Sahara India Commercial Corporation Ltd (SICCL) has approached the Supreme Court for approval to sell 88 properties, including Amby Valley and Sahara Saher, to Adani Properties Private Limited. The move aims to speed up asset liquidation and fulfill financial obligations toward investors, particularly after Sahara chief Subrata Roy's death. Despite earlier efforts to sell assets, market conditions, pending litigations, and uncoordinated investigations slowed progress. The proposed transaction is seen as a significant step in unlocking the value of Sahara Group's major properties and settling investor dues efficiently.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 21 new projects worth INR 7,035 crore, paving the way for 10,866 residential and commercial units across the state. Announced at the Authority's 184th meeting chaired by Sanjay Bhoosreddy, the clearances reflect strong momentum in UP's property sector. The projects span districts including Noida, Greater Noida, Ghaziabad, Lucknow, Varanasi, Mathura, Agra, Bareilly, Barabanki, Rampur, and Gorakhpur. With dedicated provisions for the Economically Weaker Section, the developments aim to serve diverse income groups while generating jobs in construction and allied industries. Noida and Greater Noida lead approvals with eight projects.Read more

The Ministry of New and Renewable Energy (MNRE) has approved up to a two-year extension for projects under India's production-linked incentive (PLI) scheme for solar equipment manufacturing. The decision, made by the empowered group of secretaries, addresses delays in sourcing capital goods for wafer, polysilicon, and module manufacturing. The extension applies to both tranche-I and tranche-II projects, benefiting companies such as Reliance New Energy, Adani Infrastructure, Waaree Energies, Avaada Ventures, JSW Renewable Energy, ReNew Solar Energy, and Tata Power Solar Systems. India's solar manufacturing capacity is set to expand significantly by FY29.Read more

The Department of Town and Country Planning (DTCP) in Gurugram has directed the Garden Estate RWA to monitor and report all structural works after inspections revealed unauthorised alterations by residents. Officials warned that both individual homeowners and the RWA could face legal action if violations go unchecked. While some residents support strict enforcement to ensure safety and planning discipline, others argue that minor internal changes should not be penalised. Authorities said the move aims to strengthen transparency and compliance by making RWAs accountable. Clearer guidelines distinguishing serious structural breaches from internal modifications may help balance safety with resident flexibility.Read more

The Punjab cabinet has approved imposing charges on encroachments of village common lands, including panchayat roads and watercourses, with price fixation committees under deputy commissioners determining amounts. Proceeds will be shared between the state and local bodies, and alternate routes provided where needed. The cabinet also cleared amendments to the Right to Business Act to speed up industrial approvals, and sanctioned a special court in Mohali for NIA cases, which will also handle ED and CBI matters. Other decisions included a one-time settlement scheme for rice millers, amendments to the Punjab Apartment and Property Regulation Act, and passage of the Punjab GST (Amendment) Bill, 2025.Read more

The Supreme Court has held two tenants in Saharanpur guilty of contempt for refusing to follow its eviction order. One has been sentenced to three months in civil prison along with a fine of INR 100,000, while the other has been fined INR 50,000. If the fines are not paid within two months, both face additional jail time. The case had its origin in an eviction order issued by the Rent Control Authority, later upheld by the Allahabad High Court. The top court said the tenants deliberately disobeyed orders and misled the proceedings.Read more

The Telangana government is set to amend the Indian Stamp Act and Registration Act to plug revenue leakages from property auctions by banks and financial institutions. Buyers of auctioned properties will now be required to pay full stamp duty on transaction value, ending the practice of using only a "sale certificate" to bypass payments. A new Section 22-B of the Registration Act will also empower officials to cancel fraudulent registrations made through forgery, impersonation, or double sales-authority currently limited to courts. The amendments, requiring presidential assent, align with measures in states like Andhra Pradesh and Tamil Nadu and are expected to safeguard revenue while curbing property fraud.Read more

Mumbai and Pune's housing markets are set for a major shift under the Maharashtra State Housing Policy 2025, unveiled in the JLL-NAREDCO report Towards 'Housing for All'. The state has announced INR 70,000 crore in investment to deliver 3.5 million affordable homes by 2030, addressing the growing dominance of premium housing. Sales in both cities have doubled since 2019, with luxury units now accounting for 59% of launches. The policy includes AI-based monitoring, redevelopment incentives, FSI relaxations for senior and student housing, and GST relief. Strategic growth corridors in both cities will drive balanced urbanisation, making homeownership more accessible while sustaining premium demand.Read more

The Supreme Court has directed a man to vacate two properties in Mumbai and hand them back to his 80-year-old father. The order was passed after the son was found preventing his father and mother, aged 78, from residing in their own homes. A tribunal had earlier ruled in favour of the parents, ordering eviction of the son and a monthly maintenance of INR 3,000. While the Bombay High Court had later overturned this decision, the apex court had restored the tribunal's order, confirming that such authorities are empowered under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 to ensure the rights and welfare of senior citizens.Read more

The Allahabad High Court's Lucknow bench has expressed concern over a single bench order that stayed the demolition of an illegal building in Khurram Nagar. The division bench has summoned the records to examine the urgency of the petition, which was filed under Article 226 rather than Article 227 of the Constitution. The matter stems from a 2016 public interest litigation, involving repeated violations of demolition orders by the builder. The next hearing is scheduled for later this month, with directives to the Lucknow Development Authority (LDA) to ensure accountability.Read more