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Telangana Builders Seek Farmhouse Approval in Conservation Areas

Representative AI image HYDERABAD: In a significant move that may reshape development on the outskirts of Hyderabad, realtors and builders in Telangana have urged the state government to allow farmhouse plotting under conservation land use, with clearly defined size and construction parameters. They argued that this would control unregulated growth, bring structure to existing grey areas, and generate consistent revenue for the government. During a recent meeting with officials from the municipal administration department, representatives from builders’ associations such as NAREDCO, CREDAI, and TDA proposed permitting farmhouse plots with a minimum size of 10 guntas (around 12,000 square yards). They…

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Bengaluru to Reduce Penalties for Vacant Sites Citywide

BENGALURU: The Bangalore Development Authority (BDA) is considering a reduction in penalties for allottees who have left their residential plots vacant for years. This decision comes after the authority recognized that the current flat-rate penalty system has not been effective. During a recent governing council meeting, officials acknowledged that the existing 10% penalty, linked to market values, has failed to incentivize site owners to either pay or begin construction. Many beneficiaries have ignored demand notices, prompting the BDA to explore a more practical and graded penalty structure. Under the proposed changes, beneficiaries who build homes within five years of receiving…

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Telangana Considers Major Updates to Building Regulations

HYDERABAD: The Telangana government is contemplating a series of revisions to building regulations aimed at reducing compliance burdens and costs within the real estate sector. These changes include modifications regarding mortgaging built-up space, building fee payments, issuance of No Objection Certificates (NOCs), project timelines, and permissible floor heights. The proposed changes follow multiple appeals from builders and developers, who contend that current regulations have become outdated and excessively restrictive. According to government sources, there is a preliminary agreement to lower the required mortgaging of built-up space from 10% to 5%, responding to requests from builders’ and developers’ associations. The remaining…

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Max Estates Reports Notable Profit Decline in Q3 FY26

NEW DELHI: Max Estates has announced a net consolidated profit after tax of ₹2.53 lakh for the quarter ending December 31, 2025, according to a BSE filing. In the same quarter last year, the profit after tax was ₹15.81 crore. The company’s net consolidated total income for Q3 FY26 was ₹71.44 crore, marking a decrease of 0.63% from ₹71.89 crore recorded in the same period the previous year. The board of directors has approved the appointment of Arihant Kothari as Chief Investment Officer – Capital Strategy, effective February 6, 2026. They also approved the issuance of 14,442 equity shares with…

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Embassy REIT Q3 FY26 Net Operating Income Rises 19%

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported a 19% year-on-year increase in net operating income (NOI), reaching ₹985 crore for the third quarter ending December 31, 2025. Operational revenue rose by 17% year-on-year to ₹1,193 crore. The board of directors for Embassy Office Parks Management Services (EOPMSPL), which manages Embassy REIT, has declared a distribution of ₹613 crore, equating to ₹6.47 per unit for the quarter. Additionally, the company raised ₹400 crore via a commercial paper at an effective interest rate of 6.44% per annum, successfully reducing its in-place cost of debt by 61 bps over the last…

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Omaxe Reports ₹153.20 Crore Net Loss in Q3 FY26

NEW DELHI: Omaxe reported a consolidated net loss after tax of ₹153.20 crore for the quarter ending December 31, 2025, as stated in a BSE filing. In comparison, the company had a loss after tax of ₹150.28 crore during the same quarter of the previous fiscal year. The net consolidated total income for Q3 FY26 was ₹319.03 crore, reflecting an increase of 6.21% from ₹300.39 crore recorded in the corresponding quarter the previous year. In the quarter ending December 31, 2025, Omaxe acquired two companies, Next10 Realbuild and Next10 Land Developers, each having 10,000 equity shares of ₹10, totaling ₹1…

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Haryana: Landowners face FIR for leasing farmland to illegal factories

GURUGRAM: The Haryana State Pollution Control Board officials have announced that landowners who lease or sell agricultural plots for unauthorized factory operations will now face criminal charges along with the operators of these units. This initiative forms part of the ongoing efforts to address the annual air quality crisis affecting Delhi-NCR. FIRs will now be filed against both landowners and tenants where industrial activities are detected on farmland without the necessary approvals. This marks a significant shift from past enforcement actions, which primarily focused on sealing or demolishing such units. Senior officials have directed teams to locate these plots and…

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Ashiana Housing Purchases 8.83 Acres in Maharashtra

Representative image NEW DELHI: Ashiana Housing has acquired approximately 8.83 acres of land in Wavarle, Raigad, Maharashtra, through outright purchase from various sellers. The company intends to develop a senior living project on this land, featuring a saleable area of 450,000 sq ft. Additionally, Ashiana announced a collaboration with Epoch Elder Care, which will take full operational control of Ashiana Care Homes in Bhiwadi. Epoch will manage a 48-bed facility offering assisted living services and care for chronic conditions. Published On Feb 6, 2026 at 04:30 PM IST Join a community of over 2 million industry professionals. Subscribe to our…

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RBI Holds Interest Rate at 5.25%, Pauses Rate Cuts

NEW DELHI: Following a 25 basis point rate cut in December, the RBI has opted to pause its policy rate amid ongoing geopolitical uncertainties. This marks the first monetary policy review since Finance Minister Nirmala Sitharaman revealed the Budget for FY 2026-27. During the sixth and final bi-monthly monetary policy meeting of the current fiscal year, RBI Governor Sanjay Malhotra announced that the Monetary Policy Committee (MPC) has decided to maintain the short-term lending rate (repo rate) at 5.25 percent, adopting a neutral stance. The pause in rate cuts is influenced by the consumer price index (CPI)-based retail inflation, which…

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RBI May Permit Banks to Lend to REITs

MUMBAI: On Friday, the Reserve Bank of India proposed allowing banks to extend loans to Real Estate Investment Trusts (REITs) with specific prudential safeguards, aiming to enhance the financing pool for the real estate industry. REITs are investment vehicles that manage income-producing real estate, offering investors a way to earn a portion of the income without directly buying properties. Developed in India, REITs and Infrastructure Investment Trusts (InvITs) aim to liberate banks’ funds tied up in completed and operational real estate and infrastructure projects by refinancing these with pooled resources from institutional and retail investors. Initially, commercial banks were not…