The Latest
Transit Rent Default Can Cost Builders Their Personal Assets, Bombay HC Signals in Strong Order
The Bombay High Court has ruled that developers who default on paying transit rent to slum dwellers can now have dues recovered from their personal assets, thanks to the newly inserted Section 33B. Calling for strict implementation, the Court directed SRA to decide transit rent complaints within 15 days and ensure immediate disbursal with interest.
Manufacturing Boom Set to Reshape India’s Industrial Real Estate; Leasing Share to Hit 46% by 2027
India’s manufacturing sector is driving unprecedented growth in industrial real estate, with leasing expected to hit nearly 34 million sq. ft by 2027. A new JLL report shows a massive shift toward Grade A facilities and strong demand from advanced manufacturing sectors, reshaping the country’s industrial landscape.
Krisala–Hiranandani Township Creates National Record: 1,100 Homes Allotted in a Single Day, ₹1,000 Crore Booked
Krisala–Hiranandani Township in North Hinjawadi has created a national record with over 1,100 homes allotted in one day and ₹1,000 crore in sales, marking one of India’s most successful residential launches ever.
Omaxe Completes Key Projects in Chandigarh & Prayagraj, Fully Repays SWAMIH Funding
Omaxe Group has completed major construction milestones in New Chandigarh and Prayagraj while fully repaying the SWAMIH Fund from internal cash flows. The achievement underscores the developer’s financial discipline, strong sales performance, and commitment to timely project execution.