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Other Developments
A curated list of other prominent stories from this day.
11:09 PMEconomic Times Realty
Court denies bail to ex-director of Lodha Developers in ₹181 crore land scam
Summary
A Mumbai court denied bail to Rajendra Lodha, a former director of Lodha Developers, in a case alleging a ₹181 crore land fraud conspiracy. The court cited the seriousness of the alleged economic offence and his central role, with the investigation ongoing and an auditor's report still pending.
Why it matters
Land-title and governance risk can reprice projects overnight, affecting lender confidence, buyer trust, and transaction velocity in India's property market.
CREDAI Pune Launches Site Safety Audit Initiative to Strengthen Construction Site Safety
Summary
CREDAI Pune has launched a Site Safety Audit Initiative through its Labour Welfare Committee in partnership with Safeskill Safety Services. The program was inaugurated on 30 June 2026 at the Godrej River Royale project site in Mahalunge.
Why it matters
A credible audit layer can reduce accidents while also reshaping project risk and compliance costs for Pune developers.
India Developer Oberoi Seeks to More Than Double Sales Value
Summary
Oberoi Realty expects to more than double sales value to 135 billion rupees in the fiscal year ending March. The company is banking on sustained demand for premium and luxury homes in India.
Why it matters
Aggressive luxury-sales targets imply durable high-end housing demand and point to continued price strength in India’s premium residential segment.
India office leasing hits 24.6 million sq ft in Q2 2026: Report
Summary
India office leasing hit a record 24.6 million sq ft in Q2 2026, while new supply reached about 21 million sq ft. Global Capability Centers drove 42% of total take-up, according to CBRE.
Why it matters
Record absorption and GCC dominance reinforce the office-cycle upturn and can push rents higher across India’s top business districts.