22 Dec 2025

A Mumbai special PMLA court declined Encore Asset Reconstruction Company Pvt Ltd's request to release and auction several mortgaged properties linked to the DSK Group, citing ongoing investigations and attachments under the PMLA and MPID Act. The court highlighted that allowing an auction could harm thousands of investors and depositors who suffered losses. The plea was considered premature as charges in the PMLA case have not been formally framed, and MPID proceedings are still active. The decision underscores careful judicial management of high profile financial cases.Read more

21 Dec 2025

The Delhi Development Authority (DDA) has introduced the Karmayogi Awaas Yojana 2025, making 1,168 ready flats in Pocket 9, Narela available at a 25 % discount for serving and retired government staff, including those from central and state governments, PSUs, banks, local bodies, autonomous institutions and government universities. Units include 1 BHK, 2 BHK and 3 BHK options with prices after discount ranging roughly from INR 34 lakh to INR 1.27 cr. Online registration opens soon, and allotment will follow a first come, first served process with clear booking and maintenance cost details.Read more

21 Dec 2025

Residential units built under the Smart City programme in Hubballi continue to remain vacant despite being allotted to displaced families, highlighting persistent delays in handover. The houses, constructed at the Kallur layout to rehabilitate families affected by a major road expansion project, are yet to be occupied due to the absence of basic civic amenities. Beneficiaries who received allotment orders earlier have been unable to move in as electricity connections, sanitation facilities and other essential services are still pending. The Hubballi Dharwad Municipal Corporation has acknowledged the delays, attributing them to unfinished infrastructure work, and has indicated that possession will begin once pending utilities are completed.Read more

21 Dec 2025

Actor Madhuri Dixit Nene and her husband, Dr Shriram Madhav Nene, have sold their residential apartment in Juhu, Mumbai, for INR 3.90 crore, according to property registration records. The apartment, measuring around 780 sq ft, is located in Deep Varsha Co-operative Housing Society on Military Road. The buyer, a woman, benefited from Maharashtra's 1% stamp duty concession for women homebuyers, paying INR 19.5 lakh in stamp duty. The couple also sold a parking space in the same society for INR 15 lakh on the same day. Juhu remains a sought-after residential locality, known for its premium appeal, coastal access and strong demand among high-net-worth individuals and film industry professionals.Read more

21 Dec 2025

Bengaluru City Police has issued new guidelines requiring residential apartment associations to collect and maintain detailed tenant data, including identity and contact information, to enhance safety and enable faster response during emergencies. The directive, aimed at improving resident security and assisting law enforcement, also recommends documenting guest and staff details. Housing societies have been asked to submit data to local police stations regularly as part of the proactive safety measure.Read more

21 Dec 2025

The Enforcement Directorate has filed a chargesheet against Gurugram-based developer Ansal Properties and Infrastructure Ltd and its promoters under the Prevention of Money Laundering Act. The case relates to alleged violations of environmental norms at two residential projects in Gurugram. Authorities claim the company failed to install adequate sewage treatment facilities, leading to untreated effluents being discharged into public sewer networks. The agency has alleged that avoiding compliance costs resulted in proceeds of crime estimated at over INR 10 crore. Earlier, commercial properties linked to the promoters were provisionally attached. The case follows action initiated by pollution control authorities and highlights stricter scrutiny of environmental compliance in large housing projects.Read more

21 Dec 2025

AIPL Ltd is investing approximately INR 987.25 crore in its new residential project, Riviera, within the AIPL LakeCity township on Dwarka Expressway, Gurugram. Spread across 5.14 acres, the first phase will feature two 43 storey towers with 3 BHK and 4 BHK apartments. The project's estimated revenue potential is around INR 1,500 crore. AIPL has engaged international design and consultancy firms for architecture, landscaping, clubhouse, and branding. This move underlines the growing developer interest in Dwarka Expressway, a corridor witnessing rising demand for premium and mid segment housing in the National Capital Region.Read more

21 Dec 2025

Police in Ahmedabad have registered a criminal complaint against a group of developers and their associates on allegations of large-scale cheating and breach of trust involving approximately 95 homebuyers. Complainants allege that the group sold properties in a proposed housing project without securing required regulatory approvals and later sold the land to others. The total amount allegedly collected from buyers is around INR 35 crore, prompting an investigation by the Detection of Crime Branch into transactions, notarial agreements and the role of intermediaries in the scheme.Read more

21 Dec 2025

Indore is advancing a comprehensive housing initiative to achieve slum-free status within five years. The city plans to construct over 16,000 multi-storey homes in the next three years under PMAY 2.0, as part of a larger goal of 1.5 lakh houses. The project covers flats built by the municipal corporation, rental housing, and homes supported by individual subsidies. Strategically chosen sites and submitted DPRs aim to relocate slum residents, removing encroachments that impede development projects and Master Plan roads, reinforcing the city's commitment to organized urban growth.Read more

21 Dec 2025

A premium bungalow property on Linking Road in Santacruz West has been sold for INR 164 crore, making it one of the significant high-value residential land deals in Mumbai's western suburbs. Known as Dwarka Bungalow, the plot spans about 13,629 sq ft and includes an old ground-plus-one structure. The buyer, ZYJ Estates LLP, is linked to luxury real estate developers, with the acquisition driven largely by redevelopment potential. Santacruz West continues to attract such transactions due to limited land availability, strong connectivity and proximity to Bandra Kurla Complex. The deal highlights sustained demand for prime redevelopment plots in established luxury residential micro-markets.Read more

21 Dec 2025

Around 192 residents were evacuated from a residential building in Surat after a compound wall collapsed in heavy rain, prompting safety concerns and immediate action by local authorities. No casualties were reported, but officials said the structural damage posed significant risk, leading to the temporary displacement of families. Municipal engineers are conducting a detailed safety assessment before any re-entry is permitted, and alternative accommodation is being arranged for affected residents.Read more

21 Dec 2025

Mahindra Lifespaces has launched Mahindra Blossom, a premium residential development in Whitefield, Bengaluru, with a gross development value of around INR 1,900 crore. The project features 2, 3, 3.5, and 4 BHK homes designed with cross-ventilation, natural light, and expansive balconies, covering approximately 75% open-to-sky area. Amenities include a clubhouse, swimming pool, jogging tracks, sports courts, landscaped gardens, and a pet park, along with high-street retail facilities. Positioned near major IT hubs and the Hopefarm Channasandra metro, it reflects Mahindra Lifespaces focus on sustainable, well-connected, and community-centric living spaces.Read more

20 Dec 2025

Police in Lucknow have registered a fraud case against Fahad Yazdani, owner of Yazdan Infrastructure, and three associates for allegedly defrauding buyers in connection with a residential project. The complainant claimed that flats were sold with purported approvals and necessary clearances, but the project was later ordered to be demolished by the development authority. Authorities allege that the accused extorted significant sums from multiple buyers.Read more

20 Dec 2025

Prestige Group has exited its proposed luxury residential project in Lutyens Delhi after selling the bungalow it owned on Kasturba Gandhi Marg for INR 450 crore. The Bengaluru-based developer had acquired the 5,100 sq yd property from TDI Infratech for about INR 300 crore and planned a boutique project of 8-9 high-end homes. Persistent approval delays and strict development controls in the Lutyens Bungalow Zone led to the decision. The company has since shifted focus to residential opportunities across the NCR region.Read more

20 Dec 2025

Haryana has achieved a significant milestone in its digital property reforms by completing 50,000 paperless property registrations, marking a shift towards streamlined, technology-driven land record management. Under the state's e-registration initiative, buyers and sellers can complete property registrations online, reducing paperwork, enhancing transparency and cutting turnaround times. The government said the increase in digital registrations reflects strong adoption of the system and its benefits for stakeholders, including reduced costs and improved ease of doing business. Authorities have indicated further enhancements to the platform to integrate additional services and expand paperless transactions across all districts, reinforcing the state's commitment to modernising land administration.Read more

20 Dec 2025

The Enforcement Directorate has conducted search operations across Delhi-NCR at premises linked to Angle Infrastructure Pvt Ltd, Nauseva Buildwell LLP and a resolution professional as part of a money laundering investigation connected to the stalled Krrish Florence Estate housing project in Gurugram. The probe is based on multiple FIRs related to delayed flat delivery, alleged fund diversion and irregularities during the insolvency resolution process. Investigators have seized unexplained cash and electronic records to trace suspected financial misconduct impacting homebuyers and lenders.Read more

19 Dec 2025

Bollywood actor Kareena Kapoor has leased her Bandra West apartment in Mumbai for a monthly rent of INR 2.75 lakh, according to property records. The lease is for three years, with a security deposit of INR 8.25 lakh, and includes a 5% rent increase after the first year. The apartment, located in the Land Breeze building, benefits from Bandra West's strong connectivity and premium neighbourhood appeal. The deal follows a similar lease renewal by Kareena's sister, Karisma Kapoor, highlighting Bandra West's ongoing demand among high-profile tenants and corporate renters.Read more

19 Dec 2025

Mahindra Lifespace Developers Ltd is targeting revenue of around INR 1,900 crore from its newly launched residential project, Mahindra Blossom, located in Whitefield, Bengaluru. The company disclosed that the project has a potential gross development value of approximately INR 1,900 crore. Mahindra Lifespace currently has a residential portfolio of 53.30 million sq ft across seven Indian cities. In addition to housing, it manages over 5,000 acres of integrated developments and industrial clusters across four locations, reflecting its dual focus on residential and infrastructure-led real estate.Read more