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Panel to Review Delhi’s Settlements and Land Use Plans

Representative image Delhi’s land challenges, including contentious topics like the regularisation of unauthorised colonies and the implementation of a land pooling policy, are now under scrutiny by a parliamentary committee. The 31-member standing committee on housing and urban affairs is set to delve into three significant urban development and land matters concerning Delhi. Recently reconstituted, the panel has identified 23 issues for examination. Currently, the committee is assessing the implementation of prominent missions under the housing and urban affairs ministry. Among the 23 issues, three directly address Delhi’s land concerns, including the regularisation of unauthorised colonies, the status of the…

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Aditya Birla Sun Life AMC to raise ₹1,500 crore via Realty Fund

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, intends to raise over ₹1,500 crore, including a greenshoe option, through a Category II alternative investment fund focused on senior secured lending for real estate projects in major Indian cities. The fund, named Aditya Birla Real Estate Credit Opportunities Fund-Series II (ABRECOF-II), will primarily invest in post-approval, brownfield projects developed by established real estate firms in tier-1 markets like Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, and Chennai. The investment strategy will mirror that of its predecessor, Aditya Birla Real Estate Credit Opportunities Fund (ABRECOF), which has invested over ₹1,427 crore to…

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Brigade Enterprises Q2 FY26 Net Profit Surges 47.97%

NEW DELHI: Brigade Enterprises has announced a significant increase in its net consolidated profit, rising by 47.97% for the quarter ending September 30, 2025. The company’s profit after tax for Q2 FY26 reached ₹170.28 crore, compared to ₹115.08 crore in the same period last year, according to a filing with the BSE. The total consolidated income stood at ₹1,429.86 crore, marking a 25.63% increase from ₹1,138.13 crore in the same quarter last year. In Q2 FY26, net bookings in the real estate sector were 1.90 million sq ft, with a sales value of ₹2,034 crore. Collections for the quarter amounted…

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India’s Real Estate Sees $1.76B Institutional Investment in Q3 2025

NEW DELHI: The Indian real estate sector attracted institutional investments totaling USD 1.76 billion in Q3 2025, marking the highest quarterly influx for any Q3 in the last four years, as stated in a Vestian report. While there was a slight decline of 2% in investments from the previous quarter, this represents an impressive 83% increase from the same time last year. The commercial sector continued to lead, accounting for 79% of the total investments, exceeding its previous records of 61% and 71% in the last quarter and the same quarter last year, respectively. In terms of value, investments in…

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Andhra Pradesh Extends Layout Regularization Deadline by 3 Months

Here’s a rewritten version of the content provided: Representative AI image VIJAYAWADA: In light of inadequate public response, the state government has opted to extend the deadline for the Layout Regularisation Scheme (LRS) by an additional three months. Initially announced in July, the scheme was set to conclude on October 31. With the new deadline, applications for the regularisation of plans can now be submitted until January 23, 2026. Sources indicate that the extension was prompted by a lack of interest from layout developers and plot owners. “The state government has decided to prolong the submission period for applications under…

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Shapoorji Pallonji to raise ₹22,000 crore to cut debt in 2026

MUMBAI: The Shapoorji Pallonji (SP) Group plans to raise $2.5 billion (approximately ₹22,000 crore) in the first quarter of the next calendar year to retire expensive existing debt. The infrastructure conglomerate has begun discussions with current investors to determine whether they prefer repayment now or at the scheduled maturity in April. The fundraising goal aims to eliminate $1.7 billion (₹15,000 crore) of existing high-cost debt and is seen by analysts as the second phase of a capital restructuring for the group entity, Goswami Infratech. “Refinancing is step two, which is the Q1 event,” said an insider. “Step one involved the…

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Pune: Trust May Cancel Model Colony Deal, Status Quo Until Oct 30

PUNE: Just two days after Vishal Gokhale from Gokhale Landmarks LLP announced plans to withdraw from the contentious land agreement concerning the 3.5-acre property of the Seth Hirachand Nemchand Digambar Jain Boarding Trust, the trustees informed the charity commissioner on Tuesday that they also intend to cancel the deal. In an application submitted to charity commissioner Amogh Kaloti through their attorney Ishan Kolhatkar, the trustees noted that a board meeting had been called on October 27, following Gokhale’s email requesting the cancellation deed. They unanimously agreed to accept the developer’s proposal, emphasizing the importance of community harmony, transparency, public trust,…

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Aditya Birla Real Estate Q2 FY26 Net Loss Reaches ₹73.10 Crore

NEW DELHI: Aditya Birla Real Estate (previously Century Textiles and Industries) has reported a net consolidated loss after tax of ₹73.10 crore for the quarter ending September 30, 2025. This compares to a net loss after tax of ₹1.28 crore recorded in the same quarter last year, according to a filing with BSE. The company’s net consolidated total income was ₹113.23 crore, down from ₹275.82 crore reported in the same quarter last year. As of September 30, 2025, the net worth stood at ₹3,797.24 crore, with a debt-equity ratio of 1.45, a current liability ratio of 0.69, total debts to…

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Panvel to Inspect Fire Safety in Buildings and Establishments

NAVI MUMBAI: The fire brigade unit of the Panvel City Municipal Corporation (PCMC) is taking proactive measures to ensure compliance with fire No Objection Certificates (NOC) among schools, hotels, hospitals, and buildings. Chief Fire Officer Pravin Bodkhe has requested the cooperation of these establishments following recent fire incidents in Kharghar and Kamothe. Fire brigade personnel will conduct on-site inspections using a standardized format. Two teams assigned to each node will complete this task across six areas—Panvel, New Panvel, Kamothe, Kalamboli, Rodpali, and Taloja—within the next six months. This initiative aims to update fire safety records for all establishments within the…

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Raymond Realty Q2 FY26 Income Reaches ₹706 Crore

NEW DELHI: Raymond Realty has reported a total income of ₹706 crore in Q2 FY26, marking a 20% year-on-year increase from ₹589 crore in Q2 FY25. The company’s EBITDA rose to ₹101 crore in Q2 FY26, compared to ₹95 crore in the same quarter last year, with an EBITDA margin of 14.3% in Q2 FY26, down from 16.2% in Q2 FY25. According to Harmohan Sahni, managing director, “We are on track with our strategic plan for the latter half of the year, expecting increased operational activity supported by a new pipeline of project launches.” The current potential revenue from its…