19 Aug 2025

The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of INR 27 lakh on Googee Properties Pvt. Ltd. for illegally marketing and selling plots in an unregistered project in Ibrahimpatnam, Rangareddy district. The authority's decision, which came after complaints from 12 homebuyers, also mandates that the developer refund the buyers' money with an annual interest rate of 10.8% with an immediate cease on all sales activities. This ruling serves as a strong warning to promoters who attempt to circumvent the law by selling plots under "pre-launch offers" without the required statutory approvals and registration.Read more

19 Aug 2025

In a landmark decision, the Kerala Real Estate Regulatory Authority (RERA) has granted a flat owners' association the authority to take over and complete a stalled apartment project in Angamaly. The developer, MIR Builders and Developers, had abandoned the "MIR CINTRA" project after collecting more than INR 15 crore from approximately 50 allottees, leaving the construction unfinished. This unprecedented ruling allows the association to register as the new promoter and secure their investments by pooling resources to finish the project. The move sets a powerful legal precedent, offering a new pathway for homebuyers to rescue their projects when builders fail to deliver.Read more

19 Aug 2025

The Ghaziabad Development Authority (GDA) has transferred 76 supervisors this past week in response to growing complaints of their involvement in unauthorised construction. Residents alleged that some supervisors were working with contractors and taking money to ignore violations, including approval of extra floors in buildings. Illegal colonies have steadily expanded in recent years, rising from 321 to 351 across nearly 3,000 acres. By moving staff who had been posted in the same zones for years, the authority aims to break existing networks and restore tighter oversight of construction activities.Read more

19 Aug 2025

The Goa Real Estate Regulatory Authority (RERA) has recently issued a comprehensive circular targeting misleading and vague advertisements by real estate developers. This significant initiative aims to enhance consumer protection and instill greater transparency and accountability in the state's real estate market. The new guidelines prohibit the use of broad disclaimers like "terms and conditions apply" and mandate that all project promotions, including those on digital platforms and billboards, must prominently feature the project's official Goa RERA registration number and the authority's website. Developers are now also required to provide specific, verifiable details about amenities and are banned from using variable measures like travel time.Read more

19 Aug 2025

MahaRERA has issued recovery warrants amounting to nearly INR 90 crore against Honest Shelters Pvt Ltd, the promoter of the long-delayed Palais Royale project in Mumbai. The action follows the developer's failure to comply with directives to hand over seven flats to IIFL Finance Ltd with an occupancy certificate and to pay interest for delayed possession. The orders, passed across multiple hearings, rejected the developer's objections on jurisdiction and firmly upheld IIFL's entitlement to interest until possession was formally transferred. The dispute stems from Honest Shelters taking over the stalled project in 2019 after a INR 705 crore auction by Indiabulls Housing Finance.Read more

19 Aug 2025

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

19 Aug 2025

The Telangana government is holding housewarming ceremonies for Indiramma housing beneficiaries across constituencies ahead of the local body elections. With INR 22,500 crore allocated per constituency and around 3,500 homes sanctioned in each, the program represents one of the largest housing efforts in the state. For the first time, Chenchu tribal families have been included, with more than 22,000 homes sanctioned in four ITDA regions. Building on pilot-phase progress, where 47,000 homes were already underway with INR 68 crore support, the state is also providing engineering aid during the monsoon to keep construction on track.Read more

19 Aug 2025

The Comptroller and Auditor General (CAG) has reported a notional loss of INR 13,362 crore due to lapses and irregularities in the Greater Noida Industrial Development Authority's operations. Covering 2005-06 to April 2021, the audit revealed that GNIDA prioritized residential growth over its core mandate of industrial development, with residential land use exceeding plans while industrial use lagged. Irregularities in group housing allotments alone left INR 10,732 crore in pending dues, causing project delays and distress for homebuyers. The report also flagged misuse of land acquisition rules and weak enforcement against defaulters. GNIDA says it is revising policies and pursuing recovery measures.Read more

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

18 Aug 2025

The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, by upholding a previous NCLT order. The NCLAT dismissed an appeal by promoter Ram Kishore Arora, whose settlement proposal was rejected by a consortium of banks with over INR 990 crore in dues. This decision allows for the formation of a Committee of Creditors to take over the project, which is 80% complete, a significant step towards a resolution for thousands of homebuyers waiting for possession in Noida.Read more