UP-RERA levies ₹1.24 crore fine on several developers, including Ansal API, for non-compliance with orders and irregularities in project sales, prioritizing home buyer protection.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
Ansal Properties to invest twenty billion rupees in affordable housing this fiscal year, marking the final installment of a sixty billion rupees investment for developing nineteen integrated townships.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.
Ansal Properties has unveiled a massive 2500-acre township, The Megapolis, in Uttar Pradesh, targeting expansive growth and extensive facilities despite current market slowdowns.
The National Consumer Commission ruled that builders must compensate buyers for delays in flat delivery, emphasizing that benefits from rising property prices go to purchasers.
Deyaar Development has canceled its partnership with Ansal Properties to develop a project in India amid ongoing financial investigations into the company.
BPTP secures a 95-acre commercial plot in Noida for Rs 5006 crore, signaling robust real estate activity and positioning Noida as a competitive office space alternative.
NRIs from Gulf countries are heavily investing in Lucknow's residential properties, driven by emotional ties and retirement plans. The 2007 Indian Property Show in Dubai highlighted this trend, with Ansal Properties' Golf Villa attracting significant NRI interest.