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Mahindra Lifespace Developers Reports ₹298.17 Crore Profit FY26

NEW DELHI: Mahindra Lifespace Developers (MLDL) has announced a consolidated net profit after tax of ₹298.17 crore for the financial year 2025-26, a significant increase from the ₹61.35 crore reported in FY25. The company’s consolidated total income reached ₹1,265.96 crore in FY26, compared to ₹453.87 crore in FY25. In Q4 FY26, total income was ₹723.21 crore, while profit after tax stood at ₹90.12 crore. During the year, MLDL successfully completed a rights issue of 5,81,63,456 equity shares with a face value of ₹10 each at a cash price of ₹257 per share, totaling ₹1,494.80 crore. These funds will be used…

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Meghna Infracon to Invest ₹500 Crore in Five Mumbai Projects

Representative AI image NEW DELHI: Meghna Infracon Infrastructure plans to invest up to ₹500 crore in five redevelopment projects across Mumbai and Thane, aiming to expand its presence in premium residential and commercial segments. The projects, situated in pivotal micro-markets like Goregaon West, Bandra West, Khar West, Juhu-Vile Parle, and Wagle Estate in Thane, are anticipated to have a total gross development value (GDV) of approximately ₹600 crore. With these new developments, the company’s total development pipeline is projected to exceed 10 lakh sq ft, bringing the cumulative GDV of its ongoing and upcoming projects to more than ₹1,000 crore.…

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Domestic Investors Make Up 76% of Q1 2026 Real Estate Inflows

Representative AI image NEW DELHI: Domestic institutional investors have maintained their dominance in India’s real estate investment sector during the January–March 2026 quarter, representing the bulk of inflows for the third consecutive quarter, as reported by Cushman & Wakefield. Total institutional investment in the sector reached $1.6 billion in this quarter, reflecting a 26% year-on-year increase. Domestic capital contributed $1.2 billion, or 76% of total inflows, while foreign investment accounted for the remaining $0.4 billion. The report notes a persistent shift in capital allocation, with domestic investors increasing their share of investments in four of the last five quarters. Their…

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Gaya Bans Construction and Land Deals Until March 2027

GAYA: The state government has imposed a ban on all construction activities and land transactions in certain areas of Gaya district as part of its ambitious satellite township development initiative and a long-awaited master plan to manage future urban growth. This prohibition, aimed at preventing unregulated development in designated planning zones, will remain in effect until March 31, 2027, as per an official notice. The government decree specifically prohibits construction and land transactions in two wards of the Gaya Municipal Corporation (GMC) — ward numbers 29 and 46 — along with 20 wards of the Bodh Gaya Nagar Parishad. Ward…

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Nashik body moves to cancel 26 layouts tied to MHADA scam

NASHIK: The civic authority has initiated steps to revoke 26 preliminary layouts in the initial phase of actions related to the MHADA housing scam, following the police booking of 197 individuals and the establishment of a state-appointed special investigation team to probe the matter. Officials from the Nashik Municipal Corporation’s (NMC) town planning department indicated that this action was prompted by reports from the land records survey department, which revealed that the tentative layout maps were absent from the department’s official base maps. “The cancellation process for all 26 layouts will begin and is expected to be completed within the…

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Gurugram: HSVP Halts Demolition, Awaits HC Guidance

File Photo GURUGRAM: The citywide anti-encroachment initiative by Haryana Shahari Vikas Pradhikaran (HSVP), set to commence on Monday, has now been postponed. This decision has come in light of a pending petition before the Punjab and Haryana High Court regarding the stilt-plus-four-floor construction policy, which is tied to numerous encroachment cases. Although the court declined to halt demolitions in the city, HSVP officials indicated that the drive would only proceed following explicit instructions from the bench. A senior HSVP official, who requested anonymity, confirmed the delay. “The initiative has been postponed as the matter is under High Court review. We…

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Land Deals Fall 22% in India FY26: Anarock Report

Representative Image NEW DELHI: Land transactions experienced a notable decline in the 2025-26 fiscal year, dropping by 22.38%. Only 111 land deals, covering over 2,994 acres, were completed across India, down from 143 deals in the prior year. Among these, listed companies executed 54 deals, accounting for 49% of the total transactions and covering 1,433 acres, as per an Anarock report. Bengaluru emerged as the leading market for listed developers, with 17 deals covering more than 293 acres, while Pune recorded eight deals totaling approximately 78 acres. The Mumbai Metropolitan Region (MMR) had seven deals spanning over 51 acres. Chennai…

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L&T Realty Purchases 20 Acres in Gurugram

AI-generated representative image NEW DELHI: L&T Realty Properties (LTRPL), a fully owned subsidiary of L&T, has acquired a 100% stake in International Green Scapes (IGSL) located in Delhi. This acquisition allows LTRPL to utilize 20 acres of land possessed by IGSL in Gurugram. This marks the company’s inaugural land acquisition in the NCR micro-market, with the site offering a development potential of about 3.6 million sq ft. In FY26, LTRPL and L&T Realty Developers, another subsidiary of the company, successfully completed land acquisitions in Mumbai, Delhi, and Bengaluru, amounting to a total development potential of three million sq ft. L&T…

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Mumbai’s SRA Freezes Builders’ Sale Flats to Ensure Rent

MUMBAI: The Slum Rehabilitation Authority (SRA) has mandated developers to deposit an advance rent covering two years for slum residents in their projects. Additionally, the SRA has started ‘freezing’ sale flats equivalent to three years of rent until builders provide new homes to qualified slum dwellers. This proactive measure aims to ensure that rent payments are secured and permanent housing is provided to eligible slum residents, according to SRA officials. This is the first instance of the SRA freezing portions of flats or commercial units from projects to prevent developers from neglecting their rental obligations to slum dwellers. SRA previously…

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Telangana Government Plans Land Value Revision Guidelines

Representative AI image HYDERABAD: Following the cabinet sub-committee’s request for the registration department to revise land values for property registrations, the registration and stamps (R&S) department has initiated guidelines for market value revisions. Sources indicate that the state government has yet to decide if the changes will apply statewide or just within Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MCMC). Given the substantial disparity between current government land valuations and market rates, plans are underway to increase these values by 30% to 50% in certain areas. Official sources revealed that, after generating ₹15,200 crore…