Real Estate News
Stay updated with the latest developments in the Indian real estate market.
PAG to buy 51% stake in Evergrande Property Services for $514 million
Oct. 31, 2026, 3:50 a.m.
PAG is poised to acquire a controlling 51% stake in Evergrande Property Services Group for HK$4.03 billion, marking a notable transaction at a significantly discounted share price. After the trading resumption, PAG's subsidiary will be mandated to pursue the purchase of the remaining shares. This strategic move is intended to aid Evergrande's liquidators in recovering funds owed to its creditors amidst the company's ongoing financial turmoil.
Read MoreHimachal Pradesh gets record bid for Wildflower Hall hotel operations
Oct. 31, 2026, 3:46 a.m.
Himachal Pradesh has finalized an e-auction for the eminent Wildflower Hall Hotel, achieving a remarkable bid. The designated operator will provide 47.1 percent of the annual gross earnings, potentially yielding about Rs 2,000 crore over a span of 35 years. After a protracted legal battle lasting 25 years, Chief Minister Sukhvinder Singh Sukhu celebrated this achievement as a critical boost to the state's finances.
Read MoreCourt rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, others
Oct. 31, 2026, 3:37 a.m.
A Delhi court has refused to alter charges against key players in a bank fraud case, pointing to inadequate evidence from the Central Bureau of Investigation as a prime reason. Previously, the court had established certain charges against numerous accused yet discharged five others. Special Judge Sanjeev Kumar Malhotra remarked on the court's constrained ability to revisit its orders, reinforcing the sanctity of legal processes.
Read MoreDelhi government extends cut off date for registration of properties in unauthorised colonies
Oct. 31, 2026, 3:28 a.m.
The Delhi government has announced a new deadline for residents to secure ownership rights in unauthorized colonies, moving the date to January 31 from the original October 31. This decision comes in response to the unexpectedly low application rate. Concerns over taxes and responsibilities related to ownership are prevalent among residents. Under the PM-UDAY scheme, legal rights will be extended to individuals living in 1,511 unauthorized colonies.
Read MoreJK Lakshmi Cement to invest ₹11,000 crore in 2.5 MTPA Assam plant
Oct. 30, 2026, 3:33 p.m.
JK Lakshmi Cement has initiated the construction of an integrated cement plant in Umrangso, Assam, with a significant investment. This project, named Kamakshi, is expected to have a production capacity of 2.5 million tonnes per annum. The cement plant will feature a one million tonne clinkerisation unit and create over 2,000 jobs upon becoming operational. The company aims to complete the project by FY 2029, focusing on the Northeast market.
Read MoreThe Phoenix Mills’ net profit rises 11% to ₹424.05 crore in Q2 FY27
Oct. 30, 2026, 3:25 p.m.
For the quarter ended September 30, 2026, Phoenix Mills achieved a 10.8 percent boost in net profit after tax. The total income saw a 3.7 percent increase compared to the previous fiscal year, coupled with a remarkable 25 percent year-on-year growth in retail consumption across its operations. Improvements in operating free cash flow and liquidity further highlight Phoenix Mills' strong financial standing in Q2 FY27.
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