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.

IndustryLatest Stories

Gurugram to Penalize Builders Delaying Audit Work

Gurugram: The district administration has issued a warning to builders regarding their obligation to perform repair work as detailed in structural audit reports. This warning was announced by an official on Tuesday. The discussion arose during a meeting led by Deputy Commissioner (DC) Ajay Kumar, which included builder representatives and Residents Welfare Associations (RWAs) from 15 societies that are part of the initial phase of the structural audit process. It was highlighted that although structural audits have been finalized in several societies, the recommended repair and improvement activities have not commenced within the expected timeline, as per an official statement.…

Latest StoriesResidential

Legal Challenges for Jaypee Sports City Buyers Amid Adani Takeover

NOIDA: The National Company Law Tribunal (NCLT) has approved Adani Enterprises’ ₹14,535 crore resolution plan for Jaiprakash Associates Ltd (JAL) in accordance with the Insolvency and Bankruptcy Code, 2016. The future of the stalled Jaypee Sports City project, along with the thousands of homebuyers affected, is now contingent upon the outcome of a simultaneous legal dispute before the Supreme Court. The Supreme Court is scheduled to hear a petition from the developer challenging a March 2025 ruling by the Allahabad High Court, which affirmed the decision made by the Yamuna Expressway Industrial Development Authority (YEIDA) to annul JAL’s allotment of…

Latest StoriesRegulatory

Nashik Builder Arrested for EWS Quota Violations in 49 Projects

NASHIK: The Sarkarwada police have arrested a developer in connection with a cheating case involving 197 landlords, builders, and developers. They are accused of circumventing the mandatory 20% reservation for the Economically Weaker Section (EWS) in residential projects that exceed 4,000 sq m. The developer, associated with a project in Nashik city, was summoned for questioning on Monday and subsequently taken into custody. The court has remanded him to police detention until March 20. Senior officials from the Sarkarwada police station indicated they received a list of 197 individuals from the Nashik Municipal Corporation (NMC) and the tehsil office, connected…

IndustryLatest Stories

NCLT Greenlights Adani’s ₹14,535 Cr Bid for Jaiprakash Associates

NEW DELHI: The National Company Law Tribunal (NCLT) has sanctioned Adani Enterprises Ltd’s bid of ₹14,535 crore to acquire Jaiprakash Associates Ltd as part of the insolvency proceedings. Jaiprakash Associates Ltd (JAL) reported in a regulatory filing that the Allahabad bench of the NCLT orally pronounced its order on March 17, 2026, approving the resolution plan proposed by Adani Enterprises Ltd. In November of the previous year, a Committee of Creditors (CoC) gave its nod to the acquisition plan suggested by business tycoon Gautam Adani. Adani Enterprises secured the endorsement of JAL’s creditors for its ₹14,535 crore bid, surpassing competitors…

Latest StoriesRegulatory

CCS Files Case Against Builders for Pre-Launch Fraud

HYDERABAD: The Central Crime Station (CCS) has filed a case against the directors of Bharathi Builders, accused of swindling a local businessman and his brother out of ₹87 lakh with a fraudulent pre-launch investment scheme related to a gated community project in Bhanoor, Sangareddy district. K. Krishna Sumanth, 46, from Banjara Hills, reported that directors D. Nagaraju and M. Siva Rama Krishna convinced him and his brother, Krishna Kanth, to invest in their proposed project in August 2021. “They claimed to have secured 6.39 acres across various survey numbers in Bhanoor, assuring us that our investment would double within 36…

Latest StoriesRera

Haryana RERA Orders ₹21 Lakh for Delayed Flat Booking in 2008

GURUGRAM: A local developer has been ordered to compensate a homebuyer due to delays in delivering possession of a residential unit. Additionally, a refund of the invested amount “does not prevent further compensation,” as stated by the Haryana Real Estate Regulatory Authority (Hrera) – the buyer is set to receive over Rs 21 lakh. This order, issued on March 17, followed a complaint filed by Nishant Mehra against Ramprastha Promoters and Developers. The residential unit in Sector 37D, part of the Edge Towers project within Ramprastha City, was initially promised for delivery by August 2012. The developer is required to…

Latest StoriesRegulatory

ED Recovers ₹650 Crore for 2,300 SRS Realty Home Buyers

NEW DELHI: The Enforcement Directorate has returned immovable assets valued at ₹650 crore to over 2,300 home buyers as part of its ongoing investigation into money laundering involving the Faridabad-based SRS Group, according to officials. They noted that a specific provision in the Prevention of Money Laundering Act (PMLA) in Gurugram enabled the federal agency to undertake this action under anti-money laundering regulations. The ED’s Gurugram zonal office has effectively restored assets worth approximately ₹650 crore to 2,312 legitimate home buyers who were reportedly cheated in SRS projects, officials confirmed. It is alleged that the promoters and executives of SRS…

IndustryLatest Stories

Signature Global projects ₹35,000 crore cash flow, invests in RMZ

NEW DELHI: Signature Global anticipates generating approximately ₹35,000 crore in free cash flow from its current and future portfolio as the company expands into commercial real estate in partnership with RMZ, according to Chairman and Whole-Time Director Pradeep Kumar Aggarwal. In an exclusive interview with Ankit Sharma, Aggarwal highlighted the company’s confidence in the long-term potential of Gurugram’s Grade A office market and how the RMZ collaboration aims to establish a robust platform for substantial office developments. He noted that their low net debt position, projected to approach zero following this transaction, provides the opportunity to develop long-term, income-generating assets…

CommercialLatest Stories

Prayagraj Junction: Future Major Commercial Hub with 7 Floors for Lease

Representative AI image PRAYAGRAJ: Prayagraj Junction is poised to become a significant commercial hub as part of its redevelopment initiative. The railway authorities are getting ready to lease a substantial portion of the newly constructed station building to private investors for a period of 45 years. This redevelopment project, costing approximately Rs 960 crore, is one of the largest in the country. The Rail Land Development Authority (RLDA) has released an e-tender for the commercial development of the seven floors in the newly built nine-storey structure on the Civil Lines side of the station. Commercial activities will be permitted from…

IndustryLatest Stories

Noida Airport Boost: 54 New Industries, 700 Leases Signed

NOIDA: Industrial activity surrounding the upcoming Noida International Airport has seen significant growth over the past year. According to data from the Yamuna Expressway Industrial Development Authority (YEIDA), industrial allotments increased from 3,059 last March to 3,113 by March 13 of this year, adding 54 plots. The execution of lease deeds also saw a remarkable rise, jumping from 1,632 to 2,363, marking an increase of 731 within a year. Additionally, the number of units taking physical possession of industrial plots surged from 990 in March 2025 to 1,785 in March 2026. This growth is indicative of increasing investor interest in…