Real Estate News
Stay updated with the latest developments in the Indian real estate market.
Navi Mumbai civic body issues notices to over 2,500 property tax defaulters
Oct. 28, 2026, 3:43 a.m.
The Navi Mumbai Municipal Corporation is intensifying its clampdown on property tax defaulters, serving notices to over 2,500 property owners. Under the leadership of Municipal Commissioner Kailash Shinde, the civic body sent 2,008 pre-seizure notices with a seven-day deadline and 507 notices with a 48-hour ultimatum. Impressively, 182 property owners have already cleared their dues, totaling Rs 14.
Read MoreACC’s net profit plunges 92% to ₹93 crore in Q2 FY27
Oct. 28, 2026, 3:32 a.m.
ACC, part of the Adani Group, experienced a 91.7 percent drop in net consolidated profit in Q2 FY27. The company's total income also fell by seven percent compared to the previous year. A total of 3.4 million tonnes per annum of cement capacity was added during this quarter. The shareholders approved the amalgamation with Ambuja Cements, set to streamline operations.
Read MoreHomebuyer cannot wait indefinitely for possession of flat: Consumer court
Oct. 28, 2026, 3:17 a.m.
A consumer court in Mumbai has ordered Soundlines Eco Homes to refund Rs 45.45 lakh to the buyer. The court found the builder guilty of deficiency in service after failing to deliver the flat. The promised possession date was December 31, 2016, but it was repeatedly delayed. The buyer expressed distress due to the builder's demands and lack of transparency about the construction.
Read MorePune civic body's property tax registrations take a hit in FY27
Oct. 27, 2026, 8:43 a.m.
The Pune Municipal Corporation has seen a sharp decline in new property tax registrations this financial year, largely due to staffing shortages exacerbated by Special Intensive Revision duties. Current statistics reveal that the number of processed properties for 2026-27 falls well below standards. With over 7,000 complaints filed, the limited staff has managed to resolve many.
Read MorePlatinum Corp to invest ₹260 crore across four Mumbai residential projects
Oct. 27, 2026, 8:37 a.m.
Platinum Corp plans to invest ₹260 crore across four residential developments in Mumbai’s western suburbs, with a combined projected GDV of over ₹1,350 crore. Of the total investment, ₹160 crore will come from institutional funding and ₹100 crore through internal accruals.
Read MoreUttar Pradesh government plans auto mutation after property registration
Oct. 27, 2026, 4:15 a.m.
Various government departments are joining forces with the stamp and registration department to introduce automatic property mutation. Each department is identifying pilot projects: the revenue department is honing in on specific revenue villages while urban development focuses on local bodies. The industrial development department is also collaborating with relevant authorities.
Read More