Category: Latest Stories

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IndustryLatest Stories

AAI to Assess Mumbai Building Heights Case-by-Case

Representative Image MUMBAI: A recent Airports Authority of India (AAI) circular addressing the effects of high frequency (HF) transmitters on vertical development may provide a solution for stalled redevelopment projects in the Juhu area. Dated March 18, 2026, the circular announced the formation of a regional committee to evaluate impacted zones, assess aviation safety implications, and establish guidelines for allowable building heights on a case-by-case basis. “There is a demand for reviewing regulations regarding HF transmitters, as the absence of clear standards from ICAO (International Civil Aviation Organisation) is hindering the vertical growth of metropolitan areas,” it stated. Residents of…

Latest StoriesResidential

Thane: 11 Cheated in Fake Housing Scheme; Credentials Misused

THANE: In Maharashtra’s Thane district, fraudsters reportedly deceived 11 residents by enticing them with low-cost housing options under a government scheme. They allegedly forged credentials to open bank accounts for larger financial transactions, according to police reports released on Monday. A 54-year-old woman from Ulhasnagar, who filed the complaint, claimed that the suspects built her trust by offering a house at a discounted price under the Maharashtra Housing and Area Development Authority (MHADA) scheme. The perpetrators attracted victims by presenting MHADA flats at economical rates and collected funds over the past two years. They misappropriated personal information to acquire SIM…

Latest StoriesResidential

Chhattisgarh Tops in Rural Housing with 600,000 Homes Built FY26

RAIPUR: Chhattisgarh has achieved a remarkable milestone in rural housing by constructing over six lakh houses in the financial year 2025-26, the highest in India, announced a state government official on Monday. This accomplishment highlights a strategic emphasis on efficient delivery, with well-coordinated schemes ensuring housing support reaches eligible families promptly. Thanks to the leadership of Chief Minister Vishnu Deo Sai and Deputy Chief Minister Vijay Sharma, progress has been accelerated by the effective implementation of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), PM JANMAN Yojana, and Mukhyamantri Awas Yojana. These strategic alignments have expedited project execution and broadened coverage. “In…

Latest StoriesRegulatory

NCLAT Limits Vatika’s Insolvency Order to Gurugram Project

NEW DELHI: The NCLAT has provided partial relief to NCR-based real estate firm Vatika by limiting the ongoing insolvency proceedings to a specific project, “Project Aspirations,” located in Gurgaon. The National Company Law Appellate Tribunal (NCLAT) modified the earlier order from the National Company Law Tribunal (NCLT), clarifying that “CIRP cannot encompass all other projects” of Vatika. On February 3, following a plea from IDBI Trusteeship Services, the NCLT initiated the Corporate Insolvency Resolution Process (CIRP) against Vatika and appointed an Interim Resolution Professional (IRP) while enforcing a moratorium. This decision was subsequently challenged by Surender Singh, a director of…

IndustryLatest Stories

Lodha Developers Secures ₹500 Crore via Debenture Issue

NEW DELHI: Lodha Developers Ltd, a prominent real estate firm, announced on Monday that it has successfully raised Rs 500 crore through the issuance of debentures. According to a regulatory filing, the company’s board approved the allocation of 50,000 non-convertible debentures (NCDs) worth Rs 1 lakh each, totaling Rs 500 crore via private placement. The interest rate is set at 8.52 percent per annum, payable biannually. Lodha Developers is one of India’s leading real estate companies, with a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has also acquired land in the Delhi-NCR region to…

Latest StoriesRegulatory

ED Seizes ₹270 Crore in Assets from Ex-Lodha Director Rajendra

NEW DELHI: The Enforcement Directorate (ED) announced on Monday the attachment of land parcels and other immovable assets exceeding Rs 270 crore as part of its money laundering probe against Rajendra Lodha, former director of Lodha Developers, a realty firm based in Maharashtra. A provisional order was issued on March 26 under the Prevention of Money Laundering Act (PMLA), which values the properties at Rs 271.48 crore, according to the ED’s statement. The attached assets include lands situated in the Panvel and Shahapur talukas of Maharashtra. Lodha was arrested by the ED in February and is currently in judicial custody.…

IndustryLatest Stories

DLF Sells IT-SEZ and Land in Kolkata for ₹710 Crore

Representative Image NEW DELHI: DLF, a leading real estate developer, has finalized a deal to sell its IT-ITeS special economic zone (SEZ) project along with nearly 18 acres of undeveloped land in Kolkata for Rs 710 crore to the Srijan Group, as part of its asset monetization strategy. The announcement came in April last year. In a regulatory update on Monday, DLF reported that the transfer of its IT/ITeS SEZ assets, including ‘DLF TechPark II’, has been completed to Makalu Builders LLP, which is associated with Srijan Group and Srijan Realty Pvt Ltd. Additionally, the company has sold a 17.75-acre…

IndustryLatest Stories

Pune: Talathi, Officer Block Mutation Plea Due to Lapses

PUNE: The inquiry report on the Mundhwa land issue, led by Vikas Kharge, reveals that local revenue officials, including the talathi and circle officer, initially identified irregularities in the contentious sale and halted the mutation in their records. However, procedural oversights and a lack of notification to higher authorities later compromised scrutiny. The report indicates that approximately 45 acres of government land, identified as survey no. 88 in Mundhwa, was registered on May 20, 2005, at the Haveli sub-registrar’s office in favor of Amadea Enterprises LLP for ₹300 crore, encompassing 17 hectares of land. On May 21, 2005, partner Digvijay…

IndustryLatest Stories

PE Inflows in Indian Real Estate Surge 59% to $6.7B by 2025

NEW DELHI: Private equity investments in Indian real estate surged 59% year-on-year to reach $6.7 billion in 2025, fueled by high demand in core asset classes and a favorable macroeconomic environment, according to a recent report by Savills India. Office assets received the largest investment share, totaling $2.4 billion, or over 35% of the total influx, supported by steady leasing activity. The data center and residential segments contributed 23% and 21% respectively, showcasing a growing investor interest in digital infrastructure and housing. Foreign investors accounted for a substantial 76% of total inflows at $5.1 billion, reflecting continued global confidence in…

Latest StoriesResidential

Lulu Group buys Sunder Nagar bungalow in Delhi for ₹89.5 crore

NEW DELHI: Fair Exports (India) Pvt Ltd, a subsidiary of Lulu Group International and exporter of meat, fruits, and vegetables, has purchased a bungalow in Delhi’s Sunder Nagar for Rs 89.5 crore, according to official documents. Najimudeen Ebrahimkutty, Chief Executive Officer (CEO) of Fair Exports, was involved in the transaction. The company also paid Rs 6.26 crore in stamp duty for this deal. “The seller, Kuldeep Singh Lamba, is currently living abroad, which delayed the documentation process. Lulu Group has been searching for residential property in Lutyens Delhi for quite some time,” shared a source familiar with the transaction. Sunder…