IndustryLatest Stories

Arihant Superstructures’ FY26 Profit Falls 15.79% to ₹46.04 Cr

NEW DELHI: Arihant Superstructures has reported a 15.79% decline in its net consolidated profit for the financial year 2025-26. The profit after tax for FY26 was ₹46.04 crore, compared to ₹54.67 crore in FY25, as noted in a BSE filing. The company’s net consolidated total income for FY26 was ₹556.01 crore, reflecting a growth of 10.35% from ₹503.87 crore in FY25. In Q4 FY26, net consolidated total income rose by 17.38% to ₹181.99 crore, up from ₹155.05 crore in the same quarter last year. Profit after tax increased by 5.77% to ₹11.91 crore, compared to ₹11.26 crore in the corresponding…

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Omaxe’s FY26 Net Loss Increases to ₹696.80 Crore

NEW DELHI: Omaxe has reported a net consolidated loss after tax amounting to ₹696.80 crore for the financial year 2025-26, compared to a loss of ₹685.40 crore in FY25, as noted in a BSE filing. The company’s total net consolidated income for FY26 was ₹1,339.74 crore, reflecting an 18.16% decline from ₹1,636.97 crore in FY25. In Q4 FY26, net consolidated total income saw a significant dip of 31.95%, coming to ₹376.31 crore, down from ₹553.03 crore in the same quarter last year. For Q4 FY26, Omaxe recorded a loss after tax of ₹191.42 crore, compared to a loss of ₹148.67…

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Nisus Finance invests ₹90 crore in Realnet’s Hinjewadi project

NEW DELHI: Nisus Finance Services Co has invested ₹90 crore through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures, which is a fully owned subsidiary of Paranjape Schemes (Constructions). The residential apartment tower is being developed on 1.09 acres of land, offering a total saleable area of 4.02 lakh sq ft. It will comprise 188 units, including 3BHK (average area of 1,300 sq ft) and 4BHK (average area of 1,700 sq ft) configurations. The project has a gross development value (GDV) of ₹370 crore and is projected to generate an operating surplus of ₹143 crore. Located within Blue…

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Bihar Requires Map Approval for Rural Multi-Storey Buildings

PATNA: The state government is set to make map approval mandatory for constructing apartments and multi-storey buildings in rural areas to regulate unplanned expansion across villages. The Panchayati Raj department is finalizing new rules that will require approval from the law department, a high-level committee, the state cabinet, and the legislature. Once in place, no multi-storey structure will be permitted in rural areas without an approved building plan. Panchayati Raj Minister Dipak Prakash stated, “Bihar is experiencing rapid urbanization along with increasing unplanned constructions in non-planned areas.” He noted, “These developments lead to violations of building by-laws and cause revenue…

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DLF Plans ₹20,000 Crore Housing Sale by FY27: MD

NEW DELHI: DLF Ltd, India’s largest real estate firm, aims for sales bookings of ₹20,000 crore in the current fiscal year, maintaining a target similar to that of 2025-26, driven by a robust launch pipeline for residential projects in Gurugram, Mumbai, and Goa, as stated by Managing Director Ashok Kumar Tyagi on Thursday. In a webcast for market analysts, Tyagi emphasized the strong performance of both the company’s housing and commercial segments and expressed confidence in their future growth. Regarding the sales bookings target for the 2026-27 fiscal, he reaffirmed an annual goal of ₹20,000 crore. Of this, approximately ₹14,000-15,000…

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HCC Q4 FY26 Net Profit Falls 34.56% to ₹59 Crore

NEW DELHI: Hindustan Construction Company (HCC) announced a 34.56% drop in consolidated net profit, reporting Rs 59 crore for the quarter ending March 2026. In the same period last year, the profit was Rs 90.08 crore, as detailed in a BSE filing. The company’s total income for the quarter was Rs 1,017.51 crore, compared to Rs 1,392.20 crore a year prior. Total expenses decreased to Rs 931.28 crore from Rs 1,077.91 crore in the previous year. For the full fiscal year 2025-26, HCC recorded a consolidated net profit of Rs 165.52 crore, up from Rs 112.63 crore in FY25. The…

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Karnataka Deputy CM Launches ‘Bhoo Guarantee’ for 23 Lakh Properties

BENGALURU: Karnataka Deputy Chief Minister D K Shivakumar unveiled the “Bhoo Guarantee” scheme on Wednesday, intending to provide digitized property records to approximately 23 lakh property owners in Bengaluru, alongside a one-time settlement opportunity to convert B-Khata properties into A-Khata. A-Khata signifies legitimate properties. Moreover, he announced concessions for B-Khata holders, landowners, and homeowners impacted by planning violations, as well as relaxations under the Bengaluru Development Authority (BDA) regulations. “This is a historic decision to provide Bhoo Guarantee (land guarantee) to 23 lakh people in Bengaluru city,” said Shivakumar, adding that “Nanna Khata, Nanna Hakku” (My Khata, My Right) signifies…

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GDA Board to Discuss Fire Safety, Land Acquisition on April 14

GHAZIABAD: The GDA board is set to convene on Thursday to discuss 17 proposals, which include updating development, permit, and inspection fees for the fiscal year 2026-27, following an increase by the state government. The board will also assess a recently approved allocation of Rs 100 crore aimed at enhancing fire safety measures in high-rise buildings. Additional topics on the agenda involve land acquisition for the Aerocity project and the second phase of the Harnandipuram township development. “One of the key proposals on the agenda involves budgetary allocations to improve fire safety systems. Rs 100 crore has already been allocated,…

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Delhi Plans to Lower Building Height for Better Fire Safety

NEW DELHI: The Delhi government is contemplating adjustments to the height limits of buildings concerning the fire NOC requirement to enhance safety regulations, following recent incidents that resulted in multiple fatalities in the city, officials reported. As per the guidelines of the Delhi Electricity Regulatory Commission (DERC), power distribution companies can grant electricity connections to residential buildings up to 17.5 meters high with stilt parking and up to 15 meters high without stilt parking, without requiring fire safety no objection certificates (NOC). Officials noted that over 95% of residential properties in the capital avoid implementing fire safety protocols due to…

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DLF’s Net Profit Up 1.10% to ₹4,414.68 Crore in FY26

NEW DELHI: DLF has announced a 1.10% increase in its net consolidated profit for the financial year 2025-26. The profit after tax reached ₹4,414.68 crore, up from ₹4,366.82 crore in FY25, as reported in a filing to the BSE. The company’s net consolidated total income was ₹9,816.04 crore in FY26, representing a 9.12% rise from ₹8,995.89 crore in FY25. In Q4 FY26, net consolidated total income fell by 37.46%, totaling ₹2,093.82 crore compared to ₹3,347.77 crore in the same quarter last year. Additionally, profit after tax declined by 1.06%, settling at ₹1,268.56 crore in Q4 FY26, down from ₹1,282.20 crore…