Thursday, October 23, 2025

Nexus Select Trust REIT plans to significantly expand its retail portfolio to 18-20 million sq ft across 30-35 malls by FY30. The REIT will fund its â¹5,000-6,000 crore capital needs through debt and equity, leveraging strong portfolio metrics like 98% occupancy and consistent rental growth. Â read more...

Mindspace REIT to add 7-8 million sq ft over next four years

Mindspace REIT reports robust 94% occupancy and a 20% re-leasing spread, driven by strong demand from Global Capability Centers and domestic firms. The company is expanding its portfolio organically and through acquisitions, with plans for 7-8 million sq ft under construction. Rental markets are sh... Â read more...

Bombay HC halts flat 'split', supports society's plea

The Bombay High Court has halted the illegal division of a housing unit into two flats, upholding a society's plea. The court found no approval for structural changes, deeming the issuance of separate share certificates invalid. This interim order protects other members' rights until a final decisi... Â read more...

Courts can't force banks to alter loan terms or grant OTS benefits: Bombay HC

The Bombay High Court ruled that banks cannot be compelled to offer One-Time Settlement (OTS) benefits or alter loan agreement terms. The court emphasized that such decisions are part of a bank's "commercial wisdom," and borrowers and guarantors are bound by their contractual obligations to repay ou... Â read more...

DRA Homes acquires 4.38 acres land in Chennai for â¹50 crore

DRA Homes has purchased 4.38 acres of land in Chembarambakkam for â¹50 crore. The company plans a one million sq ft residential project. It has an estimated sales potential of â¹650 crore. Â read more...

Odisha RERA to appoint land expert to streamline dispute resolution

Odisha Real Estate Regulatory Authority is appointing a land expert to help resolve complex property disputes. This move follows the introduction of a new standard operating procedure (SOP) for registering part plots across the state. The new guidelines aim to simplify registrations for family settl... Â read more...

Thiruvananthapuram: Technopark to get new IT spaces, boost for tech sector

Thiruvananthapuram's IT sector is set for significant growth with new developments across Technopark Phases I, III, and IV, expected to create at least 50,000 jobs. Several new IT buildings and projects, including the World Trade Centre and TCS's new campus, are underway, bolstering the city's IT ec... Â read more...

All residential complexes in Goa with over 24 units need own STPs

Goa's pollution control board now mandates sewage treatment plants for residential complexes with 24 or more flats, a reduction from the existing 50-flat rule. This decision follows a scientific study on waste generation and aims to address issues of non-operational STPs. Builders will be responsibl... Â read more...

NCLT orders insolvency proceedings against Bhilai Jaypee Cement

In a significant legal move, the National Company Law Tribunal has launched insolvency proceedings against Bhilai Jaypee Cement, following an outstanding debt of Rs 45 crore to operational creditor Sidhgiri Holdings. The tribunal's admission of the plea signals growing concerns over the company's in... Â read more...

TTDC takes possession of its land housing private hotel in Trichy

Tamil Nadu Tourism Development Corporation (TTDC) has taken possession of a private star hotel in Trichy for non-payment of lease dues. The hotel, leased on TTDC land since 1994, owed â¹38 crore upon lease expiry. Despite legal challenges, the hotel failed to pay the directed â¹20 crore, leading t... Â read more...

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