Real Estate News

Stay updated with the latest real estate news, market movements, policy updates, and price trends across India. Houssed keeps you informed with accurate and timely property market coverage.

Rohan Developer's director arrested in Rs 280 crore bank loan fraud case
June 17, 2023

Rohan Developer's director arrested in Rs 280 crore bank loan fraud case

CBI arrested Hareesh Mehta of Rohan Developers, once considered South Mumbai's leading builder, in an over two-decade-old Rs280 crore bank loan fraud case on May 20. On May 24, the court ref...

Panchkula civic body to Rein in property tax defaulters
June 17, 2023

Panchkula civic body to Rein in property tax defaulters

A total of 119 commercial private properties like Hotel Golden Tulip, Ramgarh Fort, Holiday Inn, Vintegrate Technology Private Limited Sector 22, and St Teresa Public School Sector 25 owe Rs 38.66 ...

YEIDA questions Jaiprakash Associates plan to clear land dues in HC
June 17, 2023

YEIDA questions Jaiprakash Associates plan to clear land dues in HC

The Yamuna Expressway Industrial Development Authority (YEIDA) has questioned in the Allahabad high court a plan by Jaiprakash Associates L...

Kalpataru to Invest Rs 700 Crore in the Redevelopment Project in Borivali, Mumbai
June 16, 2023

Kalpataru to Invest Rs 700 Crore in the Redevelopment Project in Borivali, Mumbai

With the right to redevelop a housing society spread over 6 acres of land, Kalpataru is up to invest 700 crores, and the project will be complete in 3-4 years. Kalpataru (a ...

NCLT Gave Green Signal to Ace Infracity Remarkable Plan For 3C Homes
June 16, 2023

NCLT Gave Green Signal to Ace Infracity Remarkable Plan For 3C Homes

NCLT approves Ace Infracity's masterstroke plan for 3C, which was denied before due to objections by some allottees. The NCLT has approved the Ace Infracity resolut...

Peninsula Land posts net profit of Rs 55.73 crore in Q4 FY23
June 16, 2023

Peninsula Land posts net profit of Rs 55.73 crore in Q4 FY23

Peninsula Land has reported a net consolidated profit after tax of Rs 55.73 crore during the quarter ended March 31, 2023. It had recorded a net consolidated loss after tax of Rs 53.13 crore in the...

Punjab & Haryana HC stays allotment of plots in Aravali green belt
June 16, 2023

Punjab & Haryana HC stays allotment of plots in Aravali green belt

The Punjab and Haryana high court has stayed the allotments of four commercial sites and seven residential plots that are part of a protected Aravali Green belt between DLF-1 and Sector 42. ...

ED raids IREO, M3M, seize luxury cars worth Rs 60 crore
June 16, 2023

ED raids IREO, M3M, seize luxury cars worth Rs 60 crore

The ED on Monday said it has seized luxury cars worth Rs 60 crore, including those of Ferrari, Lamborghini, and Bentley, and jewelry valued at Rs 5.75 crore during raids on real estate companies IR...

TARC prepays Rs 87.95 crore towards Nonconvertible debentures
June 15, 2023

TARC prepays Rs 87.95 crore towards Nonconvertible debentures

TARC has pre-paid its non-convertible debenture (NCD) commitments. The company made a payment of Rs 87.95 crore on June 1, 2023, out of which Rs 56.90 crore has been towards partial redemption of u...