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Other Developments
A curated list of other prominent stories from this day.
8:09 AMEconomic Times
Max Estates to form JV for Rs 3,000 cr housing project in Ghaziabad
Summary
Max Estates plans to develop a 9.76-acre housing project in Indirapuram, Ghaziabad, through a joint venture. The project could generate Rs 2,500 crore to Rs 3,000 crore in revenue and has an estimated 1.5 million sq. ft. of super built-up area, subject to approvals and due diligence.
Max Estates is expanding its housing pipeline in the Delhi-NCR region through a joint venture
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Why it matters
The deal could strengthen Max Estates' NCR growth strategy while adding significant new housing supply in Ghaziabad.
Accepting delayed flat possession does not bar homebuyer from claiming interest: Allahabad HC
Summary
The Allahabad High Court reaffirmed that a homebuyer who accepts delayed possession can still claim interest for the delay. It rejected Antriksh Developers and Promoters' argument that National Green Tribunal restrictions excused the construction delays and ordered the developer to pay compensation.
The ruling removes a common defense for developers: that taking possession amounts to accepting the
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Why it matters
The decision strengthens delayed-possession claims and raises the financial risk of prolonged project execution for developers.
Combined AUM of InvITs and REITs set to double to nearly Rs 20 trillion by 2030-31: ICRA
Summary
The combined assets under management of infrastructure investment trusts and real estate investment trusts are projected to double from Rs 10 trillion in 2025-26 to nearly Rs 20 trillion by 2030-31. Growth will come from infrastructure monetisation, renewable energy and fibre assets, commercial property, warehousing and data centres.
The forecast points to a rapid expansion of listed trust structures as an institutional channel
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Why it matters
A doubling of AUM would make InvITs and REITs a much larger force in how India funds infrastructure and commercial real estate.
Shriram Properties to surpass doubling profit by FY29, explores mall-led rental income in West Bengal
Summary
Shriram Properties plans to more than double net profit and sales bookings by FY29, supported by project completions and a construction pipeline of roughly 50 million sq ft. The company is targeting about Rs 3,000 crore in realizable income, after reporting consolidated net profit of Rs 100.81 crore.
The growth plan depends on converting a large project pipeline into completed, monetizable inventory, rather
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Why it matters
Shriram Properties is shifting from a project-led growth target toward a larger, potentially more diversified earnings model.