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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.
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projects
The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms. This follows a plea alleging diversion of thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. Advocate Prashant Bhushan highlighted a pattern of developers diverting funds and pushing projects into insolvency.
Japan’s Development Bank invests in Indian real estate through HDFC Capital fund
Japan's Development Bank of Japan Inc. has entered India's residential property market. It committed capital to HDFC Capital's affordable and mid-income housing platform. This marks a significant new entry of Japanese institutional capital. The investment supports sustainable development and addresses India's housing shortage. It also enhances geographic diversification for the bank's overseas real estate portfolio.
Puravankara acquires 15 acre land in Bengaluru for housing project; eyes Rs 2,300 crore revenue
Puravankara Ltd has acquired a significant 14.57-acre land parcel in Bengaluru. This acquisition is set to pave the way for a new housing project with an impressive revenue potential of around Rs 2,300 crore. The company's strategic move strengthens its presence in the Bengaluru real estate market. This development underscores Puravankara's commitment to expanding its project pipeline.
Kalpataru expects Rs 1,250 crore revenue from new cluster redevelopment project in Mumbai
Realty firm Kalpataru Ltd anticipates a revenue of Rs 1,250 crore from a significant cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai. This project involves five adjacent societies and spans 2.8 acres. The company views redevelopment as a way to revitalise communities. Kalpataru Ltd is a major real estate developer with numerous completed and ongoing projects across India.
Kolte-Patil Developers slips into Q4 loss as revenue drops 65%
The real estate developer sais profitability remained muted due to lower revenue recognition under project completion-based accounting norms. Shares of Kolte-Patil Developers Limited ended at ₹391.25 on the NSE, down ₹2.60 or 0.66% today, May 22.
Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment projects
Leading real estate firms are vying to redevelop three large housing colonies in Mumbai. These projects span prime areas like Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority is overseeing the process. This initiative aims to upgrade living standards for residents in older colonies. It promises modern housing and improved urban infrastructure for thousands.
Realty group Sattva deepens premium hotel push amid travel boom
Sattva’s expansion comes amid a broader shift among Indian real estate developers towards hospitality assets as room rates and occupancies remain high after the pandemic-led travel rebound.
Real Estate Industry Warns Of Project Delays Amid West Asia Conflict, Seeks Centre's Intervention, Support
Developers noted that the sharp rise in raw material costs over recent weeks has impacted procurement planning and construction budgets.
DLF to target pre-sale of Rs 20,000 crore in FY27, super-luxury project ‘The Dahlias’ to lead growth
DLF, India's largest real estate developer, targets Rs 20,000 crore in sales for FY27. The company plans significant project launches in Gurugram, Mumbai, and Goa. Its super-luxury project, The Dahlias, continues to be a key sales driver. DLF ended FY26 with zero gross debt in its development business and a substantial net cash surplus.
DLF keeps FY27 sales target flat at ₹20,000 crore, prioritises margins
DLF's conservative guidance reflects constraints in construction execution capacity across the real estate industry.
NCLT admits insolvency plea against Supreme Housing & Hospitality
The National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm faces dues exceeding Rs 567 crore. This follows multiple failed settlement attempts and prolonged litigation.