ED Searches DLF Premises in Supertech Probe
The Enforcement Directorate (ED) has conducted searches at the premises of real estate giant DLF in Gurgaon as part of an ongoing money laundering investigation against Supertech, a real estate firm, and its promoters, according to official sources. Over the…
SEBI’s Boost to Fractional Ownership in Real Estate
SEBI, in its recent board meeting, announced significant decisions, including measures related to fractional ownership, with a primary objective of safeguarding investor interests. The move is a strategic effort to regulate the real estate fractional ownership segment, a development hailed…
India Requires 2 Billion Sq Feet of Healthcare Real Estate to Address Population Needs: Knight Frank Report
India requires an additional two billion square feet of healthcare real estate to meet the current needs of its population, given the existing bed-to-population ratio of 1.3 beds per 1,000 people, as per a Knight Frank global healthcare report. The…
DLF Acquires 31,254 sqft Office Space in Gurugram for Rs 81 Crore
The recent acquisition by DLF in Gurugram’s real estate market adds a new chapter to the evolving landscape of office spaces. The 31,254 square feet office space in Two Horizon Center, purchased for Rs 81.04 crore, not only underscores the…
Poovayya & Co: Facilitating Bengaluru’s Real Estate Growth
Krishna Priya Estates Private Limited and Micro Labs Limited, both based in Bengaluru, have successfully finalized a joint development agreement with Brigade Enterprises Limited, a prominent real estate developer. The collaboration aims to construct approximately 2 million square feet of…
Oberoi Realty Unveils Luxurious 3BHK Apartments in Thane’s Kolshet Area, Starting at Rs 1.87 Cr
Oberoi Realty made headlines on November 20 with the launch of Forestville by Oberoi Realty, a high-end residential project situated in Thane’s Kolshet area, near Mumbai. Spanning across 18 acres, the development comprises five residential towers primarily featuring 3 BHK…
Crackdown in Gurgaon: 29 Arrested in 96 Cases of Unauthorized Construction and Commercial Property Use
Over the last four months, the newly established Enforcement Bureau police station in Gurgaon has taken action against unauthorized construction and the commercial use of residential properties in the city. A total of 96 cases have been filed, leading to…
PCMC Deploys 10 Squads to Expedite Property Tax Collection
In a concerted effort to bolster municipal revenue, the Panvel City Municipal Corporation (PCMC) has deployed 10 specialized squads tasked with issuing pre-seizure notices to property owners who have defaulted on property tax payments, despite prior appeals and reminders. These…
Telangana High Court Rules in Favor of Housing Board Employees After 25-Year Legal Battle for Plots
In a significant legal triumph lasting a quarter-century, 320 employees of the Telangana Housing Board have emerged victorious in their dispute with the state government over house plots. The Telangana High Court, on Friday, dismissed the contentions of the government…
Bengaluru Rental Crisis: Tenants Forced to Vacate Amid Soaring Property Prices
In the face of escalating property prices, tenants in Bengaluru are grappling with an unexpected challenge – landlords asking them to vacate their rented apartments for the purpose of selling the properties, even while existing rental agreements are in force….