News

More in News

• Redefining urban living: Intergenerational townships for India’s senior housing evolution

  India's real estate shows resilience with significant investment. Experts see senior living as a growth area due to changing family structures. The senior population is rising, creating demand for suitable housing. Intergenerational townships, where seniors live within mixed communities, are the future. Developers can diversify portfolios by investing in these inclusive spaces.

  

• Omaxe Group secures ₹500 crore funding from Oaktree

  Omaxe Group received ₹500 crore funding from Oaktree Capital. This will speed up project completion. It will also help in new investments. Omaxe New Chandigarh Developers raised ₹431 crore through debentures. The company has already repaid ₹1,285 crore to lenders. These funds will be used for faster execution of projects. The company aims to explore expansion in select markets.

  

• Stone-crushing units in Paonta Sahib violating environmental norms, finds NGT joint panel

  A National Green Tribunal joint committee found five stone-crushing units in Himachal Pradesh's Sirmaur district violating environmental regulations. The units, located in Rampur Ghat, failed to comply with norms regarding dust emission, pollution control, and green belt development. Operations are suspended until compliance is verified, following allegations of illegal mining and environmental damage.

  

• Arvind SmartSpaces posts net profit of ₹11.96 crore in Q1 FY26

  Arvind SmartSpaces witnessed a significant surge in profitability during Q1 FY26, with net profit soaring by 159.44% to ₹11.96 crore. The company's total income also experienced substantial growth, reaching ₹106.39 crore, marking a 37.79% increase compared to the previous year.

  

• BGO and Aditya Birla Sun Life AMC extends ₹350 crore debt funding to Namo Realtech

  Namo Realtech secured ₹350 crore in debt funding from BGO and Aditya Birla Sun Life AMC to fuel its real estate expansion plans. This investment will accelerate new projects already in the pipeline. BGO and Aditya Birla Sun Life AMC's platform has committed $100 million across 10 deals and aims to deploy $1 billion by 2028.

  

• Akshay Kumar sells two properties in Mumbai for ₹7.10 crore

  Akshay Kumar divested two residential properties in Oberoi Realty's Sky City, Borivali East, Mumbai, for ₹7.10 crore in June 2025. The larger property, bought in 2017 for ₹3.02 crore, sold for ₹5.75 crore, appreciating by 90%. The second, smaller unit saw a 99% appreciation.

  

• Delhi government has earmarked ₹700 crore for slum areas: CM

  Chief Minister Rekha Gupta announced a Rs 700 crore budget allocation for slum development, promising housing for eligible residents displaced by projects like the Azadpur railway station expansion. She criticized previous AAP and Congress governments for neglecting slums and treating residents as mere vote banks.

  

• ADQ-Sheikh Tahnoon vehicle eyes $200 million stake in Aadhar Housing Finance

  An investment vehicle backed by Abu Dhabi's ADQ, linked to Sheikh Tahnoon bin Zayed al-Nahyan, is in advanced talks to acquire a 10-12% stake in Aadhar Housing Finance from Blackstone for $200-225 million. This follows Blackstone's near $2 billion capital commitment via a continuation vehicle. The deal highlights strong investor confidence in India's affordable housing sector and Aadhar's growth potential.

  

• ED probes Reliance Home Finance for writing off ₹7,000 crore loans to group firms

  The Enforcement Directorate (ED) is investigating Anil Ambani's Reliance group for allegedly diverting ₹12,000 crore from Reliance Home Finance Ltd (RHFL) to related entities. Assisted by multiple agencies, the ED is scrutinizing transactions involving 22 individuals and 60 companies.

  

• Supertech homebuyers seek CJI, PM intervention to let NBCC complete projects

  Homebuyers of 16 stalled Supertech projects have appealed to the Chief Justice of India and Prime Minister Modi, urging them to assign the projects to NBCC instead of Apex Group. They seek the removal of a stay on an NCLAT order that favored NBCC, citing concerns about Apex Group's proposal and financial viability.

  

• No OCs to building owners in Hyderabad for illegal disposal of construction debris

  Hyderabad building owners may soon need C&D waste disposal certificates to obtain occupancy certificates, as GHMC plans stricter regulations to combat illegal dumping. The new rules require engaging waste collection agencies and proper documentation.

  

• Knowledge Realty Trust gets Sebi nod to launch ₹4,800-crore REIT-IPO

  Knowledge Realty Trust, sponsored by Sattva Group and Blackstone, has secured SEBI approval for its REIT public offering, aiming to raise ₹4,800 crore. Scheduled to hit capital markets in early August, KRT is poised to become India's largest REIT by gross asset value. The company owns over 46 million sq ft of office assets across major cities.

  

• Motilal redevelopment on course as Bombay HC junks plea

  The Bombay High Court has dismissed a review petition, clearing the path for the redevelopment of the 141-acre Motilal Nagar in Goregaon West, a project led by MHADA with Adani Realty as the consultant. This decision upholds MHADA's right to redevelop the land through private developers, rejecting the residents' group's claim for self-development.

  

• Data for India's founder buys plot in Vasant Vihar for Rs 113 crore

  Akhil Wable of DataforIndia acquired a 1,280-square yard plot in Vasant Vihar for Rs 113 crore from Eleannt Enterprises, who had purchased it earlier this year for Rs 95 crore. South Delhi's real estate market shows considerable appetite with limited inventory and high price appreciation, with transactions in Vasant Vihar reaching Rs 9–12 lakh per sq. yd.

  

• EV charging points must for all new housing societies in Lucknow

  Lucknow is set to boost electric vehicle adoption. New housing projects must reserve 20% parking for EVs. Lucknow Development Authority plans residential projects in Gomti Nagar, Aishbagh, and Basant Kunj. Designs will prioritize ventilation and larger spaces. Units will offer 2 and 3BHK options with amenities. Pricing will be below private sector rates.

  

• Dumping of construction debris to invite stop-work notices in Kolkata

  Kolkata Municipal Corporation will monitor dumping of construction materials. This action aims to prevent waterlogging across the city. Developers must store materials on the ground floor of buildings under construction. Failing to comply, KMC will issue stop-work notices. New Town Kolkata Development Authority will implement a redressal system for waste disposal. Building plans require a waste management plan for approval.

  

• Madurai civic body cracks down on construction dust violations

  Madurai Corporation is cracking down on construction sites, mandating green safety nets to control dust and debris due to rising complaints. Violators will face fines. A long-delayed project to establish a C&D waste processing plant remains stalled, hindering efforts to manage the city's 150 tonnes of daily construction waste.

  

• Varanasi development body begins campaign on new building bylaws

  The Varanasi Development Authority is actively promoting the UP Development Authority Building Construction and Development Bylaws-2025, aiming to streamline construction and encourage green buildings. Workshops are being conducted to educate builders and owners about the new regulations, including simplified zoning and relaxed standards for various establishments. The initiative also addresses concerns regarding road access requirements for new developments.

  

• Thane civic body orders strict curbs on transport of construction material in Yeoor Hills

  Thane Municipal Corporation has restricted construction material transport to Yeoor Hills. This is an environmentally sensitive zone. Permissions are needed from the Urban Development Department. Registration with the forest department is mandatory.

  

• Jammu & Kashmir: 679 houses completed under PMAY in Bhaderwah

  The Pradhan Mantri Awas Yojana (PMAY) has achieved a milestone in Bhaderwah. The central government completed 679 houses. This initiative provides homes for underprivileged families. Many people lived in unsafe conditions. Now they have permanent homes with better facilities. Shahdi Lal, a daily wage labourer, received a new house. He thanked the government for the support.