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. […]
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 […]
India’s affordable housing shortage is worsening as rising property prices, increasing construction costs, and limited supply continue to push homeownership out of reach for many middle- and lower-income families. Recent reports show that affordable housing launches across major cities have declined significantly over the past few years despite strong demand in the segment. (indiatoday.in) Industry […]
Palwal in Haryana is rapidly emerging as a major real estate destination as the upcoming Noida International Airport in Jewar boosts investment activity across NCR. Improved connectivity, relatively affordable land prices, and infrastructure expansion are attracting both developers and investors to the region. (timesofindia.indiatimes.com) The city’s strategic location along the Delhi-Mumbai Expressway, Eastern Peripheral Expressway, […]
Residents in Gurugram have approached the National Green Tribunal (NGT) against the proposed construction and demolition (C&D) waste collection sites near residential sectors along the Dwarka Expressway. Locals raised concerns over dust pollution, environmental damage, traffic movement, and health risks linked to the proposed facilities. The opposition mainly focuses on the planned secondary C&D waste […]
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 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 […]
Theia Real Estate is expanding its “owner-first” asset management model in Jaipur as the city’s land market witnesses rising demand for more structured and transparent real estate transactions. With rapid infrastructure growth, urban expansion, and increasing investor interest, Jaipur’s land values have seen significant appreciation in recent years. Industry experts believe traditional land transactions are […]
The historic Birla Cotton Mills land parcel in Delhi is set to be redeveloped into a large residential mixed-use project. The redevelopment will include housing and retail spaces spread across nearly 30 lakh square feet. The project will be jointly developed by multiple partners on land owned by Texmaco Infrastructure & Holdings, a company under […]
