Policy & Regulation Intelligence Edition 10 Jurisdictional Collision: Who Controls Power During Project Instability? By   Arindam Bose BeEstates | Decoding law, markets, and power in Indian real estate ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ The first generation of RERA litigation was simple. Delay. Possession. Refund. The second generation is not about delay. It is about institutional collision . When projects destabilize, four power centres compete: Media Secured creditors Adjudicatory tribunals Collective buyer federations This edition examines how four High Courts calibrated those collisions — not by expanding RERA, but by defining its limits. I. Media Power vs. Developer Reputation Experion Developers Pvt. Ltd. vs. UP Television Network Pvt. Ltd. Court: Delhi High Court Judge: Justice V. Kameswar Rao Citation: AIR 2020 (NOC) 833 (DEL.) Background A television network broadcast allegations that Experion was a “thug builder,” claimi...

  The Great Enclosure How India Turned Land into a Tax Shield By  Arindam Bose BeEstates | Decoding law, markets, and power in Indian real estate ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ The Prologue: The Receipt of the Prophecy On January 16, 2026, the prophecy stopped being theory and arrived as a WhatsApp screenshot. PropShare Platina, an SM‑REIT that was supposed to be “boring yield,” quietly wired a per‑unit distribution of ₹23,814.96 for the quarter ended December 31, 2025. That line item wasn’t just a payout; it was a balance sheet diagram written in rupees. The anatomy of that ₹23,814.96 matters. Only ₹5,262.88 per unit was classified as interest income. The remaining ₹18,552.08 per unit was labelled as repayment of debt—a return of capital rather than income. In other words, barely over one‑fifth of your “distribution” was taxable cash flow; nearly four‑fifths was your own principal walking back to you, tax‑efficiently, through the trust structure...

  Sector 138, Noida The Sector That Learned to Live in the Shadow of Connectivity By  Arindam Bose ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ Sector 138, Noida is not ambitious. It is not experimental. It is not fragile either. Sector 138 is adaptive . It is the sector that did not try to out-run connectivity, nor romanticise it. Instead, it quietly learned how to live beside it —absorbing pressure without turning into spectacle. If Sector 137 monetised connectivity, and Sector 136 suffered from it arriving too early, Sector 138 represents a third condition: Connectivity as background condition, not headline advantage. That difference explains almost everything about how this sector behaves. Where Sector 138 Sits — And Why It Never Needed to Shout Sector 138 lies along the Noida–Greater Noida Expressway , within Gautam Buddha Nagar district , at an elevation of 208 metres. Total Estimated Area: 308,486.25 square meters It is flanked by: Sector 137 to the s...

  India Real Estate & REITs –  Weekly Snapshot:  27 February 2026 By   Arindam Bose ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ Indian real estate equities cooled in the week of 27 February 2026, with the Nifty Realty tape skewed mildly risk‑off rather than outright panic. Signature Global and a few mid/small caps found bids, but the broader complex saw orderly de‑rating as investors respected stretched multiples and rising macro noise around rates and global risk appetite. REITs , which had been quiet anchors in recent weeks, also softened—reminding investors that even “bond proxies” are not fully immune when duration worries resurface. ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ Large-Cap Realty: Weekly Snapshot Company Last Week Close (₹) This Week Close (₹) Weekly Change 52W High (₹) 52W Low (₹) Market Cap (₹) P/E (approx) DLF 629.30 603.85 ▼ −4.0% approx 886.80 586.65 1.61 T 34.1x Lodha Developers 1,071.15 988.25 ▼ −7.7% app...