Square Feat India

Realty

Mumbai Developers Face 3 Months Imprisonment in Landmark RERA Case

The Maharashtra Real Estate Appellate Tribunal has ordered the arrest and three-month imprisonment of Neptune Developers’ judgment debtors for failing to comply with attachment warrants and notices under RERA provisions. This landmark ruling highlights stricter enforcement to protect homebuyers and ensure developer accountability.

January 7, 2025

Realty

Varun Dhawan Splurges ₹87 Crore on Two Lavish Apartments in Mumbai

Bollywood actor Varun Dhawan, along with his wife Natasha Dalal and mother Karuna Dhawan, has invested ₹87 crore in two luxury apartments in Andheri, Mumbai. The properties include eight car parking spaces, premium amenities, and a combined stamp duty payment of ₹5.21 crore.

January 7, 2025

Nirmala Sitharaman to present the union budget

Realty

Real Estate Sector Pins Hopes on Union Budget 2025-26 for Revival Measures

The real estate sector is looking to Union Budget 2025-26 for much-needed support amidst declining activity. Affordable housing remains a key focus, with industry experts urging measures such as the reinstatement of the Credit-Linked Subsidy Scheme, revised price caps, and tax incentives. Infrastructure development is also expected to drive long-term growth.

January 7, 2025

Realty

Lodha Group Reports Pre-Sales of ₹45.1 Billion in Q3FY25

Lodha Group reported record-breaking pre-sales of ₹45.1 billion in Q3FY25, reflecting a 32% YoY growth. Collections surged by 66% to ₹42.9 billion. The company added eight new projects in FY25 and expanded into Bengaluru and NCR’s digital infrastructure sector. Net debt reduced by ₹6.1 billion, underscoring Lodha’s strategic growth and financial discipline.

January 7, 2025

Industrial and Warehousing real estate industry

Realty

Industrial & Warehousing Dominate Realty Investments with USD 2.5 Billion in 2024

Indian real estate witnessed a record USD 6.5 billion in institutional investments in 2024, marking the highest inflows in five years. The industrial & warehousing segment led the way with USD 2.5 billion, followed by robust growth in office and residential assets. Mumbai emerged as the top investment destination, attracting 24% of total inflows.