India: Mumbai, Delhi NCR, Bengaluru and Hyderabad, the listed REITs, and the office and residential pipeline.
The Maharashtra Consumer Commission has ordered Bombay Dyeing and Manufacturing Co Ltd and Bombay Realty to refund ₹1.95 crore to two homebuyers from Jamshedpur, along with ₹1.5 lakh towards compensation and litigation costs, for failing to deliver a flat within a reasonable timeframe. The bench, comprising presiding member Poonam Maharshi and member Nisha Amol Chavhan, ruled that the developers had engaged in deficiency in service and unfair trade practice. According to the complaint, the buyers had booked a 1,941 sq ft apartment with two car parking spaces in Dadar East for a total price of ₹9.94 crore.
Haryana RERA has ruled that a homebuyer who stopped payments on a delayed project cannot claim compensation from the developer. The authority held the buyer a defaulter, barring compensation under Haryana RERA Rules 2017, though it partly blamed the builder for delays in obtaining an occupation cert
Paranjape Schemes expects revenue of around ₹2,000 crore in the current financial year, up from ₹1,500 crore previously, while maintaining blended profit margins of 20-21%. The developer plans to launch about 2.5 million sq ft in H2 and reduce gross debt from ₹1,800 crore to roughly ₹700 crore by De
Gera Developments expects revenue from operations to rise 73% year-on-year to ₹1,465 crore in FY27, with a gross margin of 24% and EBITDA margin of 12%. The developer also projects area under development to grow 15% to 83.64 lakh sq ft, and gross debt to fall to ₹432 crore.
The Central Bureau of Investigation has filed four chargesheets in the Manesar land scam case, naming M3M Group promoter Roop Bansal as an accused. The case involves alleged collusion between private builders and government officials to acquire land from farmers at undervalued prices. The next heari
India's defence ministry has ordered an immediate stop to all construction projects near defence establishments in Mumbai unless a local military authority's no-objection certificate has been obtained. The directive, being enforced by the state urban development department, threatens to stall over 1
The Haryana government has proposed amendments to the Haryana Building Code allowing a maximum floor area ratio of 264% for residential plots up to 250 square metres, with a height limit of S+4. The public notice issued by the Directorate of Town and Country Planning invites objections by 1 Dec 2026
The Supreme Court on Thursday permitted conveyance deeds for allottees of completed Parsvnath Developers projects and partially relaxed a freeze on the firm's bank accounts to pay electricity charges and employee dues. The bench directed lenders to make funds available to the Resolution Professional
India's payments authority NPCI has formed a wholly owned technology arm, NPCI Tech Solutions Limited (NTSL), to drive AI, blockchain and digital infrastructure development. The unit will be led by CTO Vishal Kanvaty and will build capabilities beyond NPCI's core payments mandate.
The National Land Monetisation Corporation has launched the e-auction of a 5.119-acre HIL (India) land parcel in Delhi's Najafgarh Industrial Area at a reserve price of ₹829.69 crore. The property, which has 140 metres of road frontage and Metro connectivity, offers FSI up to 400 under TOD provision
Lenders led by Canara Bank have approved a ₹522-crore one-time settlement from Supreme Housing and Hospitality, covering debts of nearly ₹700 crore and achieving roughly 75% recovery. The deal, which includes non-fund exposures from corporate guarantees, will now go to the NCLT for final approval.
The Hyderabad bench of the National Company Law Tribunal has ruled that a 9,559 square yard property in Madhapur be included in the liquidation estate of Butta Infrastructure Private Limited. The tribunal found that LIC Housing Finance failed to demonstrate it had realised its security interest with
Kolkata's high-level committee has sanctioned the continuation of 300 halted high-rise housing projects after safety evaluations. Of these, 178 met safety benchmarks, while others were asked to improve measures. Restrictions on buildings up to five storeys have also been eased.
Sri Guru Raghavendra Sahakara Bank Niyamitha, which collapsed five years ago, faces fresh allegations after 127 plots in a Bangalore Development Authority-approved layout were mortgaged despite having been sold to buyers. The outstanding amount on the mortgaged property is Rs 961 crore, and bank off
The National Company Law Tribunal has invalidated a series of transactions involving JLS Realty Pvt Ltd, including the transfer of a prime redevelopment land parcel in Mumbai to Spenta Suncity and a ₹525-crore corporate guarantee linked to IIFL. The tribunal also reversed disputed director appointme
India's insolvency regulator, the IBBI, has amended real estate insolvency rules to prioritise project completion and homebuyer oversight. The new rules mandate independent construction assessments, allow creditors with 66% voting share to recommend project exclusion, and give homebuyers representat
Lodha Developers reported a 28.3 per cent rise in net profit to ₹1,013.5 crore for the quarter ended 30 Sep 2026. Total income grew 18.2 per cent to ₹4,584.9 crore, while pre-sales rose 10 per cent year-on-year to ₹5,037 crore, exceeding 40 per cent of the full-year target.
Mumbai's Slum Rehabilitation Authority has revised permissions for Coastal Regulation Zone projects, shifting floor space index calculations from gross to net plot area. The change affects more than 45 redevelopment schemes in prime areas such as Bandra and Juhu, with developers facing reduced const
The Noida Authority board has approved the Model Building Regulations, 2026, removing the maximum floor area ratio (FAR) cap for group housing projects on plots abutting roads wider than 45 metres. The board also cleared the UP Private Business Park Development Scheme and will issue an RFP to select
Embassy Office Parks REIT reported a 15% year-on-year increase in net operating income to ₹1,069 crore for the quarter ended 30 Sep 2026. The board declared a distribution of ₹670.16 crore, up 9%, as the REIT leased 1.5 million sq ft, led by global capability centres.
Residents in Bengaluru's Electronic City report that nearby data centres are worsening local water shortages, while farmers outside the city are protesting the government's land acquisition for a township that would include AI-related industries. Karnataka's home minister has acknowledged the resour
Realty construction costs in Bengaluru have risen about 33% after Tamil Nadu extended its ban on transporting construction materials until January 2027. Sand prices have nearly doubled, cement and steel are up 8-10%, and builders warn of project delays of at least six months.
ICICI Prudential Real Estate Development Fund is investing ₹210 crore in Ten X Realty West, a wholly owned subsidiary of Raymond Realty. The capital will support the redevelopment of a project in the Mumbai Metropolitan Region as part of Raymond Realty's asset-light expansion strategy.
Cirtek Holdings Philippines Corp. will sell its semiconductor assembly and testing unit to Sancode Semi Private Ltd for US$20.2 million. The proceeds will be used to repay debt and fund the company's remaining operating business.
The Karnataka Real Estate Regulatory Authority has directed Eco Life Developers to form and register an association of allottees within 60 days, following a complaint by buyer Swetha Rangaswamy. The developer allegedly failed to provide proof of registration despite claiming an association existed u
A Delhi court has upheld cheating and criminal conspiracy proceedings against M3M India Pvt Ltd and its promoters in an alleged Rs 450-crore land fraud. The case involves a disputed land exchange deal over 31 acres in Gurugram where cheques worth Rs 98 crore were returned unpaid. The accused must ap
IBM India has leased 2.83 lakh sq ft of office space at Radon tower in Bagmane Solarium City, Bengaluru, for 10 years. The total estimated rental and fit-out outgo is Rs 522 crore, with a monthly base rent of Rs 2.49 crore and a 15% escalation every three years.
Godrej Properties reported a 63.9 per cent decline in net consolidated profit after tax to ₹145.47 crore for the September quarter, despite a 31.9 per cent rise in total income to ₹2,571.73 crore. The developer posted booking value of ₹8,008 crore from 3,658 units and collections of ₹5,318 crore, wi
Maharashtra Housing and Area Development Authority has sought criminal cases against 23 developers for allegedly failing to transfer designated affordable housing plots or flats to the authority. Police have yet to begin the process nearly two weeks after the complaint was filed on 9 Oct 2026.
Mahindra Lifespace Developers reported a 65.9 per cent decline in net consolidated profit to ₹16.34 crore for Q2 FY27, even as total income tripled to ₹104.02 crore. Residential pre-sales rose 41 per cent to ₹1,063 crore, while the company added projects worth ₹1,500 crore in gross development value
Accenture has leased, expanded and renewed over 584,000 sq ft of office space across Mindspace REIT’s business parks in Airoli, Navi Mumbai. The transactions, with a 10-year tenure and monthly rent of Rs 70 per sq ft, bring the company's total footprint with the REIT in the city to nearly 1 million
IndiQube Spaces has approved an investment of up to ₹35 crore in SaiEdge Realty, acquiring a stake of up to 49% on a fully diluted basis. SaiEdge will develop commercial office space which IndiQube intends to lease upon completion.
TeraNova DC, a data centre platform backed by Singapore-based Hillhouse Investment, plans to develop over 2 gigawatts of capacity across five Indian states by 2032. The Mumbai-headquartered company targets hyperscalers and AI workloads, using modular construction methods to cut costs.
European IT and consulting firm Sopra Steria India has leased 474,150 sq ft of office space at Maconns Grand in Sector 132, Noida, for 15 years. The initial monthly rent is about ₹3.76 crore, escalating by 10% every three years, for a total rent outlay of approximately ₹816 crore. The deal also incl
The Delhi Urban Shelter Improvement Board has initiated a public-private partnership redevelopment of jhuggi-jhopri clusters in Seelampur, Sultanpuri and Lajpat Nagar. A transaction adviser will be appointed to conduct feasibility studies, obtain clearances and help select a private developer. The p
DLF has entered into a collaboration for a 7.48-acre land parcel in Sector 61, Gurugram, expanding its contiguous holding to around 36 acres. The transaction is expected to conclude by Q4 FY27. The company also outlined upcoming residential launches in Mumbai and DLF Phase 4, and provided updates on
DLF reported a 10.3 per cent rise in net consolidated profit to ₹1,301.35 crore for the September quarter, with total income up 1.6 per cent to ₹2,297.30 crore. New sales bookings hit ₹3,800 crore, and the company maintained a net cash position of ₹15,084 crore despite a ₹1,980 crore dividend payout
Birla Estates is in advanced talks to acquire a 10-acre plot in central Noida from Shipra Group for about ₹1,000 crore, with plans to build a luxury residential project. The deal would mark the developer's second project in Noida, following a co-development partnership with Sikka Group in Greater No
India has postponed the 0.4 per cent transaction fee on UPI payments above 2,000 rupees until after Deepavali, giving retailers more time to prepare. Merchants are concerned about added costs, while experts argue the fees are needed to sustain the fast-growing payments network.
The Maharashtra government has directed Sub-Registrars to stop registering documents linked to unauthorised buildings and flats. Developers must now submit compliance certificates before selling, and unauthorised structures must be regularised first. The move aims to protect homebuyers from financia
Leaders of India's youth-led Cockroach Janta Party were detained on Tuesday after entering Jantar Mantar, a New Delhi protest site that police had removed from the official list a day earlier. The detentions come amid ongoing demonstrations demanding the resignation of the head of the Election Commi
India's HCLTech has signed a partnership with Anthropic to accelerate enterprise adoption of Agentic AI, focusing on safety, cybersecurity and governance. The IT services firm will establish a dedicated business unit and centre of excellence to build solutions using Anthropic's products.
BNP Paribas has signed a long-term lease for around 500,000 sq ft of office space at Mindspace Business Parks REIT’s One Radial complex in Chennai. The 10-year deal, spanning four floors, is among the city’s largest office leasing transactions this year and forms part of the bank’s consolidation of
Rustomjee Group is exploring a move into the senior living segment and estimates the Mumbai Metropolitan Region can support more than 5,000 senior living homes. Chairman Boman Irani said the developer is open to building independently or with a partner, though investment and project structures are n
Net office absorption across India's top eight cities declined 18% year-on-year to 14.1 million sq ft in Q3 2026, according to Cushman & Wakefield. Hyderabad and Bengaluru accounted for nearly 58% of quarterly absorption, while gross leasing volume hit a 2026 high of approximately 22 million sq ft.
The Noida Authority has approved a revised master layout plan for the Sports City project in Sector 150, allocating 70% of the area to sports and recreation. Four projects have received conditional occupancy certificates after clearing all outstanding dues, as the Supreme Court continues to monitor
India's telecom minister said the country does not allow monopolies, after Elon Musk accused Mukesh Ambani of using political influence to block Starlink's launch. The government earlier called suggestions of an unfair licensing process 'baseless and misconceived'.
Siddharth Nawal, managing director at Blackstone’s real estate business in India, is set to become CEO of Nexus Select Trust, replacing Dalip Sehgal. The trust plans to grow its shopping centre portfolio from 19 to 30-35 malls by 2030 through acquisitions and partnerships.
Haryana RERA has dismissed a compensation claim against Tata Housing over its Tata Primanti project in Gurugram’s Sector 72, ruling that the buyers’ execution of the conveyance deed without protest or reservation barred their subsequent claims. The authority also noted the occupation certificate had
Brookfield Asset Management has acquired eight industrial parks in India from ESR for INR 43 billion (US$450 million), marking its entry into the country's logistics sector. The portfolio spans 10.5 million sq ft across Mumbai, Pune, Delhi NCR, Chennai and Kolkata.
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