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ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud case
Real estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fraud. The investigation involves accounts maintained with IDFC First Bank. Funds were allegedly siphoned from government and school accounts. Wadhwa is considered a key accused in the conspiracy. The ED is tracing the flow of these funds.
AI could create more opportunities for Indian IT firms, not fewer: BofA’s Kunal Tayal
Kunal Tayal, Senior Analyst-IT, Real Estate at BofA Global Research believes AI adoption is moving beyond coding into business processes, opening fresh demand for IT services, engineering and analytics firms.
Puravankara Bengaluru housing project: Realty firm signs joint development agreement for Rs 1,100 Crore at Doddagubbi
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
Two real estate stocks trade mixed after acquiring land in Mumbai, Greater Noida
Godrej Properties won the auction for a residential land parcel in Greater Noida, while Suraj Estate Developers's wholly-owned subsidiary acquired development rights of a prime land parcel in Mahim West, Mumbai.
Mumbai Real Estate Market Sees Record-Breaking May; Registrations Surge To 14-Year High
The registrations generated more than Rs 1,051 crore in stamp duty collections for the state government.
9 Midcap stocks with massive upside potential of up to 45%! Do you own any?
Nifty Mid-Cap 100 stocks are showing strong upside potential, with analyst consensus estimates suggesting 25% to 45% gains over the next 12 months. Based on Trendlyne data, several mid-cap companies across sectors such as e-commerce, real estate, FMCG and infrastructure are attracting Buy and Strong Buy ratings, indicating broad-based market optimism.
India Inc deepens AI adoption to stay ahead of legal curve
Major Indian corporations are swiftly integrating artificial intelligence into their legal departments. This approach is enhancing the efficiency of contract assessments, monitoring compliance and automating routine legal tasks. Firms such as the Aditya Birla Group and Adani Group are harnessing AI technologies to reduce legal expenditures and optimise operations.
Listed real estate developers move beyond home cities to tap growth
Major real estate firms are shifting focus from their home cities. Companies like Godrej Properties and Prestige are expanding into other metros. This strategy aims to capture demand across multiple high-growth areas. It also reduces dependence on single-city market cycles. This multi-city expansion is a key growth driver for listed developers.
Godrej, JSW, Lodha, Sattva family offices invest in SILA
Prominent family offices including Godrej, JSW, Lodha, and Sattva have invested in SILA. This follows a recent $100 million investment by Permira. SILA is an integrated business services and real estate platform. The company operates across over 125 Indian cities. It manages substantial real estate assets and employs thousands.
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
Supreme Court seeks govt, RBI response to plea for audit of banks' realty exposure
The Supreme Court has asked the government and the Reserve Bank of India for their response to a petition that wants banks' dealings with real estate projects to be reviewed. The court also wants an investigation into developers accused of misusing homebuyers' money. Several authorities and builders have been issued notices.
Top-8 cities see 3-24 pc rise in avg housing prices in Jan-Mar; Bengaluru highest: Report
Property prices in India's top eight cities saw a broad-based increase in the first quarter of 2026. Bengaluru recorded the highest appreciation, with prices rising 24 percent. Mumbai Metropolitan Region and Delhi-NCR also experienced significant growth. This sustained upcycle highlights strong underlying demand and a disciplined real estate market.