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Kolte-Patil Developers Reports ₹11 Crore Q2 FY26 Loss

NEW DELHI: Kolte-Patil Developers Ltd has reported a consolidated net loss of ₹11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. In the same period last year, the company posted a net profit of ₹10.34 crore. Total income decreased by 50% to ₹161.75 crore in Q2 of this fiscal year, compared to ₹320.96 crore during the same quarter last year, as stated in a regulatory filing. The board has approved the appointment of Avani Vishal Davda as an additional director (Non-Executive and Independent), effective immediately, pending shareholder approval. The resignations of Sudha Pravin Navandar as…

Ahmedabad to Auction Seven Plots Valued at ₹447 Crore

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) is set to auction seven prime plots located in Bodakdev, Ambli, Chandkheda, Gota, and Sola, with a cumulative base price of Rs 447 crore. This proposal will be presented to the AMC standing committee on Thursday for approval. Among these, three plots are designated for residential development, while four will be utilized for commercial purposes. The highlight is a residential plot in Bodakdev, categorised under TP 50 with a steep price of Rs 3.10 lakh per sq m— the highest of the lot. This particular plot measures 1,821 sq m after a recent survey,…

Haryana’s Affordable Housing Scheme Stalled by Rising Costs

GURUGRAM: There is an increasing demand to reassess Haryana’s affordable housing policy, as stakeholders report that the initiative has nearly come to a standstill in Gurugram and Faridabad due to escalating land and construction costs, according to an official. Officials from the Town and Country Planning (TCP) Department noted that no new licenses for affordable housing projects have been issued in Gurugram in the last one-and-a-half to two years. Furthermore, the Gurugram-Manesar Master Plan area has not witnessed any new affordable housing developments during this time, casting doubt on the policy’s effectiveness. Currently, the government has set the maximum sale…