Properties

SC declines urgent hearing on plea against mandatory waqf listing on UMEED

The Supreme Court on Friday refused to urgently list for hearing an interim plea challenging mandatory registration of all waqfs, including waqf-by-users under the UMEED portal. The Centre had on June 6 launched the Unified Waqf Management, Empowerment, Efficiency and Development Act, 1995 (UMEED) Central Portal to create a digital inventory after geo-tagging all Waqf properties. As per the mandate of the UMEED portal, details of all registered Waqf properties across India are to be mandatorily uploaded within six months. On May 22, a bench headed by Chief Justice B Gavai had reserved interim orders on three key issues in the waqf case. One of the issues relate to the power to denotify properties declared as waqf by courts, waqf-by-user or waqf by deed prescribed in Waqf (Amendment) Act, 2025. On Friday, a lawyer told the bench that the Centre has the portal which calls for mandatory registration of all waqfs, including waqfs by users. The lawyer said that requirements are such

Zara founder's global deal spree shields his $104 billion from tax

The Inditex SA founder's family office, Pontegadea, snapped up a five-star Paris hotel, a Florida apartment block and a building on Barcelona's iconic Diagonal Avenue as part of transactions

Office demand in Navi Mumbai rises 40% in 2024, to grow further: CRE Matrix

Demand for premium office spaces in Navi Mumbai rose 40 per cent in 2024 to 5.8 million square feet, and the leasing activities are expected to increase further on affordable rent, according to CRE Matrix. Real estate data analytics firm CRE Matrix Co-founder and CEO Abhishek Kiran Gupta noted, "Navi Mumbai is one of the most affordable office markets across major 7-8 cities, with a weighted average rental of around Rs 65 per square feet." He said the demand has been rising in the key office micro-markets of the Mumbai Metropolitan Region (MMR). In the first six months of this calendar year, he said the gross leasing of office space in Navi Mumbai exceeded by nearly 0.8 million (8 lakh) square feet. "There is a huge demand for Grade A office space in Navi Mumbai from global and domestic corporates," he said. The demand will further rise because of the infrastructure development in this part of MMR, including the new airport, Gupta observed. Tata Realty & Infrastructure Ltd, K .

₹2.4 trn worth of housing plots launched in last 3.5 years: PropEquity

Housing plots worth Rs 2.44 lakh crore have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 4.7 lakh residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities. These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately Rs 2.44 lakh crore," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots i

Steady buyer sentiment drives Mumbai property registrations to H1 2025 high

Experts indicate buyers are moving towards high-ticket-size transactions, with the city recording its second-highest property registration figures in June 2025

Godrej Properties Q4 results: Net profit falls 19% amid surge in expenses

Despite 93 per cent full-year profit growth, Godrej Properties' Q4 profit fell 19 per cent YoY due to a sharp 54 per cent increase in expenses led by material consumption costs

Mumbai property registrations rise 12% in April to 13,080 units: Report

Registration of properties in the Mumbai municipal region rose 12 per cent to 13,080 units in April on better housing demand, according to Knight Frank India. There were 11,648 units registered during April 2024. In a statement on Wednesday, real estate consultant Knight Frank India said Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 13,080 property registrations during April. The data, which relates to both primary and secondary market transactions, is as of 8.50 pm on Wednesday. The number might increase slightly. In March 2025, the total registration of properties stood at 15,501 units. Knight Frank said this is the best April in the last 13 years in terms of property registrations.

Viceroy Properties to enter commercial realty with Rs 1,600 crore plan

India's commercial leasing market has seen a high growth phase post Covid, with both office space and retail witnessing robust demand in 2024, which is expected to rise further in 2025

Sebi to auction properties of HBN Dairies in Feb at Rs 83 cr reserve price

Capital markets regulator Sebi will auction 26 properties of HBN Diaries & Allied Ltd for a reserve price of Rs 83 crore in February. The move is part of the markets watchdog's effort to recover money raised by HBN Dairies & Allied through illicit collective investment schemes. The order came after the Supreme Court in its order on May 14, 2024 authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator. The Securities and Exchange Board of India (Sebi) initiated the process for the sale of the assets after HBN and its directors -- Harmender Singh Sran, Amandeep Singh Sran, Manjeet Kaur Sran and Jasbeer Kaur -- failed to refund investors' money. The properties to go under the hammer include plots, land parcels, and commercial shops, Sebi said in a notice on January 22. The properties are located in New Delhi, Gujarat, Maharashtra, Punjab, Madhya Pradesh and Chhattisgarh and will be auctioned at a reserve price of Rs ...

Registration of properties in Mumbai city rises 5% in Nov: Knight Frank

Registration of properties in Mumbai municipal region rose 5 per cent to over 10,200 units during November on better housing demand, according to Knight Frank India. As many as 9,736 units were registered during November 2023. In a statement on Saturday, real estate consultant Knight Frank India said that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 10,216 property registrations in November 2024. The data is as of 8 pm on Saturday. The number might increase slightly. Registration of properties declined in November compared to 12,960 units registered in October. Knight Frank India CMD Shishir Baijal said the sequential dip following the festive-driven surge in October reflects a natural phase of market consolidation. "Significantly, the increasing demand for premium properties and larger living spaces underscores a decisive shift towards quality, value, and long-term investment in Mumbai's ever-dynamic real estate landscape," he add

Conflict in Myanmar sparks surge in property purchases in Thailand

From January to September, over 1,000 units worth 5.46 billion baht ($158 million) were sold to Myanmar nationals, REIC data showed

DLF to invest Rs 8,000 crore to build super-luxury project in Gurugram

Realty major DLF will invest around Rs 8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes. Last month, DLF did a pre-launch of its 17-acre super-luxury housing project 'The Dahlias' at DLF 5, Gurugram, after obtaining all regulatory approvals and has received a good response from customers. The company will develop around 420 apartments in this project, which is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias'. According to sources, DLF will invest around Rs 8,000 crore over the next 4-5 years on the construction of this new project, comprising nearly 50 lakh square feet of area. In a conference call with analysts held recently, DLF's Managing Director Ashok Tyagi informed that the company is expecting Rs 26,000 crore in revenue from this new super-luxury project in Gurugram based on the current pre-launch price. "In RERA, what we have filed now is the revenue of Rs 26,0

SC rejects plea alleging contempt of demolition order by three states

The Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh. A bench headed by Justice B R Gavai and comprising Justices P K Mishra and K V Viswanathan said it was not inclined to entertain the plea filed by the petitioner who was not directly or indirectly related to the alleged act. "We don't want to open a pandora box," said the bench. The court said it will hear those affected by the demolition of properties. The petitioner alleged that authorities in Haridwar, Jaipur and Kanpur had demolished properties in contempt of the apex court's order which had said that demolitions would not be carried out without its permission. The top court had earlier reserved its verdict on a batch of petitions raising the plea that properties, including those belonging to persons accused of crimes, were being demolished in several states. The apex court had said in its Septembe

Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project

Realty firm Godrej Properties Ltd (GPL) has acquired around 3 acres of land in Vastrapur, Ahmedabad to develop a housing project having an estimated sales of Rs 1,300 crore. The company did not disclose the deal value and the name of the seller. "The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of about Rs 1,300 crore," Godrej Properties said in a regulatory filing. Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are happy to add our second project in Ahmedabad. This will further strengthen our presence in Ahmedabad and complement our strategy of deepening our presence in key micro-markets across India's leading cities." Earlier this month, Godrej Properties won bids to acquire 3 adjoining plots totalling 6.5 acres in Mumbai Metropolitan Region (MMR) to develop a housing project with a revenue potential of .

Demolition of properties: SC says it will lay down guidelines for citizens

The Supreme Court on Tuesday said it will lay down guidelines for all citizens and not for any particular community on the issue of demolition of properties. Observing that its directions will be applicable pan-India, the apex court said it will make it clear that merely because a person is an accused or even a convict, it can't be a ground for demolition of property. "Whatever we are laying down, we are a secular country. We are laying it down for all the citizens, for all the institutions not for any particular community," a bench of Justices B R Gavai and K V Viswanathan said. Observing that there can't be a different law for a particular religion, the bench said it will not protect any unauthorised constructions on public roads, government lands or forests. "We will take care to ensure that our order does not help the encroachers on any of the public places," the bench said. The hearing in the matter is underway. The top court is hearing arguments on a batch of pleas which ha

Why are Indians rushing to buy property in Greece?

Lately, there’s been a surge in Indian investors purchasing properties in Greece. Why is that so? Watch the video to find out.

ED attaches immovable properties worth Rs. 298.21 crore of Chettinad Group

ED initiated an investigation based on an FIR registered by the Directorate of Vigilance and Anti-Corruption (DVAC), Chennai

Amber Dalal case: ED raids Mumbai properties, seizes Rs 37-cr worth deposit

Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the ED as part of a money laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of Rs 600 crore through a Ponzi scheme. The federal agency said on Sunday that the action was undertaken after carrying out raids in the metropolitan city on June 21 against Amber Dalal and his company Ritz Consultancy Services. The Enforcement Directorate case of money laundering stems from a Mumbai Police FIR that charged the Chartered Accountant and his company with taking money from investors through a "suspected Ponzi scheme that promised high returns." Dalal "absconded" with this money after giving initial returns. It has been gathered that Dalal raised more than Rs 600 crore from 1,300 investors, the ED said in a statement. He was arrested by the EOW, Mumbai Police and is presently under judicial custody, it said. Dalal raised money from invest

Mumbai property registrations rise 11% to 11,628 units in April: Report

Registration of properties in the Mumbai municipal area rose 11 per cent in April to 11,628 units mainly on strong housing demand, according to Knight Frank. In April 2023, the registration of properties in Mumbai stood at 10,514 units. In March 2024, the registration of properties stood at 14,145 units. According to Knight Frank, the registration of properties stood at 11,628 units last month. "The enduring confidence of homebuyers in the Mumbai market has maintained a positive outlook. This optimism has driven Mumbai's property registrations consistently exceeding the 10,000 mark for the fourth consecutive month in 2024," Knight Frank said. Of the overall registered properties, residential units constitute 80 per cent. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, "The buoyant market conditions have significantly boosted the state treasury, marking its highest-ever revenue collection for April. Property registrations in April have surged, highlighting

ED attaches businessman Raj Kundra's properties worth Rs 97.79 crore

Attached properties include a flat located in Juhu, registered under the name of Kundra's spouse and actress, Shilpa Shetty