RERA
Delayed possession: Builder ordered to pay Rs 26 lakh interest compensation to homebuyer for 8-year delay in delivering Rs 32 lakh apartment
The Walavalkar family finally secured justice after an eight-year delay in apartment possession. MahaREAT ordered the builder to pay Rs 26.83 lakh as interest compensation. The tribunal denied the builder Covid-19 moratorium benefits. This ruling ensures homebuyers receive rightful compensation for project delays. The builder must also hand over the apartment with an occupation certificate.
NCLT not able to deliver as per expectation in reviving realty projects: Manohar Lal
Union Minister Manohar Lal criticized the NCLT's ineffectiveness in resolving stalled real estate projects, emphasizing the need for improvements to protect consumer and bank interests. He urged builders to avoid cash transactions and misleading advertisements, advocating for aligned circle and market rates.
India’s urban infrastructure to see ₹10 lakh crore investment in next 4 years: Housing Secy
India's urban infrastructure has seen substantial investment, with Rs 30 lakh crore spent in the last decade and a projected Rs 10 lakh crore more over the next four years. Union Housing Secretary Srinivas Katikithala urges the real estate sector to align projects with infrastructure development and contribute to efficient urban services. He also emphasized the importance of RERA implementation.
Urban Infrastructure to see investment of Rs 10 lakh cr in next 4 yrs: Housing Secy
India's urban infrastructure sector has witnessed a massive investment of Rs 30 lakh crore in the last decade and is estimated to receive another Rs 10 lakh crore funding over the next four years, a top government official said on Friday.
RERA Impact: Arrest warrant issued against builder who failed to pay compensation to property buyer for 14 year delay in possession
Haryana RERA has directed the arrest of a builder's directors. This action follows their failure to compensate a property buyer. The buyer faced a 14-year delay in property possession. Despite a 2022 order for Rs 8.6 lakh compensation, the builder did not pay. The arrest warrants target directors, including one abroad. Read below to know how the property buyer won.
Once in Rs 1.2 crore debt, a techie couple claim building Rs 5 crore wealth before 40
An Indian couple, starting from humble beginnings and burdened by early debt, achieved a net worth of Rs 5 crore through disciplined savings and strategic investments in real estate and other financial assets. Their financial turnaround, sparked by the FIRE philosophy during the pandemic, highlights the power of financial literacy and perseverance.
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Bengaluru homebuyer to get Rs 70 lakh from builder due to three year delay in possession; Know how RERA law helped him win the case
A Bengaluru homebuyer secured a victory against a builder in the Karnataka RERA tribunal. The builder failed to complete the apartment project near Bengaluru International Airport. The tribunal ordered a full refund of Rs 51 lakh plus Rs 19 lakh in interest. The ruling was based on Supreme Court judgements protecting homebuyers' rights.
Gaurs group acquires 12-acre land at Yamuna Expressway for Rs 175 crore
Gaurs Group has expanded its presence on the Yamuna Expressway with the acquisition of a 12-acre land parcel for Rs 175 crore. The realty developer plans to invest Rs 1,400 crore in developing a premium residential project on the acquired land.
'Rs 20 crore defamation suit, endless delays': Bengaluru homebuyer shares 10-year struggle
A Bengaluru homebuyer invested in a township project near the airport in 2014. The project promised delivery by 2016. However, possession is still pending. The buyer paid 90% of the apartment cost. The developer faces a RERA order for a refund with interest. The company is allegedly stalling repayment through legal challenges. The buyer questions the delays in justice.
Maharashtra CM Fadnavis flags rising property prices in Mumbai despite major infra push
Despite significant infrastructure development in the Mumbai Metropolitan Region, housing prices continue to rise, posing affordability challenges. Chief Minister Fadnavis highlights the demand-supply imbalance and emphasizes the need for innovative construction technologies and collaboration between developers and the government. The focus is on redevelopment projects and the creation of new urban centers to reshape Mumbai.
After years of delay, Jaypee buyers may get keys to their homes in FY26
Thousands of Jaypee group homebuyers in Noida and Greater Noida can anticipate receiving their apartments this fiscal year. Suraksha Group plans to secure occupation certificates for 40 residential towers, adding to the 19 towers already delivered in 2024-25. Suraksha is investing significantly to complete approximately 20,000 homes by 2027, while addressing financial recoveries and regulatory notices.
ED raids against UP realty group for Rs 248-cr 'fraud' with home buyers
The Enforcement Directorate conducted searches on Rohtas Projects Ltd. in Uttar Pradesh and Delhi, investigating a money laundering case involving alleged investor fraud of Rs 248 crore. The probe, triggered by multiple FIRs, focuses on recovering assets from the company's promoters, Piyush Rastogi, Paresh Rastogi and Deepak Rastogi, who have reportedly been absconding for four years.
How homebuyers can protect themselves from being scammed by builder-bank nexus when buying under-construction houses
The Supreme Court recently ordered a CBI probe into a builder-bank scam on interest subvention schemes. With projects stalled and poor enforcement, homebuyers are now stuck with EMIs for undelivered houses. Here’s what you should know before opting for such plans.
DLF to invest Rs 23,500 cr to complete ongoing housing projects in Delhi-NCR, Mumbai
India's DLF will invest Rupees 23,500 crore to finish ongoing housing projects in Delhi-NCR and Mumbai. The company has Rupees 10,429 crore in cash, including Rupees 7,782 crore in RERA escrow. Customer receivables stand at Rupees 37,220 crore. DLF launched and sold projects worth Rupees 11,000 crore in Gurugram. The company targets Rupees 20,000-22,000 crore in sales this fiscal year.
TRU Realty enters Mumbai with premium projects in Juhu-Andheri, eyes Rs 400 cr revenue by 2028
TRU Realty, spearheaded by Sujay Kalele, is set to launch two premium housing projects in Mumbai's Santacruz-Andheri corridor, aiming for Rs 400 crore revenue by 2028. Launching in September 2025, the projects span 0.3 million sq. ft. with a Rs 250 crore investment. This move occurs amidst Mumbai's booming residential market, driven by rising incomes and limited land.
Nimbus group raises Rs 150 crore from Bajaj Finance to revive a stuck housing project in Noida
Nimbus Projects Limited secured Rupees 150 crore from Bajaj Finance. The funds will revive a stalled housing project in Noida. Nimbus needs Rupees 1,100 crore, covering construction, lender payments, and dues. The project, Sunworld Arista, gains approval under Uttar Pradesh policy. Nimbus will complete the project and deliver common areas.
Hero Realty CEO: Indian real estate has evolved into a de-risked global asset class
Indian real estate transforms into a stable investment destination. Economic growth and regulatory reforms reshape the sector. Infrastructure expansion and transparency measures de-risk investments. Demand rises in both commercial and residential properties. Tier-1 cities remain the primary focus for real estate companies. However, tier-2 cities also show potential. Residential demand is resilient and office REITs outperform.
DLF Q1 Results: Cons PAT rises 18% YoY to Rs 763 crore; revenue soars 99%
DLF reported an 18% YoY increase in consolidated net profit, reaching Rs 763 crore for the June quarter, driven by a 99% surge in revenue to Rs 2,716 crore. New sales bookings significantly grew by 78% YoY to Rs 11,425 crore, fueled by the launch of the DLF Privana ecosystem.
India set to be world’s 4th-largest office market as stock nears 1 billion sq ft
India's office market is set to surpass 1 billion sq ft by Q3 2025, becoming the fourth-largest globally, driven by robust demand and institutional investment. This growth, from under 200 million sq ft in 2005, is fueled by factors like SEZ, RERA, and REIT policies.
Delhi-NCR realty gets a fresh coat of investor trust
Fund houses are now actively investing in Delhi-NCR property market, reversing their previous reluctance due to uncertainty. Several realty developers have successfully raised capital, signaling confidence in the sector's growth potential. Increased housing demand, proactive government policies, and improved market fundamentals have restored trust, attracting both global and domestic funds.
Angel One Founder’s son sells luxury apartment in Mumbai suburb for Rs 52 cr
Vinay Thakkar, linked to Angel One's founder, sold a luxurious Andheri West apartment for ₹52.48 crore. The 3,891 sq ft property fetched ₹1.4 lakh per sq ft, marking a high-value transaction. This deal reflects the resilience of Mumbai's luxury market, driven by demand for premium homes and infrastructure upgrades, despite high interest rates.
Sri Lotus Developers IPO sees 3.59 times subscription on Day 1 so far. Should You Apply? Check GMP, Review & Key Details
Sri Lotus Developers' IPO opened on July 30, witnessing 3.59 times subscription driven by retail and NII investors. The IPO, priced at Rs 140-150, closes on August 1, with grey market premium indicating potential 29% listing gains. Anand Rathi suggests subscribing for the long term, citing strong fundamentals and Mumbai's luxury housing demand.
Midcap stocks could be your portfolio's secret weapon in 2025. Here are 5 reasons why
India's surging economy is spotlighting mid-cap equities as prime opportunities for long-term wealth creation. These firms offer a blend of growth, diversification, and risk-adjusted returns, fueled by structural reforms and demographic strengths. Data reveals mid-caps have significantly outpaced large-caps in market cap acceleration and returns.
Sri Lotus Developers IPO opens for subscription; GMP at 29%. Should you bid?
Sri Lotus Developers and Realty launched its Rs 792 crore IPO today. The IPO aims to tap into investor interest in Mumbai's luxury real estate market. The company plans to use the funds to support ongoing projects and for general corporate needs. Analysts suggest potential investors to consider subscribing for long-term gains and listing benefits.
Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know why
An individual faced a Rs 1 lakh penalty for not deducting TDS on monthly house rent of Rs 55,000. According to Section 194-IB, TDS at 2% must be deducted if monthly rent exceeds Rs 50,000. Tenants must file Form 26QC and provide Form 16C to the landlord. Penalties for non-deduction include interest and discretionary fines. Read below to know more.
BGO and Aditya Birla Sun Life AMC invest ₹350 crore in Namo Realtech to fuel real estate expansion
BGO and Aditya Birla Sun Life AMC have invested Rs 350 crore in debt to Namo Realtech, an NCR-based real estate company, to support its expansion plans. Namo Realtech is currently developing 6.4 million square feet in collaboration with Max Estates and intends to acquire more land for future partnerships. This investment reflects confidence in India's residential market growth.
Govt works on plan to deregulate licensing requirements to transform Delhi into an 'investment destination'
The central government wants to improve business in Delhi. It has asked Lieutenant Governor VK Saxena to simplify licensing rules. The goal is a single-window clearance system. This aims to attract investment. Key changes include removing the need for multiple licenses. Businesses registered under GST or FSSAI may not need separate Shops and Establishment Act registration.
UP RERA ensures recovery of Rs 1,410 crore for homebuyers
UP RERA has successfully recovered ₹1410 crores in 5700 real estate matters, with ₹861 crore recovered between August 2023 and July 15, 2025. This constitutes 61% of the total recoveries. Furthermore, approximately 1650 recovery certificates were settled mutually, and 8500 matters worth ₹3320 crore were resolved through conciliation and enforcement proceedings.
Housing market shows signs of recovery as sales volumes rise after year-long slump
India's residential property market shows signs of recovery with a 1% YoY sales volume increase in June 2025, ending a year-long decline. Sales value surged 23% driven by larger deals and improved confidence. Delhi-NCR leads the rebound, while western markets face contraction. New launches are up in select cities, but overall volumes remain challenged.
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