RERA
Builder insolvency delays your flat possession? Know how the new IBBI amendment can protect homebuyers
The Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules with the aim of giving relief to specified homebuyers who are stuck in projects where the builder has gone insolvent. This amendment says that now, if there is a viable project built by a builder who is under the insolvency process, then this viable project won’t be included in the insolvency process if it gets the majority votes.
Do luxury townships really earn higher rents in Mumbai? Here's what buyers should check
Mumbai's luxury housing market is experiencing increased interest in residential townships. But buyers should consider various factors impacting rental yields before making investments. Evaluating the developer's track record and comparing resale potential are also crucial. Additionally, understanding maintenance charges related to townships can affect actual returns.
Richville Infra to develop senior-living focused project in Ludhiana
Richville Infra Private Limited plans to invest around ₹500 crore to develop a 100-unit senior-living and NRI-focused residential project on five acres at Hambran Road in Ludhiana, Punjab. The project, named Tirthankar Abode, is expected to generate revenue of around ₹1,000 crore.
Rustomjee posts record 1,423 cr pre-sales in Q2, targets Rs 5,000 cr for FY27
Rustomjee Group, noted for its luxury projects, achieved record pre-sales of Rs 1,423 crore in the second quarter. The company's net profit rose to Rs 101 crore compared to Rs 10 crore last year. Additionally, revenue from operations saw a significant increase to Rs 497 crore during the same period. Rustomjee plans to focus on redevelopment and expand throughout the Mumbai Metropolitan Region.
Homebuyers’ body FPCE urges PM Modi to restructure RERA as consumer protection law
The Forum for People’s Collective Efforts has urged Prime Minister Narendra Modi to overhaul the Real Estate (Regulation and Development) Act. They emphasize the critical need to distinguish consumer protection from the promotion of the real estate sector, citing persistent enforcement challenges. The group reveals that many homebuyers are facing financial losses due to stalled projects.
Landmark Group acquires 22-acre land on Dwarka Expressway
Landmark Group has acquired a 22-acre land parcel on Dwarka Expressway for integrated development. The expansion includes a corporate project in Gurugram and mixed-use development valued at Rs 11,000 crores. Landmark One aims to establish a benchmark for office infrastructure with 2.1 million sq ft of leasable area. Rs 330 crores has been raised from SBI for the construction of the first phase.
IBBI tightens real estate insolvency rules to prioritise home delivery
India's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessments of construction progress and funding needs are now mandatory for real estate projects. Creditors with at least 66% voting share can recommend excluding projects from insolvency proceedings. Homebuyers will now have representation on monitoring committees to oversee implementation. These measures aim to improve transparency and protect the interests of homebuyers during insolvency.
Supertech homebuyers move SC as 17 stalled projects remain stuck, Rs 30 crore spent
Homebuyers of Supertech Limited have raised significant concerns regarding the lack of progress on stalled housing projects. The Homebuyers’ Association alleges that funding for the projects has been repeatedly declined, despite available proposals. The Association urges the Supreme Court to appoint a One-Man Committee for project completion. They emphasize the financial burden on homebuyers due to growing expenses without any delivered units.
Trehan IRIS to develop a senior living project in Gurugram
Trehan IRIS will introduce a senior living community in Gurugram, complemented by a commercial landmark in Noida. The ambitious IRIS Broadway Greno West project in Greater Noida West has secured an investment of Rs 400 crore. Aimed at a vibrant young population in the area lacking adequate retail and entertainment options, this mall is projected to attract large crowds and foster substantial annual revenue.
ARIS' Unitern gets Transcon mandate for Rs 250 cr project in Mumbai
ArisUnitern RE Solutions will oversee the second phase of a commercial project in Santacruz, Mumbai. This phase includes retail shops and small office spaces, covering approximately 0.56 lakh square feet. The gross development value of the project is estimated at Rs 250 crore, with all necessary approvals in place. Unitern's mandate, lasting 18 months, will involve project execution and material procurement.
Saif Ali Khan sells 797 sq ft Bandra West apartment with two parking spaces for Rs 4.11 crore
Saif Ali Khan has sold a 797 sq ft apartment in Bandra West, Mumbai, for Rs 4.11 crore, along with two open parking spaces, according to property registration documents accessed by CRE Matrix. In a separate deal, the actor has leased two commercial units on Andheri Kurla Road to Durva Fintech Private Limited for Rs 22.76 lakh per month. The actor also owns a family home in Satguru Sharan and previously purchased an apartment in Fortune Heights, Bandra.
MahaRERA approves Rs 23,719 crore housing projects ahead of festive season
MahaRERA approved 435 housing projects ahead of the festive season, indicating strong residential market activity. The approvals involve an investment of Rs 23,719 crore and comprise 32,981 apartments across various regions. The approvals included significant numbers of projects in Mumbai Metropolitan Region and Pune, contributing to market momentum. Developers are also seeking extensions for projects delayed beyond completion dates, which reflects their proactive approach.
Mahindra Lifespaces April-September pre-sales rise 66% to Rs 1,988 crore
Mahindra Lifespace Developers reported a 66% increase in residential pre-sales, reaching Rs 1,988 crore in H1 FY27. The company added Rs 7,100 crore in gross development value during the same period, showing strong demand. However, the second quarter saw a decline in profit after tax to Rs 16 crore from Rs 48 crore last year. The revenue from the integrated cities and industrial clusters also fell to Rs 63 crore.
Builder promised 1,395 sq ft flat, parking, compensation in return for property, then issued notice demanding Rs 30 lakh; landowners win over Rs 1.22 crore relief
While the landowners were given physical possession of the flat in May 2018, the developer failed to pay their share of the stamp duty and execute the registered Permanent Alternate Accommodation Agreement. They claimed that the builder also didn’t pay the agreed enhanced compensation of Rs 88 lakh for the increased FSI, as stated in the Supplementary Agreement, among other dues.
Sara Ali Khan, Amrita Singh lease Andheri office in Mumbai to AI firm for 5 years at Rs 3.76 crore; check rent, deposit and other details
Sara Ali Khan and her mother, Amrita Singh, have officially signed a five-year lease for a commercial property in Mumbai. The monthly rent is set at ₹5.85 lakh, with Upsurge Labs LLP slated to move in on October 1, 2026, following a rent-free duration for renovations. The total lease value will amount to ₹3.76 crore.
Homebuyer paid Rs 15 lakh for a Rs 10.41 lakh flat, builder threatened and asked Rs 20 lakh more; he approached Consumer Commission and won refund with interest
Mr Anwar believed that the flat would be delivered after disposal of the litigation. However, after waiting for another 3 years, he came to Patna (from USA) in September 2011 and went to the builder with his sister to inquire about the same. Allegedly, one of the directors of the construction company refused to hand over the flat, demanding another Rs 20 lakh for possession, and threatened them.
Bhumika group to invest another Rs 450 crore for land acquisition in Faridabad
Bhumika Realty plans to invest Rs 450 crore in land acquisition in Faridabad by March 2027, taking its cumulative land investment in the city beyond Rs 1,000 crore. The real estate arm of Bhumika Group has invested Rs 550 crore over the past year and is expanding across residential, plotted and mixed-use developments.
MahaRERA recovers Rs 369 crore in homebuyer compensation, recovery rate at 45%
Of the total amount recovered since the regulator’s establishment in May 2017, approximately Rs 260 crore was recovered up to December 2025, while another Rs 110 crore was recovered in 2026, providing relief to homebuyers awaiting compensation from developers.
NBCC sets Rs 9,620 crore plan to revive 16 stalled Supertech projects
NBCC has launched 25 tenders worth Rs 9,620.33 crore to complete 16 stalled housing projects by Supertech. The National Company Law Appellate Tribunal appointed NBCC as the Project Management Consultant for these developments. Progress has been delayed since the appointment, pending necessary legal approvals. Approximately 50,000 housing units are affected, impacting thousands of homebuyers. Construction is slated to begin on January 16, 2027, after addressing outstanding issues.
Load More
