Yamuna Expressway Authority Resumes Land Acquisition Push
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to reignite its efforts to acquire a substantial land bank of 6,317 hectares spread across 36 villages. This ambitious plan, initially conceived in 2012, was stalled due to various challenges, including farmer resistance and legal complexities. However, the authority is now
SEBI Imposes Strict Penalties on Omaxe for Financial Misconduct
SEBI has imposed a two-year ban on Omaxe, its chairman, MD, and three others for serious financial irregularities, including fraudulent transactions and misrepresentation of financial data. The Securities and Exchange Board of India (SEBI) has taken a stern stance against fraudulent activities in the securities market by imposing a two-year
Tribunal Halts Bankruptcy Proceedings Against Supertech Township
The NCLAT has stayed bankruptcy proceedings against Supertech Township, providing a temporary respite for homebuyers and the developer to negotiate a settlement. In a significant development, the National Company Law Appellate Tribunal (NCLAT) has temporarily halted the insolvency proceedings initiated against Supertech Township Projects Limited. The decision comes after the
Adani Group Eyes Delhi-NCR Dominance with Jaypee Real Estate Bid
Adani Group is planning a major entry into Delhi-NCR’s real estate market by bidding for bankrupt Jaypee Infratech’s assets. In a strategic move that could reshape the Delhi-NCR real estate landscape, Gautam Adani’s conglomerate is reportedly gearing up to make a substantial bid for the beleaguered Jaypee Infratech’s real estate
Allahabad High Court Grants Developer Relief Amid Road Construction Delays
The Allahabad High Court has offered a reprieve to Sunshine Trade Tower Pvt Ltd, a developer grappling with the Noida Authority’s failure to construct promised approach roads for its commercial plot. In a landmark decision, the court granted a ‘zero period’ waiver, providing significant relief to the embattled developer. The
JMS Group Acquires 8.65 Acres in Gurugram for Flagship Residential Project
JMS Group’s acquisition of 8.65 acres in Gurugram for a new residential project valued at Rs 1,000 crore signals a major expansion for the company. Delhi-NCR’s real estate landscape is witnessing a surge in development, and JMS Group is at the forefront of this growth trajectory. The company has recently
Delhi-NCR Claims Fifth Spot in Asia Pacific’s Most Expensive Office Rental Market
Delhi-NCR emerges as the fifth most expensive office rental market in the Asia Pacific, driven by consistent rental performance and robust leasing activity. Delhi-NCR has solidified its position as a prime commercial hub by securing the fifth spot in the Asia Pacific region’s most expensive office rental market. According to
Shah Rukh Khan’s Son Invests in Delhi Real Estate
Shah Rukh Khan’s son, Aryan Khan, purchases two floors in a Delhi building for Rs 37 crore. In a recent high-profile real estate deal, Aryan Khan, son of Bollywood superstar Shah Rukh Khan, has acquired two floors in a prestigious building in Delhi’s Panchsheel Park for a staggering Rs 37
DLF Charts Aggressive Growth Path with Rs 1.04 Lakh Crore Investment
Real estate titan DLF has unveiled an ambitious expansion plan, pledging a substantial investment of Rs 1.04 lakh crore to bolster its residential portfolio. This significant capital infusion will be channeled into the development of new residential projects, primarily targeting the high-growth corridors of Delhi, Gurugram, and Mumbai. The move
DLF Reiterates ₹17,000 Crore Sales Target Amidst Strong Financials
DLF maintains FY25 sales target of ₹17,000 crore, bolstered by robust Q1 performance and healthy financials. DLF Limited has reaffirmed its sales bookings target of ₹17,000 crore for the fiscal year ending March 2025. The company’s confidence in achieving this ambitious goal is underpinned by the exceptional performance in the
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