The Karnataka government has reportedly decided to scrap the proposal for a dedicated RERA recovery cell, disappointing several homebuyer welfare groups and consumer rights activists who believed the move could have strengthened enforcement against defaulting builders. The proposed recovery cell was expected to help homebuyers recover compensation, refunds, and dues awarded through Karnataka RERA orders. […]
Life Insurance Corporation of India (LIC) is exploring the possibility of creating a separate subsidiary to manage and improve returns from its vast real estate portfolio, which is estimated to be worth over ₹60,000 crore. The move is aimed at increasing efficiency in property management and maximising long-term returns for policyholders and shareholders. LIC CEO […]
A local court in Gurugram has denied bail to a builder accused in an alleged fraud case involving an NRI investor and a commercial real estate project in Sector 85. The court observed that the allegations pointed towards a “deliberate act of deception” and possible criminal conspiracy linked to the investment deal. According to the […]
The Municipal Corporation of Delhi (MCD) has removed the requirement for physical inspections in the regularisation process of small residential buildings, aiming to simplify approvals and reduce delays for property owners. The move applies to residential plots up to 100 square metres. According to officials, property owners seeking regularisation will now be able to complete […]
The Enforcement Directorate (ED) has intensified its crackdown on alleged financial irregularities in Punjab’s real estate sector by conducting raids at multiple locations linked to Royale Estate Group and Chandigarh Royale City Promoters Pvt Ltd (CRCPL) across Chandigarh, Mohali, and Zirakpur. According to officials, the investigation relates to allegations of fraud, money laundering, criminal conspiracy, […]
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has approved 13 new residential and commercial projects worth ₹3,052.73 crore across eight districts in the state. The approved developments are expected to add around 4,772 residential and commercial units, boosting real estate activity and urban infrastructure growth in Uttar Pradesh. Ghaziabad received the highest share of […]
The Chandigarh Administration has formed a committee to review “need-based changes” in more than 65,000 Chandigarh Housing Board (CHB) homes across the city, sparking controversy among residents. The committee will examine modifications made by homeowners and decide which changes can be regularised under existing policies. The issue gained attention after authorities carried out demolition drives […]
Authorities in Gurugram have intensified demolition and sealing drives against illegal constructions and encroachments across multiple residential and commercial areas. The enforcement action is being carried out by the Department of Town and Country Planning (DTCP) along with local authorities to curb violations of approved building norms. The latest drive targeted unauthorized structures in areas […]
The Central Bureau of Investigation (CBI) has filed a chargesheet against Logix City Developers Pvt. Ltd., its directors, and officials from ICICI Bank and HDFC Bank in connection with an alleged homebuyers fraud case linked to a housing project in Noida. According to the CBI, the accused allegedly conspired to cheat homebuyers and financial institutions […]
Prime Minister Narendra Modi’s recent appeal encouraging work-from-home (WFH) practices to reduce fuel consumption amid the West Asia crisis has reignited discussions around hybrid work and its long-term impact on India’s real estate sector. Industry experts believe that if hybrid or remote work gains momentum again, it could significantly influence both commercial and residential […]
