Real Estate News
Stay updated with the latest developments in the Indian real estate market.
Birla Corporation's profit falls 58.6% to ₹37 crore in Q2 FY27
Nov. 1, 2026, 7:35 a.m.
Birla Corporation Ltd faced a significant 58.58 percent decline in consolidated profits for the September quarter of FY27. However, revenue from operations saw a rise of 9.46 percent, totaling Rs 2,415.42 crore year-on-year. Factors such as depressed cement prices and heavy rains hampered construction in key markets, while soaring input costs for clinker and fuel dented profitability.
Read MoreProperty registrations in Mumbai rise 9% to 12,690 units in October 2026: Knight Frank
Nov. 1, 2026, 7:28 a.m.
In October 2026, Mumbai saw a surge in property registrations, hitting 12,690 units, which reflects a nine percent increase from the previous year. Alongside this, stamp duty collections rose to ₹1,173 crore, compared to ₹1,040 crore last October. From January to October 2026, total registrations reached 1,32,040, a seven percent rise from 2025.
Read MoreNCLT voids ₹525-crore guarantee, Mumbai land transfer in JLS Realty dispute
Nov. 1, 2026, 7:22 a.m.
The National Company Law Tribunal declared the transactions of JLS Realty Pvt Ltd invalid, impacting its redevelopment land. It determined that the transfer to Spenta Suncity offered no real commercial advantage for JLS Realty. Additionally, the tribunal invalidated unlawful director appointments and share transfers lacking proper documentation. The ruling mandates the restoration of the company’s assets and rightful shareholding structures.
Read MoreMarathon Nextgen Realty to acquire Adani Group's 60% stake in Monte South for up to ₹335 crore
Nov. 1, 2026, 7:17 a.m.
Marathon Nextgen Realty will acquire an additional 60% stake in Swayam Realtors and Traders LLP, which is developing the Monte South project in Byculla, Mumbai. The transaction involves up to ₹135 crore in cash and a ₹200 crore bank guarantee, taking the aggregate consideration to up to ₹335 crore.
Read MoreOver 270 Agartala slum residents get flats under affordable housing scheme
Oct. 31, 2026, 9:30 a.m.
The Agartala Light House Project has delivered flat allotments to 278 lower-income families after an eight-year wait. This transformative initiative focuses on providing affordable housing in accordance with the GHTC-India scheme. The project features approximately 1,000 modern flats, constructed using innovative technologies for improved durability and efficiency, while also incorporating essential amenities like healthcare and community centers.
Read MoreOdisha REAT upholds ₹90 lakh penalty on Puri developer, sets aside demolition
Oct. 31, 2026, 8:20 a.m.
Odisha Real Estate Appellate Tribunal confirmed a Rs 90 lakh penalty for a developer violating construction plans. The developer built a G+10 structure instead of the approved G+7 residential project at Sipasarubali. The tribunal noted that mandatory approvals were not obtained for the revised plan submitted. However, it ruled that the demolition order issued by Orera exceeded jurisdiction.
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