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Lodha Developers’ Q3 pre-sales rise 7% to ₹4,570 crore

Realty developer Lodha Developers has reported a year-on-year increase of 7% in pre-sales, totaling Rs 4,570 crore for the quarter ending in September. The company’s collections also saw a 13% growth year-on-year, reaching Rs 3,480 crore. For the first half of the financial year, Lodha’s pre-sales amounted to Rs 9,020 crore, indicating an 8% rise compared to last year. Meanwhile, collections for this period increased by 10%, totaling Rs 6,360 crore, as stated in a regulatory filing. During this quarter, the developer launched a new project in the Mumbai Metropolitan Region with a gross development value (GDV) of Rs 2,300…

Ulhasnagar Civic Body Urges Citizens to Check Building Legality

ULHASNAGAR: To combat illegal constructions and safeguard homebuyers from fraud, the Ulhasnagar Municipal Corporation (UMC) is urging citizens to verify the legality of buildings before purchasing flats or commercial spaces. The UMC has stressed the importance of confirming whether a structure is authorized or unauthorized by consulting the Town Planning Department prior to finalizing property transactions. The appeal, signed by Additional Municipal Commissioner Dhiraj Chavan, highlights the ongoing issue of unauthorized constructions in Ulhasnagar, which negatively impacts the city’s reputation. Many developers construct and sell flats without the required permissions from the municipal body, often deceiving buyers. When the UMC…

Brigade Group Leases 9-Acre Plot on Chennai’s OMR

Representative image created by AI BENGALURU: Brigade Group, a prominent real estate developer, has secured a long-term lease for nine acres of land in Perungudi along the Old Mahabalipuram Road (OMR) in Chennai from YMCA. This acquisition stands out as one of the most significant transactions in the city’s IT corridor in recent years. The site, leased for 55 years, is situated in a strategically important area where large land parcels are rare. It has the potential for development of approximately 1.6 million sq ft, according to an insider. Though financial specifics are not disclosed, experts estimate that land at…