developer from proceeding with the project.…

Latest StoriesResidential

EV Charging Points Required for New Housing Societies in Lucknow

LUCKNOW: All new group housing projects in Lucknow are now required to dedicate 20% of their parking spaces specifically for electric vehicles. These designated slots must include charging points and necessary infrastructure. This initiative is part of the updated building bylaws being implemented under Awas Bandhu to integrate EV infrastructure within the city’s residential developments. “This measure aims to promote low-emission transportation and facilitate the transition to sustainable mobility,” stated a senior official from the Lucknow Development Authority (LDA). Furthermore, the LDA plans to initiate a series of residential projects in areas like Gomti Nagar, Aishbagh, and Basant Kunj. The…