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Anant Raj Secures ₹1,100 Crore by Selling Shares

NEW DELHI: Realty firm Anant Raj Ltd has successfully raised Rs 1,100 crore by selling equity shares to institutional investors. The Finance and Investment Committee of the board has sanctioned the issuance and allocation of 1,66,16,314 equity shares to qualified institutional buyers at a price of Rs 662 per share, totaling Rs 1,100 crore, as stated in a regulatory filing on Tuesday. Anant Raj’s Qualified Institutional Placement (QIP) opened on October 7 and closed on October 13. The shares have been allocated to investors including Societe Generale ODI, BNP Paribas Financial Markets, Morgan Stanley Asia Singapore, Jupiter India Fund, and…

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Telangana’s property loss in fires exceeds ₹800 crore this year

HYDERABAD: From January to September this year, Telangana has experienced an alarming increase in fire incidents, resulting in a staggering property loss of ₹819.37 crore—the highest recorded in the state’s history over the past 11 years. In comparison, 2018 reported a previous peak of ₹260.16 crore in damages from 9,120 fire incidents, as per data from the state fire department. To date, the state has logged 7,276 fire accidents, claiming 142 lives. The only other year with a greater fatality rate was in 2015, with 159 deaths resulting from fires. “The uptick in incidents in major industrial areas like Pashamailaryam…

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Noida Authority Installs Notices on Housing Projects for Dues

NOIDA: The Noida Authority has begun placing boards outside housing projects where promoters have not cleared significant land dues and have not applied for the government’s rehabilitation scheme. Images of these boards are being shared on the Authority’s website as part of a strategy aimed at resolving issues with certain builders. The initial board has been set up outside Lotus Panache, a project by Granite Gate Properties currently under insolvency proceedings at the National Company Law Tribunal (NCLT). This initiative has faced strong opposition from residents who argue it breaches the moratorium imposed during the corporate insolvency resolution process (CIRP)…

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Maharashtra earns ₹29,795 crore from property fees by Oct 12

PUNE: Property registrations across Maharashtra continue to thrive, even after the recent increase in the ready reckoner (RR) rate, marking the first uptick in three years. The state has already gathered nearly half of its annual stamp duty and registration fees target as Diwali approaches. According to the state registration department, Maharashtra amassed ₹29,795 crore in stamp duty and registration fees by October 12, equating to 46.9% of the current financial year’s target of ₹63,500 crore. This represents a 7% increase from ₹27,834 crore during the same timeframe last year (up to the end of September), despite the recent RR…

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Embassy Developers’ Promoters Inject ₹1,160 Crore Funds

Here’s a revised version of your content: NEW DELHI: Embassy Developments (EDL) announced that its promoters have successfully completed the subscription of 100% of warrants through the final tranche amounting to ₹67.7 crore, resulting in a total promoter capital infusion of ₹1,160 crore. This investment was made by converting warrants into equity shares at a price of ₹111.51 per share. The funds will be utilized to bolster the balance sheet, finalize ongoing projects, and support future expansion initiatives in key markets. Rajesh Kaimal, Chief Financial Officer of EDL, stated, “With a strengthened equity base, we are well-positioned to enhance project…

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Signature Global Pre-Sales Reach ₹46.5 Billion in H1 FY26

NEW DELHI: Signature Global has announced pre-sales of ₹46.5 billion for H1 FY26, alongside collections of ₹18.7 billion for the same timeframe. In Q2 FY26, pre-sales reached ₹20.1 billion, with collections increasing to ₹9.4 billion. The average sales price during this quarter was ₹15,000 per sq ft, compared to ₹12,457 per sq ft in FY25. The company’s net debt has slightly increased to ₹9.7 billion due to the purchase of 33.47 acres of land in the key Sohna micro-market, which has a development potential of approximately 1.76 million sq ft. Chairman and whole-time director Pradeep Kumar Aggarwal stated, “We continue…

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Arnya Realestates Fund Investments: ₹415 Crore in Housing Projects

NEW DELHI: Arnya Realestates Fund Advisors has invested ₹415 crore in residential projects located in Bengaluru and Navi Mumbai. The fund has partnered with Vaishnavi Group for a villa project in southeast Bengaluru and MAIA Estates for a premium apartment project in South Central Bengaluru, as well as Gami Group for a mixed-use project in Navi Mumbai and Casagrand for an apartment project in South Bengaluru. The firm’s assets under management (AUM) have exceeded ₹675 crore, with total deployments anticipated to surpass ₹1,200 crore by March 2026. Recently, they launched a residential equity fund in collaboration with Supreme Universal, aiming…

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Punjab Alters Land Use Rules to Encourage Investment

LUDHIANA: The Punjab government has recently overturned a previous policy, officially separating change of land use (CLU) permissions from the final approval of building and layout plans. This decision, enacted by the state’s housing and urban development department, aims to streamline the development process, responding to the needs of investors looking to secure bank loans and clearances earlier in the process. This change reinstates the former system, which had been integrated in 2023 into a unified application for CLU and layout plan/license to develop colonies. Municipal corporation (MC) officials and the Greater Ludhiana Area Development Authority (GLADA) have been directed…

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Ghaziabad: Higher FAR & Mixed Use to Boost TOD Zone Revenue 200%

GHAZIABAD: The launch of the transit-oriented development (TOD) policy along the 45km rapid rail corridor is poised to substantially enhance revenue generation. This policy will increase the floor area ratio (FAR) in the TOD influence area by 33–50% from the current 1.5, with provisions for mixed land use. Authorities estimate that this initiative could boost revenue from the zone by more than 200%. Officials confirmed that the Ghaziabad Development Authority (GDA) and the National Capital Region Transport Corporation (NCRTC) will share revenue generated from TOD equally. NCRTC has requested GDA to ensure that revenue from map approvals within the TOD…

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Urban Growth Surges with Land Changes in North Goa

PANAJI: This week, the town and country planning (TCP) board tentatively approved a new set of zoning change proposals, highlighting an increasing trend of urban expansion in North Goa’s valued villages. The 19 proposals announced by the TCP are primarily focused on areas like Salvador do Mundo, Assagao, Taleigao, Mandrem, and Parcem, all of which are under significant real estate pressure. Notably, several developers, including Rajlaxmi Dealcom Pvt Ltd, Adwalpalkar Construction & Resorts Pvt Ltd, and Priority Constructions, have sought zone changes specifically in Salvador do Mundo. This concentration indicates a definite push towards urbanization in Bardez, Pernem, and Tiswadi,…