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Anant Raj Q3 FY26 Profit Climbs 31% to ₹144 Crore

NEW DELHI: Realty firm Anant Raj Ltd announced a 31% rise in consolidated net profit to ₹144.23 crore for the December quarter, driven by improved income. The net profit was ₹110.37 crore during the same period last year. The company’s total income increased to ₹660.38 crore in the October-December period, compared to ₹543.97 crore in the corresponding period of the previous year, as per a regulatory filing. Based in Delhi, Anant Raj Ltd is a prominent real estate developer, primarily focusing on residential and data center projects. Published On Jan 22, 2026 at 06:52 AM IST Join the community of…

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Raymond Realty Launches Residential Project in Wadala, Mumbai

NEW DELHI: Raymond Realty has unveiled a new residential redevelopment project in Wadala, central Mumbai, with a projected revenue potential of approximately ₹5,000 crore. Spanning a 5.62-acre land area, the development will feature premium 2-BHK and 3-BHK apartments, alongside high-street retail spaces. Harmohan Sahni, the company’s CEO, stated, “This development, with an expected revenue potential exceeding ₹5,000 crore, greatly enhances our long-term value creation strategy while reinforcing our asset-light expansion model.” Currently, the developer is working on over 10 million sq ft of projects across the Mumbai Metropolitan Region and has successfully delivered more than 5,500 homes to date. Published…

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Mumbai Tops 2025 Land Deals with 32 Acquisitions Over 500 Acres

Representative AI image NEW DELHI: The Mumbai Metropolitan Region (MMR) topped the land acquisition market in India in 2025, with 32 deals covering over 500 acres, according to Anarock Research. This accounts for more than 13% of the total land transactions in the country for the year. Overall, 126 land deals involving over 3,772 acres were completed in India in 2025, which is a slight decrease from 133 transactions in 2024 but a significant increase in land area, up from approximately 2,514 acres in the previous year. In 2024, MMR recorded about 30 land deals encompassing over 607 acres. Residential…

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Odisha Drafts Law to Simplify Land Management

Representative image BHUBANESWAR: The Odisha government is set to introduce a new land management law in the upcoming assembly session, aiming to replace multiple existing Acts related to land administration, as stated by Revenue and Disaster Management Minister Suresh Pujari on Monday. A consultative meeting regarding the proposed legislation, known as the Odisha Govt Land Management Act, was conducted on Monday. “The draft is ready, and we anticipate introducing the Bill during the next session of the Vidhan Sabha,” Pujari informed the media. The proposed law aims to replace outdated and overlapping revenue statutes with a more cohesive legal framework.…

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Embassy Developments to invest ₹4,500 crore in Mumbai housing

NEW DELHI: Embassy Developments (EDL) is planning to invest about ₹4,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) with three residential projects in Worli, Juhu, and Alibaug. The total gross development value (GDV) of these three projects will exceed ₹12,000 crore, encompassing a combined carpet area of approximately 1.58 million sq ft. Project launches are anticipated to start in the fourth quarter of FY26. In Worli, EDL is set to develop an ultra-luxury residential project featuring a carpet area of around one million sq ft and an estimated GDV of over ₹8,800 crore. This development will…

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Noida Rejects Wiztown Planners’ Layout for Sports City Violations

NOIDA: In 2022, the Noida Authority rejected a modified layout from Wiztown Planners for the Sector 150 plot, where a 27-year-old software engineer tragically drowned last Saturday night. The Authority deemed the layout inconsistent with the integrated Sports City scheme, perceiving it as more of a commercial complex rather than a sports-oriented development. The 27,185 sqm plot, SC-02/A3, is a part of the Sports City project in Sector 150, which was designed over a decade ago to create cohesive districts emphasizing sports infrastructure. The planning guidelines stipulate that sports and recreational areas should dominate 70% of the land use, with…

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RMZ Plans $10 Billion Investment in Andhra Pradesh Over 5-6 Years

NEW DELHI: RMZ has reached an agreement with the government of Andhra Pradesh for an investment of around USD 10 billion into mixed-use, digital, and industrial infrastructure across the state over the next five to six years. The collaboration was revealed at the World Economic Forum Annual Meeting 2026 in Davos. As part of this partnership, RMZ will establish a Global Capability Center at the Kapuluppada Phase-1 IT Park in Visakhapatnam, with a potential built-up area of up to 10 million sq ft over roughly 50 acres. Furthermore, a hyperscale data center cluster is planned for the Visakhapatnam area, aiming…

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Realty Investment Hits ₹69,000 Crore in UP, Up 53%: RERA Chief

NEW DELHI: The real estate sector in Uttar Pradesh has experienced a remarkable 53% increase in investments, soaring to ₹69,000 crore in 2025, as reported by UP RERA Chairman Sanjay R Bhoosreddy on Tuesday. Bhoosreddy attributed this growth to the state’s investor-friendly policies, which also led to a noticeable uptick in RERA applications for new projects during the ICC Real Estate Summit 2026 in the national capital. “Investment in the real estate sector was ₹29,000 crore in 2023, driven primarily by real estate promoters. This figure rose to ₹45,000 crore in 2024 and has further increased to ₹69,000 crore this…

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EAAA India Submits ₹1,500-Crore IPO Papers to Sebi

NEW DELHI: EAAA India Alternatives, a division of Edelweiss Financial Services, has submitted preliminary documentation to the market regulator Sebi to raise ₹1,500 crore through an initial public offering (IPO). The planned issuance will be completely an offer-for-sale (OFS) by Edelweiss Group, as outlined in the draft red herring prospectus (DRHP) filed on Monday. Consequently, the company will not receive any funds from the IPO; the entire amount will be directed to the selling shareholder. Founded in 2008, EAAA India Alternatives ranks among India’s top alternatives platforms, boasting over 15 years of expertise in managing long-term, patient capital. As of…

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Lokhandwala Complex in Mumbai Set for Redevelopment Expansion

MUMBAI: In 1984-85, construction began sweeping through the lush mangroves and marshlands of Andheri West, leading to the establishment of a premium housing estate. Now, 41 years later, Lokhandwala Complex is experiencing a new wave of redevelopment driven by necessity and the Fear of Missing Out (FOMO). Divided into four parallel lanes, Lokhandwala is a self-sufficient township with hundreds of shops catering to all needs, from basic essentials to luxury items. Now, the skyline is set to shift. From the Svati building—site of the notorious 1991 Lokhandwala shootout—to Apna Ghar societies and beyond, demolition and new construction are accelerating, with…