06 Apr 2026

The Haryana Real Estate Regulatory Authority (HRERA) has dismissed a complaint by Sunrays Heights Pvt Ltd against homebuyers over alleged payment defaults in its Gurugram project. The developer had sought recovery of dues with interest, but the authority ruled that such disputes must be handled as per builder-buyer agreements, not through regulatory intervention. HRERA clarified that payment-related issues are contractual matters and should be resolved through appropriate legal channels. The decision reinforces the role of agreements in real estate transactions and highlights that RERA's mandate is focused on regulation and compliance, not dispute recovery for developers.Read more

06 Apr 2026

The National Company Law Appellate Tribunal has rejected a plea by Raheja Developers to terminate insolvency proceedings for its Raheja Shilas project in Gurugram, stating that disputes with homebuyers remain unresolved. The tribunal held that withdrawal of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code can only be permitted after a complete settlement between parties. Over 40 homebuyers had initiated the insolvency proceedings, objecting to closure despite claims of possession being handed over. The tribunal has limited the CIRP to the specific project while allowing creditors related to other developments to pursue independent legal action.Read more

06 Apr 2026

Ceigall India has secured 15 power purchase agreements through its subsidiary to supply electricity from a 130 MW solar project in Madhya Pradesh under the Surya Mitra Krishi Feeder Yojana. The project will provide daytime power to the agricultural sector and support clean energy goals. With an EPC cost of around INR 572 crore, the project will be executed within 12 months and operated for 25 years at a tariff of INR 2.85 per unit. This marks the company's entry into solar energy alongside its infrastructure business.Read more

06 Apr 2026

The National Company Law Appellate Tribunal (NCLAT) has ruled in favour of Delhi Metro Rail Corporation (DMRC), stating that it is not obligated to revive a previously terminated concession agreement with Pratibha Industries Ltd (PIL). The agreement, linked to a multi-level parking project at the New Delhi Railway Station-Airport Express Line, had been terminated well before insolvency proceedings began. The decision modifies an earlier NCLT order that had directed DMRC to cooperate with the resolution plan. The ruling clarifies limits on tribunal authority over third-party contracts in insolvency cases.Read more

06 Apr 2026

A recent CAG report has highlighted a major gap in the transfer of cess collections by the central government, amounting to INR 3.69 lakh crore up to FY 2023-24. The issue was raised in the Rajya Sabha by an RJD MP, who pointed to delays and discrepancies spanning decades. Several funds, including those linked to health, education, highways, and investor protection, have seen shortfalls. The MP also questioned inconsistencies between official claims and government accounts, calling for transparency and corrective action to ensure cess funds are used for their intended development purposes.Read more

Hyderabad News Desk

06 Apr 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has cleared encroachments from an 8.24-acre lake in Manchirevula, Gandipet, as part of an ongoing enforcement drive across Hyderabad's urban region. The operation involved removal of illegal structures erected by private entities, including boundary walls and temporary constructions on the lake bed. Parallel actions were undertaken in Bowrampet, Avushapur, and Jubilee Hills, targeting encroachments on roads, park land, and stormwater drains. The agency's actions follow complaints and field inspections, with a focus on restoring water bodies and public land. The drive forms part of broader efforts to address urban encroachments affecting drainage systems, infrastructure, and land use compliance in the city.Read more

Pune News Desk

06 Apr 2026

The Pune Municipal Corporation (PMC) has reported a revenue shortfall of nearly INR 3,400 crore for the financial year ending recently, having collected around INR 9,200 crore against a target of INR 12,600 crore. The deficit has been largely attributed to lower-than-expected income from building permissions and weak property tax recovery, particularly in newly merged areas. While the number of taxpayers increased, collections did not keep pace, with a significant portion of revenue coming through an amnesty scheme. Civic officials cited legal complications in land measurement and delays in project approvals as key constraints, while activists raised concerns over the administration's reliance on periodic relief schemes instead of sustained enforcement.Read more

Bangalore News Desk

06 Apr 2026

The Bangalore Development Authority (BDA) has announced six new residential projects comprising 4,251 flats across multiple locations in Bengaluru, with a total investment of around INR 3,200 crore. The projects, currently under construction, span areas such as Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, and include 1BHK to 4BHK units. The initiative reflects a shift towards vertical housing in response to land constraints and rising population pressures. The authority has also introduced an online allotment system to improve transparency. Previous housing schemes have seen over 13,000 flats completed, with more than 10,000 already allotted, indicating continued public participation in state-led housing delivery.Read more

06 Apr 2026

The Finance Minister highlighted that under the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, the Committee of Creditors (CoC) in real estate insolvency cases can invite land authorities to provide inputs on land and regulatory matters. The law also sets stricter timelines for case admission and resolution plan approvals before tribunals. Of the 565 cases admitted so far, 111 affecting roughly 162,320 homebuyers have been resolved. Another 210 cases are under resolution, with 87 plans awaiting tribunal approval, while some cases are in liquidation or withdrawn.Read more

05 Apr 2026

The Association of Senior Living India (ASLI) has appointed Rajagopal G as its chairman for the 2026-2028 term, succeeding Rajit Mehta. A co-founder and group CEO of Lifebridge Group, Rajagopal brings over three decades of experience in senior living and geriatric care. His appointment comes at a time when India's senior housing and care segment is expanding in response to demographic shifts. ASLI, established in 2011, represents a broad ecosystem of developers, healthcare providers, and service operators, and plays a role in policy advocacy and standardisation. The leadership transition is expected to focus on strengthening regulatory frameworks, improving care standards, and supporting the growth of the senior living sector within India's evolving real estate and healthcare landscape.Read more