17 hours ago

The Allahabad High Court has dismissed a review petition filed by the Greater Noida Industrial Development Authority challenging its earlier judgment that restored a 25-acre IT/ITES plot in Tech Zone II, Greater Noida to a private firm. The court ruled that the authority failed to demonstrate any apparent on the face of the record in the original order delivered in June 2025. The dispute concerns land originally allotted in 2007 to a consortium led by Anant Raj Industries and later transferred to Elevator Properties Pvt Ltd. GNIDA had cancelled the allotment in 2023 citing non-utilisation of the plot. The High Court had earlier set aside the cancellation, and the latest order refusing review means the earlier ruling restoring the allotment remains in force.Read more

09 Mar 2026

JSW Cement has been declared the preferred bidder for the Sikilangso Limestone Block in Assam following an e-auction conducted by the state government. The block, located in Dima Hasao district, covers 400 hectares across two parts. The development supports the company's long-term capacity expansion plans. Meanwhile, global aviation faced severe disruption after the United States and Israel carried out strikes on Iran, forcing the closure of major Middle East hubs and leading to widespread flight cancellations by leading international airlines.Read more

09 Mar 2026

The Haryana government has unveiled plans to transform Ambala Cantonment into a metropolitan hub through the development of seven new sectors under the Haryana Shehri Vikas Pradhikaran (HSVP), officials said in the past week. Announced by Anil Vij, Haryana's Minister for Energy, Transport and Labour, the sectors 27, 28, 36, 40, 40-A, 41-A and 42 will be developed across approximately 1,000 acres, extending urbanisation into adjoining villages including Ghasitpur, Bohawa and Shahpur. The expansion plan encompasses residential, commercial, industrial and open space zones, alongside enhanced transport and communication infrastructure. The state has also launched an e-Bhoomi portal to facilitate voluntary land aggregation, aimed at ensuring transparency and fair compensation for landowners. The initiative is part of broader efforts to bolster infrastructure, improve living standards and align Ambala's growth trajectory with metropolitan ambitions.Read more

09 Mar 2026

The Maharashtra Housing and Area Development Authority has signed key agreements to advance the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, in partnership with Keystone Realtors and local housing societies. The project covers roughly 11.2-11.5 acres and will rehabilitate about 1,200 residents currently living in ageing buildings across the locality. Executed through Keystone Realtors subsidiary Keymidtown Developers, the redevelopment is expected to unlock around 20.7 lakh sq ft of saleable area with an estimated gross development value of about INR 4,521 crore. The agreements mark a key step in implementing the project after earlier approvals, with MHADA acting as the special planning authority. The initiative represents the authority's first redevelopment on private land using a construction-and-development agency model.The Maharashtra Housing and Area Development Authority has formalised agreements for the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, moving forward with a large urban renewal project intended to replace ageing residential structures with new housing. The agreements were signed earlier this month between MHADA, housing societies in the area and Keystone Realtors subsidiary, Keymidtown Developers, which will execute the redevelopment.Read more

09 Mar 2026

The Women's Wing of CREDAI Surat has emerged as a key platform promoting women's participation in the real estate sector while supporting community welfare initiatives in Surat. Established two years ago, the group reflects the organisation's commitment to inclusivity and leadership opportunities for women in the construction ecosystem. Operating through a core committee of 15 members, the Women's Wing has undertaken several social initiatives, including medical camps for construction workers, grocery distribution for economically weaker families and maternal health programmes. The group also focuses on engaging children of construction workers through educational and recreational activities at project sites. Alongside social outreach, the initiative encourages women associated with the real estate sector to explore professional roles in architecture, design and real estate management.Read more

09 Mar 2026

The Haryana government is preparing to introduce a regulatory reform that would make registration of agreements to sell compulsory in property transactions across the state. Announced during the state budget presentation, the proposal aims to improve transparency and legal certainty in real estate dealings by ensuring that sale agreements are formally recorded with the registration authorities. At present, many agreements to sell are executed privately or merely notarised, which leaves buyers exposed to risks such as fraud, double selling and prolonged disputes. The proposed change would require such agreements to be registered with the sub-registrar before execution of the final sale deed. Officials indicated that the reform is intended to create a verifiable transaction trail and strengthen legal protection for buyers and sellers in Haryana's property market.Read more

09 Mar 2026

The Maharashtra Real Estate Regulatory Authority is facing a backlog of 6,366 unresolved complaints as of December 2025, according to the Maharashtra Economic Survey 2025-26 presented in the state legislative assembly. Since its establishment under the Real Estate (Regulation and Development) Act, 2016, the regulator has received 32,377 complaints, of which 26,011 have been disposed of, leaving several thousand cases pending. The authority has also registered 53,012 real estate projects across the state, reflecting the scale of regulatory oversight in one of India's largest property markets. Officials indicated that efforts are under way to accelerate dispute resolution through adjudicating officers and conciliation mechanisms, though consumer groups continue to raise concerns about delays in resolving homebuyer grievances involving developers.Read more

09 Mar 2026

Nexus Select Mall Management has settled regulatory proceedings initiated by the Securities and Exchange Board of India (SEBI) over alleged violations of Real Estate Investment Trust (REIT) regulations after paying a settlement amount of INR 24.37 lakh. The regulator had issued a show cause notice in June 2025 alleging that the entity failed to maintain the required net worth and did not inform SEBI about a material change in its net worth, as mandated under REIT regulations. The company later submitted a settlement application seeking to resolve the matter without admitting or denying the allegations. Following SEBI's review and receipt of the settlement payment, the regulator has disposed of the adjudication proceedings under the applicable settlement regulations, bringing the matter to a close.Read more

Gurugram News Desk

09 Mar 2026

The Supreme Court has ordered a probe by the Central Bureau of Investigation (CBI) into alleged irregularities linked to DLF Limited's residential project The Primus DLF Garden City in Gurugram. The direction came while hearing appeals filed by homebuyers and the developer against a 2023 order of the National Consumer Disputes Redressal Commission. The court asked the Central Bureau of Investigation to examine the allegations through a dedicated team and submit findings by April 25, 2026. The project involves 624 apartments, and possession had earlier been offered to buyers after the occupancy certificate was received.Read more

09 Mar 2026

The Karnataka High Court has ruled that a buyer who purchases a property through a bank auction conducted under the SARFAESI Act is entitled to seek transfer of the khata in their name. The decision came while hearing a petition filed by Hassan resident Nagabhushana, who had bought a flat in Bengaluru that was auctioned by State Bank of India after the original owner defaulted on a loan. The civic authority had cancelled the khata citing unauthorised construction. The court held that such action was not justified and directed authorities to reconsider the buyer's request and restore electricity supply.Read more