The Supreme Court has said an offer made by a real estate developer to a home buyer to take possession of a flat without completion and firefighting clearance certificates would not be considered as valid. In its recent judgment, apart from the refund of the entire amount deposited by the appellant at the rate of9 percent interest per annum from July 2020 till the date of refund, the court directed the Agra Development Authority [ADA] to pay an additional amount ofRs 1.5 million to the appellant and return the non-judicial stamp worth Rs 399,100 to the appellant, within three months. The bench said it refrained from imposing any exemplary costs on either party, recognising that both contributed to the situation at hand.Further concessions for housing registrations likely: Maharashtra Housing Minister In order to boost affordable and overall housing in the State, the Maharashtra Government may consider the real estate developers’ demand of granting further concessions in registration and stamp duty, informed Atul Save, Minister of Housing, Government of Maharashtra at the third edition of ‘The Real Estate Forum 2024’ in Mumbai. “Naredco Maharashtra, on behalf of its developer members, have requested for further concessions in stamp duty and registration of housing properties in order to boost housing sales. The Government will think about granting any such further concessions,” said Atul Save, Minister of Housing, Government of Maharashtra.Emphasising on the Central Government’s push to affordable housing and ‘Housing for All’, Save mentioned that the State Government had already given one percent reduction on registration to women who wanted to buy a residential property.BuzzWorks flexible workspaces by Brigade Group forays into HyderabadBrigade Group launched its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City. Spanning a floorplate of 25,000 sq ft, BuzzWorks at Auro Orbit features 416 desks, along with meeting rooms and collaborative spaces, designed to meet the evolving needs of contemporary enterprises. This expansion aligns with Brigade Group’s strategic vision to reach 1 million sq ft of flexible office space by FY26. “BuzzWorks aims to create 10,000 seats in its ready-to-move-in premium workspaces across Bengaluru, Hyderabad and Chennai,” said Nirupa Shankar, Joint MD, Brigade Enterprises. The group ventured into the flex office spaces with ‘BuzzWorks’ in 2019.  Contact: Brigade GroupWebsite: www.brigadegroup.comUltra-luxury homes hit Rs 24.43 billion sales in eight months across top cities The sale of ultra-luxury homes – units priced over Rs 0.4 billion each – remained unabated in 2024 despite spiralling prices. Latest ANAROCK data finds that a total of 25 ultra-luxury homes were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first eight months of 2024 for a collective sales value of aboutRs 24.43 billion. Out of 25 ultra-luxury homes sold in 2024 at least 20 were high-rise apartments worth about Rs 16.94 billion. The remaining five sales were of bungalows worth about Rs 7.48 billion. Amid the rise in demand for ultra-lux homes in two years, Mumbai tops the list of cities with maximum sales of such properties, despite it being the most expensive residential market in India.Birla subsidiary acquires Rs 5.37 billion worth land parcelBirla Estates, the real estate venture of the Aditya Birla Group made a notable acquisition of a land parcel in the Mumbai Metropolitan Region (MMR), valued at Rs 5.37 billion, according to Square Yards. The plot is in Kalwa, along the Thane-Belapur Road, an area experiencing rapid growth due to its proximity to key hubs and improving infrastructure. Kalwa has emerged as an attractive residential destination, benefitting from its connection to Thane and Navi Mumbai.Contact: Birla EstatesWebsite: www.birlaestates.com Over 80 percent occupiers to expand through flex spaces in next 3-5 yearsRe-imagination of the workplace, changing perceptions and enterprise-level offerings have driven heightened flex adoption in recent years. These sentiments are echoed in survey-based report Flex Spaces: Reshaping the New-Age India Office Market, which highlights that over 80 percent occupiers prefer to expand their office portfolio through flex spaces. Interestingly, large corporations have been increasingly embedding flex space. The growth in flex space endorsement is expected to be highest amongst MNCs with an anticipated 3-4X times rise from current levels by 2030.Signature Global awards Rs 11.44 billion contract for 'De-luxe DXP' Gurugram projectSignature Global, has conferred the construction contract of Rs 11.44 billion to Ahluwalia Contracts (India) for its first premium residential project, ‘De-luxe DXP,’ located in Sector 37D, Dwarka Expressway, Gurugram, is expected to redefine luxury living in the region. Ahluwalia Contracts aims to complete the De-luxe DXP project within 5 years. De-luxe DXP also features a Miyawaki forest to promote environmental sustainability. The project is IGBC Gold-rated, ensuring sustainable living.  Contact: Signature GlobalTel:  0124–4908200Website: www.signatureglobal.inAshiana Housing celebrates success in Phase 4 of its kid-centric project  Ashiana Housing announced the impressive success of Phase 4 of its kid-centric project, Ashiana Amarah. On Day 1, 168 out of 280 units in Phase 4 were booked, representing a remarkable sale value ofRs 4.03 billion. Phase 4 features premium 3 BHK units in the desirable Sector 93 of Gurugram, Haryana. This strong performance follows the overwhelming success of the previous phases, reflecting the continued demand for Ashiana Amarah’s innovative approach to kid centric living. Phase 4, with its spacious and thoughtfully designed 3 BHK units, appeals to families seeking a nurturing and secure environment for their children.Contact: Ashiana HousingWebsite: www.ashianahousing.com Mindspace REIT is the first REIT to get its Net Zero Plan assessed by GNFZMindspace Business Parks REIT, owner and developer of quality Grade A office portfolio located in four key office markets of India, announced its partnership with the Global Network for Zero (GNFZ), the world’s premier independent net zero certification body. This marks a major milestone in Mindspace REIT’s dedication to environmental sustainability, advancing its goal to certify the entire portfolio as net zero by 2042. The certification process will begin with the evaluation of one of the buildings at Mindspace Airoli West, situated near Thane and Navi Mumbai. Already a ‘Platinum’ certified building under LEED, it exemplifies high-performance building standards and efficient systems. Most of the buildings are Gold or Platinum Green Building Certified (IGBC/LEED).Contact: Mindspace Business Parks REITTel: 022 26564000Email: corpcomm@mindspaceindia.comWebsite: www.mindspaceindia.comRustomjee launches premium 'Verdant Vistas' in Thane, anticipates GDV of about Rs 17.5 bnRustomjee Group announced the launch of ‘Verdant Vistas’, a luxury residential project located in Thane, in partnership with Keppel. The group is expecting a positive response for this project similar to its premium projects at other upscale locations like Bandra, Prabhadevi and Juhu.  This launch marks Rustomjee’s introduction of its luxury portfolio in Thane, completing its portfolio range in the region. With offerings ranging from Urbania for affordable homes, La Vie and La Familia for aspirational buyers, the group is now setting a new benchmark in the region with Verdant Vistas.Contact: RustomjeeTel: 022-66766888/889Website: www.rustomjee-lavie.com