The Ansal Group is facing a total of 235 FIRs in Lucknow for alleged fraud. Two additional FIRs have been lodged, concerning allegations of individuals being cheated of INR 13.60 lakh after being promised flats and plots that were never delivered. The complaints highlight long-standing issues, with one case from 2015 where a buyer never received allotment. Investigations are ongoing, underscoring persistent concerns over property fraud and delayed projects in Uttar Pradesh's real estate sector.Read more

The Delhi State Consumer Disputes Redressal Commission has found DLF Gayatri Developers liable for an eight-year delay in a housing project located in Andhra Pradesh. The Commission ordered a refund of INR 15 lakh to the complainant, along with INR 1.5 lakh for distress and legal expenses. The ruling came after possession, promised by 2014, was offered only in 2019. The developer's claims of delay due to political movements and rejection in approval processes. This decision underscores consumer protection efforts in real estate against prolonged project delays.Read more

Greenbay Infrastructure faces a final ultimatum from the Yamuna Expressway Industrial Development Authority (YEIDA) to pay INR 118 crore by the end of July. Failure to meet this demand will lead to the cancellation of land allotment for its 100-acre township in Sector 22D, Noida. The developer has paid INR 40 crore but faces challenges, including unacquired land still under cultivation. YEIDA rejected a sublease request for a commercial plot to clear dues. This follows relief under a 2023 rehabilitation policy, where Greenbay paid an initial INR 110 crore against INR 441 crore recalculated dues but missed later installments.Read more

Yashwant Singh, a member of a royal family from Rajasthan, has purchased an 867-square-meter bungalow in South Delhi's Golf Links for INR 100 crore. This acquisition highlights a trend of high-value property deals in Golf Links, a favored location for corporate leaders and high-net-worth individuals due to limited availability. The area has seen over half a dozen transactions exceeding INR 100 crore in the past year, reflecting its status as a prime real estate market.Read more

Mr. Jash Panchamia, Promoter, Suraksha Smart City

Integrated townships are redefining suburban living by combining residential, commercial, social, and sustainable elements within self-contained ecosystems. These developments are structured around seamless infrastructure, walkable access to essential services, and connectivity to arterial networks, especially in regions like MMR. With smart technologies, health-oriented amenities, and community-driven planning, integrated townships are evolving into inclusive urban hubs. They also support sustainability goals and provide proximity to workplaces, ensuring balanced, future-ready lifestyles that align with the changing aspirations of urban homebuyers.Read more

The Prayagraj Municipal Corporation (PMC) is set to launch a unified billing system for property, water, and sewer taxes, expected to go live next week. This initiative aims to simplify the tax process for residents and reduce administrative burdens by consolidating separate bills into one. The system, aligning with state government guidelines, will integrate all necessary data and offer flexible online and offline payment options. This move is part of PMC's efforts to enhance transparency, citizen engagement, and operational efficiency, promising a streamlined approach to municipal tax collection.Read more

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved a residential project featuring six 50-storey towers in Madhurawada, Visakhapatnam. This marks the first time in recent years such a project has been undertaken by an urban development authority in Andhra Pradesh. VMRDA will also develop middle-income group (MIG) housing projects in other parts of the city, offering subsidized 2BHK, 2.5BHK, and 3BHK flats. Both initiatives, under a public-private partnership model, aim to address housing needs and generate revenue, shifting VMRDA's focus to ready-to-move-in homes.Read more

Puravankara Limited has won the bid to redevelop eight residential societies in Chembur, Mumbai. This project covers about 4 acres with over 1.2 million sq ft of development potential and an estimated Gross Development Value (GDV) of INR 2,100 crore. The move expands Puravankara's presence in Mumbai's redevelopment sector, which now includes 3.6 million sq ft of projects across 11 sites in Mumbai and Pune. The company aims for a GDV of INR 18,000 crore from the western region, with INR 7,700 crore from redevelopment alone.Read more

Ghaziabad administration has put its foot down on water conservation. Housing societies that haven't installed rainwater harvesting systems are now staring at fines of up to INR 300,000. This intensified action follows a National Green Tribunal order and growing concerns over groundwater depletion. Over 70% of groundwater sources in the district are already critically overexploited. The city's Municipal Corporation has started serving notices, with enforcement expected to expand across wards in phases. Authorities stress that compliance is not optional rainwater harvesting is now a must-have, not a good-to-have.Read more

The Bombay High Court has demanded that the BMC clarify its plans for buildings in Mumbai that lack a fire No-Objection Certificate (NOC). During a recent hearing, the court questioned if the BMC's inaction implies approval of unsafe conditions, citing the 34-storey Wellingdon View building in Tardeo as an example. This building has 50 of 62 flats occupied since 2008 with only a partial occupation certificate and no fire NOC. The court emphasizes that the absence of a fire NOC cannot be regularized and will not permit any illegality, setting a precedent for fire safety enforcement across Mumbai's high-rises.Read more

The Mumbai government has increased the monthly rent allowance for tenants of dilapidated cessed buildings to INR 30,000 during reconstruction, up from INR 20,000. This measure aims to better support tenants requiring alternate housing while their properties are redeveloped. Additionally, the government pledged to revoke NoCs for developers who have not commenced redevelopment projects under DCR 33(7) within three years. These steps highlight efforts to both financially assist residents and accelerate stalled urban renewal initiatives in Mumbai.Read more

India's economy is projected to grow between 6.4% and 6.7% in the current financial year, according to the Confederation of Indian Industry (CII). The forecast reflects optimism around strong domestic consumption, a favorable monsoon, increased liquidity from the Reserve Bank of India's recent CRR cut, and a benchmark interest rate reduction. While geopolitical tensions and trade uncertainties remain potential risks, the CII believes these are balanced by positive internal factors. This projection was shared by CII President Rajiv Memani during his first media briefing since assuming the role.Read more

Fourteen years after being temporarily relocated, slum dwellers from Pir Vasahat in Akota, Vadodara have vacated municipal land after receiving permanent homes under the Pradhan Mantri Awas Yojana. In 2010, they were displaced for a road widening project and offered housing in distant Pratapnagar, which many declined due to work-related inconvenience. Instead, about 30 families settled near Akota burial ground on the condition that they'd leave once nearby homes were provided. That promise was fulfilled recently, with new homes allotted near Sun Pharma Road- close to their jobs and community ties-marking the end of a long wait and a successful civic housing resolution.Read more

As Lucknow gears up for a significant revision in DM circle rates the first in nearly a decade the Lucknow Development Authority (LDA) has opted to maintain existing property prices for its flats and plots. This move ensures that upcoming schemes such as Anant Nagar and ongoing allotments under the first-come-first-served policy remain unaffected by the hike. With circle rates rising by 15-25% in several localities, LDA's decision provides immediate relief to homebuyers, shielding them from increased registration costs and making government housing a more attractive option amid surging land values.Read more