Category : Business

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 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

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

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 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

Real estate behemoth DLF has kicked off the new fiscal year on a high note, reporting a robust 23% increase in consolidated net profit to ₹645.61 crore for the April-June quarter. This impressive performance is underpinned by a significant jump in total income to ₹1,729.82 crore, compared to ₹1,521.71 crore

The National Company Law Tribunal (NCLT) has approved the takeover of debt-laden Alchemist Infra Realty by Vantage Point Asset Management. This development marks a significant milestone in the resolution of the troubled real estate developer’s insolvency proceedings. Alchemist Infra Realty had accumulated substantial debts, leading to insolvency proceedings. The acquisition

The Karnataka government is taking decisive steps to curb the rampant issue of illegal land registration within its borders. A cornerstone of this initiative is the comprehensive integration of e-khata records for all properties across the state. By digitizing land ownership details and making them publicly accessible, the government aims

A delegation of concerned residents from Noida recently met with the city’s CEO to demand immediate attention to a growing list of civic problems that have significantly deteriorated their quality of life. The residents’ association presented a comprehensive overview of the issues plaguing the area, including rampant encroachments on public

The Union Budget 2024-25 sparked mixed reactions within the real estate industry. Developers of affordable housing projects cheered the significant allocation of ₹10 lakh crore under the Pradhan Mantri Awas Yojana (PMAY). This substantial investment is expected to create ample opportunities for builders focusing on low and mid-income segments. Additionally,