Category: Latest Stories

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IndustryLatest Stories

Lodha Developers Secures ₹300 Crore Through NCDs

Representative Image NEW DELHI: Lodha Developers (previously known as Macrotech Developers) has successfully raised ₹300 crore through the issuance of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), as revealed in a regulatory filing on Tuesday. The NCDs were issued at a face value of ₹1 lakh each. These debentures offer an interest rate of 7.96% per annum, which will be paid quarterly starting September 30, 2025, with a maturity date set for July 7, 2028. This financial instrument is secured by a first-ranking charge on specified company assets, as detailed in the Key Information Document dated July 3, 2025.…

IndustryLatest Stories

KVN Properties, Assetz Group to Build 1M Sq Ft Project in Bengaluru

Representative image created by AI NEW DELHI: KVN Properties LLP has formed a strategic development management agreement (DMA) with Assetz Group to launch a residential project in North Bengaluru. The collaboration will facilitate nearly one million sq ft of development, with an anticipated gross development value (GDV) of ₹1,000 crore. The project is planned as a single-phase initiative projected to span 3-4 years. Through this strategic DMA model, KVN Properties will cover all project-related costs, including land acquisition and construction expenses. Meanwhile, Assetz Group will assume the role of development manager. This agreement brings the company’s total residential development commitments…

IndustryLatest Stories

₹30,885 Crore in Land Deals Across India in H1 2025

Representative image created by AI NEW DELHI: The Indian land market saw unprecedented activity in the first half of 2025, with approximately 2,900 acres sold across 76 transactions—exceeding the entire volume of 2024, which consisted of 133 deals covering 2,515 acres. A recent Anarock report indicates that land transactions in H1 2025 alone are valued at ₹30,885 crore, with potential revenue estimated at ₹1.47 lakh crore and a total development capacity exceeding 233 million sq. ft. Among the top seven cities in India, the Mumbai Metropolitan Region (MMR) dominated with 24 land transactions covering over 433 acres, followed by Bengaluru…

Latest StoriesRegulatory

Telangana HC to Hear PIL on 27-Acre Land with Builders

HYDERABAD: The Telangana High Court has agreed to hear a public interest litigation from four Congress MLAs regarding the alleged illegal transfer of 27 acres of valuable government land in Khajaguda, which is valued at over ₹2,000 crore, to private real estate developers. The disputed land, located in survey No. 27/2 of Khajaguda village within the Serilingampally mandal, is reportedly under development for a large high-rise project by private builders. The petitioners have requested the court to instruct the state government to reclaim the land and stop ongoing construction, which they argue is harmful to the environment and based on…

IndustryLatest Stories

Omaxe to invest ₹1,200 crore in 450-acre Indore township

Representative image created by AI NEW DELHI: Omaxe, through its subsidiaries, plans to expand in Madhya Pradesh by acquiring a 450-acre land parcel along the Super Corridor in Indore. The company aims to develop an integrated township on this site with an estimated investment of ₹1,200 crore. The project will be executed in multiple phases and is anticipated to generate ₹2,500 crore in revenue over the next three years. Funding for the project will primarily come from internal accruals. The upcoming township will include a mix of residential plots and clusters, commercial and retail spaces, hospitality areas, as well as…

IndustryLatest Stories

Keystone Realtors’ Q1 FY26 Pre-Sales Surge 75% to ₹10.68B

NEW DELHI: Keystone Realtors has announced pre-sales of ₹10.68 billion in Q1 FY26, marking a 75% increase from ₹6.11 billion in Q1 FY25. The strong performance is attributed to consistent launch activity and a strategic focus on redevelopment carried over from the last fiscal year. Collections for the quarter were ₹5.75 billion, reflecting a 19% year-on-year growth, which highlights steady cash flow and strong customer confidence. Boman Irani, chairman & managing director of the company, stated, “We achieved pre-sales of ₹10.68 billion, demonstrating an impressive 75% year-on-year growth. This quarter, we launched three projects with an estimated gross development value…

Latest StoriesRegulatory

Mahesh Babu Receives Notice Over Fraud Complaint on Plot Sale

HYDERABAD: A consumer court has issued a notice to actor Mahesh Babu regarding a complaint against Sai Surya Developers, a real estate company he endorsed. This notice, from the Rangareddy District Consumer Disputes Redressal Commission, was prompted by a complaint from a local doctor claiming she was defrauded of 34.8 lakh after buying a non-existent plot. In this case, Sai Surya Developers is the first respondent, followed by its owner Kancharla Satish Chandra Gupta and Mahesh Babu as the third respondent. The complainant, along with her husband, was led to trust the company due to Mahesh Babu’s endorsement. After making…

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Maharashtra’s ‘One State, One Registration’ Scheme Delayed

PUNE: The “one state one registration” initiative, which aims to allow citizens to register property documents at any sub-registrar office in the state, is expected to encounter delays due to various legal, technical, and administrative challenges, according to senior officials. Ravindra Binwade, the inspector general of registration, informed TOI that while the concept is sound, several issues are still under evaluation. “The implementation of the one state one registration scheme might take longer than anticipated, as we need to address aspects such as jurisdiction in fraud cases and document verification,” he stated. This initiative is part of the state government’s…

Latest StoriesRegulatory

Court denies builder’s appeal on illegal work in Nandagiri Hills

HYDERABAD: A city court has dismissed a construction company’s appeal against the Greater Hyderabad Municipal Corporation (GHMC), which ordered a halt to construction and mandated the removal of all deviations at their 4.748-acre site in Nandagiri Hills, Shaikpet. Chief Judge K Kusha of the City Small Causes Court, Hyderabad, issued the ruling on July 4, supporting GHMC’s action against Net Net Ventures. The judge remarked that “the petitioner came to the court with unclean hands and failed to demonstrate a prima facie case to restrain the authorities.” The company, which had previously approached the Telangana High Court, was instructed to…

IndustryLatest Stories

Adani to Redevelop 142 Acres in Mumbai’s Motilal Nagar

Sure! Here’s a rewritten version of the content: — The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Adani Properties to undertake a major redevelopment initiative in Motilal Nagar, a 142-acre area in Goregaon (West), Mumbai. This venture represents MHADA’s largest single redevelopment project to date. RealtyDailyNews initially reported on March 11 that Adani Properties secured the project by promising to provide 3.97 lakh square meters of housing, representing the highest share of Floor Space Index (FSI) allocated to MHADA. As part of the initiative, qualifying MHADA residents will be allotted new homes with a built-up area of…