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Maharashtra Clears Mangrove Land Diversion for Poisar River STP Project in Mumbai
The Maharashtra government has cleared diversion of mangrove forest land in Borivali for a sewage treatment plant on the Poisar River, marking a key step in Mumbai’s river rejuvenation plans while imposing strict compliance safeguards.
India REIT Market Crosses ₹1 Trillion Milestone, Eyes a Multi-Year Growth Cycle
A new JLL report reveals that India’s REIT sector is poised for a massive ₹10.8 trillion growth opportunity across office and retail segments by 2029. With market capitalization crossing ₹1 trillion and REIT portfolios expanding to 174 million sq. ft., India is entering a high-growth REIT cycle supported by strong occupancies and institutional participation.
HC Imposes ₹1 Lakh Fine for Misleading Claim About Knowing Property Was Auctioned
The Bombay High Court has dismissed two writ petitions filed by Nashik-based borrowers after finding that they made “deliberately false statements” about their knowledge of a 2009 property auction. Calling it a misuse of judicial time, the court imposed ₹1 lakh costs and upheld the refusal to condone a 12-year delay.