Real Estate

Andhra Pradesh’s Smart Township Scheme Sells Only 29% of Plots, Government Plans Overhaul

DOWNLOAD IPFS Andhra Pradesh’s flagship middle-income housing programme, the NTR Smart Township Scheme, has recorded limited success nearly three years after its launch, with only 29 percent of plots sold and 23 percent of projected revenue generated, according to official data. The scheme, aimed at providing affordable and planned housing[Read More…]

Pune Sees Surge in Green Building Tax Rebates, But Questions on Effectiveness Remain

DOWNLOAD IPFS Pune has witnessed a significant increase in the number of properties availing tax rebates under the green building initiative introduced by the Pune Municipal Corporation (PMC). The incentive scheme, designed to promote eco-friendly practices among property owners, has seen participation rise from approximately 86,000 properties in 2019–20 to[Read More…]

SEBI Proposes Broader Strategic Investor Base for REITs and InvITs

DOWNLOAD IPFS The Securities and Exchange Board of India (SEBI) has proposed expanding the definition of “strategic investors” in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), aiming to attract more institutional capital and enhance participation in these asset classes. The proposal has been released for public feedback,[Read More…]

Yogayatan Group Emerges as Top Bidder for Lavasa Corporation Amid Bankruptcy Proceedings

DOWNLOAD IPFS Mumbai-based Yogayatan Group has outbid competitors to become the highest bidder for the debt-laden Lavasa Corporation, which has been under bankruptcy proceedings since 2018. The group revised its offer to ₹795 crore on a net present value basis, overtaking rival Valor Estate’s bid of ₹771 crore. Lavasa Corporation,[Read More…]

ED Raids Ozone Urbana Developers in Bengaluru and Mumbai Over Money Laundering Allegations

DOWNLOAD IPFS The Enforcement Directorate (ED) has launched searches at the premises of Ozone Urbana developers in Bengaluru and Mumbai as part of an ongoing investigation into suspected money laundering activities. The raids were conducted under the provisions of the Prevention of Money Laundering Act (PMLA). According to sources, the[Read More…]

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