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

SC Raises Concerns About Gurugram Court’s Cheque Bounce Cases

NEW DELHI: The Supreme Court expressed concerns regarding coercive actions taken by a Gurugram trial court against homebuyers, indicating it will review the situation based on substantial information it has. A bench comprising Justices Surya Kant and N. Kotiswar Singh directed the district and sessions judge in Gurugram to investigate the issuance of bailable and non-bailable warrants related to cheque bounce cases under the Negotiable Instrument Act aimed at recovering money from homebuyers. “We are receiving numerous reports regarding the Gurugram trial court’s conduct. We will investigate and determine appropriate actions,” noted the bench. This directive was given during the…

Latest StoriesResidential

Manipal Group’s Promoters Purchase ₹64 Crore Bengaluru Apartment

Image for representation Shruti R Pai, the spouse of Manipal Education and Medical Group Chairman Ranjan Pai, has purchased a luxurious apartment in Bengaluru’s Jayamahal Extension for ₹64 crore, as per property registration records from Zapkey. The sale was made through Savyasachi Projects, with representatives Parag S. Maniar and H. Vijayanath Hegde facilitating the transaction. The apartment, situated in the exclusive Savyasachi Sarayu project, occupies the 13th and 14th floors, covering a super built-up area of 12,800 sq ft and a carpet area of 9,929 sq ft. This deal translates to ₹64,457 per sq ft based on the carpet area—a…

Latest StoriesRegulatory

Punjab Cabinet Greenlights Changes to Land Pooling Policy

CHANDIGARH: The Punjab Cabinet has approved revisions to its land pooling policy, with Chief Minister Bhagwant Mann criticizing opposition parties for what he calls misinformation about the scheme. Mann refuted claims from the opposition that the policy would “rob” farmers of their land, asserting that the agricultural community is supportive of the initiative. Last month, the Punjab Cabinet endorsed this land pooling policy, ensuring that no land will be forcibly acquired from owners. After a Cabinet meeting, Mann stated that the opposition’s assertion that land registries will cease once a notification is issued is unfounded. He explained that if an…

Latest StoriesRegulatory

Final Warning Issued to 60 Sushant Lok Homes in Gurugram

GURUGRAM: More than a month after receiving no responses from property owners regarding its notices, the Department of Town and Country Planning (DTCP), led by District Town Planner Amit Madholia, has intensified enforcement efforts in Sushant Lok 2. Restoration orders have now been issued for over 60 residential properties due to violations of building codes and unauthorized commercial activities. These restoration orders serve as the final warning—failure to comply could result in “sealing, demolition, or even cancellation of occupation certificates.” Amit Madholia stated, “This action is being conducted in strict accordance with planning regulations. Property owners who have violated residential…

IndustryLatest Stories

Adani Group seeks approval to acquire Jaiprakash Associates

NEW DELHI: The Adani Group, led by billionaire Gautam Adani, has requested the Competition Commission of India (CCI) for approval to acquire Jaiprakash Associates Ltd (JAL). This move follows an unconditional bid made by the Adani Group for the financially troubled JAL, currently undergoing a corporate insolvency resolution process (CIRP). The notice submitted to the CCI states, “The proposed acquisition pertains to owning up to 100% of the shareholding in Jaiprakash Associates Ltd by Adani Enterprises Ltd and Adani Infrastructure and Developers Pvt Ltd or any related entity within the Adani Group.” Adani Enterprises Ltd (AEL) is the leading company…

Latest StoriesResidential

UP Cabinet Boosts Women: 1% Stamp Duty Discount on Property

LUCKNOW: The Uttar Pradesh Cabinet has approved a 1% discount in stamp duty for properties valued up to Rs 1 crore when registered in a woman’s name. This decision was made during a Cabinet meeting led by Chief Minister Yogi Adityanath at Lok Bhavan, as stated by the UP government. A total of 37 proposals were approved during this session. Previously, this exemption was limited to properties worth up to Rs 10 lakh, with a maximum discount of Rs 10,000. The government has now expanded this exemption to include properties valued up to Rs 1 crore. Labour Minister Anil Rajbhar…

CommercialLatest Stories

Adani Group to Build Paytm’s IT Complex in Noida

NEW DELHI: Manorview Developers, a subsidiary of Adani Group, has announced plans to develop an IT and ITES complex for One97 Communications, the parent company of the Paytm brand, in Noida, according to a regulatory filing. In 2018, the Noida Authority allocated a 10-acre plot in Sector 159 for this development. The filing indicated, “The company is now taking independent steps to advance the project. The board has approved the proposal to appoint Manorview Developers Private Limited as the Engineering, Procurement, and Construction (EPC) Contractor, pending the execution of definitive agreements.” In January 2024, Paytm’s board approved a Joint Development…

Latest StoriesRera

Odisha: Departments to Submit RERA Act Action Reports

BHUBANESWAR: The housing and urban development department is taking steps to enhance the Odisha Real Estate Regulatory Authority (ORERA). Specific tasks have been assigned to various government departments and agencies, along with deadlines for their completion. They have been asked to submit reports on their progress. In a communication to the agencies, Satish Chandra Singh, Joint Secretary of the housing and urban development department, noted that a high-level meeting, chaired by the Chief Secretary, was held on June 17 to address the implementation of the RERA Act of 2016. The Chief Secretary plans to hold another review meeting soon. Singh…

Latest StoriesRegulatory

SC Approves Adani Cementation’s Removal of 158 Mangrove Trees

(Representative Image) The Supreme Court has upheld the Bombay High Court’s decision allowing Adani Cementation to remove 158 mangrove trees for the construction of a jetty project along the Amba River in Maharashtra’s Raigad district. This project, which occupies an area of 1.26 hectares within the Coastal Regulation Zone (CRZ) designated for mangrove forests, is intended to facilitate the transportation of cement and other materials via waterways, alongside a conveyor corridor and access road to support a cement grinding and fly ash processing unit and a backup storage unit in Shahapur and Shahabaz. It aims to meet the increasing cement…

IndustryLatest Stories

HCBS to Invest ₹700 Crore in Gurugram Residential Project

NEW DELHI: HCBS Developments is set to invest ₹700 crore in the Twin Horizon residential project located in Sector 102, Gurugram. The anticipated revenue for the project is ₹1,400 crore, covering a total area of 5.2902 acres. This development will include two high-rise towers, offering 268 residential units, with prices starting from ₹4 crore, alongside seven commercial units. All units will be launched as part of a single-phase development, with construction expected to span four years. The project has been designed by Morphogenesis. Published On Jul 22, 2025 at 01:00 PM IST Join over 2M+ industry professionals. Subscribe to our…