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Other Developments
A curated list of other prominent stories from this day.
11:50 PMEconomic Times Realty
SBI acquires commercial property in Pune’s Kharadi for ₹414 crore
Summary
State Bank of India has completed a ₹414 crore acquisition of a commercial property in Pune’s Kharadi business district. The transaction includes leasehold rights to the land and the commercial structure on it.
SBI is committing substantial capital to control a commercial asset in one of Pune’s major
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Why it matters
The purchase signals continued institutional demand for high-quality commercial property in Pune and gives SBI greater control over a strategically located asset.
ED files status report in sealed cover on investigation into the role of DLF
Summary
The Enforcement Directorate has sought more time to investigate the Shikohpur land deal and told the court it had provided the accused with relevant documents and a translation certificate. Robert Vadra appeared by video link, while the court questioned an unanswered issue in the sealed status report and scheduled the next hearing for September 23.
The investigation will continue without a court resolution on DLF's alleged role, extending uncertainty around
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Why it matters
The extended probe keeps potential legal and reputational risks open for DLF and other parties linked to the Shikohpur deal.
All-India housing prices rises 6% YoY in 1QFY27 led by key markets: Kotak
Summary
All-India housing prices rose 6% year over year in the first quarter of fiscal 2027, led by New Delhi, Noida, Chennai, Greater Noida, and Bengaluru. Residential sales increased 3%, while new project launches declined and unsold inventories grew in Bengaluru, Hyderabad, and the NCR.
Prices are rising faster than sales, pointing to a market supported by limited new supply
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Why it matters
The gap between price growth and sales growth raises affordability concerns and increases execution risk for developers carrying unsold stock.