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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.…

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Puravankara buys 14.57 acres in Mandur, Bengaluru

Representative image NEW DELHI: Puravankara has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of around ₹2,300 crore. Of this, 7.92 acres are under a joint development agreement (JDA), while 6.65 acres were directly purchased by the company. The total saleable area for the project is expected to be approximately 1.8 million sq ft. Ashish Puravankara, Managing Director of the company, stated, “With this latest acquisition, our total land bank in Bengaluru now stands at 25.61 million sq ft.” The company’s development pipeline boasts a cumulative estimated GDV of approximately ₹10,400 crore.…

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Supreme Court Ruling Delays Smart Meter Rollout in Karnataka

Representative Image BENGALURU: The government’s initiative to implement smart meters for new electricity connections across the state has resulted in significant administrative hurdles, exacerbated by confusion regarding the Supreme Court’s mandate for mandatory occupancy certificates (OC). Smart meters are anticipated to minimize transmission losses, enhance billing accuracy, and facilitate real-time monitoring of electricity usage. However, the Supreme Court’s ruling, aimed at reinforcing building compliance standards, has inadvertently impeded progress in modernizing the power sector. The program, launched nearly a year ago, was initially targeted for all new and temporary electricity connections in the jurisdictions of Bangalore Electricity Supply Company (Bescom)…

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Kolkata Civic Body Targets Buildings for Demolition

KOLKATA: The municipal authorities have issued demolition notices for several buildings in Tiljala and Beleghata, giving residents just 48 hours to vacate what have been termed “unauthorised” properties. Many residents, who settled in these buildings over the last 15 years, face the anxiety of sudden displacement, particularly since the developers are currently uncontactable. Residents from the affected buildings in Tiljala protested on GJ Khan Road, claiming they were misled by the developer into believing the properties were legitimate. “Today, a notice was posted on our building, yet the developer’s phone is switched off. Where are we supposed to go with…

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Sambhajinagar to Tax Drain-Top Buildings, Crackdown on Sewage

CHHATRAPATI SAMBHAJINAGAR: Buildings erected over major drains and nullahs, despite having official clearance, will be subjected to higher property taxes as the municipal corporation aims to tackle persistent monsoon flooding and obstacles in desilting efforts. The Shiv Sena (UBT) Bhavan is among the structures that may be affected. Municipal Commissioner Amol Yedage made this decision following an inspection of critical drainage areas at Kabadipura, Barudgar nala, Sambhaji Peth, and Roplekar Chowk, where he discovered several large constructions approved by the civic body built over nullahs. Officials confirmed that these buildings received corporation approval. Yedage then instructed to increase property taxes…