News

Realty firm Prestige Estates has tied up in a joint venture to build a residential project in Gurugram with a potential revenue of Rs 5,600 crore.   Bengaluru-based Prestige Estates has entered a joint development agreement (JDA) with a landowner for the project in its Delhi-NCR foray. It is now constructing a housing project in Ghaziabad and will soon launch a residential project in...

Real estate company Max Estates is gearing up to enter Delhi’s residential property market in a major way. The company’s board has approved the acquisition of a firm that holds land worth approx. 84.71 crore in Sector 3, Najafgarh, Delhi. A key feature of this deal is that Max Estates will not make a cash payment for the acquisition. Instead, the entire transaction will be completed through a non-cash...

A major transaction has been done in the luxury real estate market of Noida. Namely, RedRose Vanijya LLP - a firm directed by Riju Jhunjhunwala of the Bhilwara group - has purchased a luxury apartment spanning approximately 10000 square feet for 37 crore rupees. This apartment is a part of Max One, a luxury mixed-use development located in Sector 16B, Noida. This project is being developed by Max Estates...

Gulshan Group is going to invest around ₹1,000 crore to develop a residential project named Gulshan Empire. They plan to develop this project in Phase-I, Sector-1 of Wave City. It is expected to generate sales of over ₹1,200 crore. As the Gulshan Group plans to expand its residential portfolio, it will strengthen the Noida real estate market and provide more property options to homebuyers.  It...

In Greater Noida, a major move against a defaulting builder in Greater Noida, the process to recover outstanding land dues amounting to approximately 315 crore rupees has been initiated. This step is likely to benefit 8,856 home buyers the most, as they have been waiting for a long time to get their flats registered. The registration process for several housing projects had been stopped due to the non-...

The commencement of commercial operations at Noida International Airport is expected to unlock new growth opportunities for the NCR real estate market. Industry experts said that this Airport is not only an aviation project but a major infrastructure milestone that will drive the overall development of the Noida, Greater Noida, and Yamuna Expressway regions. Once it is started, the demand is projected to...

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has implemented a new rule to promote transparency and accountability in the real estate sector.  The Authority has mandated quarterly transaction reporting for registered real estate agents. Following this decision, agents will be required to upload details of the property transactions they have facilitated onto the UP-RERA portal every...

Speed of development due to ₹6,048 Crore Budget By approving a budget of ₹6,048 crore for the financial year 2026- 27, the Greater Noida Authority has sent a strong signal that the Greater Noida development is now going to reach the next level. This decision was taken during the Authority’s 143rd board meeting, which placed a focus on infrastructure and connectivity. The meeting was chaired by...

Appeal rejection of Vedanta, clear takeover of Adani One important judgement is given by NCLAT (National Company Law Appellate), in which it dismisses the appeal of Vedanta in the Vedanta vs Adani bid case. And, after this decision, Adani Group’s takeover path has almost cleared.  In its orders, the Court clearly stated that the arguments put forth by Vedanta lacked strong points. That is why...

An important development has emerged regarding the projects of Supertech Limited, a company that has been facing challenges in the Real estate sector for quite some time. The Supreme Court of India has issued clear directives that a decision be taken quickly regarding the remaining 14 housing projects, so as to clear the way for their completion and provide relief to the hundreds of buyers who are waiting...