13 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has issued e-tenders for the lease of nine commercial and residential plots in the ‘G’ Block of Bandra-Kurla Complex, Mumbai, for a lease period of 80 years. The plots comprise five commercial parcels and four residential parcels with a combined built-up area exceeding 2.12 lakh sq m. According to the tender notice issued on 11 May 2026, the reserve prices for the plots range from approximately INR 374.95 crore to INR 1,432.55 crore. The commercial plots carry a reserve rate of INR 4,82,992 per sq m of built-up area, while residential plots are priced at INR 3,52,008 per sq m. The bidding process will remain open until 25 June 2026, with pre-bid meetings and site visits scheduled later this month.Read more

13 May 2026

• Cyberabad EOW registered a case against directors and partners of two firms over an alleged villa project fraud in Pocharam near Hyderabad.
• More than 40 investors reportedly lost around INR 39.57 crore in the proposed “Rocketry” villa project spread across 13 acres and 22 guntas.
• Buyers alleged that the developers collected large upfront payments by assuring them that HMDA and RERA approvals would be secured soon.
• Police found allegations that the same villa units were allotted to multiple buyers through separate agreements.
• Officials are now examining financial transactions, project documents and property agreements linked to the case.Read more

13 May 2026

• A Gurugram-based real estate firm owner has been arrested by Gurugram Police in connection with an alleged land fraud involving more than INR 15 crore.
• The accused, identified as Mahesh Mugam, was taken into custody by the Economic Offences Wing following a complaint linked to a proposed land transaction in Palwal district.
• Police stated that the complainant was allegedly shown documents related to the sale of nearly 11.33 acres of land in Ghughera village and subsequently paid around INR 17 crore towards the transaction and associated expenses.
• Investigators alleged that the accused failed to complete the land registration process and later became unreachable, highlighting continued concerns around fraudulent land transactions and due diligence risks in the NCR property market.Read more

13 May 2026

Gurugram’s real estate market has continued to witness strong development momentum, with the Real Estate Regulatory Authority (RERA) approving 35 projects during the first four months of 2026. The approved developments represent an estimated investment of nearly INR 27,000 crore and include a dominant share of residential projects. More than 11,500 residential and commercial units are expected to be developed across these schemes, underlining sustained developer confidence and rising housing demand in the NCR market. The approvals further reinforce Gurugram’s position as one of India’s most active real estate destinations, supported by infrastructure expansion, corporate demand and continued investor interest in both housing and mixed-use developments.Read more

13 May 2026

The Securities and Exchange Board of India (SEBI) approved a series of regulatory amendments earlier this month aimed at easing compliance requirements for Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and foreign portfolio investors (FPIs). The decisions were cleared during SEBI’s 213th board meeting held in Mumbai. The regulator introduced operational flexibility for AIFs winding up schemes, allowed FPIs to undertake net settlement of cash market transactions, and expanded investment options for REITs and InvITs. The board also approved revised ‘fit and proper person’ norms for intermediaries and adopted conflict-of-interest measures applicable to SEBI officials and board members. Several proposals were framed as ease-of-doing-business measures intended to reduce operational burdens while maintaining regulatory oversight and investor safeguards across India’s capital markets ecosystem.Read more

13 May 2026

Rajdarbar Developments Private Limited has lodged a complaint with Jaipur police alleging illegal excavation and violation of a court stay order on disputed land in Chimanpura village under Bhankrota police station limits. The company claimed that unidentified persons entered the land with heavy machinery and carried out excavation despite restrictions imposed by the SDO (South) court. Police officials confirmed that the complaint has been received and an investigation is underway. The dispute is part of a series of ongoing land-related complaints involving the developer and properties in Jaipur’s rapidly expanding outskirts.Read more

13 May 2026

The delay in discussions around the proposed Karnataka Apartment (Ownership and Management) Bill has increased concerns among apartment owners and resident welfare groups across Bengaluru and other parts of the state. Homebuyers say the absence of an updated legal framework is creating confusion over ownership rights, maintenance management, common area transfers, and dispute resolution. Resident associations have urged the Karnataka government to move ahead with stakeholder consultations and introduce the Bill soon, stating that the existing apartment law is outdated and no longer suitable for the growing number of apartment residents in the state.Read more

12 May 2026

The Bhubaneswar Development Authority has introduced a draft Standard Operating Procedure for land parcel reconstitution under Town Planning Schemes 42 to 45 in Zone IV, covering areas such as Bijipur, Kasipur, Bhagabanpur, Baliapada, and Patrapada. The SOP aims to create a structured and transparent process for handling land reconstitution, ensuring fair distribution of developed plots among landowners. It includes provisions for voluntary and mandatory amalgamation of land parcels, along with a standard 40% deduction and 60% return of land. The framework is expected to reduce disputes and improve planning efficiency.Read more

12 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a consortium for the redevelopment of the 33-acre Abhyudaya Nagar layout in Kalachowki, South Mumbai. The large cluster redevelopment project covers 48 old buildings and more than 3,400 residential and commercial units. Existing residents living in nearly 210 sq ft homes are expected to receive 641 sq ft carpet area rehabilitation flats free of cost. The project is part of MHADA’s larger redevelopment push across Mumbai to replace ageing housing stock and improve infrastructure in older residential colonies.Read more

12 May 2026

• MMRDA’s feasibility study for the Versova–Dahisar Link Road outlines alignment, engineering and transport planning for the northern extension of the Mumbai Coastal Road project.
• The study evaluates routes aimed at reducing land acquisition and minimising impact on mangrove and Coastal Regulation Zone areas across Mumbai’s western suburbs.
• The report includes passenger and freight movement projections up to 2041 to support long-term regional transport planning and connectivity improvements.Read more