4 stories from 2 sources
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The Delhi Development Authority has approved a policy allowing redevelopment of older two-storey residential units, with plans to extend it across the city. It will also simplify building approvals by removing the need for no-objection certificates from multiple departments, while approving a land-use change for a metro depot in Narela Sub-City.
11:51 PMEconomic Times Realty
Gurugram authorities have revoked Ocean Seven Buildtech’s licence for a stalled housing project after prolonged delays and missed construction milestones. The government will take control of the property while buyers seek a replacement developer and investigations examine possible misuse of funds.
11:44 PMEconomic Times Realty
IndiQube Spaces reported record Q1FY27 revenue of Rs 428 crore, up 37% year on year. EBITDA increased 34%, while profit after tax rose 91% to Rs 35 crore as managed area, seat capacity, occupancy and value-added services expanded.
10:42 AMEconomic Times
NDR InvIT Trust has filed draft papers with Sebi for a Rs 750 crore IPO as it seeks to move from private to public ownership. It plans to use the proceeds to acquire warehousing assets and expand its logistics portfolio across major Indian markets.
6:16 AMEconomic Times
The Haryana RERA Gurugram bench has granted a four-month extension to eligible registered real estate projects, treating the West Asia situation as a force majeure event. The relief covers projects whose completion, revised completion, or extended completion date falls on or after February 28, 2026.
2:08 AMEconomic Times RealtySummary
The Delhi Development Authority has approved a policy allowing redevelopment of older two-storey residential units, with plans to extend it across the city. It will also simplify building approvals by removing the need for no-objection certificates from multiple departments, while approving a land-use change for a metro depot in Narela Sub-City.
The policy creates a formal redevelopment pathway for owners of ageing two-storey homes and reduces
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Delhi is lowering regulatory barriers that could bring older housing stock and underdeveloped areas into a new cycle of investment.
Summary
Gurugram authorities have revoked Ocean Seven Buildtech’s licence for a stalled housing project after prolonged delays and missed construction milestones. The government will take control of the property while buyers seek a replacement developer and investigations examine possible misuse of funds.
The licence cancellation shifts the project from developer control to government oversight, but it does
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The case shows how stalled projects can leave buyers dependent on regulatory intervention rather than a predictable insolvency or resolution process.
Summary
IndiQube Spaces reported record Q1FY27 revenue of Rs 428 crore, up 37% year on year. EBITDA increased 34%, while profit after tax rose 91% to Rs 35 crore as managed area, seat capacity, occupancy and value-added services expanded.
Profit growth is outpacing revenue growth, showing that IndiQube is converting scale and higher occupancy
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
IndiQube's results strengthen the case that India's flexible-office sector is moving from occupancy recovery to profitable expansion.
Summary
NDR InvIT Trust has filed draft papers with Sebi for a Rs 750 crore IPO as it seeks to move from private to public ownership. It plans to use the proceeds to acquire warehousing assets and expand its logistics portfolio across major Indian markets.
The proposed IPO would give NDR InvIT access to public capital for scaling its warehousing
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The filing signals that warehousing operators are increasingly turning to public markets to fund expansion as logistics real estate grows in importance.
Summary
The Haryana RERA Gurugram bench has granted a four-month extension to eligible registered real estate projects, treating the West Asia situation as a force majeure event. The relief covers projects whose completion, revised completion, or extended completion date falls on or after February 28, 2026.
The ruling gives qualifying developers more time without treating the delay as a regulatory default.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The decision shifts some disruption risk from developers to homebuyers by extending delivery timelines across eligible projects.
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