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E-Khata Streamlines Bengaluru’s Property Management: GBA Official

BENGALURU: Munish Moudgil, Special Commissioner (Revenue & IT) of the Greater Bengaluru Authority (GBA), announced that the integration of e-khata with the Kaveri property registration portal has resolved issues in Bengaluru’s property management. Prior to the e-khata integration, around 85% of Kaveri transactions were linked to unauthorized layouts, illegal revenue sites, unapproved subdivisions, or faulty ownership records. In the 2024-25 fiscal year alone, over 75,000 such transactions occurred before e-khata was implemented on October 1, 2024. Following this integration, those instances dramatically decreased, according to Moudgil. The GBA Commissioner noted that some entities benefiting from the previous opaque manual process,…

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Arkade Developers’ Net Profit Falls 96.63% to ₹5.29 Crore

NEW DELHI: Arkade Developers has experienced a significant decline of 96.63% in its net consolidated profit for the fiscal year 2025-26. The profit after tax was reported at ₹5.29 crore compared to ₹156.92 crore in FY25, as per the company’s BSE filing. The net consolidated income rose to ₹828.16 crore in FY26, reflecting a 19.23% increase from ₹694.60 crore in FY25. In Q4 FY26, net total income surged by 48.18% to ₹199.06 crore from ₹134.34 crore year-over-year. However, the company faced a loss after tax of ₹109.56 crore in Q4 FY26, contrasting with a profit after tax of ₹32.26 crore…

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Construction Costs Rise 25% Amid Global Conflicts: CREDAI

NEW DELHI: Since the onset of global conflicts, construction costs have surged by over 25%, primarily due to supply chain interruptions, labor migration, and increased prices for raw materials. Top builders have noted shortages of essential materials, which are exacerbating the issue. Vikas Oberoi, chairman and managing director of Oberoi Realty, expressed during the FY26 earnings call, “Rising costs for energy, aluminum, and glass are stressing us out. This affects the entire industry and is beginning to take a toll.” Experts believe that these crises may serve as a catalyst for leaders to outpace less agile competitors within the industry.…

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Ahmedabad Civic Body’s Property Tax SOP for Businesses with Free Parking

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has launched a new initiative aimed at improving traffic flow and decreasing the pressure from unauthorized roadside parking. This is part of the ‘Comprehensive Policy 2026 to Transform Traffic, Parking, Encroachment, Road Safety, and Cattle Management Across the City’. Understanding the importance of collaboration with commercial establishments in addressing the city’s traffic challenges, the AMC has introduced special measures to encourage these businesses. Under this scheme, commercial establishments that open their parking facilities to the public at no cost will be eligible for property tax exemptions corresponding to the designated parking area. The AMC…

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Govt Implements Category-Based Land Valuation in Taleigao

Representative Image PANAJI: The revenue department has revamped its land valuation methodology, transitioning from a uniform rate system to a category-based approach. This new system assigns distinct values to various areas within a village, depending on location and available amenities, starting with Taleigao as a pilot project. Previously, the revenue department set a minimum land rate for the entirety of a village. The new approach enables the department to assess individual plot values based on their distance to amenities and services. The department stated that categorizing villages into smaller subdivisions with varying land valuation rates represents a “more practical, rational,…

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Eldeco Housing’s FY26 Profit Soars 12.93% to ₹24.28 Crore

NEW DELHI: Eldeco Housing & Industries (EHIL) has announced a 12.93% increase in its net consolidated profit for the fiscal year 2025-26, reporting a profit after tax of ₹24.28 crore compared to ₹21.50 crore in FY25, as stated in a BSE filing. The company’s total net consolidated income reached ₹175.71 crore in FY26, reflecting a 22.29% rise from ₹143.68 crore in FY25. In Q4 FY26, net consolidated income surged by 70.96% to ₹64.28 crore, up from ₹37.60 crore in the same quarter of the previous year. Profit after tax rose by 49.85% to ₹4.84 crore compared to ₹3.23 crore for…

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NBCC India’s FY26 net profit up 33.19% to ₹742.44 crore

NEW DELHI: NBCC (India) has announced a net consolidated profit increase of 33.19% for the financial year 2025-26. The profit after tax reached ₹742.44 crore in FY26, up from ₹557.42 crore in FY25, according to the company’s BSE filing. The total net consolidated income for FY26 was ₹13,195.88 crore, a rise of 7.52% compared to ₹12,272.99 crore in FY25. In Q4 FY26, the net consolidated income saw a slight decline of 1.75%, amounting to ₹4,618.59 crore, down from ₹4,700.86 crore in the same quarter last year. However, profit after tax surged by 38.79%, hitting ₹253.51 crore compared to ₹182.66 crore…

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Ajmera Realty Net Profit Rises 18.93% to ₹149.79 Crore in FY26

NEW DELHI: Ajmera Realty & Infra India has reported an 18.93% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹149.79 crore in FY26, compared to ₹125.95 crore in FY25, according to a filing with the BSE. The company’s total net consolidated income was ₹1,098 crore for FY26, showing a 45.80% growth from ₹753.11 crore in FY25. In Q4 FY26, the net consolidated income surged by 181.30% to ₹439.93 crore, up from ₹156.39 crore in the same quarter last year. Profit after tax also saw a significant growth of 119.94%, rising to ₹55.60…

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Shriram Properties’ Net Profit Rises 30.41% to ₹100.81 Crore

NEW DELHI: Shriram Properties Limited (SPL) has announced a 30.41% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹100.81 crore, up from ₹77.30 crore in FY25, as per a BSE filing. The company’s total consolidated income for FY26 was ₹1,356.93 crore, representing a 39.40% increase from ₹973.38 crore in FY25. For Q4 FY26, SPL’s total consolidated income rose by 55.02% to ₹662.73 crore, compared to ₹427.51 crore in the same quarter last year. The profit after tax for Q4 FY26 increased by 64.77% to ₹78.53 crore, up from ₹47.66 crore in the…

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Kalpataru Launches Kandivali East Redevelopment Project

NEW DELHI: Kalpataru has initiated a cluster redevelopment project involving five neighboring societies in Ashok Nagar, Kandivali East, Mumbai. The development covers 2.8 acres, with a free sale potential of 0.37 million square feet of carpet area and an estimated gross development value (GDV) of approximately ₹1,250 crore. In Q4 FY26, the pre-sales value reached ₹1,833 crore, a six percent increase from ₹1,724 crore in Q4 FY25. Collections totaled ₹1,487 crore, up 41 percent from ₹1,057 crore the previous year, with an area sold of 1.15 million square feet. Average sale realization during this quarter was ₹15,969 per square foot.…